Articles tagged “real estate”

Which Brand Will Win the Holiday Wearable Battle?

Which Brand Will Win the Holiday Wearable Battle?

Leslie Barrie, Skift

After Peloton’s advertising fiasco, other fitness technology brands will likely step it up this season and market themselves as the “It” holiday gift. And because wearables cost so much less than a Peloton bike — even for the top-of-the-line Apple Watch — chances are they’ll see a surge in seasonal sales.

2 months ago

Tokyo’s Iconic Okura Hotel Is Back With $1 Billion Makeover

Tokyo’s Iconic Okura Hotel Is Back With $1 Billion Makeover

Reed Stevenson, Bloomberg

The famed hotel is best known for hosting foreign leaders, including U.S. presidents. But the rebuild, featuring two new buildings, also offers owners the opportunity to benefit from other mixed-use real estate developments scheduled in the area.

5 months ago

Skift Global Forum Preview: Inspirato Pass Offers a Discounted Luxury Ticket Around the World

Skift Global Forum Preview: Inspirato Pass Offers a Discounted Luxury Ticket Around the World

Danni Santana, Skift

The best way for travelers to get the most out of their Inspirato Pass is to book early and often. That way shelling out $30,000 a year for the subscription will essentially pay for itself, given the number of high-end trips customers will wind up taking.

5 months ago

Nobu Now Sees Lodging as Its ‘Speedboat’

Nobu Now Sees Lodging as Its ‘Speedboat’

Danni Santana, Skift

With 18 hotels signed, opened, or under construction, Nobu Hotels is growing its hotel portfolio rapidly. But the chain is focused only on major global markets.

6 months ago

U.S.-China Trade War Hurts Accor But It Won’t Deter Asia Expansion

U.S.-China Trade War Hurts Accor But It Won’t Deter Asia Expansion

Danni Santana, Skift

The hotel group remains confident the international conflict will pass, as it commits resources to expanding in Asia.

7 months ago

Equinox CEO Bets on Loyal Customers to Make New Luxury Hotel a Success

Equinox CEO Bets on Loyal Customers to Make New Luxury Hotel a Success

Patrick Clark and Viviana Hurtado, Bloomberg

We agree with Equinox that consumers are looking for something different, but the U.S. markets the new hotelier is planning to open in bring great risk to future sustainability.

7 months ago

The La Quinta Brand Is Receiving Plenty of TLC From Wyndham

The La Quinta Brand Is Receiving Plenty of TLC From Wyndham

Danni Santana, Skift

Chalk up La Quinta's poor performance in the second quarter to nothing more than a blip. The brand has always performed in line with direct competitors. But Wyndham wants to take it to another level.

7 months ago

Hotel Startup Life House’s Hedge: Selling Its Own Tech as Well as Rooms

Hotel Startup Life House’s Hedge: Selling Its Own Tech as Well as Rooms

Danni Santana, Skift

The lifestyle hotel space has gotten very crowded, especially over the last 18 months. But it appears Life House has a viable fallback plan in place in case expansion plans don't work out.

8 months ago

Oyo Is Betting U.S. Strategy on Aggressive Dynamic Pricing

Oyo Is Betting U.S. Strategy on Aggressive Dynamic Pricing

Danni Santana, Skift

Oyo's dynamic pricing strategy could turn out to be a bit of a double-edged sword in the U.S., where the company faces greater competition. On one hand occupancy is sure to go up for many of its hotel partners, but if a majority of rooms are booked last-minute at incredibly low prices, hotel managers can start enduring some losses.

8 months ago

Oyo Plans $300 Million U.S. Expansion With Focus on Major Cities

Oyo Plans $300 Million U.S. Expansion With Focus on Major Cities

Danni Santana, Skift

Sometimes it's obvious when a company is growing too fast. This doesn't appear to be one of those times. Oyo wants to be everywhere customers want to vacation.

8 months ago

Hyatt’s Two Roads Hospitality Acquisition Drives Larger Loyalty Play

Hyatt’s Two Roads Hospitality Acquisition Drives Larger Loyalty Play

Danni Santana, Skift

Hyatt keeps packing on the partnerships to please reward members, which is probably the smart play for the time being. Creating alliances with hoteliers is a faster solution than building a slew of new properties in new markets from scratch.

9 months ago

Ritz-Carlton Central Park May Be Sold

Ritz-Carlton Central Park May Be Sold

Gillian Tan and Patrick Clark, Bloomberg

A nationwide slowdown in room demand has hit New York City hotels harder than most cities and the owners of Ritz-Carlton Central Park are looking for a way out.

9 months ago