This week in hospitality, we're deep in earnings season. AccorHotels wrote off $288 million from two of its marquee investments, Onefinestay and John Paul, and Hilton isn't worried about looming trade wars.
Hotel News Weekly Roundup
Throughout the week we post dozens of original stories, connecting the dots across the travel industry, and every weekend we sum it all up. This weekend roundup examines hotels.
For all of our weekend roundups, go here.
>>Uh oh! Is this the start of Accor’s ambitious acquisition strategy unraveling or simply a bump in the road? AccorHotels Takes $288 Million Hit on Onefinestay and John Paul Investments
>>It’s all quiet for now, but what happens when the tariffs expand beyond China and into Europe? Hilton CEO Doesn’t See Any Negative Impact From Potential Trade Wars
>>So much for being asset light. However, this strategy does align with previous comments AccorHotels’ CEO has made about wanting to lead in emerging markets, Africa included: AccorHotels Sets Up $1 Billion Fund With Qatar Partner to Focus on Africa
>>As the big hotel companies increase their focus on soft brand collections, it’ll become even tougher for collections like Small Luxury Hotels of the World, Relais & Châteaux, and Leading Hotels of the World to compete. Ferret has some stiff competition to battle in the coming years: Small Luxury Hotels of the World Appoints New CEO
>>Overall guest satisfaction with hotels in North America is at an all-time high. Still, that doesn’t mean the hotel industry should be congratulating itself; there’s still work to be done: Hotel Direct Bookings Remain Flat Despite Big Marketing Push
>>The travel industry is still trying to figure out the best way to deal with overtourism — but just the fact that so many players are talking about the issue is a good thing: Meliá Hotels Wants to Address Overtourism by Focusing on Quality Over Quantity
>>Given HNA’s willingness to sell many of its other assets, offloading the Radisson Hotel Group looks like a likely scenario: Radisson Hospitality in the Dark Over HNA’s Plans
>>We’re fairly certain Extended Stay America — just like nearly every other public hotel company in existence — will likely pursue a spinoff: Extended Stay America Might Spin Off Its Real Estate Unit
>>Amadeus hopes to clear some of the underbrush that’s grown up in hotel technology. If it succeeds, it will likely reshape the costs and systems used for selling rooms industrywide: Amadeus Hospitality Is a Tough Sell Despite Progress With InterContinental Hotels Group
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Photo credit: Exterior of AccorHotels corporate headquarters in Paris, France. AccorHotels wrote off $288 million from two of its marquee investments, Onefinestay and John Paul. Skift