The Indian Hotels Company Limited (IHCL), South Asia’s largest hospitality company, reported its Consolidated and Standalone financials for the third quarter ending December 31st, 2020.
There have been enough articles written and published on the enduring changes 2020 will have on the hospitality industry. There’s no need to rehash all of those. The Duty of Care issue is an emerging one that hoteliers are wise to pay attention to before it becomes part of the many sweeping legislative reforms occurring with the new administration.
MGM Resorts International today reported financial results for the quarter and year ended December 31, 2020.
“We remain confident in the long-term recovery of our business ….. Our fourth quarter results delivered Adjusted Property EBITDAR improvements over the third quarter and our regional operations continued to generate margin growth.”
Demand for staycations is set to reach a decade high as domestic holidaymakers are expected to spend £7.1bn this summer.
According to research conducted by market research firm, Mintel, the UK’s staycation industry will experience a 22% surge in spending, up from £5.8bn in 2019.
UK-based independent hotel management and services company, RBH, has officially opened the doors to its first Heathrow hotel in 20 years.
The opening of Ibis Budget Heathrow T5 marks the completion of the first phase of refurbishment and rebrand of the former Travelodge on behalf of owner Sidra Capital, a Sharia compliant asset manager based in Saudi Arabia.
Once the COVID-19 pandemic reached the states, it was only a matter of time before the tourism industry saw the effects of stay-at-home orders, social distancing and other restrictions. What started as a solid year for the U.S. hotel industry soon took a turn, and April became the worst month on record for hotels in […]
The Inn Collection Group has announced the departure of Keith Liddell as its executive deputy chairman.
The General Tarleton inn in the village of Ferrensby has been sold for an asking price of £850,000.
Uber boosted its revenue by 13% to $3.2 billion in the fourth quarter of last year compared to Q3 2020, but overall the platform’s revenue declined 16% year-over-year as it felt the effects of the COVID-19 pandemic.