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2027, France | Social security budget: government plans to shift €200m of thermal spa cure reimbursement to supplementary health insurers
The government plans to transfer €200m of thermal spa cure reimbursement spending to supplementary health insurers in 2027, Health Minister Stéphanie Rist announced before the board of the Cnam on 8 October. Included in the 2027 social security financing bill (PLFSS) with no details or timetable, the measure has been described as a disguised delisting by the National Council of Thermal Establishments (CNETh), just days before the bill goes before the National Assembly.
Business
United States | TKO Hotels offers €1.7bn for Service Properties Trust’s 92 hotels
TKO Hotels, a hotel owner based in Aberdeen, South Dakota, announced on 9 October an unsolicited all-cash offer of around €1.7bn to acquire the 92 hotels held by listed REIT Service Properties Trust (SVC). The deal would cap almost seven years of disposals that have sharply reduced the hotel exposure of a vehicle once entirely dedicated to hospitality.
Explorer
Business
Distribution, International | Booking Holdings merges the B2B operations of Booking.com, Agoda and Priceline
Booking Holdings is consolidating the B2B operations of its three main brands into a single entity, Booking Partner Services, led by Agoda's CEO. A break with the Group's tradition of brand independence, aimed at better competing with Expedia's B2B offering.
Headlines
360°, world tour of the day’s news | From Singapore to Issyk-Kul via Bengaluru and Valencia
🔎 Today's trend: between cyber-espionage targeting hotel Wi-Fi networks, renewed investor appetite for India and Central Asia, and consolidation in the French hotel-coliving market, today's news illustrates the growing globalisation of both commercial and security challenges facing the sector.
Headlines
360°, world tour of the day’s news | From Barcelona to New York via Bulle and Oyem
🔎 Today's trend: between technology expansion in Latin America, strategic appointments, upcoming openings and forced closures, global hospitality is moving at very different speeds depending on the region.
Business
Results, USA | Choice Hotels posts Q2 2026 results, driven by a clear US market recovery
Choice Hotels International reports revenue of $441 million for the second quarter of 2026, with 2.6% global net rooms growth and US RevPAR growth for the first time in several quarters. The Group, now led by Dom Dragisich as Interim CEO, raises several of its full-year targets while entering the next phase of its asset-light strategy, with the first sales of wholly owned hotels expected in the first half of 2027.
Business
Spain and Portugal | Tikehau Capital and Quest Capital launch Selecto, a franchised hotel platform with IHG
Tikehau Capital and Quest Capital announce the creation of Selecto, a new operator dedicated to urban hospitality in Spain and Portugal, franchised with IHG Hotels & Resorts under the Holiday Inn Express brand. Launch funding, provided by alternative lender Maslow Capital, covers an initial portfolio of four projects in Madrid, Malaga and Barcelona, with a combined gross development value exceeding €200 million.
Business
Q2 2026 Results | Marriott International posts 3.4% worldwide RevPAR growth and a record pipeline
Marriott International reports strong second-quarter 2026 results, driven by 3.4% worldwide RevPAR growth and a record development pipeline of nearly 629,000 rooms. The Group raises its full-year guidance despite an international RevPAR decline weighed down by the conflict in the Middle East.
Headlines
360°, world tour of the day’s news, 4 August 2026 | From Corsica to Mijas, via Cannes, Gironde and Évian
🔎 Today's trend: behind sometimes strong tourist flows, the real economics of hospitality remain mixed. Falling spending in Corsica, post-wildfire cancellations in Gironde, new residential mobility solutions in Évian and investment in Spanish luxury illustrate an industry facing profound shifts in usage.
Business
Development, France | IWG acquires Wojo, absorbing Accor’s coworking business
International Workspace Group (Regus, Spaces, HQ, Signature, Stop & Work) announces the acquisition of Wojo, Accor's coworking business, which becomes a wholly-owned subsidiary of the Group. The deal adds 186 workspaces to IWG's network and seals a long-term partnership with Accor around flexible workspaces within its hotel network.
Business
Transaction, Italy | Kryalos SGR completes double hotel acquisition in Rome for Room00 Group
Kryalos SGR, an independent asset management company with €14.2 billion under management, has completed the acquisition of two hotel assets in Rome, near Termini station and Piazza di Spagna, on behalf of the Kryalos Room00 Fund. Both properties will be operated by Spanish operator Room00 Group, which thereby grows its Rome footprint to four addresses, backed by €27.5 million in financing from UniCredit.
Business
Transaction, USA | Bankruptcy sale of former Wyndham City Centre in Springfield, Illinois
Hilco Real Estate announces the bankruptcy sale of the former Wyndham City Centre, a landmark 369-room hotel in the heart of Springfield, Illinois. Bids must be submitted by 15 September, as part of the Tower Capital Group, LP bankruptcy proceedings.
Business
Financing, Ethiopia | MIDROC secures $80M to renovate the Sheraton Addis and develop a new property in Addis Ababa
MIDROC Ethiopia, the hospitality arm of MIDROC Investment Group, has secured $80 million in financing to fund the renovation of the Sheraton Addis, Luxury Collection, as well as the development of a new Sheraton-branded property in Addis Ababa. This financing forms part of a broader $116 million investment to strengthen the upscale segment of the Ethiopian hospitality market.
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Business
2027, France | Social security budget: government plans to shift €200m of thermal spa cure reimbursement to supplementary health insurers
The government plans to transfer €200m of thermal spa cure reimbursement spending to supplementary health insurers in 2027, Health Minister Stéphanie Rist announced before the board of the Cnam on 8 October. Included in the 2027 social security financing bill (PLFSS) with no details or timetable, the measure has been described as a disguised delisting by the National Council of Thermal Establishments (CNETh), just days before the bill goes before the National Assembly.
Development
2029, Greece | Accor signs Fairmont Chania Resort, the brand’s first address in Greece
On 23 September 2026, Accor and its Fairmont Hotels & Resorts brand announced the signing of the Fairmont Chania Resort, a 104-key resort in Chania on the north-west coast of Crete, developed in partnership with Hersonissos Group Hotels. Opening is scheduled for 2029. The project marks Fairmont's arrival in Greece and strengthens Accor's luxury portfolio across the Mediterranean's leading destinations.
Development
2029, Sweden | AMF Fastigheter entrusts its future Marievik destination hotel in Stockholm to Strawberry
Swedish property company AMF Fastigheter has selected Strawberry to operate a 191-room hotel under development in Marievik, south of central Stockholm. Advised by Annordia, the deal forms part of the conversion of a former office district into a mixed-use urban hub, with opening scheduled for summer 2029.
Personnel Moves
Hanover, Germany | Benjamin Jacobi named Managing Director Commercial at TUI Hotels & Resorts, Christian Bärwind to lead TUI Deutschland
TUI is reshuffling two key leadership roles with effect from 1 November 2026. Benjamin Jacobi, until now head of TUI Deutschland, joins the management of TUI Hotels & Resorts as Managing Director Commercial, Marketing & Sales, while Christian Bärwind succeeds him at the helm of the German-speaking markets. The double appointment is intended to bring the group's hotel brands closer to its distribution channels.
