Articles tagged “citizenm”

Daily Lodging Report

CitizenM’s Potential Sale Highlights Value in Boutique Sector

The owners of the CitizenM hotel chain, valued at 2 billion euros five years ago and now expected to double in sale price, are considering selling the rapidly expanded brand with over 40 global locations.

Hotels

Hotels are Way Behind on Tech. These Brands Are Trying to Change That.

Hotel executives admit they're late to the party when it comes to adopting technology. Now, they're trying to figure out the basics and adopt innovations all at the same time.

Hotels are Way Behind on Tech. These Brands Are Trying to Change That.

Business Travel

Dutch Hotel Brand Zoku Fine-Tunes New Blend of Hospitality and Work in Paris

The group's French debut next month follows an experiment with one corporation that "bought out" one of its hotels for an entire month. Zoku is now figuring out how to better accommodate office workers — not just business travelers.

Dutch Hotel Brand Zoku Fine-Tunes New Blend of Hospitality and Work in Paris

Tourism

Asia-Pacific Gets a Boost From China’s Reopening

Today’s edition of Skift’s daily podcast looks at travel industry recovery in Asia, CitizenM’s sustainability investment, and successful innovations in travel.

Asia-Pacific Gets a Boost From China’s Reopening

News Blog

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 adopt such financing arrangements. The new funding incorporates specific environmental, social and governance (ESG) goals as part of the push for greener travel. For CitizenM,…

Business Travel

CitizenM Looks for Emotional Connections Through Fledgling Subscription Model

If you can’t compete against the loyalty point focused programs on offer from the likes of Marriott or Hilton, you have to sacrifice something.

CitizenM Looks for Emotional Connections Through Fledgling Subscription Model

Hotels

Hotel Group Faith in Asset Light Model Opens Gap for Upstarts

Most large lodging companies avoid owning real estate. This groupthink is dumb. One of the smartest strategic thinkers in hospitality, Inès Blal, is right to call for a more critical appraisal of the asset-light model.

Hotel Group Faith in Asset Light Model Opens Gap for Upstarts

Business Travel

Selina’s Remote Year Overhauls Business Model With New Subscription Plan

The company has set up a new digital membership platform with more affordable prices to let beginners test the waters before committing to a month-long trip. But the question is whether that's enough to convert digital nomad wannabes into actual bookers.

Selina’s Remote Year Overhauls Business Model With New Subscription Plan

Business Travel

Venture Capital Legend Tim Draper Looks to Franchise Hostels

Startup Draper House, which is part of the billionaire investor's funding network, is the perfect embodiment of entrepreneurial tourism, a fast-growing sub sector that blends startup culture and venture capital with hospitality. Co-branding opportunities could help it expand rapidly.

Venture Capital Legend Tim Draper Looks to Franchise Hostels

Hotels

CitizenM and Life House Redefine Hotel Relationships in Their Own Ways

CitizenM is willing to take a profit hit to entice long-term guest loyalty, while Life House seeks to limit guest services to extract maximum profits for owners. The sustainable business model award goes to CitizenM.

CitizenM and Life House Redefine Hotel Relationships in Their Own Ways