Yearly Archives: 2017

Consolidation in hotel sector likely as operators face challenging year ahead

14 December 2017, London: The New Year is likely to be a challenging one for the UK’s hotel operators with flat occupancy levels and increasing overheads, despite positive global and EU economic growth. UK hotels’ average room rates should see modest growth, however. Looking ahead to 2018 leading hotel consultant Russell Kett, chairman of HVS […]

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Rising costs prove challenge to UK hotels prompting slowdown in RevPAR growth

08 November 2017, London: Some investors could become increasingly wary of hotel assets as RevPAR growth plateaus amid predictions of labour shortages and increasing costs, according to Hotel Bulletin Q3 2017 published this week by HVS, AlixPartners, STR and AM:PM. The Bulletin reports that in Q3 2017 average growth in RevPAR (rooms revenue per available […]

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Russell Kett receives Hot.E Hall of Fame Award

27 September 2017, London: Russell Kett, chairman of HVS London and long-standing commentator and consultant to the hotel industry, was today awarded the prestigious Hotel Investment Conference Europe (Hot.E) Hall of Fame Award 2017. The Award was presented at this week’s Hot.E conference being held in London, by Jim Burba, president of host organisation Burba […]

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Staycity takes Wilde concept to Edinburgh’s King’s Stables Road

Dublin-based Staycity Aparthotels has announced that its second Wilde Aparthotels by Staycity, the premium brand launched earlier this year, will be located on Edinburgh’s historic King’s Stables Road in the heart of the city centre. Inspired by 19th century Irish literary giant Oscar Wilde, Wilde Aparthotels Edinburgh will, as its centrepiece, feature an arts facility […]

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Outlook for tourism in Israel strong as three million mark within sight, says HVS report

20 July 2017, London: Israel’s hotel sector saw a relatively stable performance during 2016 with significant potential for future growth due to a rise in incoming tourism and expansion in the sharing economy, according to a new report from global hotel consultancy HVS. Despite the volatile geo-political situation in Israel and its neighbouring states, hotel […]

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Serviced apartment operators embrace growth as they dare to be different, says HVS report

12 July 2017, London: As the branded serviced apartment sector becomes increasingly crowded some operators are moving away from the original extended-stay concept by embracing short-stay guests and adding a variety of facilities to their offer, according to a new report published this week by global hotel consultancy HVS. Having surveyed the concepts and plans […]

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Staycity goes Wilde with launch of design-led brand

Staycity, one of Europe’s leading aparthotel operators, has this week announced details of its new premium brand – Wilde Aparthotels by Staycity. With the name inspired by Irish 19th century playwright Oscar Wilde to emphasise its Irish provenance, the concept will be rolled out across gateway city centre locations throughout Europe. The first will open […]

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Lord Thurso appointed Chancellor of The Wine Guild UK

The Wine Guild UK is pleased to announce the appointment of Viscount Thurso as its new Chancellor, replacing Roy Ackerman CBE, who sadly passed away last month. He will be the Guild’s 3rd Chancellor, including founder Lord Montagu of Beaulieu. Lord Thurso has a long and successful relationship with the wine and hospitality industries and […]

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Staycity Aparthotels opens in Manchester’s ‘Lazy S’

Manchester’s modernist Gateway House – also known as the ‘Lazy S’ – will open today, 8 May, as a Staycity Aparthotel, creating 50 new jobs. The building, which sits alongside Piccadilly Station, was built in the 60s as offices and retail space but has remained empty since 2010. Staycity Aparthotels has signed a 25-year lease […]

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Early trading success for Staycity’s French additions

Staycity Aparthotels’ Marseille and Lyon properties have together achieved high occupancy figures and exceeded budget expectations in their first month of trading. “We are delighted with the response we’ve had to both Lyon and Marseille,” said Staycity CEO Tom Walsh. “The early success of both these properties reinforces our commitment to further expansion in France […]

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