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New funding values Airbnb at US$30 billion

Airbnb is in talks for a new round of funding that would value the company at US$30 billion, according to… Read More »New funding values Airbnb at US$30 billion

Lotte IPO ‘to be shelved’

Lotte Group indicated it will shelve what may have been a US$4.5 billion initial public offering, the world’s biggest so… Read More »Lotte IPO ‘to be shelved’

Notre Dame of Paris: Stryge and demon, most famous of all Chimeras, overlooking the skyline of Paris at a summer day (composition)

Paris tourism reeling

Already suffering from the impact of last year’s jihadist attacks, tourism in Paris faces a fresh challenge from the recent… Read More »Paris tourism reeling

Blackstone ‘plans to sell off DoubleTree hotels’

Blackstone Group, the world’s biggest private-equity property investor, plans to sell hotel buildings in London, Dublin and Amsterdam for about… Read More »Blackstone ‘plans to sell off DoubleTree hotels’

W Hotels debuts Sound Suite in Bali

W Hotels Worldwide debuts the W Sound Suite at W Bali – Seminyak. The company says the private music studio and writer’s… Read More »W Hotels debuts Sound Suite in Bali

World’s largest cruise ship sets sail

Tens of thousands of people turned out in France on Sunday to see off the world’s biggest-ever cruise ship, the… Read More »World’s largest cruise ship sets sail

Tian Tan Buddha (Hong Kong, Lantau Island)

HK hotel staff fear for their jobs

About a third of Hong Kong hotel staff fear they may lose their jobs and about 6 percent feel certain… Read More »HK hotel staff fear for their jobs

Peninsula HK feels the strain

The Hong Kong and Shanghai Hotels, operator of the landmark Peninsula Hotel Group, failed to improve its performance in the… Read More »Peninsula HK feels the strain

Carlson Rezidor gets sporty

Carlson Rezidor rolls out its Sports Approved Hotel programme across its Radisson, Park Inn by Radisson and Country Inns & Suites… Read More »Carlson Rezidor gets sporty

M&C cautions over revenue falls

Millennium & Copthorne Hotels cautioned on an uncertain trading environment as hotel revenue fell due to lower occupancy and room… Read More »M&C cautions over revenue falls

TripAdvisor revenue falls

TripAdvisor’s quarterly revenue fell 3 percent, missing analyst estimates, as a rise in hotel bookings on its websites hurt revenue… Read More »TripAdvisor revenue falls

First US cruise ship docks in Havana

The first US cruise ship to travel to Cuba in half a century docked in Havana on Monday, marking a… Read More »First US cruise ship docks in Havana

Sands China results disappoint

Sands China’s shares dropped as much as 4.9 percent on Thursday after the Macau casino operator posted lower-than-expected first-quarter earnings.… Read More »Sands China results disappoint

Visitors to Asia Pacific set to grow 4.6pc

International visitor demand into the Asia Pacific region is forecast to grow at an average rate of 4.6 percent each… Read More »Visitors to Asia Pacific set to grow 4.6pc

Accor’s Planet 21 initiative a success

AccorHotels has unveiled the results of Planet 21, its sustainable development programme, and renews its commitments looking to 2020. “The… Read More »Accor’s Planet 21 initiative a success

Rezidor opens its first Radisson RED hotel in Brussels.

Hotels are getting more aggressive in their fight to get travellers to book reservations directly with them instead of through… Read More »Rezidor opens its first Radisson RED hotel in Brussels.

Tribute Portfolio embraces musical pop-ups

Tribute Portfolio, part of Starwood Hotels & Resorts Worldwide, announces a new way for consumers to “Stay Independent” through a… Read More »Tribute Portfolio embraces musical pop-ups