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Articles tagged “budget hotels”

Hotels

Wyndham Sees Modest Weakening for Budget Hotels as Trends Normalize

Looking ahead, Wyndham executives said they weren't concerned about competition from Marriott, Hilton, and Hyatt in the extended-stay segment because they believe their model is aimed at delivering a more affordable product with lower costs for developers.

Wyndham Sees Modest Weakening for Budget Hotels as Trends Normalize

Hotels

Artificial Intelligence Is Coming to Hotel Pricing

Today's edition of Skift's daily podcast looks closer at hotel pricing and AI, San Francisco’s tourism challenges, and India’s cricket hotel push.

Artificial Intelligence Is Coming to Hotel Pricing

Hotels

India Races to Ready Budget Hotels Ahead of Cricket World Cup 

Opening its arms and homes, and greeting “Namaste” to the world is a nation whose unofficial religion is cricket.

India Races to Ready Budget Hotels Ahead of Cricket World Cup 

Hotels

India Daily: Airbnb Partners With Tourism Ministry to Boost Heritage Properties

Legacy wouldn't last unless there was community support, and also that tourism has a multiplier effect on jobs and livelihoods. After all, there’s no greater motivation than protecting one's heritage.

India Daily: Airbnb Partners With Tourism Ministry to Boost Heritage Properties

Hotels

Travelodge Owner Seeks Sale for Up to $1.5 Billion: Reports

We should take this deal talk with a grain of salt until there's a term sheet. That said, the budget hotel sector in the UK has boomed post-pandemic, boosting the financial performance of privately held Travelodge.

Travelodge Owner Seeks Sale for Up to $1.5 Billion: Reports

Online Travel

Chinese Hotel Firm Rakes in Six-Fold Return as It Sells Minor Stake in Oyo

Not a bad payday, considering the partial exit yields a substantial six-fold return for H World Group. However, the heightened scrutiny on startup valuations has kept a lid on gains for Oyo.

Chinese Hotel Firm Rakes in Six-Fold Return as It Sells Minor Stake in Oyo

Hotels

Premier Inn to Expand Budget Hotel Empire in Germany Through Acquisitions

Branded rivals Ibis, B&B, Motel One, and Best Western better watch out. UK-based brand Premier Inn is hungry to grow in the large German market.

Premier Inn to Expand Budget Hotel Empire in Germany Through Acquisitions

Hotels

Whitbread’s Premier Inn Sees Boost From Budget Travel Demand

Cost-conscious consumers might have helped UK-based hotel chain Premier Inn beat performance expectations. Still, the company seems set to find added measures to add value for its shareholders with a potential share buyback program.

Whitbread’s Premier Inn Sees Boost From Budget Travel Demand

News Blog

Oyo Claimed to Have Outpaced U.S. Budget Hotel Recovery

Oyo, which advertises itself online as "India's Best Online Hotel Booking Site for Sanitized Stays," said it is performing well in the U.S. — after de-emphasizing its U.S. presence during the height of the pandemic. The Oyo Las Vegas Hotel. Source: Danielle Hyams/Skift India is Oyo's largest market. The company said Friday that during 2022…

Hotels

New Field & Stream Hotel Brand Backed by Starwood Wagers on Outdoor Travel Growth

Congratulations, Mr. Sternlicht. You just invented motels. Econolodge without the econo. We look at the new brand's pitch deck.

New Field & Stream Hotel Brand Backed by Starwood Wagers on Outdoor Travel Growth