STR's preliminary June 2018 data for Munich, Germany, indicates hotel performance consistent with significant demand. Based on daily data from June, Munich reported the following in year-over-year comparisons:
For the eighth time in a row, Germany achieved a new record in terms of overnight stays. In 2017, about 459.5 million overnight stays were counted of which 288.8 million were recorded in the lodging segments hotel, hotel garni and guesthouses. The hotel industry's response is a full pipeline and an increasing presence of professional hotel groups. This puts pressure on non-branded hotel businesses and the market is increasingly rearranging itself.
Radisson Hotel Group is pleased to announce the appointment of Max Gross as Senior Director of Business Development to strengthen and drive the group's growth strategy in Germany, Austria, and Switzerland. For the past five years, Max was responsible for Development and Asset Management with the HR Group in Germany. Max completed his Bachelor's degree at the University of Brighton in International Hospitality Management. He began his professional career in the Finance and Business Support Division of Westbridge Europe, a hotel property specialist and former subsidiary of the Westmont Hospitality Group. In 2011, he moved to Treugast Solutions Group, where he gained extensive experience in hotel real estate.In his new capacity, Max reports directly to Elie Younes, Executive Vice President & Chief Development Officer of the Radisson Hotel Group.
STR's preliminary May 2018 data for Berlin, Germany, indicates mostly negative performance. Based on daily data from May, Berlin reported the following in year-over-year comparisons:
NOVUM Hospitality and project developer GBI AG have started another joint project in laying the foundation for a niu hotel with 344 rooms in Frankfurt. The midscale hotel, in chic design, is being built on Rebstockpark in Leonardo-da-Vinci-Allee, an ideal location for guests of the Main metropolis, with this district being the gateway to the highly frequented exhibition grounds. Opening is expected to be at the end of next year.Along with niu Coin and niu Charly, niu Air is the third niu hotel to be built in Frankfurt - from more than 50 permanently agreed properties throughout Germany. "Among them are two further project developments with GBI AG, in Hamburg and Mannheim. We truly appreciate the strategic partnership and are pleased to have already implemented agile processes and have been able to implement the niu rollout so efficiently", explains David Etmenan, Chief Executive Officer & Owner of NOVUM Hospitality.Additional supply combines with increasing demand and a very healthy hotel market. According to PwC's European Cities Hotel Forecast, nightly room revenue in Frankfurt rose by 3.7 percent to 85 Euros in 2017. Earnings are also forecast to continue rising over the next two years. "Frankfurt's potential as a banking and trade fair city continues to grow," explains Jan Winterhoff, Director of Hotel Development at project developer GBI AG. "Positive market development is also supported by the effects of Brexit. In 2017, more than nine million hotel nights were recorded in Frankfurt for the first time, exactly 9.544 million. Compared to ten years ago (5.383 million overnight stays), this represents an increase of 77.3 percent.Like all hotels of the niu brand, this property has been given an additional name that has a regional reference pertaining to its location. In the case of Leonardo-da-Vinci-Allee, the nickname is Air. Air is a reference to technical aviation and an honour to these first pioneers, names of whom can also be found in the surrounding street names. Leonardo da Vinci conceived the first flying machines as early as 1490. Not only the name is tailored to the location at every niu hotel, but also the extraordinary interior. The design concept of the niu Air has therefore been based on the first attempts at aviation along with Zeppelin & Co - yet interpreted in an extraordinary and modern way.The design concept is complimented by socio-cultural cooperation with non-profit association Viva con Agua, because urban art mixes with the hotel brand at niu Air. As part of this collaboration, selected artists who are involved in Viva con Agua Arts and the Millerntor Gallery have artistically redesigned the hotel façades in in an urban manner - and for a good cause. The proceeds flow into the projects of charitable water initiatives. Initially, the focus is on the current Viva con Agua project in Uganda.GBI AG has extensive experience in hotel development in Frankfurt am Main. This includes two mixed use projects in the European quarter in the Main metropolis, for example, combining several hotel brands from different segments, integrating student housing and even a day care centre. "This allows us to assess the potential of the area around the trade fair well," says Clemens Jung, CEO of GBI AG: "We are very happy to be working with a strong, creative brand like niu at this well-connected and well-established location.NOVUM Hospitality will proceed with more than 50 niu hotels throughout Europe in the next two to three years. At the beginning of February, the niu Cobbles opened in Essen as the first property of the new brand. "Working with such an innovative and creative brand like niu is great fun," says GBI AG CEO Jung. Collaboration through project development is to be strengthened through further expansion of this lifestyle brand.All niu properties offer an innovative and open Living Lobby as a meeting point not only for hotel guests but also for locals. The most modern digital equipment is another asset of the brand and runs through all hotels. Numerous sockets and USB ports, smart flat screens, ultra-fast WLAN, an Instagram wall, background beats throughout the hotel and Bluetooth speakers in rooms leave nothing to be desired.
Award-winning hospitality software business Guestline announces the appointment of Kris Roemer as managing director Germany. Roemer is the latest addition to the senior international management team following the company's expansion in Europe and joins with immediate effect.
