Extended stay hotels are experiencing a dynamic shift, reflecting changes in travel trends, sustainability demands, and technological advancements. I recently led a discussion on the topic with the HSMAI Revenue Optimization Advisory Board and we delved into the challenges and opportunities this sector faces.
Four Seasons Resort Bora Bora, named "Best Luxury Beach Hotel Worldwide" by Luxury Travel Advisor, introduces a complete island buyout, providing guests with unparalleled exclusivity and privacy.
In line with Rotana’s target to strengthen its global footprint, the hospitality group announced several market entries this year. In the United Kingdom (UK), Rotana will launch two new properties under Centro, its affordable hotel and serviced apartment brand. Set to open in 2024, Centro New Malden and Centro Kingston will be the first two properties that form part of a wider agreement to develop up to 1,500 keys over multiple sites across the greater London region, all under the Centro brand.
Leading hotel management company PM Hotel Group has been selected to assume management of Southbank Hotel Jacksonville Riverwalk, located in the heart of Jacksonville’s vibrant downtown riverfront district. The hotel is currently under a full renovation and will change flags when the renovation is complete. The strategic expansion and hotel repositioning demonstrates PM Hotel Group's dedication to excellence and its established history of optimizing hotel performance.
If you’re planning a holiday, business trip, or weekend away, you’ll want to find the perfect location. serviced apartments offer full flexibility over long or short term visits with all the comfort and practicality you expect to find in a home.
Magnuson Hotels announces the immediate appointment of Adnan Malik as its new Chief Executive Officer. Malik, previously serving as Chief Revenue Officer, brings a wealth of experience and innovative vision to lead the renowned hotel brand into its next phase of growth.
Homes & Villas by Marriott Bonvoy recently relaunched its Curated Collections – hand-picked selections of incredible homes and destinations from around the world – to inspire travelers as they begin planning their 2024 journeys. For the nearly four out of 10 prospective travelers for leisure in the next 12 months who are still deciding where they want to travel [1] in 2024, according to a recent YouGov study (conducted on behalf of Marriott), Curated Collections will spark and satisfy wanderlust for travelers with their new collections.
Association announces Andrès Reyes Gjerme as chair, Nora Galfi as vice-chair, and calls on its members to nominate up-and-coming professionals to join the council, a trailblazer of initiatives focused on professional development and advocacy for young leaders.
The Vietage by Anantara today announces the introduction of a second railway carriage, which will operate a daily return journey between Nha Trang and Quy Nhon commencing its first journey on 15th May 2024.
India is becoming a top destination for luxury and ultra luxury hotel companies, driven by a surge in domestic travel and the growing affluence of the Indian middle and upper classes.
Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham" or the "Company"), the world's largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, today announced that its Board of Directors received a letter from Choice Hotels International, Inc. (NYSE: CHH) ("Choice"), on November 14, 2023. Wyndham's Board of Directors, together with its financial and legal advisors, closely reviewed Choice's letter and determined that it represents a step backwards and that the terms Choice outlined are not in the best interests of Wyndham or its shareholders. Wyndham responded to Choice in a letter dated November 21, 2023, included below.
In recognition of World Children's Day, Marriott International announced it is working together with UNICEF to relaunch and expand its donation program "Check Out for Children." The program—which invites guests to make a voluntary donation for each night of their stay—is now live in over 500 properties across 40 countries in Marriott's Caribbean, Latin America (CALA), Europe, Middle East, Africa (EMEA) and Asia Pacific excluding China (APEC) regions.
Following the government's declaration of relaxed anti-pandemic measures in late 2022, experts predicted that China's luxury market would revive in 2023. Despite a slow start, the market is showing optimistic signs of revival. LVMH's Asia sales, for instance, increased by 14% in the first quarter of 2023, with China accounting for almost 80% of the company's regional revenues.
Accor Pacific, Australia and New Zealand’s largest hotel operator, is thrilled to announce a significant milestone in the success of its franchise hotel operations in Australia and New Zealand. The company now partners with 120 hotels (over 10,000 rooms) across a diverse portfolio of hotels, apartments, and resorts.
Tourism has again been identified as a key driver of economic recovery and growth in a new report by the International Monetary Fund (IMF). With UNWTO data pointing to a return to 95% of pre-pandemic tourist numbers by the end of the year in the best case scenario, the IMF report outlines the positive impact the sector’s rapid recovery will have on certain economies worldwide.
The July Hotels is a series of premium life-centred apartment-hotels currently based in Amsterdam, welcoming you to have “your stay, your way”. City ID’s Boat&Co and Twenty Eight will be renamed The July - Boat & Co and The July - Twenty Eight and sit in The July brand portfolio. To illustrate its difference to the other hotels on the platform, ID Aparthotel will be renamed ID Aparthotel by The July.
Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) today announced that that it has entered into a definitive agreement to acquire Bluegreen Vacations (NYSE: BVH; OTCQX: BVHBB) for $75 per share in an all-cash transaction, representing total consideration of approximately $1.5 billion, inclusive of net debt. The combination will broaden HGV’s offerings, customer reach and sales locations creating a premier vacation ownership and experiences company.
WaterWalk, the nation’s most innovative flexible lodging brand, today announced the launch of its new website, marking a significant transformation in its online booking experience including an industry-first feature – the ability to instantly book unfurnished hotel rooms without traditional leasing constraints. WaterWalk is known for its unique hybrid business model in the extended-stay industry by providing both fully furnished ‘STAY’ units and ready-to-furnish, apartment-style ‘LIVE’ units that are equipped for customizable, longer-term bookings.
Mitsis Group, Greece's largest privately-owned hotel chain, is proudly launching its new brand identity, marking a significant milestone in its history. With a steadfast commitment to reinventing the travel experience, offering beyond all-inclusive services and an unwavering dedication to exceeding guest expectations, MITSIS is set to redefine modern luxury and hospitality.
S Hotels and Resorts PCL, the global hospitality company from Singha Estate PCL, has announced a major USD 27 million renovation of its resorts in Thailand and Fiji, including an investment of more than THB 500m (approx. USD 14.2m) to reimagine the design, facilities and guest experiences at its three SAii Resorts in Thailand – SAii Phi Phi Island Village, SAii Laguna Phuket, and SAii Koh Samui Choengmon – and FJD 28.5m (approx. USD 12.5m) to upgrade Outrigger Fiji Beach Resort.