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SiteMinder deepens partnership with Trip.com amid Chinese travel market rebound

SiteMinder

Conversely, at 21 days, the average lead time on those bookings was 62% lower than the global average, reflecting the low price sensitivity among Chinese travellers and their greater propensity to take trips at shorter notice.

Marketing 110
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The Park Hotel in Redcar brought to market for £950k

Hotel Owner

The Park Hotel in Redcar, which is located along the Yorkshire coast, has been brought to the open market at an asking price of £950k. Lee Dexter said: “It has been a wonderful journey since we purchased the hotel back in 2003 and since then we have invested heavily in the building and the business.

Marketing 105
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The Ainscow Hotel sold to new owners for £7.5m

Hotel Owner

The Ainscow Hotel in Manchester has been purchased by an established UK property and leisure investment company off a guide price of £7.5m. The Artisan Property Group then purchased the property in 2003 and later converted the building into a hotel, which opened in 2014 following a major capital expenditure programme.

Pricing 98
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Majority stake in Mandarin Oriental NY sold

Hotel Business

The 244-room Mandarin Oriental, New York, opened in 2003, occupies floors 35 through 54 of the Deutsche Bank Center at Columbus Circle, and features the MO Lounge; more than 9,000 sq. Davis added, “New York led all urban markets in Q1 2023 luxury transaction volume underpinned by strong fundamental performance. has been completed.

Pricing 59
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Magnuson Independent Collection reports 10x industry average RevPAR

Hotel Business

Magnuson’s Fair Franchising efforts are translating into higher RevPARs for hotels, as owners are able to renovate according to their plans and market characteristics, choose their own suppliers rather than purchase through franchisors at inflated costs,” he said. I know that the growth of my business is just as important to them.” “Our

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A Kroger-Albertsons Merger Would Be Bad for Almost Everyone

EATER

Elijah Nouvelage/Getty Images Earlier this week, the FTC filed a lawsuit alleging that the deal would eliminate competition and raise grocery prices It’s likely that the place you shop for groceries every week is owned by one of two companies — Kroger, or Albertsons. In reality, mergers give these large companies the power to dictate prices.

Pricing 84
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Feast on Sushi, Steak, and Globalization at Iraq’s American-Themed Buffet

EATER

This isn’t a novel concept; businesses in emerging markets often emulate the U.S. and France) established a no-fly zone over their territory following the Persian Gulf War, Iraqi Kurds leveraged the situation to create the semi-autonomous Kurdistan Regional Government (KRG); the 2003 U.S. along with the U.K.

Pricing 132