Monthly Archives: July 2015

Strong long-term future for tourism in Moroccan city of Marrakesh although some challenges remain, says HVS report

July 27 2015, London: Despite becoming a popular destination over the past decade, the Moroccan city of Marrakesh is likely to be amongst those markets seeing a downturn in tourism as a result of terrorist attacks on neighbouring African and Middle Eastern countries. A new report from global hotel consultancy HVS on the hotel sector […]

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Eating out sees unexpected dip as squeezed middle divert their spending, says Horizons’ survey

The recovery of the Britain’s eating out sector appears to have faltered, with the penetration, frequency and spend on eating out seeing a slight year-on-year dip, according to Horizons latest Eating Out-Look survey, conducted by YouGov*. Following a slow but steady increase in the number of people eating out since the economic downturn in 2008 […]

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OTAs become ever-more powerful remaining a heavy burden on hotel profit margins

Online travel agents (OTAs) such as Priceline and Expedia have become ever-more powerful as a result of strategic acquisitions of smaller, regional players with Priceline now controlling 62% of the European market, while Expedia holds around 70% of the US market. As a result hotels that have become increasingly reliant on bookings from OTAs might […]

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Staycity announces key European cities earmarked for expansion

THE UK, France, Germany, Spain, Italy and the Nordics are target areas for expansion for leading aparthotel operator Staycity, which will operate over 2,000 apartments by the end of 2016. Speaking at today’s Serviced Apartment Summit in London, Staycity chief executive Tom Walsh said that many of the key European cities offered a healthy mix […]

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Serviced apartments gain higher profile but will continue to evolve says HVS report

Serviced apartments have gained momentum across Europe as new openings, branding activity and a number of significant transactions have raised awareness of the sector amongst guests, investors, lenders and developers, according to a new report from global hotel consultancy HVS London, a leading expert on the sector. Speaking at this week’s Serviced Apartment Summit [7-8 […]

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