The aggressive increase in the fleet size of airlines is accompanied by rapid expansion of operations. The Indian travel industry is rapidly growing, driven by the middle class.
Jolyon Bulley became IHG's CEO of the Americas in July. He aims to bring a “China speed” pace to luxury and lifestyle hotel growth in the group’s largest region.
Soneva resorts Chief Executive Officer Sonu Shivdasani's comment is a testament to the fact that tourism industry has taken a hit following India-Maldives diplomatic dispute.
Luxury is fun, and lifestyle properties are hip. Yet mid-market brands that serve middle-class travelers, a rising group, are the biggest opportunity for major hotel groups.
Hopper is under pressure to get profitable, and an IPO may be in its long-range plans. Blowback against some of its fintech products and issues with hotel chains, aren't helping.