Our 22nd webinar, held on 10 December, explored the impact of the 2024 Budget on the hospitality sector, highlighting concerns about increased costs from rising NI contributions and thresholds, minimum wage increases and business rates, with one of our experts noting that these changes could lead to a 10% increase in payroll costs, necessitating a 5%-7% revenue growth to mitigate the impact.
The outlook for UK hotel market demand in 2025 appears to suggest a generally positive picture. While the below average UK GDP growth of 1.6% in 2025 could dampen UK domestic business and leisure demand, UK interest rates are predicted to reduce resulting in a weakening pound. This could boost inbound tourism with the relative affordability of the UK for international travellers.
A new survey revealed that 91 per cent of hoteliers say costs have surged since the Autumn Budget, with six out of 10 reporting a hike of more than 20 per cent.
Mercure’s hotels are a gateway to the destination, inspiring guests to explore, connect and discover, while building a legacy of capturing and connecting to the essence of each destination, through meaningful experiences. The Accor (unpacked) video series returns to uncover more captivating stories from our hotels and brands through the voices of our teams.
Four Seasons, the world's leading luxury hospitality and branded residential company, in partnership with Hinitsa Bay Holdings, announces plans for the redevelopment of a beachside property at Hinitsa Bay, Porto Heli, Greece into a luxury resort and private residences.
Known for helping people experience the world, this December, Booking.com is offering the chance to travel back in time, as it opens the doors to the ultimate 1980s Christmas home, bookable for a one-off stay.
Paris-based Atypio Hotels announces the launch of its partnership with Covivio Hotels (a subsidiary of Covivio), which has entrusted it with the management of 12 of its establishments located in Île-de-France and Occitanie (France). These new hotels, ranging from 2 to 4 stars, allow Atypio Hotels to expand its portfolio to 38 properties.
Covivio has announced the completion of the process of consolidating the ownership of jointly owned hotel operating and property companies with AccorInvest. At the end of this operation, initiated at the end of 2023, Covivio holds full ownership of 43 hotels located in France, Belgium and Germany, and sells to AccorInvest 16 hotels in the same regions.
During its annual convention held on Monday, November 25, Teritoria—the first mission-driven voluntary chain chaired by Alain Ducasse—presented a review of the commitments required of its 430 members one year ago.
The Luxury Hotelschool Paris and Culinary Arts School Lenôtre have signed an unprecedented partnership to promote their respective expertise both in France and abroad.
Leading investment firms KKR and The Baupost Group today announced a joint venture to purchase a portfolio of 33 Marriott International hotels across the UK from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Amante Capital, KKR’s vertically integrated European hospitality platform, will serve as managing partner for the joint venture and the properties will continue as premium Marriott branded hotels.
Hilton (NYSE: HLT) has announced plans to expand its presence in Türkiye to more than 120 hotels trading and pipeline, with the signing of 10 new hotels across 4 of its award-winning brands – DoubleTree by Hilton, Tapestry Collection by Hilton, Hilton Garden Inn and Hampton by Hilton – adding more than 1,000 guest rooms.
Radisson Hotel Group is delighted to welcome the exceptional to Madrid, with the debut of the first Radisson Collection property in Spain’s vibrant capital. This iconic hotel is set to open in 2027, redefining luxury hospitality in Madrid. The hotel will be located on Alcala Street, one of Madrid’s most prominent avenues in the prestigious Canalejas area, surrounded by renowned luxury brands such as Hermès, Louis Vuitton, and Cartier.
Travelodge Group, the UK’s first budget hotel brand which operates more than 600 hotels, today announces its results for the nine months ended 30 September 2024. Travelodge delivered a 0.5% increase in revenue to £786.1 million (2023: £782 million), reflecting resilient market demand from its diverse range of leisure and business customers, albeit with a more challenging rate environment. The Group reported a comparable Group EBITDA of £187 million and Travelodge OpCo delivered a comparable EBITDA of £178 million (2023: £195.2m), while navigating ongoing inflationary pressures, including successive increases in the National Living Wage, rent reviews and energy costs.
Two years ago—in partnership with some of the largest real estate companies in the US—we launched Airbnb-friendly Apartments (AFA) to help renters locate apartment buildings that would allow part-time hosting, something previously difficult to find. Since that time, we’ve been hard at work continuing to grow the program and today, we’re excited to announce the expansion of AFA underneath Airbnb-friendly Real Estate, which now also includes Airbnb-friendly Condos (AFC).
The online ticket shop is open now for tourism professionals and offers attractive early bird rates until 14 January 2025. Ticket holders have automatic access to the new ITB Match & Meet networking function. Senior buyers can apply now for the exclusive ITB Buyers Circle.
Mohari Hospitality ("Mohari") today announced the acquisition of the Bauer Hotel in Venice, Italy. The acquisition of this iconic property is a significant addition to Mohari's growing European portfolio, underscoring its commitment to building a collection of luxury properties with irreplaceable heritage and unique cultural resonance.
Institut Lyfe, a renowned French school recognised globally for excellence in the culinary arts, pastry, hospitality, and restaurant professions, has partnered with Yannick Alléno, a world-class chef who has earned multiple Michelin stars, including two awards of 3 stars. Together, they are proud to present Pavyllon, a training restaurant by Yannick Alléno and Institut Lyfe LYON. This new venture strengthens the longstanding partnership between Yannick Alléno and Institut Lyfe, based on a modern approach to cuisine and the transmission of knowledge to future generations - just as the collaborative establishment of the School of Sauces did in 2021.
Global hotel brand BWH Hotels has revealed a five-year plan to add 100 hotels to its GB portfolio to give the group 20,000 rooms nationwide.
As we reflect on another year of dedication to sustainable growth and responsible hospitality, I am proud to present our 2023 Sustainability & CSR Report. At Mitsis Group, our commitment to excellence goes hand in hand with our unwavering dedication to sustainability, social responsibility, and ethical governance. This year, we have continued to make significant strides in our efforts to create a positive impact on the environment, empower our communities, and ensure that our guests can travel sustainably.