The Blue Swan Daily brings you a round up of the latest key hotel news from across the South Pacific.
- Marriott International releases Q1FY2018 hotel development update for Australia Pacific region
- AccorHotels’ strong increase in 2017 earnings driven by robust business and very dynamic development
- Rezidor Hotel Group delivers solid annual performance in 2017; opens 28 hotels and adds 24 more to its pipeline
- Airbnb adds hotels in an attempt to reach more than one billion annual guests by 2028
Marriott International releases Q1FY2018 hotel development update for Australia Pacific region
Marriott International released (23-Feb-2018) its Q1FY2018 hotel development update for Australia Pacific region. Marriott International senior director of development Australia, New Zealand and Pacific Richard Crawford said: “2017 was a year of great advancement for our local team, establishing a new development presence in Sydney and signing a record 1,780 new hotel rooms in the region. 2018 will be a year of similar growth, with favourable market conditions continuing to energise the hotel investment community.” Key highlights include:
- The Westin Perth – Expected Q2FY2018;
- The Tasman: A luxury collection hotel – Expected Q2FY2019;
- W Melbourne – Expected Q1FY2020;
- The Westin Darwin – Expected Q2FY2020;
- Four Points by Sheraton Auckland – Expected Q2FY2018.
AccorHotels’ strong increase in 2017 earnings driven by robust business and very dynamic development
AccorHotels has reported consolidated 2017 revenue amounted to EUR1,937 million, up 7.9% at constant scope of consolidation and exchange rates (like-for-like) and 17.7% as reported compared with 2016. The difference between the like-for-like and reported changes stems primarily from the consolidation of FRHI and from the new businesses. Hotel services reported business volume of EUR17.9 billion, up 19% (at constant exchange rates), and revenue of EUR1,746 million, up 14.6% as reported and 5.1% like-for-like. This robust growth, according to the hotel group, reflects sustained business in key regions, namely Asia-Pacific (+7.7%), Europe (+7.2%), France & Switzerland (+2.5%), but also North America, Central America & the Caribbean (+5.2%) and the Middle East & Africa (+2.7%). The only region to post a decline was South America (-3.3%). Across its portfolio revenue per available room (RevPAR) was up +4.7%. Organic development reached new record levels in 2017 during which AccorHotels opened 264 new hotels, representing more than 40,802 rooms: it has a pipeline of 874 hotels and 161,000 rooms. New businesses (concierge services, luxury home rentals, private sales of luxury hotels and stays, and digital services for independent hotels) recorded like-for-like revenue growth of 6.9% to EUR100 million in the 12 months to Dec-2017, compared with EUR44 million in 2016. Revenue derived from the Group’s hotel assets also grew by 7.0% like-for-like. This good performance nevertheless masks a contrasting situation between Central Europe, which remains very buoyant, and Brazil, where the situation is still challenging.
Rezidor Hotel Group delivers solid annual performance in 2017; opens 28 hotels and adds 24 more to its pipeline
The Rezidor Hotel Group maintained strong portfolio growth throughout 2017, adding 24 new hotels with more than 7,400 rooms to its pipeline as it continued its expansion in emerging markets, notably in Africa and the Middle East, while slowly adjusting its strategy by adding new hotels in key European gateway cities. In the year, Rezidor opened 28 hotels with more than 5,000 rooms. Notable openings of last year included Radisson RED in Cape Town, the Park Inn by Radisson property at Brussels Airport and four new Radisson Blu properties in Saudi Arabia and Dubai. “Our 5-year plan focuses on organic growth that is balanced between emerging and mature markets, the launch of our new brand architecture, a shift from asset-light to asset-right in our business model and a promise to become more relevant to our owners,” says Elie Younes, executive vice president and chief development officer at the Rezidor Hotel Group. The company reported report solid full year results, growing like-for-like revenue EUR 38.3 million (4.0%), supported by a RevPAR growth of +4.8%, driven by the strong performance in Eastern Europe and the good development in Western Europe and the Nordics.
Airbnb adds hotels in an attempt to reach more than one billion annual guests by 2028
Airbnb unveiled (22-Feb-2018) a new roadmap for its core Homes business designed to increase its annual guests to more than one billion by 2028. The roadmap includes:
- Four new property types – Vacation Home, Unique, B&B and Boutiques (in addition to existing Entire Home, Private Room and Shared Space);
- New tiers – Airbnb Plus and Beyond by Airbnb;
- Airbnb Collections – homes perfectly suited to every occasion;
- Investing back in its community with a revamped Superhost programme and a new guest membership programme launching later in 2018.