The president and CEO of Hyatt Hotels Corp., Mark Hoplamazian, expressed his optimism regarding the business travel sector during the company’s recent earnings call. Hoplamazian highlighted the impressive 6% year-over-year increase in systemwide first-quarter revenue from business-travel stays, with some segments experiencing even higher growth rates. He emphasized the strength of global business travel revenue,
Hotels
The aftermath of Choice Hotel International’s unsuccessful attempt at a hostile takeover of Wyndham Hotels & Resorts is still resonating within the industry. During the recent earnings call, Choice CEO Patrick Pacious addressed the lingering question of whether they would consider revisiting the merger in the future. While he didn’t outright reject the idea, he
In a recent panel discussion at the Preferred Hotels & Resorts Global Conference 2024, travel advisors discussed the shifting trends in luxury travel. One key point that emerged from the discussion was the fact that high hotel rates are becoming a concern for travelers. Silvio Rebmann, CEO of Cube Travel, noted that there is a
Disney Cruise Line has been identified as a key player in Disney’s growth strategy, with CFO Hugh Johnston highlighting the “enormous” opportunities that lie ahead for the cruise business. Johnston emphasized the high guest satisfaction scores associated with Disney cruises, indicating a strong foundation for future success. With new ships such as the Disney Treasure
One prominent tour operator in Italy, Perillo Tours, has recently faced a significant challenge due to changing booking practices among hotels in the country. These hotels have started prioritizing direct bookings and focusing on individual travelers rather than accommodating group bookings from tour operators like Perillo Tours. This shift has forced Perillo Tours to seek
Ariane Gorin will be taking on the role of CEO at Expedia Group with a clear focus on accelerating growth and sharpening the company’s long-term strategy for its consumer-facing business. This is in response to the “a lot of turbulence” the company has experienced in recent years, as mentioned during the Q1 earnings call by
Universal Orlando Resort has recently unveiled exciting details about the addition of Super Nintendo World to its theme park lineup. This expansion, set to open next summer at Epic Universe, promises to offer guests a unique and interactive experience like never before. The themed world will consist of two main areas: Super Mario Land and
In celebration of its 25th anniversary, the Venetian Resort Las Vegas has announced a monumental $1.5 billion reinvestment project. This ambitious endeavor is set to be one of the largest and most costly hotel renovations in the history of the renowned casino-resort complex. Central to the project is the complete redesign of all 4,000 suites
Simon Cooper, a renowned figure in the hospitality industry, passed away on April 24 after battling leukemia. His career spanned across several prestigious organizations, leaving a lasting impact on the landscape of hospitality. Originally from England, Cooper kickstarted his hospitality journey when he moved to Canada in 1972. He joined Canadian Pacific Hotels and Resorts,
In celebration of Global Travel Advisor Day, Expedia Group is hosting a series of 16 events throughout the month of May for members of Expedia’s Travel Agent Affiliate Program (TAAP). This initiative aims to update travel advisors on the latest features and enhancements within the program, highlighting the critical importance of this channel for Expedia
The Potlatch Club hotel in Eleuthera has a rich history dating back to 1958 when wealthy New York socialites transformed a private home into a boutique hotel that attracted celebrity guests like Greta Garbo and Paul McCartney. However, due to lax management in the 1980s, the property fell into disrepair and eventually shuttered its doors.
The Cayo Levantado Resort, located in the picturesque Samana province of the Dominican Republic, is setting a new standard in wellness and holistic treatments for the upcoming spring and summer seasons. One of the key areas of focus for the resort is enhancing the quality of sleep for its guests. From the Relax & Sleep
My first encounter with Anguilla’s Meads Bay was over two decades ago. The pristine shoreline left a lasting impression on me, and I was eager to revisit this idyllic destination. Upon my return earlier this year, I was pleasantly surprised to find that Meads Bay still retained its charm, despite some developments over the years.
Dallas-based real estate investment trust (REIT) Ashford Hospitality Trust has recently made the decision to hand over possession and control of 14 hotels back to the loan servicers. This move comes after Ashford initially announced last July that it planned to return the keys of 19 underperforming hotels to its loan servicers. The decision was
Universal Studios Florida is set to unveil the highly anticipated DreamWorks Land on June 14th. This new addition will feature attractions, interactive play areas, and a live show inspired by popular DreamWorks Animation films such as “Shrek,” “Trolls,” and “Kung Fu Panda.” Guests can expect to immerse themselves in a world filled with beloved characters
Timbers Co. may not be the largest entity in the real estate and hospitality industry, but its strategic positioning in prime luxury destinations like Vail, Colorado, and Kauai, Hawaii, sets it apart in attracting affluent travelers. The company’s focus on residential-style rentals adds a unique touch to its offerings, making it an appealing option for
The Fairmont Mount Kenya Safari Club, situated on the picturesque slopes of Africa’s second-highest peak, is leading the way with its eco-friendly safari offerings. Guests are now able to immerse themselves in nature by walking, biking, and horseback riding instead of relying on motorized vehicles. The hotel’s strong commitment to sustainability and conservation is evident
Hard Rock International has recently announced a new partnership with Royal Caribbean International and Celebrity Cruises, creating exciting benefits for members of their loyalty programs. Unity by Hard Rock loyalty members will now have access to discounts on Royal Caribbean and Celebrity sailings. In addition, they can qualify for exclusive cruise giveaways, providing an added
