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
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Photo credit: Ace Hotel marquee in New York on Nov. 15, 2017. Ace Hotels is getting into the luxury sector with a new property in New Orleans. Eden, Janine and Jim / Flickr