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Virginia Messina, WTTC Senior Vice President, said: “Holidaymakers and the Travel & Tourism sector will breathe a sigh of relief now that quarantine-free holidays have been given the green light by the government for those that have been fully jabbed. “While it’s a step in the right direction, there is
A total of 74 deals (comprising mergers & acquisitions, private equity, and venture financing deals) were announced in the global travel and tourism sector during June, which is an increase of 39.6% over 53 deals announced in May, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead
The Scottish government has announced the launch of a new recruitment drive, encouraging people to choose a career in the country’s tourism and hospitality industry. As part of the drive, the government launched an advertising campaign targeting roles within the industry to young people who have had their job prospects
Jastar Capital, a value-add investor in hotels and real estate, has acquired The Winchester Hotel and Spa for an undisclosed sum. The four-star full-service unbranded hotel and spa features 98 en-suite bedrooms, restaurant and health club with a poolside relaxation area, hot tub, gym, sauna and steam rooms. The property,
Hotels in the south west of the UK are reportedly set to be holiday “hotspots” this year, with booking levels averaging 70.7% in July and 66.5% in August. According to Profitroom, data for September indicates an average booking level of 50.2%, which reportedly means hotels in the region will be
Edwardian Hotels London has revealed its new “super boutique” hotel – The Londoner – is set to open in September 2021. The hotel, located in Leicester Square, will feature 350 rooms, 16 storeys, six concept eateries, a “unique” members club-style private area, meeting and event space, cinema and an entire
SAN FRANCISCO: Sonder Holdings Inc. (“Sonder” or the “Company”), a leading next-generation hospitality company that is redefining the guest experience, today announced financial results for the quarter ending March 31, 2021. Sonder delivered robust unit and revenue growth, driven by strong indicators of a resurgence in travel demand. The Company
Confidence is returning to the UK investment market, with new investors taking the plunge alongside the return of traditional hotel backers. In London, hotel operator PPHE has pulled in a new investment partner, in the form of Israeli insurance company Clal. A new joint venture has drawn in GBP113.7m in cash,
Leading hostel brands are looking to restart their businesses, as the pandemic wanes. But it seems they may be welcoming new investors, as well as returning backpackers. The niche was hit harder than hotels, as lockdowns hit. Even during times when they were able to operate, social distancing regulations meant hostels could
The UK’s final easing of covid-19 restrictions now looks likely to allow full scale large events, after the success of a series of pilot events. The move comes as hotel groups around the globe underline the importance of real world meetings, encouraging businesses to get travelling once more. New research
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