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Category: Finance and Development


Finance and Development, Financial

IAC Invests $1 Billion for 12% Stake in MGM Resorts International

August 11, 2020

Via: Hospitality Net

IAC (NASDAQ: IAC) today announced its accumulation of a 12% interest in global hospitality and entertainment company MGM Resorts International (NYSE: MGM) for an aggregate of approximately $1 billion. “With the separation of Match Group from IAC, and ‘new’ IAC […]


Finance and Development, Markets

Five Marketing Techniques Hoteliers Can Count On

August 11, 2020

Via: Hospitality Net

Hospitality marketing teams have a tough job to do these days. Pivot, pivot – and pivot again. As we all know, the familiar world around us has become quite unfamiliar, and, the predictable – unpredictable. With so many situations up […]


Finance and Development, Financial, Hotels

Hotel Demand and GDP Have a Strong Correlation and That’s a Problem

August 10, 2020

Via: Hospitality Net

Among the many delicious scenes from the movie “Goodfellas” is one where the characters of Ray Liotta and Joe Pesci burn down a restaurant because its credit has run out, putting an end to their graft. “And then finally, when […]


Finance and Development, Trends

How Works Of Art Impact Hospitality Spaces

August 5, 2020

Via: Hospitality Net

The benefits of art Whether we are looking at the enormous industry built around interior design or start-ups helping companies create a hospitable environment for clients and employees alike, the aesthetic context matters. The importance of physical environments, particularly in […]


Finance and Development, Trends

Taking A Fresh Approach To Hospitality

August 3, 2020

Via: Hospitality Net

Delivering affordable luxury with a high tech component, citizenM has always taken a fresh approach to hospitality. The global budget luxury brand, launched in 2008, has always put tech at the center of its offering, both from a customer standpoint […]


Finance and Development, Trends

Hotel Guests Checking In For The Long Haul

August 3, 2020

Via: Hospitality Net

(CNN) – Forget checking into a hotel for a long weekend or a week. In the wake of COVID-19, travelers around the world are booking stays that last a month or even longer. According to hoteliers globally, it’s a pattern […]


Finance and Development, Trends

New Barometer On Hospitality Recovery Trends

July 29, 2020

Via: Hospitality Net

Paris – On April 9th, D-EDGE launched the Hospitality Recovery Tracker to help hoteliers and the hospitality ecosystem spot the first signs of recovery, so they could allocate the right resources at the right time. D-EDGE is happy to launch […]


Finance and Development, Markets

Boeing slashes aircraft production plans, warns on new job cuts as coronavirus devastates travel

July 29, 2020

Via: CNBC

Boeing said Wednesday it plans to cut aircraft production and warned about the possibility of further reductions in its workforce as the impact of the coronavirus pandemic ravages demand for air travel. The pandemic has driven up financial losses at […]


Finance and Development, Trends

From Lockdown Staycation To Sustainable Tourism: Accelerating Change

July 28, 2020

Via: Hospitality Net

During the current public health crisis, we have grown perhaps a little too familiar with our own four walls. COVID-19 and the widespread lockdown has forced upon us a period of reflection, removing the possibility of travel altogether in the […]


Finance and Development, Financial, Hotels

How Government Loan Assistance Has Helped Prop Up Hotel Profitability

July 28, 2020

Via: Hospitality Net

The tidal wave of COVID-19 has left many in the hotel industry gasping for air amid choppy financial waters. Luckily, governments across the globe have tossed hotels a much-needed financial floatation device. Unfortunately, keeping government loan assistance straight can be […]