Bain Capital Special Situations (“Bain Capital”) and Smith Hill Capital (“Smith Hill”), an affiliate of Procaccianti Companies, today announced the formation of a joint venture to originate debt and preferred equity to serve the financing needs of companies and assets in the hospitality sector. The platform launches with the objective of deploying $1 billion of gross capital over the next several years.
Dubai Business Immigration Forum urges UAE startups to look for UK, Canada startup visas for global footprint
As UAE’s business and trade relations with the UK and Canada flourish, the collaboration is the key in current economic circumstances to set global footprint for UAE startups. Canada and the UK Startup Visa Programmes in innovation and tech are in high demand in these countries. The potential for UAE startups and entrepreneurs is significant at the back of UAE’s current trade volume with the UK at US$28.4 Billion (AED104 billion) and US$2.9 Billion (AED 10.6 billion) with Canada.
The Global Education Forum puts a spotlight on the future of tourism
The UNWTO General Assembly looked to the future with a focus on tourism education and training. The Global Education Forum brought together Ministers, employers, educators and learners to address the biggest challenges and opportunities for advancing training across every part of the sector.
Westin Hotels & Resorts Washington, DC Hotel sets new standard for wellness travel
Westin Hotels & Resorts, part of Marriott Bonvoy’s portfolio of over 30 extraordinary hotel brands, today unveils its latest offering in Washington, DC – Westin Washington, DC Downtown. After a nearly $80 million investment by ownership group, Sunstone Hotel Investors, the 807-room hotel will offer a sophisticated and contemporary blend of well-being experiences, designed for guests to feel inspired, to rejuvenate, and to maintain their wellness routines while on the road.
Sustainable Tourism Global Center and WTTC unveil pioneering global research on travel & tourism
In a defining moment for the global Travel & Tourism sector, the World Travel & Tourism Council (WTTC) and the Sustainable Tourism Global Center (STGC) initiated by the Ministry of Tourism of Saudi Arabia today released the latest industry-shaping Environmental Impact Research data.
Choice Hotels calls on Wyndham Hotels & Resorts to engage in discussions
Choice Hotels International, Inc. (NYSE: CHH) (the “Company” or “Choice”), today called upon the board of directors of Wyndham Hotels & Resorts, Inc. (NYSE: WH) (“Wyndham”) to engage in good faith discussions so that shareholders of both companies can benefit from the compelling combination.
IHG Hotels & Resorts renews Clark Atlanta University partnership to help build early career talent pipeline
Clark Atlanta University (CAU), the first Historically Black College and University (HBCU) in the southern United States, and IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, hosted an event earlier this month highlighting the importance of corporate HBCU partnerships to support student success. Together with CAU students and leaders, IHG announced it would again renew its commitment to CAU as a Premier Corporate Partner for 2024 and unveiled a renovated student lounge at the School of Business.
Marriott Bonvoy and Rappi join forces to offer great benefits to joint members in Mexico
Marriott International announced that starting today, members of Marriott Bonvoy®, Marriott International’s award-winning travel program and marketplace, and Rappi users in Mexico who link their accounts will enjoy special benefits and more opportunities to accumulate points. Benefits will include:
WTTC partners with GSTC to strengthen global hospitality standards
The World Travel & Tourism Council (WTTC) and the Global Sustainable Tourism Council (GSTC) have today announced a major new partnership, aligning to establish a structured framework for hotel sustainability, leading to GSTC Certification.
General Assembly concludes with clear vision for UNWTO and Tourism
Global tourism leaders have further advanced plans for a more ethical, diverse sector led by a growing UNWTO. The 25th session of the UNWTO General Assembly convened for a second day to examine, discuss and approve the Organization’s work, with a focus on expanding its global presence, ethics and legal frameworks and the role of public-private partnerships
