Issue 10: 16th March 2015

    0

    Accor moots third-party distribution

    The global hotel operators told delegates at this year’s International Hotel Investment Forum in Berlin that they would use online travel agents to acquire new guests, but would fight to retain them direct. At Accor, the company said it was willing to consider adding unbranded hotels to its system, to bolster its portfolio and keep [...]
    0

    Priceline bolsters war chest

    The Priceline Group has announced plans to raise a war chest of USD1.3bn, as it looks to continue to dominate the online travel market ahead of rival Expedia Inc. In the wake of Expedia’s recent announcement of its intent to purchase Orbitz Worldwide, speculation has linked a number of possible major companies to a bid [...]
    0

    Mandarin Oriental suffers card breach

    Mandarin Oriental has confirmed credit card breaches at a number of its hotels in the US and Europe. The group said that incidents of this nature were “increasingly becoming an industry-wide concern” as it removed malware from its systems. Mandarin Oriental said that it had identified and removed malware in a number of its credit [...]
    0

    Fosun gives Thomas Cook China boost

    Fosun International has continued to invest in Europe with the GBP91.8m acquisition of a 5% stake in Thomas Cook. The company, which recently bought Club Med, said that the deal would give Thomas Cook access “to the fast-growing Chinese tourism market”. The pair described the move as a “strategic partnership” and said that it would [...]
    0

    Hotels harvest Apple

    The hospitality sector has continued to show its enthusiasm for Apple products, with both Marriott International and Accor both announcing new services alongside the computing group. The pair join Starwood Hotels & Resorts, which last year announced an app for the Apple Watch which would allow it to be used as a room key. At [...]