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Tax on tourism comes with share of unknowns for an industry yet to recover from COVID-19

Tourism, which was once a beacon of hope for countries to diversify their economies, has been taking some serious battering since the spread of COVID-19. Its association with aviation, another main casualty of the pandemic, further deepened the scars for a sector that will need years to regain its pre-pandemic number of international arrivals - and with it - spending. While how long is anyone’s guess, preserving a country’s standing in tourism would take more than the pandemic going away and travellers getting back on planes. Akin to any other sector expected to drive diversification efforts, and overall economic growth in the country, tourism must be supported and nurtured to ensure its long-haul survival. COVID-19 has highlighted the importance of tourism, except that such importance is not linked to the number of travellers arriving at or going through a country’s points of entry. Rather, the economic activity that they generate in sectors directly associated with tourism, like hospitality.

Create: Feb 15, 2021 Edit: Feb 15, 2021 International News

Wyndham Hotels & Resorts Reports Fourth Quarter and Full-Year 2020 Results

Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months and year ended December 31, 2020. Highlights include: Diluted loss per share for the quarter was $0.08 and adjusted diluted earnings per share was $0.07; diluted loss per share for the full-year was $1.42 and adjusted diluted earnings per share was $1.03. Net loss for the quarter was $7 million and adjusted net income was $7 million; net loss for the full-year was $132 million and adjusted net income was $96 million. Adjusted EBITDA was $56 million for the quarter and $327 million for the full-year. Global comparable RevPAR for the quarter declined 33% year-over-year; global comparable RevPAR for the year declined 35% year-over-year. System-wide rooms declined 4% year-over-year. Net cash provided by operating activities for the full-year was $67 million and free cash flow was $34 million. Paid quarterly cash dividend of $0.08 per share in fourth quarter, and Board of Directors recently authorized a 100% increase in the quarterly cash dividend to $0.16 per share beginning with the dividend expected to be declared in first quarter 2021. Repaid all remaining revolver credit facility borrowings. “We generated strong adjusted EBITDA and free cash flow in the worst year our industry has ever experienced. At the same time, we strengthened our portfolio with the completion of our strategic termination plan and drove sequential growth in hotel openings and our development pipeline,” said Geoffrey A. Ballotti, president and chief executive officer. “Our non-urban, drive-to economy and midscale hotels, combined with our ongoing investment in sales and marketing, captured rising pent-up leisure travel demand, which continued to produce sequential RevPAR improvements and domestic market share gains for our franchisees over the course of 2020.” Fourth Quarter 2020 Operating Results Revenues declined from $492 million in the fourth quarter of 2019 to $296 million in the fourth quarter of 2020. The decline includes lower pass-through cost-reimbursement revenues of $70 million, which have no impact on adjusted EBITDA, in the Company’s hotel management business. Excluding cost-reimbursement revenues, revenues declined $126 million primarily reflecting a 33% decline in comparable RevPAR and the impact from hotels temporarily closed due to COVID-19, as well as a $15 million decline in license and other fees also reflecting the impact of COVID-19 on travel demand globally. The Company generated a net loss of $7 million, or $0.08 per diluted share, compared to net income of $64 million, or $0.68 per diluted share, in the fourth quarter of 2019. The decrease of $71 million, or $0.76 per diluted share, was primarily due to the RevPAR and license fee declines, as well as excess marketing fund spend, which were partially offset by cost containment initiatives, lower volume-related expenses and the absence of transaction-related expenses. Full reconciliations of GAAP results to the Company’s non-GAAP adjusted measures for all reported periods appear in the tables to this press release. Full-Year 2020 Operating Results Revenues declined from $2,053 million in 2019 to $1,300 million in 2020. The decline includes lower pass-through cost-reimbursement revenues of $273 million, which have no impact on adjusted EBITDA, in the Company’s hotel management business. Excluding cost-reimbursement revenues, revenues declined $480 million primarily reflecting a 35% decline in comparable RevPAR and the impact from hotels temporarily closed due to COVID-19, as well as a $47 million decline in license and other fees also reflecting the impact of COVID-19 on travel demand globally. The Company generated a net loss of $132 million, or $1.42 per diluted share, in 2020 compared to net income of $157 million, or $1.62 per diluted share, in 2019. The decline of $289 million, or $3.04 per diluted share, was primarily due to the revenue decline, impact of the non-cash impairment charges and excess marketing fund spend, which were partially offset by cost containment initiatives, lower volume-related, separation-related and transaction-related expenses and the absence of contract termination expenses. Full reconciliations of GAAP results to the Company’s non-GAAP adjusted measures for all reported periods appear in the tables to this press release.

