Hospitality Financial and Technology Professionals (HFTP®) announced the HITEC Investment Conference (HITEC-IC), a new event designed to connect hospitality technology company executives with the investment community. Scheduled for June 27–28, the conference will be co-located with the 2024 Hospitality Industry Technology Exposition and Conference (HITEC®) where 325+ companies, from start-ups to established global brands, will present the latest innovative technology solutions to the hospitality industry.
Marriott International declares quarterly cash dividend
Marriott International, Inc. today announced that its board of directors declared a quarterly cash dividend of 52 cents per share of common stock. The dividend is payable on March 29, 2024, to shareholders of record as of the close of business on February 22, 2024.
Hilton partners with Small Luxury Hotels of the World to expand portfolio
Hilton and Small Luxury Hotels of the World (SLH) today announced an exclusive strategic partnership that will welcome Hilton guests to hundreds of independently-minded luxury hotels in the most sought-after destinations around the world. The partnership will dramatically expand the luxury experiences offered by Hilton as unique, SLH properties join the unparalleled hotels of the growing Waldorf Astoria, Conrad and LXR brands.
Resort’s new sustainable farm feeds mouths and minds
With 8500sqm of its 12 beachfront hectares dedicated to cultivating an array of vegetables, fruits, herbs, and eggs for meals for guests and staff, a luxury resort has launched a program for children to learn about sustainable farming.
Hotel sector bucks the trend with increase investment activity in 2023
Japanese investors trumped buyers from North America, Hong Kong and Singapore to be the most active offshore capital in Australia’s property sector last year, new CBRE data shows. CBRE’s Australia Capital Flows report tracks investment across the office, industrial, retail, hotel and living sectors.
Choice Hotels named by AAA and CAA as their new hotel supplier in a decade
Choice Hotels International, Inc. announced its collaboration with AAA and CAA to bring exclusive discounts and promotional offers to AAA and CAA’s more than 64 million members.
Extended Stay America celebrates 20% growth in franchise portfolio
Extended Stay America, the leading mid-price extended stay brand, announced today its growth outlook through franchising, following the momentum from a strong year of milestones, including 20% growth of its franchise portfolio across its family of brands: Extended Stay America Premier Suites, Extended Stay America Suites and Extended Stay America Select Suites.
Expedia Group and American Express GBT partner to tackle travel fraud
Expedia Group announced today that American Express Global Business Travel (Amex GBT) will use Expedia Group’s Fraud Prevention as a Service (FPaaS) solution for travel bookings on its Amex GBT Egencia solution. FPaaS blocks fraudulent transactions before they happen, reducing unscrupulous activity and enabling more protection for their clients.
Agoda CEO: ‘Travel industry off to a great start in 2024’
Based on the first month of the year, 2024 could be a great year for travel, predicts Omri Morgenshtern, CEO of digital travel platform Agoda. Speaking at the ASEAN Tourism Forum 2024 (ATF) in Laos on January 26, Morgenshtern noted that the new year has been off to an enthusiastic start as it builds on the momentum from 2023 and with tourism prominently on the agenda.
S Hotels & Resorts reinforces focus on profitability with THB 12bn target in total revenue
S Hotels and Resorts PCL, announced business strategies to boost profitability with the target to achieve THB 12 billion in total revenue for 2024 across five markets globally.
