Akamai Technologies, Inc., the cloud company that powers and protects life online, today released a new State of the Internet report that spotlights the increasing number and variety of attacks on the commerce sector. Entering through the Gift Shop: Attacks on Commerce finds that in Asia Pacific and Japan (APJ), over 1.15 billion web attacks* were recorded in the commerce sector, across retail and hotel and travel verticals.
UNWTO and MSC Foundation look to net-zero future on World Ocean Day
To mark the official naming of the MSC Euribia ship, MSC’s most energy-efficient to date, international leaders from the worlds of science, policymaking and business explored new paths to responsible consumption and production in tourism as a key strategy for transitioning to a regenerative, carbon-neutral, and circular blue economy.
U.S. hotel results for week ending 3 June
As expected with the Memorial Day holiday, U.S. hotel performance decreased from the previous week, according to STR‘s latest data through 3 June.
Hyatt’s transformative growth continues: More markets, More segments, More opportunities
Hyatt Hotels Corporation announced the completed acquisition of London-based Mr & Mrs Smith, a global travel platform that provides direct booking access to a carefully curated collection of more than 1,500 boutique and luxury properties. With this addition to the portfolio, World of Hyatt members will soon have even more rewarding stays and experiences to choose from, including more than 20 new countries for Hyatt such as Fiji, Croatia, Iceland and Anguilla. Hyatt acquired 100 percent of the asset-light Mr & Mrs Smith platform for an enterprise value of £53.0 million in cash consideration. The purchase price represents an attractive acquisition multiple in the high-single digits on projected stabilized earnings.
Marriott International signs agreement with Hiap Hoe Limited to bring the Aloft Hotels brand to Singapore
Marriott International, Inc. today announced it has signed an agreement with Hiap Hoe Limited, through HH Properties Pte. Ltd, to bring the design-forward Aloft Hotels brand to Singapore. Following a strategic conversion, the signing of the 785-room hotel expects to open in Q3 2023, marking the Aloft brand’s debut in Singapore and the largest Aloft hotel in the world.
Sofitel Melbourne on Collins wins three awards for its diverse MICE offering
Sofitel Melbourne On Collins has cemented its position as Melbourne’s most versatile MICE hotel after being recognised with not one, but three awards in recent weeks including the Meeting & Events Australia (MEA) Victorian State Award for Special Event of the Year, The Green Room Award – Cabaret Best Ensemble for its partnership and delivery of FUTURE. JOY. CLUB and also Highly Commended in the Wedding Industry Awards.
IHG strengthens regional footprint with first voco resort signing in the Middle East and Africa Region
IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a Management Agreement with Akam Al Rajhi, a joint venture between AkamAlRajhi and Al Rajhi Saudi groups. With this signing, IHG continues to expand their footprint across the MEA region and diversify their portfolio, as part of the company’s ambitious growth strategy.
Cvent and GBTA sheds light on the transforming role of the corporate travel manager
Like most of us, corporate travel managers can divide their careers into two distinct eras: before COVID and after COVID. And like most professions, the ongoing adjustments for travel managers to their responsibilities, compensation, and job satisfaction reflect an industry that’s ripe for change while still adhering to some past truths.
UNWTO and MSC Foundation to deliver sustainable tourism education at sea
The initiative builds on the success of the first Global Youth Tourism Summit, held in Sorrento, Italy, in 2022, and will see the creation of the MSC Foundation Youth Lab, a specially-equipped venue on the advanced new eco-ship. One of the core programmes to be offered in the Youth Lab will be “GYTS for MSC: A Sustainable Future for Our Next Generations”, designed in close partnership with UNWTO.
STR, TE lift U.S. ADR and RevPAR forecast; profit growth to be limited
STR and Tourism Economics upgraded the 2023 U.S. hotel forecast just presented at the 45th Annual NYU International Hospitality Industry Investment Conference. While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.
