Choice Hotels on Wednesday called on Wyndham Hotels & Resorts to return to merger talks while publicly responding to concerns Wyndham executives had raised about “execution risk” — including questions about regulatory scrutiny.
06.10.2023 - 06:23 / skift.com / Sean Oneill
Michelin Guide, whose star ratings are coveted by restaurants worldwide, said on Thursday it would begin designating “the most exceptional hotels.”
Like with the restaurant rankings, Michelin intends to create a stir by revealing its list of hotels at a ceremony in the first half of 2024.
Unlike its restaurant ratings, Michelin will award its favorites “keys” instead of stars. Michelin will judge hotels by criteria including local character, design, decor, and amenities — among other factors.
Michelin bought the online travel agency Tablet Hotels in 2018. The site’s hotel vetters use guest reviews to help evaluate hotels. For several weeks now, the Guide has been offering a selection of over 5,000 hotels globally on its site, long-listed from top-reviewed properties on Tablet Hotels. This long list of about 5,000 hotels will be the ones Michelin reviewers will use to award “keys.”
Choice Hotels on Wednesday called on Wyndham Hotels & Resorts to return to merger talks while publicly responding to concerns Wyndham executives had raised about “execution risk” — including questions about regulatory scrutiny.
Good morning from Skift. It’s Wednesday, October 25. Here’s what you need to know about the business of travel today.
We know out-of-town fans of Taylor Swift have boosted tourism in major cities in 2023. Beyoncé has her own power to lift hotel bookings, too. Beyoncé’s Renaissance Tour dates in Europe and the U.S. overlapped with better-than-usual performances at hotels near her venues. That’s according to a market impact analysis of Beyoncé on the hotel sector that CoStar’s STR released on Tuesday.
The talk of last week in Hotel World was Choice Hotels‘ hostile buyout offer for Wyndham, an offer Wyndham quickly rejected.
Premier Inn’s owner Whitbread said on Wednesday that a shrinking supply of budget hotels in the UK will strengthen its pricing power for years to come.
Choice Hotels said on Tuesday it proposed to acquire all the outstanding shares of Wyndham Hotels & Resorts at a price of $90 a share.
Accor has signaled over several years that it plans to become more asset-light. Bloomberg News is reporting that the Paris-based hotel giant is about to take more steps to do so by selling hotels.
Langham Hospitality Group is a global luxury hotel company with 25 luxury hotels and 7 other hotels. Some context:
California Governor Gavin Newsom signed into law on October 7 a bill to ban mandatory hidden fees — also called junk fees — starting July 1, 2024.
Iconic magazine first lent its brand name to a hotel venture in late 2022, when its resort opened in Cap Cana in the Dominican Republic. Yet the forces behind Sports Illustrated Resorts aim to expand its footprint relatively quickly.
A handful of restaurant tables in New York just became even more coveted reservations. Tacking onto the 15 New York additions to the Michelin Guide announced in September, the Michelin Guide just added 11 more restaurants.
Tel Aviv-headquartered Brown Hotels saw evacuees and stranded travelers pour into many of its rooms at its 24 hotels in Israel in the aftermath of brutal attacks on Saturday.