Each day, we curate a bite-sized round-up of the best industry news from across the world. We search the web for the latest hospitality updates and travel trends, so you don’t have to. Get comfortable with a coffee and tuck in to our daily must-reads
1. IHG buys Six Senses in US$300m deal
IHG has bought the Six Senses Hotels Resorts Spas brand from Pegasus Capital Advisors in a US$300m deal – which includes all the Six Senses operating companies but no physical assets. This purchase takes IHG’s global portfolio of open and pipeline luxury hotels to 400 properties and 108,000 rooms.
2. Brexit influences holiday home decisions for Brits
According to Away Resorts, 28% of Britons have said that leaving the EU has influenced and sped up their decision to buy a UK holiday home this year. The survey also found that alternative homes sparked the most interest, with 37% looking to buy a caravan or lodge, while 36% are looking for a house and 27% wanted a flat.
3. US food and beverage performance increased in 2018
Food and beverage revenue per occupied room increased 2.7% in 2018 for US hotels reaching US$112.67 – up from US$109.73 in 2017 and US$106.92 in 2016. The data from STR also revealed that catering and banquets experienced the most growth with a 3.4% increase in revenue.
4. Gold Coast crowned Australia’s top hotel market for 2018
The Gold Coast took the top spot in Australia’s hotel market in 2018, with average daily rates rising 7.6% to AUD$202 per night, according to CBRE’s Q4 2018 Hotel MarketView report. RevPAR grew by 9.4% while international arrivals remained elevated, posting a 4% growth for the year.
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Nicola Donovan is a travel writer for Click.More by Nicola Donovan
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