Hotels

China Takes Control of New York Waldorf Astoria Owner Anbang

China Takes Control of New York Waldorf Astoria Owner Anbang

Bloomberg

The Chinese government is trying to contain the economic fallout from Anbang's over-reaching. From a long-term perspective, Starwood dodged a bullet when it ended up in Marriott's arms instead of the opaque Chinese insurance conglomerate.

2 days ago

AccorHotels Wants to Accelerate Its Buying Spree in 2018

AccorHotels Wants to Accelerate Its Buying Spree in 2018

Patrick Whyte, Skift

AccorHotels' acquisitions over the last couple of years aren't money makers yet but that's not to say they never will be. CEO S├ębastien Bazin is still intent on playing a very different game than the other big hotel companies.

3 days ago

Rezidor Hotel Group Defends Its Performance as Profits Fall

Rezidor Hotel Group Defends Its Performance as Profits Fall

Brian Sumers, Skift

Rezidor Hotel Group's fourth quarter earnings call was a snoozer until one Norwegian newspaper reporter decided to call b.s. on the company. That made for an interesting exchange.

3 days ago

AccorHotels to Sell Stake in Property Business to Buy New Brands

AccorHotels to Sell Stake in Property Business to Buy New Brands

Dinesh Nair and Sharon Smyth, Bloomberg

It's been a slow process but it seems like AccorHotels is about to finally get investors in its property portfolio so it can bankroll the acquisition of new brands.

3 days ago

Choice Hotels Sees WoodSpring Suites Deal as a Breakthrough in Extended Stay

Choice Hotels Sees WoodSpring Suites Deal as a Breakthrough in Extended Stay

Dan Peltier, Skift

Choice CEO Pat Pacious has demonstrated he's not one for a sleepy start as he settles into his new role as CEO. He's hit the ground running with the rollout of a new booking system and an acquisition that will help the company play ball in a competitive midscale and extended stay landscape.

4 days ago

New Skift Research Brand Matrix Suggests Hotel Owners Evaluating Brands Should Look to Marriott and Hilton

New Skift Research Brand Matrix Suggests Hotel Owners Evaluating Brands Should Look to Marriott and Hilton

Rebecca Stone, Skift Research

While brand considerations must be made on a property-by-property basis, Skift Research's proprietary Brand Matrix analysis ranks Marriott and Hilton at the top.

4 days ago

InterContinental Hotels Wants to Buy Luxury Brands

InterContinental Hotels Wants to Buy Luxury Brands

Patrick Whyte, Skift

Under previous CEO Richard Solomons, IHG had looked to fill "white space" in its portfolio and it looks like this plan is continuing under his successor. Despite having a well-established luxury brand, the area is something of a weak spot for the company, with no true high-end offering. It sounds like IHG is well on the way to rectifying this.

4 days ago

The Poetry of Hospitality Revolves Around Anticipation and Empathy

The Poetry of Hospitality Revolves Around Anticipation and Empathy

Colin Nagy, Skift

While we sometimes focus our adulation in other spheres such as startups and their founders, hoteliers need to be recognized for the hidden creativity that goes into doing their jobs well.

5 days ago

Airbnb’s New Tier of Select Properties and 7 Other Hospitality Trends This Week

Airbnb’s New Tier of Select Properties and 7 Other Hospitality Trends This Week

Sarah Enelow, Skift

This week in hospitality, the fact that it's earnings season is just the beginning. Airbnb is launching a new tier of select properties and Wyndham is selling its European vacation rental business.

6 days ago

Hotel and Cruise Sustainability Innovators That Should Be Household Names

Hotel and Cruise Sustainability Innovators That Should Be Household Names

Colin Nagy, Skift

Experience and sustainability are losing their equity as more brands cynically pile on. These are examples of emerging, global brands with depth to their practices. Intrepid travelers should take note.

1 week ago

Marriott CEO Details How the Company Messed Up in China

Marriott CEO Details How the Company Messed Up in China

Deanna Ting, Skift

If there's anything for other businesses to learn about this snafu, it's this: Don't mess with China.

1 week ago

Hyatt Is Pursuing Its ‘Asset-Lighter’ Strategy With Plan to Sell More Properties

Hyatt Is Pursuing Its ‘Asset-Lighter’ Strategy With Plan to Sell More Properties

Brian Sumers, Skift

It's hard to predict where markets will go, but it seems Hyatt is selling these two properties at an opportune time. How much higher can hotel real estate prices go?

1 week ago