A new report has shown that a total of 183 hotel projects and 54,000 hotel rooms are in the pipeline in the United Arab Emirates.
The country's hospitality sector is expected receive a boost with the new hotels and additional capacity. The hotel construction report by Tophotelprojects prepared for The Hotel Show Dubai 2016 showed that the most of the planned hotels will open before the year 2020, when Dubai will host the massive 2020 World Expo event.
The luxury hotel sector in Paris is facing a dilemma due to an increase in competition posed by new hotels and also from Airbnb.
Airbnb, offers maximum accommodations in Paris as compared to any other place in the world. The home sharing website is a haven for budget travelers and that's frightening the deluxe hotels in the French capital.
As reported by KrebsonSecurity, the Trump Hotel Collection which is a company owned by Donald Trump, could be the latest victim of credit card breach.
The long drawn feud over the re-election of Elaine Wynn, to the board of Wynn Resort Ltd, ended on Friday as ex-wife of co founder Steve Wynn failed to secure her position back as a member of the board.
Shareholders had to decide among re-electing co founder, Elaine Wynn or going with the company's proposal to re-elect two sitting board members share holders sought to go with the company's suggestions.
Today, Starwood Hotels & Resorts Worldwide launched the Tribute PortfolioT which will be one of the two of the company's collection of independent hotels.
On Thursday, Hilton Worldwide Holdings Inc. shares leaped in initial trading as the company returned to the market as the largest hotel IPO ever.
The Blackstone Group LP (BX) in 2007 bought Hilton Worldwide Holdings Inc. (HLT), the lodging chain. Now it plans to raise as much as $2.4 billion in its U. S. initial public offering, the highest ever for a hotel company.
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