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By Author
Published on October 17, 2023
Mark your calendars for the 2024 Africa Hotel Investment Forum (AHIF), the continent's premier tourism and hotel investment conference. Scheduled from June 25 to June 27, 2024, AHIF is set to take place in the beautiful nation of Namibia. This conference attracts prominent international hotel owners, investors, financiers, management companies, and their advisors.
The event will be hosted at Namibia's Mövenpick and Mercure hotels, both of which underwent a complete renovation after being acquired in 2021 by a fund managed by Kasada Capital Management. This fund is a leading independent real estate private equity platform dedicated to the hospitality industry in Africa, and their investment is set to bring a fresh perspective to the hospitality scene in Namibia. Consequently, AHIF will proudly showcase the relaunch of these revitalized properties.
Delegates attending AHIF in 2024 are in for an exceptional experience, combining business with a touch of adventure. The weekend leading up to the conference will include various inspection trips to explore Namibia's top hospitality investment projects and tourism attractions. These include awe-inspiring desert landscapes, thrilling adventure sports, and unforgettable safaris where you can spot endangered black and white rhinos, antelopes, cheetahs, elephants, giraffes, hippos, lions, ostriches, and zebras.
These trips will be more than just educational; they will provide valuable networking opportunities. Delegates from AviaDev, Africa's premier airline route development conference, will also participate. AviaDev is scheduled at the same venue the week before AHIF, making it a strategic opportunity for networking with professionals from both industries.
In the years leading up to the COVID-19 pandemic, Namibia's tourism sector experienced consistent growth. According to the Ministry of Environment, Forestry, and Tourism, visitor numbers grew by an impressive 5% annually, from just under 1.2 million in 2012 to 1.6 million in 2019. However, the pandemic dealt a severe blow to the country's tourism industry, with visitor arrivals dropping below 200,000 in 2020.
Nangula Uaandja, Chairperson and Chief Executive Officer of the Namibia Investment Promotion and Development Board (NIPDB), expressed their excitement about hosting AHIF in 2024. They stated, "Securing the bid to host AHIF 2024 is not just a win for Namibia, but also an affirmation of our national potential. We are delighted to welcome the international hospitality investment community to explore the untapped investment potential of our tourism industry. Namibia is a strikingly beautiful country, with picturesque landscapes that are guaranteed to charm at first sight."
Moreover, Namibia is fully committed to attracting foreign investments that stimulate economic activity and job creation. The government's commitment is evident through their progressive regulatory and policy frameworks, a robust legal system, seamless profit repatriation, and an independent judiciary that safeguards the rights of all investors.
Olivier Granet, Managing Partner and CEO of Kasada Capital Management, expressed his pride in partnering with The Bench on AHIF 2024. He looks forward to welcoming guests to the newly refurbished Mövenpick and Mercure hotels. The extensive refurbishment of these hotel complexes and conference center reflects their strategy of enhancing the hospitality sector in key African cities.
Matthew Weihs, Managing Director of The Bench, which organizes AHIF, shared his excitement about the upcoming event. He mentioned, "We are very excited that AHIF will, for the first time, go to a SADC country next year. Investing in Africa is all about uncovering and seizing new opportunities. To do that, one needs to expand one's horizons by going to different places, meeting new people, and exploring alternative scenarios. By scheduling AHIF and AviaDev on either side of a weekend in Windhoek and offering a selection of inspection trips for our delegates, we aim to do just that, along with providing unrivaled networking opportunities, a vital ingredient for any conference."
The Africa Hotel Investment Forum (AHIF) in Namibia promises not only insights into the hospitality investment sector but also unforgettable experiences exploring the natural grandeur of this stunning nation.
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By Manu Vardhan Kannan
Published on November 9, 2025
Wonderla Holidays Ltd. has announced its financial results for the second quarter and half year ended September 30, 2025, marking its best-ever Q2 performance in company history. The remarkable results highlight record revenues, strong footfall growth, and a sharp increase in profitability.
The company reported a 12% year-on-year rise in footfalls to 5.05 lakh visitors, with total income up 24% YoY at ₹88.52 crore and EBITDA soaring eightfold to ₹7.48 crore.
