Hyatt Reports First Quarter 2024 Results

Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) reported first quarter 2024 results. Highlights include:

• Comparable system-wide hotels RevPAR increased 5.5% compared to the same period in 2023

• Comparable system-wide all-inclusive resorts Net Package RevPAR increased 11.0% compared to the same period in 2023

• Net Rooms Growth was approximately 5.5%

• Net Income was $522 million and Adjusted Net Income was $75 million

• Diluted EPS was $4.93 and Adjusted Diluted EPS was $0.71

• Adjusted EBITDA was $252 million

• Pipeline of executed management or franchise contracts was approximately 129,000 rooms

• Repurchased approximately 2.5 million shares of Class A and Class B common stock for an aggregate purchase price of $388 million

• Full year comparable system-wide hotels RevPAR is projected to increase 3% to 5% on a constant currency basis compared to full year 2023

• Full year Net Income is projected between $1,135 million and $1,195 million

• Full year Adjusted EBITDA is projected between $1,150 million and $1,190 million and is in line with previously provided 2024 Outlook when adjusting for $30 million of reduced Adjusted EBITDA due to transactions

• Full year Capital Returns to Shareholders is projected between $800 million and $850 million

Mark S. Hoplamazian, President and Chief Executive Officer of Hyatt, said, "The year is off to a great start with gross fee revenue reaching a record of $262 million in the quarter. Our pipeline also reached a new record, expanding 10% year-over-year to 129,000 rooms, and we realized net rooms growth of 5.5%. World of Hyatt membership has grown by 22%, reaching a new record of 46 million members. Significant progress on asset dispositions is further expanding our asset-light earnings mix, reflecting our execution to permanently reduce owned real estate."

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Marriott International Reports First Quarter 2024 Results

First quarter 2024 comparable systemwide constant dollar RevPAR increased 4.2 percent worldwide, 1.5 percent in the U.S. & Canada, and 11.1 percent in international markets, compared to the 2023 first quarter;

First quarter reported diluted EPS totaled $1.93, compared to reported diluted EPS of $2.43 in the year-ago quarter. First quarter adjusted diluted EPS totaled $2.13, compared to first quarter 2023 adjusted diluted EPS of $2.09;

First quarter reported net income totaled $564 million, compared to reported net income of $757 million in the year-ago quarter. First quarter adjusted net income totaled $620 million, compared to first quarter 2023 adjusted net income of $648 million;

Adjusted EBITDA totaled $1,142 million in the 2024 first quarter, compared to first quarter 2023 adjusted EBITDA of $1,098 million;

The company added roughly 46,000 net rooms during the quarter, including approximately 37,000 rooms under its agreement with MGM Resorts International;

At the end of the quarter, Marriott’s worldwide development pipeline totaled over 3,400 properties and nearly 547,000 rooms, including roughly 27,000 pipeline rooms approved, but not yet subject to signed contracts. More than 202,000 rooms in the pipeline were under construction as of the end of the first quarter;

Marriott repurchased 4.8 million shares of common stock for $1.2 billion in the first quarter. Year to date through April 26, the company has returned $1.7 billion to shareholders through dividends and share repurchases.

Pride Hotels Group Announces New Pride Elite Property in Strategic Bharuch Location

Pride Hotels Group is excited to announce its latest venture, the Pride Elite Bharuch, situated in the bustling city of Bharuch, Gujarat. This new property, nestled in the heart of Bharuch, is perfectly positioned near Dahej port, a significant industrial hub hosting around 2000 corporate entities. The proximity to such a vital commercial center makes the Pride Elite Bharuch an optimal choice for business travelers. Additionally, Bharuch’s rich historical significance and its role as a gateway to many of Gujarat’s attractions make it a compelling destination for leisure travelers seeking a blend of business and tourism opportunities.

“We are delighted to unveil the Pride Elite Bharuch, a premier destination that epitomizes our dedication to delivering unparalleled hospitality experiences. Strategically positioned in the dynamic city of Bharuch, near the bustling Dahej port, this property offers unmatched accessibility for our corporate clients while also serving as an inviting retreat for leisure visitors. Our commitment to excellence is reflected in every aspect of Pride Elite Bharuch, where guests can expect to enjoy the highest standards of service and amenities” remarked Mr. Atul Upadhyay, Executive Vice President of Pride Hotels Group.

Pride Elite Bharuch is set to feature 60 luxurious rooms designed for ultimate comfort and style, catering to the sophisticated expectations of our esteemed guests. This upscale property will also include a sprawling 25,000-square-foot wedding lawn, ideal for extravagant weddings and large-scale celebrations, alongside a spacious 3,000- square-foot banquet hall that can accommodate up to 300 people, perfect for hosting corporate events and conferences. In addition to these, the hotel will boast an elegant restaurant with a diverse menu to satisfy all palates. The comprehensive amenities continue with a state-of-the-art swimming pool and a well-equipped gym, ensuring a relaxing and productive stay. For business meetings, two exclusive boardrooms will provide the ideal setting for discussions and decision-making. Additionally, ample parking facilities will offer added convenience for all guests visiting the hotel.

Accor signs agreement for a new Sofitel hotel in India: Sofitel Jaipur Jawahar Circle

Accor, a world-leading hospitality group, is proud to announce the signing of a partnership agreement with EBU Estate Developers Private Limited for the development of a Sofitel hotel in India, the Sofitel Jaipur Jawahar Circle. This new-build luxury hotel is scheduled to open its doors in 2028 and promises to redefine hospitality in the vibrant city of Jaipur.

