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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....
...Chief executive Brian Chesky told the Financial Times that from next year the online rental company would “go a little bit beyond its core business”, including an expansion of its experiences and services...
...Netflix was a prominent presence at the vast festival of advertising in its first year at the event, hosting a party in a branded hotel on the seafront and an event with ex-footballer David Beckham....
...“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...
...Chief financial officer Elizabeth Coddington said the Peloton for business channel, which operates in locations such as hotels, had underperformed, while trial demand for its paid app subscription had been...
...Companies that focus their marketing around sustainable sourcing have grown rapidly....
...Mars’s offer values the Aim-listed cocoa manufacturer at a premium of 169.8 per cent to Hotel Chocolat’s share price of 139p at the close of business on Wednesday, the companies said....
...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....
...While both companies primarily cater to the budget market, Wyndham also has exposure to the mid-market, a segment Choice is targeting....
...The big hotel openings of 2024....
...Airfares and hotel prices, two volatile categories which can throw off the data, were both well behaved....
...Both companies run a franchised model....
...for both companies....
...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...
...They waved frantically to guests at a hotel across the street. “We finally started making . . . the S-O-S sign,” she recalled....
...The online platforms have added capacity and lodging options beyond hotels and have brought people to lesser-known villages and rural areas....
...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....
...Kaplan said the industry’s largest gain was on Blackstone’s buyout of hotel group Hilton Worldwide, which yielded more than $11bn in gains....
...Social media companies are struggling to contain misinformation emanating from the war between Israel and Hamas....
...After a protracted battle that lasted more than 400 days, only 69 per cent of shares were cast in favour of the deal in a vote at the city’s Shangri-La hotel....
...Calay cited the example of InterContinental Hotels Group which suspended its dividend during the Covid pandemic in March 2020....
...They are also used across a wide range of industries, from hotels to hospitals, because they save space....
...CPIPG said in response it believed Muddy Waters was “categorically wrong” about the company....
...Hedge funds have lost more than $6bn this year betting against cruise lines and hotels after underestimating the resilience of US consumers....
...But the elephant in the ballroom at the Roosevelt Hotel was Elon Musk....
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