Questex’s International Hospitality Investment Forum (IHIF) successfully reconnects global leaders in the hospitality investment and development sector – for the first time in over 18 months – Yahoo Finance

BERLIN, Sept. 04, 2021 (GLOBE NEWSWIRE) — Over 1,200 senior leaders from the global hotel community gathered at Questex’s International Hospitality Investment Forum (IHIF) between 1-3 September at the InterContinental, Berlin, to broker deals, launch new brands, network and discuss the trends impacting the hotel industry. Importantly, meeting in person after an 18-month hiatus due to the Covid-19 pandemic, IHIF demonstrated that the industry can set the example for the world to travel and convene — confidently and safely.
In its 23-year history, IHIF has always been where the vanguard of the global hotel community comes together. And, this year, the forum’s role as the place where the sector congregates carried heightened meaning – as industry experts assembled to discuss how best to address both the challenges and the opportunities that have come out of the pandemic. Over 180 industry-expert speakers took to the stage over the three-day event, including; Tony Capuano, CEO, Marriott International, Dillip Rajakarier, CEO, Minor Hotel Group, Christopher Nassetta, President & CEO, Hilton, Christopher Norton, CEO, Equinox Hotels, David Kong, CEO, BWH Hotel Group, Federico J González, CEO, Radisson Hotel Group, Hubert Viriot, CEO, Yotel, Patrick Pacious, President & CEO, Choice Hotels International and Sébastien Bazin, Chairman & CEO, Accor. The full speaker lineup can be viewed here.
The programme featured a new focus on a few pertinent matters: sustainability, health and safety, and hybridisation.
Sustainability, a major initiative across many industries, is of particular importance to the hospitality sector as it looks to the future. As well as being refenced in nearly half of all presentations, IHIF’s programme also placed the issue front and centre, with four dedicated sessions, an invitation-only council meeting and a partnership with Water Aid, a charity dedicated to providing access to clean water worldwide.
And, with health & safety an ongoing consideration, the event was run fully masked and fully vaccinated, ensuring extra precaution for all attendees and staff. For those who could not travel due to current restrictions, the event also featured a hybrid approach allowing a virtual audience of over 100 participants to join globally at their own pace.
Paul Miller, CEO, Questex, captured the mood of attendees by stating that “hospitality is the core of the experience economy,” and that much opportunity has come from the pandemic.
It was a sentiment endorsed by Tony Capuano, CEO, Marriott International, as he kicked off the event by setting out that, what has kept the industry alive over the course of the past 18 months, has been its people. “The most admirable thing about the pandemic is the way brands, owners and franchisees have come together to navigate the crisis,” he said.
When asked how Marriott has stayed afloat, the answer, according to Capuano, was simple: its 31st brand – or its Bonvoy loyalty programme – which facilitated on-going customer engagement during a difficult time.
Shifting gears to provide an economic overview, Linda Yueh, Professor, Oxford University, shared positive data from the World Economic Outlook. This forecasts a 6% growth rate, albeit starting from a lower base, with recovery to pre-pandemic levels likely to be in 2023. She finished by setting out that the key to recovery, again, lies in people, commenting: If we can maintain employment, which is a clear challenge globally, we can avoid hysteresis.
Robin Rossmann, Managing Director, STR then shared that, so far in 2021, more new hotel rooms have reopened in Europe than in all of 2020. There is growing confidence in the market, and according to Carine Bonnejean, Managing Director, Hotels, Christie & Co., transactional volume in Europe will end the year above 2020 levels. There is also a clear rise in cross-border investment, with 70% coming from Europe and an increase in activity from the US, mainly in the distressed asset area.
According to BNP Paribas’ H1 2021 hotel investment market results, transaction volumes have been on a steady rise, with attractive pricing.
Another common theme derived from the event is the projected spearhead in recovery and transaction-driver: leisure. Henri Giscard D’Estaing, President, Club Med shared that Club Med has seen double-digit growth in its average daily rate (ADR) following the pandemic, due to three reasons: safety, customer service, and an environmental focus.
Marcus Bernhardt, CEO, Deutsche Hospitality commented: “What we saw after the financial crisis is the leisure customer is the first to get out,” further sharing that around 20% of the hotel group’s properties are leisure focused and there are plans to grow this proportion as the world starts to travel again.
