Universal Music Group launches Umusic Hotels brand
Universal Music Group has partnered with investment group Dakia U-Ventures to launch new “music-based experiential” hotel brand Umusic Hotels.
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Hotel Giant IHG Data Shows Younger Travelers Now Prefer Much Shorter Booking Windows
The coronavirus pandemic continues to place a giant question mark around the travel industry and when demand will once again return to 2019 levels. Shifts in consumer behavior aren’t helping hotel companies like IHG plan for a recovery…
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Hospitality Schools Weigh the Pandemic’s Long-Term Impact on Travel Curriculum
The coronavirus pandemic continues to upend the global travel industry, but hospitality schools aren’t rushing to overhaul their curriculums around how to operate a travel business — yet.
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Hoteliers remain optimistic despite pandemic fatigue
Members of the Lodging Industry Investment Council look back at the months the U.S. hotel industry has grappled with the coronavirus pandemic and what they believe that means for hoteliers going forward…
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10 reasons corporate travel will outperform
Since that date, the U.S. hotel industry has been in survival mode – global borders closing, single-digit occupancies, shortfalls increasing – with an ambiguous timetable.
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Driftwood Capital gears up for ‘tsunami of deals’
Driftwood Capital expects a wave of distressed assets to hit the market within the next three to six months as government funding runs out…
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The pandemic hurt Richard Branson's business empire. He's looking for new deals anyway
The coronavirus pandemic has battered Richard Branson's business empire. Now, the billionaire is going on the offensive…
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Columbia Hospitality Program Places Executives With Clients
Management and consulting firm Columbia Hospitality, based here, has created an executive search program designed to place highly skilled and qualified candidates into positions in the hospitality industry…
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New US Oyo head sees opportunity in downturn
Kasra Moshkani, Oyo Hotels & Homes’ new head of business in the U.S., believes his company is poised for outsized growth based on its outperformance of competitors and its positioning within the broad marketplace…
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NYC restaurants can soon add a Covid-19 surcharge to customers' bills
New York City diners may soon see a Covid-19 surcharge on their bills as the restaurant industry continues to hobble due to the coronavirus pandemic.
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Asset managers: Owners must be the focus of comeback
While hoteliers would like to see a return to a robust demand environment sooner rather than later, asset management experts said it will be important to embrace cost cutting measures to ensure a return to profitability…
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The 'Fresh Prince of Bel-Air' mansion is on Airbnb -- for five nights only
Looking for somewhere fancy to chill out, max, relax all cool? Look no further than Airbnb, where Will Smith is offering fans the chance to kick back in the "Fresh Prince of Bel-Air" mansion, 30 years after his taxi first pulled up outside the…
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Hoteliers plan for a budget season unlike any other
With even less certainty about future performance than normal, hoteliers are changing how they prepare a budget as they get ready for 2021.
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Rival powers jockey for the lead in hypersonic aircraft
"I've spent my career on things flying fast," says Adam Dissel, who heads up the US operations of Reaction Engines. This British company is building engines that can operate at dizzying speeds, under conditions that would melt existing jet engines…
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US hotels employ fewer workers but at higher wages
Data shows most rooms-division workers have received pay raises, averaging around 4%.
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Year-Over-Year the Global Hotel Construction Pipeline Continues to Increase
The latest Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) states that the global hotel construction pipeline stands at 14,779 projects/2,412,736 rooms…
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US hotel profits at best level since start of pandemic
The latest P&L data from STR shows that U.S. hotel profitability picked up in July as more segments started to record positive performance.
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AHLA Survey: Frequent Travelers Cite Hotel Stay Priorities
A new national survey commissioned by the American Hotel & Lodging Association (AHLA) conducted by Morning Consult shows that a number of improvements to health and sanitation protocol at U.S…
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