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By Author
Published on November 7, 2023
Marriott International, one of the world’s leading hospitality companies, is set to bolster its presence in Vietnam with the addition of three new luxury resorts. The move underlines the company’s commitment to capitalizing on the growing demand for upscale travel in the region.
Here are the key highlights:
New Luxury Resorts: Marriott International has signed agreements for three new resorts in Vietnam, introducing two new luxury brands into the Vietnamese market and expanding the JW Marriott brand in the country. The resorts are set to open in the coming years.
Ritz-Carlton Reserve and The Luxury Collection, Hon Thom Island: These luxury brands will debut on the picturesque Hon Thom Island in Phu Quoc. Ritz-Carlton Reserve is a renowned luxury brand with a global reputation for offering exceptional experiences. The Luxury Collection is another prestigious luxury brand. These resorts are set to become globally-recognized luxury destinations and are owned by the Sun Group.
JW Marriott Trang An Resort & Spa: Located in the tranquil UNESCO World Heritage site of Trang An, this resort will open its doors in 2028. It is being developed by Bitexco Group, the same company behind the JW Marriott Hotel Hanoi. The property will feature a variety of accommodations, from spacious rooms and suites to one- and two-bedroom villas with private pools. It will also offer a range of dining options, recreational facilities, and ample event space.
Positive Impact: Marriott International aims to leverage Vietnam's potential in tourism development, contributing to the growth of the country's tourism industry. The company is also committed to engaging with the local community, including the employment of Vietnamese talent and the implementation of social welfare activities in Vietnam.
Growing Demand for Luxury Travel: Vietnam is emerging as a vibrant market for luxury travel, driven by increasing demand from both international and domestic travelers. The country's rich natural and cultural offerings make it an attractive destination for those seeking unique experiences.
These developments represent Marriott's strategic focus on expanding its luxury portfolio in Vietnam. With a diverse range of brands and properties in the pipeline, Marriott continues to play a significant role in shaping the country's hospitality landscape and meeting the evolving preferences of travelers.
By introducing renowned luxury brands like Ritz-Carlton Reserve and The Luxury Collection, Marriott International is poised to offer travelers exquisite experiences in one of Southeast Asia’s most captivating destinations. The stunning locations of these resorts and their commitment to providing exceptional service make them promising additions to Vietnam's luxury hospitality sector.
Marriott’s expanding presence in Vietnam, along with its commitment to engage with local communities and offer remarkable travel experiences, highlights its dedication to the future of hospitality and luxury in the country. The opening of these three new resorts is set to enhance Vietnam’s allure as a luxury travel destination.
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By Nishang Narayan
Published on October 14, 2024
Taiba Investments, a leader in Saudi hospitality and real estate, has announced a strategic partnership with Hilton (NYSE: HLT) to bring the renowned Waldorf Astoria Hotels & Resorts brand to the holy city of Madinah. The agreement was signed during the Future Hospitality Summit (FHS) in Dubai, emphasizing Taiba Investments' ongoing expansion into the luxury hospitality market. This collaboration aims to elevate Saudi Arabia's tourism sector through partnerships with world-class hospitality brands like Hilton.
“This agreement marks a pivotal moment in our strategic growth, reflecting our unwavering commitment to enhancing Saudi Arabia’s hospitality offering across diverse segments,” stated Sultan Al Otaibi, CEO of Taiba Investments. “Our collaboration with Hilton and Waldorf Astoria Hotels & Resorts will elevate tourism and hospitality by delivering an extraordinary guest experience in line with the ‘Pilgrim Experience Program.’ This project not only reaffirms our leadership in the sector but also highlights our dedication to Saudi Vision 2030 by providing world-class accommodation that honors the Kingdom’s rich heritage.”
Set to open in 2028, Waldorf Astoria Al Madinah will be the brand’s debut in the city, introducing its unparalleled standards of luxury and signature service. Ideally located on the northern side of the Prophet’s Mosque (PBUH), the hotel offers exclusive, direct views of this holy site and is just a few minutes’ walk away.
“We are delighted to extend our partnership with Taiba Investments through this remarkable project,” remarked Carlos Khneisser, Vice President of Development, Middle East and Africa at Hilton. “Saudi Arabia remains one of our fastest-growing markets where we plan to expand our footprint to exceed 100 hotels in the coming years. Waldorf Astoria Al Madinah will bring the brand’s timeless hospitality and elegant service near one of the world’s most sacred sites. Together with Taiba, we look forward to expanding our network across the Kingdom and delivering unforgettable experiences to our guests.”
Waldorf Astoria Al Madinah will feature over 300 sophisticated guest rooms and suites, three world-class dining concepts—including the celebrated Peacock Alley café—and two thoughtfully curated restaurants, including a signature venue. The hotel will also house two multi-functional halls, a boardroom, a private club lounge, a prayer room, and a fitness center.
By pioneering transformative projects, Taiba Investments aims to significantly contribute to local economic growth, generate valuable job opportunities, and support tourism infrastructure development, all while delivering an experience deeply rooted in tradition.
As part of this strategy, Taiba Investments plans to renovate the existing Taiba Front Hotel, rebranding it as Waldorf Astoria Al Madinah. This transformation will merge the global brand’s timeless luxury with the cultural essence of the holy city, enhancing the property’s sophistication and exclusivity while solidifying Taiba’s position as a key player in redefining Madinah’s hospitality landscape.
