Articles tagged “ihg”

IHG is the latest travel company to revamp its loyalty program for a post-pandemic return of visitors, changes that, for one, tame owner labor costs.

Blackstone wants to capitalize on the upside of a travel recovery in hotels, and its investment in Groups360 is a small step. The upshot is it helps Groups360 triple the number of hotels it works with.

Although the American Hotel & Lodging Association is adamant that companies should resume large-scale business travel, hotels can't rely on it to drive their recovery. Corporate executives don't see the sector making a full rebound anytime soon — if ever.

China's national hotel performance sank amid an Omicron surge that is gripping major cities on the mainland as well as Hong Kong. But you wouldn't know that based on the development interest in the region from major companies like IHG.

Sonesta didn't go far in looking for a new CEO. John Murray's current employer, Service Properties Trust, is the lodging trust that severed contracts with Marriott and IHG and used those hotels to fuel Sonesta's ascent during the pandemic.

The Americas still takes the (slightly) biggest piece of IHG's development pipeline pie, but Greater China is vaulting forward each year with new signings and higher room counts for the company behind brands like Holiday Inn and InterContinental.

Although several hotel executives don't view the war in Ukraine as a drag on European hotel performance at the moment, their tune could change if the conflict continues to makes travel to Europe more difficult.

Western hotel companies are still operating in Russia, but this is a notable step for an industry that has been a holdout amid all the companies ditching their presence in the country following its invasion of Ukraine.

The pace of hotel development in the Middle East is picking up after a two-year dry spell. The key to making these hotels a success is showing this region is still a place to visit when the rest of the world is back to open borders and on a level tourism playing field.

Expedia Group stepped out of the pack and ceased offering travel to and from Russia because of Putin's invasion of Ukraine. The company doesn't have a ton of Russia-related business, so even if the move is more symbolic than anything else, it is an important statement.