Hyatt completes acquisition of Mr & Mrs Smith travel platform, Singapore Airlines posts the highest net profit and more...

Hyatt completes acquisition of Mr & Mrs Smith travel platform
Monday, 5th June 2023

Hyatt completed acquisition of London-based Mr & Mrs Smith, a global travel platform that provides direct booking access to a carefully curated collection of more than 1,500 boutique and luxury properties.

Hyatt further continues its transformative growth journey on the heels of doubling the number of luxury rooms, tripling the number of resort rooms, and quadrupling the number of lifestyle rooms over the past five years >>

Air New Zealand starts to weight it passengers
5 Jun 2023 : Air New Zealand will be asking more than 10,000 customers travelling on its international network to take part in a passenger weight survey this June >>

IHG signs third Kimpton in Spain
3 Jun 2023 : IHG Hotels & Resorts is proud to announce the signing of Kimpton Los Monteros Marbella – the latest milestone in its rapid European growth >>

Singapore Airlines posts the highest net profit since inception, free Wi-Fi for members
2 Jun 2023 : Strong demand drives record revenue, operating profit and passenger load factor for the Group with robust near term forward passenger sales across all cabin classes >>

HIGHLIGHT ARTICLE

Closing the Deal with Gen Zs
Friday, 2nd June 2023

Although they would like to deny it, Gen Zs and Millennials do have one very important thing (for you!) in common: just like the Millennials before them, Gen Zs are highly motivated by travel and will spend as much of their disposable income on it as possible.

This makes Gen Z travelers a hugely valuable demographic for today’s hotels >>

US Hotel Owners Eyeing Interest Coverage
According to CBRE’s February 2023 Investment Performance forecast, total revenues for the average US hotel returned to 2019 levels in 2022, but the recovery of hotel profits will be delayed until later this year >>

In case you've missed it: Global eNewsletter of June 01, 2023
Hong Kong is making a high speed recovery following its reopening, Pan Pacific Orchard debuts and more >>