Club Med Joins Sustainable Hospitality Alliance to Drive Environmental Sustainability in Hospitality Industry

Club Med Joins Sustainable Hospitality Alliance to Drive Environmental Sustainability in Hospitality Industry

By Author

Published on February 11, 2024

Club Med, a leading provider of premium all-inclusive holiday experiences, has taken a significant step towards promoting environmental sustainability by becoming a member of the Sustainable Hospitality Alliance. This partnership underscores Club Med's commitment to fostering sustainability in the hospitality sector and contributing to global efforts for a more environmentally conscious future.

The Sustainable Hospitality Alliance is a global consortium comprising over 50,000 properties and 7 million rooms, dedicated to addressing key challenges affecting the planet and its people. By leveraging Club Med's expertise in sustainable development and innovation, the Alliance aims to advance its mission of creating a responsible and prosperous hospitality sector.

Club Med's longstanding commitment to sustainability is evident in its track record of adopting environmentally friendly practices. With 70% of new or renovated resorts since 2018 built to globally recognized BREEAM standards and many resorts certified under the "Green Globe" program, Club Med prioritizes sustainability in its operations.

The “Bye Bye Plastic” program, which aims to eliminate single-use plastic from Club Med resorts, exemplifies the company’s dedication to environmental stewardship. This initiative aligns with Club Med's vision of providing harmonious and nature-immersed experiences for travelers while minimizing its ecological footprint.

Gregory Lanter, Chief Development, Construction & Property Officer at Club Med, emphasizes the company's commitment to driving sustainability forward. He believes that as a pioneer in the tourism industry, Club Med has a responsibility to support the transition towards a more contributory position in tourism. By joining the Sustainable Hospitality Alliance, Club Med aims to actively contribute to initiatives that promote sustainability and engage with industry peers to exchange insights and best practices.

The Sustainable Hospitality Alliance welcomes Club Med’s membership, recognizing the company’s sustainable credentials and innovative practices. Together, they aim to realize the vision of Net Positive Hospitality, where the hospitality sector gives back more than it takes from the planet and its communities.

About the Sustainable Hospitality Alliance

The Sustainable Hospitality Alliance brings together industry stakeholders to address key challenges affecting the planet and its people, local destinations, and communities. Through practical resources and programs, the Alliance aims to create a responsible and prosperous hospitality sector. Its members include leading hospitality companies such as Choice Hotels International, Marriott International, Hilton, IHG Hotels & Resorts, and others, representing over 50,000 hotels worldwide.

About Club Med

Founded in 1950, Club Med pioneered the all-inclusive holiday club concept, offering carefree vacation experiences in exceptional destinations worldwide. With a focus on upscale experiential vacations for families and active couples, Club Med operates 66 Premium and Exclusive Collection Resorts in 40 countries. The company is committed to sustainability and employs nearly 25,000 employees representing 110 nationalities.


Royal Caribbean Group raises dividend by 33% to $1 per share

Royal Caribbean Group raises dividend by 33% to $1 per share

By Manu Vardhan Kannan

Published on September 14, 2025

Royal Caribbean Group (NYSE: RCL) has announced a significant increase in its shareholder returns, declaring a 33% hike in its quarterly dividend. The company’s Board of Directors approved a dividend of $1.00 per common share, payable on October 13, 2025, to shareholders of record at the close of business on September 25, 2025.

Jason Liberty, President and CEO of Royal Caribbean Group, said the move underscores the company’s confidence in its performance and long-term growth strategy. “Today’s dividend increase reflects both the strength of our performance and our commitment to return capital to shareholders. This increase in dividend, along with our ongoing share repurchase program, highlights our balanced approach to capital allocation, returning value to shareholders while funding future growth,” Liberty stated.

Royal Caribbean Group is a global leader in the vacation industry, operating a fleet of 68 ships across five brands that serve millions of guests annually. Its portfolio includes Royal Caribbean International, Celebrity Cruises, and Silversea, as well as land-based experiences such as Perfect Day at CocoCay and the Royal Beach Club collection. The company also holds a 50% joint venture in TUI Cruises, which manages brands like Mein Schiff and Hapag-Lloyd Cruises.

With a reputation for innovation and guest-focused experiences, Royal Caribbean Group continues to expand its global footprint while maintaining its commitment to responsible and sustainable growth.


Apeejay Surrendra Park Hotels Reports Rs 13 Crore Net Profit in Q1 FY26

Apeejay Surrendra Park Hotels Reports Rs 13 Crore Net Profit in Q1 FY26

By Manu Vardhan Kannan

Published on August 18, 2025

Apeejay Surrendra Park Hotels Limited (ASPHL) announced its financial results for Q1 FY26, recording a net profit of Rs 13 crore. Revenue from operations stood at Rs 154 crore, a 14% increase year-on-year, while operating EBITDA grew 16% YoY to Rs 45 crore. The company maintained an industry-leading occupancy of 92%, reaffirming its leadership in the hospitality sector.

ASPHL’s growth is fueled by expansion into Tier 2 and Tier 3 markets. The company recently signed an MoU to acquire and manage four leisure properties in Goa, Manali, Shimla, and Dharamshala, adding 138 rooms under its brand. These steps align with ASPHL’s strategy to broaden its presence in high-potential tourism destinations and double its key count to 5,750 over the next five years.

Flurys, ASPHL’s iconic bakery and confectionery brand, now operates 102 outlets nationwide, reflecting the company’s focus on expanding its market presence while integrating modern amenities with rich cultural heritage.

Commenting on the performance, Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels, said,

"We have delivered an extraordinary and best-ever Q1, setting a strong momentum for the year ahead. With topline growth of 14% and EBITDA growth of 16%, we recorded India’s highest occupancy of 92% and maintained leadership in RevPAR in the upper-upscale segment. ARR improved by 13% and RevPAR increased by 12%. With nearly 600 new rooms added, including a 41% rise in our asset-light model, and nationwide Flurys rollout, we are poised to scale faster, enhance margins, and deliver exceptional shareholder value."

ASPHL’s strong performance in Q1 FY26 underscores its strategic focus on market expansion, operational excellence, and premium guest experiences.


Marriott Announces Dividend and Expands Share Buyback Plan

Marriott Announces Dividend and Expands Share Buyback Plan

By Manu Vardhan Kannan

Published on August 10, 2025

Marriott International, Inc. has declared a quarterly cash dividend of 67 cents per share on its common stock, reaffirming its commitment to delivering shareholder value. The dividend will be paid on September 30, 2025, to shareholders who are on record as of August 21, 2025.

Alongside the dividend announcement, the hospitality giant also revealed an expansion of its share repurchase program. The board of directors has authorized the repurchase of an additional 25 million shares of its Class A common stock. This comes in addition to the approximately 7.4 million shares that were still available under previous authorizations as of July 30, 2025.

Marriott has already bought back 6.4 million shares this year, amounting to $1.7 billion. These moves reflect the company’s continued confidence in its financial stability and long-term performance, aiming to strengthen shareholder value through strategic capital allocation.

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