Strategically located at Jaipur’s Jawahar Circle, the hotel will feature 275 exquisitely designed and spacious rooms, each offering the utmost comfort for guests. Joining Sofitel, the only French luxury hotel brand with a truly international footprint, the hotel will be a great addition to support Jaipur’s tourism expansion, bringing French joie de vivre and gastronomy, with four distinct restaurants and bars, where guests will savor a varied culinary experience tailored to their preferences.

Furthermore, the hotel will offer over 5,000 square meters of state-of-the-art meeting and banquet venues, providing the perfect setting for exquisite weddings, grand events and outstanding gatherings.

Jaipur, known as the Pink City, is a jewel in India's tourism crown, attracting domestic and international tourists alike. As part of the renowned Golden Triangle tourist itinerary, which also includes the cities of Agra and Delhi, Jaipur offers a rich tapestry of culture, history, and architectural wonders.

"We are delighted to partner with EBU Estate Developers Private Limited to bring the Sofitel brand to Jaipur and to celebrate a new chapter in our journey in India. Accor’s offering is uniquely positioned to harness the power of Indian travelers and this new signing is a great illustration of our commitment to bring meaningful experiences, today with the well-known Sofitel’s French art de vivre. With our unparalleled portfolio of brands, Accor plans to open 30 new properties in the country in the next 3 to 5 years and will continue to strive for excellence, making a positive difference to our communities.” said Sébastien Bazin, Chairman & CEO Accor.

The Sofitel Jaipur Jawahar Circle will feature an array of facilities, including swimming pools, a spa, fitness center, kids' club, and ample car parking, ensuring a truly memorable stay for every guest. The hotel's extensive MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities, spanning over 5,000 square meters, will be designed to accommodate up to four large events simultaneously, further solidifying Jaipur's position as a premier destination for weddings, corporate gatherings and social events.

“We are committed to delivering a flagship Sofitel hotel that exceeds expectations and sets new standards of luxury in Jaipur" said Vikram Sukhani, Authorized Representative at EBU Estate Developers Private Limited. "This partnership marks the beginning of a long and fruitful relationship with Accor, as we embark on a journey to develop multiple hotel assets in the premium, luxury, and ultra-luxury segments over the coming years." 

The Sofitel Jaipur Jawahar Circle, which will join sister luxury hotels Fairmont Jaipur and Raffles Jaipur (opening mid 2024), represents a significant addition to Accor's portfolio in India and underscores the company's commitment to expanding its presence in key international leisure and MICE destinations. With its unparalleled luxury, impeccable service, and strategic location, the hotel is poised to become a beacon of hospitality excellence in North India.

Accor remains steadfast in its commitment to expand its presence in India, with a strategic focus on cultivating the Sofitel brand in the main urban and leisure destinations such as New Delhi, Goa, and Bengaluru, building upon the success of Sofitel Mumbai BKC. Additionally, our roadmap includes the enhancement of our portfolio with the introduction of our collection brands, Emblems and MGallery, through the conversion of select properties across the region. 

Hyatt's Inclusive Collection Expands in Mexico with Opening of Dreams Estrella del Mar Mazatlán Golf & Spa Resort

Hyatt Hotels Corporation (NYSE: H) announced the opening of the family-friendly, all-inclusive, Dreams Estrella del Mar Mazatlán Golf & Spa Resort. The opening of the luxury all-suite resort marks the first Hyatt hotel in the seaside destination of Mazatlán in Mexico, supporting Hyatt’s strategic brand expansion plans to provide more distinctive destination options for guests and members seeking unique experiences in trending cities and towns that tout their own local flare.

“We are thrilled to introduce guests and World of Hyatt members to the pearl of Mexico’s pacific coast. The opening of Dreams Estrella del Mar Mazatlán Golf & Spa Resort represents an opportunity to contribute greater value to Hyatt’s existing portfolio in the rapidly growing market by offering guests the first Hyatt resort in this brand-new destination,” said Gabriel Felip, President, Latin America & Caribbean.

Ideally situated in the exclusive community of Estrella del Mar, Dreams Estrella del Mar Mazatlán Golf & Spa Resort is conveniently located less than six miles from the Mazatlán International Airport and 20 minutes from the city center filled with colonial architecture, unique landmarks and one of the tallest working lighthouses on the central pacific coast.

"Dreams Estrella del Mar Mazatlán Golf & Spa Resort is setting a new standard for a luxury all-inclusive experience in the destination that meets the growing demand. The rich heritage, golden sand beaches, and sparkling seascapes complement five-star service and notable offerings such as swim-out suites and a full-size soccer pitch, making the resort an ideal choice for guests of all ages,” said Alma Gomez, general manager, Dreams Estrella del Mar Mazatlán Golf & Spa Resort.

The luxury boutique resort brand ‘ZANA - Luxury Resorts’ launches Jim Corbett’s most magnificent resort ‘ZANA - A Luxury Escape, Dhikuli, Jim Corbett’

The swiftly growing Espire Hospitality Group unveils a luxury resort ‘ZANA - A Luxury Escape, Dhikuli, Jim Corbett’ in the heart of Jim Corbett. Nestled amidst the captivating wilderness, the resort offers an exquisite blend of opulence and serenity.

The resort is reminiscent of a warm and cosy country house in England with splendid gardens, woodland and European inspired architecture. With majestic Himalayas framing the backdrop and characterful design elements like wood cladding, shingle roofs, stonework, and inviting fireplaces, the resort seamlessly melds luxury with nature. Imagine immersive spaces and experiences set in a dramatic landscape of giant trees, grouping together to replicate a forest – this is ZANA.