Create: Feb 13, 2021 Edit: Feb 13, 2021 International News

Angels Landing Partners Advance Plans for $2 Billion Twin-Tower Luxury Hotel Project in Downtown L.A.

Two acclaimed African American developers – Victor MacFarlane of MacFarlane Partners and R. Donahue Peebles of The Peebles Corporation – are doubling-down on their multi-million-dollar effort to bring thousands of new jobs and economic benefits to the nation’s second-largest city as development partners of Angels Landing, their $2 billion twin-tower luxury hotel project in downtown L.A.’s Bunker Hill neighborhood. MacFarlane and Peebles are majority-owner principals of Angels Landing Partners, LLC, the development partnership responsible for conceiving, designing, building, and operating Angels Landing. The partnership was officially selected by L.A. City officials at the conclusion of the city’s competitive bid process in 2017. Their partnership’s intentions are firmly focused on completing construction of Angels Landing before elite athletes, sports officials and tourists worldwide converge in L.A. for the 2028 Olympic Summer Games. Victor B. MacFarlane, chairman and CEO, MacFarlane Partners said, “Angels Landing aligns well with many of the projects we have built in the past 30 years throughout the U.S., including two residential developments recently completed near Pershing Square.” “The foundation of our business has always been to strengthen communities where we do business,” Mr. MacFarlane said. “We believe we can help communities prosper. We know Angels Landing will have a significant positive impact on L.A.’s economy. The ripple effect of Angels Landing’s substantial economic and employment activity will reverberate throughout L.A. County by providing good-paying union jobs to construct our hotel project and extensive career opportunities when the project is completed, and its hotels are open to the public. We have spent more than $10 million to move our project forward. We’re not letting the coronavirus pandemic slow us down. We anticipate our project entitlement this year,” he added. Angels Landing is comprised of two towers, each anchored by its own five-star hotel. In addition to the hotels, the development will feature an expansive modern urban park – known as Angels Landing Plaza – designed to serve as a pedestrian-centered, transit-adjacent, open space environment in the heart of downtown L.A. R. Donahue Peebles, Chairman and CEO, The Peebles Corporation said, “Equity and inclusion are bedrock principles at the Peebles Corporation. My success is predicated on opportunities I received because of those two important tenets. I have built an impressive collection of commercial and residential projects in New York, Washington, D.C., Miami, and other U.S. cities.” “In each city, I’ve been most excited about using my influence to empower Black-owned, Latino-owned, and women-owned business leaders. My company works diligently to help minority-owned enterprises grow their businesses through procurement contracts established through our development projects,” Mr. Peebles said. According to an analysis prepared by BJH Advisors, LLC., more than 8,300 new jobs will be created during Angels Landing’s project design and construction. The New York City-based firm’s report estimates Angels Landing would additionally create more than 800 permanent jobs in downtown L.A. An estimated 500 jobs would be created by vendors in the L.A. County region providing good and services to the two luxury hotels. In addition to new job creation, the BJH Advisors analysis projects Angels Landing would give L.A.’s local economy a $1.6 billion boost and contribute $731 million to local worker’s earnings during its construction. The project would generate as estimated 12 million in recurring tax revenues and $2.4 million annually in local property tax revenues, according to the report. “With Angels Landing, the transformative impact of empowerment and economic inclusion will be felt by an array of businesses, including Latino- and Asian-owned businesses. We have committed to a goal of 30% M/WBE contracting across the board for our project. We’re raising the bar for economic inclusion for development projects in Los Angeles,” Mr. Peebles added. Angels Landing Plaza will frame the angular, multi-level Bunker Hill site as a publicly accessible, privately managed park amenity, establishing it as a vibrant, inviting, and treasured locale for L.A.’s downtown neighborhood residents, weekday commuters, nightlife seekers, tourists, and hotel guests. L.A.’s historic Angel’s Flight funicular will operate on its hillside-climbing route contiguous to the Angels Landing development. “With our commitment to Angels Landing, we are committing to the future of downtown Los Angeles. Despite the millions of dollars expended so far to keep our project on-track, and notwithstanding the strong pandemic-induced recessionary pressures on L.A.’s economy, we continue to push hard to make our plans for Angels Landing a reality. Having recently completed our Park Fifth apartment complex, a two-building development adjacent to Pershing Square, Angels Landing represents our continued faith in the economic future of downtown Los Angeles,” Mr. MacFarlane said. Mr. Peebles said, “2020 was a trying year for nearly every sector in the business world. And the first three quarters of 2021 may be equally challenging. But we’ve faced big challenges in the past and always managed to prevail. The success of our development businesses is a testament to our drive and commitment to build projects that improve the quality of life in the communities where they’re built.” Mr. MacFarlane said, “The economic impact of the coronavirus pandemic has been significant this year. Some of those negative economic impacts, such as lagging job growth, are projected to extend well into 2021. But pessimistic economic indicators and projections have not shaken our resolve to build Angels Landing. We’re making our investment to create new jobs for L.A. area residents. We’re confident Angels Landing will help the L.A. economy rebound and gain strength. Angels Landing will create thousands of jobs that will result in millions of dollars circulating throughout the L.A. region providing a needed boost to small businesses.”

