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    Heat cools Thomas Cook 

    Thomas Cook saw its shares fall by 25% after reporting “clearly disappointing” trading over the hot summer. The comments came as US investment firm Capital Group Companies disclosed a 5.2% stake in the company Shares in On the Beach fell by 6% and TUI by 3% following the announcement. Thomas Cook said that full-year profits [...]

    Hilton’s wisdom of the staff 

    Hilton has added a new feature to its Honors app, which will add local recommendations through a partnership with Foursquare. The move was the latest from the global hotel operators as they look to compete with the services offered by Airbnb. Hilton said that the Explore feature would be available in 28 markets covering nearly [...]

    Dusit’s luxury rental move

    Dusit Thani has continued to pursue its strategy of diversification with the USD15m acquisition of villa company Elite Havens. The group said that the deal would allow it to move deeper into the luxury segment, with plans to expand in Asia. Elite Havens has a network of more than 200 fully staffed properties across Indonesia, [...]

    Consortia merger as scale pressure grows

    Great National Hotels & Resorts is to merge with Classic British Hotels to create “one of the largest independent hotel services’ companies in Europe”. The deal came as Mr & Mrs Smith had raised close to GBP4m in crowdfunding as it looked to pursue further global expansion. The merger, for an undisclosed sum, takes the [...]

    Operators act on staff safety 

    Hilton Worldwide, Hyatt Hotels Corporation, InterContinental Hotels Group, Marriott International and Wyndham announced that they would provide hotel employees across the US with employee safety devices by 2020. The announcement was part of a wider push to improve safety, including preventing and responding to sexual harassment and assault. The move followed lengthy campaigning by unions [...]

    Aussies turn meta upside down 

    Australia’s competition authority has launched legal proceedings against Trivago, claiming it misled customers. As Trivago said that it would “vigorously” defend itself, the ACCC said that it was concerned about other meta-search sites. The ACCC alleged that from at least December 2013, Trivago ran TV advertisements presenting its website as an impartial and objective price [...]

    Image of sector must change to attract staff 

    The Hospitality Workforce Commission 2030 has called for the government to support a cross-industry campaign to tackle negative perceptions of a career in the sector. The recommendation came as UKHospitality warned that any future immigration policy in the UK favouring highly-skilled migrants above low-skilled labour would undermine the hospitality sector. Kate Nicholls, CEO, UKHospitality, told [...]

    Marriott moves residential away from luxury

    Marriott International said that its branded residential portfolio was expected to grow by more than 70% in four years. The announcement came as branded residential developments were starting to move away from their luxury-only roots to include the four star and potentially three-star market. Marriott International said that with nearly 90 branded residential projects already [...]

    Fosun files for IPO

    Fosun International has filed for an IPO for its tourism and hotels unit in Hong Kong, with speculation suggesting that the group would look to raise up to USD700m. The company said it wanted to expand its network in China and globally, as well as enlarging its customer base and Foliday family holidays platform. The [...]

    IHG pursues patent

    IHG has been reached patent approval in the US for a new hotel room design in Crowne Plaza properties. The move followed an application earlier this year by Disney for an immersive multimedia room, intended to encourage guests to spend more time in their rooms, as operators fight back against the commoditisation of their products. [...]

    Hesperia snag at NH 

    Minor International’s takeover of NH Hotel Group is thought to be facing a challenge after 8.1% shareholder Hesperia was reported to have appointed JP Morgan to look at options for its stake. Hesperia had previously been linked to Hyatt Hotels Corporation, which announced last month that a takeover had become “impractical”. It is thought that [...]

    Airbnb’s work experience

    Airbnb has extended its Airbnb for Business offering to include experiences, such as team-building activities. The platform said that the expanded service would allow it to reach employees which did not travel for work. The company said: “We know there are a number of unique ways Airbnb can help companies and professionals keep up with [...]