Just ten minutes away from the lush embrace of the Jim Corbett National Park, ‘ZANA - A Luxury Escape, Dhikuli, Jim Corbett’ boasts 57 elegantly appointed rooms and cottages, offering stunning views of the picturesque landscapes and Kosi river.

One can dive into culinary delights from across the world at ‘Mayfair’, brand-signature all-day dining restaurant, relax and sip some exquisite drinks with live grills at ‘Bohemia - Grills & Bar’ where cluster of trees surrounds you, offering a relaxed ambience or indulge in the stunning outdoor destination dining options. One would experience complete relaxation at the outdoor swimming pool, embraced by towering trees and lush surroundings - an idyllic setting to unwind and savour the moment.

The guests can embark on thrilling wildlife safaris, or simply unwind amidst the serenity of nature. For families with kids, the soon-to launch kids' play area ‘Toddle Wobble’ will ensure that the little ones stay entertained with a variety of games and activities.

The captivating wilderness of Jim Corbett is where every moment transforms into an everlasting memory. The resort also offers versatile event spaces, including a pillar-less ballroom spanning over 4,000 sq. ft., coupled with a 5,500 sq. ft. adjoining lush green lawn, creates an ideal setting for productive meetings, corporate off-sites, and weddings.

Mr. Akhil Arora, Chief Executive Officer and Managing Director, Espire Hospitality Group, expressed his delight about this opening, "We are thrilled to announce the opening of our newest resort in the heart of Jim Corbett, a destination popular for its natural beauty and adventure. Every aspect of the resort has been meticulously crafted to deliver an extraordinary experience that surpasses the expectations of modern travellers. Whether the guests are seeking adventure or relaxation, ZANA promises to be their ultimate sanctuary in Jim Corbett."

He further added, "Jim Corbett's popularity as a tourist destination continues to soar, drawing visitors from India and across the globe. With the introduction of ZANA, we aim to cater to the growing demand for premium stays and exceptional experiences in this captivating destination."

Norwegian Cruise Line Holdings Unveils Bold New Vision for the Future with Strategic Long Term Fleet Expansion and Enhanced Private Island Development

Plan includes next generation vessels for Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises to be built by Fincantieri, along with infrastructure enhancements for Great Stirrup Cay, all while continuing its disciplined multi-year de-leveraging plan.

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian”, “NCLH” or the “Company”) today unveiled the most comprehensive new build order in its history—a total of eight state-of-the-art vessels, representing nearly 25,000 additional berths, with new classes of ships for each of its three award- winning brands—and the construction of a multi-ship pier at Great Stirrup Cay, the Company’s private island destination in the Bahamas and its top-rated Caribbean port of call. This unprecedented decade- long strategy enhances its product offering, guest experiences, and operational infrastructure, supporting the Company’s sustained leadership in delivering innovative cruise vacations.

The new ship orders across all three brands are scheduled for delivery over a ten-year period, between 2026 and 2036. Following the delivery of four Prima-Plus class ships from 2025 through 2028, Norwegian Cruise Line is expected to take delivery of four approximately 200,000-gross-ton ships, each with a capacity of nearly 5,000 guests, in 2030, 2032, 2034 and 2036, which are subject to financing 1 . Building on the success of its Allura Class ships, the last one being delivered in 2025, Oceania Cruises is scheduled to take delivery of two 86,000-gross-ton ships, each with a capacity of 1,400 guests in 2027 and 2029. Lastly, following the award-winning Explorer Class ships, Regent Seven Seas Cruises is scheduled to take delivery of two 77,000-gross-ton ships, each with a capacity of 850 guests, in 2026 and 2029. Details regarding the ships’ amenities, staterooms, dining, recreational, efficiency,

Empowering Women: Overcoming Challenges in the Hospitality Sector by Haninder Sachdeva, CEO, Eight Continents Hotels & Resorts

In the realm of hospitality, women have long played a pivotal role in shaping guest experiences, managing operations, and driving innovation. Yet, despite their significant contributions, women continue to face unique challenges within the industry. From limited opportunities for advancement to persistent gender biases, navigating these obstacles requires resilience, determination, and a collective commitment to empowerment. In this article, we explore the challenges women encounter in the hospitality sector and discuss strategies for fostering inclusivity, promoting leadership opportunities, and empowering women to thrive in this dynamic field.

Understanding the Challenges

The hospitality industry encompasses a wide array of sectors, including hotels, restaurants, event planning, tourism, and more. Historically, women have been concentrated in certain roles within these sectors, such as housekeeping, front desk operations, and administrative positions. While these roles are essential to the functioning of hospitality businesses, they often lack the visibility and prestige associated with leadership positions.

One of the primary challenges facing women in the hospitality sector is the pervasive gender bias that can hinder their career advancement. Stereotypes about gender roles and abilities can influence hiring decisions, promotion opportunities, and workplace dynamics. Women may encounter unconscious bias during recruitment processes, performance evaluations, and team interactions, which can undermine their confidence and limit their professional growth.

Furthermore, the hospitality industry is known for its demanding schedules and fast-paced environment, which can present additional hurdles for women, particularly those with caregiving responsibilities. Balancing work and family commitments can be especially challenging in roles that require long hours, irregular shifts, and frequent travel. Without adequate support systems in place, women may find it difficult to achieve work-life balance and pursue career progression.

Despite these challenges, women in the hospitality sector are forging ahead, breaking barriers, and redefining traditional roles. Organizations and industry leaders have a crucial role to play in creating a more inclusive and supportive environment for women to thrive. This involves implementing policies and practices that promote gender equality, diversity, and inclusion at all levels of the organization.

