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...The online platforms have added capacity and lodging options beyond hotels and have brought people to lesser-known villages and rural areas....
...Budget extended stay hotels emerged as one of the few bright spots for the lodging industry during the pandemic....
...However, there are challenges when expanding to the European market, said Patrick Scholes, who covers lodging and leisure at investment bank Truist Securities....
...Reddit expects to launch an IPO this year, after lodging a confidential filing to go public with the US Securities and Exchange Commission in December....
...Reddit was expected to launch an IPO last year, after lodging a confidential filing to go public with the US Securities and Exchange Commission in December 2021, several months before a deep tech stock rout...
...Pretty shocking to me is what I’m seeing on airfares/lodging. Virtually no resistance. Likewise on eating out. Both areas folks are prioritising, with very strong volume . . ....
...In the US, occupancy rates and room revenues are nearing pre-pandemic levels, according to the American Hotel and Lodging Association....
...Beyond the Adani affair, the outlook for India Inc is positive....
...Rising inflation may drive more families to become Airbnb hosts, its co-founder and chief executive said, as investors raised concerns over limited supply on the lodging platform as demand returns....
...The trading scandal that shook Japan Inc When Japan’s financial regulators raided the offices of the country’s third-largest broker SMBC Nikko last year in a probe into alleged market manipulation, they...
...Vodafone Idea, Jio and Bharti Airtel are India’s only remaining private operators following a wave of consolidation....
...A version of this article was first published by Nikkei Asia on September 7 2021. ©2021 Nikkei Inc. All rights reserved....
...They see a market worth only $810bn for global lodging, but with Airbnb having just 5 per cent of that, there is plenty of room to expand its share....
...Budget extended-stay hotels have been one of the few bright spots in the pandemic-hit lodging industry. These chains tend to have larger rooms with decent kitchens and self-service laundry....
...Demand for luxury lodgings, which represent the top 15 per cent of its listed properties by price, had recovered to 87 per cent of 2019’s levels in March this year, while demand for budget stays was just...
...In March, US lodging chain Extended Stay America announced that it would be acquired by a partnership that included Blackstone for $6bn....
...That was one reason given by Slack for lodging an antitrust complaint with the EU earlier this year, claiming that it was being unfairly squeezed by Microsoft....
...launches into satellitesThe UK has entered the increasingly competitive race to become a global satellite internet provider after taking control of failed space start-up OneWeb with Indian billionaire Sunil Bharti...
...(FT) News round-up BP agrees $5bn sale of petrochemicals business to Ineos (FT) Bharti Enterprises emerges as key investor in UK’s OneWeb bid (FT) Shale pioneer Chesapeake Energy files for bankruptcy...
...After the meeting, the American Hotel & Lodging Association said 4m hotel jobs were “on the verge of being lost in the next few weeks” if they had not already been cut....
...Helios is owned by a host of funds including Soros Fund Management and Albright Capital Management, as well as telecoms companies Millicom and Bharti Airtel. No funds will be raised by the float....
...Reliance Jio plans to compete with existing providers such as Bharti Airtel and sign up new users, with an initial target of 20m homes and 15m businesses....
...“We see it [the rise of Airbnb] as a positive contribution to our tourism and recovery of the cities and for the owners of local lodging,” he says....
...A recent crop of stories about guests finding recording equipment in their lodgings has forced the San Francisco-based company to clarify its position....
...In February 2014, White Lodging Services Corporation, a hotel management company, reported a breach that began the previous year and affected Renaissance and Holiday Inn hotels....
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