b.courtin - 10 Minutes News for Hoteliers - Page 5

Prism to List on Bombay Stock Exchange by Year-End, Secures $150 Million Pre-IPO; Reports €650M Revenue

💰 Prism, OYO's parent company, is set to list on the Bombay Stock Exchange by year-end, having raised $150 million through a pre-IPO placement. Founder Ritesh Agarwal and SoftBank hold two-thirds of the company. In fiscal 2025/2026, Prism reported €650 million in revenue and €70 million in profit. It ranks as the sixth-largest global hotel group, operating 32,750 hotels with 950,000 rooms. The US market, led by G6 Hospitality, significantly boosts profitability.

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2 min

Accor and H World Partner to Enable 430 Million Loyalty Members to Book Across Nearly Two Million Rooms

📈 Accor and H World are collaborating through targeted interoperability, not merging their ecosystems. ALL Accor and H Rewards have a combined membership of 430 million. Accor's premium brands in China will open to H Rewards, while H World hotels in Europe and the Middle East will be available to Accor members. This aims to boost direct bookings over OTAs, benefiting from nearly two million rooms globally. The partnership leverages Accor's global reach and H World's 13,000 Chinese hotels.

Meininger Hotels Plans to Expand to 50 Properties by 2030, Focusing on Southern and Eastern Europe

🏨 In the past financial year, Meininger Hotels achieved 4.6 million room nights, an increase of nearly 2%, with an 80% occupancy rate and over €200 million in revenue. With 37 hybrid hotels across 27 European cities, the company aims for 50 hotels by 2030, focusing on Southern and Eastern Europe. Recent openings include Barcelona in June; planned expansions are set for Edinburgh, Tel Aviv, and more by 2028. Environmental initiatives and digitalization are also key strategic focuses.

Beige market building with neon blue-outlined '5' signs and the word 'MARKET' on the facade; a flagpole with an American flag atop the roof, framed by bare tree branches against a pale blue sky.

2 min

Upscale Hotel Segment Leads Growth with RevPAR Up 3.43% in May, While Economy Segments Face Decline

📈 Upscale hotels show RevPAR growth of +3.43% in May (€253.99), spurred by 76.36% occupancy and €332.62 average rate. Economy hotels remain flat, with RevPAR at €60.00 (+0.50%). In France, Île-de-France leads with a RevPAR increase of +4.32% (€70.40), while Corsica excels at +6.59% (€118.93). Paris sees a RevPAR of €203.51 (+3.45%). The Province lags with +0.86% growth, highlighting a demand shift towards upscale accommodations.

Turquoise pool at a tropical resort, surrounded by palm trees, thatched-roof bungalows, loungers, and distant mountains.

1 min

Marriott, Accor, and Hyatt Lead International Hotel Presence in Spain with 106,873 Rooms Across 700 Hotels

🏨 Marriott International leads the international hotel scene in Spain, with over 120 foreign brands, 700 hotels, and 106,873 rooms. The top ten chains account for 80.4% of hotels and 78.3% of rooms. B&B Hotels, notable with 63 hotels and over 6,100 rooms, dominates by property count, while Pierre & Vacances has 5,600 apartments. Multi-brand groups, though only 15 of 45 analyzed, control 69.9% of hotels and 72.2% of rooms.

Dynamic Pricing and Segmentation Critical for Effective Resort Revenue Management Amid Complex Demand Factors

🏠 Resorts face complex revenue management challenges, influenced by guest types, seasonality, and distribution strategies. Traditional pricing metrics, like nightly rates, fall short in assessing total guest value. Per-person pricing and dynamic supplements are vital, but many resorts lack the technology to manage these effectively, relying on manual updates across systems. Enhanced forecasting and segmentation can improve profitability and decision-making, focusing on total guest value rather than occupancy or ADR alone.

2 min

Azureva Expands B2B Network, Adding 300 Partner Agencies in France Under New Head Germain Dheilly

🗺️ Germain Dheilly joins Azureva, a French tourism operator, to lead New B2B Client Acquisition, aiming to expand indirect distribution. Within months, 300 travel agencies, including Prêt à Partir, joined Azureva's network. Dheilly's 30-year tourism career, including roles at Odalys and GfK, equips him to boost Azureva’s growth by enhancing its professional partner network and targeting works councils (CSE) for broader reach across French destinations.

2 min

BNP Paribas AM Alts Appoints Karim Malak to Lead The Boost Society, Targeting €3 Billion Assets in 5 Years

💸 BNP Paribas Asset Management Alts, overseeing €300 billion, appoints Karim Malak to lead The Boost Society, targeting student housing and young professionals. With experience from BCG, Accenture, Adagio Aparthotels, and easyHotel, Malak aims to grow assets to €3 billion within five years. The platform merges hospitality with coliving, focusing on France and Spain. Malak's track record in European business expansion aligns with plans to establish a leading European student real estate platform.

2 min

Louvre Hotels Group Appoints Florian Aubin as CFO to Drive Financial Transformation and Strategic Growth Plans

📈 Florian Aubin appointed CFO of Louvre Hotels Group, reporting to CEO Eduardo Bosch. This group manages 1,750+ hotels in 70 countries, including brands like Première Classe and Kyriad. Aubin is tasked with advancing the five-year strategic plan launched in December 2023, focusing on sustainable growth and financial transformation. He brings over two decades of experience, including roles at PwC and Atalian Group. Louvre Hotels Group is a subsidiary of Jin Jiang International Holdings, the world's second-largest hotel group.

2 min

IHCL Targets 32,000 New Keys by 2027 Amid Asset-Light Expansion and 20% Growth in Management Fees

📋 IHCL CEO Puneet Chhatwal expects a year-long recovery for Taj Dubai hotels post-Iran-US conflict. Middle East expansion may exceed the planned five-year timeframe for 20 hotels. Despite this, IHCL's India operations thrive with 12-14% growth and a two-thirds RevPAR increase. The asset-light strategy boosts management fees by 20%, targeting €90 million. The Accelerate 2030 plan aims for 700 hotels and 32,000 keys in four years, with 30 openings in 2024 and 50 in 2026.

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