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Vikram Oberoi, CEO and managing director of the Oberoi Group, knows luxury inside and out. Oberoi-branded hotels — recently ranked as “world’s best” by Travel and Leisure readers — are quite familiar to Oberoi himself: He spent the first decade of his life in the Oberoi Grand, Kolkata, before a stint in the Oberoi, New Delhi.
Marriott Vacations Worldwide on Thursday launched its first collection of timeshares in cities, a sign of growing demand for timeshares beyond traditional resort locations.
CitizenM, a premium economy hotel chain, has engaged bankers to review a possible sale of either a minority stake or the entire company, according to a report in the Financial Times Wednesday. The owners are being advised by Morgan Stanley and Eastdil Secured.
Four Seasons revealed on Tuesday the first itineraries for its new brand, Four Seasons Yachts. The hospitality company also shared the first renderings of its maiden vessel, which it has yet to name.
Hilton has built the largest pipeline of hotels in its history, and its top boss attributes that achievement to the power of the group’s brands.
Good morning from Skift. It’s Wednesday, March 27. Here’s what you need to know about the business of travel today.
Michael Brown, CEO of Travel and Leisure Co., made $8.4 million in total compensation in 2023. That was the highest take-home pay among timeshare company CEOs, according to proxy statements filed last week.
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Hilton held a private presentation for investment analysts at its U.S. headquarters this week and executives presented 223 slides.
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GetYourGuide launched a suite of tools for tour and activity operators on Tuesday. The company, which has raised roughly $1 billion in funding, aims to make it easier for solo and mom-and-pop entrepreneurs to sell their walking tours, cooking classes, and other services through its online travel app.
Hyatt has bet big on developing hotels in China despite recent turmoil in the commercial real estate market. Hyatt executives acknowledged the risks Thursday, but explained reasons for optimism.
Hoshino Resorts is small but punches above its weight. It only has 68 hotels, but several of them regularly top the most-recommended lists of Conde Nast Traveler and Travel + Leisure.
Soho House, a brand offering members’ clubs and hotels, reported Friday that it lost $57 million in the fourth quarter but had seen a significant increase in its membership count.
Hilton will spend $210 million to acquire Graduate Hotels, a hotel brand that builds and runs 33 hotels near U.S. and U.K. universities, it said Thursday. The brand caters to college alumni, students, and communities with hip, nostalgic-themed design and campus-centric amenities.
Choice Hotels on Monday dropped its $8 billion hostile takeover bid for Wyndham Hotels & Resorts it launched last October.
LXR is a Hilton brand with 14 luxury hotels and resorts. Last week, Hilton announced a deal for an LXR resort in Saudi Arabia, and it has seven other properties in its pipeline worldwide.
The U.S. Senate passed key government funding bills Friday evening — with one that included “up to $3.5 million of funding for the office of the assistant secretary of commerce for travel and tourism.
Singapore Prime Minister Lee Hsien Loong on Tuesday defended an exclusivity deal with Taylor Swift, which made the city-state the only regional stop of the popular Eras concert tour this week.
Last July, Marriott International and MGM Resorts announced a licensing tie-up where members of the Marriott Bonvoy loyalty program could earn and redeem points for activity at MGM Resorts’ properties. On Wednesday, travelers became able to take advantage of this partnership at 16 MGM Resort locations.
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