Empowering Women: Strategies for Change

One strategy for empowering women in the hospitality sector is to provide mentorship and professional development opportunities. Mentoring programs can pair women with experienced leaders who can offer guidance, support, and career advice. By fostering meaningful connections and sharing insights, mentors can help women navigate challenges, build skills, and advance their careers within the industry.

Additionally, investing in leadership development programs can help women cultivate the skills and competencies needed to succeed in leadership roles. These programs can provide training in areas such as strategic thinking, decision-making, communication, and team management. By equipping women with the tools and resources they need to excel, organizations can help them overcome barriers and reach their full potential.

Another key aspect of empowering women in the hospitality sector is promoting diversity and inclusion in recruitment and hiring practices. This involves actively seeking out diverse candidates, eliminating bias from job descriptions and interview processes, and creating a welcoming and inclusive workplace culture. By embracing diversity, organizations can tap into a broader talent pool, foster innovation, and better reflect the diverse needs of their guests.

Furthermore, advocating for policies that support work-life balance and flexibility can help women juggle their professional and personal responsibilities more effectively. This can include offering flexible scheduling options, telecommuting opportunities, and parental leave policies that accommodate the needs of employees at different stages of life. By prioritizing employee well-being and flexibility,

organizations can attract and retain top talent, including women in the hospitality sector. Beyond organizational initiatives, industry-wide collaborations and advocacy efforts are essential for driving systemic change and addressing the root causes of gender inequality in the hospitality sector.

This can involve partnering with industry associations, educational institutions, and government agencies to promote gender diversity, advocate for policy reforms, and raise awareness about the importance of gender equality in the workplace.

Summing- Up

While women in the hospitality sector face various challenges, they also possess tremendous resilience, talent, and potential. By recognizing and addressing the barriers that women encounter, we can create a more inclusive, equitable, and empowering environment where all individuals have the opportunity to thrive. Through mentorship, professional development, diversity initiatives, and advocacy efforts, we can harness the full potential of women in the hospitality sector and drive positive change within the industry. Together, we can build a future where women are valued, respected, and empowered to lead in the dynamic world of hospitality.

Author

Haninder Sachdeva,

CEO,

Eight Continents Hotels & Resorts

KLING Brewery Opens its Doors in Bengaluru, Offering a Refreshing Haven for Beer Enthusiasts

Bengaluru, India: Prepare to unwind after a hectic workday as KLING Brewery, Bengaluru's latest beer haven, prepares to launch its doors. Nestled in the heart of Church Street, KLING Brewery pays homage to the city's beer aficionados, aiming to redefine the craft beer experience with a blend of vibrant culture, nostalgic camaraderie, and global cuisine.

Drawing inspiration from the spirited pub culture of the 90s while embracing contemporary aesthetics, KLING Brewery caters to diverse tastes. Anticipate an array of meticulously crafted beers soon to grace your glasses, promising exceptional flavors to savor and celebrate. Immerse yourself in live music nights, sip cocktails, and engage in entertaining events that elevate your evenings at KLING.

The brewery's interiors seamlessly merge modern elements with rustic charm, adorned with captivating art and décor. From patio seating surrounded by greenery to effervescent corridors, every detail reflects meticulous craftsmanship, creating an inviting atmosphere.

Founders Raghavendra Nayak, Karthik Mangalore Namdev, Harsha Melanta, and Manjunath SP share their vision for KLING Brewery, stating, "Our aim is to deliver unparalleled craft beers and contribute to Bengaluru's culinary and beer landscape. We aspire to cater to discerning palates and foster a sense of community, ensuring KLING becomes a cherished gathering place for locals and travelers alike."

Complementing the brewery's offerings is a delectable menu featuring global cuisine. Indulge in signature dishes like KLING Nachos, Tandoori Soya Chaap, and Beer Battered Prawns, or explore tantalizing flavors with dishes such as Curried Mango Chicken Wings and Kundapur Ghee Roast. Complete your culinary journey with delightful desserts like Tender Coconut Jelly or Tiramisu, and savor handcrafted cocktails like "Lankan Sour" and "Cafe Koko."

With ambitious plans for expansion, KLING Brewery aims to spread its essence beyond Bengaluru, potentially exploring bottling and kegging options to bring its unique flavors to homes and establishments alike. KLING Brewery embarks on an exciting journey, not only offering exceptional beers but also embracing the rich community spirit of Bengaluru's beer culture.

For those seeking a respite from the daily grind, KLING Brewery invites you to unwind amidst cozy ambiance, refreshing drinks, and delectable fare.

Address: 27, Ground Floor, Sattva Auro, Church St, Shanthala Nagar, Ashok Nagar, Bengaluru, Karnataka 560001

Instagram: https://www.instagram.com/klingbrewery/

Hyatt's Newest Inclusive Collection Brand Debuts with the Opening of Hyatt Vivid Grand Island

The 400-suite adults-only resort in Cancun offers a relaxing and engaging escape with an approachable atmosphere that caters to the next generation of all-inclusive travelers

Hyatt Hotels Corporation (NYSE: H) today announced the launch of the adults-only Hyatt Vivid brand with the opening of Hyatt Vivid Grand Island in Cancun, Mexico. The modern all-suite resort offers a relaxed atmosphere with a host of enriching experiences to complement the resort’s lush surroundings. The newest resort in Hyatt’s Inclusive Collection marks the continued growth of Hyatt’s brand footprint in Mexico with additional openings to follow later this year. 

