Hotel Analyst Podcast

A battle looms in alternative accommodation, as Expedia and Booking build their listings towards the scale of Airbnb, while still spending billions with Google. There's consolidation among the third party hotel managers, as they realise they need scale to drive their business forward. And the extended stay segment pushes forth once more, with the Ascott pushing its Quest brand into China, alongsid...

Accor's firing on all cylinders, but its progress is slightly hobbled by its property owning affiliate AccorInvest, which needs to sell down properties - sometimes losing Accor the operational gig. Hyatt, meanwhile, continues to judiciously deploy cash, as it chooses its own path for growth. And, as it appears finance for hotel deals is getting easier, who are the winners?

The Hilton juggernaut accelerates its growth, leading the pack with NUG. Wyndham looks to ancillary income growth, after reorganising its tech stack. At Pandox, the deals stalemate is over, as it buys in London and Edinburgh, with more to come. While Dalata has set out its plans for European growth.

The mood of the market is lifting, as investor optimism rises - and, barring international tensions, local economic conditions are looking benign for the hotel sector. Technology remains a complex, yet valuable support for the hotel sector - but what impact will AI have on the big players? And Indian group Oyo confuses us once more with another cross-court volley - this time buying US economy hote...

More and more conversions are making their way into hotel brand pipelines. While converting other hotels to your brand is easy, converting from offices can be much harder. Why investors are liking the look of adjacent spaces of buildings with beds, notably build to rent in the UK. And the power of events, both sporting and entertainment, to drive hotel performance.

A refinancing at PPHE points to the end of cheap debt - but what is the right long term level for interest rates? In the US, regulators are bearing down on the airlines and loyalty programmes. Such attention can often be unwelcome...And the latest moves in Greece and Indonesia, as well visited tourist destinations work out how to manage the perceived curse of over tourism.

Holiday packages are becoming more popular once more, and that could put renewed pressure on hoteliers, as TUI and its peers increase their market power. The investment market is starting to warm up, with Pandox clocking up two acquisitions as sellers and buyers come to agreement on pricing. And more of Blackstone's private equity funds are heading into not just hotels, but hotel tech, as they acq...

On the ropes aparthotel group Sonder finds a lifeline in a deal with Marriott - will this help it to profit? And Hyatt joins the big league with a lifestyle division, as it buys the Standard International brands and, with them, the creative team behind them. Plus, normalisation is here as hotel groups face a quarter of softening demand, and therefore the graphs start to slip downward. But as ever,...

It’s second quarter results season, so we mull over the results - weaker in China and the US, holding up elsewhere. Plus, how the different CEOs presented their outlooks, as many trimmed their expectations for the full year. Who has the best momentum? And, we told you so, business travel continues to improve in volume, returning close to pre-pandemic levels.

We run through some winners and losers in the current marketplace, and ponder the demise of Selina - where are the digital nomads? There’s something not quite right about the finance markets, as private debt outperforms private equity. And branded residences may be a small niche, but they are a fast growing market that hotel brands seem to love.

One PE house sells Village Hotels to another PE house - what next for the vertically integrated UK chain, and was the deal more about redemptions and investment needs, than either party getting a great deal? Barcelona has called time on short term rentals, aiming to restrict further tourism growth in the city. What's the solution to over tourism? And Hyatt discovers a new conversion brand, wrested...

Reflections from the Operational Real Estate Festival, held at the end of June 2024, which acknowledged the growing interest from investors in businesses linking a property element with the business that goes on inside that property. Capital is waiting to deploy, but the event heard there is still plenty of uncertainty, tempering the pace of deployment. And some thoughts on the UK and French elect...

Budget UK hotels saw a plateau in the first quarter, but remain confident for the rest of the year - but is it time for Whitbread to franchise Premier Inn? The SPACS Sonder, Soho House and Selina are all taking tough action to improve profitability, as investors wait....And the enigma that is Orient Express, as it takes investment from luxury goods group LVMH.

Whether you're feeling more rock and roll, or looking for a family friendly feel, can you find a hostel brand to suit you? Deal volume is rising with Eurazeo selling, Fattal and HR Group acquiring - signalling we must now be past the bottom of the market. But there's still little clear distress. And more Indian hotel groups are tapping the country's stock market - so is India the new China?

Selling experiences is a tough gig, and few are making money at it - but there's value in keeping guests entertained and engaged. Corporate travel is back, and still coming back, though online meetings have clipped the ultimate level of demand. Hotel companies are pushing into flexible offices - so how can they make that move a convincing offer?

The deal landscape is improving, with investors now getting used to the cost and tighter availability of debt - and some big deals coming to completion. How hospitality is still being ignored as officials look at how to reinvigorate urban centres in the UK. And frustration as European regulators look to bridle the digital giants, and its seems their latest moves have backfired and are damaging com...

Straddling different accommodation asset classes, and running a hybrid business, can be tough. Never mind finding the right audiences, there are investors to educate too. Contrasting first quarter fortunes at Choice and Hyatt; with Hyatt continuing its not quite asset-light approach. And as the world travels once more, the issue of over tourism is becoming a big political issue. There are bad, and...

IHG and Marriott look to grow conversions in their pipeline. IHG has cut its system fund charges, to enhance its attractiveness, as Marriott teases a new midscale brand designed specifically to encourage conversion signings. Spanish investor Azora has accelerated its long planned push in to hostels - who else will be challenging them in the market? And as there are signs of the hotel investment ma...

A record set of results from Whitbread came along with more details on how it will optimise its restaurants and bars. Being vertically integrated has its benefits, but also growth challenges. Hilton and Wyndham are both looking to new brand additions for growth, as performance in their home US market flattens off. And all is quiet, calm and seemingly unaffected by geopolitical upheaval, for Scandi...

Thoughts from this year’s IHIF in Berlin, where the transaction market looks on, becalmed, as the brands and operators enjoy better times. Wyndham and Hilton buy new brands, broadening their offer - but who do the brands really serve? And while SPACs have not been a source of great riches for many hospitality businesses, market listings remain in favour, as far as Hotel101 and Motel One are concer...

As B&B Hotels and CitizenM potentially come to market, who will be in the mood to spend billions buying these brands, and grow them to the next level? Travelodge now looks to be changing its business model, with owners of the operating business backing a linked property company and buying a portfolio of Travelodge hotels. And Africa is seeing the hotel brands renew their march after the pandemic -...

As delegates at MIPIM get over the most recent shocks to hit property markets, there comes a growing realisation that active asset management is increasingly essential, to add value in operational real estate. Student accommodation providers are looking to adjacent spaces to learn operational lessons, and seek growth opportunities. And China's big property conglomerates are under pressure financia...

Deals off, deals on - as Choice abandons its plan to take over Wyndham, Barry Sternlicht reveals plans to launch a SPAC which will own a mix of US and European hotels, previously held by Starwood Capital. Saudi Arabia has hit a key milestone in expanding its tourism sector - and is making impressive progress. And in Europe, airlines and package groups are offering greater flexibility to keep up wi...

The extended stay niche was fastest to recover after the pandemic - and now they’re first to see performance level off, and face the economic headwinds out there. Worries continue over refinancing and the wall of debt the hotel sector faces - will it lead to distress and deals? And Greece has undergone an economic transformation, now its tourism market and hotels too are undergoing major change to...

More new hotel brands are coming - are they any good for consumers, and will there be a fallout? Tourist taxes are being ramped up, as destinations use them to generate an income, in the name of moderating peak demand from visitors. And as Spain looks forward to a strong 2024, Asian markets are now enjoying strong tailwinds.