Hotels

Sabre’s CEO, Kurt Ekert, mentioned that Sabre’s average booking fee increased by 8% in 2023 compared to the previous year. The average booking fee was $5.80, which contributed to a 14% revenue growth for Sabre’s Travel Solutions business in 2023. Ekert attributed this increase to a “richer booking mix”. This increase in average booking fee
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In recent months, U.S. State Department travel advisories regarding crime in Jamaica and the Bahamas have sparked concern among travelers. While these advisories did not result in widespread cancellations, they did prompt clients to seek more information and reassurances from travel advisors. This article will examine the implications of these advisories on the travel industry
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In a recent interview with Marriott International CEO Anthony Capuano, the company’s ambitious growth plans for 2024 were discussed. Despite the challenges posed by sociopolitical conflicts across the world, Marriott remains confident in its outlook for the year. Capuano emphasized the positive indicators such as strong corporate earnings, robust job market, and increased consumer spending.
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Alterra Mountain Co., a prominent player in the ski industry, has recently reached an agreement to acquire the Arapahoe Basin ski area in Colorado from Dream Unlimited Corp. This purchase marks Alterra’s 17th North American ski area and its third in Colorado. The company expects the transaction to be finalized later this year, pending regulatory
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After a significant break from the hotel industry, lifestyle hospitality innovator SBE is re-entering the market with a fresh approach. Teaming up with Grammy-winning entertainer Marc Anthony and Wyndham Hotels & Resorts, SBE is launching a new hotel concept under the working title of Project HQ Hotels & Residences. This joint venture aims to redefine
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After a grueling six-year renovation and rebuild, Peter Island Resort in the British Virgin Islands is finally set to reopen its doors, offering guests a brand new and upgraded experience. Following its closure in 2017 due to the devastating Hurricane Irma, the resort has undergone a complete transformation to deliver enhanced accommodations and top-notch facilities.
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The Conrad Orlando, a remarkable addition to the Evermore Orlando Resort development, has recently opened its doors. With 433 guestrooms, including 61 stunning suites featuring one to three bedrooms, this luxury hotel sets a new standard in elegance and opulence. Among the suite offerings are ten Family Suites, providing a private bedroom, a spacious living
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The U.S. hotel industry is currently experiencing encouraging prospects, according to industry insiders at this year’s Americas Lodging Investment Summit (ALIS). However, there are concerns about potential headwinds on the horizon and some tailwinds losing steam. In a panel discussion focused on future performance expectations, several experts shared their insights on the major factors impacting
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