First read is on us.

Subscribe today to keep up with the latest travel industry news.

Ace Hotels Goes Luxe and 3 Other Hospitality Trends This Week


Skift Take

This week in hospitality, Ace Hotels steps into the luxury sector with a new property in New Orleans, and a new report finds that Airbnb could have a market capitalization larger than any hotel company.

Hotel News Weekly Roundup

Throughout the week we post dozens of original stories, connecting the dots across the travel industry, and every weekend we sum it all up. This weekend roundup examines hotels. For all of our weekend roundups, go here.

>>It will certainly be interesting to see how Ace approaches both luxury and micro-hotels starting in the next few months: Ace Hotels Is Entering the Luxury Space With New Project

>>The battle between Airbnb and Booking (and everyone else in online travel) is just beginning: Airbnb Could Be Worth More Than Any Hotel Company

>>In addition to dreaming up new hotel brands, we’re surprised more hotel companies aren’t thinking of launching more of their own serviced residence brands — or buying up others: Meet the Hospitality CEO Who Embraces Airbnb

>>It sounds like the Restel deal has gone relatively smoothly for Scandic. Might the company now set its sights on other targets? Or will it become a target itself? Scandic Hotels Delighted With Restel Integration as Profits Rise

Up Next

Online Travel

Booking Holdings Layoffs Would Be Less Severe Than in 2020

Booking Holdings resumed hiring fairly aggressively after the pandemic, but is now trimming its workforce as part of a plan to get a handle on costs. A major part of the reorganization is to figure out the best areas for investment.