Articles tagged “ihg”

Good morning from Skift. It's Friday, January 28, in New York City. Here's what you need to know about the business of travel today.

Disruption is the name of the game coming out of a downturn, and it's only natural some hotel owners will migrate to a lower-cost tech platform. But Keith Barr is pretty comfortable with where his global hotel operation stands on the tech front to keep owners within the IHG family.

Who needs to break ground on a new hotel when you can just woo a few existing properties away from the competition?

We’re still weeks away from knowing just how much of an impact the Omicron variant will have on the travel industry. But companies can already discern just how much of a role government can have in altering the course of recovery.

Even though the hotel industries in the U.S. and Europe have outperformed China in recent weeks, developers in these stronger markets should consider how their projects will be impacted by China’s closed borders remaining walled off.

Next year is the first major test of whether a new brand line-up and self-review is enough to roar IHG back to an era of pre-pandemic expansion levels.

The Delta variant didn’t evade major hotel companies from profitability on their most recent quarter. Barring some massive pandemic setback, many of these optimistic outlooks are possible.

Finally, there’s some honesty about the hotel labor shortage crisis, and it doesn't just hinge on pandemic-related unemployment benefits.

Real estate is a long-term play that generally isn’t impacted by downturns, but the pandemic accelerated efforts to beef up some development offerings in the leisure and luxury orbit.

Hotel executives presented China as a definitive, massive growth opportunity to shareholders during the pandemic. But volatility in the development world as well as tough government oversight mean CEOs at companies like Hilton, Accor, and Wyndham need to find a new way to show strength.