Luxury travel appeals to a growing target audience
GlobalData’s "Tapping into the Luxury Travel Market", report provides an in depth analysis on the key industry and consumer trends in luxury tourism for 2018. It offers a particular insight into the preferences of UHNWIs and HNWIs and by country, gender and age. The report also examines successful industry case studies, allowing clients to understand how players have sought to capitalize on the emerging trends in the luxury travel segment.
LVMH expands in travel and hospitality with Belmond acquisition
The expansion of the company is a preemptive strategy to get ahead as consumers change their spending habits.
Penn National Gaming to buy Greektown Casino-Hotel for around $300m
Penn National Gaming has signed an agreement to buy Greektown Casino-Hotel in Detroit, Michigan, for around $300m in cash.
Nepal-based CG Hospitality acquires The Farm at San Benito in Philippines
CG Hospitality, a Nepal-based firm that has joint venture with India-based Taj Hotels Resorts and Palaces, has acquired The Farm at San Benito in Lipa, the Philippines.
JMFARC keen to retain 10% stake in India’s Hotel Leelaventure
JM Financial Asset Reconstruction Company (JMFARC) intends to retain about 10% stake in debt-laden luxury hospitality firm Hotel Leelaventure.
Hyatt Hotels to acquire Two Roads Hospitality for $480m
Hyatt Hotels has signed an agreement to purchase international lifestyle hotel management company Two Roads Hospitality for around $480m.
Select Group acquires 344-room niu Air Frankfurt Hotel
Select Group has acquired 344-room niu Air Frankfurt Hotel from GBI, a hotel developer in Germany, for an undisclosed amount.
Anbang Insurance seeks to divest luxury hotel portfolio
Anbang Insurance is seeking to sell its luxury hotel portfolio it bought in 2016, to raise cash following a takeover by the Chinese government.