Regulatory and Legal Affairs

📚 The Hong Kong Polytechnic University's School of Hotel and Tourism Management (SHTM) achieved the No. 1 spot in the 2026 ShanghaiRanking for "Hospitality and Tourism Management," marking ten consecutive years of global leadership. Since 2017, SHTM is the first to consistently rank first in this category. It's also ranked No. 1 globally in the 2024/25 "Commerce, Management, Tourism and Services" category, and No. 2 in the 2026 QS Rankings for "Hospitality and Leisure Management.

💸 Starboard Hotels and LaSalle acquired nine UK hotels, including seven Accor-branded properties with 913 rooms, from Ares and EQ. Banor Capital bought three UK hotels totaling 415 rooms, financed by a £27 million loan from Metro Bank. GS Bacares purchased Madrid’s Nômade Temple for €105 million. Iremis acquired Novotel Freiburg in Germany for €28 million. CapMan and AP Pension bought Crowne Plaza Copenhagen Towers in a joint venture. Extendam and Ker Hospitality acquired Ibis Paris Père-Lachaise.

💸 UKHospitality, on August 2026, urged Labour mayors to support a 10% VAT rate for hospitality as they propose a holiday tax with a cap of 5%. The UK’s current 20% VAT rate is double that of countries like France and Germany, impacting competitiveness. Oxford Economics estimates the proposed tax could result in 33,000 job losses. Families may face £100–£150 extra in holiday taxes. UKHospitality stresses devolution should include VAT adjustments, not just tax hikes.

🛋 Nearly 700 UK hotel businesses became insolvent in the past five years, with 139 insolvencies recorded by July 2026, according to UHY Hacker Young. The industry faces financial pressures due to increased National Insurance and Minimum Wage, energy costs, and a proposed tourism tax in early 2028. The tax could increase complexity, varying by city, and impact UK residents and businesses, not just tourists. The hotel sector warns of rising expenses amid declining visitor spending.

💸 Government plans an overnight visitor levy, set by mayors and local leaders, with a bill forthcoming. Spending plans are expected by early 2028. The levy, aimed at budget protection, will be a percentage of the stay cost. Concerns arise across sectors as more clarity is needed.

💰 The World Travel & Tourism Council (WTTC) warns that England's decision to allow mayors to impose unlimited overnight visitor levies could harm the UK's global competitiveness. Research shows that a £10 levy might deter 29% of international tourists and 39% of UK residents, potentially reducing international visitor spending by £14.4 billion in 2027. WTTC urges the government to consider economic impacts beyond revenue, as higher costs might weaken tourism growth and local economies.

💸 Plans to grant regional mayors in England powers to introduce a tourist tax on overnight stays spark concerns within the hospitality industry. Over five years, 692 hotel businesses have entered insolvency, with 139 in the last 12 months ending July 2026. A proposed 5% charge could reduce GDP by £2 billion and risk 30,000 jobs. Hotels worry about financial uncertainty and competitive pressure, urging fair levy application and reinvestment into local infrastructure.

🛠️ Google has removed vacation rental search in Europe due to the Digital Markets Act (DMA), affecting EEA travelers and European suppliers, who have lost up to 30% of free direct-booking clicks. The DMA prohibits Google from prioritizing its own services over others like Booking.com, HomeToGo, and Airbnb. This change favors intermediaries and complicates direct bookings. The shift emphasizes AI visibility over Google Ads. The dependence shifts towards Maps and integrations with PMS partners.

🏨 Remington Hospitality has added the Hyatt Regency Long Island to its portfolio, enhancing its third-party management of 358-room hotels. Located near Hauppauge and Ronkonkoma business parks, this full-service hotel boasts 18,000 sq ft of meeting space, fitness amenities, and access to Wind Watch Golf & Country Club. With the addition, Remington continues to focus on high-performing hospitality assets in key markets, managing hotels across the U.S., Caribbean, and Latin America.