This week in hospitality, Oyo Hotels and Homes disclosed bigger financial losses, mostly from China, as it continues its expansion. Meanwhile, Marriott is working to revitalize its W brand, and Selina hotels are moving fast to take on WeWork in South and Latin America.
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 hospitality.
For all of our weekend roundups, go here.
Oyo’s Widening Losses and Other Financial Takeaways From Its Latest Filing: Oyo has disclosed a surge in losses in documents related to its $1.5 billion in new funding. The hospitality company claims it will turn profitable three years from now. Skift Research dug beneath the headlines to deliver analysis substantiated by Oyo’s latest income statements.
Marriott’s Mission: Make W Hotels Cool Again: W Hotels were once the hottest hangouts in town but two decades after its creation, it has been overshadowed by its younger competitors. Marriott inherited the W Hotel brand when it bought Starwood in 2016. Now it’s up to Marriott to make the W brand shine again.
How IHG’s Latest Regional Revamp Is Rankling Asia Hotel Owners: InterContinental Hotels Group isn’t afraid to change how the traditional hotel chain is organized and structured. Its latest move is making sub-regional heads directly accountable for development — even if that risks having owners think it prioritizes its own pipeline over their hotels’ performance. Some in Asia already do.
IHG’s Asia Changes Show New Skills Required of Hotel Leaders: Roles are changing fast in the hotel industry. Some are gone, or going, like the chief marketing officer. Others require new skill sets. Even those at the top aren’t spared. IHG’s latest Asia changes remind us of this.
Selina Hotels Step Up Against WeWork in Latin America: WeWork’s co-working model may be fledgling, but hotels are putting a twist on the concept to connect locals and digital nomads.
Italy Revives Abandoned Villages as Experiential Travel Destinations: While every destination tries to offer authenticity, few really deliver. But in Italy, scores of local passion projects are serving up the real deal — while helping rural areas make a comeback in a sustainable way.
How Global Hotel Chains Differ in Approach to Asia-Pacific’s Huge Opportunity: Who has the best set up Asia? No one-size-fits-all approaches there. But as competition increases amid a softer market, expect strategies and structures to evolve.
Hotels Experiment With Reducing Food Waste: Will All-You-Can-Eat Buffets Be History? Hotels are known for wanting to please their guests, and feeding them is one way of doing it. But food waste is helping to deteriorate the environment. Hotels are making an effort to cut down on it. So they are earning praise for trying, but they have a long way to go.
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Photo Credit: Oyo Hotels and Homes this week disclosed widening losses in a new financial report. Oyo Rooms
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