Issue 17: 13th May 2019

    Hilton, Hyatt say no to sharing

    Hyatt and Hilton greeted the news of Marriott International’s move deeper into homesharing by commenting that they would not be following suit. Marriott owner Host Hotels & Resorts welcomed the decision, calling it “complementary, not competitive”. At Hilton, president & CEO Chris Nassetta told analysts on the company’s first-quarter earnings call: “It’s not something that [...]

    IHG eyes China to quell slowdown

    IHG said that it would continue to look to China for growth, as it continued to make market share gains in the region. The company, which was reporting its first-quarter figures, said that it would reveal details of its all-suites upper-midscale brand at its Americas Conference with its owners later this month. CEO Keith Barr [...]

    Expedia’s wobbly extension

    Expedia Group saw its attempts to expand away from its core lodging product falter, as its alternative accommodations reported slowing booking growth. The company, which recently re-signed with Marriott International, added that its relationship with hotel operators had become “more constructive” in recent years. Expedia announced that it had renamed the HomeAway reporting segment as [...]

    Vienna House makes Germany buy

    Vienna House has acquired 17 city hotels and two projects from Arcona Group, for an undisclosed fee. Vienna House was the latest hotel company to buy its way into the German hotel market, where performance continues to rise. In addition to eight Arcona Living and four Arcona Hotels, the purchase included five Steigenberger hotels franchised [...]

    Retail advances into hotels

    Beauty brand The Hut Group has expanded its hotel portfolio with the purchase of the Eclectic Hotel Group in Manchester. The deal came as LVMH announced plans to bring its Cheval Blanc flag to London, as retailers eyed the sector. The Hut Group’s purchase of Eclectic Hotel Group from founders Eamonn and Sally O’Loughlin saw [...]

    IHCL accelerates growth

    The Indian Hotels Company said that it was making progress towards its 2022 target of having half its portfolio fee-based. The results came as Hotel Leelaventures’ deal with Brookfield Asset Management was paused by the Securities and Exchange Board of India after objections from two minority shareholders. In a call to analysts, Puneet Chhatwal, MD [...]