Marriott International, Inc. today announced that it has received approval from Mexico’s Federal Economic Competition Commission, COFECE, for the acquisition of the City Express brand portfolio from Hoteles City Express, S.A.B. de C.V. (BMV: HCITY), paving the way for the company’s entry into the affordable midscale segment.
New report to support climate action in the tourism sector
UNWTO has released a new report highlighting the progress that global tourism has made in measuring greenhouse gas emissions as well as the challenges the sector still faces.
WTTC reveals Germany’s Travel and Tourism sector’s climate footprint
The World Travel & Tourism Council (WTTC) and the Saudi-based Sustainable Tourism Global Center have unveiled groundbreaking new data detailing the climate footprint of the Travel & Tourism sector in Germany.
Accor Pacific announces partnership with Ecotourism Australia
Australia and New Zealand’s largest hotel operator, Accor, has entered into a strategic partnership with Ecotourism Australia to certify all Accor hotels, apartments and resorts across Australia and the Pacific as Sustainable Tourism certified businesses.
UNWTO at ITB Berlin: setting priorities for tourism
UNWTO returned to ITB Berlin with a clear message: Tourism is back and committed to delivering positive change that goes beyond the sector itself.
It’s time to re-evaluate hotel performance metrics, says HVS
Hotel operators need to learn to manage the entire building they operate and start thinking of performance in terms of the total revenue or profit per available square meter, giving a more accurate assessment of the property’s success.
U.S. hotel results for week ending 4 March
U.S. hotel performance fell from the previous week, according to STR‘s latest data through 4 March.
Trip.com Group to deepen collaborations to promote Japan as a key destination
Leading travel service provider Trip.com Group today announced that it would strengthen collaborations with its stakeholders to promote and position Japan as a destination in a post-Covid environment.
Investors circling Australian hotels after 2022 transactions hit $2.14 billion
Australian hotel sales hit $2.14 billion in 2022 – the second highest transaction volume on record – with significant additional equity capital still on the sidelines waiting for signs of stabilisation in interest rates and inflation according to new CBRE research.
Meyer Jabara Hotels outperforming businesses inside and outside hospitality
Big news was revealed during the Meyer Jabara Hotels Leadership Conference last month. President Justin Jabara reported to representatives of the company’s 31 owned and managed hotels that the company is coming off a record-setting year.
