economy

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Travelodge hails ‘strong’ network

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Travelodge said that it had retained a network of 578 hotels, including 563 of 580 in the UK.

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    Ago signs nine from Travelodge 

    Ago Hotels announced it had secured at least nine hotel leases from Travelodge following the break clause deadline on 18 November.
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    Transaction

    France’s largest Holiday Inn sold

    Private equity group Extendam had acquired the largest Holiday Inn in France with Catella Hospitality Europe, which will operate the hotel under franchise.
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    Performance

    Hotels ‘less likely to close’

    Hotels in Europe were less likely to close during the latest round to lockdowns, according to STR.
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    Hyatt: ‘there is no market’ for deals

    Hyatt told analysts that there was a very limited transactions market, as it maintained its commitment to a $1.5bn sell-down by March 2022.
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    ‘Risk tolerance’ of consumers growing, says Choice

    There were signs that “consumers’ risk tolerance is climbing”, according to Choice Hotels International’s president & CEO, Pat Pacious.
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    Video - In Focus

    In Focus: A political outlook

    Politics are in the air this week as the US election hangs in the air and second lockdowns commence, Alexi and Katherine walk though how the top three economies in Europe and the US are handling their support of the hospitality sector. As we move into a second lockdown in Germany, France and the UK, what does it actually mean for hospitality this time round and what support schemes are available? Katherine and Alexi dive into the nitty gritty of the support on offer for hotels follow this link for the further government guidance.  As many iconic hotels in London are forced to close their doors in a bid to preserve cash, what will the impact be for landlords?  Katherine describes how Hospitality and Tourism is a protected sector in France and we have seen more creative solutions to support the industry for sure.  We also hear from Robert Alley, COO at Roomzzz Aparthotels who speaks of their healthy occupancy numbers due to the increased demand in extended stay. Robert also describes how open conversations with landlords have facilitated more flexibility during the crisis.  And of course a mention of Airbnb which Alley sees as healthy competition and they have helped to elevate and progress the extended stay market.  Back to Europe, Alexi highlights the unrest in the German hospitality market. In the US, where the elections will shape the future of the US hotel industry, the result is still iunknown.  We will see shakeouts further up the chain, the cycle will out inevitably....but Hospitality will always prevail!
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    Video - AHC

    A moment with Thomas Emanuel

    "A moment with Thomas Emanuel" as he takes us through how he remains optimistic and confident in the sector and why it was good to be back at an event. He comments that "people want to travel, they want to meet and that won't go away". He also adds that the crisis has provided an opportunity of recognition for it's overall contribution to the economy. We caught up with Thomas, Director at STR, after his session at The AHC Reimagined last month when he presented "Checking the Data: Hotel Performance and Forecasts". Don't forget you can still watch his session on demand over here.
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    Results

    Hilton: ‘fish where the fish are'

    Hilton said that it would look to conversions to supplement a drop-off in financing for new hotels, as it reported net unit growth of 4.7% for the third quarter.
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    Video - AHC

    A moment with Michael Grove

    Michael Grove joined us after his presentation at The AHC Reimagined to tell us about what it was like being back at an event, reconnecting and networking with peers in the industry.  He highlights the importance of knowing your product and customer and using both your experience and the right data to get through the other side of this crisis  As Managing Director at HotStats, Michael presented the session "Mining the Data: Measuring Profitability". He took us though a realistic analysis of hotel performance in the UK and a look to the future. If you missed this you can watch it on demand now. 
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    Video - AHC

    A moment with John Ashcroft

    Emily Newman caught up with John Ashcroft just after his session at The AHC Reimagined to chat about reconnecting with the sector. John discusses the importance of connection and exchanging information within the industry and how the world has adapted to a more digital approach. "You cannot get away from that person to person contact" which he sees as one of the key drivers of recovery for 2021. You can catch John's full session from The AHC Reimagined, the Economic Outlook, here.  John Ashcroft founder, CEO and author of The Saturday Economist presented a thorough overview of the economic outlook in the UK and also globally - all without the aid of a script or slides. We couldn't believe it either. Join us now to learn and be inspired.