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...“Spain is flourishing due to record tourism numbers and robust operational performance from the hotel operators,” said CBRE head of hotels for Europe Kenneth Hatton....
...“It will be compounded by hotel prices [going up while] tourists on a budget won’t be able to come to New York,” Carney added....
...“In the short term this could be a bit challenging for hotels . . . but in the medium term it’s much better to have a flexible stock of Airbnb oversupply as opposed to permanent expansion of hotel room stock...
...Hotels were the only part of the market to see a rise in transactions. The sector has enjoyed a post-Covid resurgence in travel that has boosted dealmaking....
...Hotel Chocolat’s acquisition last week by Mars handed a sweet payout of £280mn to the UK boutique chain’s founders. It also filled a hole in the family-owned US confectionery giant’s brand mix....
...Clarke ruled out changing Hotel Chocolat’s recipes. Hotel Chocolat last year announced the closure of its US stores after heavy losses and wrote off its investment in a Japanese joint venture....
...The sector’s resilience explains why Choice Hotels International is looking to check into rival Wyndham Hotels and Resorts....
...The big hotel openings of 2024....
...Top lot at Sotheby’s was Yoshitomo Nara’s “I Want to See the Bright Lights Tonight” (2017), reportedly sold by the Hong Kong property tycoon Joseph Lau, for HK$96mn with fees (est HK$80mn-HK$120mn)....
...“It feels more like a home, even though it’s a hotel,” she says. “It’s nothing too formal; more help yourself.”...
...Winter has arrived early tonight, laying thick snow in drifts across the road....
...The spotlight for me is on the three Indian chefs being awarded tonight, one at one star [Hrishikesh Desai of Cumbria’s Cedar Tree] and two at two stars.”...
...Choice Hotels International has gone public with a nearly $10bn hostile bid for rival Wyndham Hotels and Resorts, after six months of takeover talks to create one of the biggest US budget hotel operators...
...Tonight, however, the lake stays still....
...Airfares and hotel prices, two volatile categories which can throw off the data, were both well behaved....
...He is a regular attendee at Cannes Lions, the marketing festival run by Ascential, where last year he threw an exclusive party in a lavish hotel featuring musical artist Lizzo....
...A new “Guest Favorites” feature, which directs users to the 2mn best-reviewed properties on the platform, was launched in November and is aimed at luring more customers away from hotels with its quality...
...“If I die tonight, I think the stock would go up tomorrow,” Buffett, 93, quipped at the company’s annual meeting in 2017....
...Another model couples a high-end hotel with a members’ club added on top. Well-managed rooms and meals should generate strong returns, raising the value of underlying properties....
...Tonight we are throwing a party. I’ve spent weeks worrying about the perfect wines to serve....
...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 Explora I is just the latest “floating hotel” in the fast-growing luxury market — with hotel companies themselves eager to get involved alongside cruise operators such as Scenic, Silversea and Seabourn...
...They waved frantically to guests at a hotel across the street. “We finally started making . . . the S-O-S sign,” she recalled....
...Palm Beach into a winter playground for the rich by extending the Florida East Coast Railway into the area and building several luxury hotels....
...The online platforms have added capacity and lodging options beyond hotels and have brought people to lesser-known villages and rural areas....
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