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Articles tagged “resorts”

Hotels

Spain’s Melia Looks for Partners to Grow Premium Resort Portfolio

We bet that Hyatt or one of its rivals will partner with Meliá by 2025, adding a bigger loyalty program and scale efficiencies. But the Spanish leader in resort locations worldwide should reject any offer that would dilute its strategy. Call it turn-down service.

Spain’s Melia Looks for Partners to Grow Premium Resort Portfolio

Hotels

Omni Hotels Is Investing Heavily to Become a Luxury Brand

The Omni brand may have a stodgy reputation in some quarters. But the U.S. owner-operator is an interesting contrarian in how it's asset-heavy and unafraid of building ballrooms.

Omni Hotels Is Investing Heavily to Become a Luxury Brand

News Blog

China’s Fosun Looks to Club Med Resorts Recovery After Profit Warning

Chinese conglomerate Fosun International is hoping its vacation business segment will pull it out of a slump. Fosun, which owns the Club Med chain of resorts and the Thomas Cook brand, issued a warning on Jan. 20, saying profit for the year ended Dec 31, 2022 is expected to decrease by 80 percent compared to…

Airlines

Mexican Airports Set for Business Boost as Tourists and Corporate Travelers Return

After a historic 2022, analysts expect Mexican airport operators to post strong earnings in 2023 as tourism in the country is more popular than ever.

Mexican Airports Set for Business Boost as Tourists and Corporate Travelers Return

News Blog

Club Med Owners Consider Sale in Quest to Cut Debts

Fosun International Ltd. is pondering whether to sell French luxury resort chain Club Med as it's looking to ways to reduce debts, according to a report in Bloomberg. The Shanghai-based company has been informally fielding inquiries from potential buyers, people knowledgeable about the matter said. Fosun, which owns Club Med through its leisure arm Fosun Tourism…

News Blog

UAE Developer Nakheel Secures $4.6 Billion Financing to Develop Dubai Islands 

Dubai-based property developer Nakheel announced it has secured $4.6 billion in strategic financing deal to drive what it calls, “the new phase of growth.” The amount includes refinancing of $3 billion, and additional funds of $1.6 billion. The developer of Palm Jumeirah said that the finance would be utilised to accelerate the development of its…

Hotels

Hotel Green Efforts Are Hitting Right Message for Social Media Users

Can you go wrong with imagery of animals or nature and heartwarming messages? Not if you're a hotel sharing your sustainability efforts via social media. That's what The Datai Langkawi, Fairmont, and Banyan Tree have found.

Hotel Green Efforts Are Hitting Right Message for Social Media Users

Luxury

The Hotel Dog Masseuse Who Relaxes the Animals — and the Guests

Dog-friendly amenities might just be the new trend now that so many people adopted puppies during the pandemic. Read on to hear from Tammy Beachy, certified dog massage therapist at Kona Kai Resort & Spa who spends her days on the beach giving pets high-class massages.

The Hotel Dog Masseuse Who Relaxes the Animals — and the Guests

Tourism

Hurricane Ian Delivers Costly Blow to Florida Resorts and Hotels

Insurers predict Hurricane Ian will be the costliest storm since 1992, with extensive damage to hotels and resorts, on top of the many homes wrecked.

Hurricane Ian Delivers Costly Blow to Florida Resorts and Hotels

News Blog

Singapore Sovereign Wealth Fund to Buy Majority Stake in Resort Group Valued at $2.2 Billion

The Government of Singapore Investment Corporation has acquired a majority stake in Sani/Ikos Group, a luxury beach resort group in the Mediterranean, for an undisclosed amount. The transaction that is expected to close in the fourth quarter of 2022, subject to regulatory approval, values the Mediterranean-based luxury resort operator at $2.27 billion. U.S.-based Oaktree Capital…