The Blue Swan Daily brings you a round up of some of the latest hotel news from across Europe, Middle East and Africa.
- AccorHotels completes acquisition of Mövenpick Hotels & Resorts
- Strong demand helps fuel profitable returns for European hotels
- Hyatt announces plans for second Hyatt House hotel in Frankfurt
- Autograph Collection Hotels debuts In Turkey with opening of Sofa Hotel Istanbul
- Middle East and Africa hotel performance update for Jul-2018
- Flughafen Wien AG seeking interest for construction and operation of new 400 room airport hotel
- Hampton by Hilton Dubai Airport officially inaugurates operations
AccorHotels completes acquisition of Mövenpick Hotels & Resorts
AccorHotels has closed its acquisition of Mövenpick Hotels & Resorts in a CHF560 million (EUR482 million) deal that will complement its existing property portfolio while consolidating the upscale segment of the industry. The addition of Mövenpick’s existing network and signed pipeline reinforces AccorHotels’ current footprint in Europe and Asia and accelerates growth in such regions as Africa and notably the Middle East, where Mövenpick enjoys significant brand awareness. It currently has 84 properties with over 20,000 rooms and 42 signed pipeline hotels to be opened before December 2021.
Strong demand helps fuel profitable returns for European hotels
Hotels in Europe recorded a +16.9% year-on-year increase in profit per room in July primarily fuelled by a double-digit increase in achieved average room rate, according to the latest worldwide poll of full-service hotels from HotStats. Profit per room at hotels in Europe soared once again as the World Cup continued in Russia and strong demand from the leisure segment helped fuel increases in top-line performance across the region, it explains. Whilst GOPPAR levels in July were off the high recorded in June, they remained well ahead of the year-to-date figure at EUR62.47 per available room, and represented a second consecutive month of outstanding profit growth for hotels in the region after a shaky start to the year. The growth in profit was led by a +11.3% year-on-year increase in RevPAR, which grew to EUR143.86 and was driven by a 20th consecutive month of year-on-year growth in achieved average room rate to EUR183.20. Room occupancy was unmoved at 78.5%, according to the data.
Hyatt announces plans for second Hyatt House hotel in Frankfurt
Hyatt Hotels Corporation has announced that an affiliate has entered into a franchise agreement with HR Group for a Hyatt House hotel in Frankfurt, Germany. The hotel will be integrated into FOUR Frankfurt, a large mixed use development in the centre of the city by Groß & Partner, that will be comprised of four towers and will include residential and office facilities, as well as retail spaces and hotels. Expected to open in 2023, Hyatt House Frankfurt/City Goetheplatz will mark the second Hyatt House hotel in Frankfurt, joining Hyatt House Frankfurt/Eschborn. The Hyatt House brand is designed to offer guests a home away from home and this new property will comprise 180 guestrooms, including 86-residentially inspired upscale rooms, both one-bedroom suites and studio king guestrooms, that will feature fully-equipped kitchens, comfortable living rooms and spacious bedrooms. The remaining 94 rooms will be “upscale den guestrooms” that will feature a seating area with a couch. There are already seven Hyatt-branded hotels open in Germany, including Hyatt House Düsseldorf/Andreas Quarter, Hyatt Regency Düsseldorf, Hyatt Place Frankfurt Airport, Park Hyatt Hamburg, Grand Hyatt Berlin, Hyatt Regency Cologne, and Hyatt Regency Mainz, as well as the under construction Andaz Munich (expected to open in early 2019) and Hyatt House Frankfurt/Eschborn (expected to open in 2020).
Autograph Collection Hotels debuts In Turkey with opening of Sofa Hotel Istanbul
Marriott International’s Autograph Collection Hotels has confirmed the opening of Sofa Hotel Istanbul, a chic retreat situated in the historical heart of Turkey. Described as a distinctive collection of passionately independent hotels, the Autograph Collection brings together one-of-a-kind hotels from across the globe. The 82-room hotel, its first in Turkey, is located in Istanbul’s Nişantaşı shopping district. Five suites and a selection of premium terrace rooms have private balconies and offer more space as well as stunning city views.
Middle East and Africa hotel performance update for Jul-2018
Hotels in the Middle East reported mixed Jul-2018 performance results, while hotels in Africa posted growth across the three key performance metrics, according to latest data from benchmarking specialist STR. In the Middle East occupancy levels during the month rose +5.8% to 59.0%, but average daily rate (ADR) declined -5.8% to USD125.07 and revenue per available room (RevPAR) fell -0.3% to USD73.82. In Africa, occupancy levels grew +2.5% to 62.0% with double-digit rises in both ADR, up +11.7% to USD112.95 and RevPAR, up +14.6% to USD70.05. Notable performers across the regions were identified by STR as Jeddah, Saudi Arabia and Sharm el Sheikh, both of which recording their highest July ADR level – the latter also its highest RevPAR, up a whopping +45.4% versus the same month last year.
Flughafen Wien AG seeking interest for construction and operation of new 400 room airport hotel
Flughafen Wien AG has announced it is seeking interest from investors and operators for development of a new 400 room hotel in the immediate vicinity of Vienna International Airport. Expected passenger growth of +6% year-on-year in 2018, three carriers launching new bases and new businesses creating 2500 new jobs at the airport location underscored the need for a third hotel at Vienna Airport. The property is planned to be built near the VIP terminal, with completion expected by around 2020.
Hampton by Hilton Dubai Airport officially inaugurates operations
Hampton by Hilton Dubai Airport officially inaugurated operations last month (Aug-2018). The hotel is located near Dubai International Airport and offers 420 rooms and complimentary shuttle service to the Dubai Airport Freezone. The hotel also appointed Nayla Chowdhury as its GM. Hilton Worldwide, Arabian peninsula and Indian Ocean president Rudi Jagersbacher commented: “With Dubai’s vision of welcoming 20 million tourists annually to the emirate by 2020, diversifying its hospitality offering has become a major priority for the travel and tourism sector”.