Delegates at the Hotel Alternatives conference held in London last week were told that UK banks are finding it tougher to compete with alternative lenders who are offering more advantageous terms to increase their share of the debt market. Nevertheless, there is still plenty of opportunity for the traditional UK lending banks to have a major impact on the hotel sector in its many alternative guises.
Hospitality Financial and Technology Professionals (HFTP®), an international nonprofit and producers of the Hospitality Industry Technology Exposition and Conference (HITEC®), is pleased to announce its exclusive CIO/CFO event sponsorship agreement with Fourteen IP Communications Ltd at the upcoming HITEC Amsterdam 2018. The invitation-only event that brings together CIOs and CFOs from leading hotel and hospitality companies from across Europe will take place on 11 April to kick-off HITEC Amsterdam, which is taking place from 11-13 April at the RAI Amsterdam Convention Centre.
Over 80 hotel company CEOs will attend IHIF 2018 taking place at the InterContinental Hotel in Berlin next week. This represents the highest number of hotel company CEOs to attend the event in its 21-year history.
Adria Hotel Forum (AHF) is a leading Southeast European hotel investment conference held every year in Zagreb, Croatia and visited by regional and international hotel industry experts. The sixth edition of AHF will be held on February 14th and 15th 2018 on theme: OUR OWN RESPONSIBILITY
Adria Hotel Forum is the leading Southeast European hotel investment conference held every year in Zagreb, Croatia and visited by international and regional hotel industry experts. The sixth edition of Adria Hotel Forum (AHF) will be held on February 14th and 15th 2018. in Sheraton hotel in Zagreb on the following theme: OUR OWN RESPONSIBILITY
Preparing for the new EU General Data Protection Regulations (GDPR), a framework legislated by all EU member states with a required compliance date of May 25, 2018, international nonprofit association Hospitality Financial and Technology Professionals (HFTP®) recruited a team of experts to develop Hospitality Data Protection Officer (HDPO) guidelines and supporting resources for the industry. In addition, the group is designing a certification program specific for HDPOs to demonstrate their competence with the specialized position. A key requirement of the GDPR is that companies who handle large stores of sensitive personal information must assign a DPO, and it is estimated that this could open approximately 28,000 positions across all industries.
The fifth edition of the international hotel investment conference Adria Hotel Forum will be held held on February 8th and 9th 2017. in Sheraton hotel in Zagreb on the following theme: INVESTMENTS IN HOTEL INDUSTRY: Development and beyond
The Adria Hotel Forum is a leading Southeast European hotel investment conference held every year in Zagreb, Croatia and visited by regional and international hotel industry experts.
Hospitality Financial and Technology Professionals (HFTP®), producer of the Hospitality Industry Technology Exposition and Conference (HITEC®), will kick-off its inaugural HITEC Amsterdam with a pre-conference events program the day prior to the full conference. On 28 March 2017 are the CIO and CFO events, invitation-only round-tables that bring together high-level hospitality CIOs and CFOs from across Europe, for a face-to-face discussion on crucial issues their companies are encountering. Adding to the pre-conference program, HFTP is hosting its successful hospitality technology start-up pitch competition, Entrepreneur 20X (E20X). HITEC Amsterdam is the first of three HITEC events planned for 2017, and will be 28–30 March at the RAI Amsterdam Convention Centre.
Despite much of the coffee break talk being about Donald Trump's election to the White House, this did not overshadow the thread that ran through the day's varied and highly topical agenda at last week's HOSPACE2016 – namely, the impact of Brexit on the UK hospitality industry.
German business organisation Travel Industry Club (TIC) and Hospitality Sales and Marketing Association International (HSMAI) Region Europe have agreed to join forces to offer top notch advantages to the industry's German professionals, with co-branded gatherings already in the pipeline.
Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said: "Once again, AccorHotels has undertaken numerous initiatives to secure its lead and improve its performance. Our teams have united around our strategic priorities – restructuring of the property portfolio at HotelInvest, swift rollout of the digital plan, selective hotel development, revamping of the food and beverage offering and cultural transformation. The benefits from these initiatives have contributed to our good results in the first half, which include a significant increase in revenue and EBIT, strong cash flow generation, more robust positions in the fastest-growing markets and an improvement in the value of our hotel assets.
On Thursday July 2nd, in the presence of the French and Chinese Prime Ministers, Louvre Hotels Group has signed a strategic agreement with Chinese bank ICBC that will provide the Group with the means to support its ambitious development policy in France and Europe. Now the Group is in a position to boost its policy of organic and external growth, as well as its renovation programme.
Year one of implementation of the business plan has fostered significant improvement in the performance of the hotel business, in the Company's image and in how it is perceived by the market and by travellers
2014 was characterized by strong growth in revenue mainly as a result of the acquisition of the Nordic hotel chain, Rica Hotels, which added 10,600 hotel rooms and 71 hotels. At the same time, the good organic growth of 10.0% in the hotel portfolio confirms that the Group's investments in its portfolio and customer offering yielded the desired results. During the year, the Group gained market share in all of the Nordic countries. This strong growth occurred at the same time as the Group's adjusted EBITDA margin increased to 9.4%.
Starwood Capital Group, a leading global private investment firm, and leading Spanish hotel operator Melia Hotels International announced today that they have established a joint venture that has agreed to acquire a collection of hotels across key resort locations in Spain.
Madrid, 3rd of February 2015. NH Hotel Group has presented today the key milestones of 2014, weighing up the Company's performance in year one of its current five-year strategic plan and providing insight into guidance for 2015
One-off costs related to a hotel closed for renovation and the challenging business climate will impact the 2014 results of the Rezidor Hotel Group and delay the delivery of the company's Route 2015 margin enhancement objectives. Launched in 2011 and targeting an EBITDA margin increase by 6-8pp by the year 2015, the turnaround programme focusses on revenue generation, fee-based growth, cost savings, cap utilization and asset management.
De Vere Group and KSL Capital Partners, LLC (KSL), are pleased to announce that an affiliate of KSL has acquired Village Urban Resorts (Village) from De Vere Group. KSL, headquartered in Denver, Colorado with an office in London, is a U.S. private equity firm dedicated to investing in travel and leisure businesses.
Starwood Capital Group and Jin Jiang International Holdings Co., Ltd. jointly announced today that both parties have signed an agreement regarding Starwood Capital Group's potential sale of Groupe du Louvre and its 100% indirect subsidiary Louvre Hotels Group for an undisclosed amount. The proposed transaction is subject to the "information and consultation" process with Louvre Hotels Group's central works council.