Create: Feb 11, 2021 Edit: Feb 11, 2021 International News

Dubai’s Expo set to boost tourism

Millions of tourists are set to visit Dubai for the delayed Expo 2020, which is set to run from October 1 this year through to March 31 2022. The amusement and attractions industry has been buoyed by the promise of the resulting degree of "normal" business, promised by the director general of the emirate’s Department of Tourism and Commerce Marketing, Helal Al Marri. He asserted last week that the emirate is determined to go ahead with the celebration, despite the spike in infections that has occurred as a result of Dubai opening up to tourism just before Christmas. In fact, Al Marri blamed that spike on a small number of locals ignoring the regulations. “We are confident,” he said, “that we will be ready to make sure that the growth starts this summer, and by Expo in the fourth quarter, we look forward to welcoming the world.” The Expo is one of the world’s biggest organised events. If it goes ahead, it will generate billions in revenue for the government and the tourist industry in general. The infection rate in Dubai has risen four-fold over the Christmas and New Year period, but Al Marri was clear that the blame for this rested with the locals. He said: “We had a 98 per cent compliance and saw no increase in infections, but when that level of compliance dropped by a small margin, we saw the infection rate increase.” Since then, the UAE has been one of the world’s most efficient destinations in the roll-out of vaccinations, with around a third of the entire population inoculated by early February.

