Global Hospitality Report (November 3, 2014)

2014 United States Hotel Franchise Fee Guide 
By Stephen Rushmore, Jr. and Erin Bagley

This publication provides the most detailed data on the costs of hotel brands in the U.S. This year’s new methodology utilizes real data for each brand to provide insight and analysis on the specific components which make up a franchise and its fees.

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In Focus: Athens, Greece 
By Pavlos Papadimitriou and Panagiotis Verykios

This article summarizes the recent tourism trends in Athens.

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Positive Trends and Cautious Observations to be Discussed at the 4th Annual HVS Caribbean Hotel Investment Conference and Operations Summit, November 13-14, 2014 in Punta Cana, Dominican Republic 

Hospitality and tourism is the most important sector for the Caribbean, generating more than $20 billion a year. While hotel performance continues to strengthen, the market has not yet returned to pre-recessionary levels in terms of average rate. Visitor arrivals to the Caribbean have increased every year since 2011, yet financing for ground-up construction is still difficult to attain. Caribbean-wide RevPAR has also increased every year since 2011, thanks to average rates, but banks are now very selective with sponsors. And so developers need to be more creative….

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Accor Acquires Share in Mama Shelter  

Accor has purchased a 35% stake in the capital of French budget design chain, Mama Shelter, giving Mama Shelter access to Accor’s development and distribution network. Mama Shelter currently has properties across France and one in Istanbul, Turkey, but the group is expanding, with 20 new hotels due to open over the next five years. Commenting on the new partnership, Accor’s chairman and chief executive officer, Sébastien Bazin, said, “This agreement is the outcome of a beautiful encounter and a shared desire to learn from our respective talents. I am very happy to be embarking on this new adventure. Thanks to this partnership, Accor is enriched by the original know-how that has made Mama Shelter such a splendid success.”

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