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Articles tagged “news blog”

News Blog

U.S. Hotel Hiring Stays Steady Adding 14,000 Workers in February

The U.S. leisure and hospitality sector in February continued its recovery from the pandemic, according to a report from the U.S. Labor Department on Friday. Government surveyors estimated that U.S. businesses created 311,000 jobs in February. About 14,000 of those jobs were in travel accommodation, mainly hotels. That was down slightly from a 15,000 reported gain…

News Blog

Soho House Parent Changes Name to, Surprise, Soho House & Co.

Membership Collective Group is best known for its Soho House upscale member’s clubs and hotels and for being unprofitable for decades. The London-based company wants to change both of those things, it said during a Wednesday earnings call. In a few weeks, it will change its name to Soho House & Co., and its executives said they have…

News Blog

Nigeria’s Transcorp Hotels Returns to Profit and Plans Expansion

Nigeria’s Transcorp Hotels, one of Nigeria’s biggest hotel players, reported that it had returned to profit in 2022 after a rough pandemic. The company reported a full-year 2022 profit before tax of $9.8 million (4.5 billion Nigerian naira) on $68.2 million (31.4 billion naira) in revenue. "This impressive achievement is the highest revenue generated since…

News Blog

Sabre to Make Former CWT Exec Kurt Ekert CEO

Travel technology giant Sabre said on Wednesday that Sean Menke, who has been CEO of the company since 2016, will become executive chair of its board on April 27, at which time its current president, Kurt Ekert, will become its CEO, too. "It has been an honor and privilege to help lead Sabre over the…

News Blog

Marriott Gives Finance Chief Leeny Oberg Oversight of Global Development

Marriott International said on Friday that its chief financial officer, Leeny Oberg, will now also lead the company's global development organization, responsible for the strategic growth at the world's largest hotel operator. As executive vice president for development, Oberg will advocate for the Bethesda, Maryland-based company's portfolio of 31 brands as the company aims to…

News Blog

Marriott Vacations Sees Timeshare Strength on Torrid Leisure Travel Demand

Marriott Vacations Worldwide Corp's new CEO John Geller said on Thursday that the company's fourth-quarter earnings underscored continued strength in leisure demand for its timeshare properties, package tours, and other offerings for travelers, despite talk of economic uncertainty. In the fourth quarter, the company generated a net income of $88 million off of $1.19 billion…

News Blog

North American Hotels See Guest Satisfaction Drop

Travelers are only modestly more dissatisfied with hotel stays on average worldwide than before the pandemic, according to a review of 6 million user-generated reviews and 20 million online comments. But North America stood out as a region where many guests felt hotels were underperforming compared to 2019. Shiji ReviewPro compiled its 200-page hotel guest…

News Blog

Wyndham Program to Boost Black Hotel Ownership Signs 18 Deals

Last July, Wyndham Hotel & Resorts unveiled an effort to help Black dealmakers, franchisees, and developers join the club of hotel entrepreneurship. The U.S.-based hotel franchisor updated the media on Wednesday about the U.S. effort, saying it has signed deals for 18 hotels. Wyndham — which calls its program Bold[Black Owners and Lodging Developers] — highlighted two Black hotel…

News Blog

Marriott CEO Frames Yacht-Like Cruises as a Bet on Luxury and Loyalty

Marriott International CEO Anthony Capuano on Tuesday toured the Evirma, the first sailing vessel in The Ritz-Carlton Yacht Collection. Capuano said in an interview that yacht-style cruises on the 623-foot Evrima — which hosts fewer than 300 people at a time — represent an important pillar of growth for the world's largest hotel operator by…

News Blog

Japan Likely to Target a Record Foreign Visitor Count in 2025: Report

Japan intends to draw a record number of inbound travelers in 2025, according to a draft of a government plan seen by Kyodo News on Thursday. The 2023 to 2025 tourism plan also strives to boost per-person spending to $1,500 (200,000 yen) — up about 25 percent from the pre-pandemic level. The plan includes marketing…