Michael Grove, COO, Hot Stats, shared that, while we know the blow felt by extended stay and limited-service was cushioned, luxury hotels are coming out of the dust quite rapidly; something that is crucial to the industry as leisure travellers continue to pay up for the experiences they have missed out on over the past year.
As growth continues in the leisure sector, IHG Hotels & Resorts, the property host and long-time patron of IHIF, has just announced its new Vignette Collection™, a luxury and lifestyle collection brand for the leisure and business traveller. Wyndham Hotels & Resorts also announced its new Registry Collection Hotels in Georgia right in the heart of Tbilisi.
While leisure continues to energise the sector, there is still much to be learned from the recent shifts in customer demands. Christopher Norton, CEO, Equinox Hotels identified what he thinks needs improving: “The challenge for the traditional luxury brand is they’ve got to be more innovative and, the lifestyle brands have to offer better service,” he said. The only way to get it right is to swap ideas between the two concepts.
Another opportunity for leisure hospitality investment, according to Henri Wilmes, CIO, LRO Hospitality, is the need to accommodate the newly blurred lines between work life and personal life. Should a guest need to work from their luxury holiday, the resort should be fully equipped with proper workspaces.
In the “Talk of the Titans – Sharing Visions for Future Success” session, Christopher Nassetta, President & CEO, Hilton, made a great point that while leisure is leading in terms of Covid-19 recovery, it is actually domestic travel that has kept many brands afloat. “Business that was 95% domestic is now 99% or nearly 100%,” said Nassetta. “In the US specifically…we have the highest RevPARs we’ve ever had – higher than the peaks in 2019.”
While the company is performing very well in the US, it is also set for growth in Europe, leading with a plan to continue German expansion with a conversion in Invesco’s Heidelberg hotel, which is set to welcome guests in summer of 2022.
A shared sentiment on Environmental, Social and Governance (ESG) strategies was the focus of our investor panel as Will Duffey, Managing Director, JLL, Cody Bradshaw, MD, Head of International Hotels, Starwood Capital Group, Dominic Seyrling, Director, Investments, Archer Hotel Capital, Brian Kaufman, Managing Director, Blackstone, and Benjamin Habbel, CEO & Founding Partner, Limestone participated in a discussion of what’s keeping them busy at the moment.
Brian Kaufman said: “One thing to keep in mind is ESG initiatives aren’t just necessarily costs, there’s real ROI opportunity that comes from investing in ESG, whether it’s water reduction, energy efficiency implementation, we as a firm have an emissions reduction target that we’re very focused on across all sectors across all assets.”
The global CEO panel jumped straight into the opportunities created by the pandemic, including using the time as an opportunity to hit the refresh button. That has certainly been the case for BWH Hotel Group, who took advantage of the lockdown to rebrand some of its hotels. David Kong, President & CEO, BWH Hotel Group, gave the example of a Best Western property in Austin, Texas, which was repositioned within the trendier boutique division, Aiden to capitalise on Aiden’s 30% to 40% increase in average rates. The group has also announced 20 new hotels with more than 2,000 rooms in Germany, Austria and Switzerland.
Choice Hotels International recently announced its repositioning of Choice Hotels Europe to Choice Hotels EMEA as it continues its master license agreement with Seera Hospitality, with ten new hotels planned to open within the next five years. Patrick Pacious, President & CEO, Choice Hotels International, commented on another trending topic; serviced apartments, by sharing his belief that this trend has become a permanent shift due to increasing lengths of stay.
Serviced apartments, along with co-living, co-working, senior living and other alternative asset discussions were also had simultaneously at Adjacent Spaces on Thursday 2 September. A defining theme coming out of Adjacent Spaces was that while alternative investments have always offered great opportunity, the pandemic has shown just how lucrative these segments can be. Miriam Barnhart, Product Manager, Sustainability and Experiences, POHA House, explained that while adjacent concept investment may be a newer trend, it is also a stable one. Barnhart said that these creative spaces offer a sense of community and belonging, while also making the guest feel safe.
A pioneer in “soulful travel,” edyn, recently announced their expansion of its serviced apartment brand Cove into Europe with an acquisition of The Hague. The company also secured a £195m multi-asset debt facility with Blackstone Real Estate Debt Strategies and KSL Capital Partners to support further European expansion.
