citizenM

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Development

CitizenM raises $1bn to help fund expansion

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Hotel company is targeting 40 plus hotels by the end of 2024.

The Latest

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    Asset Management
    The growth of coworking - a Hail Mary for many hotels during the pandemic - must include a move towards greater flexibility, according to two members of the sector.
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    Insider
    The pandemic has been very big on ‘quick! Change your lives!’ as though the threat has driven us all into existential crises where we question ourselves down to our very toenails.
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    Hotel Optimization
    As the COVID-19 pandemic reached the six-month mark in the U.S., Questex Hospitality Group (parent company of Hotel Management and the International Hotel Investment Forum) and AAHOA partnered to present Day 1 of Hotel Optimization Part 2, a virtual conference with insights from industry insiders on how to survive and even thrive in the pandemic.The day's second half examined how hotel food and beverage service has evolved and how technology is keeping guests safe and comfortable—from a distance.
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    Results
    Europe had seen “quite a big reversal” in the first week of September, with occupancy down 13.9% on the week, according to STR.
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    Development
    Hotels which provide office space to enable co-working and interacting could see turnover increase by up to 20%, according to Colliers International.
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    Video - In Focus
    We explore the stories and people behind the hospitality news of investment, development and operations. The hospitality industry is moving at a pace we have never seen before which makes it more important than ever to come together, share information, and discuss the shape of the future. Alexi Khajavi and Katherine Doggrell discuss consolidation rumours with Accor and IHG, Airbnb going back to their roots and design and distribution strategies.  Don't miss the full interviews with Chief Operations Officer from citizenM, Lennert de Jong, as well as Brand & Hospitality Strategist Matthias Huettebraeuker.