Five CEOs, some 90 brands with more on the way, and an estimated combined worth of hundreds of billions of dollars. Five leading hoteliers from Accor, IHG, Hilton, Wyndham and Choice, were on stage together in Berlin for a panel discussion entitled 'Evolution of the Brands' at the recent International Hotel Investment Forum.
Private equity (PE) transactions hit their highest levels since 2007 in the US and Europe in the first nine months of the year, according to the Financial Times citing data from Thomson Reuters, with the value of deals amounting to some 212 billion dollars, partly on cheap debt.
When it comes to the serviced apartment sector, as land prices rise, the trend is for smaller size units – and that's posing a challenge for designers: what to keep within the room or apartment, and what to move into possible communal areas.
In the first of two pieces on serviced apartments, we examine the drivers of growth in the extended-stay sector. In the second article, to be published next month, we will examine innovations in serviced apartments in the face of increasing land prices.
Google, whose mantra used to be 'Don't be evil' (until it dropped it for the motto 'Do the right thing'), is almost omnipresent in our lives these days. We use it for all sorts of online searches, whether it's trying to access arcane information or find our way from A to B.