Club Med Owners Consider Sale in Quest to Cut Debts

Newark Liberty International Airport (EWR)'s lounge game is getting stronger thanks to the opening of American Airlines' all-new Admirals Club in Terminal A.

Timesharing, as a concept, was conceived in Europe in the 1960s. There, it was originally presented as a contractual lodging arrangement featuring the right to make reservations in multiple properties owned by the offeror or even by third parties. The first timeshare in the United States was started in 1974 by Caribbean International Corporation (CIC), based in Fort Lauderdale, Florida. It offered what it called a 25-year vacation license rather than ownership. The company owned two other resorts the vacation license holder could alternate their vacation weeks with: one in St. Croix and one in St. Thomas; both in the U.S. Virgin Islands. The Virgin Islands properties began their timeshare sales in 1973.

More than $30 million committed to help unlock paths to hotel ownership.

In celebration of the launch, World of Hyatt members can earn 3x points across 20+ Hyatt Vacation Club resorts.

Tourists at a seaside hotel on the Greek island of Rhodes snatched up pails of pool water and damp towels as flames approached, rushing to help staff and locals extinguish one of the wildfires threatening Mediterranean locales during recent heatwaves.

I recently stayed at Disney's Yacht Club resort, a deluxe resort located in the Epcot area of Disney World.

I'm a firm believer that traveling together will tell you everything you need to know about your romantic relationship. 

The relationship between the owners and operators of hotels has traditionally been fraught because the two sides often have goals and philosophies that don’t fully overlap. The pandemic forced operators to align closely with operators in a battle to survive the plunge in demand. Working closely together, ties between the two sides warmed up. The post-pandemic boom in demand has boosted moods, too.

Good morning from Skift. It’s Wednesday, January 18. Here’s what you need to know about the business of travel today.

Chinese conglomerate Fosun International is hoping its vacation business segment will pull it out of a slump.

Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.

Travel technology company Travelport revealed on Friday it had received a $200 million investment from its owners, Siris Capital Group and Elliott Management. Based in Langley, UK, the privately held company didn’t disclose its financial performance other than to say it had achieved “a strong first-quarter performance.”