Create: Feb 8, 2021 Edit: Feb 8, 2021 International News

Japan 2020 travel surplus down 79% as pandemic hits inbound tourism

Japan's travel surplus in 2020 shrank to nearly one-fifth of the previous year, the first drop since the balance turned into the black in 2015, as international travel bans amid the coronavirus pandemic had a huge impact on the number of inbound visitors, government data showed Monday. The travel balance, which reflects the amount of money foreign visitors spend in Japan versus Japanese spending abroad, tumbled 79.2 percent to 562.1 billion yen ($5.3 billion) from a record 2.70 trillion yen in 2019 since annual comparable data became available in 1996, the Finance Ministry said in a preliminary report. Still, Japan's travel balance in 2020 logged black ink for the sixth straight year. In 2015, the balance saw its first black ink of 1.09 trillion yen since data compilation began in 1996, following a 44.4 billion yen deficit marked in 2014. Since 2011, when a massive earthquake, tsunami and the subsequent Fukushima nuclear crisis in northeastern Japan helped slightly widen a travel deficit to 1.30 trillion yen, the country's annual travel balance had continued to improve until 2019 with a steady increase in the number of foreign visitors. The reporting year's surplus in the current account, one of the widest gauges of international trade, fell 13.8 percent from 2019 to 17.70 trillion yen, its lowest level since 16.52 trillion yen recorded in 2015. It had increased 5.8 percent the previous year. In 2020, the goods trade balance saw a surplus for the fifth consecutive year, jumping almost eight-fold from the previous year to 3.05 trillion yen. The impact of a 15.0 percent decline in imports due to falls in prices of crude oil and other energy resources surpassed that of an 11.4 percent slip in exports amid sluggish demand for Japanese products such as cars and auto parts due to the pandemic. With the poor performance of the travel balance, services trade, which also includes cargo shipping, marked a 3.54 trillion yen deficit, following the first-ever surplus of 124.8 billion yen in 2019. It was the biggest red ink since the 3.81 trillion yen logged in 2012. The primary income balance, which reflects returns on overseas investments, showed a surplus of 20.72 trillion yen, the fourth largest since 1996, despite a 3.2 percent dip from a record 21.40 trillion yen in 2019, the first decline in four years. Many countries have imposed sweeping travel restrictions in response to the global spread of infections after the virus was first detected in China in late 2019. In 2020, 4.12 million foreigners visited Japan, which has promoted inbound tourism as a pillar of its growth strategy for revitalizing regional economies in recent years, plummeting a record 87.1 percent from 31.88 million in the previous year, according to the Japan Tourism Agency. Japan was originally scheduled to host the Tokyo Olympic and Paralympic Games last summer, but they were postponed for a year amid the pandemic. Largely consisting of tourists from China, South Korea and Taiwan, foreign visitors had kept expanding until 2019, when the figure hit a record high for the seventh year in a row. In December alone, Japan posted a current account surplus of 1.17 trillion yen, more than double the previous year's 544.9 billion yen to mark the 78th straight month of black ink. In the month, the country had a goods trade surplus of 965.1 billion yen and a services trade deficit of 343.5 billion yen. Primary income registered a surplus of 649.2 billion yen.

Create: Feb 8, 2021 Edit: Feb 8, 2021 International News

JW Marriott Hotel Shanghai Fengxian opens in China

JW Marriott Hotel Shanghai Fengxian has opened, becoming the fiftieth Marriott International hotel to open in the city. Located on Hangzhou Bay in the Fengxian seaside district, just an hour’s drive south of metropolitan Shanghai, the new hotel promises to be a sophisticated and luxurious. “We are delighted to celebrate the opening of the 50th property in Shanghai, a testament to the phenomenal growth of Marriott International in this region,” said Henry Lee, president, Greater China, Marriott International. “Across Greater China, there are now over 400 Marriott hotels spanning 23 brands in more than 90 cities, indicating our confidence in the strong growth of the travel market in China. “We look forward to expanding our portfolio further, and to offer distinctive and personalized experiences to travellers here.” Fengxian is a suburban district south of Shanghai known for its rustic beachfront areas, national forest park and the old town itself, a popular weekend destination for Shanghai residents. JW Marriott Hotel Shanghai Fengxian overlooks the nearby Jianhai Lake, a wetland that connects Huangpu River and the East Sea. Designed by international design company PLD, the hotel’s style narrative is inspired by its natural surroundings, with its exterior imagined as the legendary Roc bird. Dining options at JW Marriott Hotel Shanghai Fengxian include three distinctive restaurants and a bar, with menus featuring freshly harvested produce from the hotel’s own onsite garden, JW Garden. “We are absolutely thrilled to welcome this new addition of JW Marriott in Shanghai, the fourth JW Marriott to open in this world-class city,” said Jennie Toh, vice president, brand marketing and brand management, Asia Pacific, Marriott International. “With 19 distinctive brands operating in Shanghai, we are poised to offer endless choices and curated experiences for every guest through the breadth of our portfolio.”

