The first Nobu, a new-wave Japanese restaurant, opened in New York 30 years ago this year. The brand keeps expanding, with about 50 restaurants worldwide.
10.04.2024 - 11:25 / skift.com / Christopher Nassetta / Mark Hoplamazian / Rashaad Jorden / Sean Oneill / Sam Salehpour
Good morning from Skift. It’s Wednesday, April 10. Here’s what you need to know about the business of travel today.
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Several major hotel CEOs took home more money in 2023 than they did the previous year. Senior Hospitality Editor Sean O’Neill provides information about their pay packages.
Hilton CEO Christopher Nassetta was the highest paid hotel executive in 2023, making $56.8 million. He was awarded about $8.3 million in total compensation the previous year. O’Neill cites stock-market gains as a reason why Nassetta’s pay package was substantially higher. Hilton’s stock price jumped 42% last year, and Nassetta received $16.3 million in stock awards.
Hyatt CEO Mark Hoplamazian was the second-highest paid hotel CEO in 2023, making close to $56.4 million.
Next, Viator President Ben Drew has announced he’s leaving the company, reports Senior Hospitality Editor O’Neill.
Drew said he would leave Viator — Tripadvisor’s travel experiences brand — on April 12 for “a new opportunity in a new industry.” Drew, who had previously worked at Expedia and Deloitte, has served as Viator president since 2020. Viator generated about $4 billion in gross bookings last year, a figure Drew said was only about 1% of the experiences sold online and off.
Finally, a whistleblower at Boeing claims the planemaker took shortcuts to make both the 787 and 777, writes Airlines Reporter Meghna Maharishi.
Boeing engineer Sam Salehpour said the company has dismissed repeated concerns about the quality control of the 787 Dreamliner and 777. Those models are among the most used widebodies in the aviation industry. Federal authorities are currently investigating Salehpour’s claims, which were made public on Tuesday. He had filed a complaint with the Federal Aviation Administration in late January.
Boeing has disputed some of the claims and said it has worked to improve the production and quality control processes of the 787.
The first Nobu, a new-wave Japanese restaurant, opened in New York 30 years ago this year. The brand keeps expanding, with about 50 restaurants worldwide.
Good morning from Skift. It’s Thursday, April 25. Here’s what you need to know about the business of travel today.
Marriott International, with more than 30 brands under its belt, is the undisputed leader in the world's hotel orbit.
Marriott’s carbon-reduction plans received a seal of approval from the world’s main verifier of corporate climate targets. The giant hotel operator said Monday that the Science Based Targets initiative (SBTi) had approved its near-term and long-term science-based targets.
Portrait Milano is a case study in how to put a new luxury hotel on the map. The 73-room property opened in Milan’s fashion district in December 2022. It’s part of the Lungarno Collection — a set of boutique hotels solely owned by the family behind fashion house Ferragamo.
Good morning from Skift. It’s Friday, April 19. Here’s what you need to know about the business of travel today.
Michelin began rating hotels this month, starting with 189 properties in France. Yet many of the hotels that received coveted Michelin “keys” didn’t overlap with the list of best-rated hotels at online review sites. What gives?
Hyatt Hotels definitely has its eyes on India and the focus specifically is on domestic Indian leisure travelers. “The leisure travel market is primarily driven by Indians traveling within India and discovering the country,” said CEO Mark Hoplamazian during his recent visit to the country.
Good morning from Skift. It’s Thursday, April 18. Here’s what you need to know about the business of travel today.
Boeing was back in the spotlight on Wednesday as the subject of two Senate hearings focused on alleged safety lapses at the plane-maker.
Marriott and IHG each announced Monday their latest expansion plans in Europe. Marriott set its sights on adding nearly 100 hotels by 2026, while IHG signed a deal to add more than 100 in Germany.
U.S. budget hotels performed less well in the first few months of the year than they did a year ago. Does that weakness signal some U.S. travelers feel a pinch from inflation?