So much for taking a summer vacation. This year, the hotel industry was busy making major moves and investments, as well as launching new brands, properties, and policies.
InterContinental's new CEO Keith Barr seems happy — for now — to carry on with the work done by his predecessor. While rivals have explored other areas, IHG keeps doing the same thing, although it is developing a new midscale brand. Only time will tell which strategy is right.
We are not expecting Armageddon as the Expedia-Hyatt talks come down to the wire. Hyatt wants a fair deal, and Expedia stands to gain if it can retain the broadest depth of hotel content possible. The devil will be in the details but we expect champagne glasses to be raised this week.