Many travelers have been thinking of their wellness more holistically since the pandemic, according to surveys in seven countries commissioned by Hilton Hotels and released on Monday.
25.08.2023 - 14:02 / skift.com / Latin America / Anthony Capuano / Sean Oneill / Marriott International
Marriott International said on Friday it had received an okay from Mexico’s competition watchdog for its acquisition of the City Express brand portfolio from Hoteles City Express. The news clears the path for the $100 million deal, first announced in October, and which may now close before June.
The hotel group seeks entry into the affordable midscale segment by adding its 31st brand, City Express.
“We expect to grow that brand aggressively in the Latin America and Caribbean region,” said Anthony Capuano, president and CEO of Marriott, in an earnings call with analysts in February. “And, as we move toward closing that transaction, we are evaluating the applicability of that brand in other markets around the world.”
The deal includes 152 hotels with about 17,000 rooms. It will boost Marriott’s footprint in the Caribbean and Latin America by 45 percent, to 486 properties.
City Hotels said its hotel occupancy in December 2022 stood at 104.9 percent of the comparable pre-pandemic 2019 level.
“We’re thrilled about entering the appealing midscale lodging category and offering customers even more choice in the destinations they seek for both business and leisure stays,” said Brian King, president, Caribbean and Latin America at Marriott International.
Many travelers have been thinking of their wellness more holistically since the pandemic, according to surveys in seven countries commissioned by Hilton Hotels and released on Monday.
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.
Good morning from Skift. It’s Tuesday, November 22. Here’s what you need to know about the business of travel today.
Marriott International’s Edition brand, co-created with hotel impresario Ian Schrager, may finally be clicking with developers after a decade-long slow burn. The Tampa Edition that opened in September marked the 15th property in the series. Top executives expect to double that footprint within five years.
InterContinental Hotels Group (IHG) said on Monday that it had added Iberostar Hotels & Resorts as a new brand through a 30-year licensing deal that lets IHG market the all-inclusive hotels and resorts. “Up to 70 hotels,” equal to about 24,300 rooms, will become bookable through IHG’s website and app under the Iberostar Beachfront Resorts brand — the 18th IHG brand.
Top Hyatt executives said on Tuesday they planned to create hotels and resorts in two destinations on Mexico’s Caribbean coast — Tulum and Isla Mujeres — with about 5,000 rooms together.
The top boss of Marriott International used an on-stage interview on Thursday as a platform to call on the U.S. federal government to do more to cut the wait times for interviews for first-time visitor visa applicants, which he said was leading to lost revenue because of reduced U.S. inbound tourism.
Top executives at Marriott International said they believe the pandemic surge in travelers having blended trip purposes of both business and leisure will have a long-term impact on the hotel sector. The growing trend will affect everything from data collection to the types of properties developers want to fund.
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.
Marriott International revealed on Monday its full-year totals for hotel development in 2022. The most notable figures highlighted a further push by the world’s largest hotelier into the luxury and extended-stay segments.
Marriott International ended 2022 with a robust performance thanks to the post-pandemic resurgence in travel, the company said on Tuesday. It enjoyed record fourth-quarter average room rates, profit at its managed hotels, hotel development plans, and sign-ups for its co-branded credit cards.
American embassies are working around the clock to bring down the amount of time international travelers have to wait to get a visitor visa interview in order to travel to the U.S., according to Deputy Assistant Secretary of State for Visa Services Julie Stufft. The global median wait time for a B-1 or B-2 visa, also known as a visitor visa, has been reduced from 17 weeks in June to five weeks now.