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...Property consultancy JLL said the number of conversions surged to an all-time high in 2023, with hotels converting offices as well as existing resorts....
...Marriott-owned hotel group Ritz-Carlton launched its own luxury cruise liner last year. Luxury resort operators Aman Resorts and Four Seasons have also announced plans to launch their own cruise ships....
...Alejandro Hernández-Puértolas, chief executive of HIP, said the deal was a “further vote of confidence in . . . the resort hospitality sector in Europe”, with revenue booked for the rest of the year up more...
...per room key than in our hotel and resort destinations on land”....
...consortium Design Hotels, Claus Sendlinger has created a new brand called Slowness, through which he plans, he says, to “build and nourish locally rooted places that offer a deeper, more conscious form of hospitality...
...colonial-administration building, started out in 2019 as one half of the Six Senses Singapore, which retired the management account in 2020; the other half, Duxton Reserve, now comes, like Maxwell, under Marriott...
...Some lucky employees are even meeting up in ski resorts....
...Sonesta remains 50 years and many billions behind the big names in corporate hospitality. Marriott, Hilton and IHG each have more than 5,000 hotels and dozens of brands among them....
...Commended Hogan Lovells O: 6; L: 8; I: 7; Total: 21The lawyers helped the IFC with two bond issuances in the Philippines, one in the healthcare sector and one financing renewable energy for the hospitality...
...Capuano said the challenge was “particularly acute” in states such as Florida, one of the markets that has bounced back fastest from the pandemic thanks to soaring demand for resort holidays....
...Onsen resorts were so profitable that when Hong Kong casino group Melco Resorts set aside $250m to invest in the Japanese hospitality industry, its first investment went to an onsen resort near Tokyo....
...Just in time to fuel that optimism, two buzzy names in French hospitality have planted flags in opposite corners of Provence....
...Leisure M&A’s latest playbook: luxury resorts Earlier this year, Hyatt Hotels Corporation chief Mark Hoplamazian recounted his darkest hours at the helm of the hospitality group to the FT’s Alice Hancock...
...He had an uncanny ability to anticipate where the hospitality industry was headed and position Marriott for growth.”...
...Global hotel companies such as InterContinental Hotel Group, which launched a luxury resort brand last month, and Hyatt Hotels, which bought the high-end resort operator Apple Leisure for $2.7bn, have swung...
...International Q2, Nippon Steel and Sumitomo Metal Corporation Q1, Prudential Financial Q2, Ralph Lauren Q2, Société Générale Q2, Standard Chartered Bank H1, Stellantis H1 Wednesday China, Eurozone, France...
...The stock still trades below book value and at a small fraction of Marriott. Local peers such as Frasers Hospitality Trust also have a geographically hedged portfolio of hotels....
...But Mark Hoplamazian, chief executive of Hyatt Hotels Corporation, the US-based hospitality group, says being honest about his own difficulties during the Covid-19 crisis has only drawn him closer to his...
...This is a sort of economic chemotherapy which should only be used as a last resort....
...Marriott International, are pressing ahead with expansion plans originally timed to coincide with the staging of the summer Olympics in Tokyo and fuelled by the ever-rising tide of Chinese tourists....
...Large hotel operators including MGM Resorts, Marriott International, Hilton, Wyndham and Hyatt all granted their senior executives restricted stock or options in late February and March....
...According to lobbying registration forms, Wynn Resorts, the casino company; Colony Capital, the private equity firm; and the National Retail Federation, a trade body whose members include Walmart, have all...
...Hospitality The travel slump has also hit hotels. Marriott International reported last week that its hotels in China had occupancy rates of below 15 per cent....
...Remuneration has also become sensitive in sectors such as retail and hospitality, where companies around the world have suspended payouts to shareholders and begun to furlough or put on unpaid temporary...
...Other BRT members such as Marriott, which laid off thousands, have drawn similar criticism....
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