Investment and Funding

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Results

Royal Caribbean looks to 2021 ramp up

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Royal Caribbean Cruises said that the light at the end of the tunnel was “clearly visible”, after submitting recommendations for safe travel to the US Centers for Disease Control and Prevention.

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    Development

    Eco resort for Club Med

    Club Med is to open the 350-room Club Med Essaouira eco resort in Morocco a cost of €90m.
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    Investment

    Five reasons to invest in hotels

    The pandemic may have given some investors pause when looking at the hotel sector,  but despite the short-term pain, the long-term prospects remain good as a rising global middle class helps drive leisure travel and a globalised world pushes ever-more corporate movement.
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    Expansion

    Mondrian raises Curtain

    The Curtain in Shoreditch is set to rebrand as a Mondrian hotel, in collaboration with current owner Reuben Brothers.
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    Sharing economy

    Airbnb agrees stock split

    Airbnb’s board is thought to have approved a two-for-one split of privately held shares before the company's planned IPO.
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    Covid-19

    Virgin warned over refunds

    The Competition and Markets Authority has told Virgin Holidays to fulfil refunds for holidays cancelled due to the pandemic, or face legal action.
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    Results

    IHG reports ‘muted pace’

    InterContinental Hotels Group said that it expected to see the pace of recovery “muted” going into the fourth quarter.
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    Transactions

    Deals slow in September

    A total of 102 deals were announced in the global travel and tourism sector during September 2020,  a fall of of 11.3% on the precious month, according to GlobalData.
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    Innovation

    Accor looks at autonomous mobility

    Accor is to unveil “an autonomous urban mobility solution next month, alongside Citroën and JCDecaux.
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    Transactions

    TUI acquires stake in Karisma Hotels Adriatic

    TUI Group has acquired a 33% stake in Karisma Hotels Adriatic from Fortenova Group for an undisclosed fee.
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    Travelodge

    Ago sees ‘solid future’

    Ago Hotels was moving into the final stages of efforts to rebrand the Travelodge estate under Accor’s Ibis brand.