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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.

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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.

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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.

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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. JLL Hotels & Hospitality has revealed that the sale of a 75% interest in the Mandarin Oriental, New York, to affiliates of Reliance Industries Ltd.

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Qunci Villas enjoys key benefits of hotel integration with SiteMinder

SiteMinder

Qunci Villas is one of the pioneer boutique hotels in Lombok that has been in business since July 2003. Viki said: “SiteMinder allows us to easily implement a dynamic pricing system. Previously we tended to use static seasonal pricing. One of the favorite choices for newly married couples in Indonesia is Qunci Villas Lombok.

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Magnuson Independent Collection reports 10x industry average RevPAR

Hotel Business

Idaho-based Kim Van Der Kolk, co-owner, Dodge Peak Lodge, echoes this sentiment by adding, “Magnuson Hotels team has guided me to achieve revenue that I didn’t think was possible, especially in the slow season with their creative revenue and pricing strategies. 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.

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