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Hotels
No, it's not a low-carb diet club. Palisociety is a brand of 15 boutique hotels. Its design philosophy represents a percolating sector trend.
Leslie Barrie | 1 year ago
We bet that Hyatt or one of its rivals will partner with Meliá by 2025, adding a bigger loyalty program and scale efficiencies. But the Spanish leader in resort locations worldwide should reject any offer that would dilute its strategy. Call it turn-down service.
Sean O'Neill | 1 year ago
News Blog
In full-year 2022, the Loews Hotels chain of 25 luxury properties generated $345 million in adjusted earnings before interest, taxes, depreciation, and amortization — a measure of profit — on revenue of $721 million, its parent company reported on Monday. The hotel unit’s adjusted earnings were roughly 51 percent higher than the pre-pandemic 2019 adjusted…
Jumeirah Group said on Monday it had bought the Le Richemond, a five-star hotel on Lake Geneva. The move signaled that the luxury hospitality company based in the United Arab Emirates is focused on growing worldwide in key gateway cities. Le Richemond is the fifth European property to be acquired by Jumeirah, which operates a…
Starwood Capital has bet on two trends with SH Hotels. It seems likely that the rich will get richer, boosting demand for luxury hotels. It also seems likely climate change will worsen, increasing the demand for sustainability.
Marriott International revealed on Monday its full-year totals for hotel development in 2022. The most notable figures highlighted a further push by the world's largest hotelier into the luxury and extended-stay segments. The operator of brands such as Ritz Carlton, Bvlgari Hotels, W, and Edition last year signed deals to develop 42 luxury hotels —…
Entrepreneur Richard Branson and Virgin Group announced a reorganization of their hotel brands on Thursday. Virgin Group, which owns a half-dozen luxury Virgin Hotels, will take control of Branson's private collection of hotels, retreats, and islands (including Branson's own much-hyped Necker Island), marketed as Virgin Limited Edition. Both brands will now fall under Virgin Group's…
Tourism
The travel industry still has critical issues to tackle on its quest to boost tourism numbers coming outside out of the pandemic. Watch global tourism reporter Dawit Habtemariam explain in this Skift Megatrends video what those challenges are.
Rashaad Jorden | 1 year ago
It's no small feat for Loes Dingemans to grow a boutique hotel chain to six properties during a pandemic. But she may face high barriers to expanding the Pillows brand across Europe.
