Reports from Europe suggest that the sale of AccorHotels’ real-estate arm, HotelInvest, is poised to be sold. Last summer,ÊEuropeÕs biggest hotel operator announced plans to spin off the unit and eventually sell a majority stake.ÊThe move was expected to free up funds for the parent company to expand and improve existing properties.
Choice Hotels CEO calls on Trump “to be a champion for travel”
Rules and regulations were clearly on Choice Hotels CEO Steve JoyceÕs mind when he opened the 63rd Annual Choice Hotels Convention at Mandalay Bay Resort, as he launched into a discussion on theÊTrump administration in WashingtonÊand what new policies could mean for hotel franchisees.Ê
Rapid growth of budget hotels in the UK leaves other brands stagnating
Budget hotels now account for nearly two-thirds of the UKÕs top ten brands as global hotel companies continue to diversify from their traditionally more upmarket offerings to the ever-popular budget sector. According to Hotel Bulletin Q1 2017, Premier Inn and Travelodge between them account for 52 per centÊof all branded rooms in the UKÕs top ten and are also the most active in terms of future growth.
Princess Cruises to name next ship Sky Princess
Princess CruisesÊannounced today its fourth Royal-class ship will be namedÊSky Princess. Sister ship to Royal Princess, Regal Princess and Majestic Princess, Sky Princess is scheduled to debut in October 2019 on a series of Mediterranean voyages. @PrincessCruises
Japan set to get more playful and more curious by adding Moxy
Moxy Hotels, Marriott InternationalÕs experiential hotel brand created for a new generation of fun hunting travelers continues its rapid global expansion with the announcement of two new properties in Japan. Moxy Tokyo Kinshicho and Moxy Osaka Honmachi are both set to open in late 2017, further expanding the brandÕs presence in the Asia Pacific.
Hotel sector must cut carbon footprint by 90% to meet 2-degree climate threshold
A new report from the International Tourism Partnership (ITP) reveals that the hotel sector must reduce its carbon footprint by 90% by 2050 to play its part in keeping global warming below 2 degrees Celsius
2017 UNWTO/WTM MinistersÕ Summit: 60 Tourism Ministers gather to discuss ÔovertourismÕ
Ministers of Tourism from 60 countries and leaders from private sector companies and associations will summon next week at the Ministers Summit organized by the World Tourism Organization (UNWTO) and the World Travel Market in London to discuss the challenges of sustainable tourism.
2018 EU-China Tourism Year: The World Bridge Tourism conference
In one of the last actions before the official kick-off of the 2018 EU-China Tourism Year, a conference and B2B matchmaking event are taking place in London on 2-3 November.
Summit Hotel Properties prices public offering of 6.25% Series E Cumulative Redeemable Preferred Stock
Summit Hotel Properties, Inc. announced today that it has priced an underwritten public offering of 6,400,000 shares of its 6.25% Series E Cumulative Redeemable Preferred Stock (the ÒSeries E Preferred StockÓ) at a public offering price of $25.00 per share, for gross proceeds of $160 million.
Hotel industry veteran launches consultancy
A Dubai-based hospitality industry veteran, Gaurav Sinha, has set up a consultancy called Quillon Hospitality to offer development and management advisory. ÒThe past few years have brought immense shake-ups and formative change within almost every facet of the hospitality sector,Ó said Mr Sinha.
