Marriott International has reaffirmed its plan to acquire Starwood Hotels & Resorts Worldwide despite a last minute improved offer by a group of investors. A group, led by China-based Anbang Insurance Group, made an unsolicited buyout offer of $76 per share, valued at nearly $13 billion for the Starwood business. Marriott’s commitment to complete the […]
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Abu Dhabi has started to implement the expansion concept with new infrastructure and projects that will further enhance tourism. This investment is costing over $10 billion and the time frame given is until 2030. Abu Dhabi will introduce new theme parks, cultural sites, retail experiences and hotels. The emirate will increase hotel room availability, enhance […]
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A stake in the specialized tour operator Simpson Travel, which specializes in holidays in Mediterranean destinations, including Greece, was acquired by the private equity firm Risk Capital Partners, owned by businessman Luke Johnson. In particular, the tour operator offers holidays in boutique hotels, luxury villas and apartments in Corsica, France, Greece, Italy, Mallorca and Turkey. […]
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At Parklane, a Luxury Collection Resort & Spa, in Limassol, Cyprus, managed by Marriott, the Scott Dunn Explorers Kids Club, one of the largest kids’ clubs in Europe, will be open from 18 March. The Scott Dunn Explorers Kids Club is spread over an area of 3,000 square metres and in its facilities, the young […]
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The Tsiledakis Hotel Group, synonymous with authenticity in the hospitality sector in Crete since 1985, announces two very important additions to its leadership team, which reinforce the group’s strategic vision for sustainable growth and innovation. Mr. Carlos Malliaroudakis takes over the Development & Management of HOTEL LEADING, the Group’s new, innovative hotel management company, as […]
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The dynamic course recorded by the major hotel groups in 2023 is expected to continue this year, with the number of new hotel openings and rooms under operation reaching new record levels and “protagonists” Hilton, Marriott, Accor and Hyatt. – Hilton: 132 openings in the fourth quarter of 2023 During the fourth quarter of 2023, […]
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-Hotel Grande Bretagne launches the official celebrations for its 150th anniversary with a fascinating panorama of its history. -Daily screenings at the hotel’s Grand Ballroom, from 11 to 18 February Hotel Grande Bretagne, a Luxury Collection Hotel, kicks off the Always Grand celebrations for its 150th anniversary with a unique audiovisual experience, inviting viewers on […]
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W Costa Navarino announces an exciting lineup of season programming where guests will experience the verdant beauty of the Messinian region through the iconic lens of W. On April 5th, the first W Escape in Greece, located in Costa Navarino, the sustainably driven destination in southwest Peloponnese, will kick off its first full season with […]
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The number of hotel owners using third-party operators to run their properties looks set to increase across Europe, reflecting the desire for flexibility as well as a number of other benefits, according to our latest report, The Rise of Third-Party Hotel Operators in Europe. The trend for third-party operators (TPOs) has emerged from the USA, […]
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In 2022 TUI put the Covid crisis of recent years behind it. Last year‘s positive development brings momentum for the future – even in times of geopolitical and macroeconomic challenges. Today the Group is leaner and more efficient than ever. Sebastian Ebel, Chief Executive Officer since October 2022, tells where the company is now placing […]
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