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Articles tagged “news blog”

News Blog

Hotel Tech Trade Show HITEC Faces Competition From New Event

A major hotel technology trade show in North America appeared to get sudden competition on Thursday thanks to a new conference backed by a major U.S. hotel lobby. For five decades, hotel tech professionals have run HITEC, the Hospitality Industry Technology Exposition and Conference. But on Thursday, American Hotel & Lodging Association (AHLA) and Questex,…

Sean O'Neill | 2 years ago

News Blog

Saudi Arabia Taps New $400 Million Fund to Help Build Ennismore Branded Lifestyle Hotels

Saudi Arabia's tourism development fund said it would help invest in the building of lifestyle hotels in the kingdom through a new hotel investment fund worth $400 million (1.5 billion Saudi riyals) that Al Rajhi Capital will manage. Ennismore, a lifestyle hospitality joint venture with Accor, will pinpoint locations, provide financing options, and lead the…

Sean O'Neill | 2 years ago

News Blog

Blackstone’s Sale of The Cosmopolitan Hotel Notched Profit Record

Alternative asset manager Blackstone released its earnings on Thursday and revealed that its $5.7 billion sale of the Cosmopolitan hotel and casino in Las Vegas had produced about $4.1 billion in profit, the Wall Street Journal estimated The financial firm said in filings that the Cosmopolitan sale was its most profitable single real estate asset…

Sean O'Neill | 2 years ago

News Blog

Strong U.S. Dollar Prompts American Visitors to Europe to Splurge

American tourists to Europe have more buying power than usual, which means that the dollar can buy 15 percent more than a year ago. Visitors are spending on everything from wine to handbags. Here are some interesting statistics from The Wall Street Journal on Monday: "Overall, travelers from the U.S. spent 56% more money in Europe…

Sean O'Neill | 2 years ago

News Blog

Tokyo’s Toggle Hotel Brings Color to Bleisure Trend

One of the most talked about trends in travel has been how many people are merging business with leisure in "workcations" or "bleisure." The Toggle Hotel in Tokyo caught our eyes for how it brings the concept of blended hospitality to life. The Toggle Hotel has painted most of its interiors in only two colors,…

Sean O'Neill | 2 years ago

News Blog

JetBlue-Backed Startup Flyr Buys Airline E-Commerce Company Newshore

Flyr Labs, which sells software to airlines to help them set their fares in revenue-boosting ways, has bought Newshore, a Barcelona-based software business that helps airlines with selling. The companies didn't share the deal terms or price. They said the acquisition would help Flyr's clients in a few ways, such as by helping carriers more…

Sean O'Neill | 2 years ago

News Blog

Consumer Trust in Airlines Has Dropped Since January, Says Poll

A new survey has found that only one in four Americans planning to travel in the next three months trust airlines “a lot." The survey was published on Thursday by Morning Consult. For both "all U.S. adults" and for "frequent flyers," trust is down by 4 percentage points since a survey at the start of…

Sean O'Neill | 2 years ago

News Blog

North American Travelers Rebuke Hotels on Quality Issues, Says JD Power Survey

A lot of hotel guests are dissatisfied with customer service and costs, according to study released on Wednesday by JD Power, a market research firm. A survey of 34,407 hotel guests for stays between May 2021 and May 2022 found a higher level of complaints than the previous comparable period. Many consumers appear to be…

Sean O'Neill | 2 years ago

News Blog

Travel Startup Caravelo Raises About $3 Million in Funding for Travel Subscriptions Tech

Caravelo, a startup specializing in travel subscription services, said on Monday that it had received approximately $3 million (€3 million) in funding from Banco Sabadell via Sabadell Venture Capital and Inveready Venture Finance. Caravelo, based in Barcelona, said it had seen revenue from its travel subscription solutions double in the first half of the year.…

Sean O'Neill | 2 years ago

News Blog

Ireland Risks Becoming Too Costly for Tourists, Says Report

The Irish Tourism Industry Confederation (ITIC) published an eye-catching report on Thursday that found that Ireland was among the top five costliest European destinations when it comes to accommodation, food, beverages, and getting from place to place domestically. That's not good news if Ireland wants to win back its full share of tourism in the…

Sean O'Neill | 2 years ago