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Issue 2 : February 4th 2010

Whitbread declares budget is the place

Whitbread said last week that the UK budget hotel sector “was the best place to be” due to the size of the market and the opportunity.
    Rather than the sector reaching saturation, Whitbread claims to have identified 359 growth markets for its Premier Inn brand, including 242 where it has yet to establish a presence.

Lloyds' moves offer little hope for vultures

Behind the scenes shuffling at Lloyds, the UK lender that has the biggest portfolio of troubled hotel loans, suggest it is less and less likely that there will be a flood of distressed hotel assets entering the market.
    Rather than pull the plug on difficult loans, the bank is seeking to restructure and, in most cases, pursue an orderly exit.

Rezidor puts Africa on emerging market map

Emerging markets have been the great hope of this recession and while some have disappointed - notably Russia and Dubai - most others have outperformed the developed world.
    This week Rezidor has announced that it is extending and broadening its partnership in South Africa, a move that follows the establishment of a new regional office for the company in Cape Town.