MKG Group

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MKG Group
Type Limited Company
Industry Hospitality, Hotels, Tourism
Founded 1985
Headquarters Paris, France
Area served EMEA & Worldwide
Key people Georges Panayotis (Founder, Chairman & CEO)
Products Market Benchmarking (supply, demand, pipeline), Sector Market Research, Feasibility Studies, Valuations, Quality Control & Mystery Shopping, Media platform, Hospitality Events/conferences
Employees 110
Website www.mkg-group.com

MKG Group is a European based company, headquartered in Paris, France. The group operates various divisions within the tourism, hotel and hospitality sector,[1][2] namely monitoring global trends in supply, demand and pipeline growth,[3] including the worldwide chain hotel brand [4] and chain hotel group rankings, as well as conducting specialised ad hoc industry research for various stakeholders, including private investors, developers, hoteliers (chain groups and independent properties), government and tourism associations, banking and financial institutions,[5] and hedge funds.

MKG is the official industry monitor for a number of European tourism organisations, such as the French Ministry of Tourism,[6] Tourism Office Lyon, Tourism office Brussels, offices in Spain, the Netherlands, and the European City Marketing Association (ECM). MKG also regularly supplies various other tourism organisations[7] and NGOs with trends and analytical reports, including fractions of the European Union, UN such as the United Nations Conference on Trade and Development [8] and the UNWTO's International Labour Organization,[9] as well as a number of hospitality educational institutions in Europe. MKG’s database represents the largest industry performance sample in the EMEA region, supplied directly by all leading international chain hotels, as well as many regional groups and independent properties. MKG is associated with MKG Hospitality, HotelCompSet, MKG Qualiting, Hospitality-ON.com media platform, the Global Lodging Forum (GLF), Worldwide Hospitality Awards, and Hotel Class, the official hotel rating agency in France. In 2006, MKG was ranked 20th in the national classification of the top 100 market research and opinion institutes by Marketing Magazine.

History

MKG Group was established by Georges Panayotis in Paris in 1985 to service the hotel sector. Soon after, the group began tracking hotel data and trends in supply and demand, as well as conducting research studies for the sector. In 1994, the company launched its first publication Hôtels et marketing, later to be known as HTR Magazine and now Hospitality-ON. This was followed by the newspaper Hôtel Restau Hebdo in 2000, and the first Hermès Awards for the hotel and hospitality industry (later to become the Worldwide Hospitality Awards) were awarded in the same year. It opened offices in London in 2007 and in Berlin and Cyprus in 2008. In 2010 it launched the first Hospitality Management Schools Awards.

The company created the first classification of hotel groups and hotel chains in 1995, and the following year it launched the inaugural Hotel Makers Forum, later to be known as the Global Lodging Forum (GLF). In 2002 it took over the company Network Systems, which specialised in computer software for database processing and e-procurement platforms; and the next year MKG Qualiting produced the first online quality database to enable real time consultation and analysis of a particular hotel with respect to quality criteria. This was followed in 2004 by the creation of the HotelCompset Daily platform, which provides subscribing hotels a tool to track daily and monthly activity and compare key performance indicators. An online customer satisfaction survey platform known as Ola Kala was launched in 2009.

The company has COFRAC accreditation,[10] to lead grading inspection of hotels 1 to 5 stars in France under new classification standards from January under the brand HotelClass. In October, MKG Qualiting extended its accreditation to perform inspections for the classification of serviced apartments and touristic residences under the brand ResidenceClass.

MKG Group Divisions

HotelCompSet performance indicators in Europe

MKG Hotel Database

MKG’s database HotelCompSet, contains a sample of over 200 brands and 11,000 corporate chain hotels, representing more than one million rooms throughout the world, representing all segments from budget to upscale hotels. HotelCompSet provides daily, monthly and yearly monitoring of hotel key performance indicators and analyses of its sample, namely Occupancy Rate (OR), Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR). This is used by hoteliers for yield/revenue management strategies, as well as by financial institutions, hedge funds, investors and developers for financial reporting and forecasting trends. Results are revealed via the HotelCompSet online application, as well as monthly HIT reports for Europe [11] and the MEA [12] regions. Additional benchmark reports reveal trends for the upper upscale/luxury segments, country markets France, Germany and Spain. MKG’s database also tracks hotel supply and pipeline growth trends, as well as chain hotel penetration rates, i.e. share of chain hotels in a given market and globally, as well the worldwide chanin hotel group and hotel brand rankings.[13]

MKG Hospitality

Major areas of MKG Hospitality include industry market research, financial feasibility studies and consulting for large-scale tourism infrastructure projects, such as hotels and mixed-use developments, as well as independent hotel property and portfolio valuations, and tourism campaigns.

