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By Craig Karmin The Wall Street Journal Tues., Aug. 14, 2018 A London-based company that owns and operates dozens of famous hotels, from the Cipriani in Venice to the Copacabana in Rio de Janeiro, is up for sale after years of rebuffing its many suitors. The move by Belmond Ltd. to explore the market now is the latest sign that luxury travel is booming after an extended downturn, when many leisure travelers and businesses shunned paying up for high-end accommodations. Belmond said in a U.S. securities filing last week that it has initiated a “comprehensive review of strategic alternatives” including “a possible sale.” While the company could decide not to sell the entire firm, or could instead sell individual properties or even nothing at all, the market reacted as if a sale of the company were the probable outcome. Shares of Belmond have surged about 40% on the New York Stock Exchange since the news was made public. They closed on Monday at … [Read more...] about Owner of luxury hotels is looking for a buyer after years of spurning offers
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Costco will now let you book luxury hotels for discounts of up to 30% — here’s how it works
caption Costco Travel allows members to book luxury hotels at lower prices than competitors. source Costco Costco Travel now offers discounts on luxury hotels like the Waldorf Astoria and Park Hyatt, the Wall Street Journal reported. Costco members can save up to 30% compared to hotel rates booked through other travel sites. We put Costco Travel to the test to see if it could really offer cheaper rates compared to competitors like Expedia and Priceline. Costco Travel has long been a go-to for bargain hunters looking for a getaway, offering its members discounted rates on rental cars, cruises, and vacation packages. Now, in addition to vacation packages, Costco is offering deals on stays at luxury hotels like Fairmont and Waldorf Astoria. The Wall Street Journal recently reported that Costco members can now save 10% to 30% off hotel rates depending on the dates and destination. We put … [Read more...] about Costco will now let you book luxury hotels for discounts of up to 30% — here’s how it works
Ritz-Carlton hotel set to open next year
Ritz-Carlton hotel set to open next year Iris Gonzales (The Philippine Star) - March 26, 2018 - 12:00am MANILA, Philippines — The world famous Ritz-Carlton hotel brand is coming to the Philippines as early as next year as part of Resorts World Manila’s aggressive hotel expansion, an official said last week. “Next year, we will be rebranding The Maxim’s into Ritz Carlton,” Resorts World chief operating officer Stephen Reilly said during the recent Asean gaming summit. Reillly’s announcement confirms an earlier STAR report that tycoon Andrew Tan’s group will bring the finest luxury hotel brand into the country. The STAR earlier reported that Tan would rebrand the existing Maxims Hotel, an all suite accommodation at Resorts World Manila and redevelop it into Ritz-Carlton Manila. Reilly said the time is ripe to bring in new brands in the country especially famous brands because Filipinos love … [Read more...] about Ritz-Carlton hotel set to open next year
Long before Ian Schrager and Philippe Starck, Cesar Ritz lent lustre to a luxury hotel
By Shinan Govani Star Columnist Fri., March 23, 2018 Was César Ritz the first “influencer,” as goes the sobriquet these days? A merchant of dreams during the final gasp of the Victorian age, he was not only the sirer of a new cosmopolitanism, as depicted in a saucy just-out double-biography Ritz & Escoffier: The Hotelier, The Chef, and the Rise of the Leisure Class, but also the harbinger of something we almost take for granted now: hotels as “lifestyle” and food as pop culture. Long before Ian Schrager and Philippe Starck fast-tracked the arrival of “boutique hotels,” or an eager Isadore Sharp unwrapped the Four Seasons brand in Toronto, or the merger irretrievably gelling between lodging and the worlds of fashion and film (Versace and Armani, say, putting their names on hotels or feverish director Baz Luhrmann being recruited to do the creative on the buzzy Faena Hotel in Miami Beach), there was César Ritz. … [Read more...] about Long before Ian Schrager and Philippe Starck, Cesar Ritz lent lustre to a luxury hotel
10 luxury hotels around the world where the ultra rich love to stay
There are hotels, and then there are luxury hotels favored by the ultra rich. The Bellagio and Caesars Palace are surprisingly popular with the world’s richest people. The two Las Vegas hotels also happen to be the most affordable hotels on the list. Rich people don’t skimp on luxury when they travel. In fact, they demand it. That’s an obvious takeaway from New World Wealth‘s latest report, which identified the most popular hotels around the world among the ultra rich – those with a net worth exceeding $10 million. New World Wealth interviewed several top-end travel agents and tracked movements and trends of wealthy people in the media to find out which hotels were most frequented by the 1% throughout 2017. Below, we’ve included average weekend nightly rates at each hotel for comparable basic rooms and suites. All figures come from Expedia and exclude any daily resort fees. Check out … [Read more...] about 10 luxury hotels around the world where the ultra rich love to stay