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Motel one profits hit €156m amid record revenues

Hotel Owner

The purchase price of €1.25bn (£1bn) represents an implicit company value of €4.1bn (£3.5bn). Proprium had held a minority share in Motel One GmbH since 2007, which it acquired in a capital increase. The deal was closed on 2nd April 2024.

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Norwich holiday park brought to market for £850k

Hotel Owner

Grasslands, a family-owned holiday park set within almost 10 acres of surrounding countryside, has been brought to market for a guide price of £850k. The current owners bought the site in 1988 and have been running it as a family business since 2007, when they added the holiday lodges and caravan pitches.

Marketing 102
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Renewed calls from industry to freeze spirits tax

Hospitality Magazine

In August last year Australia’s spirits tax rose to over $100 per litre of alcohol and the bi-annual indexation continues to fuel inflation and cost of living pressures, having already risen in line with the Consumer Price Index (CPI) by a total of 12.5 When I wrote my business plan in 2007, spirits excise was around $64 a litre.

Budgeting 130
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Hotel Market Shows Continued Resilience with Focus on Luxury

Revenue Hub

Three years later, upscale properties are now leading a rebound, having enjoyed a renaissance built on steady room rates, distinctive accommodations and an affluent market that is less price sensitive in an inflationary economy. The luxury segment is expected to remain robust amid the broader economic slowdown. hotels reached 62.8%

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Guest Loyalty Programs Provide, But They Cost

Revenue Hub

In fact, Guest Loyalty Program fees have consistently increased at a greater pace than rooms revenue since 2007. In general, Guest Loyalty Program Fees make up a greater share of total franchise-related fees at the higher-priced chain-scales. In 2022, the fees to cover the costs of Guest Loyalty Programs increased by 53.8%

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Nicolas Budzynski of LPM Restaurant on How to Create a Global Restaurant Brand, Win Hearts, Minds & Appetite

The Restaurant Times

Nicolas – On our side, for our company, everything started in 2007 in London, in a small corner of the Mews in Mayfair behind Claridge’s Hotel. Since the launch of the brand in 2007, it has been a huge success in the market because of an approach that is different from any other French concept. .

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How To Open A Casual Dining Restaurant In The USA

The Restaurant Times

quick service (QSR) industry’s output increased by over 50% since 2007 and reached more than 283 billion U.S. A casual dining restaurant serves moderately-priced food in a comfortable and laid-back setting. Look at their pricing and then decide your own. As per Statista, the U.S. Setting the basics right .

Server 52