Seven trending hotel news stories that will impact your hotel Revenue Strategy.
1. Industry association files complaints against Booking.com
The UK Bed and Breakfast Association, which represents owner-managed guest houses, has filed a number of complaints to the Competition and Markets Authority against Booking.com and other online travel agents.
The association has complained that:
- Rate parity clauses imposed on accommodation providers are driving up prices
- OTAs are misleading consumers with false discounts and availability claims
- OTAs are manipulating search rankings
- OTAs are forcing hotels and B&Bs to let them bid on the property’s name with Google
The UK Bed and Breakfast association has raised five complaints against Booking.com and one each against Expedia and Hotels.com.
Full story at Travel Weekly.
2. Budapest leads Europe’s hotel profit growth
Hotels across Europe have enjoyed a strong first half to the year with consumer confidence buoyed by the IMF recently upgrading its 2017 growth projections for many EU countries, according to HotStats.
The latest data showed that hotels in Europe saw a 3.6% increase in GOPPAR in June, with Budapest putting in a stellar performance with a 27.1% year-on-year increase in profit per room. Hotels across the region saw a 4.4% increase in RevPAR to €180.04.
Full story at Hotel News Resource.7 trending EMEA hotel news stories that will impact your hotel #revenuestrategy Click To Tweet
3. European tourism industry attributes protests to Airbnb
Accommodation sharing platforms such as Airbnb have come under fire from the European travel industry, with ABTA boss Mark Tanzer citing the sharing sites as the possible cause of protests in key markets such as Barcelona and Madrid.
Angry locals have been protesting that the tourism industry is driving up accommodation prices and causing overcrowding. Tanzer said that the prevalence of website such as Airbnb meant the tourism market was becoming harder to regulate.
Full story at TTG Media.
4. Mixed profits at Middle East hotels during Ramadan 2017
The observation of Ramadan during the majority of June led to mixed results for hotels across the Middle East and Africa, with regional TrevPAR falling to $163.60 compared to a 12-month average of $205.88.
Metrics for hotels across the region saw occupancy drop to 47.9% for June, down from the 12-month average of 63.6%. However, properties in the Middle East and Africa did see an overall increase in GOPPAR of 2.9%.
Full story at HotStats.
5. UK hotels unaffected by snap election
The latest figures for hotels in the UK show that the market was largely unaffected by the snap election, held in June, with GOPPAR across the country up 5.4% for the month.
The latest figures from HotStats showed that the UK enjoyed a 6.2% increase in RevPAR to £101.05 and a 5.4% year-on-year increase in average room rate to £122.23.
Full story at Hotel News Resource.
6. Asian investors continue to spend in London
More than £1.1 billion has been invested in London hotels during the first half of the year, according to Savills. International investment accounted for 68%, or £756 million, of investment into hotels in the capital, with London assets proving popular with Asian investors, particularly those from Hong Kong, Malaysia and Singapore.
Savills predicts that investment into the London hotel market will top £2.8 billion by the end of 2017.
Full story at Hotel Owner.
7. Henderson Park buys out two of UK’s largest hotels
The 1059-room London Hilton Metropole and the 790-room Birmingham Hilton Metropole hotels have been bought by European real estate investment platform Henderson Park. The acquisition marks Henderson Park’s entry into the UK market, and follows hotel investments in Paris and Athens.
Hilton will remain as operator for both UK properties while Henderson Park’s asset management team look to enhance value at the hotels in the medium to long-term.
Full story at Boutique Hotelier.
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