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Travel and Tourism DECODED

Latest edition: 14 May 2024
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Spotlight

Aresacquires Landsec's hotel portfolio in £400m deal

Real estate funds managed by Ares Management (Ares), in association with operating partner EQ Group, has purchased Landsec's hotel portfolio for £400m ($499.31m) in cash.

Latest news

IHG expands Vietnamese portfolio with two new brands

IHG anticipates welcoming 18 million international visitors to Vietnam in 2024, driven by rising travel demand from neighbouring Asian countries.

Mews introduces new funding programme for hospitality businesses

The Flexible Financing programme offers transparent and capped rates while eliminating late fees.

Hotel giants' ever-growing brands - why so many, and how are they managed?

By offering a range of brands for varying budgets and travel styles, hotels can capture a wider swathe of the market.

Walt Disney World Swan & Dolphin Resort in Florida US agrees to refinance

Wells Fargo, Bank of America and Goldman Sachs provided financing for the 2,619-key resort in Lake Buena Vista.

Marriott selects Agilysys' InfoGenesis POS for US and Canada

InfoGenesis consolidates various transactional processes on a single, cloud platform, offering a unified purchasing experience.

Lufthansa CEO laments annoyance with Boeing delays

Lufthansa CEO Carsten Spohr described the Boeing situation as "annoying".

Cairo Metro opens final expansion of Line 3's third phase

The Egyptian Ministry of Transportation has begun trial operations of the Cairo metro network's latest expansion, with the first passengers travelling on the new section of Line 3.