This all about the luxury sector, as Hyatt gains the UK-based agency's 1 million higher-spending members and could double the number of boutique and luxury properties it offers.
Overall, analysts at investment banks like what they hear from public hotel companies about their financial performance in the near term. But the lookout for 2024 is uncertain.
Six Senses CEO Neil Jacobs would like to multiply consumers' encounters with his brand beyond occasional hotel and resort stays. A potential paid membership product would let luxury travelers hop among new clubs, building on a model Soho House has popularized.
Hopefully this demand from travelers will encourage more tourism businesses to adopt sustainable practices as it now makes business sense for them to do so.
InterContinental Hotels Group (IHG Hotels & Resorts) CEO Keith Barr told the Financial Times this week that "several shareholders" had asked his team at an investor roadshow last month if…
India-based hotel ownership and asset management platform Samhi Hotels has refiled draft papers with the Indian stock market regulator Securities and Exchange Board of India (SEBI) to raise an initial…
Government agencies, planemakers, and telecom companies still have work to do to ensure safe flight operations around airports with 5G airwave infrastructure.
Progress has been made on environmental reporting by hotel companies, but major blind spots remain. The asset-light model being pursued by most large hotel companies jars with the need for greater oversight by head office to really track and improve emissions.
We've covered the environmental performance of hotel companies before, but that research was due an update. Much has happened in the world, and — probably unrelated — hotel companies have become better at setting emission reduction targets and reporting of current performance. Let's continue that trend.