The launch of TriO Capital, the dedicated investment and asset management arm of the Ovolo Group, will facilitate the acceleration of its expansion efforts, with an initial focus on Asia Pacific. TriO, named after the three O’s in Ovolo, will have Tim Alpe, the group’s former COO for Hong Kong and Indonesia, at the helm supported by a dedicated team of acquisitions and investment experts including newly minted Vice President Kyu Baek Kim, a long-standing team member with an intricate understanding of feasibility and expert investment analysis across the region.
PMZ Realty Capital arranges over $60M financing for three Hilton branded properties
PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today that it arranged over $60M in financing in the last few weeks for three separate Hilton properties.
Swiss-Belhotel International and CTG Hotel, China’s largest tourism enterprise sign an alliance
Swiss-Belhotel International, the rapidly expanding global hotel management group, has signed a memorandum of understanding (MOU) with CTG Hotel, part of the largest tourism enterprise in China – China Travel Group. The partnership is set to significantly boost the Swiss-Belhotel International’s portfolio.
Marriott International and MGM Resorts International announce long-term license agreement
Marriott International, Inc. (Nasdaq: MAR) and MGM Resorts International (NYSE: MGM) announced today an exclusive long-term strategic licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which will launch in October 2023, and encompass 17 of MGM’s unrivaled resorts, representing more than 40,000 rooms in Las Vegas and other cities across the U.S.
VisitBritain kicks off football tourism campaign in lead-up to FIFA Women’s World Cup 2023
The FIFA Women’s World Cup Australia & New Zealand 2023 is fast approaching and VisitBritain is harnessing the opportunity to promote Britain as the home of football, kicking off a new campaign in Australia.
Accor empowers team at the Group’s first Pacific Leaders Conference
Accor, the largest hotel operator in Australia and New Zealand, hosted its first ever Pacific Leaders EMPOWERED Conference and Awards with more than 400 general managers and senior leaders from Accor attending from Australia, New Zealand, Fiji, French Polynesia, and across the world.
Global Travel and Tourism deals decline 38.8%
Several factors are affecting deal activity, including rising interest rates, the looming fear of recession, and ongoing geopolitical tensions.
U.S. hotel results for week ending 8 July
Due to constricted business travel during the Fourth of July, U.S. hotel performance fell from the previous week and showed weaker year-over-year comparisons, according to STR‘s latest data through 8 July.
Marriott International releases annual serve 360 report
Marriott International, Inc., today published its 2023 Serve 360 Report highlighting data as of year-end 2022 and shared the company’s continued progress on its Environmental, Social, and Governance (ESG) efforts. Marriott’s sustainability and social impact platform, Serve 360: Doing Good in Every Direction, guides the company’s efforts toward its 2025 Sustainability and Social Impact Goals. The full report can be accessed on the company’s Serve 360 website. Key report takeaways can be seen in the video below.
VisitEngland survey shows visits overall to attractions in 2022 still down more than a third on 2019
VisitEngland has today published its Annual Survey of Visits to Visitor Attractions for 2022 showing that while visits overall to attractions across England last year showed recovery, numbers were still significantly down on pre-COVID levels.
