Hospitality Industry News
Phnom Penh, Cambodia – 19 December 2017 – Ride-hailing firm Grab launches services in Cambodia, expanding its presence to an eighth country in Southeast Asia as it looks to cement its regional dominance over rival Uber. The Singapore-headquartered firm’s expansion into Cambodian capital Phnom Penh, its 156th city in the region,
Hospitality Industry News
Sydney – 19 December 2017 – Chinese conglomerate Fosun has sold off its first investment in Sydney’s property market as Beijing’s crackdown on overseas deal-making has forced several Chinese companies to dial back on some ambitions abroad. Fosun, one of China’s most prolific deal-makers, sold its 95 percent stake
Hospitality Industry News
Singapore – 19 December 2017 – Kwek Leng Beng, the Singaporean billionaire attempting to take over Millennium & Copthorne Hotels, defended his bid after a group of investors argued it was too low and sought to block the deal. 1 Millennium Copthorne Bejing The chairman of City Developments Limited (CDL), which has
Hospitality Industry News
London – 13 December 2017 – European tourism group TUI is putting contingency plans in place for Britain’s exit from the European Union, aiming to address potential problem areas such as flying rights, visa requirements and changes in demand, Reuters reported. 1 “Whilst we are not able to control the outcome
Hospitality Industry News
Yangon, Myanmar – 13 December 2017 – The 336-room Pan Pacific Yangon opens its doors officially in Yangon, with more than 350 guests turning up for a first look of the hotel at a grand ceremony. 1 General manager William Lau has an extensive sales and marketing background spanning 20 years and
Hospitality Industry News
Hong Kong – 12 December 2017 – Southeast Asia’s internet economy, spanning online travel to ride-hailing, will reach US$50 billion this year, putting it on a solid trajectory to grow fourfold by 2025, according to a joint research report by Google and Temasek Holdings. As more consumers buy airline tickets
Hospitality Industry News
Beijing – 12 December 2017 – HK CTS Hotels and Kew Green Hotels sign a strategic partnership with InterContinental Hotel Group to manage hotels in mainland China. 1 Crowne Plaza Beijing Lido The deal will see Kew Green Hotels manage the existing 466-room Crowne Plaza Beijing Lido in early 2018 and convert
Hospitality Industry News
Paris, France – 12 December 2017 – Airbnb has agreed to withdraw a payment system in France, suspected of facilitating tax avoidance after the government complained it could potentially be used to launder money and lead to a loss in revenues. The move followed a meeting between the accommodation rental website’s
Deutsch
Bad Doberan, 12. Dezember 2017 – Von Sandra Kloss-Selim – Unsere Glaubenssätze, auf denen wir unsere Realität aufgebaut haben, sind gut und richtig. Diese aber ab und an zu hinterfragen, kann uns in unserem Leben 1 manchen großen Schritt weiterbringen. Denn “eigentlich” brauchen wir alle ab und an einen Coach… 1 „Ich
Hospitality Industry News
Beijing – 11 December 2017 – China’s Huatian Hotel Group says it will sell 51 percent stake in the Beijing-based wholly-owned hotel management unit to a Hunan-based buyout fund, for 540 million yuan, Reuters reported, without giving further details. 1
Hospitality Industry News
Hong Kong – 11 December 2017 – Marriott International and YTL Hotels announce agreements for new hotels across Asia, strengthening both companies’ presence in the world’s fastest-growing region. The two companies agreed to develop two new luxury hotels in Malaysia under the JW Marriott and EDITION brands and signed MOUs for
Hospitality Industry News
London – 7 December 2017 – Whitbread shares jumped more than 7 percent after US-based hedge fund Sachem Head Capital Management declared a 3.4 percent stake in the British hotel and coffee chain operator. 1 Premier Inn bedroom Whitbread, owner of Costa Coffee and Premier Inn, has been the subject of