Wealthy Chinese travelers prefer to stay at the Hyatt and Marriott chains of hotels, according to New York-based wealth research firm Luxury Institute.
Swedish furniture giant Ikea plans a one-billion-euro move into the hotel sector, opening at least 100 hotels in Europe.
Ritz-Carlton Looks to Vietnam. Ritz-Carlton has announced it is to make its entry into Vietnam with a hotel in Ho Chi Minh City.
The Qatari owners of Harrods are planning to launch a line of hotels under the name of the famous luxury London store.
Shangri-La Hotels & Resorts has recently unveiled a revamped website. To commemorate the new site, the group has launched the #LovingTheMoment Instagram initiative.
Movie firm Paramount has announced plans to launch a chain of hotels. The hotels will be luxury properties with ‘elements of the California lifestyle’.