This share repurchase, which will amount to ?275m, is part of the ?400m share buyback program of Accor for 2024. The remaining amount of the share buyback program will be executed in the near future.
Scandic has signed a long-term lease agreement with property developer SRV for a new 144-room Scandic Go in Oulu, Finland. The hotel will be centrally located in northern Finland's largest city and is expected to open during the second half of 2025.
Lindian Village Beach Resort Rhodes is the first Curio Collection by Hilton property in Rhodes. Situated near the charming town of Lindos, with its iconic Acropolis, close to numerous historic sites and just 40 miles from the airport, the resort is a gateway to exploring the rich landscapes and cultural treasures of Rhodes.
Overlooking the sea and green hills, this 5-star hotel is a paradise for wine enthusiasts, foodies and nature lovers.
The hotel is within a short walk of all major attractions in Liverpool city centre including Liverpool One and The Royal Albert Dock along with a wide range of bars and restaurants.
Mandarin Oriental, Costa Navarino, the first Mandarin Oriental in Greece, announced the reopening of the resort from 1 April.
The decision, effective from March 15, 2024, was made by Euronext Paris's Expert Indices Committee following the quarterly review of the CAC 40 index.
Despite global crises, the industry displayed confidence at ITB Berlin 2024 - people's desire to travel appears unabated. The most important topics were the growing importance of AI, the shortage of skilled labour and climate justice.
Tour operator Dertour with a new presence and high growth rates - Increasing demand for travel to the Middle East.
How artificial intelligence is bringing changes to searches and reservations
Writing for Propel, UKHospitality Chief Executive Kate Nicholls shared her reflections on an underwhelming Budget.
To ensure you're able to strategize and build the best distribution mix for your property, it's a good idea to keep up to date with the latest news and opportunities. Here, we share some of the major OTA trends from 2023 that we expect to impact the distribution landscape into 2024.
US ambassador Gutmann aiming for 2.5 million by 2028 - high priority for sustainability - Cities focus on the US lifestyle.
The changes proposed by Alphabet to Google Search should ensure a level playing field among all market participants and offer the best options to consumers. Concretely, it should not lead to situations where the economic power of large online intermediaries is further entrenched and where consumers are not presented with a variety of choices.
The European hotel industry has been long warning of unfair business practices of the largest Online Travel Agent (OTA) and calls for more fairness and transparency in the online accommodation market. We hope that the European Commission will designate the company as a gatekeeper as soon as possible.
Schubert Lou, COO of Trip.com, spoke at the ITB Convention about the new priorities of Asian tourists and the opportunities that artificial intelligence offers to the travel industry.
Meliá Hotels International announces the opening of its first hotel on the island of Sardinia. Located on the beachfront of the Sassari coast in the north of the island, the Bellevue Sardinia Resort Affiliated by Meliá will start operating under the Meliá umbrella before next summer.
In the future travel planning will be supported by personalised travel agents and multimodal online platforms. Examples of this were presented by Dr. Stefan Ebener of Google Germany at the ITB Berlin
UKHospitality responds to the Budget
Today, the European Commission launches the 2025 edition of the European Capital of Smart Tourism and the European Green Pioneer of Smart Tourism competitions. Tourism destinations across Europe are invited to submit their innovative practices of smart and sustainable tourism to become leading examples in European tourism.
ITB Innovation Radar grows stronger in 2024, gaining prominence as the show's spotlight for the visionaries of the industry. This year's selection features 16 entries.
Jeremy Sampson, CEO of the Travel Foundation calls upon the industry to make more consistent course corrections.
In a world where corporate greed and profiteering have been cited as two of the primary drivers behind the ongoing cost-of-living crisis that’s increasing financial hardship across Europe, the idea that businesses could exist for any reason other than profit seems hard to fathom. However, there’s a school of thought, called the triple bottom line (TBL), which suggests that businesses should be just as committed to improving the lives of people and the planet as they are to boosting their profits.
Panel discussion entitled 'Green transformation in the hotel industry' at ITB Berlin provided insights on a scientific pilot project. Later Industry representatives discussed resource conservation
The latest U.K. budget provides little good news to hoteliers, who hoped for an overhaul of business rates and other benefits, but it did restrict tax breaks for second-home owners who are listing properties on short-term rental platforms such as Airbnb.