There are at least a few industries where the price of the product is totally or substantially disconnected from the cost of production. Oil is a good one, for instance. Even though low prices eventually tend to choke off “new” supply (exploration and drilling), countries dependent on oil revenue generally keep on pumping to make up in volume what they lose on price.
IHG executives detail relaunch of luxury Regent brand
Seven months after acquiring a 51% stake in Regent Hotels & Resorts from Formosa International Hotels Corporation, InterContinental Hotels Group executives on Thursday unveiled the first look at the brand’s relaunch, in conjunction with the Hotel Investment Conference Asia Pacific.
IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has announced a Multiple Development Agreement (MDA) with existing partner GS Star GmbH (GS Star) to bring 15 avid® hotels to the German market.
Under Pressure, Airbnb Adjusts Pricing Model Across EU
Following a call from the European Commission and European Union consumer authorities to align its terms and conditions with EU consumer rules and to improve pricing transparency, Airbnb has initiated several changes to its services.
Hosted by the Luxury Hotel Association, the eighth annual INSPIRE conference brings experts in upscale together to share, learn and improve their guests' experience. The two-day event will feature comprehensive strategies for improving luxury hotel operations.
HTIS in Dubai is an executive platform to discuss the key industry challenges of hoteliers to find technology related solutions to boost their Average Daily Rate (ADR), Revenue per available room (RevPAR), and the occupancy of the hotel.