World Travel Awards is delighted to announce that it will host its Grand Final 2023 – the climax of its 30th anniversary of rewarding travel excellence – at Dubai’s iconic Burj Al Arab.
06.11.2023 - 13:28 / skift.com / Asia Pacific / Sean Oneill / Mark Wang
Hilton Grand Vacations has offered to acquire Bluegreen Vacations, two publicly held vacation ownership companies said on Monday.
Hilton Grand Vacations, which was spun off from Hilton in 2017, will offer $75 a share in an all-cash transaction. It says the total value represents about $1.5 billion, including net debt.
The goal of the merger is to create a more competitive position in the vacation ownership and experiences sector.
“Bluegreen Vacations has a strong track record of demonstrated organic growth, a dedicated customer base of more than 200,000 members, and boasts key lead-generating strategic partnerships that will broaden our reach and diversify our tour flow,” said Mark Wang, president and CEO of Hilton Grand Vacations, in a statement.
Hilton Grand Vacations is a timeshare company that focuses on marketing and selling vacation ownership intervals and vacation ownership interests. It runs resorts mainly in the U.S., Europe, and the Asia Pacific under the Hilton Grand Vacations Club and Hilton Club brands.
The company’s strategy has been to expand its operating profit margins partly through an acquisition strategy that allows it to develop a more diversified hotel offering. In 2021, Hilton Grand Vacations team floated the idea of an all-stock acquisition of Diamond Resorts at an equity value of $840 million. It believes that travelers will be drawn to the familiarity of a major hotel brand when picking among timeshare operators to work with.
Bluegreen Vacations also leverages marketing relationships with Bass Pro Shops and Choice Hotels. These partnerships allow the company to offer vacation stays to shoppers and hotel guests, exposing them to the advantages of becoming vacation club members.
As part of the proposed merger, Hilton Grand Vacations will now benefit as well from Bluegreen Vacations’ exclusive marketing agreement with Bass Pro Shops. Hilton Grand Vacations also said that it has signed a new 10-year exclusive marketing agreement with Bass Pro Shops.
World Travel Awards is delighted to announce that it will host its Grand Final 2023 – the climax of its 30th anniversary of rewarding travel excellence – at Dubai’s iconic Burj Al Arab.
This weekend, F1 fans can expect a visually enthralling experience, as custom real-time content tracks across the world’s largest LED screen of the Sphere, as part of the official broadcast for the Las Vegas Grand Prix.
Spirit Airlines is celebrating Black Friday early with a series of deals offering everything from savings on hotels and vacations to discounts on airline points.
Want to be surrounded by the magic of the holidays in a home-away-from-home? Then pack your bags. Hilton and Hallmark Channel are teaming up to give travelers, fans, and viewers the chance to immerse themselves in a festive dreamscape inspired by Hallmark’s beloved “Countdown to Christmas” movies, at select Hilton Hotels & Resorts properties in New York, Houston and Chicago.
Maybe this inaugural Formula 1 race in Las Vegas isn’t going to be the boon that people thought it was.
A former government official says a merger between JetBlue Airways and Spirit Airlines would increase competition instead of stifling it as the Department of Justice believes.
When your clients embark on a river cruise with award-winning AmaWaterways, they will unpack once and explore a world of unparalleled experiences while cruising through Europe, Asia, Africa or South America. The picturesque summer months offer unique opportunities with this river cruise line along legendary rivers. Here are just a few reasons you should encourage your clients to embark on an AmaWaterways river cruise this summer!
Back in 1990, I had the privilege of attending the opening of the beautiful Grand Wailea Resort on Maui. I had dreamed, as a kid, of perhaps someday visiting Hawaii – and there I was, on my first trip, greeted by gorgeous grandeur, the likes of which I had never seen before. I was a Contributing Editor to The Robb Report magazine at the time, and the press trip was a “wow” every step of the way. The resort’s owner at the time had spent about a million dollars to bring in journalists just for a weekend. All invited travel journalists were given convertibles to drive, taken on snorkel sails to Molokini, trips to Haleakala, received spa treatments galore, and dined on ever-present – and perfect – food and beverage. My experience was, in a word, as spectacular as the resort itself.
The former Trump International Hotel, Waikiki, in Hawaii will reincarnate next year as the Wākea Waikiki Beach, part of LXR Hotels & Resorts, Hilton's luxury soft brand.
Next Saturday at 10 p.m. local time—that’s 1 a.m. on Sunday for East Coast night owls—Formula 1 racing will return to Sin City after a 40-year hiatus with the inaugural Las Vegas Grand Prix. Set against a neon-drenched cityscape, the high-octane spectacle will see 20 drivers take 50 laps around the 3.8-mile street circuit, with its 17 turns winding past the new MSG Sphere. After two quick bends and a hard left, it’s a straight shot down the Las Vegas Strip at speeds up to 212 m.p.h., racing past the Venetian and Caesars Palace and zipping between the famed Bellagio fountains and the Eiffel Tower at Paris Las Vegas.
Get ready, skiers: Deer Valley Resort in Park City, Utah, is getting a brand-new hotel perfect for Hyatt loyalists: the Grand Hyatt Deer Valley.
It's easy to think MGM Resorts is playing a game of financially troublesome whack-a-mole.