Rosewood Hotels & Resorts®, the ultra-luxury hospitality company that manages 28 properties worldwide, is pleased to share new plans and strategies as part of the brand’s continued path to global recovery from the COVID-19 pandemic. Rosewood has beg…
Accor’s Partners’ Voice
All around the world and since the beginning of the crisis, our owners have been mobilizing to support people in need. Let’s take a look back at these solidarity initiatives in France, Brazil and Italy. Today, we wanted to give the floor to key play…
Judicial Tribunal Of Paris: Airbnb Liable For Civil Damages Caused Through Their Platform
The judicial tribunal of Paris has issued an important verdict deeming Airbnb a “publisher” of the ads which appear on its site and, for the first time, requiring AirBnB to pay damages for illegal activity which took place through its platform. Whil…
Europe Hotel Transactions Bulletin – Week Ending 26 June 2020
KKR buys Roompot for approximately $1.1 billion Private equity fund KKR has announced that it is acquiring the Dutch vacation park business Roompot Group from French private equity group PAI Partners for a reported $1.1 billion. The second largest v…
Hospitality Financial Leadership – Chapter 8 – The Trial
The chapter below is an excerpt from my new book. It’s fiction but some of the characters and storylines are based on people I have worked with and events that have taken place in the hotels I have worked in. The book is a fable about a hotel manage…
Airbnb CEO: Travel may never be the same
Airbnb co-founder and CEO Brian Chesky told Axios in an interview that global travel may never fully recover, and that he sees a future where people travel much more within their own countries, possibly for longer stays. Driving the news: “I will go…
Utility Players as a Way to Save Hotels on Staffing
The post-COVID recovery will not mirror the initial reactions to the global lockdown for the hospitality industry. Namely, with hotels shutting down and laying employees off in droves, most properties will be reluctant to rehire all those previously…
Re-Negotiating Your Management Agreement: The Owner’s Perspective
COVID-19 introduced the hotel industry to a lot of uncertainties for the future. It also revealed several weak spots and high-risk areas within hotel management agreements (HMA’s). As these weaknesses become more evident, it is important to decide w…
Crisis Management: What Hotels Can Learn From “Friends”
THE ONE WHERE WARNER REGAINS CONTROL “So no one told you life was gonna be this way.” If you (at least, mentally) rhythmically clapped your hands four times after reading this, you’re not alone. According to a Nielsen’s report, in fact, the famous ‘…
Sonder to Raise $200 Million in Funding for Its Hotel and Short-Term Rental Model
Today, we are announcing that we recently closed on a Series E round of $170 million, led by Fidelity, WestCap, and Inovia Capital, which brings Sonder’s valuation to $1.3 billion. In the coming weeks, we expect to raise additional capital from new …