Hotel & Economy
The economy is rising! Thus, Hospitality management. And that is reflected in the economic reports. Prices of hotel rooms have risen and hotel chains want to invest heavily. The current state of affairs can be found at www.hospitality-management.nl.
The Dutch Hotel Market is rising. ABN Amro expects the hotel industry revenue to rise by 3 percent in 2017. This is partly due to higher room prices. In addition, the sharp increase in hotel guests causes a lot of interest in building new hotels. According to the bank, prices for overnight stays in a hotel will increase. By 2016, an overnight stay for the consumer was already eight percent more expensive than the year before. In the past 20 years, the price for overnight stays did not rise as hard as last year.
Amsterdam is fourth in the Hotel Investment Attractivenes Index of Colliers International. This index is an analysis of the investment climate for hotels in 20 European cities. Thanks to the growing number of tourists, the high occupancy rate and the average price per night, Amsterdam became the fourth hotspot in Europe. Paris is ranked first, despite predictions that investors and tourists would lose faith in the city through political uncertainty and perceived threat. According to the initiators of the list, the city is first and foremost due to high demand, strong hotel performance and high investment returns. London and Barcelona complete the top three.
Dutch travelers paid a little more for five-star hotels last year. Prices rose by 1.5 percent. This is shown by a review of Hotels.com. Shooters were Curaçao and Chiang Mai (Thailand), where prices rose by more than one hundred percent. For hotels in Mallorca and in Seville, 2016 was also paid more. The prices of four star hotels remained the same as those of 2015.
The InterContinental Amstel Amsterdam has begun a thorough restoration. This coincides with the 150th anniversary of the iconic hotel. During restoration, the exterior is restored in old condition. The façade and roof with all ornaments will be fully restored, leaving back on the historic color palette. Ornaments and balustrades that have been damaged or disappeared over the years are reduced. Also, eight lions, who once guarded the corners of the building, were restored to their original place.
Fletcher Hotels has acquired six hotels of Princess Hotel Collection on 6 March. It concerns both the operation and the real estate of Hotel Amersfoort, Hotel Loosdrecht-Amsterdam, Hotel Epe-Zwolle, Hotel Beekbergen-Apeldoorn, Hotel de Wipselberg and Hotel Victoria. The staff of the hotels and the headquarters will switch to Fletcher. Due to the acquisition, the Fletcher Group now consists of 81 hotels.
The Bangkok-based Dusit International wants to grow. The hotel operator is from 29 properties in 8 countries to 69 properties in 20 countries. In major markets such as China, Southeast Asia and the Middle East, the presence is expanding, but also in new markets like Turkey, Australia and Africa, hotels are opened.
Hotel chain Hilton has announced that it has passed 100,000 rooms in Europe, Middle East and Africa. The hotel group expects another 40,000 to be added in this region over the next three years. These must be in particular of five new brands that launched the hotel group. Recently in Madrid, the hundredth place was opened by DoubleTree by Hilton. Last year in Reykjavik, Iceland opened the first Canopy by Hilton. It is planned that the number of hotels by Hampton by Hilton and Hilton Garden Inn Hotels doubles over the next three years.
For the first time in eight years, NH Hotel Group has made a profit. The net profit in 2016 was 11.5 million euros. This is evidenced by annual figures presented by the company. In 2015, the hotel chain suffered another loss of 2.7 million euros. Revenues rose 5.7 percent last year to 1.56 billion euros. Revenue per available room climbed 5.8 percent to 62 euros. According to NH Hotel Group, the Dutch market performed very well last year. The keywords do not provide specific details about this. However, the Benelux saw a 2.5 percent growth in turnover. NH Hotel Group notes that the Belgian market dropped last year by the terrorist attacks in Brussels. This was compensated according to the hotel chain by a positive momentum in the Netherlands.
AccorHotels is busy expanding the luxury segment. The French hotel company has announced a collaboration with Rixos Hotels. This cooperation has the primary focus of developing global activities in the resorts segment. Within the structure of the long-term joint venture, the joint goal is to further develop the Rixos, hotels and resorts brand. AccorHotels further announced that the company is negotiating to take over Travel Keys. Travel Keys is one of the largest players in the Private Vacation Rental Market and offers over 5,000 luxury accommodations spread across more than 100 different locations. With the acquisition, Accor Hotels can offer a unique offer of 8500 Luxury Private Rentals.
Source: Hospitality management edition April 2017