Issue 2569 - 9 November, 2020

    GuestReady attracts funds

    Rental manager GuestReady has beaten its latest EUR1.5m fundraising in just 24 hours, via crowdfunding site Seedrs. The company manages 2,500 properties in the UK, France, Portugal and UAE. Backers Impulse VC and Senn & Partners will participate in the latest round, to fund further growth. Having seen revenues drop by 80% earlier in the [...]

    Timeless Peninsula

    Peninsula Hotels has launched a flexible booking scheme called Peninsula Time. From January 2021, guests will be able to check in from 6am, or check out up to 10pm, at no extra charge. Hongkong and Shanghai Hotels says the service is part of a new package including easier booking of connecting rooms for families, and [...]

    China lifts Marriott

    Net third quarter income was USD100m at Marriott, which reported revpar down 65.9%. Greater China properties led the rebound, with 61% occupancy for the quarter. Net rooms growth was 3.8%, as the group added more than 19,000 rooms. Marriott finished the quarter with USD5.1bn of liquidity. Read the full story here: https://news.marriott.com/news/2020/11/06/marriott-international-reports-third-quarter-2020-results

    Spanish data breach

    Spanish group Prestige Software, which provides services as Cloud Hospitality, has been accused of potentially compromising data from millions of hotel guests. Investigators at Website Planet say transactions via Amadeus, Booking.com, Expedia, Hotels.com and Sabre could all have seen guest data lost. The investigation believes data including credit card details has been inadequately secured on [...]