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 24 world-class brands comprising more than 8,000 properties and over 1.2 million rooms in 126 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 3 billion guests in its more than 100-year history.
Waldorf Astoria Hotels & Resorts is an award-winning portfolio of 35 iconic properties that deliver a unique sense of place with a commitment to sincerely elegant service and culinary mastery in landmark destinations worldwide.
Taiba Investments Co. (TASI: 4090), established in 1988, is a leading hospitality and real estate company headquartered in Saudi Arabia, managing a portfolio of 39 properties, including hotels and residential communities.
Published on October 12, 2024
Mews, the leading cloud SaaS and fintech platform for the hospitality industry, has announced the appointment of Steve Cakebread to its board. Cakebread, renowned for his role in taking Salesforce, Pandora, and Yext public, brings a wealth of experience to Mews as it continues its rapid growth in the hospitality tech space.
Cakebread is the author of The IPO Playbook: An Insider’s Perspective on Taking Your Company Public and How to Do It Right and currently serves on the board of Bill.com, which went public in December 2019. He has also held leadership roles at SolarWinds, eHealth, Autodesk, and Hewlett-Packard.
Commenting on Cakebread's appointment, Matt Welle, CEO of Mews, said, “Steve’s capital markets expertise is unparalleled. His experience leading Salesforce, Pandora, and Yext through IPOs and beyond will be invaluable as Mews embarks on its next chapter of growth. We are thrilled to welcome Steve to our board at such a pivotal moment.”
Mews founder, Richard Valtr, added, “Steve is a strategic leader with exceptional experience in scaling financial teams. His insight and guidance will be critical in supporting our aggressive growth ambitions and securing Mews' position as the market leader in cloud hospitality.”
The appointment comes as Mews continues to experience significant growth, reaching unicorn status with a valuation surpassing $1.2 billion. Over the past year, Mews has seen a 250% increase in customers across North America and facilitated over 25 million hotel check-ins globally. The company recently secured $100 million in funding from Vista Credit Partners to fuel further growth and M&A activity through its investment arm, Mews Ventures.
Reflecting on his new role, Cakebread shared, “Mews has a tremendous opportunity in the $20 billion hospitality software and payments markets, driven by the shift to cloud-based technology. With over 5,500 hospitality brands and 1,000 integrations on its platform, Mews is well-positioned to lead the market. I’m excited to contribute to Mews’ continued success and work with the team to accelerate its next phase of growth.”
About Mews
Mews is the leading cloud platform transforming hospitality for the modern era. Serving over 5,500 customers in more than 85 countries, Mews Hospitality Cloud helps hoteliers streamline operations, elevate guest experiences, and build more profitable businesses. Its clients include leading hospitality brands like Generator-Freehand, Strawberry, The Social Hub, and Airelles Collection. Mews has been recognized as Best PMS (2024) and among the Best Places to Work in Hotel Tech (2021, 2022, 2024) by Hotel Tech Report, and awarded World's Best Hotel PMS Provider (2023) and World's Best Independent Hotel PMS Provider (2022, 2023) by the World Travel Tech Awards. Mews has raised $335 million from investors, including Goldman Sachs Alternatives, Kinnevik, and Revaia, to revolutionize the hospitality industry.
By Nithyakala Neelakandan
Published on October 7, 2024
IHG Hotels & Resorts (IHG) has recently celebrated their 60th anniversary in Japan, highlighting the company's longstanding relationship with the country and its plans for future growth. IHG first entered Japan in 1964 with the introduction of its InterContinental Hotels & Resorts brand, and since then has expanded through strong partnerships, bringing exceptional experiences to both domestic and international guests.
According to Abhijay Sandilya, CEO of IHG ANA Hotels Group Japan and Managing Director of IHG Hotels & Resorts Japan & Micronesia, the company is "humbled and honored" to celebrate this milestone. He added that the company's growth is attributed to its collaborations with local owners and partners.
In 2006, IHG entered a joint venture with ANA, Japan's largest airline, to form IHG ANA Hotels Group Japan, combining local and global expertise to expand its brand presence. This partnership has been a crucial element of IHG's success, helping to establish brand awareness in Japan and globally. Today, IHG has nearly 50 hotels in Japan and plans to double its size in the coming years.
Sandilya noted, "We’re the second largest international hotel company in Japan, with close to 50 open hotels and 15 in the pipeline – and have big growth ambitions. We’re confident we’ll double our size over the next few years as we grow alongside the country’s travel and tourism industry."
IHG has introduced new brands to Japan, including Six Senses, and has plans to debut other brands like Garner and Vignette Collection by the end of 2024. Regent is also expected to make its debut within the next three years. The expansion aims to cater to diverse guest preferences, with an emphasis on delivering quality experiences.
The company is proud to celebrate its diamond anniversary in Japan and plans to continue its growth alongside the country's travel and tourism industry. IHG also recognizes its role in supporting the government’s tourism growth ambitions, using local expertise and global scale to introduce new customers to destinations across Japan, including those off the beaten path.
To mark its 60th anniversary, IHG is offering various promotions at its hotels throughout Japan. More information about these offers is available on their official website, scheduled to go live on October 1, 2024.
Image Credits: IHG
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