Booking Holdings’ CEO, Glenn Fogel, recently shared the company’s financial results for the second quarter of 2024, highlighting several positive data points. Despite facing a significant fine from a regulator in Spain, the company reported total revenue of $5.9 billion, reflecting a 7% increase year over year. Additionally, gross travel bookings rose to $41.4 billion,
Hotels
Allegiant Travel Co.’s Sunseeker Resort Charlotte Harbor in Florida is currently experiencing significant financial challenges. The resort is expected to incur a cash loss of around $15 million this year. The total operating revenues for the property were $16.8 million in the second quarter, with an occupancy rate of only 35% and an average daily
TMC Hospitality, a subsidiary of the TMC Group, has been making waves in the boutique hotel industry since its inception in 2016. Focused on creating unique and engaging experiences for guests, the company introduced the Bode concept in 2018, followed by the launch of the Drift lifestyle brand in 2021. These two brands cater to
After completing its bankruptcy proceedings, Hornblower Group has announced the appointment of Mike Flaskey as its new CEO. Flaskey, who previously served as the CEO of Diamond Resorts, brings with him a wealth of experience in the hotel industry, having held leadership roles in companies such as Wyndham Vacation Resorts and Starwood Hotels & Resorts.
Christina Korp has had a remarkable journey, transitioning from a career in music to managing iconic figures like Buzz Aldrin, the legendary astronaut who walked on the moon. Her unconventional path from working with rock stars to collaborating with astronauts has been both surprising and rewarding. Korp’s ability to adapt and pivot in her career
Virgin Hotels is set to make a splash in London with the opening of Virgin Hotels London-Shoreditch on August 1st. This new addition will bring a fresh perspective to the hospitality scene in Shoreditch, offering a unique and innovative experience for guests. The Virgin Hotels London-Shoreditch will be taking over the Mondrian Shoreditch London, with
The trend of travelers seeking out alternative destinations that offer similar experiences to overcrowded and expensive tourist hot spots has become popular in the travel industry. Referred to as “dupes,” these destinations have gained momentum, particularly in the wake of the post-pandemic travel surge. It seems that travelers are eager to explore new and creative
Viva Resorts by Wyndham is revolutionizing the way travel advisors earn rewards with the introduction of their Viva Pro Rewards program. This program offers a variety of options for advisors to cash in their commissions, including cash, Amazon gift cards, or all-inclusive stays at any Viva Resort by Wyndham. What sets this program apart is
The surge in anti-tourism sentiment in popular destinations like Barcelona and Maui has fueled a new wave of legislation aimed at targeting short-term vacation rentals. While crackdowns on short-term rentals are not a new phenomenon, they seem to be gaining momentum. According to Daniel Guttentag, an associate professor at the College of Charleston, cities are
The Four Seasons Hotel Osaka has recently debuted in the one Dojima high-rise, situated in Osaka’s Dojima neighborhood. One of the standout features of this luxurious hotel is the Gensui floor on the 28th level, providing guests with a unique and modern take on a traditional ryokan experience. The Gensui accommodations boast a blend of
The Hawaii Tourism Authority (HTA) recently released data showing a decrease in hotel occupancy and room rates across Hawaii in June. The statewide occupancy rate was 75.5%, down 1.2 percentage points from the previous year. Additionally, the average daily rate (ADR) fell by 3.7% year over year to $373. This decline resulted in a total
Marriott International’s CEO, Anthony Capuano, highlighted the significance of groups in the hotel company’s business during the second-quarter earnings call. He mentioned that groups accounted for 24% of the company’s worldwide room nights for the quarter, with revenue per available room (RevPAR) for groups experiencing a 10% increase from the previous year. This demonstrates the
Beaches Resorts International has exciting plans to bring their family-oriented brand to the Bahamas by transforming the Sandals Emerald Bay into the Beaches Exuma. This announcement signifies a new chapter for the oceanfront resort and promises a fresh look and feel for guests. After the closure of Sandals Emerald Bay on Aug. 15, renovations are
Universal Studios has announced the creation of a highly anticipated Harry Potter-themed section at Epic Universe. This groundbreaking addition promises to include the most ambitious ride that Universal has ever created – “Harry Potter and the Battle at the Ministry.” Set in the magical world of Harry Potter, guests will embark on a journey through
The presence of dogs in hotels has become a heartwarming trend in the hospitality industry. It is not only beneficial for the guests who get to interact with these furry companions but also adds a unique touch to the overall hotel experience. Christina Jelski, alongside Joel Morales and Rauni Kew, sheds light on the logistics
The recent update to the U.S. State Department’s travel advisory for Jamaica maintains the destination’s Level 3 advisory status. While noting that tourist areas generally experience lower rates of violent crime compared to other parts of the country, the advisory points out that sexual assaults, including those involving U.S. citizen tourists at resorts, are regularly
As I found myself lying on the sleek, navy-blue massage table at Aescape’s headquarters in New York, I couldn’t help but feel a mix of excitement and trepidation. This tech company’s debut innovation is no ordinary piece of spa equipment. It boasts two state-of-the-art robotic massage arms that hover just above the shoulders of the
Future Found Sanctuary, a renowned five-star retreat nestled on the picturesque slopes of Cape Town, South Africa’s iconic Table Mountain, has recently unveiled an array of wellness packages curated to offer guests a transformative and rejuvenating experience. Spearheaded by Steve Uria, the wellness director of Newmark Hotels & Reserves, these innovative offerings are set to