Ace Hotel Appoints New Leaders After Failed 2023 Buyout Deal
The move marks another chapter in the evolving Ace Hotel brand story following the 2023 collapse of Sortis Holdings' attempted $85 million acquisition.
Future of Lodging
As the lines continue to blur between hotels and short-term rentals, Skift is focused on the technology and the consumer behaviors that are driving this. Follow our coverage across the wide world of lodging, from traditional hotels and motels to urban short-term rentals and traditional vacation rentals.
India’s Hotel Supply Crunch Set to Push Room Rates Higher
With hotel supply struggling to keep up with surging demand in India, room rates will go up. It's simple economics: less availability, higher prices. Get ready for a bump in your next hotel bill!
Dubai’s Jumeirah Group Chooses Thomas Meier as Next CEO
Thomas Meier has served as Jumeirah's interim CEO on two separate occasions. To execute Jumeirah's 2030 Mission, he would need to open 25 hotels in five years.
How Hilton Plans to Ride Asia’s Travel Boom
Hilton’s slow-and-steady approach has worked, but with travel demand booming across Asia-Pacific, especially in India and China, it might be time to speed things up.
Kerzner CEO Explains How to Scale New Brands While Keeping One&Only and Atlantis Exclusive
There's a funny thing about ultra-luxury: You want to grow because growth economies of scale are real. But also, if you grow too much, you're not exclusive anymore. Kerzner aims to thread that needle.
Hotel Deals Outlook: Hot for Luxury, Frozen for Mid-Size Properties
The U.S. hotel transaction market has split into a tale of two cities. The smallest and largest properties are trading hands, while deals in the middle (roughly ones worth $50 million to $250 million) are frozen.
Travel Startups Shattered Funding Records in 2024. We Tracked Billions in Deals
There were several fundraises in 2024 that topped anything the travel industry has seen in years. Travel startups raised billions more than in 2023 despite the number of deals being roughly the same.
The Pig’s Founder Shares the Recipe for the Boutique Hotel Brand
"People think this is some sort of property game," says Robin Hutson, founder of The Pig brand of boutique hotels. "It's not a property game. ... This is a people game."
Accor Bets on Luxury to Close Gap with Marriott and Hilton
Accor aims to expand its share of luxury hotels by debuting its Orient Express brand this year and fine-tuning its other brands, like Fairmont and Sofitel.
U.S. Hotels May Have Hit Occupancy Ceiling in 2024
Hotels aren't full! (Except in Manhattan.) One theory why is that corporate travelers — who used to book rooms for days or weeks at a time — are taking shorter trips because of hybrid work.