Parkwise, the company registered footfalls of 1.96 lakh in Bengaluru, 1.92 lakh in Kochi, 0.93 lakh in Hyderabad, and 0.24 lakh in Bhubaneswar, reflecting consistent performance across locations.
Commenting on the results, Arun Chittilappilly, Executive Chairman and Managing Director of Wonderla Holidays Ltd., said,
“This quarter marks a defining moment in Wonderla’s journey, as we achieved our best-ever Q2 performance with record revenues, footfalls, and a sharp improvement in profitability. A 24 percent year-on-year growth in total income and an 8X jump in EBITDA highlight the resilience of our business model and the power of the Wonderla brand.”
He added that the strong results were driven by effective branding and footfall-driving campaigns, alongside enhanced digital sales strategies, which now contribute to half of total bookings. The company’s investments in technology, operational efficiency, and customer convenience have played a vital role in driving this growth.
Chittilappilly also noted that new offerings like “Isle by Wonderla” continue to strengthen guest engagement and diversify the company’s revenue base.
“Looking ahead, we remain excited about the next phase of expansion. Work on our Chennai Park is progressing rapidly, and we’re on track to announce the launch by December 2025. With strong fundamentals, expanding capacity, and a trusted brand, we’re confident of sustaining our momentum and delivering long-term value to both our guests and shareholders,” he said.
With this milestone quarter, Wonderla Holidays continues to reinforce its leadership in India’s amusement park sector through innovation, guest experience, and strategic expansion.
By Hariharan U
Published on October 27, 2025
Wyndham Hotels & Resorts reported its Q3 2025 financial results, showing steady growth across operations and financial metrics. Global system-wide rooms increased 4% year-on-year to 855,400, including 503,400 in the U.S. and 352,000 internationally, while the company awarded 204 new development contracts, up 24% from Q3 2024. The global development pipeline grew 4% to 257,000 rooms, with roughly 70% in midscale and above segments and 58% internationally.
Ancillary revenues rose 18% compared to the same period last year. Net income climbed 3% to $105 million, and adjusted net income reached $112 million, with diluted EPS increasing 5% to $1.36 and adjusted diluted EPS up 5% to $1.46. Adjusted EBITDA grew 2% to $213 million, while global RevPAR declined 5% in constant currency, mainly due to softer results in Asia Pacific and Latin America, partially offset by gains in EMEA and Canada.
Wyndham generated $86 million in net cash from operating activities and $97 million in free cash flow, ending the quarter with $70 million in cash and total liquidity of about $540 million, maintaining a net debt leverage ratio of 3.5x. In October 2025, the company refinanced its $750 million revolving credit facility, extending maturity to 2030, increasing capacity to $1 billion, and reducing borrowing costs by 35 basis points. Shareholder returns included the repurchase of 830,000 shares for $70 million in Q3 and year-to-date buybacks of 2.5 million shares for $223 million, alongside $31 million in dividends.
Looking ahead, Wyndham expects full-year global room growth of 4–4.6%, global RevPAR change of -3% to -2%, fee-related revenues of $1.43–$1.45 billion, adjusted EBITDA of $715–$725 million, adjusted net income of $347–$358 million, and adjusted diluted EPS of $4.48–$4.62, while maintaining a focus on portfolio expansion, strengthening its development pipeline, and delivering consistent shareholder value amid evolving industry conditions.
Published on October 26, 2025
Alaska Air Group reported strong financial results for the third quarter of 2025, posting a GAAP net income of $73 million and adjusted earnings per share of $1.05. The airline’s growth is being fueled by new nonstop routes from Seattle to London and Reykjavik, set to launch in May 2026, and the introduction of the Atmos Rewards loyalty program, which exceeded premium credit card sign-up expectations.
In a major technological upgrade, Alaska Air is installing Starlink high-speed Wi-Fi across its fleet, offering complimentary access to Atmos Rewards members. The company is also progressing with the integration of Hawaiian Airlines and advancing its Alaska Accelerate strategy, aiming for significant growth and profitability by 2027.
Analysts have assigned a Hold rating on ALK stock with a $49.00 price target, citing strong financial recovery but noting bearish technical indicators and increased leverage as potential risks. The airline continues to focus on expanding its global reach and enhancing customer loyalty through strategic partnerships and its Atmos Rewards program.
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