Oyo on the Defense After Reporting $335 Million in Losses and 14 Other Top Hospitality Stories This Week

skift.com - Hotels · 23 Feb

This week in hospitality news, hundreds of millions in losses, disgruntled partners, and unsatisfied guests: Oyo has gone from startup darling to som

Oyo's Annual Losses Ballooned to $335 Million in 2019

skift.com - Hotels · 17 Feb

Oyo appears to be taking its once-explosive global expansion strategy down by a few notches, and that could be a good thing for the young company in

MGM Resorts to Sell Las Vegas Strip Properties MGM Grand, Mandalay Bay

skift.com - Hotels · 14 Jan

MGM Resorts has agreed to sell two of its most notable Las Vegas properties, MGM Grand and Mandalay Bay, to a joint venture including real estate gia

MGM Resorts Enters Deal With Private Equity Giant Blackstone Over Las Vegas Properties

skift.com - Hotels · 14 Jan

MGM Resorts has agreed to sell two of its most notable Las Vegas properties, MGM Grand and Mandalay Bay, to a joint venture including real estate gia

Marriott's Mission: Make W Hotels Cool Again

skift.com - Hotels · 25 Nov

W Hotels were once the hottest hangouts in town but two decades after its creation, it has been overshadowed by its younger competitors. Marriott inh

MGM on Hunt for Investor to Join Las Vegas Property Venture

skift.com - Hotels · 12 Nov

Like other hospitality companies, MGM is pivoting towards an asset-light model and has spent the last year or so preparing for an economic downturn.

Hotel Companies Are Feeling the Pinch From Political Tensions in China

skift.com - Hotels · 8 Nov

The political tensions in Hong Kong and China are having implications for the hospitality industry all over the world. There is no clear end in sight

The Historic Ritz London Could Sell for $1 Billion

skift.com - Hotels · 2 Nov

London's super-prime hotels don't go on the market very often. The Ritz London could be the next one as its owners hire a team to pursue a deal. Only

Marriott Sells St. Regis New York to Qatar for $310 Million

skift.com - Hotels · 1 Nov

Yet another trophy asset for the Qatar Investment Authority, which is making good its plans to take direct stakes in companies and assets in North Am

Trump Org Looks at Selling Landmark Washington Hotel

skift.com - Hotels · 26 Oct

Could this be a tacit acknowledgement by the president's company that the boss may be not re-elected? Get out now before scandals grow and revenues s

Why Independent Hotels Will Continue to Rise

skift.com - Hotels · 22 Oct

Independent hotels are well-positioned to capitalize on a growing consumer appetite for experiential destinations and one-of-a-kind moments. Enduring

Peninsula Parent's Thailand Dispute Shows Perils of Owner-Chain Relations

skift.com - Hotels · 21 Oct

This is a high-profile case that pits a powerful Thai family against a reputable global luxury hotel brand. It also spotlights the reality this won't

Resort Fees Come Under Fire in DC and 6 Other Top Hospitality Stories This Week

skift.com - Hotels · 5 Oct

This week in hospitality, new proposed legislation could change the way resort fees are displayed. Then we take a look at Six Senses' green plan to b

MGM Likely to Sell Circus Circus and Other Las Vegas Resorts

skift.com - Hotels · 20 Sep

Circus Circus, probably worth at least $1 billion, would be easy to carve out. MGM Resorts has never included the popular Las Vegas resort in its loy

Anbang Sells Its U.S. Luxury Hotels to South Korea's Mirae for $5.8 Billion

skift.com - Hotels · 11 Sep

Anbang bought the U.S. trophy hotels for $5.5 billion in 2016 and now offloads it to Mirae for a little moseems a good price for the South Korean fir

Cox & Kings Contemplates Sale of Meininger Hotels

skift.com - Hotels · 2 Sep

Given Cox & Kings' well-publicized financial struggles, offloading the Meininger hybrid hotel/hostel chain makes sense. There will likely be plenty o

Hong Kong's SHKP Hotels Stands to Lose the Most From Protests
Hong Kong's SHKP Hotels Stands to Lose the Most From Protests

skift.com - Hotels · 27 Aug

Sun Hung Kai Properties has a vast hotel portfolio under SHKP Hotels, which owns the Four Seasons, Ritz-Carlton, W, Novotel Citigate, Crowne Plaza an

Marriott Plays Catch-Up on All-Inclusives as Rivals Push Into Resorts

skift.com - Hotels · 26 Aug

After years of standing on the sidelines, the world's largest hotel chain has committed to growing its all-inclusive portfolio organically. Keep an e

Nobu Now Sees Lodging as Its 'Speedboat

skift.com - Hotels · 19 Aug

With 18 hotels signed, opened, or under construction, Nobu Hotels is growing its hotel portfolio rapidly. But the chain is focused only on major glob

Hospitality Brands Go All-In on the Sleep Movement

skift.com - Hotels · 15 Aug

As our Skift Megatrend 2019 forecasted, wellness is the new hook in travel marketing, and it's been gaining speed. The rise of wellness culture has m

IHG CEO Draws Line Under Latest Brand Growth Strategy

skift.com - Hotels · 6 Aug

CEOs don't like ruling things out entirely but it sounds like Keith Barr is happy with his brand portfolio ... for now at least.

Hilton Being Held Back by China Trade Tussle

skift.com - Hotels · 24 Jul

Luckily, Hilton has built a strong business model that should see it through any tough times.

Marriott Resort Fee Lawsuit Puts New Target on Long-Held Hotel Industry Practice

skift.com - Hotels · 15 Jul

Do not think that this lawsuit only matters to Marriott. Competitors are keeping a close eye on the case, knowing they could be next. The industry ha

Marriott Is Sued by D.C. as Hotel Resort Fees Come Under Renewed Fire

skift.com - Hotels · 9 Jul

Resort fees are embedded into many hotels' business models so it would take a lot to upend them. But the prospect is picking up a lot of momentum.

Marriott Handed $124 Million Fine Over Starwood Data Breach

skift.com - Hotels · 9 Jul

The headline fine amount might seem pretty substantial, but as with the British Airways case, it's only an intention at this stage. Both companies wi

Regent Wants to Reclaim Its Crown Under IHG

skift.com - Hotels · 9 Jul

With new hotel brands popping up every day, it can be a challenge to establish name recognition among consumers. That's one challenge InterContinenta