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Marriott Gives Finance Chief Leeny Oberg Oversight of Global Development - skift.com - New York - state Maryland
skift.com
25.08.2023

Marriott Gives Finance Chief Leeny Oberg Oversight of Global Development

Marriott International said on Friday that its chief financial officer, Leeny Oberg, will now also lead the company’s global development organization, responsible for the strategic growth at the world’s largest hotel operator.

Sabre to Make Former CWT Exec Kurt Ekert CEO - skift.com - state Texas
skift.com
25.08.2023

Sabre to Make Former CWT Exec Kurt Ekert CEO

Travel technology giant Sabre said on Wednesday that Sean Menke, who has been CEO of the company since 2016, will become executive chair of its board on April 27, at which time its current president, Kurt Ekert, will become its CEO, too.

Marriott Vacations Sees Timeshare Strength on Torrid Leisure Travel Demand - skift.com - Charleston, state South Carolina - state South Carolina
skift.com
25.08.2023

Marriott Vacations Sees Timeshare Strength on Torrid Leisure Travel Demand

Marriott Vacations Worldwide Corp‘s new CEO John Geller said on Thursday that the company’s fourth-quarter earnings underscored continued strength in leisure demand for its timeshare properties, package tours, and other offerings for travelers, despite talk of economic uncertainty.

Soho House Parent Changes Name to, Surprise, Soho House & Co. - skift.com
skift.com
25.08.2023

Soho House Parent Changes Name to, Surprise, Soho House & Co.

Membership Collective Group is best known for its Soho House upscale member’s clubs and hotels and for being unprofitable for decades. The London-based company wants to change both of those things, it said during a Wednesday earnings call.

Nigeria’s Transcorp Hotels Returns to Profit and Plans Expansion - skift.com - Nigeria - city Lagos
skift.com
25.08.2023

Nigeria’s Transcorp Hotels Returns to Profit and Plans Expansion

Nigeria’s Transcorp Hotels, one of Nigeria’s biggest hotel players, reported that it had returned to profit in 2022 after a rough pandemic.

U.S. Hotel Hiring Stays Steady Adding 14,000 Workers in February - skift.com
skift.com
25.08.2023

U.S. Hotel Hiring Stays Steady Adding 14,000 Workers in February

The U.S. leisure and hospitality sector in February continued its recovery from the pandemic, according to a report from the U.S. Labor Department on Friday.

Travel Agency Pangea to Double Revenue on Retail Store Model - skift.com - Spain - Japan - Usa - county Valencia - Costa Rica - state Oregon - Maldives - city Madrid - Tanzania - state Indiana
skift.com
25.08.2023

Travel Agency Pangea to Double Revenue on Retail Store Model

The conventional wisdom back in 2015 was that travel agencies were a shrinking business. But that year, Spanish entrepreneur David Hernández thought he saw a whitespace for creating a fast-growing travel agency business, and he launched plans to create Pangea.

Ennismore to Tap Investment Firm Cain to Fuel Delano Hotels Growth - skift.com - France - city Boston - Saudi Arabia - city Seoul - city Istanbul
skift.com
25.08.2023

Ennismore to Tap Investment Firm Cain to Fuel Delano Hotels Growth

Ennismore, the lifestyle hospitality group, said on Thursday it’s in exclusive talks for “a long-term partnership” with Cain, a privately held investment firm, to scale the hotel brand Delano worldwide.

Foreigners Are Investing in Japan's Hotels at an Above-Average Pace - skift.com - Japan
skift.com
25.08.2023

Foreigners Are Investing in Japan's Hotels at an Above-Average Pace

Overseas buyers have made up nearly half of the recent investment in Japanese hotels because of the yen’s relative weakness to other currencies, Japan’s lower interest rates compared to rates in many other major countries, and a rebound in international tourism.

IHG Doesn't Rule Out Public Listing Move From London to New York - skift.com - Usa - New York - city London - city New York
skift.com
25.08.2023

IHG Doesn't Rule Out Public Listing Move From London to New York

InterContinental Hotels Group (IHG Hotels & Resorts) CEO Keith Barr told the Financial Times this week that “several shareholders” had asked his team at an investor roadshow last month if it would consider a switch away from listing on the London stock market to New York’s exchanges.

