Bid-Ask Gap a Struggle for Buyers, Sellers of European Hotels
The flow of hotel industry transactions in Europe has not increased since the start of the pandemic, and that has left hoteliers and investors grappling over asset valuations.
External Articles
NYU Report Claims Hotel Capital-Expenditure Spending Could Soar 70% in 2022
NEW YORK — The total amount of U.S. lodging industry capital-expenditure spending is forecast to increase by approximately 70% in 2022 from the record lows of approximately $2 billion in 2020 and 2021 to $3.4 billion in 2022, after an unprecedented decline in response to demand and the financial effects of COVID-19.
Long Waits, High Shipping Costs: The Impact of the Global Supply Chain on Hotels
Like many industries, hotels are at the mercy of the delays in the global supply chain.
Investors Patiently Pursue Opportunistic Hotel Deals
Amid surging demand for hotels through the summer travel season, executives at the largest U.S.-based hotel ownership companies have been watchful for opportunities to buy and grow their portfolios.
Hotel Investors 'Kick the Can' on Acquisitions as Distressed Assets haven't Materialized
Hotel owners who thought they were experienced and poised to make the most out of a crisis following the Great Recession had to learn the hard way just how bad things could get.
Travel Demand Adds Pressure To Hotel Labor Shortage
The increase in demand for hotel rooms during the COVID-19 pandemic has been a double-edged sword for the U.S. hotel industry.
Questions On Labor, Business Travel Linger Heading Into Hotel Earnings Reports
As the U.S. hotel industry nears its second-quarter earnings call season, hotel experts and analysts expect the publicly traded hotel brand companies and real estate investment trusts will focus on the two biggest issues facing the industry: labor and the return of business travel.
Hotel Stocks Underperform For Fourth Straight Month
The unleashing of pent-up leisure travel demand in the U.S. this summer so far hasn't been enough to significantly boost stock values for the hotel industry overall, as hotel stocks underperformed the broader economy in June for the fourth straight month.
Hoteliers Find Ways To Turn Parking Lots Into Profit
Hotel parking facilities can be highly efficient profit centers, but often are underutilized by hoteliers who lack revenue management discipline.
Accor’s European Signings Growth Stems From Thinking Like Owners
Control what you can control. Throughout the COVID-19 pandemic, both individuals and businesses have leaned on that daily strategy.
Accor Acquisition Company announces its private placement and listing on Euronext Paris
Accor Acquisition Company (AAC), a Special Purpose Acquisition Company (SPAC) sponsored by Accor, has raised €300 million; in a private placement of Units to be listed on Euronext Paris, for the purpose of acquiring businesses active in sectors adjacent to Accor’s core hospitality business, including Food and Beverage, Flexible Working, Wellness, Entertainment & Events and Travel Technology.
Marriott Focused On Helping Owners With Costs, New Development
As the hotel industry continues on its way to recovering from the COVID-19 pandemic, Marriott International is working closely with owners to control costs and guide new construction.
International Demand In Europe Unlikely To Return Until 2024
International hotel overnights and business in Europe likely will not recover until 2024, while domestic demand will likely lead the way in 2021, as it did in 2020.
Hotel Property Rebound Faces Years-Long Slog
Distressed hotel owners may need to wait until 2024 to see a full rebound.
European Hotel Deal Volume Expected To Grow in 2021
The United Kingdom's hotel sector will show a noticeable surge in transactions outside of London as hotel-ownership balance sheets are cleaned up following the tumultuous year that was 2020, according to sources.
Some Denver Area Hotels Dim The Lights And Wait For The Creditors To Come Knocking
Months of empty rooms and discounted rates are catching up with hotel owners in Denver and across the country. Unless Congress steps in with more financial assistance or travel spending finds a way to surge, a big shakeout looms next year, industry insiders warn.
Hotel operator IHG extends debt waivers to end of 2022
Holiday Inn-owner Intercontinental Hotels Group has struck an agreement with its creditors to extend waivers of its debt covenants through the end of 2022, the company said in a statement on Friday.
‘Throw Out the Old School’: Rethinking Labor Management at CYBER HITEC
"Labor is an investment and not an expense." That was among the key themes of a virtual session led by Del Ross, chief revenue officer for Hotel Effectiveness, during CYBER HITEC on October 27, 2020. During the presentation, Ross reviewed traditional methods of labor planning and management and how a more data-driven approach can help hotel owners and operators deliver the same quality service more efficiently to achieve cost savings among other benefits.
Airbnb Sets Stage For Blockbuster Market Debut, Looks At Nasdaq Listing
(Reuters) - Home-rental startup Airbnb Inc plans to list its shares on the Nasdaq, setting the stage for one of 2020's most high-profile stock market debuts.
Hotels Are Betting Big on Brand Conversions Coming of Out of the Crisis: Is That Smart?
Depending on whether global brands or independent operators are the ones talking, there is a lot of money to be won or left on the table in a hotel brand conversion. Run the numbers on renovation costs and fee structures before making the plunge into one of these deals.