Tierra Atacama Hotel & Spa Embarking on a $12 Million Refresh

Tierra Atacama Hotel & Spa Embarking on a $12 Million Refresh

By Nithyakala Neelakandan

Published on April 3, 2024

Nestled in the picturesque desert landscape just outside San Pedro de Atacama in northern Chile, Tierra Atacama Hotel & Spa has announced an exciting new chapter in its story. Closing its doors for the remainder of 2024, the luxury desert lodge is set to undergo a comprehensive $12 million refresh, promising guests a rejuvenated experience upon its reopening in 2025.

Led by the original design team of architects Rodrigo Searle and Matías González, the refurbishment will see a complete overhaul of the property's interiors, with a focus on refreshing furnishings and introducing eight new suites. Scheduled to commence on April 1, 2024, this renovation underscores the hotel's unwavering commitment to sustainability, reflected in its careful selection of eco-friendly materials and ongoing support for the local community.

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Since its inception in January 2008, Tierra Atacama has been a beacon of sustainable hospitality, seamlessly blending traditional adobe architecture with contemporary design elements. Inspired by the rich cultural heritage of the region, interior designers Carolina Delpiano and Alexandra Edwards have curated a collection of decor that pays homage to the surrounding communities, featuring handcrafted artifacts and locally sourced textiles.

Beyond its aesthetic appeal, Tierra Atacama is dedicated to minimizing its environmental footprint through initiatives such as renewable energy adoption, waste management, and cultural preservation. Situated amidst the breathtaking landscapes of the Atacama Desert, guests are invited to explore a myriad of natural wonders, from towering canyons to tranquil hot springs, making it a sought-after destination for adventure seekers and nature enthusiasts alike.

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As part of the Tierra Hotels family, which includes properties like Tierra Chiloé and Tierra Patagonia, Tierra Atacama remains committed to delivering unforgettable experiences that celebrate the unique heritage and natural beauty of Chile. While the lodge undergoes its transformation, guests can continue to enjoy the hospitality of Tierra Chiloé and Tierra Patagonia, with exciting new offerings such as seaplane transfers and scenic excursions set to launch in October 2024.

At Tierra Atacama Hotel & Spa, every detail is thoughtfully curated to ensure a harmonious blend of luxury, adventure, and sustainability. Whether marveling at the clear night skies or indulging in locally inspired cuisine, guests are invited to embark on a journey of discovery and relaxation, leaving them feeling fully rejuvenated and inspired.


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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