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| Hotel Industry Performance Middle East And Africa |
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| Hotels in the Middle East saw occupancy increase 6.5% to 67.6% in October, and despite a 3.9% ADR decrease to $143.62, RevPAR rose 2.3% to $97.07. In Africa, hotel occupancy dipped 0.4% to 65.8%, ADR increased 1.8% to $109.61 and RevPAR rose 1.4% to $72.14. Read more |
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| Brand Requirements |
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| During the execution of numerous transactions during 2019, the HVS Brokerage & Advisory team has fielded a myriad of questions from buyer groups about the impact of needed PIPs on asset prices. We are seeing increased variability in PIPs. Thus, a buyer group’s estimate is of paramount importance. Read more |
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| Hotel Industry Performance Americas |
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| Hotel occupancy in Central and South America rose 2.9% to 61.1% in October as ADR increased 9.5% to $97.33 and RevPAR rose 12.7% to $59.51. Read more |
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| Guest Acquisition Platform |
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| The new site, a converted heritage wool-store-turned-office-property on Windmill Street, will welcome around 400 employees in a 3,687 square metre space, with an initial lease signed for six years. The move is designed to accommodate for both the company’s existing teams and ambitious growth plans, which include expanding the size of its local engineering team. Read more |
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| Data Breach |
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| Gekko Group, a subsidiary of Accor Hotels, has suffered a major data breach that may have affected a customer base of 600,000 hotels worldwide. Read more |
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| Development News |
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| This expansion will significantly boost Wyndham Hotels & Resorts’ footprint in the region, reaching 35 operational hotels and over 5,700 rooms by 2021 across a number of key markets including Russia, Georgia, Kyrgyzstan, Armenia, Kazakhstan and Uzbekistan. Read more |
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| Hotel Development Australia |
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| Radisson Hotel Group is set to introduce its Radisson RED brand to Australia for the first time, following the signing of Radisson RED West Perth. Read more |
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| Hotel Development Czech Republic |
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| The 'Sugar Palace' hotel project, currently being developed by UBM Development AG, will become the new Andaz Prague. Located at Senovážné Square, only a short walk from Prague’s world-famous Old Town, the 175-room hotel is expected to open in 2022. Read more |
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| Hotel Development Dubai |
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| The hotel houses 823 rooms and suites grouped into Scene and Stage Guest Rooms; Premiere Suites and Paramount Suites; and themed suites taking inspiration from Paramount Pictures movies. Read more |
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| Fuel Hotel Marketing Podcast |
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| By now you have probably heard the increasing chatter about CCPA. In this episode of the award winning Fuel Hotel Marketing Podcast, we do an overview and try to unpack the new California privacy regulations and what they mean for your hotel. Keep in mind that CCPA is just the beginning and we fully expect to see more legislation coming from other states in the very near future. Read more |
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| Google’s Vacation Rental Product |
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| After tossing its listings into Google’s vacation rental product in Europe and Asia about a month ago, some of Airbnb’s apartment and vacation home listings in the United States are now appearing in Google as well. Read more |
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