“Hyatt offers brands that meet guests and members across every stay occasion and every walk of life. The debut of Hyatt Vivid Grand Island represents an exciting new chapter in the Inclusive Collection’s story,” said Melanie Benozich, associate vice president, marketing & global branding. “The Hyatt Vivid brand allows Hyatt to continue to excite our existing guests and members on more occasions while also introducing the all-inclusive concept to new travelers who prefer a casual atmosphere. We’re thrilled to see the brand promise of flexibility over formality come to life for the first time with the opening of Hyatt Vivid Grand Island in Cancun.”

Located just ten minutes from the famed Cancun hotel zone and adjacent to Dreams Grand Island, which is scheduled to open later this year, the sleek high-rise resort touts the perfect blend of modern design and inviting appeal. Setting the stage for joyful moments, guests enjoy local flavors with grab-and-go culinary options, take part in authentic experiences, and discover the true meaning of connection, all set within a gated community.

“We are thrilled to debut the first Hyatt Vivid resort in Mexico,” said Luis Miguel Ojeda, general manager, Hyatt Vivid Grand Island. “Hyatt Vivid Grand Island caters to travelers looking for a no-pressure vacation where they can eat, dress, dance, learn, and do as they please, on their time, their way. We are elated to welcome guests and members to their new home away from home.”

Grand Hyatt Barcelona Officially Opens Its Doors

Hyatt Hotels Corporation (NYSE: H) today announces the opening of Grand Hyatt Barcelona, the first urban Grand Hyatt hotel in Spain, located in one of the most visited cities in the world. Marking the fifth Grand Hyatt hotel operating in Europe, this expansion also reflects Hyatt’s accelerated brand growth in Spain. Hyatt offers the fourth-largest hospitality portfolio in Spain by room count, spanning eight different brands and 50 properties in the country.

Grand Hyatt Barcelona is poised to redefine the city experience, situated in the exclusive Alta Barcelona area. Just minutes from historical treasures like the Monastery of Pedralbes and iconic landmarks such as Camp Nou, home of FC Barcelona, it serves as the ideal destination for exploration. With its array of gastronomic delights and a bespoke spa, Grand Hyatt Barcelona offers not just accommodation but a destination within the city – a haven for those in search of a unique escape or the perfect setting for conferences and meetings, located in one of the top twenty meeting and event destinations in the world.

“Grand Hyatt Barcelona is another charismatic example of the iconic Grand Hyatt brand, offering a captivating accommodation set against impressive architecture and bold design,” said Franck Sibille, Area Vice President & General Manager of Grand Hyatt Barcelona. “We are delighted to welcome guests seeking immersive experiences in the pulse of the local Spanish culture and we are proud of the dynamic and unexpected getaway that we have created.”

The hotel offers 465 meticulously curated guestrooms, including 49 signature suites, and one lavish penthouse, which embody a blend of grandness and sophistication. Infused with Art Deco-inspired design, each room boasts the latest amenities, such as cosmetic products by Natura Bissé, creating an atmosphere of sublime indulgence.

At the heart of the hotel's allure are four distinctive dining destinations that offer a fusion of locally inspired and internationally influenced flavors. Noteworthy among them is Maymanta, the Peruvian restaurant perched on the 19th-floor rooftop, providing breathtaking 360-degree views of Barcelona. Chef Omar Malpartida invites guests on a culinary voyage through the South American landscapes of Perú and its diverse and authentic flavors. Meanwhile, Leña, the steakhouse helmed by renowned Michelin Chef, Dani Garcia, set to open later this year, combines innovation and tradition, offering elegance, savoir-faire and technique as guests witness the culinary art of the embers. For those seeking a delightful spot to enjoy spectacular food and drink, Sofia Bar & Tapas offers a unique blend of Mediterranean cuisine and tapas paired with signature cocktails, which guests can indulge in on the exclusive terrace. For those seeking sweets, Philosophia is a boutique coffee shop boasting a welcoming open-air terrace overlooking Avenida Diagonal and the Alta Barcelona. Philosophia offers delicious pastries, fruit, and salads.

Guests can indulge in world-class wellness facilities at the exclusive Oasis Spa by Natura Bissé, a first-of-its-kind collaboration with the renowned Spanish brand. The spa offers a haven for relaxation with its 807-square-foot (75-square-meter) pool and waterfall, a Turkish steam area, a sauna, and private cabins for signature treatments by Natura Bissé. Guests longing to disconnect and enjoy a rejuvenating experience at Grand Hyatt Barcelona can enjoy an exclusive cabin area with its own hot tub, Turkish bath, and sauna. The hotel also offers an outdoor pool complete with a terrace, sunbeds, pool bar and restaurant.

The hotel incorporates 22 meeting rooms over 35,000 square feet (3,400 square meters), combining captivating settings with state-of-the-art equipment and unparalleled service. The crown jewel of the meeting space facilities is the hotel's 9,300-square-foot (864-square-meter) event space, designed to perfection for hosting conferences and large-scale events.

Commenting on the opening, Javier Águila, Group President, EAME, Hyatt said, “Grand Hyatt Barcelona celebrates Hyatt's dedication to unparalleled luxury and exceptional experiences. An iconic and emblematic landmark in Barcelona, the hotel embraces the lavish style of the Grand Hyatt brand, coupled with a captivating experience. As the second Grand Hyatt property in Spain, today’s opening reflects our accelerated brand growth in Spain and more broadly in Europe, Africa, and the Middle East, and showcases our continued commitment to delivering world-class hospitality.”