MKG Qualiting

Quality control in the fields of tourism, hotels and hospitality. This includes business Mystery shopping and audit visits, telephone surveys, and Ola Kala online customer satisfaction survey.

MKG’s annual worldwide hospitality awards held in Paris, France

Press & Events

HTR Magazine was established in 1985, a bilingual publication (French & English) that covered news, interviews, hotel industry analysis and trends that leverages from MKG’s database of statistics. In 2011, MKG launched Hospitality-ON.com, the new version of HTR that combines the printed publication and online media platform for the industry. MKG and Hospitality-ON host industry events Worldwide Hospitality Awards [14] at the InterContinental Paris le Grand Hotel, and the Global Lodging Forum (GLF).[15] In 2010, MKG launched the first Hospitality Management Schools Awards.

Other activities:

Hotel Class is the official hotel rating agency in France. This is the first company specialised in hospitality sector to have obtained the COFRAC accreditation, to lead grading inspection of hotels 1 to 5 stars in France under new classification standards from January under the brand HotelClass®. This was extended to ResidenceClass for serviced apartments and touristic residences.

Georges Panayotis

Management

Main article: Georges Panayotis

Georges Panayotis [16][17] is the founder, chairman and CEO of MKG Group. He left Greece at the age of 18 to study political science. After gaining a management degree at the Paris Dauphine University he started work at Novotel, now part of the Accor Group, and became International Marketing Director.[citation needed] Panayotis established MKG after leaving the Accor group in 1985.

Offices

MKG Group’s corporate head office is in central Paris. Other office locations include London, Berlin and Nicosia in Cyprus. In 2012, MKG opened satellite offices in São Paulo, Brazil and Melbourne, Australia.[citation needed]

References

  1. ↑ Bloomberg Businessweek Retrieved on 11 December 2012, Bloomberg Businessweek
  2. ↑ Hospitality Net Retrieved on 11 December 2012, Hospitality Net
  3. ↑ ebookbrowse Retrieved on 12 December 2012, ebookbrowse
  4. ↑ Ranking the Brands, Hotel brand rankings Retrieved 2011, rankingthebrands.com
  5. ↑ BNP Paribas Real Estate Retrieved on 1 February 2010, BNP Paribas Real Estate, Property Report, European Hotel Market, February 2012, Pages 2, 3, 5, 6, 7, 8, 9
  6. ↑ French Ministry of Tourism Retrieved on 8 February 2012, MKG Hospitality présente le bilan 2011 et les perspectives 2012 de l’hôtellerie française, French Ministry of Tourism
  7. ↑ GoTurkey Retrieved on 1 January 2012, Republic of Turkey Ministry of Culture and Tourism - Go Turkey, Turkey's Official Tourism Portal
  8. ↑ UNCTAD World Investment Report 2011 Retrieved 2011, UNCTAD World Investment Report 2011: Non-Equity Modes of International Production and Development
  9. ↑ UNWTO International Labour Organization Retrieved 2011, International Labour Organization, sectoral activities programme, Developments and challenges in the hospitality and tourism sector, Page 9 and 10
  10. ↑ CONFRAC Retrieved on 22 January 2013, CONFRAC
  11. ↑ Europe HIT Report Retrieved on October 2012, MKG Hospitality
  12. ↑ MEA HIT Report Retrieved on October 2012, MKG Hospitality
  13. ↑ Business Travel News Retrieved on 27 June 2011, Business Travel Survey 2011, Business Travel News, page 32
  14. ↑ Hospitality Net Retrieved on 12 December 2012, Hospitality Net
  15. ↑ Hospitality Net Retrieved on 12 December 2012, Hospitality Net
  16. ↑ Zoom Info Retrieved on 10 August 2012, Zoom Info
  17. ↑ (French) http://www.whoswho.fr/bio/georges-panayotis_44635 : Who's Who in France on line. Retrieved on 12 December 2012.

    External links

    Official

    See also

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