Most hospitality groups are shedding real estate. a&o is picking it up at distressed prices — a contrarian move that works up until the deals, or the lenders, run dry.
It wasn't all that long ago that Iberia was fighting for survival. Today, it boasts Ryanair-like profitability. The Spanish flag carrier has transformed itself from a loss-making legacy laggard into a margin machine. How did Iberia pull it off — and can the success continue? We explore a great comeback in this week's feature story.
The Iran war has turned Marriott’s EMEA region into two businesses at once. Jones’s bet is that Europe and Africa can carry the 20% of fee business the Middle East has lost — at least until a ceasefire changes the math.