l.sangare - 10 Minutes News for Hoteliers - Page 2

IHG Reports 5.3% Global RevPAR Increase in Q3 2026, Opens 92 Hotels and Signs 164 Deals

📈 IHG reported a 5.3% RevPAR increase globally in Q3 2026, with a 3.9% rise in average daily rates and a 0.9 point increase in occupancy. The Americas led with a 6.8% RevPAR growth. EMEAA saw 5% growth, with 75.5% occupancy. IHG opened 92 hotels and signed 164 in Q3. The portfolio now includes 7,186 hotels. Share buybacks total $707 million of a $950 million plan, aiming for $1.2 billion returns to shareholders in 2026.

2 min

Raffles The Red Sea Opens 168-Key Resort on Shura Island, Featuring Villas by Foster + Partners

🏖 The Raffles The Red Sea resort features 168 accommodations, including 121 rooms, 14 suites, and 33 villas, located on Shura Island. Designed by Foster + Partners with interiors by ACPV Architects, the resort offers five dining venues and a spa. Situated near Red Sea International Airport, it represents a strategic development for Accor, which includes brands like Fairmont and SLS. John Pagano, CEO of Red Sea Global, highlights the resort's role in enhancing The Red Sea destination's appeal.

3 min

Pandox Sells Seven Hotels in Denmark and Sweden for €185.1 Million, Plans to Reduce Debt

💵 Pandox CEO Liia Nõu announced hotel sales in Denmark and Sweden on 22 October 2026. Five Danish hotels with 928 rooms are sold for 1,155 million DKK (€152 million) and two Swedish hotels with 320 rooms for 369 million SEK (€33.1 million), totaling around 2.1 billion SEK. The annual net operating income is 130 million SEK with a 6.2% yield. Transactions will complete by Q4 2026. Pandox retains three hotels in central Copenhagen.

2 min

Accor Partners with Banreservas and Investors to Create 9,000 Jobs and Expand Tourism in Dominican Republic

📈 Banreservas, a Dominican state bank, partners with Accor and both Dominican and international investors, retaining local assets while expanding Accor's brands and loyalty program. The agreement, signed during Dominican Republic Week in France, promises up to 9,000 jobs and aims to broaden tourism beyond Punta Cana. Key participants included Dominican Republic officials Eduardo Sanz Lovatón, Daniel Peña, and Ambassador David Puig. The project portfolio includes signed contracts and MoUs, with major developments in Cabo Engaño.

1 min

Evok Collection Appoints Francesca Tozzi as General Manager for Brach Roma, Opening in 2027

🏨 Francesca Tozzi, appointed as general manager of Brach Roma by Evok Collection, effective October 1, 2026. She will spearhead the hotel’s opening in Rome in 2027 and manage pre-opening stages. Tozzi has 25+ years of experience, notably leading the pre-opening and launch of Six Senses Rome in 2023. Previously, she managed the Capri Tiberio Palace and others. Brach Roma follows Paris and Madrid, marking Brach's continued international expansion.

2 min

Saudi Arabia's HIE Scheme to Add Over 3,000 Hotel Rooms by 2034, Boosting Tourism Investment Opportunities

🏨 Al-Baha, Al-Ahsa, Jeddah, Asir, and the Eastern Province; over 3,000 hotel rooms will be added by 2030-2034. The HIE scheme reduces operating costs to attract private investment, involving companies like BSF Capital and Jenan. Saudi Arabia received 123 million tourists in 2025, with Red Sea Global limiting visitors to preserve ecosystems. By 2030, these projects will contribute 2.4 billion riyals annually to GDP and generate 5.3 billion riyals in local content. First project opens in 2026.

2 min

Dorchester Collection Appoints Richard Cooke as General Manager of Hotel Bel-Air Starting January 1, 2027

🗽 Dorchester Collection appointed Richard Cooke as general manager of Hotel Bel-Air, Los Angeles, effective 1 January 2027. Richard Cooke, previously managing director at Rocco Forte Hotels for the UK and Northern Europe, brings over 30 years of luxury hospitality experience. Hotel Bel-Air, opened in 1946, sits on 12 hectares in Bel-Air canyons, featuring 103 rooms and a Michelin-rated restaurant. The hotel was recently awarded three Michelin Keys, alongside The Beverly Hills Hotel.

2 min

Céline Dion's Concerts in Paris Generate Over €700 Million Economic Impact, Boosting Hotel and Transportation Revenue

🎤 From 12 September to 17 October, Céline Dion’s concerts in Île-de-France attracted nearly 500,000 fans, generating over €700 million in economic impact. Ticket sales (€75 million) were outpaced by spending on hotels (€105 million) and other services (€244 million). Concert-related hotel revenue in La Défense soared by 33.9%, driven by a 31.2% price increase. Across Île-de-France, revenue rose by 13.2% on concert nights. September's existing high activity includes trade shows, Fashion Week, and the Pope’s visit.

Minor Hotels to Open 38-Key Property in Rabat's Diplomatic District Amid Moroccan Tourism Growth

🏨 In Rabat's diplomatic district, a new 38-key hotel featuring rooms, suites, and villas is set to open. The hotel will include a signature restaurant, Moroccan tea room, pool, meeting rooms, Anantara Spa, and fitness room. Minor International's William Heinecke targets Morocco's growing market, noting a 7% rise in international arrivals in early 2026 and new air routes to Rabat. This aligns with Morocco's appeal for hotel expansion, including projects by Delano Marrakech and Nikki Beach Resort.

Airbnb Implements 15.5% Fee on Hosts in France, Extending Across EEA and Switzerland by October 13

💸 Since Tuesday, Airbnb has applied a host-only fee of around 15.5% in France, replacing the previous split model where hosts paid 3% and travellers 14-16%. By 13 October, this applies across the European Economic Area and Switzerland. Hosts previously receiving €97 from a €100 listing now get €84.50; they must charge €115 to maintain net earnings. The change affects taxable income, with implications for those under the micro-BIC regime.

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