Another wave of hotel strikes unfurled in two major New England cities Tuesday, while one in Southern California continues to grip a Hilton-affiliated property.
05.09.2024 - 18:56 / skift.com / Sean Oneill
Hyatt has nearly shifted to an asset-light model, reaching its target of 80-85% fee-based earnings from properties it doesn’t own. But the hotel group hasn’t declared “mission accomplished” just yet.
Hyatt’s top executives said Thursday they had more hotels to sell. They also plan to supplement their asset-light strategy with tuck-in deals, like their recent acquisition of Mr & Mrs Smith, a hotel booking site.
That’s according to Hyatt’s top execs, who spoke Thursday at the Bank of America Gaming & Lodging Conference.
The Standard is part of a category of hotels that Hyatt and all major groups covet. Hyatt’s CEO has previously said adding luxury and lifestyle brands can create a “network effect,” driving loyalty program growth and engagement.
What am I looking at? The performance of hotels and short-term rental sector stocks within the ST200. The index includes companies publicly traded across global markets, including international and regional hotel brands, hotel REITs, hotel management companies, alternative accommodations, and timeshares.
The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more hotels and short-term rental financial sector performance.
Read the full methodology behind the Skift Travel 200.
Another wave of hotel strikes unfurled in two major New England cities Tuesday, while one in Southern California continues to grip a Hilton-affiliated property.
Hundreds of hotel sector professionals rallied outside New York City Hall to oppose Intro 991, the so-called “Safe Hotels Act,” which requires hotels to meet stricter regulations.
Michelin announced a second wave of top picks for U.S. hotels Thursday. It also revealed its first picks for a small group of luxury and boutique hotels in Canada and Mexico.
Over the busy Labor Day weekend, at least 10,000 unionized front-desk workers, housekeepers and other employees at dozens ofhotel properties across the country walked off the job after failing to come to an agreement in contract negotiations.
Good morning from Skift. It’s Friday, September 6, 2024, and here’s what you need to know about the business of travel today.
Hotel earnings season has ended, so Skift reviewed what executives at hotel companies belonging to the Skift Travel 200 (ST200) said. We looked at companies beyond the half-dozen largest hotel groups.
Over the past couple of years, I've fallen in love with France and all it has to offer.
I often have sticker shock when booking flights and hotels. Even so, I select the best option and book a rate that offers free cancellation.
Good morning from Skift. It’s Thursday, September 5, and here’s what you need to know about the business of travel today.
On August 16, Marriott International opened its 9,000th property, with the debut of The St. Regis Longboat Key Resort in Florida. Meanwhile, Hilton Worldwide said Friday it had opened its 8,000th property.
Good morning from Skift. It’s Wednesday, September 4, and here’s what you need to know about the business of travel today.
Thousands of hotel workers went on strike across major U.S. cities between Sunday and Tuesday. The 21 strikes, organized by the Unite Here union, targeted properties branded by the major hotel groups Hilton, Hyatt, Marriott, and Accor.