Skift Take
At this time’s podcast seems at resort enlargement in Europe, cautious flight plans within the Center East, and Accor’s India ambitions.
Good morning from Skift. It’s Tuesday, April 16. Right here’s what you want to know concerning the enterprise of journey at present.
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Episode Notes
Marriott and IHG have every introduced plans so as to add 100 inns to their portfolio in Europe, reviews Senior Hospitality Editor Sean O’Neill.
Marriott stated it might add these roughly 100 properties by the top of 2026 by resort conversions — offers the place the proprietor of an present resort assumes a brand new model affiliation — or changing present buildings into inns. Marriott already has greater than 800 properties in Europe.
As for IHG, the corporate is planning to group up with Novum Hospitality, one in every of Germany’s largest family-run resort teams, so as to add somewhat greater than 100 inns to its footprint in Germany.
Subsequent, a number of main airways are nonetheless taking a cautious method to working flights within the Center East following Iran’s assault in opposition to Israel this weekend, writes Airways Editor Gordon Smith.
Whereas the European Union Aviation Security Company stated there’s at present no overflight threat for civil aviation, some airways are extending route cancellations and diversions. Virgin Atlantic stated on Monday it’s briefly avoiding the airspace of Iraq, Iran and Israel, leading to some flights from the UK to India being adjusted.
In the meantime, the Lufthansa Group stated its flights to Lebanon and Iran will stay suspended till at the very least Thursday.
Lastly, Accor CEO Sébastien Bazin sees monumental room for development in India. India Reporter Bulbul Dhawan delves into the explanations for Bazin’s optimism.
Bazin described India, the place the corporate operates 62 inns, as an untapped market. He famous that the highest 5 resort operators in India collectively have lower than 1,000 inns in comparison with 25,000 in China. As well as, Dhawan cited India’s quickly rising center class — a 2024 Skift Megatrend — as another excuse for Bazin’s perception that enterprise in India will increase.
Bazin additionally stated he noticed quite a lot of potential in India’s secondary and tertiary cities, that are house to roughly 1 billion folks.
Presenter/Producer: Jose Marmolejos
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