Global Hospitality Report (July 13, 2015)

Marrakech – 1001 Hotels 
By Nicole Perreten and Sophie Perret

Marrakech has established itself as a popular tourism destination over the past decade and has shown phenomenal growth in visitation. This article discusses recent tourism trends and hotel performance and provides an overview of the hotel pipeline.

OTAs – A Hotel's Friend Or Foe 
By Jill Barthel and Sophie Perret

How reliant are hotels on OTAs? This article aims to address that question and discuss the evolution of OTAs and the effects of this growing business model on independent and chain hotels.

China Stock Market Volatility May Affect Consumer Spending 

The China Shanghai Composite and China Shenzhen Composite have posted significant gains of 5.8% and 3.8%, respectively, on Thursday, 9 July 2015 following the announcement of measures by regulators, which have been designed to curb the market’s slide. This would be the first positive indication since China stocks began their free-fall on 12 June 2015. Despite the one-day rally, China’s stock market remains volatile. According to The Economist, Chinese individuals account for approximately 80% of trading in China. Additionally, online business publication, the Quartz, estimates that Chinese investors have lost over $3.4 trillion in equity value since the markets peaked in mid-June until the 7 July close. It is possible that this downturn will be felt by the global tourism industry, as the spending power of Chinese consumers take a hit. In terms of outbound tourism receipts, the UNWTO reports that China, the world’s top spender, had reached US$165 million in 2014, a 28% increase from 2013. It remains to be seen if the exceptional pace of growth in China’s visitor exports sustains in 2015.

Liverpool Indigo Sold 

The 151-room Hotel Indigo Liverpool, in the port of Liverpool in northwest England, has been sold to an investment vehicle affiliated with New-York headquartered MCAP Global Finance Ltd for an undisclosed sum. The seven-storey hotel opened in 2011. Having purchased the QMH Group of hotels in 2014 and more recently acquired a portfolio of former Mint Hotels in the UK and the 140-room DoubleTree by Hilton Hotel & Spa Chester, the new owner of the Liverpool Indigo is reportedly keen to purchase more hotels in the UK.


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