The hotel industry is in the midst of the longest upward cycle in its history – with demand rising for seven consecutive years, driving rates and occupancy.
We start a serie of blogposts to share industry professionals’ publications on Hospitality trends. As part of 2017 Hospitality guide to what’s hot in categories like technology, sales and marketing, development, design and wellness they present what’s new and what’s hot in F&B. Today: Grab and go goes big; what’s that you’re drinking?
Airbnb guests have spent US$4.5 billion in the past year on restaurants and dining out in the U.S. and international cities, according to a report conducted by the company. The report illustrated that, while hotels may be missing out on room spend as a result of the sharing platform’s activities, they may yet be able to drive food-and-beverage revenue.
China’s aviation and shipping giant HNA Group extended its push into hotels and Chinese tourism on Monday, paying $6.5 billion to buy a 25 percent stake in Hilton Worldwide Holdings Inc (HLT.N) from biggest shareholder Blackstone Group LP (BX.N).
According to announcement from March 21, 2016 Marriott has won the takeover of Starwood by proposing revised bid. Hence, by accomplishing this stage Marriott will hold a status of largest global hotel operating company.
Hilton Worldwide announced 2016 1st quarter data on Wednesday, releasing an unexpected profit of $309 million for the first three months of the year.
After a dramatic last few weeks in which Marriott International nearly lost out on its quest to acquire Starwood Hotels & Resorts to Chinese insurer Anbang and its investor group, both hotel companies hosted their respective shareholder meetings April 8 to endorse their newly agreed upon merger pact.
In the wake of the terrorist attacks in Brussels on March 22, 2016, many are wondering if it is safe to travel to Europe. Unlike the Paris attacks, there have been fewer calls to a swift return to normal operations in Europe as concerns about security linger.
Mexico’s Caribbean coast is dotted with many all-inclusive resort-style beach hotels. But in many ways, Cancun’s Moon Palace Golf & Spa Resort is in a class by itself, thanks to the wide range of amenities, activities and features that appeal to a diverse group of travelers – making it easier for you to sell to a wide range of clients.
President & CEO of the World Travel & Tourism Council (WTTC), David Scowsill, announced today in Dallas, the theme of WTTC’s Global Summit “Travel Beyond Boundaries”.