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Exclusive: Veriu Group CEO Zed Sanjana on scaling up apartment hotels

Hotel Management

The Veriu Group is making its mark in Australia’s apartment hotel landscape with over 3,000 rooms operating across 21 sites and a further 17 sites in development across both the Veriu Hotels and Suites and Punthill Apartment Hotels brands.

Scale 130
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Exclusive: inside Accor’s approach to elevate midscale and economy

Hotel Management

Camil Yazbeck, Accor Global Chief Development Officer – Premium, Midscale and Economy Division Globally, we are witnessing a consumer trend toward ‘premiumisation’ in all sectors – cars, airlines, dining, retail shopping, and so forth. Ibis remains a strong economy brand for Accor Accor is investing heavily in the extended stay segment.

Branding 200
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Z Hotels secures £15 million for additional rooms

Boutique Hotel News

UK: The “compact luxury” brand Z Hotels has secured a £15 million loan from OakNorth Bank to refinance an existing loan and construct new rooms at its Piccadilly property. Today, Z Hotels operates 14 sites throughout London, Bath, and Glasgow, offering 1,710 bedrooms.

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Survey: NYU, EY offer CFO insights

Hotel Business

Sean Hennessey, associate professor, NYU SPS Tisch Center of Hospitality, and a contributor to the report, added, “Although recessionary fears and unfavorable interest rates may dampen transaction activity, survey respondents remained confident that the improving operational trends will sustain the lodging sector’s trend of profit improvement.”

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Sailing through the storm: Hotels and hospitality

Boutique Hotel News

The focus of the event, Sailing through the storm, involved six short presentations providing a state-of-the-market snapshot of debt finance, equity investor sentiment, valuations, operations, brand, and the distribution landscape. Construction costs are crippling which is making development a huge challenge.

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The value a good franchise system can bring to hotels is more relevant today than ever

Hotelier Magazine

A combination of factors plays into the scene, including an anticipation of construction costs and financing rates dropping, a renewed appetite for conversions, and a fresh interest in extended-stay properties and dual branding. During COVID, owners realized how much oversight was required to ensure maximum profitability at hotels.

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AHICE Day 2: equity, efficiency and environment

Hotel Management

Howard ruled off the discussion with an insight into payment options, noting that from a recent European summit, it was revealed that 75% of consumers will not buy if their preferred payment method is not available and the rise of instalment options such as Afterpay, underscoring the need to expand payment mechanisms into the marketing mix.

Market 130