Hotel occupancy in the US is growing week by week
According to STR data through 10 July, hotel occupancy rates in the US market are improving week after week.
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Multitype News
Ascott acquires two properties in France and Vietnam for SGD210 million
Ascott grows fund assets under management with the acquisition of two properties in France and Vietnam for SGD210 million through Ascott Serviced Residence Global Fund.
UK will lose GBP639 million a day with travel remaining off limits
According to the World Travel & Tourism Council (WTTC), the UK will lose up to GBP639 million per day during July if international travel remains off limits.
Dramatic impact of COVID-19 on Travel and Tourism sector in Japan
The World Travel & Tourism Council has revealed in its annual Economic Impact Report (EIR) the damage caused by COVID-19 to Japan’s Travel & Tourism sector, resulting in a loss of USD138 billion from the country’s economy.
Whitbread presents First Quarter Trading Update for 2021
Whitbread PLC has noticed continued market outperformance in the UK with a strong leisure demand post 17 May.
Choice Hotels Provides Performance Updates at 2021 Goldman Sachs Travel and Leisure Conference
During the Goldman Sachs Travel and Leisure Conference, Patrick Pacious, president and chief executive officer of Choice Hotels International, presented the Performance Updates of 2021.
Louvre Hotels to open nearly 50 new hotels in Saudi Arabia by 2025
Louvre Hotels Group plans to expand its portfolio in Saudi Arabia to 47 hotels by 2025, for a total of nearly 7,000 rooms, via its Campanile, Golden Tulip and Tulip Inn brands.
Starwood Hotels and Resorts targets 100 hotels in Middle East by 2020
From the Arabian Hotel Investment Conference (AHIC) in Dubai, Starwood Hotels & Resorts Worldwide has announced that it is on track to grow its portfolio in the Middle East to 100 hotels by 2020.
China’s HNA Tourism Group agrees to acquire Carlson Hotels, Inc.
HNA Tourism Group Co., Ltd., a division of HNA Group Co., Ltd., a Fortune Global 500 company with operations across aviation, tourism, hospitality, finance, and online services among other sectors, and Carlson Hospitality Group, Inc. today announced they have entered an agreement, for the acquisition of Carlson Hotels, Inc.
Choice Hotels expands its upscale Ascend Hotel Collection in the Caribbean
Ascend Hotel Collection from Choice Hotels International has announced the addition of the Hope Town Harbour Lodge in the Abacos, a chain of islands in the northern Bahamas, to its expanding offerings in the Caribbean. The lodge sits in picturesque Elbow Cay, Abaco at Hope Town in a secluded tropical location only accessible by boat.
Marriott and Starwood Stockholders vote to approve merger
Marriott International and Starwood Hotels & Resorts Worldwide have recently announced that at separate special stockholder meetings the stockholders of both companies approved proposals relating to Marriott’s acquisition of Starwood.
Hilton Worldwide announces intention to spin off Real Estate and Timeshare businesses
Hilton Worldwide today announced plans to enhance long-term shareholder value by spinning off the bulk of its real estate business into a publicly traded real estate investment trust (REIT) and by spinning off its timeshare business, Hilton Grand Vacations (HGV), as a separate publicly traded company.
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