Travel News

followsummer Travel News for September 19


Skift

Accor Launches New Economy Brand Greet

Accor wants to open 300 new Greet hotels across Europe by 2030 as part of an attempt to re-energize the economy segment.

News of the new brand leaked out earlier this year with a story in French newspaper Le Figaro. Since then Accor has opened one hotel, in the Burgundy region of France and has plans for others in cities like Paris and Rennes. The first Greet — styled as greet — outside of France will be in Darmstadt, Germany.

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Airbnb Says It Intends to Go Public in 2020

Airbnb said on Thursday that it intends to go public in 2020, ending much speculation about the timing of one of the most-anticipated IPOs in travel.

The news came after Airbnb said Wednesday it generated revenue of more than $1 billion in the second quarter of its 2019 financial year — the second time in its history it has passed the figure.

The company is preparing to launch a new multi-media advertising campaign featuring a number of its hosts across the United States.

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Accor Launches New Economy Brand Greet

Accor wants to open 300 new Greet hotels across Europe by 2030 as part of an attempt to re-energize the economy segment. News of the new brand leaked out earlier this year with a story in French newspaper Le Figaro. Since then Accor has opened one hotel, in the Burgundy region of France and has plans for others in cities like Paris and Rennes. The first Greet — styled as greet — outside of France will be in Darmstadt, Germany.

READ MORE HERE

Sandals Resorts Explores $4.5 Billion Sale in Booming All-Inclusive Market

Sandals Resorts International, which operates all-inclusive resorts throughout the Caribbean, has restarted an effort to sell itself, according to people familiar with the matter.

With Marriott recently expanding into the all-inclusive market, the sector is clearly having a moment.

What better way to exploit this new attention than by initiating a sales process. Sandals Resorts will be hoping it can secure a high price.

The Jamaica-based company could fetch as much as $4.5 billion in a sale, said one of the people, who asked not to be identified because the matter was private.

READ MORE HERE


 

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