Allegiant, the budget airline, plans to build a $470 million resort in Florida. Sunseeker Resorts Charlotte Harbor will open next year with 180 extended-stay suites and 500 guest rooms.
India's Tata Group and Singapore-based GIC reportedly have launched a joint venture to invest approximately $600 million in Indian hotels struggling with poor performance and debt. The properties would be managed by Indian Hotels Co., operator of the chain hotels owned by Tata, one of the country's largest conglomerates.
An interview with Jean-Francois Ferret, CEO of Small Luxury Hotels of the World, covers topics ranging from the key role of travel agents to the future importance of water in wellness accommodations. Ferret is upbeat about a brand boasting more than 500 luxury hotels in more than 80 countries.
The popularity of select-service hotels will continue, and oversupply doesn't pose a foreseeable threat, hoteliers asserted at the recent Meet the Money 2019 conference. "[I]t's the replacement of the '80s and '90s when they were building big Hiltons and Marriotts in the suburbs, and they can't do that anymore, no one will finance that," Chris Dobbins of InterContinental Hotels Group says.
Large group bookings for events in major markets cushioned a first quarter that fell short of expectations overall, executives of hotels and real estate investment trusts related in a round of reports. Some companies, such as Wyndham Hotel Group, bucked the trend with strong performances.
Peer hiring is instrumental in achieving the remarkably low staff turnover rate at The Langham in Melbourne, Australia, Managing Director Andrew Jessop says. "Applicants are not intimidated, they already have a friend when they start work, and the person on the hiring panel learns interviewing skills," he says.
Leading taxpayer advocate and president of the National Taxpayers Union, Pete Sepp, said Congress should look for other ways to fund road and bridge repairs, instead of diverting airline taxes for other uses. "The total government burden on an airline ticket is now exceeding an average of 20%," he said. "That's a higher tax rate than most middle-class travelers will pay on their 1040 tax return."
Pittsburgh International Airport was approved for an additional $2.9 million in spending, in conjunction with its $1.1 billion modernization plans. The funds will be used toward the construction of a building for ticketing, security and baggage claim.
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