Extended Stay Remains Resilient Amid Continued Uncertainty
Travelers today are more price-conscious than ever…
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Extended Stay Remains Resilient Amid Continued Uncertainty
Travelers today are more price-conscious than ever…
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A New List of the Most Valuable Public Travel Companies
While the old school travel industry still dominates in stock market valuations, there’s no doubt that Airbnb has caused disruption. Even after the devastating pandemic, travel stocks are still a powerful option…
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Nobody Asked Me, But… No. 254: Hotel History: St. Regis Hotel
In 1904, Colonel John Jacob Astor broke ground for the building of the St. Regis Hotel at the corner of Fifth Avenue and 55th Street, in the most exclusive residential section of New York at the time.
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Microtel by Wyndham to Open 20 New Hotels in Greater China by the End of 2022
New properties in Tianjin and Kunming contribute to the nationwide expansion of Microtel, as Wyndham makes 14th brand available for development in China
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IHG and Josh.ai Create Voice-controlled Smart Hotel Room
Introducing artificial intelligence in a way that feels natural. IHG Hotels & Resorts has designed the hotel room of the future, partnering with Josh.ai to create a voice-controlled smart room at the Kimpton Rowan hotel in Palm Springs, CA…
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Hyatt to Acquire Apple Leisure Group from Kkr and KSL Capital Partners Affiliates for $2.7 Billion
Hyatt Hotels Corporation (NYSE: H) announced that Hyatt has entered into a definitive agreement to acquire Apple Leisure Group (ALG), a leading luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL…
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Lodging Econometrics: Global Hotel Construction Pipeline Slightly Decreases
Lodging Econometrics (LE) has released its Global Hotel Construction Pipeline Trend Report, which compiles the hotel construction pipeline counts for every country and market around the world.
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Hyatt Teams Up with Gopuff to Offer Everyday Essentials On-the-Go
The pilot program rolls out today with free deliveries at select Hyatt Place locations in the U.S., expanding the brand’s Necessities Program.
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Plaza Premium opens “land-to-air premium airport experience” at new Qingdao airport
Plaza Premium has unveiled what it is referring to as its first “land-to-air premium airport experience” at the newly opened Qingdao Jiaodong International airport.
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Global pipeline projects in early planning stage rise
Lodging Econometrics (LE) has released its Global Hotel Construction Pipeline Trend Report, which compiles the hotel construction pipeline counts for every country and market around the world.
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Choice Diversifies Extended-Stay Portfolio With “Out of the Box” Conversions
According to Ron Burgett, senior vice president, development, extended stay for Choice Hotels, there continues to be plenty of room for growth in the extended-stay market, which proved to be especially durable during the pandemic, partly because it…
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Microsoft Pumps $5 Million Into India’s Oyo Ahead of Its Planned Public Listing
Microsoft Corp has invested $5 million in SoftBank-backed Oyo, according to a regulatory filing, ahead of the Indian hotel chain’s plan to go public.
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Lybra CEO on big data’s role in revenue management
Big data is a term that has been used by analysts in this industry and many others…
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Founder Dave Johnson departs Aimbridge Hospitality
Dave Johnson, founder/executive chairman, Aimbridge Hospitality, has left the company to pursue other external opportunities.
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Third-party management: What hotel owners should consider
Most people in the travel business, and many outside it, are familiar with three primary models of hotel operations – owned, managed, and franchised. In Asia, the first two models have ruled the roost for several decades. Most established brands…
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Don’t Call Us Oyo: Online Travel Veterans Launch Hotel Distribution Network With Distinct Model
Bob Diener and David Litman, the sexagenarian duo who co-founded Hotels.com and Getaroom, are back with the launch of a unique hotel distribution network in the U.S. that offers mostly 3-star hotels a minimum revenue guarantee…
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Porsche Design and Steigenberger to Establish Joint Hotel Brand
Functional design and a unique brand experience are about to merge at the very highest level. Dr…
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HYATT ACQUIRES APPLE LEISURE GROUP FOR $2.7B
Hotel giant Hyatt will spend $2.7 billion in cash on acquiring Apple Leisure Group from its private equity ownership.
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