Hotel Earnings Season Viewpoints From Top Bank Analysts
Overall, analysts at investment banks like what they hear from public hotel companies about their financial performance in the near term. But the lookout for 2024 is uncertain.
Marriott International News
The journey of the largest hotel chain in the world, Marriott International, Inc. – now with more than seven thousand hotel, residential, and timeshare properties – began with a root-beer stand in Washington, D.C. in 1927 started by J. Willard and Alice S. Marriott. Following its $13.3 billion acquisition of Starwood Hotels & Resorts in 2016, it became the largest global hotel company. It currently commands a mammoth portfolio of more than two dozen hotel brands such as JW Marriott Hotels, The Ritz-Carlton, The Luxury Collection, Delta Hotels, Marriott Vacation Club, Le Méridien, Sheraton Hotels and Resorts, Courtyard, Fairfield, and W Hotels. Its properties contain nearly a million and a half rooms worldwide. Through its premier loyalty program Bonvoy, it is engaged in partnerships with the likes of United Airlines, Uber, American Express, Hertz, and others to optimize customer engagement.
India Daily: Tata Group Seeks Regulatory Nod to Merge Vistara with Air India
Would the eventual integration of the two carriers work wonders in the Indian aviation landscape? Or would it create a culture clash?
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Ascott to Double Over Five Years
The Ascott Limited, a unit of CapitalLand Investment Limited, has achieved its target to secure 160,000 units by 2023 with the signing of over 4,000 units in 1Q this year.
Marriott’s New Ad Campaign Touts Its Loyalty Program in a Murky Direct Booking Future
Marriott's new ad campaign for its loyalty program doesn't explicitly mention online travel agencies. But the ad's gist is that you can find a hotel for any taste and budget on its app. Why book anywhere else?
Ritz-Carlton Breaks the Mold in the Maldives With New Training Campus
EHL Hospitality Business School believes its new center on Fari Campus could help hotels retain employees for longer with a bespoke education program. It's certainly one way to solve the labor shortage.
India Daily: International Hotel Brands Dig Into Luxury to Attract a Growing Middle Class
A growing middle class with high disposable income as well as the big fat wedding industry are fueling the Indian luxury hotels market.
India Daily: Marriott Aims for 250 Properties Across India by 2025
The Indian hospitality segment is highly undersupplied, especially in terms of quality accommodation. International hotel chains are well-positioned to cater to this demand.
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Marriott Promises 100 Properties in India by 2025
Marriott International CEO Anthony Capuano was interviewed at the HICSA Conference in Bengaluru, India this week. He said Marriott plans to expand to at least ten new cities in the country in the next two years with over 100 properties.
Bulgari Hotels Sees Unhurried Growth as a Way to Retain Its Cachet
Having a hotel in every gateway city and resort destination may look rich. But Bulgari is wise to preserve the rarity of its brand by keeping its joint venture with Marriott small.
Expedia CEO Looks to AI to ‘Rebalance’ Dependence on Google
The travel industry has long hoped for something to counter-balance the pecking order in Big Tech. It's not assured, but this time around generative AI could make it happen.