Hospitality Industry News
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Airbnb value set to soar to US$25.5 billion

Online accommodations hub Airbnb has arranged to raise US$1.5 billion, sending its value up to US$25.5 billion, a source close to the deal told Agence France-Presse. A group of American and Chinese investment funds were involved in the discussions, which are aimed at expanding Airbnb’s offerings in Asia, according to the source, who asked not [...]

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Outrigger partners with Blue Note

Outrigger Resorts partners with Blue Note Entertainment Group, which has music clubs in New York, Washington D.C., Milan and Japan, to bring world-class music performances to Hawaii. Located in the former Society of Seven showroom inside Outrigger Waikiki Beach Resort, Blue Note Hawaii will feature a wide range of musical entertainment – from local talent [...]

Chinese travellers’ booking habits

When it comes to obtaining advice related to travel, mainland Chinese still prefer to seek first-hand information from someone they know over other third-party sources. In a recent GfK study carried out among Chinese travellers, more than half of the respondents (52%) said they rely on their personal contacts such as friends, family and colleagues [...]

Former Trump Plaza casino to stay shut for 10 years

The owners of Atlantic City’s former TrumpPlaza casino plan to keep it shut for at least 10 years as a tax-saving measure. Trump Entertainment Resorts has filed a deed restriction for the casino, which closed last September, preventing it from being used again as a casino for at least a decade. It could still be used for another [...]

Hilton Worldwide’s Q2 results released on July 29

Hilton Worldwide Holdings will report second quarter financial results prior to the stock market open on Wednesday, July 29, 2015, followed by a conference call at 1000am Eastern Time. Christopher J. Nassetta, Hilton Worldwide’s president and chief executive officer, and Kevin Jacobs, Hilton Worldwide’s executive vice president and chief financial officer, will discuss the company’s [...]

Hyatt to release Q2 results on August 14

Hyatt Hotels will release second quarter 2015 financial results on Tuesday, August 4, before the stock market opens, followed by a conference call at 10.00am CT. All interested persons may listen to a simultaneous webcast of the conference call, which may be accessed through the company’s website at www.hyatt.com and selecting the Investor Relations link.

Wyndham opens 13th property in Colombia

The 91-room Wyndham Garden Barranquilla opens, bringing the company’s portfolio in Colombia to 13. Currently, Wyndham Hotel Group has a total of 141 hotels throughout Latin America and the Caribbean which represent more than 16,500 rooms under its Super 8, Wyndham Hotels and Resorts, Ramada, Ramada Encore, Days Inn, Wingate by Wyndham, Microtel Inn & [...]