Good morning from Skift. It's Tuesday, June 14, in Puerto Rico (where the Skift Team is meeting). Here's what you need to know about the business of travel today.
Choice Hotels should be able to make good use of Radisson's Country Inn brand. Odds favor this transaction's long-term success. But the pact between frenemies Choice and Radisson is not without risk.
Global Hotel Alliance notches up 21 million members after signing up Spain’s NH Group. It might now have an eclectic mix of global independent brands, but will need to watch its rivals' next steps closely: if they're not merging, they're leveraging their considerably greater size and scale to secure new loyalty partnerships outside traditional hospitality channels.
Despite all the pessimism on Wall Street these days, plenty of companies are still out there looking and moving forward on deals. The hotel sector will remain in the spotlight.
Federico Gonzalez argues lifestyle hotels aren’t just for the well-heeled, and rivals are “punishing” guests with poor design. But it may be a challenge to roll out so many properties and keep them feeling unique.
Despite the worst of the pandemic being behind the hospitality industry, executives largely don't see a full recovery this year. It's hard for them to do so when the industry hasn't still solved its labor shortage problem.
While all signs indicate that the hotel industry will continue to make progress in its recovery this summer, the rebound may not be as large as expected as high gas prices could deter some travel.
As the economy extended-stay segment tends to perform well during periods of both economic boom and bust, Wyndham's new brand should put the company in a prime position to continue posting profitable quarters.
This North Carolina boutique property is bringing in retail partnerships to help it stand out from the crowd as more hotels start competing for the return of incentive and retreat bookings.