Hotels.com is looking to the future by partnering with renowned futurist Dr. James Canton of the Institute for Global Futures for this study study. It uncovers how the travel and hotel experience will be different in a year, 25 years and as far ahead as 2060
New structure of Marriott brands explained
Marriott’s 30 brands now fall under four broad umbrellas: Luxury, Premium, Select and Longer Stays. Within each of those divisions, there are Classsic and Distinctive subsections.
Cornell study examines how bias affects hiring practices
New research from Cornell University shows that HR managers’ awareness of competence among job applicants and managers’ attitudes toward affirmative action programs help reduce prejudice in recruitment.
Sale of Carlson Hotels to HNA Tourism Group is completed
HNA is now under an obligation to either launch a mandatory tender offer for the remaining outstanding shares in Rezidor or sell down its ownership in Rezidor below thirty percent within four weeks from the completion.
Puerto Rico tourism holds steady in 2016 despite Zika
Since the start of Zika, total hotel registrations from Jan.-Sept. in 2016 are 1.6% above 2015 and non-resident hotel registrations are 1.4% above the record breaking year.
Banyan Tree and AccorHotels announce strategic partnership
AccorHotels will take a 5% stake in Banyan Tree to help it expand around the world. The deal also provides Banyon Tree access to AccorHotels’ global reservations and sales network and loyalty programme Le Club AccorHotels.
Global hotes and motel industry exceeds $719 billion
MarketLine’s latest report shows that the US and the UK form the two largest national hotel and motel industry markets, valued at $189.6 billion and $59.8 billion, respectively. China follows as a close third, with a value of $59.6 billion.
TripAdvisor announces Travellers’ Choice Destinations on the Rise list
The awards recognise 43 destinations around the world selected by an algorithm primarily measured by year-over-year increase in positive TripAdvisor traveller review ratings for accommodations, restaurants and attractions, and increase in booking interest.
Hotel investment climate remains favorable: Cornell Study
Prospects for hotel investors remain reasonably favourable even if interest rates move upward, based on an analysis of hotel capitalization rates.
Marriott doubles luxury footprint across eight brands
The Marriott International Luxury Brands group now includes the St. Regis, The Luxury Collection and W Hotels brands, in addition to the company’s hospitality hallmarks The Ritz-Carlton, Ritz-Carlton Reserve, Bulgari Hotels & Resorts, EDITION and JW Marriott.
