Articles tagged “news blog”

News Blog

U.S.’s National Travel and Tourism Office Names Deputy Assistant Secretary

Alex Lasry has been sworn in as the new deputy assistant secretary for travel and tourism at the U.S. Department of Commerce. Lasry oversees the National Travel and Tourism Office, in the International Trade Administration’s industry and analysis division in the Commerce Department. Lasry has begun to help lead the Biden-Harris Administration’s national travel and…

Sean O'Neill | 1 week ago

News Blog

India’s TBO Acquires Booking Platform Jumbonline

TBO has acquired Jumbonline, an online booking system by Jump Tours Group. TBO Co-Founder Gaurav Bhatnagar made the announcement on LinkedIn on Monday. Based in India, TBO.com is a travel distribution platform. Jumbonline is a Spain-headquartered distribution platform for wholesalers and tour operators. Under the acquisition, TBO will have access to Jumbonline’s content, technology, clients,…

Dawit Habtemariam | 1 week ago
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News Blog

Accor Names New CEOs for Luxury Hotel Brands Orient Express and Fairmont

Accor said on Thursday it would appoint Gilda Perez-Alvarado as CEO of Orient Express, its luxury hotel brand, effective January 1. Just last month, Perez-Alvarado became the chief strategy officer for the Paris-based hotel giant group, a role she'll retain. Previously, she was global CEO of the hotel brokerage firm JLL Hotels & Hospitality.  Accor added…

Sean O'Neill | 4 weeks ago

News Blog

Accor’s Hotel Owner-Operator May Get More Indebted to Hedge Fund Sculptor

AccorInvest, a hotel owner-operator company that global hotel group Accor created in 2017, is seeing a rising share of its outstanding debt owned by one player, the hedge fund Sculptor, Bloomberg News reported on Tuesday. Sculptor "bought about half of the €270 million ($290 million) of loans previously owned by UniCredit SpA in recent weeks," Bloomberg reported…

Sean O'Neill | 2 months ago

News Blog

Los Angeles to Drop Ballot Measure That Would Require Hotels to House Homeless

Los Angeles' city council appeared this week to have reached a political compromise with the local hotel workers's union about a controversial plan to mandate that hotels temporarily house the homeless. At issue is a long-running dispute. Earlier this year, LA's powerful hotel union, Unite Here Local 11, successfully pushed the city's council to put…

Sean O'Neill | 2 months ago

News Blog

India’s Ambuja Neotia Acquires Boutique Hotel Group Tree of Life

Ambuja Neotia, a real-estate developer and operator in Kolkata, has bought Tree of Life Resorts and Hotels, a collection of 14 boutique hotels across India with about 200 rooms that Skift recently profiled. The companies didn't disclose the price or terms of the deal. Tree of Life, based in Gurugram, has seen quick growth from…

Sean O'Neill | 2 months ago

News Blog

Accor CEO Advises Young Hotel Entrepreneurs on Scaling Up: WTTC Summit Video

If you want to enter the hospitality sector, start small and get financial support. But be aware that scaling up beyond a certain threshold can be tremendously hard. That was the advice from the head of one of the world's largest hotel groups, Accor chairman and group CEO Sébastien Bazin. "If it's your dream or…

Sean O'Neill | 2 months ago

News Blog

Dallas Hotel Boom: 80 Projects to Begin Construction Within Next Year

The Dallas area has topped national rankings for hotel development for more than a year as the Texas capital enjoys a hotel building boom. The Dallas area hit a pipeline record, with roughly 80 hotels with a total of 9,021 rooms slated to begin construction in the next year, according to research firm Lodging Econometrics.…

Sean O'Neill | 2 months ago

News Blog

Choice Hotels Claims Wyndham Merger Would Have ‘Clear Path to Completion’

Choice Hotels on Wednesday called on Wyndham Hotels & Resorts to return to merger talks while publicly responding to concerns Wyndham executives had raised about "execution risk" — including questions about regulatory scrutiny. Meanwhile, Wyndham issued a statement saying its board of directors remains confident that its "standalone growth prospects offer superior, risk-adjusted returns. It…

Sean O'Neill | 2 months ago

News Blog

AccorInvest to Sell More Than $2 Billion in Hotel Assets: Report

Accor has signaled over several years that it plans to become more asset-light. Bloomberg News reports that the Paris-based hotel giant is about to take more steps as its owner-operator arm sells hotels. AccorInvest, a hotel owner-operator company created in 2017, wants to sell more than $2 billion (about €2 billion) of hotels in Europe…

Sean O'Neill | 2 months ago