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Posts by author

e.koureli

13 posts

Ihcl Signs With Hotel Pearl Dunes for Ginger Hotel in Calicut, Kerala

🏨 India's largest hospitality company, IHCL, announced a partnership with Mr. KM Abdul Latheef for a new Ginger hotel in Calicut, Kerala, on April 28, 2025. The 100-key Ginger Calicut City Center will be a greenfield project featuring amenities such as an all-day-diner, banquet facilities, meeting rooms, a fitness centre, and a swimming pool. This marks IHCL's second hotel in Calicut and expands their portfolio to 20 hotels in Kerala, including four under development.
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Accor Q1 offers glimpse of first cracks in global travel demand

🏨 Martine Gerow, CFO of Accor, led the Q1 sales and revenue call in absence of CEO Sébastien Bazin. Accor, which operates predominantly outside the U.S., has 108 hotels in North America out of over 5,500 globally, drawing just 5% of its room revenue from the U.S. In March, U.S. bookings declined by 10%, with larger drops from Europe. Canada, with 27 Accor hotels, showed a trend of locals staying in-country rather than traveling to the U.S. For Q1 2025, Accor reported a RevPAR increase of 5% YOY, with a 13.1% rise in the Americas despite China's negative impact. Accor opened 45 new hotels adding over 5,900 rooms and had a network of 847,290 rooms. The company aims to accelerate net unit growth in the second half of 2025 and expand to 300 hotels in India by 2030, with recent deals including a partnership with InterGlobe and potential management of 17 Royal Holiday Group properties.
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  • 2 min

Sonesta Executes Strategic Agreement With AKEN Hotels & Resorts

🏨 Sonesta International Hotels Corporation will finalize a strategic alliance with AKEN Hotels & Resorts LLC by mid-year, enhancing Sonesta’s international growth in South America and the Caribbean. Their collaboration aims to integrate AKEN’s properties into Sonesta's loyalty ecosystem, tapping into Latin America’s cultural richness and ecotourism, and providing guests with immersive local experiences. The alliance is expected to create a broader global audience for South American hospitality and contribute to Sonesta's expansion strategy, leveraging AKEN’s local insight and operational excellence.
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  • 7 min

The Winners and Losers of Google’s Big Cookie Reversal

📈 Google retains third-party cookies in Chrome, impacting the digital ad industry. Google's stock rose 3.8% after the announcement. The Trade Desk, LiveRamp, and Yahoo are potential winners, with LiveRamp's stock increasing over 7%. SSPs like PubMatic and Magnite could benefit from enhanced ID signals and contextual insights. Open web publishers, including Vox Media and Newsweek, may see sustained revenue streams. Criteo, while avoiding a $40 million loss, faces sunk costs in Privacy Sandbox investments. Privacy advocates and consumers are likely losers, missing out on promised enhanced privacy protections.
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