Covid19 hotel development analysis: Fattal Hotel Group [Infographic]
The dynamic NYX Hotels brand is helping to drive Fattal Hotel Group’s rapid growth
Our exclusive series turns the spotlight onto Fattal Hotel Group and considers how its development plans are shaping up in the light of Covid19, with the help of unique insights from the TOPHOTELPROJECTS construction database.
The coronavirus pandemic has played havoc with the global hospitality industry, ripping up the carefully laid budgets and plans of countless companies, and Fattal Hotel Group has certainly not been immune to the effects of this unprecedented crisis.
Fattal is a relative newcomer to the market, having only been founded by former waiter David Fattal in 2008, but it’s one that has grown extraordinarily quickly. The group, which listed on the Tel Aviv Stock Exchange in 2018, currently boasts 222 hotels and 43,000 rooms across 19 countries thanks in no small part to the rapid expansion of its European division Leonardo Hotels, and enjoys a particularly strong presence in Israel, Germany and the UK. Its brands include Leonardo Hotels, Leonardo Royal Hotels, Leonardo Boutique Hotels, Jurys Inn, NYX Hotels, Apollo Hotels, Herods Hotels and U Hotels.
Here, we consider the key Fattal figures put together by our expert research team to try and paint a picture of what’s happening to the Israeli hotel group’s development pipeline.
Fattal finds a way to keep building
According to the database, Fattal had 20 hotel projects in progress as of 31 August 2020, with just one scheme on hold and none cancelled:
|Group||In progress||On hold||Cancelled||Date|
|Fattal Hotel Management||20||1||0||08/31/2020|
By drilling down further into the live projects, we can see that some brands are proving much more active than others. Leading the way is NYX Hotels with eight schemes, followed closely by Leonardo Hotels with seven, both well ahead of Leonardo Royal Hotels (three), Herods Hotels and U Hotels (one apiece):
Fattal puts its faith in the future
The fact that Fattal is continuing to progress all but one of its hotel projects, including a plethora of sites across Germany and the UK, surely ought to provide grounds for optimism for hospitality industry professionals everywhere.
Admittedly, there’s always the possibility that further schemes will fall by the wayside if the company’s management decides that the risks involved are too great in this challenging economic climate, and it’s still too early to say if the business will hold off building up its pipeline again as these long-standing plans move towards completion. Nevertheless, for now at least, we can safely say that Fattal’s ambitious expansion strategy remains largely intact despite coronavirus.
Many TOPHOTELNEWS articles draw on exclusive information from the TOPHOTELPROJECTS construction database. This subscription-based product includes details of thousands of hotel projects around the world, along with the key decision-makers behind them. Please note, our data may differ from records held by other organisations. Generally, the database focuses on four- and five-star schemes of significant scale; tracks projects in either the vision, pre-planning, planning, under-construction, pre-opening or newly opened phase; and covers newbuilds, extensions, refurbishments and conversions.