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Hotels
When every investor in a sector says they're "cautiously optimistic," watch out.
Sean O'Neill | 2 years ago
In Skift's top stories this week, Aman Resorts has big plans after receiving a $900 million investment, event attendance hit a plateau, and Vacasa announced a new CEO.
Rashaad Jorden | 2 years ago
Today’s edition of Skift’s daily podcast looks at the near yet uneven recovery of the global accommodation market, Blackstone’s investment in hotels, and the labor opportunity with apprenticeships.
In a turbulent financial market, players such as Blackstone are worth tracking because they usually have more wherewithal to invest in hotels than others do.
News Blog
Alternative asset manager Blackstone released its earnings on Thursday and revealed that its $5.7 billion sale of the Cosmopolitan hotel and casino in Las Vegas had produced about $4.1 billion in profit, the Wall Street Journal estimated The financial firm said in filings that the Cosmopolitan sale was its most profitable single real estate asset…
Business Travel
Blackstone wants to capitalize on the upside of a travel recovery in hotels, and its investment in Groups360 is a small step. The upshot is it helps Groups360 triple the number of hotels it works with.
Matthew Parsons | 2 years ago
Marriott, Hilton, Choice Hotels, and Wyndham all swung to profitability last year, per earnings reports this week. Even if Hyatt didn't, the other reports mostly amounted to a strong sign of recovery well under way for hotel companies with a significant presence in the U.S.
Cameron Sperance | 3 years ago
Coronavirus
Hyatt is banking on a mix of organic brand growth as well as the $2.7 billion Apple acquisition to significantly ramp up its portfolio development in the next few years. All-inclusive resorts as well as the Hyatt Place brand are especially going to be the ones to watch.
Tour Operators
In Skift's top stories this week, tour operators prepare for Japan to reopen to tourists this year, short-term rental properties in the U.S. become more expensive, and Booking and Expedia develop Super Bowl ads.
Rashaad Jorden | 3 years ago
Don’t let the multibillion-dollar deals from Blackstone and Starwood Capital for brands like Extended Stay America cloud one's brand judgment. Marriott is the massive player in the extended stay hotel sandbox — and has a leg up in appealing to more lucrative business travel.
