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Articles tagged “news blog”

News Blog

AccorInvest to Sell More Than $2 Billion in Hotel Assets: Report

Accor has signaled over several years that it plans to become more asset-light. Bloomberg News reports that the Paris-based hotel giant is about to take more steps as its owner-operator arm sells hotels. AccorInvest, a hotel owner-operator company created in 2017, wants to sell more than $2 billion (about €2 billion) of hotels in Europe…

Sean O'Neill | 7 months ago

News Blog

California Takes Aim at Junk Fees: New Law Mandates Upfront Pricing from July 2024

California Governor Gavin Newsom signed into law on October 7 a bill to ban mandatory hidden fees — also called junk fees — starting July 1, 2024. "The price Californians see will be the price they pay," said Rob Bonta, the state attorney general. As Skift previewed, the law broadly requires upfront disclosure of any…

Sean O'Neill | 7 months ago

News Blog

Michelin Guide to Start Rating Hotels in 2024

Michelin Guide, whose star ratings are coveted by restaurants worldwide, said on Thursday it would begin designating "the most exceptional hotels." Like with the restaurant rankings, Michelin intends to create a stir by revealing its list of hotels at a ceremony in the first half of 2024. Unlike its restaurant ratings, Michelin will award its…

Sean O'Neill | 7 months ago

News Blog

Generator Hostels’ Forecasts 50% Jump in Earnings as Budget Travelers Seek Deals

Generator Group, which owns or runs 21 hotels, gave a financial update on Monday that underscored the post-pandemic boom in travel. London-based Generator Group forecasted that it's on track to produce revenues of about $238 million (€225 million) this year — which would represent a 25% jump over the company's revenue in the pre-pandemic year…

Sean O'Neill | 7 months ago

News Blog

Hyatt to Launch Vacation Rental Platform, Homes & Hideaways

Hyatt said on Thursday it would shift its strategy in marketing vacation rentals. It plans to launch before year-end a short-term vacation rental platform called Homes & Hideaways by World of Hyatt. Hyatt also said it intended to sell its vacation rental management business — Destination Residences Management — to a company called Lowe, which,…

Sean O'Neill | 7 months ago

News Blog

Marriott Unveils Four Points Express by Sheraton Brand in Europe and Turkey

Marriott International on Wednesday debuted Four Points Express by Sheraton, a midscale hotel brand aimed at Europe, the Middle East, and Africa. The brand aims to target the "midscale" segment of affordable lodging. Marriott estimates that about a half-million independent or locally-branded hotels are in this segment — many of which may be ripe for…

Sean O'Neill | 7 months ago

News Blog

Marriott to Install More Electric Vehicle Chargers at its Hotels

Marriott International said it was streamlining its ongoing process of installing charging infrastructure for electric vehicles at its properties by signing a deal with the vendor EV Connect as its preferred EV charging provider for its properties in the U.S. and Canada. Marriott has already installed roughly 2,400 chargers and charging stations for electric vehicles,…

Sean O'Neill | 8 months ago

News Blog

Europe’s Upcoming Ban on ‘Climate Neutral’ Marketing to Affect Travel Brand Greenwashing

The European Union is on track to ban marketing claims such as "climate neutral" by 2026 that scientifically based certification can't validate. Claims such as "carbon neutral," "environmentally friendly," and "eco" will require companies to verify their products' merits through third-party certification schemes.  Travel companies are among the industries that may be affected by the…

Sean O'Neill | 8 months ago

News Blog

Corporate Booking Platform CDS Groupe Acquires Germany’s Corporate Rates Club

CDS Groupe, a hotel booking platform for business travel, is expanding into the German market through an acquisition.  The France-based company said this week that it has acquired Corporate Rates Club, the business travel segment of TourisMarketing Service GmbH.  Terms of the deal were not disclosed.  Corporate Rates Club will continue to operate independently with…

Justin Dawes | 8 months ago

News Blog

Hotel Brand Selina Sees Upswing in Financial Performance

Selina, a hotel and experiences brand focused on youth travelers, said on Wednesday that its financial metrics were trending in the right direction as it reported earnings results. In the second quarter, the company generated $52.5 million in revenue, a bump of 15.9% year-over-year. Factors included higher occupancy rates, reductions in corporate overhead, and essentially…

Sean O'Neill | 8 months ago