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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.It said next year, profits would grow a similar amount as customers also bought more excursions and holiday activities.Tui...

External14 Dec 2018bbc.comFinanceSales & MarketingLodging Industry

Hotels expect Christmas holiday season will be the best in 10 years

The hotel sector is expecting average occupancy of 70% during the Christmas vacation season, which would be the highest level in the past decade.The forecast comes from the Mexican Association of Hotels and Motels (AMHM) whose president, Rafael Garcia,...

External14 Dec 2018Mexico News DailyMexicoFinanceLodging IndustryMarkets & Performance

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....

External14 Dec 2018skift Inc.FinanceSales & MarketingLodging IndustryMarket Segments

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 Belem Hotel & Spa, will receive more than EUR3,000,000 investment over the next two years.GHOTW is a well-established sales and marketing...

External12 Dec 2018hoteldesigns.netFinanceLodging IndustryReal Estate & Investment

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!"...

External12 Dec 2018skift Inc.FinanceLodging Industry

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...

External10 Dec 2018BloombergFinanceSafety & SecurityLodging IndustryBig Data

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...

External10 Dec 2018Gulf Daily NewsAbu DhabiUnited Arab EmiratesFinanceEvents & ConferencesLodging Industry

Why Are So Many Hotels For Sale?

Several factors have forced numerous small and medium-sized hoteliers to put their properties on the block....

External10 Dec 2018BangkokThailandFinanceLodging Industry

WebBeds and 3 Asian Wholesalers Form First Bedbank Coalition to Share Supply

Hotel chains and airlines have formed alliances, why not bedbanks?...

External10 Dec 2018skift Inc.IndonesiaFinanceSales & MarketingLodging Industry

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.Oyo, which began...

External 6 Dec 2018FinanceLodging Industry