Alan Woinski travel tips

Selina, a hotel and experiences brand focused on youth travelers, has to give investors a haircut to receive a capital injection of up to $50 million from Global University Systems (G.U.S). Here are key points in its financial restructuring, which it hopes to finalize within a week or two.

Saudi Arabia has submitted its bid to host the men’s football World Cup in 2034, and for the first time has laid out goals for development of hotels, stadiums, and other parts of its travel economy.

Selina Hospitality, a hotel and experiences brand focused on youth travelers, said Monday it “no longer has any reasonable prospects of avoiding an insolvency.”

Hyatt is close to a deal to buy Standard International, the operator of the upscale The Standard Hotels, according to reports on Thursday.

Welcome to a brand new week, folks! If you’re like me, you’re reading this and going, “what is time?” Well, it’s a thing that flies.We have a packed bulletin today, let’s hit it. 

This week Choice Hotels publicly offered to acquire Wyndham Hotels & Resorts following months of private discussions between the two companies. This was pretty exciting in itself, with the last major M&A deal in the hotel industry being the Starwood-Marriott merger in 2015. However, a few days later, more news broke that Wyndham rejected Choice’s offer and saw its stock being halted on the NYSE.

Choice Hotels said on Tuesday it proposed to acquire all the outstanding shares of Wyndham Hotels & Resorts at a price of $90 a share.

Here are the top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.

Here are the top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.

Whether you’ve been in the lodging sector for a few months or 10 years, you likely know that the industry is constantly evolving. From major acquisitions that disrupt the travel and tourism industry as a whole to consumer trends that change how we think about our marketing strategies and plans for the year. There’s no telling what 2023 or the years ahead have in store for the lodging industry (which is kind of exciting, right?). 

Executives at MGM Resorts International are hopeful that gaming may be approved by the United Arab Emirates, possibly as soon as this year.

Choice Hotels International has signaled an intent to acquire Wyndham Hotels & Resorts, the Wall Street Journal reported on Tuesday.

Marriott International has signed a licensing deal with MGM Resorts to let Marriott Bonvoy loyalty members earn points when staying at 17 MGM resorts, starting in October. Bookings at 40,000 of MGM’s rooms mainly in Las Vegas will be available through Marriott’s site and app by year-end.

Here are the top stories from Daily Lodging Report in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.

Selina‘s stock price is swinging dramatically as it undergoes a turnaround and attempts to escape from penny stock status. The hostel chain saw its shares fall 41% on Friday, though they rebounded 9.3% on Monday.

Here are five top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.