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The travel and tourism sector's deal activity in January 2023 was affected by challenging global economic conditions and their implications, according to a report by GlobalData, a data and analytics company.
The report revealed that 38 deals, including mergers and acquisitions, venture financing, and private equity deals, were… read more
Radisson Hotel Group is bringing its luxury lifestyle brand, Radisson Collection, to Abuja, Nigeria's capital city and governmental powerhouse. Radisson Collection Hotel & Conference Center, Abuja Nigeria marks the Group's 9th hotel and 3rd Radisson Collection in the country, placing… read more
In late November 2022, OpenAI unveiled ChatGPT to the world, calling
it a trained model that interacts in a conversational way. I’m sorry if
the title of this article misleads you, but heads up, this is not an
article about ChatGPT. It’s an article about how conversational bots
based on Large Language Models (LLMs) can shape the future o… read more
We began the year by reviewing some of the fundamental principles of a
successful tourism business or industry. Tourism is multifaceted and
despite the fact that there is no one form of tourism many of the
industry’s basic principles hold true no matter in which aspect of the
travel and tourism industry one works. Despite our cultural, l… read more
The disclosure marks the first corporate action by Capital Hotels since it was acquired by 22 Hospitality Limited in late September.
Sheraton Abuja Hotel will henceforth be known as Abuja Continental Hotel, its owners, Capital Hotels Plc, announced the name change in a regulatory filing seen by PREMIUM TIMES on Thursday.
… read more
If you’ve scanned through the top news stories of the last few
months, you’re likely well acquainted with the post-pandemic elephant in
the room: record-high inflation. As expected, the collective (and
prolonged) halt of global economies, the subsequent critical supply
chain disruptions, and the ongoing war in Ukraine has placed signific… read more
African Bush Camps is opening a new camp on the popular Khwai wildlife concession along the banks of the Khwai River near Moremi National Park in Botswana. Khwai Tented Camp will open in mid-2023, welcoming up to 16 guests.
With sturdy canvas walls and roof, each unit -- six doubles and one family tent -- will feature en suit… read more
Kasada, the leading independent real estate private equity platform
dedicated to hospitality in sub-Saharan Africa, announced today that it
will build a new dual-branded hotel in Abidjan within the largest
retail-led mixed-use development currently being developed by HCCP. The
complex, scheduled to open in 2024, will seek to be certified… read more
Middle East & Africa was the only world region to show an
increase in overall hotel pipeline activity at the end of the fourth
quarter, according to December 2022 data from STR.
December 2022 (% changes in comparison with December 2021)
Europe
… read more
Meliá Hotels International, the leading hotel company in Spain,
continues to grow internationally with the addition to its portfolio of
its first hotel in the Seychelles. This is a new milestone for the
company with its debut in a new superior-quality destination which
offers travellers unique travel experiences.
The Meliá … read more