Hyatt in advanced discussion to acquire Standard International, Virgin Limited Edition joins Preferred and more...

Hyatt in advanced discussion to acquire Standard International
Friday, 19th July 2024

Hyatt Hotels Corp is close to finalizing an acquisition deal with Standard International, a boutique hotel operator. However, while discussions are ongoing, the deal has not yet been finalized and there is a possibility it may not materialize >>

Virgin Limited Edition joins Preferred
19 Jul 2024 : Preferred Hotels & Resorts, the world’s largest independent hotel brand, is pleased to announce a new strategic partnership with Virgin Limited Edition >>

UN Tourism and TUI Care Foundation partner to support African artisans in rural areas
19 Jul 2024 : UN Tourism and TUI Care Foundation have solidified their ongoing partnership by signing an agreement at the UN Tourism headquarters in Madrid >>

US hotel construction shows strong activity
19 Jul 2024 : The volume of US hotel rooms under construction reached its highest level in 16 months >>

HIGHLIGHT ARTICLE

Pulse of the Industry 2024: Will Anything Stop the Surge in Luxury Travel?
Friday, 19th July 2024

Luxury travelers are driven by emotional needs like curiosity, fulfillment, and self-care, and they are willing to spend large sums to reach those goals. At the same time, they express concern about the price-to-value ratio and the quality of service. Managing client expectations requires significant effort.

There are challenges when it comes to managing their own businesses as well: hiring and retaining talent; navigating technologies such as NDC, artificial intelligence, and social media; understanding the impact of virtual meetings on both their clients and themselves >>

Who 'Owns' the Property Website?
Whose compensation is directly tied to the success or failure of the property site and its results: bookings, RFPs, referrals?

Today almost 100% of independent hotels have no clear 'ownership' of the website, which explains the mediocre website bookings and the rising contribution by the OTAs at the expense of the direct online channel >>

In case you've missed it: Global eNewsletter of July 18, 2024
SLH expands in India with a strategic brand partnership, Weeva, sustainability tool for hospitality, to close down and more >>