John O’ Driscoll, Global Co-Head of Real Estate, AXA IM Alts said, “The successful opening of the Grand Hyatt Barcelona follows a tailor-made refurbishment and rebrand of the hotel since we acquired this property last year. During that time, our asset management team has used its significant repositioning expertise and local market knowledge to improve the specifications and amenities of the property while retaining its historical heritage. Additionally, built upon AXA IM Alts’ foundation of commitment to sustainability, the hotel has undergone significant improvements to enhance decarbonization by phasing out fossil fuels as the primary source of energy and has achieved a LEED Gold certification for energy efficiency. This certification, recognized globally as a symbol of sustainability achievement and leadership, underscores our dedication to minimizing environmental impact while providing exceptional service to our guests. Thanks to all these actions together with the memorable experience associated with the Grand Hyatt brand, visitors will benefit from a world-class hospitality experience complete with modern luxury touches while enjoying a range of culinary and entertainment experiences.”

Raffles Hotel Le Royal Awarded Prestigious 4-Star Rating from Forbes Travel Guide

Raffles Hotel Le Royal, the luxury heritage hotel in the Cambodian capital, has earned a prestigious Four-Star rating from Forbes Travel Guide, whose designations are among the most highly sought after in the global luxury hospitality industry.

“Raffles Hotel Le Royal has been Phnom Penh’s defining word in opulence ever since its doors first swung open in 1929,” the guide’s inspectors wrote in their review of the hotel.

“It's still the go-to for Cambodian high society looking to host wedding banquets and celebratory balls, while the colonial wood-paneled Elephant Bar is a must for post-event drinks. This is also the best place in Phnom Penh to enjoy afternoon tea; the refined airs and immaculately attired staff practically transport you back in time,” it added.

Raffles Hotel Le Royal was one of only two hotels in Phnom Penh to be recognized by Forbes Travel Guide last month. The Four-Star rating denotes “exceptional properties, offering high levels of service and quality of facility to match.” Forbes Travel Guide, originally launched in 1958 (then as Mobil Travel Guide), is the oldest travel guide in the United States and the creator of the original Five-Star rating system for hotels.

The guide’s inspectors further praised Raffles Hotel Le Royal’s timeless elegance, saying, “While all accommodations [at the hotel] offer Old World luxury, the Landmark Rooms serve as a beautiful time capsule. The high-ceilinged rooms appear much as they did in 1929, including their enticing claw-foot baths.”

They also gave their highest approval to Restaurant Le Royal, the hotel’s signature Khmer fine-dining venue, calling it “one of the best meals in town.”

Raffles Hotel Le Royal features 175 rooms and suites that underwent a full refurbishment as part of a meticulous one-year restoration project in 2019.

“There is no greater honour for a hotel than to be recognized by Forbes Travel Guide. Our staff understand we are all caretakers of an incredible legacy in the Grand Dame of Cambodian hospitality, and we look forward each day to providing warm and attentive service to all of our cherished guests,” said Raffles Hotel Le Royal’s General Manager Dennis de Groot.

The Forbes Travel Guide designation adds to a growing list of awards for the historic property. In January, the UK-based Luxury Lifestyle Magazine named Raffles Hotel Le Royal one of the world’s best city hotels (No. 24 overall). Travel + Leisure named it one of the top city hotels in Cambodia last year. And it was voted the No. 1 hotel in Cambodia by readers of Condé Nast Traveler in its annual Readers’ Choice Awards the previous year.

IHCL Announces A New Vivanta Hotel In Ujjain, Madhya Pradesh

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a new Vivanta hotel in Madhya Pradesh’s ancient pilgrim city of Ujjain. The hotel is a Greenfield project.

Speaking on the occasion, Ms. Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL, said, “This signing is in line with IHCL’s strategy of progressively establishing its presence at significant pilgrimage destinations across India. Ujjain, located along the Kshipra River, is known for its religious fairs and ancient temples. A short drive from Indore’s city centre, this will be our first hotel in the city. We are happy to associate with Phulwani Real Estate India Private Limited for this hotel.”

The 130-keys hotel is strategically located at a comfortable driving distance from Indore airport and is close to the renowned ‘Mahakal Corridor’. The hotel will feature an all-day diner, a swimming pool and a fitness centre. It will also offer a sophisticated banqueting space along with meeting rooms, perfect for both corporate gatherings and social events.

Mr. Jitendra Phulwani, Director, Phulwani Real Estate India Private Limited said, “We are delighted to collaborate with IHCL, India’s leading hospitality company. This hotel will provide guests with the distinctive experience of the spirited Vivanta brand in Ujjain.”

Ujjain is a prominent Hindu pilgrimage centre, known for the centuries-old Mahakaleshwar Temple, as well as hosting the famous Kumbh Mela every twelve years, where millions of devotees come to visit.

With the addition of this hotel, IHCL will have 12 hotels across Taj, SeleQtions, Vivanta and Ginger brands in Madhya Pradesh including 4 under development.

About Phulwani Real Estate India Private Limited

Phulwani Real Estate India Private Limited is promoted by Jitendra Phulwani, Mr. Manoj Phulwani, Mr. Bhushan Phulwani and Mrs. Rani Phulwani. Mr. Jitendra Phulwani and Mr. Bhushan are in business of perfumes in UAE. Mr. Manoj has a hardware business in Ujjain. Mrs. Rani Dhanani, their sister manages Accounts and Finance of the company and is also based in Ujjain. 

IHCL Announces The Signing Of A Seleqtions Hotel In Surat, Gujarat

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a hotel in Surat, Gujarat. The Greenfield project will be branded an IHCL- SeleQtions hotel.  