Create: Feb 4, 2021 Edit: Feb 4, 2021 International News

Iran setting rules for possible New Year travels

Well-planned travels during the Persian New Year (Noruz) holidays, which will start on March 20, would be possible in close coordination with the National Headquarters for Coronavirus Control, the deputy tourism minister said on Tuesday. In order to create social vitality during the holidays, the ministry has set some rules for possible Noruz trips to control and monitor them carefully, Vali Teymouri said. “The trips will be possible only within the framework of planned tours through licensed travel agencies and under the supervision of the tourism ministry.” For people, who travel individually and outside of the tours, a reservation for an authorized accommodation center will be necessary, the official added. He also emphasized that all travelers and tourists need to follow strict health protocols during their trips and stays. Last March, which is the most bustling and booming period for the tourism sector because it culminates in Noruz, all celebrations were canceled in all 31 provinces across the country, and all museums and historical sites, affiliated with the Ministry of Cultural Heritage, Tourism and Handicrafts went on a lockdown due to the coronavirus pandemic. Last year, before the Persian New year, the tourism minister Ali-Asghar Mounesan asked people to postpone or reschedule tours to help the tourism industry deal with the coronavirus outbreak. “My suggestion to my dear people is that they do not cancel their hotel reservations and domestic tours as far as possible to help the tourism industry and prevent it from bankruptcy by making their reservations in time after the virus is controlled.” Iranians made 74 million overnight stays in their domestic trips during the Noruz holidays two years ago (2019), which showed a 20 percent increase year on year. And some 132 million visits to tourist attractions were registered during the mentioned period, which showed a 34 percent growth year on year, according to data compiled by the Ministry of Cultural Heritage, Tourism and Handicrafts. The Islamic Republic was ranked the third fastest-growing tourism destination in the globe in 2019, with 27.9 percent growth year on year, according to the latest statistics released by the United Nations World Tourism Organization (UNWTO). However, the country expects to reap a bonanza from its numerous tourist spots. Under the 2025 Tourism Vision Plan, it aims to increase the number of tourist arrivals from 4.8 million in 2014 to 20 million in 2025.

