The impact of COVID-19 may allow VR to permanently shake off its image of being a gimmick in the tourism sector. Hype behind the technology in recent years has often been greater than actual usage, especially for leisure purposes. However the longer…
Loews Hotels & Co and Omni Hotels & Resorts Form Cross-Selling Partnership
NEW YORK / DALLAS – Two of the only remaining Branded independent hospitality companies in North America, Loews Hotels & Co and Omni Hotels & Resorts, announced today the forming of a new partnership rooted in cross-selling, cross-marketing and coll…
Renovated Upscale Hotel Haarhuis Joins WorldHotels Crafted Collection
WorldHotels today announces that Hotel Haarhuis in Arnhem, The Netherlands has joined its portfolio as the first Crafted Collection hotel in the Benelux region. The recently renovated upscale four-star hotel is now part of the new WorldHotels Crafte…
Cost control at NH Hotel Group ketp recurring loses at €371 million despite the €1.18 billion revenue drop
Operating expenses, excluding lease expenses, were cut by 49%, from €1.07 billion in 2019 to just €549 million in 2020. The Group’s flexible structure enabled it to reopen as many as 80% of its hotels in the third quarter, although that figure fell …
What we can learn from our Restaurant Pandemic P&L
We are all trying to find silver linings from this now nearly year-long unimaginable situation that has somewhat stopped us in our tracks. We find comfort and sanity in things like spending more time with our families, picking up new or dormant hobb…
CGI Merchant Group Hospitality Fund to Invest in Atlanta HBCU Morris Brown College With $30 Million Hotel Development Project
ATLANTA – CGI Merchant Group, LLC (CGI) — a minority-owned global investment management firm with a focus in real estate and private equity — announced today it will make a $30 million investment in the historic Morris Brown College to convert exist…
WTTC calls on EU leadership during Tourism Minister Meeting
At the EU Tourism Ministers Meeting, the World Travel & Tourism Council (WTTC) called on leadership from the EU to save the Travel & Tourism sector which has been left in ruin by the COVID-19 pandemic. During the critical meeting, Gloria Guevara, WT…
American Express Global Business Travel launches workspace booking service
American Express Global Business Travel (GBT), the world’s leading business partner for managed travel, has launched a new workspace booking service for remote workers and small teams. GBT’s Workspaces gives customers the ability to make flexible, d…
Expedia Group and Booking Holdings slashed marketing by $6B in 2020 (but Airbnb now makes an entrance)
The combined marketing muscle of Expedia Group and Booking Holdings fell to its lowest level in years during a pandemic-slammed 2020. The pair spent $4.7 billion of sales and marketing in 2020, down almost 60% on the figures they produced in the rec…
Booking CEO Says It Has a Plan to Compete With Airbnb
The travel industry dealt with its biggest challenge in generations in 2020, as Covid-19 kept people around the world locked down for much of the year. Revenue at Booking Holdings, the dominant owner of online travel agencies, fell 55% from 2019. Be…