m.welsch

🏠 The MIPIM, with over 20,000 participants from 90 countries, showcases its growth by expanding to 20,600 m² of stands and pavilions, a 5% increase from the previous year. Despite rainy weather during the 34th edition in Cannes, the occupancy in mid and high-end Cannes hotels declined by 1.2 points compared to 2023—a drop from 71.5% to 70.7%. However, the Revenue Per Available Room (RevPAR) saw a positive trend with a 4% rise, driven by a 5.8% increase in the average price. Performance peaked during the first two days, with higher occupancy and average prices, before reversing from March 13. Cannes and Antibes hotels also experienced a 1.5-point occupancy decrease but an 8.4% average price increase, resulting in a higher RevPAR boost for these locations.

🏨 Turenne Hôtellerie acquired Hôtel Novel ***, marking its sixth investment from the nearly finalized Turenne Hôtellerie 3 fund. Located near Annecy's city center, the 70-room hotel will undergo extensive renovations starting late 2025. The company, owning Hôtel du Palais de l’Isle *** since 2017, targets hotels with 50-200 rooms in strategic French locations, recently adding Hôtel Dali **** near Disneyland Paris and Relais de la Malmaison Hôtel & Spa **** in Rueil-Malmaison.

🏨 Accor opened 293 hotels in 2024, adding 50,000 rooms to its portfolio, now managing over 5,680 hotels with 850,000 rooms globally. The company has 1,381 projects in development, totaling 233,000 rooms. Growth is focused on potential markets in the Middle East, Asia, and Pacific regions, targeting 60% of 2025 openings. Sustainable practices led to 58% of its global projects being hotel conversions, with a 330% increase in eco-certified hotels to 36% of its total by year-end 2024.

🏨 IHG Hotels & Resorts expanded in Europe with nine hotel brands in 13 countries since early 2024, increasing its portfolio to over 1,100 hotels open or under construction. The European expansion includes luxury, upscale, and mainstream segments, with a diversified portfolio featuring Six Senses, Kimpton, and InterContinental. Over 100 luxury lifestyle hotels are open, and 70 are in the pipeline, including Vignette Collection debuts in the UK and Hungary, and Kimpton's new establishments in Budapest and Crete. InterContinental reached 225 hotels worldwide in 2024, including the new InterContinental Belgrade in Serbia.

🏖️ At the MIPIM conference, key development executives from Club Med, Hotel 101, and Hyatt discussed evolving leisure market demands. Nuno Galvão Pinto of Hyatt highlighted post-COVID leisure growth and the shift towards experiences that offer immersion, wellness, and cultural connections. Hyatt responded by acquiring Apple Leisure Group in 2021 to expand in the all-inclusive segment and introduced new lifestyle-focused brands. Marine Jannot of Club Med emphasized the all-inclusive model's rise, appealing to luxury clients seeking emotional experiences and tranquility.