The former Starbucks CEO first worked at a ski lodge. His next moves were both serendipitous and strategic.
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Most interesting
Red Roof Launches New Hometowne Studios Prototype
Red Roof, the leader in economy lodging, unveiled a new prototype for its groundbreaking HomeTowne Studios by Red Roof brand at the 2021 AAHOACON conference of hotel franchisees.
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Choice performs close to 2019 levels in second quarter
Choice Hotels International Inc., for the second quarter ended June 30, reported net income increased 15% to $85.9 million vs. second-quarter 2019…
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Hyatt boosted by demand increase in second quarter
Hyatt Hotels Corporation, for the second quarter ended June 30, reported a net loss of $9 million, or $0.08 per diluted share, compared to net loss of $236 million, or $2.33 per diluted share, in the second quarter of 2020…
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Raffles announces global expansion plans
Raffles Hotels and Resorts has announced a raft of new openings for 2021 and beyond. Accor’s luxury hotel brand is on track to more than double its portfolio, with openings this year in Dubai, Bahrain, Udaipur and Macau, followed by Doha and Jeddah…
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In $17 billion deal, MGM Resorts sells stake in real estate company
A $17 billion deal announced Wednesday consolidated many of Las Vegas' biggest hotel-casinos under one real estate company.
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Price rises are inevitable, laundries warn hospitality industry
Commercial laundries serving the hospitality and leisure industries are warning that that cost increases and labour shortages are crippling their recovery, and that they are being forced into increasing their prices…
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CBRE: Global Recovery Has Begin in Most Regions, But There Are Risks
The global economic recovery has begun to hit its stride in most regions, with workforces in many countries planning to return to the office in the second half of 2021, transaction activity increasing, and strong gains forecast for investment in…
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