Good morning from Skift. It's Tuesday, June 14, in Puerto Rico (where the Skift Team is meeting). Here's what you need to know about the business of travel today.
Choice Hotels should be able to make good use of Radisson's Country Inn brand. Odds favor this transaction's long-term success. But the pact between frenemies Choice and Radisson is not without risk.
Global Hotel Alliance notches up 21 million members after signing up Spain’s NH Group. It might now have an eclectic mix of global independent brands, but will need to watch its rivals' next steps closely: if they're not merging, they're leveraging their considerably greater size and scale to secure new loyalty partnerships outside traditional hospitality channels.
Despite all the pessimism on Wall Street these days, plenty of companies are still out there looking and moving forward on deals. The hotel sector will remain in the spotlight.
Choice can boast a strong set of first-quarter results, but the hotel group thinks the best is yet to come with a summer of impromptu road trips ahead.
Eric Danziger, the departing CEO at Trump Hotels and one of the few non-family members to hold the top job at the company, is the latest drag on the hotel brand that has shed properties over the last several years.
How Nordic Choice recently handled a ransomware attack, sold a hotel tech subsidiary, and kept employees engaged while opening 16 hotels makes it an interesting tech example for other hotels.
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.
These aren’t going to be transformative deals for Choice Hotels like Starwood was for Marriott, but an upscale, extended stay brand would provides another option for business travelers. Meanwhile, a higher-end, full service brand would just help round out the overall portfolio.