Another pandemic-related subject covered at Adjacent Spaces was the ongoing migration of people from city-centre to suburban locations. The shared need here is a continued desire to work remotely but in a more social environment. Enter the hybrid model.
In our lifestyle panel, Naomi Heaton, Co-owner and CEO, The Other House, explained that hybrid models allow “for the best of both worlds” from a profitability perspective, in that long-term income is sustained through residential guests staying longer, while additional ADR gains are made through short-term transient bookings.
Village Hotels plan to capitalise on this hybrid approach in their latest conversion of the former Hilton Bracknell this December. Guests can stay, workout, meet and play all under one roof.
During a candid one-to-one conversation between Sébastien Bazin, Chairman & CEO, Accor, and Jonathan Langston, Chair, IHIF Advisory Board about “rethinking hospitality”, Bazin shared what he had learned over the last 18 months: “Humbleness. Being at the helm I did not control much.” He elaborated that among the chaos, he found himself enjoying seeing new leaders emerge from within Accor and learning to give control to those on the ground.
A key mission for Accor was setting up a relief fund, as Bazin knew the majority of his staff would not benefit from government support schemes simply due to their location. They launched a $200 million hardship fund which was made accessible to 290,000 employees, many of whom took advantage of the scheme – with the average award being $400.
Bazin closed with some sage advice on leading through a pandemic: make decisions from the gut, then the heart, then the brain.
Looking ahead, IHIF 2022 is set for 3-5 May 2022 at The InterContinental Berlin. Visit www.ihif.com for more information as registration will open in the coming weeks.
About Questex
Questex helps people live better and longer. Questex brings people together in the markets that help people live better: travel, hospitality and wellness; the industries that help people live longer: life science and healthcare; and the technologies that enable and fuel these new experiences. We live in the experience economy – connecting our ecosystem through live events, surrounded by data insights and digital communities. We deliver experience and real results. It happens here.
MEDIA CONTACT:
Alexandra Aldridge
Marketing Director, Questex Travel & Hospitality
Aaldridge@questex.com
212-895-8284

Jason Hawthorne (MarineMax): As the pandemic forced family leisure activities outdoors, one way many adapted was to get on the water. Boat sales climbed 12% year over year to a 13-year high in 2020. The company doesn't just sell boats.
Alaska Airlines has reduced its revenue and load factor projections for the third quarter, due to a recent downturn in bookings.
From a control room inside the police headquarters in Venice, Big Brother is watching you. Now, a month after cruise ships were banned from the lagoon https://www.reuters.com/world/europe/exclusive-italy-legislate-keep-liners-out-venice-lagoon-sources-2021-07-13, city authorities are preparing to demand that tourists pre-book their visit on an app and charge day-trippers between 3 and 10 euros to enter, depending on the time of the year. Venice mayor Luigi Brugnaro says his aim is make tourism more sustainable in a city visited by 25 million people a year.
An investigation is underway after a 6-year-old girl on vacation with her family died at an amusement park in the western Colorado town of Glenwood Springs. Few details have been released, but Suzanne Emery with the Glenwood Caverns Adventure Park says “an incident” occurred Sunday evening on the Haunted Mine Drop ride that caused the death. The Post Independent reports the park will be closed Monday and Tuesday.
St. Mark's Square and the Rialto Bridge.Iconic sights of Venice that attract thousands of tourists every day.From a control room inside the city's police headquarters, they're being watched.To combat over-tourism, officials are tracking every person.Using CCTV, optical sensors and mobile phone SIM cards, they can tell residents from visitors, Italians from foreigners.They know where people are coming from and where they are heading.A month after cruise ships were banned from Venice, city authorities are preparing to ask visitors to pre-book.And charge day-trippers between 3 and 10 euros to enter.City Director General Marco Bettini says there's no alternative:"I cannot guarantee a suitable visit to the city if we don't know how many people are coming to Venice and Venice, it's an island and is one of the cities that first, in the world I think, can prove that there is a physical limitation on the number of people that can be in the city at the same time."Authorities have yet to decide how many people is too many.The new rules are expected to come into force sometime between next summer and 2023.Some Venetian businesses worry about the impact on their sales.Tourists appear divided:"I know so that there are some inhabitants of Venice who complain because there are too many people visiting the city but I think that the city lives also thanks to the tourists so maybe there are a little bit too many people sometimes but they should definitely find another way.""I can understand it because the city is very overcrowded and it will probably be a lot nicer for the citizens of Venice."One recent weekend, there were around 148,000 people in the historic centre of Venice. That's before the full return of tourists from the U.S. and Asia.
