The Four Seasons Research and Discovery Studio – or R&D Studio – id a collaborative workspace designed for experimentation and play at the company’s global headquarters in Toronto.
Wyndham expands rewards program to cover 17,000 vacation condos and homes
Loyalty program adds 17,000 new redemption options and will connect the majority of Wyndham Worldwide’s more than 120,000-strong property portfolio by late 2018.
Four Seasons launches ‘Taste of Place’ experiences
The global initiative offers new culinary and beverage-focused itineraries that take locals and guests on behind-the-scenes tours of the local food scene.
Hospitality money managers should avoid short-term trading: Cornell study
A new study from Cornell University suggests that professional investment managers often engage in short-term stock trading with poor results, which could have serious implications for hospitality firms with billions of dollars in pension funds.
Rezidor signs 1900 rooms during Q3
Year-to-date, the group has added 33 hotels and more than 6,400 rooms to its pipeline, and 14 new hotels with almost 2,700 rooms to operations.
Campanile to open 250 hotels in China by 2020
In order to optimize the brand’s arrival on its new market and adapt to the local clientele, Campanile and Jin Jiang teams worked hand in hand for a full year and together they will open an average of 1.5 hotel openings per week for the next four years.
$50 million in hotel room revenue lost during Hurricane Matthew
The overall loss will be higher once future lost business as a result of the extensive damage and renovations that many hotels will require prior to reopening is factored in.
IHG introduces new brands to AMEA region to drive lifestyle segment growth
A trio of lifestyle brands, EVEN, Hotel Indigo and Kimpton, are set to grow IHG’s development pipeline in key markets.
Best Available Rate replacing commercial demand at UK hotels
The study, Benchmarking Beyond RevPAR, revealed that the 235% growth in BAR bookings was at the expense of a 17.2% reduction in rooms revenue derived from commercial-related sources during the same 15-year period.
HNA Group buys a 25 percent stake in Hilton
The transaction is valued at approximately $6.5 billion, or $26.25 per share in cash, reducing Blackstone’s interest in Hilton to approximately 21 percent.
