CSR and Sustainability

📈 Covivio's recurring profit jumped 14% after acquiring a minority stake in the CB21 building. In H1 2025, European investment volumes rose 11%, office demand stabilized, and Berlin rents climbed 5%. RevPAR for hotels in Europe increased 2.5% by May 2025. Covivio’s portfolio value hit €23.6 billion, with 98.6% of assets certified environmentally. Revenues grew to €527 million, and the 2025 profit target increased to €515 million. A €500 million Green Bond was issued in June 2025.

📑 Sophie Donabedian and Emmanuelle Tulliez, over two years, evaluated an inclusive education project involving work-study students from priority neighborhoods in partnership with academic institutions and hotels. A tour of classes in Paris, Lyon, and Marseille gathered feedback from students and 70 hotels via focus groups and questionnaires. The findings highlighted a lack of awareness about the budget hotel sector, suggesting the need for better communication about career opportunities in this field.

📍 Novaxia NEO acquired a hotel in Zaragoza, Spain's fifth-largest city, covering 2,700 square meters with a 10-year lease and 7.57% yield. The acquisition raises Spain's portfolio share to 8%. A €200,000 sustainability upgrade aims to cut 550 tons of CO₂ over 10 years. The hotel, run by Grupo VTZ Alojamientos from January 2024, offers 45 rooms and amenities near key tourist sites. This aligns with Novaxia's long-term, ESG-focused investment strategy.

🚀 Suraj Hinduja, Managing Director of RTRX, shares insights on transforming events into experiences focusing on curiosity, connection, and impact. Initially aimed at supporting cancer research, RTRX has grown into a multi-day, cross-industry event. The principle of hospitality is utilized to inspire attendees and foster meaningful interactions. Rockbridge's approach emphasizes the importance of serendipitous opportunities to encourage deeper connections. Music for the show is produced by Clay Bassford of Bespoke Sound.

🏡 In Paris, the Élysée Collection offers nine luxury apartments blending classic Haussmann-style with modern comforts, targeting mid-term rentals. A partnership between onefinestay and Herrmann Immeubles Group, these eco-friendly apartments include smart technology and 24/7 concierge services. Driven by the demand for flexible stays, this collaboration also focuses on sustainability. onefinestay expands globally, enhancing luxury accommodation options through a strategic partnership with Le Club AccorHotels, providing exclusive access to its residences.

📖 Egypt aims to boost hospitality standards through a partnership involving Glion Institute of Higher Education and Les Roches, providing partial scholarships and training to eligible EHA employees. Signed in front of Egypt's Minister of Tourism, the initiative supports the goal to attract 30 million tourists by 2031. It includes online training, certificates, and eight networking events. Sommet Education also collaborates with HSMAI and Mandarin Oriental, emphasizing global talent development.