Hyatt’s recent announcement of acquiring Standard International, the parent company of The Standard and Bunkhouse Hotels brands, has created quite a buzz in the hospitality industry. The deal, which is set to be finalized later this year, involves Hyatt paying a base purchase price of $150 million, along with an additional $185 million as more
Hotels
Marriott International has recently entered a long-term licensing agreement with Sonder Holdings in an effort to expand its range of offerings. Through this deal, over 9,000 rooms are expected to be added to Marriott’s inventory by the end of this year, with an additional 1,500 rooms in the pipeline. This move will not only increase
The Hilton Aruba Caribbean Resort & Casino is investing $100 million into their property, with the main feature being the addition of a 161-unit oceanfront tower set to be completed by fall 2025. The new tower, facing Palm Beach, will include 18 oceanfront suites offering an elevated hotel-within-a-hotel experience. With midcentury-modern design elements, the tower
One year after catastrophic wildfires ravaged Lahaina, Maui’s tourism sector is still struggling to recover, with serious repercussions for Hawaii’s overall tourism performance. The Hawaii Tourism Authority (HTA) reported that tourist arrivals and spending statewide have been on a decline every month in the first half of 2024. The number of visitors to Hawaii dropped
In a surprising move, Oracle software billionaire Larry Ellison has acquired the stunning Eau Palm Beach Resort & Spa located in Manalapan, Florida. The exact price of the acquisition remains undisclosed, adding an air of mystery to the transaction. The seller, London-based Lewis Trust Group, initially purchased the property back in 2003 when it was
Exciting news has been revealed about the upcoming expansion of Frontierland at the Walt Disney World Resort in Florida. The expansion will feature attractions inspired by Pixar’s popular “Cars” franchise, bringing beloved characters like Lightning McQueen and Tow Mater to life in a whole new way. This expansion marks the largest in Magic Kingdom’s history
Disney fans have a lot to look forward to with the recent announcements made at the D23 fan event in Anaheim, Calif. The Walt Disney World Resort’s Magic Kingdom is set to introduce a new villains-themed land, while there are plans for new attractions and lands across various Disney parks. Let’s take a closer look
Gravity Haus, a relatively new brand in the hotel industry, stands out for its innovative approach to merging work, play, and outdoor adventures in world-class destinations. Unlike traditional members-only clubs like Soho House, Gravity Haus allows non-members to access its lodging, dining, co-working, and fitness amenities. This inclusive model sets Gravity Haus apart as a
Expedia Group, a major player in the travel industry and ranked No. 2 on Travel Weekly’s Power List, recently reported seeing a softness in demand during the third quarter. This mirrors similar reports from other sectors within the travel industry. Despite this challenging environment, the company’s second-quarter results exceeded expectations, with gross bookings increasing by
The City Centro by Marriott San Luis Potosi offers a unique blend of history and modernity, making it a standout choice for travelers looking to immerse themselves in the heart of San Luis Potosi’s Centro historico. The salmon-colored building, dating back to the 19th century, underwent a renovation in 2016 and was acquired by Marriott
When it comes to creating custom group trips, it is essential to focus on a specific niche that you are passionate about and knowledgeable in. Rather than trying to cater to everyone, advisors should research and identify areas such as food, wine, medieval history, religion, or sports. According to Ricarda Haeger, director of group sales
In Disney’s fiscal Q3, there was a noticeable moderation in the demand for Disney theme parks. This trend, which the company anticipates will persist for the next few quarters, did not impede revenue growth in the Disney Parks, Experiences, and Products division. The revenue for this division increased by 2% during the quarter, reaching a
On a day when Tripadvisor revealed a minor bump in revenue for the second quarter, the company also announced a game-changing partnership with Hopper Technology Solutions (HTS) that will allow its members to book hotel stays directly through the Tripadvisor app. This strategic move came on the heels of CEO Matt Goldberg’s earnings call with
The Cayo Levantado Resort, nestled on a private island in the enchanting Samana region of the Dominican Republic, is offering a one-of-a-kind workshop that delves into the world of cassava. This engaging activity takes guests on a journey from the cultivation of this root vegetable to the creation of delicious cassava bread. Twice a week,
Hyatt Hotels Corp. faced a decline in demand for all-inclusive resorts in the second quarter, which CEO Mark Hoplamazian attributed to a “return to pre-pandemic seasonality” in Mexico and the Caribbean. Despite enjoying a strong first quarter with double-digit net package revenue per available room (RevPAR), the Inclusive Collection portfolio saw a more modest 3%
Booking Holdings, under the leadership of CEO Glenn Fogel, recently shared its financial results for the second quarter of 2024. While there was no mention of the $452.5 million fine incurred by the company in Spain, Fogel remained positive during the call with analysts. The company reported total revenue of $5.9 billion, a 7% increase
TMC Hospitality, a subsidiary of TMC Group, has been making waves in the boutique hotel industry with its unique brands. Philip Bates, co-founder and CEO, distinguishes between Bode and Drift by highlighting their target demographics. While Drift leans towards an upper-upscale experience, catering to traditional travelers, Bode caters to the social group traveler, offering multi-bedroom
Following the recent completion of the ferry service and day-tour company’s bankruptcy proceedings, Hornblower Group has named hotel industry executive Mike Flaskey as its new CEO. Flaskey’s appointment comes as a replacement for Kevin Rabbitt, who had been serving as chief executive since June 2020. Mike Flaskey, the former CEO of Diamond Resorts, brings with