It's a hostel takeover. Several leading institutional names have invested in European hostel brands in the past 30 months, essentially underwriting the bunk bed.
In the U.S., 14 citizenM hotels have what's essentially a new mortgage and loan provider. J.P. Morgan led the debt facility, with KSL Capital Partners also taking part. It's among the largest hotel financings of the year.
Loyalty programs are more important than ever – but travelers are moving beyond status tiers and points to seek relevance, reassurance, and value. As expectations rise, credit cards have emerged as a key force in the loyalty ecosystem, offering the flexibility, personalization, and protection travelers now demand.
As the Maldives grapples with economic challenges, travelers may begin questioning if the beauty of its overwater villas and turquoise waters still outweigh the growing price tag.
Cuts to interest rates would inject much-needed momentum into hotel deals and development. It's time to dust off those "When Rates Fall, Hotels Call" t-shirts you've had in the closet.
Modernizing payment and financial operations systems has become one of the top priorities for small- and medium-sized travel companies as they aim to achieve global scale rapidly and strategically. The choices they make today to streamline and unify their payment and financial operations will impact their ability to stay competitive in the future.
The popularity of TUI’s sustainability-linked bonds far surpassed the company’s projections. Will these SLBs be a step toward more sustainable tourism or a mechanism for greenwashing?