b.courtin1 - 10 Minutes News for Hoteliers - Page 3

Interview with Gilles Cretallaz, CEO of Dusit International

🏠 Over three years ago, Dusit International appointed a new CEO, surprising many. The CEO oversees expansion, focusing on Europe with projects in Greece and France and regions like India, China, and the Middle East. The goal is 100 properties globally. Dusit Thani hotel opened in Bangkok's Dusit Central Park, a $1.5 billion project. Dusit targets a 15-20% annual RevPAR growth. The "Tree of Life" program promotes sustainability, and their entry into France is set for 2026.

2 min

With Aman at Sea, a new luxury hospitality group sets sail

🚀 2027, Mediterranean: Aman Resorts is launching Aman at Sea with the flagship vessel, Amangati. Designed by Sinot Yacht Architecture & Design, the 183-meter yacht accommodates 94 guests in 47 suites, each with a private terrace and dedicated butler. The ship features a Japanese restaurant, Mediterranean dining, a grill, a jazz club, and a spa. Inspired by Japanese ryokans, the interiors offer tranquility and luxury. Available for private hire, the first voyage explores unique Mediterranean ports.

2 min

A definitive blow threatens more than a million seasonal rentals in Spain

🏠 In January 2025, Spain passed Real Decreto 13212/2024, requiring short-term rental landlords to register for a unique identification number (NRUA) by July 1. As of July 15, 87% of listings lack this number, risking removal. Non-compliance fines can reach €500,000. Localities like Malaga and Barcelona have imposed stricter measures, including moratoriums on new licenses and potential rent caps. Platforms must comply or adjust listings within 48 hours. Co-ownership associations now require 60% consent for rentals.

2 min

Barbara Muckermann, Group CEO Kempinksi, to Chair the 25th Hospitality Awards Ceremony

🏨 Barbara Muckermann leads the world's oldest luxury hotel brand, steering it through growth with a focus on its 125-year legacy. Her strategy leverages European roots, expanding in Asia and the Middle East. In partnership with BTG Homeinns, the brand aims to exceed 100 properties. Muckermann's leadership in ultra-luxury cruising fuels Kempinski's transformation, exemplifying hospitality's evolution. Join the 25th Hospitality Awards on November 25 at InterContinental Paris Le Grand.

3 min

Is it the end of suites in luxury hotels? Wealthy customers are turning away from them

🏡 Wealthy Americans are opting for private holiday homes over luxury hotels, driven by privacy and space. The global holiday rental market is projected to reach $125 billion by 2029, with intense competition from fractional ownership models. Exclusive Resorts, owned by Steve Case, boasts a billion-dollar portfolio of 400+ residences. It recently acquired a majority stake in Onefinestay, expanding its reach. The trend favors personalized experiences, drawing high-net-worth clients seeking exclusivity and customization.

1 min

Minor Hotels Europe & Americas to delist from the stock exchange by the first half of 2025

💸 Minor Hotels Group, 2023, acquired a 4.1% stake in Minor Hotels Europe & Americas. CEO Dillip Rajakarier noted this delisting will enhance agility and growth potential. MHE&A's half-year results showed €1.2 billion revenue, up 5%, a 6% RevPAR increase, and €317 million EBITDA. Net profit rose 58% to €112 million, with €26 million from asset sales. Debt reduced to €114 million after a €400 million bond repayment.

2 min

Despite a troubled environment, business travel hits a new record high

💰 In 2025, global business travel spending is projected to hit $1,570 billion, growing 6.6% yearly. The GBTA forecasts an 8.1% growth in 2026, with spending reaching $2,000 billion by 2029. By 2025, the top 15 markets will account for $1,310 billion, with the U.S. leading at $395.4 billion. The average trip budget is now $1,128, and mobile wallet adoption is at 64%. Trade tensions and economic uncertainties create challenges.

Agnès Roquefort : « Continued diversification is absolutely on the agenda »

📅 Accor aims to expand its luxury and lifestyle (L&L) sector, announcing plans to open over 100 such hotels in the next two years. Currently, Accor holds 370+ luxury and 180+ lifestyle hotels globally. The L&L division's RevPAR increased by 8.3% compared to Q1 2024. With a focus on sustainable luxury, Accor is strategically expanding in Asia and North America, and recently launched Raffles Jaipur and Fairmont Mumbai in India.

5 min

Camil Yazbeck: “We have no intention of resting on our laurels”

📍 Premium hotel signings increased by 150% since 2019, with over 500 hotels globally. Accor plans 250 future premium openings, adding 53,000 rooms. Pullman's network will expand by 50% in four years, focusing on China, India, and Indonesia. TRIBE brand has 20 hotels, with 40 more in development. Accor owns over 300 extended-stay properties. Aims for 300 hotels in India by 2030. Acquired 17 contracts in the Americas, converting them to various brands like Swissôtel and Mercure.

2 min

Dusit International to gain a foothold in France through its partnership with Sydel

📍 Dusit International, a 75-year-old Thai institution with 300+ establishments in 22 countries, recently expanded to Europe. CEO Suphajee Suthumpun and Gilles Cretallaz aim to introduce Dusit hotels in Germany, Austria, and France. Three prospective projects in France are in negotiation. A cooperation agreement was signed on July 10, 2025. Sydel, led by David Elgrably, aids in asset identification, leveraging its hotel real estate expertise. 📍

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