Commenting on the signing, Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL said, “This signing is aligned to IHCL’s vision to be present in key commercial cities across India. Surat is one of the major industrial hubs in the country. The recent upgrade of the Surat Airport to international status and its expansion will further boost the city’s economic growth. We are delighted to collaborate with Mr. Rishi Shah for this hotel.”

The 175-key hotel is strategically located on upscale Dumas Road, a comfortable drive from the airport and key business districts. The hotel will offer an all-day diner, a specialty restaurant, and recreational facilities including a swimming pool and a fitness centre. With an over 8000 sq. ft. spacious banquet hall, it will also have multiple conference and meeting rooms.           

Mr. Rishi Shah said, “We are excited to partner with IHCL, India’s leading hospitality company. This hotel is poised to meet the robust demand for branded accommodations in the city.”

Surat, situated on the banks of Tapti River is the second largest city of Gujarat, it is also known as the ‘Diamond City of India’.  

With the addition of this, IHCL will have 23 hotels across Taj, SeleQtions, Vivanta and Ginger brands in Gujarat including four under development.

About Mr. Rishi Shah

Mr Rishi Shah and his family have varied business interests. They are one of the largest dealers of Mercedes Benz in Gujarat. They also operate entertainment centres branded “Shott” in Ahmedabad and Surat. 

Marriott International, Inc. announced it has signed an agreement with Victoria Park Hotels Ltd. to launch The Park Lane Hong Kong, Autograph Collection in early 2025.

Marriott International, Inc. announced it has signed an agreement with Victoria Park Hotels Ltd. to launch The Park Lane Hong Kong, Autograph Collection in early 2025. The Park Lane Hong Kong, Autograph Collection is expected to join Autograph Collection Hotels’ portfolio of over 300 independent properties in the most desirable locations across the world, each with its own unique perspective on heartfelt design and hospitality.

“We are delighted to work with Victoria Park Hotels to bring Autograph Collection Hotels to Hong Kong," said Yibing Mao, President, Greater China, Marriott International. “It further underscores our commitment to grow our footprint in Hong Kong, an iconic international destination known for its unique culture that connects east and west. We look forward to providing broader breadth of our best brands and experiences that appeal to travelers around the globe."

"Victoria Park Hotels are excited to work with Marriott International for our flagship, The Park Lane Hong Kong. Joining the Autograph Collection brand is a perfect match, recognizing Park Lane's 50 years' legacy in Hong Kong and celebrating its' uniqueness, whilst enjoying the strong global distribution and loyalty strength of the world's leading hospitality organization " said Charles Chan, CEO Victoria Park Hotels.

The Park Lane Hong Kong, Autograph Collection will be located on Gloucester Road in Causeway Bay, home to Victoria Park, Hong Kong Island’s largest public park. The hotel will be within a 5-minute walk to Causeway Bay Metro Station and within 10 minutes’ walk to major corporate venues such as the Lee Garden and World Trade Center. The Hong Kong Convention and Exhibition Center and Hong Kong’s key business district, Central, are only a 5-minute drive from the property, and Hong Kong International Airport is a 35-minute drive away.

The hotel is part of a 28-story mixed-use development with retail outlets on the ground and first floors. It is anticipated to have 820 guest rooms, an executive lounge, three distinctive dining venues and over 1,700 square meters of event spaces as well as recreational facilities. Selected guest rooms will feature sweeping views of Victoria Harbour, and other rooms will offer views of the city or Victoria Park.

Accor and Prince Group announce partnership to bring Türkiye's first Mövenpick Resort project to Antalya

Accor, a world-leading hospitality group boasting more than 1,000 properties across the Middle East, Africa and Asia Pacific, continues to strengthen its presence in Türkiye with the signing of Mövenpick Resort Antalya Tekirova in partnership with the Prince Group. The property is set to open in Q2 2024 and will become the first Mövenpick branded Resort in Türkiye, complementing the existing collection of Mövenpick Hotels across the country.

 Speaking at the signing ceremony held on March 7, 2024, İsmail Lepiev, Chairman of the Board of Directors at Prince Group, stated: "We are proud to partner with Accor on this exciting project, showcasing Türkiye's tourism potential and supported by Accor's global expertise. By blending the stunning beauty of the Mediterranean coast with Mövenpick's geniune hospitality, our goal is to create inspiring moments and extraordinary experiences in this breath-taking natural setting."

 “This project marks a significant milestone in Accor's expansion in Türkiye, showcasing our confidence in this collaborative venture which is poised to redefine the premium hospitality experience in this captivating destination,” said Paul Stevens, Chief Operating Officer Premium, Midscale & Economy Division, Middle East, Africa and Türkiye at Accor. “Mövenpick Resort Antalya Tekirova not only represents the Mövenpick brand on Türkiye’s Mediterranean coast but also marks the first Mövenpick Resort in the country. With its global recognition and regional presence, robust sustainability practices, and deep commitment to the environment and local communities, the Mövenpick brand is perfectly positioned to appeal to both domestic and international tourists, further enhancing the destination’s allure.” 

IHG hits 1,000 open hotels milestone in Asia Pacific

IHG Hotels & Resorts has reached 1,012 open hotels in Asia Pacific (APAC) – a major milestone for the global hospitality company as it accelerates its growth across the region.

IHG has welcomed guests at many outstanding new properties in APAC over the past year, with stand-out openings across many of its brands including Holiday Inn Hotels & Resorts, InterContinental Hotels & Resorts, Regent Hotels & Resorts, Hotel Indigo, Vignette Collection, voco hotels and Crowne Plaza Hotels & Resorts.

