Hospitality Industry News
London – 30 March 2017 – A Bloomberg article details how Thomas Cook Group, the world’s oldest holiday company, is abandoning a decades-old approach of assigning different nationalities to specific hotels after a survey indicated that the bulk of its clients would be willing to vacation with a more diverse mix
Hospitality Industry News
Las Vegas – 28 March 2017 – MGM Resorts International names Aaron Fischer as chief strategy officer. 1 Aaron Fischer Fischer, who is currently based in Hong Kong and serving as senior vice president of corporate development for MGM Resorts, has been working closely on strategies for the global development of integrated
Hospitality Industry News
Rockville, Maryland – 28 March 2017 – Choice Hotels International CEO Stephen Joyce’s 2016 total compensation was US$6 million versus US$5.7 million in 2015 according to an SEC filing. 1 Steven Joyce
Hospitality Industry News
London – 28 March 2017 – Foreign holidays remain a top priority for Europeans despite economic and security worries, tour operator Thomas Cook said on Tuesday, reporting a 40 percent jump in bookings to Greece and signs of a recovery in travel to Turkey and Egypt. “Customers’ appetite to go abroad on
Hospitality Industry News
Sandton, South Africa – 27 March 2017 – South Africa’s casino and hotel operator Sun International scrapped its dividend, seeking to conserve capital to reduce debt and complete its 4.2 billion rand (US$340 million) Time Square casino as the firm reported a profit loss on Monday, Reuters reported. Sun
Hospitality Industry News
Hong Kong – 27 March 2017 – Sky100 Hong Kong Observation Deck and The Ritz-Carlton, Hong Kong jointly launch Café 100 by The Ritz-Carlton, Hong Kong, which they say “sets a new standard for observation decks worldwide”. 1 Sky100 Hong Kong Observation Deck “Since its opening in 2011, sky100 has been a
Hospitality Industry News
Paris – 25 March 2017 – AccorHotels and French investment firm Edmond de Rothschild are in talks to buy Groupe Potel & Chabot, a company with sales of around 100 million euros which runs upmarket conference centres and hospitality events. The acquisition of Potel & Chabot will strengthen AccorHotels’ hospitality business, with
Hospitality Industry News
Auckland, New Zealand – 23 March 2017 – Marriott International’s Four Points brand will debut in New Zealand with the opening of Four Points by Sheraton Auckland in late 2017. The 255-room hotel will be located in the heart of the city at 396 Queen Street, Auckland’s main retail and
Hospitality Industry News
Linzhi, Tibet – 23 March 2017 – Hilton Linzhi Resort opens in China’s Tibet Autonomous Region. The property is Hilton’s first hotel in the region and home to Tibet’s first nine-hole golf course. Located between the Himalayas and Yarlung Zangbo River, Hilton Linzhi Resort sits atop 800 acres dotted
Hospitality Industry News
San Francisco – 23 March 2017 – Last-minute US hotel booking app HotelTonight raises US$37 million in a funding round as it seeks to expand its international hotel network and invest in marketing campaigns. 1 The Series E funding round, which was led by venture capital firm Accel Partners and valued
Hospitality Industry News
Bethesda, Maryland – 22 March 2017 – Marriott International plans to add up to 300,000 rooms worldwide by 2019 as part of a three-year growth plan. The group, which also owns the Ritz-Carlton and St. Regis luxury hotel brands, said it would earn US$675 million in stabilized fees from hotel
Hospitality Industry News
Hoi An, Vietnam – 22 March 2017 – Rosewood Hoi An in Vietnam is scheduled to open 2019. Rosewood Hoi An will be part of the HOIANA integrated resort destination under development south of Hoi An town on Vietnam’s central coast. It will offer 70 guestrooms as well as 30 residences,