Airbnb and Very Weak Business Travel Are Hurting Hotels – Bank of America

airbnb vs hotels

Julie Verhage, Bloomberg – May 20, 2016 5:00 am In a note published on Thursday, BofAML analysts led by Shaun Kelley cited a raft of pressures on the lodging sector, such as “soft” corporate demand, a glut of brick-and-mortar hotels, and pressure brought to bear by the Internet, including the rise of home-sharing startup Airbnb Inc. The team is downgrading Hilton Worldwide Holdings Inc., Hyatt Hotels Corp., and Hersha Hospitality Trust from “buy” to “neutral” and cutting RLJ Lodging Trust from a “buy” to “underperform.” The analysts estimate that the sector could see shares fall…

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Danish hospitality giant acquires Copenhagen Marriott Hotel

Solstra, the brand behind Copenhagen’s Hotel Bella Sky and Crowne Plaza Copenhagen Towers, has acquired the Copenhagen Marriott Hotel. The sale makes Solstra – a majority owner of Scandinavia’s largest exhibition and conference facility the Bella Center – one of Denmark’s largest operators in the hotel, conference and hospitality industry with a revenue of approximately DKK1bn (£107m) annually. As part of the purchase, Solstra will change its name to to BC Hospitality Group A/S. The Copenhagen Marriott Hotel will continue to operate as normal. Oscar Crohn, managing partner at Solstra…

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Couple ‘Fined’ £100 By Hotel For Bad Review on Tripadvisor

A couple were “fined” £100 by a Blackpool hotel after they wrote an internet review describing it as a “rotten stinking hovel run by muppets”. Tony and Jan Jenkinson stayed at the Broadway Hotel in August and were so disappointed with their accommodation that they took to TripAdvisor to share their experience. The couple later found their credit card had been charged £100, with the hotel stating its policy was to charge for “bad” reviews. The policy, included in a booking document, reportedly says: “Despite the fact that repeat customers and couples love…

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24-hour room service: Marstrands Havshotell, Sweden

Marstrands Havshotell

By Rhiannon Batten Relationship experts often suggest that you should go on at least two dates with a would-be suitor (psychopaths aside) before dismissing them altogether. Perhaps the same is true of hotels. Plenty charm guests into falling in love with them at first sight, others quite clearly have the appeal of Freddy Kruger, but occasionally you come across a hotel that deserves a second chance. Such is the case with Marstrands Havshotell, which is situated on the island of Koon, in western Sweden. Part shiny new youth hostel, part…

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