Air France Quits Offering Customer Support Via Twitter - skift.com - France - New York
skift.com
25.08.2023

Air France Quits Offering Customer Support Via Twitter

Blaming Twitter for changing its terms and conditions, Air France said on Friday it would stop offering customer support via the social media platform’s direct messages for its accounts worldwide. KLM, a sister brand, has yet to make a similar move.

Resort Fees at U.S. Hotel Group Haven't Grown Since 2019 - skift.com - Washington, area District Of Columbia - area District Of Columbia
skift.com
25.08.2023

Resort Fees at U.S. Hotel Group Haven't Grown Since 2019

News this week that Marriott will make resort fees more fully transparent upfront in the search results of its website and mobile app drew focus once again to the topic of resort fees. Yet research analysts at Truist suggest U.S. hotel groups haven’t expanded the practice since 2019.

Trivago Gets New CEO and Leadership - skift.com
skift.com
25.08.2023

Trivago Gets New CEO and Leadership

Travel metasearch company Trivago said on Tuesday that Johannes Thomas had become CEO and Managing Director, succeeding Axel Hefer, as the company struggles to return to its pre-IPO glory days.

Hotel Chart of the Week: Investors Want Wyndham to Seek Merger - skift.com
skift.com
25.08.2023

Hotel Chart of the Week: Investors Want Wyndham to Seek Merger

Skift editors were struck by this chart of Wyndham’s stock price as of Friday. Investors continue to behave as if it would be a good thing for the world’s largest hotel franchisor to merge with another player. Sustained investor pressure on that score might prompt Wyndham’s management to change strategy at some point.

Sonesta Debuts Two Soft Brands - skift.com - Canada - state Florida - county Miami
skift.com
25.08.2023

Sonesta Debuts Two Soft Brands

Sonesta International Hotel Corporation announced the debut of two soft brands within its expanding portfolio, Classico, A Sonesta Collection, and MOD, A Sonesta Collection. These two new brands offer independent hotel owners the opportunity to affiliate with Sonesta’s network while retaining their iconic hotel names, identities, designs, and established styles.

Pace of U.S. Hotel Rate Rises Moderated in May - skift.com
skift.com
25.08.2023

Pace of U.S. Hotel Rate Rises Moderated in May

Rising hotel room rates in the U.S. are still contributing to an overall rise in the national cost of living, but the pace of hotel rate hikes is slowing, according to new numbers released on Tuesday.

Hotel Chart of the Week: Extended Stay Boom in U.S. Ramps Up - skift.com
skift.com
25.08.2023

Hotel Chart of the Week: Extended Stay Boom in U.S. Ramps Up

Enthusiasm for extended-stay hotels seems boundless among U.S. hotel developers. The national extended stay pipeline is now 44% of supply, up by almost 10% in the last 18 months.

Hotel Chart of the Week: Europe's Rising Room Rates Are Tolerated by Many Travelers - skift.com - city Paris - Usa - city London - city New York - San Francisco - city Rome - city Madrid
skift.com
25.08.2023

Hotel Chart of the Week: Europe's Rising Room Rates Are Tolerated by Many Travelers

How are hotels doing post-pandemic? It all depends on the market and the type of hotel. In the U.S., average hotel rates nationwide have barely recovered to 2019 levels after accounting for inflation, but individual markets like New York City are performing better than before, while other individual markets, like San Francisco, are doing worse. But overall, it’s not price gouging.

Scandic Hotels Expects Strong Third Quarter With Steady Travel Demand - skift.com - Sweden - city Stockholm
skift.com
25.08.2023

Scandic Hotels Expects Strong Third Quarter With Steady Travel Demand

Scandic Hotels Group began the hotel earnings season with a financial update on Friday, voicing optimism about travel demand despite recent inflationary pressures.

Certares Closes $284 Million Fund for Hospitality Real Estate - skift.com - Usa - New York
skift.com
25.08.2023

Certares Closes $284 Million Fund for Hospitality Real Estate

Certares, a private equity firm that invests in travel, said on Wednesday it had closed its first real estate hospitality fund, with $284 million of equity commitments.

Selina to Offer Shareholders Rewards at Its Hotels and Co-Working Spaces - skift.com - Norway
skift.com
25.08.2023

Selina to Offer Shareholders Rewards at Its Hotels and Co-Working Spaces

Buying a share in a company typically involves hoping the stock price rises over time and maybe means sharing in dividends. But Selina, an upstart hospitality brand, said on Wednesday it has a new enticement for people to buy its stock — discounts and freebies at its properties.

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