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.
Top Stories in Hotels: Earnings Misses, Vietnam’s Slump, More...
25.08.2023 - 15:03 / skift.com / Sean Oneill
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.
Quarterly earnings reporting wound down this week. Several hotel companies, mainly real estate investment trusts, reported results that missed analysts’ estimates. Here’s a snapshot:
Is anyone out there willing to say that all the news in the past few weeks shows Vietnam as a market in trouble for any type of travel accommodations? Vietnam is lagging behind its regional peers regarding international tourism recovery.
The big news from IHG was that they are pitching hotel owners on a new brand in the mid-market. IHG wants something that prioritizes a conversion brand rather than a new construction brand. That can keep them growing at a time when new construction may hit some financing and supply-side bottlenecks. This is the first big thing Elie Maalouf has done since taking the CEO job. Skift covered the story.
China has lifted a ban on group tours to more than 70 locations worldwide. In Asia Pacific, tours will resume to Japan, South Korea, and Australia, while Middle East nations getting the approval include Qatar, Oman, Lebanon, and Israel. This will be the first time in six years that China will allow group tours to South Korea, as they banned such tours in 2017 in response to the deployment of the Terminal High Altitude Area Defense Systems in South Korea.
Japan’s Kyoto draws many tourists for its Buddhist temples, Shinto shrines, and traditional kaiseki dining. Hotels are being built to meet demand.
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
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skift.com
28.08.2023 / 12:29
Hilton to More Than Double Its Luxury Hotel Footprint in Asia Pacific
From today’s Daily Lodging Report newsletter: Nikkei Asia published an article on Hilton planning to expand its luxury offerings in Asia. Hilton will be bringing its Waldorf Astoria brand to Malaysia, Vietnam, India, and other countries for the first time as part of its plans to open 25 new luxury hotels in the Asia Pacific region over the next few years. That’s up from the 33 luxury hotels it currently runs in the Asia Pacific.
skift.com
28.08.2023 / 07:03
5 Hotel Storylines CEOs of Hilton, Hyatt, and Other Top Brands Are Tracking Now
Can hotels exert more influence in policy-making? Where will future development growth come from? Is generative AI relevant to the hotel sector? These and other subjects will be top of mind for us as we interview top bosses at Hilton, Hyatt, Accor, and other hotel leaders on-stage at the Skift Global Forum in New York on September 26-28.
skift.com
25.08.2023 / 14:36
Hilton Surveys Find Guests Define Wellness More Broadly After Pandemic
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.
skift.com
25.08.2023 / 14:31
U.S. Hotels Likely to See Softening in Leisure Travel Bookings
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.
skift.com
25.08.2023 / 14:23
Davidson Kempner Buys 18 Hotels in Portugal
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.
skift.com
25.08.2023 / 14:22
Luxury Hotels May Be Underpriced Relative to Other Luxuries
Luxury hotel companies could flash a half-decent report card this year thanks to a post-pandemic surge in demand. But they could do better long-term if management teams sharpen their focus on opportunities to woo well-off consumers who increasingly care about experiences.
skift.com
25.08.2023 / 14:11
Hyatt Hotels Expects Room Rate Rebound to Roll On Through 2023
Hyatt Hotels Corp., which enjoyed a blockbuster financial performance in 2022, forecasted Thursday continued success this year, especially in the first half. The company expects to benefit from growing consumer interest in its lifestyle, luxury, and resort properties, returning group reservations for its banquet halls, and an expanding room count.
skift.com
25.08.2023 / 14:05
Radisson CEO Doesn't Want More Brands
Good morning from Skift. It’s Tuesday, February 28. Here’s what you need to know about the business of travel today.
skift.com
25.08.2023 / 14:04
The Secret Sauce of Branded Hotels in the U.S. Market Recovery
Good morning from Skift. It’s Thursday, March 2. Here’s what you need to know about the business of travel today.
skift.com
25.08.2023 / 14:03
Hotels Eagerly Await Returning Chinese Travelers
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.
skift.com
25.08.2023 / 14:00
Aman Debuts Sister Hotel Brand Janu With a Wellness Theme
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.