Top

Tag: hospitality


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 […]


Restaurants

Three restaurants in Istanbul that are redefining a cuisine as old as the city itself

August 11, 2020

Via: CNBC

A passion for eating permeates Istanbul, a city that famously straddles Europe and Asia, one whose cuisine has long been known for its variety and quality. In addition to the traditional purveyors of impeccable grilled fish and meats, intoxicating street […]


Travel

Travel Community Reacts to Breakdown of Coronavirus Relief Talks

August 10, 2020

Via: Hospitality Net

WASHINGTON – U.S. Travel Association Executive Vice President of Public Affairs and Policy Tori Emerson Barnes issued the following statement on reports that congressional and administration leaders are suspending negotiations on the next phase of pandemic-related legislative relief: “It is […]


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 […]


Travel

63% Of U.S. Consumers Are Willing To Pay More To Have Seats Blocked

August 10, 2020

Via: Hospitality Net

Consumer spending continues to be affected by the coronavirus, and many Americans have canceled or postponed upcoming travel plans. Major airlines have incurred the brunt of the impact, with many receiving bailouts from the government. But one thing that could […]


Technology

Electronic quarantine tags another necessary evil that will discourage travel plans, says GlobalData

August 7, 2020

Via: Hospitality Net

The electronic quarantine tag recently introduced in Singapore has the potential to rattle the number of international departures from the country, which reached 16.8 million in 2019, as it is yet another aspect that will elevate consumer angst and postpone […]


Technology

5 Reasons Why Now is the Right Time for Hotels to Switch to a More Modern and Affordable S&C System

August 7, 2020

Via: Hospitality Net

If great technology can act as a catalyst to the success of a business, it should come as no surprise that mediocre technology can have a detrimental impact on your overall technology strategy. This critical balance is aptly realized across […]


Travel

Cambria Hotels Launches New Podcast Series To Inspire Modern Travelers

August 6, 2020

Via: Hospitality Net

ROCKVILLE, Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), announced today the launch of their first-ever podcast series, “Travel Inspired With Cambria Hotels.” The original series, hosted by Janis Cannon, senior vice president, upscale brands, […]


News

Rural Airbnb bookings are surging as vacationers look to escape the coronavirus

August 6, 2020

Via: CNBC

2020 has not gone according to plan for Airbnb. The tech company came into the year preparing for a highly anticipated IPO, but then the coronavirus pandemic changed everything. As the pandemic devastated the global travel industry, Airbnb laid off […]