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11th Survey by hospitalityInside INVESTMENT BAROMETER and Union Investment

A boom that makes nervous

Augsburg/Hamburg (September 13, 2019). 1.4 billion people travelled last year, more than ever before. Tourism is booming. This generates joy and a desire to expand among hotel chains, but also intensifies competition and makes investors nervous. What is your opinion? Take part in our online survey now or at the Expo Real stand in three weeks...

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HospitalityInside Update for Expo Real 2019

Munich/Augsburg (August 30, 2019). Despite the summer holidays, many are already pulling out their diaries in preparation for Expo Real in October (7-10 October 2019). To make planning easier, here's an update of the HospitalityInside activities: The joint stand continues to grow, the networking event "Bricks & Brains" will take place on a different day – and we also take an initial look at the programme for the hotel conference.

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Editorial: The dreaded look behind the scenes

Dear Insiders,
Premier Inn is pushing forward. The aim: 300 hotels in Germany, and that as fast as possible. The Whitbread subsidiary intends to give Accor with its 380 hotels, and most probably others too, something to fear. A new head in the company has fixed the new strategy: "Mixed use is my thing," says Dr Michael Hartung, a professional from the construction and retail sector. He also wants partners from other sectors, not just the hotel industry. And from 2020, he will only accept partners with an affinity to BIM (Building Information Modelling). The man is also a digital whizz. Premier Inn in the fast lane?
Young entrepreneur Ritesh Argawal at Oyo also thinks outside the box, but doubts have been raised regarding his integrity as a businessman. Law enforcement in India is now on his tail for unfair practices against private hoteliers. Sarah Douag's efforts to learn more have finally been rewarded and she discovered many more details about the start-up, which doesn’t have to be feared, but should certainly be kept under observation.
We also take a closer look at the beautiful world of holiday resorts in Austria. A small elite (10%) dictates quality and secures itself 50% of added value. The remaining resort hotels are left fighting for the other 50% of turnover. Not exactly holiday idyll. Fred Fettner lets the figures speak for themselves.
Fairmas' figures on current performance in Germany's top 6 cities paint a different, less optimistic picture to that real estate professionals are seeking in new construction projects. Taking both these short articles together, it looks more like dusk than dawn.
In Italy, the industry can be pleased that investors now prefer hotel assets to any other asset class! There's movement in the market. Chinese OTAs are becoming ever stronger and are likely to put pressure on US platforms. And at Hogan Lovells Hotel Day this week in Hamburg, I was amazed at how much investors and developers are putting the stops on sustainable buildings. Most are interested only in ROI, to the exclusion of everything else.
Last but not least, today provides a foretaste of the Expo Real conference programme, which on the first day of the fair will once again offer top topics, e.g. on hospitality hybrids in the micro-city, on cut-throat competition among chains, on resorts and holiday apartments, on asset light and HR. Take a look at the conference program at www.exporeal.net under “Hospitality Industry Dialogue”. An additional panel on digitisation entitled "Real Estate as a service" will also take place on Tuesday.
And with this, we launch our online survey again today, the annual hospitalityInside INVESTMENT BAROMETER in tried and tested cooperation with Union Investment. Join us! We are interested in your opinion. Or does the apparent current boom not make you nervous? You find all details on our page 1.  Participation is open to all, now and here: Click & Go! 

Yours, Maria Pütz-Willems, Editor in Chief

 

Your opinion? maria[at]hospitalityInside.com

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