Spanish hotel chain ceases operations in Cuba under pressure from Washington
Meliá group says Donald Trump’s sanctions make it ‘impossible’ to keep any of its 34 sites open.
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The hotel industry’s biggest success story
The world's largest hotel may grab the headlines, but the hotel industry's greatest success story lies elsewhere.
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Transactions have picked up in Germany after years of modest performance compared to other European markets, but as operational costs impact profitability and stakeholder relations are shaken by the recent Revo insolvency, what are the prospects for…
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IHG's India hotel portfolio set to triple in 5 years: CEO Elie Maalouf
British hospitality giant IHG Hotels & Resorts is set to more than triple its open and in pipeline hotel portfolio in India to 400 over the next five years, according to the company’s top executive.
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Hospitality management group Sommet Education appoints Spencer Coles as new Chief Executive Officer
Sommet Education, the world-leading network of hospitality management and culinary arts institutions including Glion Institute of Higher Education, Les Roches, École Ducasse, Indian School of Hospitality and Invictus Education, is pleased to…
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Why Hospitality Education Needs a Reality Check
For much of the late twentieth century, hospitality education was a model of how academia could work hand in hand with industry. The UK led the world in creating postgraduate programmes that balanced academic rigour with real-world relevance…
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PHL, a ‘niche’ hospitality growth market
SMALL but resilient. This was how the Philippines’ publicly listed hospitality companies and travel firms are described in an investment brief, having grown by 63 percent in revenue to US$1.8 billion (P102.96 billion) in the last three years…
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Bain takes stake in struggling French group
Les Hôtels de Paris now has the capital and plan in place to settle its liabilities and finance development.
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Why Asian investors are zeroing in on Europe
The flow of Asian capital into European hotel and living real estate is expected to increase over the coming years, according to industry experts.
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Asset sales after Hyatt’s Playa deal will be key
If everything goes according to plan, Hyatt expects to own Playa next week. But the real estate sales announced after will have everyone’s attention.
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The School of Hotel and Tourism Management (SHTM) of The Hong Kong Polytechnic University (PolyU) is delighted to announce that Mr William HEINECKE, Founder and Chairman of Minor International PCL, was inducted into the SHTM Gallery of Honour on 16…
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Hyatt expands in Caribbean, Mexico with $2.6 billion Playa Hotels acquisition
Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, the company said on Monday, seeking to boost its presence in Mexico and the Caribbean.
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Grivalia Hospitality Appoints Natalia Strafti as New CEO
Grivalia Hospitality, a leading investment company in the luxury hospitality sector, recently announced the appointment of Natalia Strafti as its new Chief Executive Officer.
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Blackstone pours more than €500mn into southern European hotels
Blackstone has invested more than half a billion euros into hotels in southern European holiday spots over the past year, as the world’s largest real estate investor continues to expand its vast portfolio to capitalise on booming post-pandemic…
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Leadership Change at the Helm of Peninsula Hotels
In the span of a few months, the Chief Operating Officer, Peter Borer, and the Chief Executive Officer, Clement Kwok, will retire, passing their respective batons to Gareth Roberts and Benjamin Vuchot…
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IHG Hotels & Resorts Chases Sustainability With Low Carbon Plan
How sustainable can a hotel chain become? IHG Hotels & Resorts is trying to find out by launching its Low Carbon Pioneers program, aimed at encouraging wider adoption of carbon reduction practices across the hotel chain. I asked CEO Elie Maalouf…
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Vatel Group expands with new Vatel Academy in Lyon
The Vatel Group has officially announced the opening of the Vatel Academy in Lyon.
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Guesty, a leading software platform for property management in the short-term rental (STR) and hospitality sector, has announced a Series F funding round of $130 million. The round was spearheaded by KKR, a global investment firm, with Inovia…
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