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Carlson Will Take Full Ownership of Carlson Wagonlit Travel

Carlson Will Take Full Ownership of Carlson Wagonlit Travel

Carlson announced that it has entered into a definitive agreement to acquire from JPMorgan Chase & Co. (JPMC) the 45 percent equity interest JPMC indirectly holds in Carlson Wagonlit Travel (CWT). As a result of this acquisition, Carlson will own 100 percent of CWT. Financial terms of the transaction were not disclosed. The transaction is expected to close in July 2014, subject to customary closing conditions. “We are pleased with the momentum, growth, and results realized by the management team at CWT. This acquisition, along with our ongoing investment in Carlson Rezidor Hotel Group and its family of brands, helps solidify our long-term direction for the company,” said Carlson President and CEO Trudy Rautio. “We have benefitted from a long relationship with JPMorgan Chase & Co. and will continue to work with them in the future.” CWT, which specializes in business travel and meetings management, works with clients to respond to the complexities and challenges of business travel management while addressing the needs and expectations of travelers. CWT employs nearly 19,000 people worldwide spanning more than 150 countries and territories. In 2013, CWT generated traffic of $26.9 billion.

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The New Cambria Targets Gen Y, Business Travelers

The New Cambria Targets Gen Y, Business Travelers

Fresh from the recent announcement of Cambria Suites’ new positioning and visual identity, Michael Murphy, SVP of upscale brands for Choice Hotels, details some of the thinking behind the move. Why did the company decided to undergo this new positioning for Cambria? Before you have a unique value proposition, you have to go find out what is the size of the possible market and what does the consumer want. That took 18 months of research. In the short term, that consumer is what we call the medium-frequency business traveler. For weekdays, it’s five to 19 nights per year. I compare them to the zone fours and zone fives in the airlines. We call that unloved, unattached, and up for grabs. There’s as many medium-frequency room nights in the upscale tier for a weekday as there are with frequent business travelers. Now, if there there’s a way you can come up with a brand that has the positioning, operations, and design that supports targeting those consumers, it’s a home run. Secondly, hitting us like a tsunami, we expect in four years millennials will be 30 percent to 40 percent of business travel. We went out and talked to medium-frequency travelers and ...

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Starwood to Double Luxury Portfolio in China

Starwood to Double Luxury Portfolio in China

NEW YORK—On the heels of the International Luxury Travel Market in Shanghai, Starwood Hotels & Resorts Worldwide today announced that its luxury portfolio, comprised of the St. Regis, The Luxury Collection, and W Hotels brands, will open four new hotels in China by the end of 2014, including The St. Regis Chengdu; The Azure Qiantang, a Luxury Collection Hotel, Hangzhou; The Castle Hotel, a Luxury Collection Hotel, Dalian; and W Beijing – Chang’an. “The rapid growth of Starwood’s luxury brands in China reflects a robust demand for high-end hospitality from an increasingly affluent market, where domestic travel continues to thrive,” said Paul James, global brand leader, St. Regis, The Luxury Collection and W Hotels Worldwide. “This year, we are thrilled to open four luxury hotels in distinct Chinese destinations for a new generation of global guests, who are more often traveling across our luxury portfolio.” This year, Starwood is on track to open more than 20 hotels across its nine brands in the region, including four openings from its luxury portfolio. In the past three years, Starwood doubled its luxury footprint in China, and the figure is expected to double again by the end of 2015. W Hotels, which made ...

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IHG Opens First Even Hotels Property in Norwalk, Conn.

IHG Opens First Even Hotels Property in Norwalk, Conn.

ATLANTA—InterContinental Hotels Group today announces the opening of its first Even Hotels property in Norwalk, Conn. Even Hotels is IHG’s newest lifestyle hotel brand, created to meet the growing need of travelers to stay healthier and happier away from home. Even Hotels was designed with wellness built in; it’s in the brand’s DNA. From the moment travelers enter the hotel lobby and walk past a wall of fresh, flowering plants, the Even brand takes guests on a wellness journey, helping them eat well, rest easy, keep active, and accomplish more. “Today is truly a milestone for IHG as we announce the opening of our first Even Hotels property in Norwalk and prepare to open our second in Rockville, Md., later this month,” said Kirk Kinsell, president, the Americas, IHG. “We know that for the traveling public, the ability to maintain their health routine while on the road is becoming more and more important and Even Hotels provides the tools and encouragement to make healthier choices while on the road at an approachable price point.” The Even Hotels Experience—It’s a Healthier Way to Travel A calming, open design sets the tone for a restful environment that is essential to maintain balance. ...

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Radisson Blu Remains Europe’s Largest Upper Upscale Hotel Brand

Radisson Blu Remains Europe’s Largest Upper Upscale Hotel Brand

BRUSSELS—Radisson Blu maintains its pole position as Europe’s largest upper upscale hotel brand—both in number of hotels and number of rooms in operation, as per the 2014 European Top 10 Hotel Brand Ranking by MKG Hospitality. The ranking includes 28 countries within the European Union. Radisson Blu expands to 177 hotels and 41,247 rooms in Europe. “We are proud to keep our market leading position in Europe, where upper upscale segment is highly competitive. We take great pride in our Scandinavian heritage, having brought to the world its very first designer hotel styled by legendary Arne Jacobsen. The brand has today become a key global player—in fact, Radisson Blu is the largest upscale brand in more than 10 European countries, signaling our strong foothold,” commented Eric De Neef, executive vice president and chief commercial officer at the Rezidor Hotel Group. Radisson Blu is one of the core brands of the Carlson Rezidor Hotel Group, and is present in major cities and at prime locations. Europe is Radisson Blu’s heartland featuring flagships like the Radisson Blu Hotel, Berlin with the world’s largest indoor cylindrical aquarium in the lobby; the Radisson Blu Waterfront Hotel & Congress Center Stockholm, one of Sweden’s most ...

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