Commercial : Retail News

THE ‘AIR BNB’ EFFECT AND THE CHANGING HOSPITALITY INDUSTRY

Over the last five years, we have seen interesting changes to the hospitality industry. As development consultants, we help organisations deliver built projects across a range of sectors. The leisure industry is one of the key areas in which our business operates, and it is really growing for us. The

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Plans Announced For Sudbury Casino

Gateway Casinos and Entertainment have signed a letter of intent to become a part of the True North Strong development on the Kingsway and plan to build a 60 million dollar facility on the property. Gateway took over the northern bundle of casinos on May 30th and now plan to

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Latest Issue
Issue 322 : Nov 2024

Commercial : Retail News

THE ‘AIR BNB’ EFFECT AND THE CHANGING HOSPITALITY INDUSTRY

Over the last five years, we have seen interesting changes to the hospitality industry. As development consultants, we help organisations deliver built projects across a range of sectors. The leisure industry is one of the key areas in which our business operates, and it is really growing for us. The ‘Air BnB’ effect, as it has been coined, has changed the way people look at hotels. There is much more choice available now, and consumer trends suggest that travellers are booking places which offer more homely and comfortable features in increasing numbers. This is true for business travellers as well, who might be staying away for work, and like the idea of having more than just a room to reside in. Apart-hotels and the serviced apartment sector is expanding, with companies like Staybridge Suite hotels pursuing major growth plans in this area. The company reports that globally, there are 250 Staybridge Suite hotels open, with a further 151 hotels opening in the next three to five years. What is the appeal? More space seems to be key. Travellers benefit from relaxed suites, with fully-equipped kitchens, separate working areas, entertainment and free Wi-Fi. They get the comfort of home, with the benefit of hotel-standard services. Communal areas follow suit, providing further usable cooking, dining and eating spaces, which during the evenings become the setting for hotel organised-socials. For developers, dual-brand hotels – which see hotel companies combining their offerings, so that apartment-style hotels are partnered with more conventional hotels, allowing an element of shared services – are an appealing prospect. Companies are able to share the cost of construction as well as operational expenses, resulting in development savings as well as increasing the likelihood of achieving economic feasibility on a project. The future… The dual-brand offering, which in itself is not a new idea, looks set to increase in popularity. This is arguably the hotel industry’s response to the ‘Air BnB effect’ and to a rise in demand for serviced apartments. Dual-brand hotels will be new to many cities in the UK, although the trend is growing here, following huge success throughout Europe and America. Manchester has recently started construction of its first Crowne Plaza/Staybridge Suite, which is planned to open later in 2018. The Global Serviced Apartments Industry Report 2016/2017 comments that “the future is no longer just a serviced apartment sector or a hotel sector. It is no longer binary. Hotels are introducing apartment-like hotel rooms with apartment style facilities and amenities.” Our experience…                                                                                                                            Within the leisure sector, we have significant experience in delivering hotels, including multiple projects under the Ibis brand across Wales and the South West and a £16.5 million hotel development in Liverpool that was ultimately operated under the Novotel brand.  We are working on a 17 bed extension on the Holiday Inn Express in Colliers Wood, and a refurbishment of the Holiday Inn Express in Cardiff, which we’re doing the contract administration and cost management for. We are also excited to be part of the development of South Wales’ first co-branded hotel, which combines an apart-hotel with a traditional hotel. It’s an interesting time for the leisure industry, and it’s fantastic to be part of a positive movement which responds to consumer demand and provides an elegant solution, which benefits both the developer and the end user.

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Plans Announced For Sudbury Casino

Gateway Casinos and Entertainment have signed a letter of intent to become a part of the True North Strong development on the Kingsway and plan to build a 60 million dollar facility on the property. Gateway took over the northern bundle of casinos on May 30th and now plan to build a premier casino and entertainment property at the location. Sudbury developer Dario Zulich took a leap forward in his plan to build a sports and entertainment district on the Kingsway on Tuesday, as Gateway Casinos & Entertainment announced it had signed a letter of intent with the True North Strong group to become part of the proposed development. The new operator for casinos across Northern Ontario wants to build a ‘premier casino and entertainment property’ on the proposed True North Strong development. In a media release issued on Tuesday, Gateway Casinos and Entertainment said it has signed a letter of intent with True North Strong to build a casino. “Gateway Casinos and Entertainment Limited is the leading gaming and entertainment operator in Canada,” said Zulich, True North Strong president. “We believe that when combined with a new event centre and hotel/convention space, this new, full-service, upscale casino will be a valuable and exciting addition that will complete a multi-faceted regional entertainment district.” In Sudbury, it will be possible to play all jackpots online keno In addition to the long-term investment, the project will result in approximately 700 person-years of construction employment. “Gateway is very excited to take this important step forward in bringing a major investment and up to 250 new jobs to Greater Sudbury,” said Keith Andrews, Gateway vice president and managing director of Ontario operations. “The True North Strong proposal envisions creating a vibrant regional entertainment district.  A Gateway property in the district is a perfect complement to this dynamic development.” “It’s been a lot of hard work to see things come together, but they are coming together and it’s exciting to see the potential for a regional entertainment district for northeastern Ontario,” said Andrew Dale, Sudbury Wolves Sports and Entertainment. Construction will begin once all necessary approvals are complete, including municipal consent. “I think this is a game changer for the City of Greater Sudbury and really, it’s a sign to the rest of the province and the rest of the country that Sudbury is booming,” said Robert Kirwin, a Sudbury city councillor.

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