Hyatt to sell Playa’s owned real estate portfolio, hospitality is facing a leadership crisis and more...

Hyatt to sell Playa’s owned real estate portfolio
Tuesday, 1st July 2025

Hyatt has entered into an agreement to sell the entirety of Playa’s owned real estate portfolio, acquired from Playa on June 17, 2025, to Tortuga Resorts, a joint venture between an affiliate of KSL Capital Partners, LLC and Rodina.

Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are met. The real estate transaction of $2.0 billion is expected to close before the end of 2025 and is subject to regulatory approval in Mexico and other customary closing conditions >>

UK tourism may still only grow at half the rate of the economy by 2030
1 Jul 2025 : The nature of tourism in Europe is a hot topic: mass protests (water guns not compulsory) have emerged in several leading destinations, but, while competitors are experiencing pushback against overtourism, the UK finds itself facing a different challenge >>

Maritim and Millennium unveil strategic loyalty partnership
1 Jul 2025 : Millennium and German owner-managed hotel group Maritim Hotels have announced a strategic cross-brand loyalty partnership, uniting two brands and expanded member benefits now available across the global networks of Maritim Hotels and Millennium Hotels & Resorts >>

A new chapter for Mandarin Oriental's founding hotels
1 Jul 2025 : The world of luxury is dynamic; it’s constantly evolving, so we must adapt and elevate our brand with the times >>

HIGHLIGHT ARTICLE

Hospitality Is Facing a Leadership Crisis – Where Are Tomorrow’s GMs?
Tuesday, 1st July 2025

The global hospitality sector is on the brink of a leadership drought.

Over the next five years, the industry is expected to require thousands of new general managers and operational leaders across resorts, city hotels, lifestyle brands, and serviced apartments. But as properties expand and new openings multiply, the talent pipeline is not just narrow, it is dangerously underdeveloped >>

Upwardly Mobile: How Travel Managers and TMCs Can Co-Create the Future of Business Travel
The modern travel manager is a far cry from their counterpart of a decade ago and what was once a role centered on logistics, cost control, and policy enforcement has evolved into a strategic business function that intersects with sustainability, employee experience, risk management, and digital transformation >>

In case you've missed it: Global eNewsletter of June 30, 2025
Branded residences in Asia climbs to a historic high, Orient Express celebrated the float out of Corinthian and more >>