Hospitality industry news worldwide covering lodging, restaurants, catering, travel, airlines and hotel industry.
Hospitality Industry News
1Anbang Insurance Group had completed most of its US$6.5 billion acquisition of Strategic Hotels & Resorts, helping to bolster the Chinese company’s credibility as a global buyer after its abrupt withdrawal from the bidding war for Starwood Hotels & Resorts Worldwide earlier this year, Bloomberg reported. The
Hospitality Industry News
Best of hospitality in the news – part 4 – 27 September 2016 Anbang Said to Complete Most of $6.5 Billion U.S. Hotels Deal Anbang Insurance Group Co. completed most of its $6.5 billion acquisition of Strategic Hotels & Resorts Inc., helping to bolster the Chinese company’s credibility
Hospitality Industry News
Paris – 27 September 2016 A new hostel concept for townsters and tripsters, Accor plans to launch with ‘Jo & Joe’. 50 low budget hotels are planned until 2020. Where the first project will be opened, is not scheduled yet. 1 1 1 Jo & Joe is a design work of
Hospitality Industry News
Miami – 26 September 2016 Since three days, Marriott Int. is the largest hotel group of the world. It’s first actions since the fulfilled take-over of Starwood Hotels were the opening of the third Aloft hotel in Germany’s capital of Berlin and designing a brand-new room concept
Hospitality Industry News
Las Vegas – 26 September 2016 1Caesars Entertainment Corporation (CZR) and Caesars Entertainment Operating Company (CEOC) and its Chapter 11 debtor subsidiaries announced that there are ongoing discussions among Caesars Entertainment, the Debtors and all of CEOC’s major creditor constituencies to reach an agreement on a consensual debt restructuring. Caesars
Hospitality Industry News
A Hyatt affiliate has sold the Hyatt Regency Birmingham in the UK for approximately £38.6 million to an affiliate of Bin Otaiba Investment Group. 1 The purchaser will also spend approximately £2.7 million in additional capital expenditures to further improve the property over the next three years. As
Hospitality Industry News
1South Korean prosecutors asked a court to approve an arrest warrant for the chairman of the Lotte Group conglomerate on suspicion of embezzlement and breach of trust, Reuters reported. The arrest warrant request comes after Lotte Chairman Shin Dong-bin, 61, was questioned by prosecutors in an investigation that has
Hospitality Industry News
1Marriott International plans to almost double its workforce in the Middle East and Africa over the next three years. The company expects to add 30,000 more people to its regional workforce of 41,000 as new properties are opened, Marriott’s regional president Alex Kyriakidis said. About 6,000
Hospitality Industry News
1Marriott International, which became the world’s largest hotel operator with its US$14 billion purchase of Starwood Hotels & Resorts Worldwide, is moving to combine the companies’ frequent-guest programmes as it integrates 10 new brands into its stable of 17 chains. Members of Starwood’s loyalty programme will
Hospitality Industry News
1Marriott International has completed its acquisition of Starwood Hotels & Resorts Worldwide, creating the world’s largest company. Marriott now offers a comprehensive portfolio of brands including leading lifestyle brands, a significant global footprint, and leadership in the luxury and select-service tiers as well as the convention and resort
Hospitality Industry News
Frankfurt, Germany 27 September 2016 Exclusive interview with Puneet Chhatwal, CEO of Steigenberger Hotel Group about the latest hotel concept Jaz 1Which kind of event concept is the most promising one for Jaz? Are there any findings of market research studies? Puneet Chhatwal: We didn’t commission any market research
Hospitality Industry News
Hamburg, Germany – 23 September 2016 1Hospitality industry need more qualified employees – Manpower shortage slows tourism development worldwide. To boost talent development, hotel groups have to launch their own academies, Mr. Michael Lidl of Treugast Solutions Group revealed. German hotel chains like Steigenberger Hotel Group, Motel One, H-Hotels and A&