With demand for hotel stays expected to increase again this year, and strong projected long-term growth, the future looks bright for travel in the region. Having exceeded the 1,000 hotels landmark, IHG intends to be the hotel company of choice for guests and owners across its portfolio of properties in established and upcoming destinations.

Rajit Sukumaran, SVP & Managing Director, East Asia & Pacific (EAPAC), IHG Hotels & Resorts, said: “To hit 1,000 open hotels in Asia Pacific – including more than 700 in Greater China – is a fantastic achievement for IHG in one of the most dynamic regions in the world. We’re seizing the great long-term opportunities by investing in our brands, delivering great returns for our owners, and driving growth in our markets."

“We know that people have a fundamental desire to travel and meet in person and, whether it’s for leisure or business, we’re there for them and offer a wonderful selection of hotel brands and experiences for all types of travel."

“We’re achieving this by maintaining our industry-leading position in the Mainstream segment through our much-loved Holiday Inn and Holiday Inn Express brands, which make up more than half of IHG’s existing portfolio and half of its pipeline in APAC."

“We’re also investing in our six Luxury & Lifestyle brands, which account for 22% of our global pipeline, around twice the amount five years ago. We have built up a strong presence in this segment in the region, with 45% of the global Luxury & Lifestyle pipeline in APAC. It is home to about 60% of our InterContinental brand’s global pipeline, as well as iconic award-winning hotels across Six Senses and Regent. There are also many great examples of our Kimpton and Hotel Indigo brands, and it’s great to see Vignette Collection, IHG’s first collection brand, resonating so well with guests and owners alike."

Marriott International Signs Agreement to Bring JW Marriott to Greece with Vasilakis SA

Marriott International, Inc. announced it has signed an agreement in collaboration with Vasilakis SA to bring the JW Marriott brand to Greece. Anticipated to open in 2025, JW Marriott Crete Resort & Spa will span 100 acres of coastal beauty and will be a haven for travelers who seek a luxury escape paired with exceptional service and holistic well-being experiences.

SWOT Hospitality, known for its expertise in managing luxury hotels across Greece, will collaborate with Vasilakis SA and Marriott International as the third-party operator for the franchised property.

“Greece remains as one of the most attractive destinations for today’s global traveller, and the signing of JW Marriott Crete Resort & Spa reflects the continued demand we are seeing for luxury accommodation across the country,” says Jerome Briet, Chief Development Officer, Europe, Middle East & Africa, Marriott International. “We look forward to working with Vasilakis SA and SWOT Hospitality to introduce the brand’s legacy of extraordinary hospitality, thoughtful design, and enriching well-being experiences to the island destination of Crete.”

Designed by acclaimed architecture firm Block722, JW Marriott Crete Resort & Spa is anticipated to blend modern elegance with authentic Cretan heritage. The resort is slated to offer 160 stylishly appointed luxury guestrooms with all suites and villas featuring a private pool or jacuzzi.

Design plans for the resort also comprise multiple tranquil wellness spaces inviting guests to fully embrace the here and now including a JW Garden and five culinary experiences, inclusive of a traditional Cretan restaurant and a beach dining venue. Additionally, the property will offer multiple swimming pools, a fitness centre, beach club, spa and Family by JW experiences.

“We are delighted to announce the opening of the first JW Marriott resort in Greece, marking a significant milestone for our company. The collaboration with SWOT hospitality, marked by their expertise and unwavering commitment, has already demonstrated the success that this project is destined for,” says Antonios Vasilakis, Owner of Vasilakis SA. “The values of JW Marriott align perfectly with our vision for this project, and we are confident that this brand will elevate the hospitality experience in Greece and set a new standard of luxury for our guests.”

Mövenpick makes its Oman debut with the opening of Mövenpick Hotel and Apartments Ghala Muscat

Mövenpick, a premium Accor brand known for its Swiss hospitality, has commenced 2024 with a milestone hotel opening in Muscat as the debut property in Oman. The contemporary, five-star property takes its design inspiration from the Sultanate’s rich culture and heritage.

Mövenpick Hotel & Apartments Ghala Muscat features 282 rooms and suites and 58 stylish hotel apartments, complemented by premium facilities, services and exceptional culinary experiences for which Mövenpick is renowned.

“ This marks an important milestone for Accor as our expansionist vision for the Sultanate of Oman gains considerable momentum,” said Paul Stevens, Chief Operating Officer, Premium, Midscale & Economy Division, Middle East, Africa & Türkiye at Accor. “The opening of Mövenpick Hotel & Apartments Ghala Muscat enriches the city’s hotel landscape by introducing a premium hospitality concept rooted in culinary excellence and unparalleled service. We are honoured to raise our first flag for the Mövenpick brand in Oman, a country known for its warm welcome, which perfectly complements the Mövenpick spirit of providing guests an opportunity to indulge in life's simple pleasures.”

Nestled in a central city location in Ghala Heights, Mövenpick Hotel & Apartments Ghala Muscat is close to Muscat International Airport, the Oman Convention & Exhibition Centre, and several commercial districts and tourist attractions. It is also easily accessible from the Sultan Qaboos Highway. Offering convenience, comfort, flexibility and modern day indulgence for all types of travellers, from short-stay visitors to those residing in the Omani capital, the rooms, suites and hotel apartments are contemporary and spacious and feature premium amenities. The apartments are fully serviced and provide access to all hotel facilities, catering to the growing number of long-stay guests, making Muscat their home.