Hyatt Hotels Corporation and Hongkong Land today announced that a Hyatt affiliate has entered into a management agreement with Hongkong Land for a new Hyatt Centric hotel – Hyatt Centric East CBD Chengdu. Expected to open in 2025, the hotel’s opening in the capital of Sichuan province will mark the entry of the Hyatt Centric lifestyle brand into China’s southwest region. Hyatt’s thoughtful expansion of the Hyatt Centric brand further bolsters Hyatt’s commitment to enhancing its lifestyle portfolio in more sought-after leisure destinations.
Centara Grand named strongest brand in Thailand by Brand Finance
Centara Hotels & Resorts, Thailand’s leading hotel operator, is thrilled to announce that its flagship brand, Centara Grand, has been recognised as the strongest brand in Thailand by Brand Finance’s prestigious Thailand 50 2023 report. This esteemed ranking highlights Centara Grand’s exceptional performance in terms of brand equity, trust, and value over the past year.
IHG Hotels & Resorts Kicks Off 2023 – 2024 German Football Season with RB Leipzig Partnership
IHG Hotels & Resorts continues to grow its roster of partnerships across the globe, today announcing a new partnership with leading German football club, RB Leipzig, to become the Official Partner for the club during the 2023 – 2024 season.
Ascend Hotel Collection expands footprint in key markets worldwide
The Ascend Hotel Collection, part of Choice Hotels International, Inc. (NYSE: CHH), continued 2023 with an impressive second quarter, reinforcing its position as the largest single collection of independent hotels worldwide. The Collection awarded six new agreements and added seven new properties to its domestic portfolio in the second quarter of 2023, providing guests with even more options coast to coast.
Global business travel and events costs expected to remain elevated through 2024, reflecting ‘true new cost of travel’
Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. This is according to the 2024 Global Business Travel Forecast, published today by CWT, the business travel and meetings specialist, and the Global Business Travel Association (GBTA), the world’s largest business travel trade organization.
Meyer Jabara Hotels’ journey culture reaping a 75% employee retention rate
Meyer Jabara Hotels is reporting a 24.20% turnover rate through the first half of 2023. With the U.S. Bureau of Labor Statistics citing 70% to 80% turnover annually as the industry norm, this 46-year-old hotel ownership and management group is obviously doing something right. With hotel operators still feeling the sting of the “Great Resignation,” MJH is revealing its secret to employee retention success.
Elise Capital accelerates growth with acquisition of Holiday Inn Express & Suites
Elise Capital, a hotel real estate investment firm, announced today the acquisition of the Holiday Inn Express & Suites Picayune-Stennis Space Center, located in Picayune, Mississippi. This property marks the firm’s third hospitality acquisition in the last two years.
Pipeline in Canada is up; Toronto and Vancouver with impressive pipelines at Q2 2023
As seen in the recently released Canada Construction Pipeline Trend Report from Lodging Econometrics (LE), the total construction pipeline in Canada continued to expand at the close of the second quarter with 275 projects/37,359 rooms, up 5% by projects and rooms year-over-year (YOY).
Cora Cora Maldives receives the Green Globe Certification for the second consecutive year
The five-star resort has been awarded the coveted Green Globe Certification for the second year running. Cora Cora Maldives remains the only hotel in the Raa Atoll to be Green Globe Certified – a true testament to the work and dedication the resort’s staff puts into creating and implementing its comprehensive sustainability plan.
Marriott Bonvoy expands with integration of City Express by Marriott
Marriott International today announced that City Express by Marriott properties has transitioned into the company’s award-winning travel program and marketplace, Marriott Bonvoy. Members can now earn points at nearly 150 additional hotels in the Caribbean and Latin America, further expanding choice and offerings.