Create: Feb 4, 2021 Edit: Feb 4, 2021 Regional News

Saudi Arabia welcomes its first Grand Hyatt hotel

A new hub for business and leisure travellers in Saudi Arabia, Grand Hyatt Al Khobar Hotel and Residences marks an important milestone in Hyatt Hotels Corporation’s Middle East growth strategy. Saudi Arabia’s Vision 2030 initiative – which strives to reduce the Kingdom’s reliance on oil, not least by attracting more international visitors – is a step closer to being realised with the arrival of Grand Hyatt Al Khobar Hotel and Residences. Hyatt’s Middle Eastern expansionThe new property is the sixth Hyatt-branded hotel in the Kingdom of Saudi Arabia and the first from the Grand Hyatt brand. Located in the city of Al Khobar, on the Arabian Gulf, the 368-room hotel is more precisely situated in its commercial and retail heart, conveniently connected by bridge to the Al Rashid Mall. “We are thrilled to open the first Grand Hyatt hotel in Saudi Arabia and we look forward to welcoming guests seeking magnificent moments from this iconic destination,” said Nizar Weshah, general manager at Grand Hyatt Al Khobar Hotel and Residences. “Grand Hyatt Al Khobar Hotel and Residences celebrates these moments and exceeds guest expectations by delivering iconic cuisine, breathtaking design and unparalleled service.” Elevated offeringsInside, an upscale interior design of oatmeal tones, highlighted by bold blue hues, gold accents and flash details from sparkling chandeliers to decorative Islamic geometric patterns, unfurls over a series of dining options, event spaces, a spa and 368 rooms, including 45 suites and 54 residential units. Here, each room boasts views across the city alongside all the usual offerings, including a flatscreen TV, high-speed internet access, and a work desk. All of the suites have access to the Grand Club lounge, a quiet space with culinary highlights throughout the day, while the sprawling 138 sq m Diplomat Suite comes complete with a separate living room, dining area and kitchenette. A dining destination in its own right, there are four options to choose from at Grand Hyatt Al Khobar Hotel and Residences: Ashman, an all-day dining space serving up traditional Levantine cuisine; Sakana House, a steak and seafood spot influenced by Pan Asian culinary traditions; a French patisserie called Rosalie, situated next to the entrance of the mall and providing perfect pre-shopping sustenance; and Grandeur, a 24-hour lobby space, serving up a selection of light meals and beverages, including freshly brewed Arabic coffee. One of Al Khobar’s largest ballroomsThe property’s 2,300 sq m of light-filled meetings and events spaces include the 1,050 sq m Grand Ballroom, one of the largest in the city with capacity for up to 1,400 guests, while downtime can be had in the hotel’s wellness area. Its Nirvana Spa offers a series of treatments across ten rooms, six for women and four for men. There’s also a fully equipped fitness centre, as well as two separate lap pools, relaxation beds, a whirlpool bath, a sauna, a steam room and a Moroccan bath – and for the more active, there’s a squash court. As of now, 120 guestrooms, 20 residences, the all-day dining spot, the lobby lounge, the banquet halls, the spa and the fitness centre are open. The remaining guest rooms, Rosalie and Sakana House will come next in February 2021, before the final residences launch the following month.

Create: Feb 2, 2021 Edit: Feb 2, 2021 International News

Saudi Arabia will begin tracking tourism’s contribution to economy

Saudi Arabia’s statistics authority will begin tracking tourism’s contribution to its economic output, according to a statement on Saturday. The Tourism Establishment Survey will provide data on the industry, including the size of the workforce, pay and revenue and expenditure. This will help calculate tourism’s share of gross domestic product and establish growth rates for activities within the sector, the General Authority for Statistics said. On Thursday, Saudi Arabia’s sovereign fund announced it had formed a company, called Cruise Saudi, to develop a local cruise industry as Crown Prince Mohammed Bin Salman tries to turn the Kingdom into a global tourism destination. Saudi Arabia’s tourism authority announced in December 2020 the launch of the Saudi ‘Arabian Winter’ season designed to attract visitors to more than 17 destinations across the Kingdom. The campaign will run from 10 December 2020 until the end of March 2021

