Accor announces today that it has signed an agreement with a consortium of 5 banks for a new €560m Revolving Credit Facility (RCF). It complements the undrawn €1.2bn RCF signed in July 2018. It further reinforces Accor’s liquidity position which tod…
Mandarin Oriental Progress Update on Eliminating Single-Use Plastic Across Portfolio
In October 2019, Mandarin Oriental Hotel Group pledged to eliminate all single-use plastic, across its portfolio of luxury hotels, by the end of March 2021. While the original timing for completion is likely to be impacted by the global effects of C…
5 Insights Into the Changing Landscapes of Hospitality and Higher Education
Successful hospitality professionals know that the difference between success and failure often depends on how we deal with challenges and difficulties. In fact, this mindset aligns very well with the etymological roots of the word “crisis”. Whereas…
What will hotel visits be like? Here’s your room-by-room look at the future
Hotels are cautiously reopening for the summer travel season, but it’s anything but business as usual in the hospitality industry. Last week, the American Hotel & Lodging Association (AHLA) introduced its Safe Stay guidelines developed under the gui…
COVID-19 Resource: 5 Technologies for a ‘New Normal’ Hotel (Part 2)
In this weekly series, Hospitality Net looks at emerging technologies that are being deployed by hotels across the world to help face the consequences of the coronavirus outbreak and its related new legistlation and changing consumer behavior. To ge…
Tech Companies Helping Hotels for the Post-Coronavirus World
This means that hotels must put in the work now to plan ahead and be nimble for the ever-evolving demands of the situation. Critical to recovery will be the deployment of various technologies to better facilitate smooth operations during the post-co…
Take Charge Of Your Capital; You May Think That You Are, But This May Not Be The Case
Your focus is likely on re-balancing your risk/return proposition the best you can, by either 1) increase your return or 2) decrease your risk. During these Corona days, the most likely strategy to succeed would be the latter. Or is it? Given the ri…
Europe Hotel Transactions Bulletin – Week Ending 15 May 2019
AXA investment vehicle to acquire Lagrange Apart`Hotel in Mulhouse, France MyShareCompany, an investment vehicle owned 50% by French insurance group Axa and 50% by French real estate investor Atland-Voisin, has agreed to acquire the 81-room Lagrange…
Minute on the clock: Simon Mitchell, Kerb
The chief executive of Kerb talks to Katherine Price about the government support operators need during the coronavirus crisis, why street food could bounce back quickly and how the UK street food landscape could change.
Workplace caterers: we’ll have an edge on the high street when we reopen
Workplace restaurants will be safer and more controlled than the high street when they reopen, a panel of leading operators have told *The Caterer*, as they invest in new technology and innovative ways of serving customers.