Market Snapshot
Friday, Sep 11Antitrust Veto ·The EU General Court blocked Booking Holdings' €1.63 billion acquisition of ETraveli Group to prevent dominant control over online hotel distribution.
↓Revenue Surge ·U.S. hotels drove RevPAR up 16.1% to mark a 21st consecutive week of year-over-year gains, aided by the Labor Day calendar shift.
↑Public Listing ·OYO parent PRISM filed for a $700 million IPO, targeting $525 million from the proceeds to pay down corporate debt.
👁Australia Expansion ·IHG Hotels & Resorts partnered with ALAND to debut Staybridge Suites in Australia through a 15-hotel, 2,000-room development agreement.
↑Our reporting
written from multiple sources
India Foreign Tourism Stalls Below 9 Million Arrivals
High flight costs, overseas conflicts, and marketing shortfalls hold India's inbound tourism below pre-pandemic levels.
Written from 1 sources
Marriott Launches India Training Initiative for 500 Youth
Marriott International partners with THSC and The Job Plus to train 500 youth from vulnerable communities for hotel careers.
Written from 1 sources
AHLA Survey: 70% of Americans Prioritize Summer Travel
American Hotel & Lodging Association data reveals durable summer demand as cost-conscious travelers adapt their trip habits.
Written from 1 sources
Midtown Manhattan Repositioning: Inside Two Reopenings
Midtown Manhattan properties are repositioning around residential layouts and distinct identities, as shown by The London and The Chambers Hotel.
Written from 2 sources
UK Tourist Tax Threatens £2bn GDP and 30,000 Jobs
Hotel leaders sound the alarm as mayoral overnight accommodation levies collide with mounting insolvencies across England.
Written from 1 sources
Static Smart Thermostats Cost Hotels Millions as Grid Rates Soar
Fixed setback schedules in guestrooms fail to counter extreme utility demand spikes, leaving hotels exposed to rising energy costs.
Written from 1 sources
The wire
11 stories todayEverything else worth knowing, summarised and linked to the original.
EU Court Blocks Booking's €1.63B ETraveli Deal
The EU General Court upheld the European Commission's veto of Booking Holdings' €1.63 billion acquisition of flight book…
technology
shorttermrentalz.com
·
Google Revamps European Hotel Search Under EU Pressure
Google has redesigned its hotel search interface across Europe to comply with EU antitrust regulations, introducing dedi…
marketing
Skift
·
U.S. Hotel RevPAR Surges 16% in 21st Week of Growth
The U.S. hotel industry marked its 21st consecutive week of year-over-year gains, driven by a 16.1% RevPAR increase aide…
finance
Lodging Magazine
·
AI Referrals Surge 194% as Hotel Discovery Evolves
Conversational AI is transforming travel inspiration by providing hyper-curated recommendations instead of traditional s…
technology
Lodging Magazine
·
England Advances Plans for Uncapped Hotel Tourist Tax
The UK government is preparing legislation granting regional mayors the power to levy an uncapped tax on hotel and short…
finance
Boutique Hotel News
·
IHG Signs 15-Hotel Deal to Debut Staybridge in Australia
IHG Hotels & Resorts has partnered with developer ALAND to introduce Staybridge Suites to Australia via a 15-hotel, 2,00…
finance
eHotelier
·
Show 5 more stories
Marriott Expands Corporate Distribution with Spotnana
Marriott International has integrated its central reservation system directly with Spotnana to streamline booking and lo…
technology
Hotel Dive
·
OYO Parent PRISM Targets $700M IPO to Clear Debt
OYO parent company PRISM plans to launch a $700 million IPO this fiscal year, using approximately $525 million of the fr…
finance
asianhospitality.com
·
Middle East Tourism Recovery Stalls as Index Drops to 94
The Skift Travel Health Index for the Middle East and Africa plunged from full recovery in June to 94 in July amid renew…
finance
Skift
·
Static Smart Thermostats Cost Hotels Millions in Surging Energy Costs
Outdated, static smart thermostat schedules fail to protect hotels from volatile utility rates and peak demand charges d…
sustainability
Lodging Magazine
·
Accor CEO: Data Must Nourish Instinct, Not Replace It
Accor CEO Sébastien Bazin outlines his leadership philosophy ahead of Skift Global Forum, arguing that while data and AI…
operations
Skift
·
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