Michael Simard crouches low and points a finger in the direction of the roughly 10-foot (3-meter) predator cruising in the glassy water below. The 48-year-old construction foreman from Cambridge, Massachusetts, glances back at his partner, Penny Antonoglou, who dutifully pulls out her smartphone while he holds the pose. “It’s awe-inspiring, really,” Simard said after the tour, where they spotted at least six great whites.
Forty-one per cent of travellers didn’t understand the restrictions
The pandemic has triggered more demand for contactless and staff-less operations in the hospitality sector, and now H2O Hospitality, the unmanned hotel management company, has closed a $30 million round on the back of that boost. The South Korea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. The Series C round (equivalent to about 34 billion won) is being led by Kakao Investment and Korea Development Bank (KDB), Gorilla Private Equity, Intervest and NICE Investment also participated.
Osep Lago/AFP via GettyFor the past three months, many of us have surrendered to the passions of “hot vax summer.” The term refers to our collective release of pent-up demand bottled up by the pandemic for travel, fun, and living the good life. After all, at least for many, it was a long 15 months of hunkering and masking; since getting jabbed and unshackling our faces, the warm weather signaled that it was time to cut loose.At least in theory. What hot vax summer actually turned into was disgru
With daily COVID cases reaching levels not seen since January, there's new concern that Labor Day weekend travel will only worsen the trend; Lilia Luciano reports for CBS2.
If you're considering taking a big vacation anytime soon, your options may be limited, especially if you're planning to go anywhere in Europe. On Aug. 30, the European Council of the European Union, one of the governing bodies of the 27-member European Union, dropped the United States from its "safe list," a list of countries that could travel to the E.U. with little to no restrictions. The U.S. had been on the E.U.'s safe list since June, but as COVID numbers across the U.S. began to rise with
With a striking design, private residents’ club and more, the much-anticipated hotel opens its doors on September 6.
Mexico may be on the UK’s travel red list, but Brits are travelling there to eventually gain entry to the US. <strong>Jamie Fullerton</strong> joined the launderers looking to get Stateside
Modern air travel involves layer upon layer of security measures, a stark difference from before the Sept. 11, 2001 attacks. Airports did screen passengers at the time. The technology wasn't anywhere near as intrusive as today. (Sept. 6)
Ask anyone old enough to remember travel before Sept. 11, 2001, and you're likely to get a gauzy recollection of what flying was like. There was security screening, but it wasn’t anywhere near as intrusive.
After the deluge on the East Coast, a trip to a sunny beach destination with no passport required and for only around $100 — and nonstop– may be just what everyone needs this month –or next month, if you need more time to pack your bags. A roundtrip deal to Puerto Rico (from EWR) was …
Even though holiday travelers exceeded last year's Labor Day numbers, the Delta variant has impacted the roads and skies this year. Correspondent Errol Barnett has the latest.
Flight attendants are taking more self-defense classes due to the uptick of violence on planes. Correspondent Errol Barnett reports.
Explore Key West, Nantucket, Maine, and South Carolina on this 12-day luxury escape.
Grant LeganOne year ago I fell for a place in the U.S. that I’d never even heard of until a few weeks prior—Saugatuck, Michigan. I was there as part of a road trip on the state’s sunset coast. Think huge lakeside dunes, charming waterfront towns, turquoise inland lakes, and fresh cherries—all a surprise to somebody who grew up with coastal blinders on. I even managed to fall in love while staying at a dingy roadside motel and without any planning or sense of what this town was.This year, when I

source

Book an appointment
Luxor Salon and Spa Shop
Quality and great Salons Abuja
Best massage shop in Abuja
Great stylists Abuja
Affordable and cheap Barber Abuja
Best and Qualitymassage Abuja
stylists and Salon Abuja
Coolest Barberin Abuja