Articles tagged “generator hostels”

Hotels

Gen Z Gives Surprising Boost to Some Hotels

Some hoteliers that cater to Gen Z see many of today's young people spending a larger share of their discretionary income on travel than Millennials did.

Gen Z Gives Surprising Boost to Some Hotels

News Blog

Generator Hostels’ Forecasts 50% Jump in Earnings as Budget Travelers Seek Deals

Generator Group, which owns or runs 21 hotels, gave a financial update on Monday that underscored the post-pandemic boom in travel. London-based Generator Group forecasted that it's on track to produce revenues of about $238 million (€225 million) this year — which would represent a 25% jump over the company's revenue in the pre-pandemic year…

Hotels

The Hotel CEO Who Doesn’t Need Digital Nomads

Today’s edition of Skift’s daily podcast looks at the hotel CEO ready to move on from remote work, Etihad Airways’ first female pilot, and what the new generation of hospitality workers are looking from from employers.

The Hotel CEO Who Doesn’t Need Digital Nomads

Tour Operators

Intrepid Bets on Australian Expansion

Today’s edition of Skift’s daily podcast looks at Intrepid’s latest acquisition, a hostel takeover in New York, and Tijuana’s aviation edge.

Intrepid Bets on Australian Expansion

Hotels

Generator’s Takeover of Paramount Hotel in Times Square Is Part of Broader Hostel Reboot

Generator makes an intriguing case that there's an opportunity to target well-off millennial travelers looking for distinctive places to stay in cities where budget hotels with buzzy bars are scarce.

Generator’s Takeover of Paramount Hotel in Times Square Is Part of Broader Hostel Reboot

Hotels

Hotel Developers Still See Opportunities in Travel’s Crowded Hotspots

Recent moves by MCR, JL Capital, Indian Hotels Company, and Generator show how developers pry their hotels into built-up destinations.

Hotel Developers Still See Opportunities in Travel’s Crowded Hotspots

Hotels

Generator Hostels Backer Is Spending $400 Million to Buy Micro-Hotel Operator Freehand

Hostels and micro-hotels have been sexy again for the last few years. Sydell Group and Ron Burkle are cashing in as Generator works to move away from its hostel roots and into the wider world of boutique hospitality.

Generator Hostels Backer Is Spending $400 Million to Buy Micro-Hotel Operator Freehand

Hotels

Generator Doesn’t Want to Be Known as a Hostel Brand Anymore

Does it really matter whether you call a place to stay a hostel or a hotel anymore?

Generator Doesn’t Want to Be Known as a Hostel Brand Anymore

Hotels

Generator Hostels CEO Departs and Officials are Mum on a New One

Yes, top leadership changes often take place after an acquisition. But the number of "no comments" we've received, and the quickness of it all, makes us think there's something much more complicated happening here.

Generator Hostels CEO Departs and Officials are Mum on a New One

Hotels

Generator Hostels Sold to Another Private Equity Firm for $480 Million

While the sale from one private equity firm to another isn’t necessarily the most exciting news, the promise of further funds for expansion by the new owner shows a commitment to the budget model. The hostel landscape is very different than it was 10 years ago and by focusing on design, Generator managed to evolve the product.

Generator Hostels Sold to Another Private Equity Firm for $480 Million