M&A deal volumes in the sector continue to creep up, says Grant Thornton’s Nicola Sartori
M&A deal volumes in the sector continue to creep up, says Grant Thornton’s Nicola Sartori
The Norse Atlantic Airways inaugural flight from London Gatwick arrived on 1st December 2023 into Montego Bay with hundreds of excited holidaymakers on board. The much-anticipated flight was given an auspicious welcome amidst a press fanfare at the Sangster International Airport.
Kempinski Hotels is returning to the Kingdom of Bahrain with a landmark hotel and residences in a striking new development in Bahrain Harbour. Europe’s oldest luxury hotel company has inked a deal with Infracorp, which currently has more than US $3 billion in assets under management.
Cathay Cargo, with a vision to become the world’s most customer-centric air cargo service brand, has placed an initial firm order for six Airbus A350F freighters and secured the option to acquire an additional 20 aircraft in the future. The state-of-the-art A350F freighters are scheduled for delivery starting in 2027 and are expected to enhance Hong Kong’s status as the world’s leading air cargo hub.
IHG Hotels & Resorts has marked its 150th Hotel Indigo globally with the opening of Hotel Indigo Kuala Lumpur on the Park, the brand’s first property in Malaysia. The 180-room hotel is located in the heart of Kuala Lumpur, overlooking the Bukit Nanas and KL Forest Eco Park.
For the first time in its 150-year history, Scottish Premiership football club, Heart of Midlothian, has unveiled its bold plans to launch a new 25-bedroom hotel and events space as part of its ambitious growth plans in early 2024.
Luxury meets elegance at LUX* South Ari Atoll. Thatched-roof beach bungalows and villas perched over the Maldivian waters create a stylish seaside haven. Ten one-bedroom Romantic Beach Pool Villas of 136m2 offer direct access to the beach and lagoon along with private swimming pools set in lush gardens.
Following the launch of Panache Cruises in the US market in July of 2023, this week sees the US launch of the company’s loyalty programme – Founders.
With ambitions to become the most rewarding loyalty programme in the luxury and ultra-luxury cruise sector, the new rewards programme will offer British and American cruisers a wide range of value-added benefits.
Marriott International, Inc. has achieved a significant milestone by opening its 500th luxury hotel, further solidifying its position as a leader in luxury hospitality. The company’s diverse portfolio includes renowned luxury brands such as The Ritz-Carlton, St. Regis Hotels & Resorts, W Hotels, The Luxury Collection, EDITION, JW Marriott, and Bulgari Hotels & Resorts.
Heathrow Airport has ushered in the holiday season with a festive extravaganza for travelers. From live ballet performances to enchanting Christmas decorations, visits from Santa, and a range of entertainment options, the airport is spreading Christmas cheer.