Ritesh Agarwal, founder of the fast-growing India-based hotel startup Oyo, has arranged a $2 billion stock buyback that reportedly will triple his stake to about 30%. SoftBank Corp. of Japan is the largest investor, with approximately 45% ownership.
Fourteen developers have submitted proposals to the Milwaukee Bucks for two hotel projects the NBA team plans to undertake near its downtown arena, Fiserv Forum. A master plan calls for six to eight buildings, including offices and apartments, covering 30 acres.
Technology and loyalty anchor the growth strategy of Hilton Hotels, CEO Chris Nassetta says. Investment in the former includes the recent launch of tech-driven business meeting rooms, while Hilton Honors has been boosted by partnerships with such brands as Lyft and Foursquare.
Guests in Fort Lauderdale, Fla.'s Ritz-Carlton, W Hotel and others were evacuated Thursday after a contractor broke a water main, cutting off water to a wide swath of the city for 24 hours or more. The Waldorf-branded Boca Raton Resort, further north on the Atlantic Coast, offered discounts to evacuees.
Hotels such as London's Autograph-branded Bankside and Dorsett City feature local photography rather than more random paintings and artwork to add a welcoming sense of place and distinctiveness to their properties. "We live in an Instagram world, and photos are much better than more traditional art media at instantly and contemporaneously capturing the culture, atmosphere and spirit of a local community," Richard Bursby says.
The House boutique hotel in Barbados offers arriving guests champagne and a 30-minute jet-lag revival massage in their suite as one way of going far beyond the welcoming touches of fruit or swan-shaped towels. "Luxury guests like thoughtful and meaningful travel and spaces; it's all about the experience in the hotel, not just the television in the room," says Sangeeta Sadarangani of Crossing Travel, who recommends personalized, distinctive amenities.
Travel is one of the nation's best-growing sectors, adding 12,200 positions in June, the 10th increase in 12 months. Such positions made up 6.1% of total nonfarm jobs added for the first half of year, with lodging and airlines topping the sector.
Once primarily the purview of bed-and-breakfasts, guest books are making a comeback as a way of "making a hotel seem less transitory, and assimilating yourself into the history of a place and into a community of users and inscribers," history professor Kevin James says. Some hotels leave books with inspirational prompts in each room, while Moxy Hotels and others encourage guests to "sign" a digital guest book via Instagram, and Baccarat Hotel New York has displayed 255 guest books from 1764 to 2019.
A Bogota, Colombia, man flying into Barcelona, Spain, looked nervous -- no doubt because the out-size toupee under his hat was not-so-cleverly topping $34,000 worth of cocaine taped to his head. "There is no limit to the inventiveness of drug traffickers trying to mock controls," the police statement read.
The global marketplace is diverse and businesses embracing this diversity are finding success, Angela Hood writes. She emphasizes openness and planning in a successful business strategy that reflects its diverse customer base and attracts potential employees.