Category: Recent News

The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, today announced its comprehensive strategy for 2030. Under the plan, IHCL will expand its brandscape, deliver industry- leading margins, double its Consolidated revenue with a 20% return on capital employed and grow its portfolio to 700+ hotels while building on its world-renowned service ethos.

When Singaporean entrepreneur Christina Ong launched her first hotel in London in 1993 at The Halkin, it was with a passion for delivering exceptional cuisine inspired by the places she loved most from her travels in the fashion industry. Two years later, The Halkin’s restaurant by Stefano Cavallini received the first ever Michelin star for an Italian chef outside the country’s borders.

Strategies to accelerate the commercialisation of sustainability in the hospitality sector were intensely debated by industry leaders at the HSMAI Europe Fall Curate, held on November 7 th at The Chesterfield Mayfair Hotel in London.

Europeans anticipate travelling more frequently and spending more on travel in 2025, according to a new research report from Accor, a global leader in hospitality. But the industry faces a pressing need to address sustainability challenges arising from this growth and to help travellers turn good intentions into good choices.

Travelodge Group, the UK’s first budget hotel brand which operates more than 600 hotels, today announces its results for the nine months ended 30 September 2024. Travelodge delivered a 0.5% increase in revenue to £786.1 million (2023: £782 million), reflecting resilient market demand from its diverse range of leisure and business customers, albeit with a more challenging rate environment. The Group reported a comparable Group EBITDA of £187 million and Travelodge OpCo delivered a comparable EBITDA of £178 million (2023: £195.2m), while navigating ongoing inflationary pressures, including successive increases in the National Living Wage, rent reviews and energy costs.

HotelRunner, the trailblazing platform for travel and hospitality technologies, has been named the “Best Large Technology Supplier” at the Travolution Awards 2024 in the United Kingdom. Selected by the esteemed Travolution Awards jury, this recognition underscores HotelRunner’s commitment to innovation and excellence, driving the travel industry forward with data-driven, AI-powered solutions.

From Istanbul’s bustling Beyoğlu district to the pristine shorelines of Mexico’s Pacific coast to the beating heart of Cyprus, both new and beloved destinations are beckoning travelers in search of community. With an eye on 2025, we’ve selected a list of places where travelers can come together at brand-new hotels to join inspired conversations, forge new relationships with cherished cities, and discover both historic and contemporary architectural gems.

In this article, we discuss moral hazard and regulatory measures, such as capital requirements, to stave off a banking crisis. We then introduce a model we have developed where we analyze the trade-off between competition to attract depositors and cooperation to enhance liquidity. We evaluate different policy tools with the objective of promoting financial stability.

It’s the most wonderful time of the year which means it’s time for holiday shopping. And what better gift to give than a memorable trip? When it comes to picking out the perfect gift for the loved ones in your life, Airbnb makes it easy by offering gift cards that can help them go wherever, whenever, unlocking access to a collection of unique homes around the (snow) globe.

To compound this, in today’s fiercely competitive market, traditional forecasting methods that once offered reliable insights are no longer sufficient to maintain your competitive edge.