A Rise In Hotel And Cruise Bookings
A rise in hotel and cruise bookings has helped European travel group Tui sail through another year with more than 10% growth in profits.
External Articles
Oyo’s Push Into Southeast Asia Is a Wake-Up Call for Budget Hotel Chains
On its own, Oyo entering Southeast Asia should concern existing budget hotel players. Oyo with Grab should make them go shaky in the knees. Consolidation or new alliances will not surprise anyone.
Great Hotels Of The World Sees Increased Investment Over Next Two Years
Great Hotels of the World (GHOTW), which includes in its collection properties such as Atlantis The Palm Dubai and Altis Belém Hotel & Spa, will receive more than €3,000,000 investment over the next two years.
Venture Capital Shows Growing Interest in New Hospitality Models: What Are the Risks?
To quote a smart venture capitalist, "Just because investment money is pouring in doesn't mean all bets are good bets!" WhyHotel itself may be a well-run business, but the sudden rush of venture money into a full array of hospitality businesses does raise eyebrows overall.
Marriott CFO Calls $1 Billion Estimate on Cyber Breach Premature
It's too soon for Marriott International Inc. to estimate the cost of the massive cyber breach that the company disclosed last week, and other companies that have suffered big attacks are imperfect proxies, said Chief Financial Officer Leeny Oberg at an investor conference today.
Khalifa Fund to showcase SMEs from hospitality sector at SIAL
The Khalifa Fund for Enterprise Development (KFED) will be showcasing its small and medium-sized enterprises (SMEs) in the food and beverage and hospitality sectors which comprise 18 per cent of the fund's projects at the upcoming SIAL Middle East 2018.The event will run from December 10 to 12, at the Abu Dhabi National Exhibition Centre, in Abu Dhabi, UAE.The fund's participation in SIAL Middle East 2018 complements the fund's ongoing efforts to support entrepreneurs and to promote a culture of entrepreneurship by supporting them in exploring new markets, expanding business horizons, promoting their products and services, and by developing their businesses in line with the Abu Dhabi Government Accelerator's Program 'Tomorrow 21,' launched by HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to build a sustainable, knowledge-based economy, to motivate business and investment, and to develop the society and a culture of innovation.
Why Are So Many Hotels For Sale?
Several factors have forced numerous small and medium-sized hoteliers to put their properties on the block. Some industry observers are astonished to see so many hotel operators put their properties up...
WebBeds and 3 Asian Wholesalers Form First Bedbank Coalition to Share Supply
Hotel chains and airlines have formed alliances, why not bedbanks? The first bedbank alliance by four Asian players may be the first of its kind, but what's more important is whether it can work. After all, if it looks so logical and easy, why didn't anyone do it sooner?
Oyo will be the world's largest hotel chain by 2023
Oyo Hotels, the five-year-old startup for booking hotel rooms, is aiming to become the world's largest hotel chain by 2023 as it expands into newer countries in the Middle East, South East Asia and Europe, its founder Ritesh Agarwal said.
What roles can cryptocurrency and blockchain play in hospitality?
Terry Fisher, chief marketing officer at BestBitcoinExchange.io considers what impact blockchain and cryptocurrency could have on the hospitality sector.
CEO Interview: Franck Gervais of AccorHotels Europe, on What European Hospitality Looks Like Today
Europe's appetite for cutting-edge design, community-driven approaches, and contemporary food and beverage concepts is constantly evolving. Hotel brands, developers, and other leaders in the industry should take note.
Michelin Guide Owner Buys Tablet Hotels to Build a Travel Business
Tablet Hotels found itself a world-class strategic buyer to propel its growth. Tablet as part of Michelin will face huge marketing hurdles, and the challenge of trying to reshape Michelins legacy guide offerings.
Don't Build More Hotels, Says Al Habtoor
Emirati billionaire Khalaf Al Habtoor told Bloomberg that he is currently deciding whether to build or acquire between seven and ten schools as well as a hospital.
Why AccorHotels’ Mergers Strategy Is Winning Over Investors
AccorHotels is pursuing one of the most aggressive mergers and acquisitions strategies in the entire hospitality industry. The company could be called a serial acquirer, making numerous acquisitions and investments in various sectors and seeing what resonates with customers. Ultimately the companys goal is to become an all-in-one travel experience platform that can cover any aspect of travel, any need or desire of consumers traveling, or even locals craving experiences in their areas.
Hospitality Market in Japan Increasingly Bifurcated between High- and Low-End Options
The hotel industry in Japan is evolving, with new lodging models emerging, some of which incorporate elements of the burgeoning sharing economy. A panel of real estate and hotel experts at the ULI Japan Fall Conference, held in Tokyo in November, discussed the capsule hotel and other models in Japan.
Western Cape Hotels Rates Cheaper Since Drought
The average price of a hotel room in Cape Town is R65.19 cheaper per evening than it was a year ago this brings the average cost of a hotel room to R1 436.30 per evening. According to the Hotel Performance Index, released in September 2018 by provincial investment agency Wesgro, the price of a night in a four-star hotel room dropped by 5.2%.
Business Travel Market Set To Reach $1.7 Trillion By 2023
A new report featuring in-depth analysis predicts that the global business travel industry will be worth nearly US$1.7 trillion (about £1.3 trillion) by 2023, registering growth of 4.1 per cent.
Corporate Hotel and Air Business Remains Strong, But for How Long?
It's been a strong year for corporate travel in general, with both hotel chains and airlines reporting robust growth as businesses continue to send their employees across the world.
The Big-Money Reinvention of the Humble Hostel: A Skift Deep Dive
It took AccorHotels only 18 months to bring its hostel-like concept Jo&Joe to life.
Third-Tier Growth Spurt
With suburban hotel performance surpassing the growth rate for urban properties, many hoteliers are turning to secondary and tertiary markets to meet the demand for up-and-coming travel destinations. Among them is the management company Charlestowne Hotels. Its President and CEO Michael W. Tall says that the company is making the growth of boutique properties in second- and third-tier cities a main focus of their 2019 business plan. In a recent interview with LODGING, Tall described this tertiary-tier tourism boom and his company's participation in it.