Create: Feb 2, 2021 Edit: Feb 2, 2021 International News

Hyatt Announces Plans for the Addition of Three Story Hotels in Sweden

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into franchise agreements with Story Hotels Holding AB to bring three hotels in Sweden under the JDV Hotel brand, helping to grow Hyatt's independent collection brand in Europe. The three boutique hotels – Story Hotel Riddargatan and Story Hotel Signalfabriken in Stockholm, as well as Story Hotel Studio Malmö, Sweden – will all retain their individual hotel names and unique identities. The three Story Hotels will be available for reservation through Hyatt's booking channels and for World of Hyatt members to earn and redeem points for stays starting April 1, 2021. Hyatt's independent collection portfolio is a collection of brands that not only embrace the locations in which each hotel resides, but serve as a gateway to some of the most sought-after destinations worldwide. Each property brings a sense of place to the guest experience in new and unforgettable ways. "We are very excited to bring these three Story Hotels in Europe under Hyatt's JDV Hotel brand portfolio and at the same time grow the Hyatt hotel footprint in Sweden," said Felicity Black-Roberts, vice president development for Europe at Hyatt. "We are focused on thoughtful growth in locations that meet our guests and members needs, and the upcoming addition of three Story Hotels help us fuel this growth in markets like Scandinavia, as we collaborate with owners who want to maintain each property's unique identity. With their strong design focus and neighborhood feel, Story Hotels will be the perfect representation of Hyatt's independent collection in Europe." Story Hotel Riddargatan, Story Hotel Signalfabriken and Story Hotel Studio Malmö are ideally located at the heart of their destinations and each will celebrate the unique neighborhoods in which the properties reside. With modern, Scandinavian design that reflects the edgy nature of both cities, the hotels will offer amenities for both business and leisure travelers. "It was clear at an early stage that Hyatt and Story Hotels had a very similar vision of how modern upscale living should look and feel," said Staffan Åkerlind, CEO Story Hotels. "We are thrilled to introduce the JDV Hotel brand to Europe and Scandinavia and, we are proud to be working with such an experienced, international hospitality company like Hyatt. We look forward to leveraging their experience to offer excellent service to our guests and benefit from their global scale and distribution platform." All three hotels will feature individually designed boutique guestrooms, vibrant public spaces and food and beverage offerings popular with both visitors and locals alike. Boutique in size as a reflection of their urban locations, each hotel will offer complimentary access to local gyms during their stay. Story Hotel Riddargatan, Stockholm An 83-room property widely believed to be one of Stockholm's original boutique hotels, the Story Hotel Riddargatan will have an industrial design to represent the building's former life as an apartment complex, barber shop and garage. The property is centrally located in the Östermalm area with easy access to vibrant neighborhood restaurants, cafés and bars as well as the high-end shopping district. The hotel will also feature a restaurant, Ling Long, specializing in Southeast Asian cuisine, and one indoor and one outdoor bar. Story Hotel Signalfabriken, Stockholm Story Hotel Signalfabriken will feature 83 individually designed guestrooms and a vibrant bar and restaurant, which will host regular DJ performances. Formerly a fire station and town hall, this listed property in Sundbyberg's Torg neighborhood will attract business travelers with meetings in the surrounding areas of Solna, Bromma and Kista. Leisure guests will enjoy the small town feel and abundance of restaurants nearby with quick access to Stockholm's city center in less than ten minutes via the nearby tram, bus and subway lines. Story Hotel Studio Malmö Story Hotel Studio Malmö will feature 95 unique guestrooms, all creative and playful in their design to reflect the young and vibrant population of the city. Situated on the top floors of a high-rise building, the hotel offers spectacular views overlooking the city and water. The hotel is part of the mixed-use STUDIO building, which also houses conference and meeting facilities, corporate offices, retail outlets, several restaurants and a café. With its unique waterside location at Universitetsholmen, and close proximity to Malmö's central station, guests can easily explore the city, and nearby Copenhagen via a 35-minute train ride. The hotel's restaurant and cocktail bar, Kasai in the Sky, will deliver food and drink on Malmö's highest outdoor terrace with views of the ocean and city skyline. Story Hotel Riddargatan, Story Hotel Signalfabriken and Story Hotel Studio Malmö are expected to increase the number of Hyatt hotels in Sweden to four, following the 2020 opening of Stockholm's Hotell Reisen, which is part of The Unbound Collection by Hyatt brand. Fueled by guests' growing desire for unique, differentiated experiences that foster genuine connections with people and cultures, Hyatt recently announced its intention to grow by more than 30 percent in Europe, with a significant focus on developing the footprint of its lifestyle brands.

