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Luke Martin

17 posts
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  • 1 min

Room00 to Invest Up to €420 Million in 2026, Adding 20 Properties Across Southern Europe and London

  • Luke Martin
  • 18 March 2026
🏨 Room00 plans to invest €330-420 million ($380-484 million) in 2026 to expand in Southern Europe and enter London. This investment will add 20 properties and over 1,400 rooms in Spain, Portugal, Italy, and the UK. Previously, Room00 secured €400 million ($461 million) for buying properties. By 2027, the hotel operator aims to grow from 65 to about 100 properties, according to CEO Ignacio Requena and CIO Kaho Ha.
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UK Hotel Market Recovers in Second Half of 2025, Despite London Underperformance and Profit Pressures

  • Luke Martin
  • 16 March 2026
🏨 The UK hotel market saw a recovery in H2 2025 despite a challenging start. London lagged, with hotel profits under pressure. Cristina Balekjian from CoStar Group noted a stable year with a significant split between the difficult first half and a modest recovery in the second half, driven by summer demand and major events. Consumer and business confidence were low early on due to cost-of-living issues and post-pandemic travel caution.
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Marriott CEO Reports Middle East Travel Demand Softens Amid Iran Conflict, Impact Limited to Region So Far

  • Luke Martin
  • 12 March 2026
🛠 Marriott International's CEO, Anthony Capuano, addressed travel disruptions in the Middle East due to the Iran war at a JPMorgan investor conference on Thursday. The war has led to cancellations and weaker bookings, but the impact is so far contained to the region. Marriott's Middle East presence includes 4% of its global room inventory and 7% of its development pipeline. Despite potential risks, Europe remains unaffected for now.
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Hilton Unveils Beta Version of AI Trip Planning Tool on Website for Early Stage Trip Planning

  • Luke Martin
  • 10 March 2026
💻 Hilton has launched a beta version of an AI trip planning feature on its website, Hilton.com, allowing users to describe their trips with conversational prompts and receive curated suggestions from Hilton’s portfolio. This “generative AI-powered digital concierge” can highlight amenities and guide travelers through early trip planning. The feature will be initially available to a limited audience as hotel companies rethink how travelers search for and discover properties online.
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Accor Executive Warns Against Over-reliance on AI, Emphasizes Human Connection in Hospitality

  • Luke Martin
  • 4 March 2026
📈 On Wednesday at ITB Berlin, Karelle Lamouche, a top executive at Accor, emphasized the risks of over-relying on AI in the hotel sector. She warned that AI could undermine the industry's essential human connection, which is crucial for benefiting hotel owners and enhancing guest experiences. This highlights a growing concern in the hospitality industry about balancing technology with personal interactions.
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UK Competition Authority Investigates Marriott, Hilton, IHG for Alleged Data Sharing via STR Tool

  • Luke Martin
  • 2 March 2026
💰 Marriott, Hilton, IHG, and CoStar are under investigation by the UK's Competition and Markets Authority (CMA) for allegedly exchanging sensitive pricing and commercial data. The inquiry focuses on their use of STR, a hotel data analytics tool owned by CoStar. The CMA is evaluating if this information sharing violated competitive practices.
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Meliá’s Upmarket Bet Pays Off in Spain. Cuba Is Another Story

  • Luke Martin
  • 26 February 2026
🏨 Meliá Hotels saw a 23.6% increase in net profit, surpassing €200 million in 2025. The company expects 2026 revenue per available room (RevPAR) to grow in the low- to mid-single-digit range. Spain is key, generating approximately 49% of its operating profit. The strategy focuses on higher rates and a premium brand mix, with partnerships over real estate investments. The company's performance in Cuba demonstrates sensitivity to external shocks.
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