The investable hotel market in Germany grew in 2017 by approximately six per cent to EUR 52.6 billion compared to 2016. According to the latest market value analysis carried out by Union Investment and bulwiengesa, the size of the German hotel market has doubled in the last ten years. The key factor in this rise is the continued growth of the branded hotel segment in Germany - which is favoured by investors - as well as a general increase in supply.
Germany is Europe's most important travel market. It alone accounts for 30% of EU citizen's overnight stays in foreign countries and is the world's third largest outbound market. In order to help you get to grips with this critical market we are releasing free excerpts of our German Travel Consumer 2018 report. Click here to download this report extract on the German economy and travel consumer now or use the download form below.
Delta Hotels, part of Marriott International, today officially launched Delta Hotels by Marriott Frankfurt Offenbach marking the European debut of the hotel brand. The opening is a significant landmark in the global rollout of the highly regarded Delta Hotels portfolio – one of the company"s fastest growing brands.
Russelsheim-based MERKUR Development Holding (MERKUR) and NOVUM Hospitality are continuing to extend their partnership. MERKUR, as developer for NOVUM Hospitality, is to build a new hotel at Mergenthaler Allee 23-25 in Eschborn/Taunus. The long-term tenant will be the mid-range "niu" hotel brand. When completed, the 7-storey building is anticipated to provide 176 hotel rooms and 83 apartments for long-term stays.Preliminary discussions with the Eschborn local authority have already taken place and the plans are being expedited in the framework of the existing development plan. An application for planning consent is currently in preparation and will be made during the next few weeks. Subject to approval being granted, construction is scheduled to begin in the first quarter of 2019. There are over 50 niu hotels. This is the fourth for which NOVUM Hospitality has commissioned MERKUR as developer. "We very much appreciate the strategic partnership with MERKUR and, thanks to our repeated collaboration, we are looking forward to agile processes that will bring our niu hotel to optimal completion" explains David Etmenan, Chief Executive Officer and owner of NOVUM Hospitality.
SnapShot GmbH announces Mr. S. Carson Booth has joined as CEO to lead the company into its next stage of growth. Booth brings over 25 years of hospitality technology experience and is the former global vice president of property technology at Starwood Hotels & Resorts Worldwide where he led a diverse global team managing the strategy, innovation and operations of associate- and guest-technology. He also concurrently served as general manager of Starwood's international licensing company, and previously as vice president IT EMEA.
STR's preliminary April 2018 data for Munich, Germany, indicates significant demand and performance growth. Based on daily data from April, Munich reported the following in year-over-year comparisons:
Robert Boller will head up MAXX with immediate effect as managing director. He has just completed 18 successful years with IntercityHotel GmbH. During this time, he held General Manager positions in Mannheim, Düsseldorf and Kiel before moving on to the Corporate Office in 2013. His most recent function has been as Senior Director of Operations for IntercityHotel, and he will continue to exercise this task on a transitional basis until the end of the year prior to focusing entirely on his new remit with effect from 1 January 2019.
Over 5 million overnight stays – that"s this year"s extremely positive forecast for the hotel market in Dusseldorf. The steadily growing numbers as well as the increase in particularly international overnight stays offer NOVUM Hospitality an ideal environment for its young midscale concept niu. Together with the proprietor and developer Peker GmbH, as well as RKW+ Architekten, the family-run hotel group is planning a niu called niu Hubbetween the city and airport on the Vogelsanger Weg – an ideal location for not only business travellers. As things stand at present, the niu hotel will open in spring 2021 – with 226 hotel rooms and 201 apartments, one of the largest of the currently 50+ planned niu hotels. "Dusseldorf has again achieved a record figure for overnight stays: we want to be a part of this and are certain that our urban concept with individual storytelling in a living-room atmosphere at a very fair price-performance ratio resonates with the spirit of the times," explains David Etmenan, the CEO and owner of NOVUM Hospitality.
The German accommodation market is in the midst of a strong period of high demand, with the number of overnights stays in German accommodation establishments with 10 or more beds rising from an estimated 436.4 million in 2015 to 459.6 million in 2017. Despite the recently buoyant market, 2018 will see hotel profits in the country under pressure as demand growth from German travelers slows, room supply increases and costs grow says a new report, an excerpt for which can be downloaded for free here.
German hospitality stakeholders identify a specific trend of the sector. The number of hotels in Germany is decreasing, but the number of guest beds goes up. Nearly 700 new hotels are planned to be built in the next three years, with 100,000 rooms, representing almost 17 billion euros of investment.
Although digital travel bookings made through mobile are rising, a number of factors will mean Germans continue to rely on their desktops and laptops to look and book their trips says EyeforTravel's new German Travel Consumer 2018 Report.
Germany's outbound market accounts for over 30% of the overnight stays made by EU citizens but the market is set to get even bigger in 2018 on the back of strong economic performance, receding security concerns and high consumer confidence finds the report, an extract of which can be downloaded for free here.
STR's preliminary March 2018 data for Berlin, Germany, indicates slight performance growth driven by high demand. Based on daily data from March, Berlin reported the following in year-over-year comparisons:
The German economy and consumer is in excellent shape in early 2018 and that means increased spending on travel in the world's third largest outbound market says EyeforTravel's new German Travel Consumer 2018 report, a free excerpt from which is available now.