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Hotel and Hospitality
287 posts
TLC Jet and WIMCO target St. Barth’s last-mile luxury travel gap with a new private aviation partnership
TLC Jet has partnered with WIMCO St. Barth Properties to coordinate private aviation and luxury villa travel, including Pilatus PC-12 connections between San Juan and St. Barth, as luxury hospitality providers seek greater control over the complete guest experience.
Whitbread activist fight heads to November 9 vote as Premier Inn turnaround gathers pace
Whitbread is asking shareholders to reject Corvex Management’s board nominee as improving Premier Inn trading collides with a wider debate over property, capital and returns.
SkyCity Entertainment (ASX: SKC) agrees NZ$221m Grand Hotel sale as asset disposals approach NZ$300m
SkyCity Entertainment Group has signed a conditional agreement to sell The Grand Hotel in Auckland for NZ$221 million, bringing its announced property disposal programme to approximately NZ$295.5 million while regulatory approval and settlement remain outstanding.
Whitbread (LSE: WTB) profits fall 62% as Premier Inn growth meets restructuring costs and activist pressure
Whitbread PLC reported first-half revenue of £1.57 billion but statutory pre-tax profit fell to £109 million as restructuring charges and cost inflation weighed on earnings. Stronger Premier Inn trading in Britain and Germany is supporting its five-year recovery strategy ahead of a November shareholder vote demanded by activist investor Corvex Management.
DreamFolks (NSE: DREAMFOLKS) launches 30-acre Nagavalli luxury club as it rebuilds beyond airport lounges
DreamFolks Services Limited has launched a 30-acre private club with 37 cottages and a 25-acre golf course in the Eastern Ghats, extending its luxury membership strategy after Q1 FY27 revenue plunged 88.8% and the company reported a ₹13.83 crore loss.
TKO Hotels targets Service Properties Trust portfolio in $2bn cash deal
TKO Hotels has offered $2 billion in cash for Service Properties Trust’s entire lodging portfolio, potentially allowing the REIT to cut debt sharply and emerge as a focused net lease company.
TUI narrows 2026 profit guidance as late bookings and fuel risk cloud demand
Strong hotels and cruises are offsetting softer tour-operator volumes, but the travel group has made its forecast dependent on stable fuel supply and no material geopolitical escalation.
China investigates Meituan and Alibaba units in widening online travel crackdown
Chinese regulators are investigating businesses linked to Meituan and Alibaba alongside Tongcheng and Tujia over suspected unfair competition in online hotel and travel booking. The action expands enforcement across a sector already shaken by a 5.2 billion yuan penalty against Trip.com and puts platform practices, merchant terms and investor risk back under the microscope.
Hilton signs 10 Spark hotels with AG Hotels as UK conversion strategy accelerates
Hilton has signed 10 Spark by Hilton hotels with AG Hotels Group, adding 672 rooms across England and Wales between late 2026 and 2028 as the hotel giant leans increasingly on conversions to expand a brand that already has more than 275 properties open worldwide.
Juniper Hotels strikes Rs 248cr deal for 287-room Novotel Imagicaa
Juniper Hotels plans to acquire the 287-room Novotel Imagicaa in Khopoli for ₹248 crore, while Imagicaaworld redirects capital toward its higher-margin entertainment businesses.