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...The survey underscores the broadly buoyant mood in the hospitality sector that has driven a return to dealmaking after the pandemic....
...TGI Fridays said the deal would create a “global hospitality brand” offering “operational and financial flexibility, increased scale and capital to deliver continued revenue”....
...The tech giant’s commitment is the largest among more than 40 companies including Hilton, Marriott, ISS and Starbucks, which together said they would hire more than 13,000 refugees....
...But Accolade has been hit by the Covid-19 pandemic’s damaging impact on the hospitality sector, the introduction of punitive Chinese tariffs on Australian wine in 2020 and a switch by many consumers to more...
...New layers of hospitality seating and luxury experiences cater to wealthier types of audiences....
...The business, which buys hotels across southern Europe and refurbishes them before leasing them out to hotel operators including the Ritz-Carlton, Hilton and Marriott, has since increased its portfolio more...
...Kaplan said the industry’s largest gain was on Blackstone’s buyout of hotel group Hilton Worldwide, which yielded more than $11bn in gains....
...The two firms had developed a thesis that travel would bounce back sharply after the global lockdowns with beaten-down travel and hospitality companies benefiting the most....
...“A lot of money has been raised by investors for hospitality deals and when there is a lot of money raised and not a lot of supply that is good for pricing.”...
...Those considering a punt on Cipriani’s new €500mn club venture will hope the high-end Italian hospitality group performs better than New York-listed rival Soho House....
...Hospitality companies generally have been hit by previously pent-up “revenge” travel beginning to abate. Hertz has, however, also been hit by a specific strategic choice....
...The private sector is adding jobs largely in two areas: leisure/hospitality and private education/healthcare. These two have made up 75 per cent of private payroll gains over the past year....
...Hospitality group Accor’s relaunch of the Orient Express brand has revived interest in the train, known from literature and movies, and has opened up new possibilities for Montblanc....
...Freight rates have fallen as spending has shifted from ecommerce to hospitality. However, the CEO switch may also illustrate the difficulty some bosses have with letting go....
...Her report demonstrates the economic impact of the art trade — estimated to contribute nearly £1.6bn to the UK economy in taxes — and its ancillary expenditure in industries including insurance, hospitality...
...As well as weathering the macroeconomic conditions affecting the hospitality sector, the company is also having to spend more time and money on removing fake reviews....
...The combined companies are expected to benefit from tapping into Endeavor’s other businesses, which include sponsorship, ticketing and hospitality groups, as well as the WME talent agency....
...Marriott trades on more than 14 times and Hilton nearly 16 times, according to S&P Capital IQ. Even so, that gap does not look huge....
...Five-star assets Raffles London, the lavish hotel once home to Winston Churchill’s office, underscores a new era of inflation-resistant super-luxury hospitality as foreign investors snap up trophy assets...
...With the right facilities, corporate hospitality clients would surely be queueing up to spend a small fortune on a box at Stamford Bridge for a season to entertain wealthy VIPs....
...A version of this article was first published by Nikkei Asia on October 2. ©2023 Nikkei Inc. All rights reserved....
...Many of the top performers had rolled out specialised training to give refugees a head start in the jobs market — thousands of refugees have benefited from training in hospitality from Hilton, call-centre...
...Insignia Hospitality, which operates a portfolio of more than 20 hotels across the Permian, is opening a new Hilton franchise in Hobbs next month, its fourth location in the city....
...Additional reporting by CK Tan in Shanghai A version of this article was first published by Nikkei Asia on September 6. ©2023 Nikkei Inc. All rights reserved....
...Through its majority ownership of Legends, the concessions and hospitality company, Sixth Street has a view into the operations of many of sport and entertainment’s top stadiums and arenas....
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