Global Luxury Hotel News

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• June 2024: Saudi Arabia unveiled the 'National Semiconductor Hub' as a strategic move to bolster localization. Following the launch of this ambitious initiative, the country aims to host approximately 50 semiconductor design firms by 2030.
• July 2023: Event Lab Middle East, in partnership with MDLBEAST, launched its inaugural Event Essentials Workshops. The initiative aims to equip businesses in the MICE market with insights from the country's youth and professionals, fostering a sustainable future.

• In January 2024, Compass Group PLC, a leading global food service company, acquired CH&CO, a premium contract and hospitality service provider in the UK and Ireland, for an initial enterprise value of GBP 475 Million (USD 600 Million).
• In May 2023, Aramark, a global leader in food, facilities management, and uniforms, entered a new national brand agreement with Bean Sprouts, a hip and healthy national café chain with a unique and whimsical focus on children.

• In February 2024, IHG and Yuvaan Developers Private Limited announced a management agreement for the Holiday Inn Guwahati in Northeast India. The recently constructed 150-key hotel represents a major step forward for IHG's expansion plan in secondary markets, in keeping with the nation's increasing demand for high-quality branded accommodation.
• In February 2024, The Ritz-Carlton Dallas officially debuted as the newest property to join The Ritz-Carlton's global network of more than 110 hotels and resorts.

• March 2023: Accor's Mercure Hotels brand is continuing its strong expansion in Romania with the signing of a site in the capital city of Bucharest. The 40-key hotel will operate in a fully refurbished building on Dimitrie Cantemir Boulevard, close to Unirii Square and the old city center. Amenities will include a restaurant, a bar, and a conference room, which is divided into two separate meeting rooms.
• November 2022: JW Marriott Bucharest Grand Hotel upgraded to Contactless Mobile Access and Enhanced Guest Security With ASSA ABLOY Global Solutions. Luxury Romanian hotel destination leveraged future-proof door lock technology to seamlessly and affordably replace magtripe locks with the latest in RFID and digital key functionality.

• January 2023: International Campus acquired five student apartment blocks from Allianz Real Estate and CBRE Investment Management. This acquisition was one of the largest transactions of an International Campus in German Speaking region. The properties are in Berlin, Frankfurt, am Main, Hanover, and Vienna.
• November 2022, Berlin-based Catella Residential Investment Management GmbH (CRIM) sold two centrally located fully-let residential and student housing assets in Warsaw and Krakow in Poland to institutional investors in Austria and the Netherlands for more than USD 65.38 million on behalf of Munich-headquartered AIFM platform Catella Real Estate AG (CREAG).

• December 2022: Hilton Announced Continued Expansion of Waldorf Astoria Hotels & Resorts in the Caribbean and Latin America by signing a new hotel in San Miguel de Allende, Mexico.
• October 2022: Marriott International to acquire a city express brand to fuel growth in the affordable midscale segment.

• June 2024: Saudi Arabia unveiled the 'National Semiconductor Hub' as a strategic move to bolster localization. Following the launch of this ambitious initiative, the country aims to host approximately 50 semiconductor design firms by 2030.
• July 2023: Event Lab Middle East, in partnership with MDLBEAST, launched its inaugural Event Essentials Workshops. The initiative aims to equip businesses in the MICE market with insights from the country's youth and professionals, fostering a sustainable future.

• In January 2024, Compass Group PLC, a leading global food service company, acquired CH&CO, a premium contract and hospitality service provider in the UK and Ireland, for an initial enterprise value of GBP 475 Million (USD 600 Million).
• In May 2023, Aramark, a global leader in food, facilities management, and uniforms, entered a new national brand agreement with Bean Sprouts, a hip and healthy national café chain with a unique and whimsical focus on children.

• January 2024: Easterseals Florida announced the launch of STEAM summer camps. STEAM stands for science, technology, engineering, arts, and math, and it’s part of Easterseals’ new private school summer enrichment program. The STEAM summer camps at Easterseals will kick off in June of 2024, with registration set to open in the spring of 2024.
• January 2024: Youth recreation summer camp registrations began at UC Berkeley. Here, students will learn new skills and develop leadership, teamwork, and strategy skills in a cutting-edge, inclusive, and esports-focused environment. It will include competitive, organized video games and much more fun and learning activities.

• In December 2023, Expedia Group launched a few new and extended travel partnerships around Europe. New partnerships include Ryanair, Icelandair, Iberia Airlines, and Deutsche Hospitality.
• In December 2023, BCD Travel partnered with Colourful Earth and the Global Sustainable Tourism Council (GSTC). The partners will jointly introduce the "Sustainable Business Travel Strategy Guide" and a range of training courses targeted at corporate clients, their travel managers, and sustainability experts.