Create: Jan 29, 2021 Edit: Jan 29, 2021 International News

Hyatt Signs With ESTMA HPT OU for First Hyatt-Branded Hotel in Estonia

Hyatt announced today that a Hyatt affiliate has entered into a management and related agreements with ESTMA HPT OU for the first Hyatt-branded hotel in Estonia, Hyatt Place Tallinn. Expected to open in early 2023, the 168-room select service hotel will be located near the Old City Harbor, one of the busiest passenger ports in Europe. Situated in Estonia’s capital and cultural hub, Hyatt Place Tallinn will be near Tallinn’s picturesque Old Town, which is recognized as an UNESCO World Heritage site. The surrounding neighborhood is set to undergo a large-scale renewal project and once complete, is expected to bring more business and entertainment experiences to the area. The Linnahall, a former sports and cultural venue, is included in this revitalization project and will be converted into a concert hall and conference center near the planned location of Hyatt Place Tallinn. “We are thrilled to announce plans for the first Hyatt-branded hotel in the Baltics as we continue to prioritize thoughtful growth in locations that matter most to our guests, World of Hyatt members, customers and owners,” said Takuya Aoyama, vice president of development for Europe and Africa, Hyatt. “Hyatt Place Tallinn will cater to the growing leisure and business demand in Estonia and deliver seamless experiences to help guests get the most out of their stay.” In addition to offering 168 guestrooms, Hyatt Place Tallinn will feature the Zoom restaurant and a lobby bar, a fitness center and flexible event spaces. Hyatt Place Tallinn’s central location, modern facilities, and flexible service offerings will be particularly suited for visitors seeking approachable, unexpectedly elevated experiences through thoughtful and intuitive design. “We look forward to collaborating with Hyatt on Hyatt Place Tallinn,” said Galina Ignatenko, owner of ESTMA HPT OU. “As the largest city and the capital of Estonia, Tallinn has established itself as a dynamic and entrepreneurial destination for travelers across Europe, making it a natural fit for the Hyatt Place brand.” Hyatt Place Tallinn will join the growing Hyatt Place portfolio in Europe, which currently includes Hyatt Place London Heathrow Airport, Hyatt Place West London Hayes, Hyatt Place Amsterdam Airport, Hyatt Place Frankfurt Airport, Hyatt Place Yerevan and Hyatt Place Paris Charles de Gaulle Airport. Additional Hyatt Place hotels under development in European destinations include Hyatt Place Cannes, Hyatt Place Rouen, Hyatt Place Krakow, Hyatt Place Zurich Airport The Circle and Hyatt Place London City East.

Create: Jan 27, 2021 Edit: Jan 27, 2021 International News

Wyndham Partners With The Thrash Group to Add Seven Hotels Managed by Charlestowne Hotels

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across 90 countries, today announced plans for further growth with seven new hotel franchise agreements for its namesake, upscale, Wyndham :registered: brand in the U.S. The hotels are owned by national hotel development company, The Thrash Group, and managed by Charlestowne Hotels. The properties include The Thrash Group’s Origin Hotel Collection, consisting of five lifestyle hotels as well as one historic hotel and a brand new construction hotel all of which will operate under the Wyndham umbrella. “We are thrilled to welcome the Thrash Group to Wyndham. Now more than ever hotels can benefit by working with a brand that travelers know and trust that can generate more visitors to an owner’s property,” said Chip Ohlsson, chief development officer, Wyndham Hotels & Resorts. “Our global sales, marketing and loyalty teams are looking forward to helping more travelers discover these award-winning hotels in historic and sought-after leisure destinations across the country.” “Uniting these hotels under the Wyndham name will help us simplify the operations of our hotels, reduce our costs by leveraging Wyndham’s negotiated discounts with suppliers, and connect us to the award-winning Wyndham Rewards loyalty program,” said Ike Thrash, founding partner, The Thrash Group.

Create: Jan 27, 2021 Edit: Jan 27, 2021 International News