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Travel and Tourism DECODED

Latest edition: 10 May 2024
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Spotlight

Marriott strengthens Canadian presence with leisure travel focus

Marriott is capitalising on the growing demand for unique experiences by expanding its portfolio of lifestyle brands in the country.

Latest news

Short-term rental sector boosts AI usage as hotels lag behind

Hostaway has surveyed 500 property managers and owners, revealing critical data on the integration of AI technologies in their operations.

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.

IHCL and CG Hospitality extend alliance for India expansion

Indian Hotels Company (IHCL) has teamed up with CG Hospitality, aiming to expand its portfolio to 25 hotels in India by 2025.

KKR andAmante Capital acquire 132-key London hotel

US-based investment company KKR and Amante Capital, a hotel real estate investor, have acquired the Park Grand London Kensington Hotel from Bartek Holdings.

IIHM and Mayfair Hotels & Resorts sign memorandum of understanding

The International Institute of Hotel Management (IIHM) and Mayfair Hotels and Resorts have signed a memorandum of understanding (MoU) at IIHM's upcoming campus in Siliguri, West Bengal, India.

EU approval of aid granted to Condor annulled after Ryanair court case

The court found that the European Commission had not followed certain requirements needed for the approval of the aid in 2021.

Poll finds majority of British public supports rail nationalisation

More than half of British people support the nationalisation of rail services in the UK according to a new poll surveying people’s responses to the Labour Party’s plan for the country’s rail network.