Author: amazing

From Bulgari to Baccarat, the luxury hotel hosting wealthy Chinese millennials

As China is still on track to account for a quarter of the global luxury goods market by 2025, connecting with Chinese consumers in a personal way is more critical than ever before. And one popular way heritage names are doing this is by opening five-star hotels to welcome fans inside their universes. Ever since Palazzo Versace opened in Australia back in 2000, the world’s leading fashion and jewelry brands have launched either a dedicated suite in an existing location or a stand-alone hotel somewhere around the globe. There’s the Baccarat Hotel in New York, the Bulgari Hotel in London… Read More

Hilton acquires Graduate Hotels in USD 210 Million deal, marking first brand acquisition in over two decades

According to Reuters, on Thursday, Hilton announced its acquisition of Graduate Hotels from Adventurous Journeys Capital Partners for USD 210 million, marking its first brand purchase in over 20 years amid growing pressures in the hotel industry, creating opportunities for consolidations. Hilton sees significant potential in the Graduate brand, which primarily caters to locations near major colleges and universities in the United States and the United Kingdom, estimating a global market of 400-500 hotels. “University towns tend to have steady demand, from students, parents, and visiting academics, largely unconnected to the global economy,” commented Richard Clarke, an analyst at Bernstein.… Read More

The 2021 Indonesian Food and Hotel Exhibition recorded 1,629 visitors

Jakarta (ANTARA) – The 2021 Indonesian Food and Hotel Exhibition (FHI), which ended virtually on September 24 2021, was reportedly successful in attracting 1,629 visitors and 55 brands in the hotel industry (hospitality), food and beverage (F&B) to join and do business. FHI VirtualHub 2021 Event Director, Juanita Soerakoesoemah, in her statement on Tuesday said that the exhibition which took place from 21-24 September 2021 recorded more than 160 business meetings held virtually and succeeded in facilitating the establishment of 1,725 relationship contacts. Also read: Indonesian Food & Hotel Exhibition held virtually Even in the midst of social restriction policies,… Read More

BREAKING NEWS – Corruption Eradication Commission Seals a Number of Tax-Defaulting Hotels in Gili Trawangan

Mataram (NTBSatu) – The Corruption Eradication Commission (KPK) team went to the Gili Trawangan tourist area, Gili Indah Village, Selamat District, North Lombok Regency (KLU), Friday 15 March 2024. They moved from hotel to hotel which had previously been recorded as being in arrears on taxes. From the information obtained NTBOnetwo hotels visited, Gili Kama and Gili Sands. ADVERTISEMENT The KPK consists of around four people, led by the Chair of the KPK Region V Supervision Coordinator Task Force (Korsup), Dian Patria. The Corruption Eradication Committee (KPK) team moved since morning at around 09.00 WITA, accompanied by the KLU Inspectorate… Read More

Travel influencers promote hotels and brands. Are they worth it?

The market for influencer marketing reached a valuation of $21.1 billion in 2023, according to Statista. Brands and businesses are carving out marketing budgets and freebies for influencers more than ever, typically as a strategy for driving brand awareness and, in some industries like consumer product goods, for sales (“use code HEATHER for 20% off your first order!” ). Hotels and the ROI of influencer marketing (at least in terms of dollars and cents) have always had a murky relationship. The reality is that travel-booking decisions take much more time and thought than most other purchase decisions. It’s much easier… Read More

Host Hotels & Resorts (HST) Up 2.4% Since Last Earnings Report: Can It Continue?

A month has gone by since the last earnings report for Host Hotels (HST). Shares have added about 2.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Host Hotels & Resorts due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Host Hotels’ Q4 FFO Meets Estimates, Occupancy Up Y/Y Host Hotels reported fourth-quarter AFFO per… Read More

GLOBAL HOTEL ALLIANCE AND THE LEELA PALACES, HOTELS AND RESORTS HIGHLIGHT INDIAN MARKET’S HUGE TOURISM GROWTH POTENTIAL AT INAUGURAL SKIFT INDIA SUMMIT 2024 USA – English India – English

GHA DISCOVERY members in India generated a record $68m in revenues in 2023 GHA DISCOVERY India membership hits 540,000, up 21% YOY Domestic (51%) and international (49%) revenue from India members evenly split India member outbound revenue at GHA hotels reaches an all-time high of $60msurpassing 2019 figure Singapore, Thailand and the UAE are the most popular outbound destinations for India members US, UK and Australia top source markets for travel to India MUMBAI, India, March 22, 2024 /PRNewswire/ — UAE-headquartered Global Hotel Alliance (GHA)the world’s largest alliance of independent hotel brands, which this year marks its 20thth anniversary, highlighted… Read More

Alberta to rehome 39 people after covering $25K unpaid hotel bill for non-profit housing patients

Premier Danielle Smith says a non-profit that placed Albertans in hotel rooms after they were discharged from hospital put them in danger of eviction with a $25,000 unpaid hotel bill, and the government had to step in to pay. Government staff are working to find appropriate facilities for 39 people — some who were living in apartments and seeking social supports — under the care of Contentment Social Services, the premier said Friday. Smith said the organization is “not up to the task” of caring for vulnerable patients. Jason Nixon, minister of seniors, community and social services, as well as… Read More