Ennismore’s Mondrian Singapore to Open by June 2023
Mondrian Singapore Duxton, a 302-room luxury hotel, has seen its opening delayed by a couple of months. The Straits Times has a fun profile by Louisa Lim of all the…
Luxury
This comprehensive archive offers the latest insights, trends, and developments in the luxury travel industry, tailored specifically for professionals and stakeholders in the field. Featuring in-depth analysis and updates on hotels, tours, airlines, and cruise lines, the news stories in this collection provide essential information for those seeking to stay ahead in this rapidly-evolving market.
Ireland’s Doyle Collection Revamps Luxury Hotel Strategy
True, Doyle Collection, a family-run luxury hotel group, is a small player. But the strategy of its new CEO Gordon Drake, who previously sold Six Senses to IHG and Fairmont Raffles to Accor, underscores what indie brands are thinking now.
Hotel Brand Tiny Urban Escapes Taps Into Micro Luxury and Sustainability
The founder of Tiny Urban Escapes, Indiana’s first Black and female-owned hotel, is taking an innovative approach to sustainable, luxury travel in urban environments.
Watch Video: Why Hotel Brands See Lots of Room to Grow in Luxury and Midscale
The hotel brands have largely captured market share in the upscale segment and are now expanding their portfolios into the relatively un-penetrated luxury and midscale/premium economy space that offer the greatest opportunity for further branded share gains.
CitizenM Secures $500 Million Loan Contingent on Sustainability Goals
CitizenM raised $500 million (€480 million) from HSBC UK, HSBC Continental Europe, ABN AMRO Bank N.V., and Aareal Bank with a sustainability-linked loan, becoming one of the first European hospitality companies to…
The Case for Luxury Hotels Coming Out on Top in 2023 Recession: New Skift Research
A potential recession is on the horizon in the U.S., but we expect hotel performance to stay resilient in the face of economic uncertainty, buoyed by continued strength in the luxury segment - unlike what has been seen in prior downturns.
Soho House Parent Changes Name to, Surprise, Soho House & Co.
Membership Collective Group is best known for its Soho House upscale member’s clubs and hotels and for being unprofitable for decades. The London-based company wants to change both of those things, it said…
Marriott CEO Frames Yacht-Like Cruises as a Bet on Luxury and Loyalty
Marriott International CEO Anthony Capuano on Tuesday toured the Evirma, the first sailing vessel in The Ritz-Carlton Yacht Collection. Capuano said in an interview that yacht-style cruises on the 623-foot…
Loews Hotels 2022 Profit Up 51 Percent From Pre-Pandemic Levels
In full-year 2022, the Loews Hotels chain of 25 luxury properties generated $345 million in adjusted earnings before interest, taxes, depreciation, and amortization — a measure of profit — on…
Jumeirah Expands Further Into European Luxury Hotels
Jumeirah Group said on Monday it had bought the Le Richemond, a five-star hotel on Lake Geneva. The move signaled that the luxury hospitality company based in the United Arab…