Marriott Vacations Worldwide Completes Acquisition Of Welk Resorts

Marriott Vacations Worldwide (NYSE: VAC) (“MVW” or the “Company”) announced today that it has completed the previously announced acquisition of Welk Resorts, one of the largest independent timeshare companies in North America, for $485 million, including approximately 1.4 million MVW common shares of stock. “With its eight upper upscale ownership resorts located primarily on the […]

Tourism Sector To See Skill Shortage Amid Returning Demand, Says GlobalData

  With a swift vaccination program underway, demand for international tourism has surged in the UK. Travel companies are preparing to tackle this pent-up demand by hiring – in fact, the number of posted job advertisements within the sector increased by approximately 38% in Q1 2021, according to the Job Analytics tool by GlobalData. However, […]

Cleaning solution that kills coronavirus and reduces workload for hotels

Infection control company ECE Group Services (ECE) has launched a new cleaning solution that is laboratory tested and certified to kill coronavirus on both hard and soft surfaces. XtraProtect is suitable for all hard surfaces of a hotel room, but unlike any other product on the market, it can be used equally effectively on upholstery, […]

RCA names Christie & Co as ‘most active’ hotel agent

Christie and Co has been ranked as one the most active agents in the hotel sector across Europe for 2020 based on the number of hotels sold, according to the latest rankings provided amongst tracked brokers on Real Capital Analytics (RCA). RCA’s latest figures revealed that Christie and Co sold the highest number of hotels […]

Hyatt Announces Significant Brand Expansion Plans In India

Hyatt Hotels Corporation (NYSE: H) announced plans to grow its brand footprint in India – one of Hyatt’s top three growth markets globally – by more than 70% by 2023. With over 20 executed managed and franchised agreements, Hyatt will add more than 3,600 keys to its existing portfolio of 32 Hyatt-branded hotels across eight […]

Accor opens new Ibis hotel in Bridgwater

Accor has announced it has opened the largest internationally-branded hotel in the Somerset town of Bridgwater – the 144-room ibis Bridgwater. Operated by Cycas Hospitality as part of a management agreement with Zeal Hotels and Sandgate Investors, the new-build property is the first ibis hotel in the UK to showcase the brand’s new Plaza design […]

Stepping into heart leadership, redefining resilience | By Anni Hood

If there is one group least likely to attract public sympathy for the challenges of the last 12 months it’s probably corporate leaders. But it has been a tough pandemic for those at the top. Many have had to make and implement very difficult decisions, as well as displaying extraordinary versatility in responding to changing […]

Time for a seat at the table | By Jane Pendlebury

The UK is witnessing a tentative re-opening now that we are at the end of March. Monday 29th saw the end of the Stay At Home rule in England and the fresh ability to meet up in private gardens. Frustratingly, this lifting of restrictions does not include hospitality’s super clean and COVID safe premises until […]

Sonesta Launches Global Hotel Franchising Organization

Sonesta International Hotels Corporation (Sonesta) today announced the launch of its renewed global hotel franchising organization. Less than ten days after completing its acquisition of RLH Corporation, Sonesta is now one of the largest hotel companies, with approximately 1,200 franchised and managed properties. The company offers a complete platform of franchise services, hotel operations, and […]

Saudi Arabia Leads The World In Projected Hotel Supply Growth

LONDON — Saudi Arabia shows 73,057 rooms across the three phases of the hotel pipeline, and the country’s projected 67.1% increase in room supply over the next three years is the highest among the world’s 50 most populated countries, according to STR’s AM:PM platform. Of the total rooms in the pipeline as of 11 March […]