Reading Time: < 1 minuteAustralia: Lifestyle hotel company Standard International will launch its new brand, The StandardX, in Melbourne February 2024.
Reading Time: 3 minutesUK: UK Chancellor Jeremy Hunt has announced that the 75 per cent discount on business rates [up to £110,000] for businesses in the hospitality, leisure and retail sectors has been extended by another 12 months as part of his Autumn Statement.
Reading Time: < 1 minuteEU: Coliving and remote work startup Outsite has raised €300 million in funding from three real estate investors to pursue opportunities in Europe.
Reading Time: 2 minutesWorldwide: In the latest Hospitality Investor Sentiment Index from Questex, investors are looking to focus on opportunities within the corporate and urban markets for 2024. Â
Reading Time: < 1 minuteUK: Lifestyle membership club Birch, which has two sites open in Cheshunt and Selsdon, has placed both properties into administration.Â
Reading Time: 2 minutesUK: Research by The QEII Centre in Westminster, London, has revealed that the UK economy loses £19.9 billion a year due to declining attention spans.
Reading Time: 2 minutesUAE: OTA Booking.com has released its annual Travel Predictions report for 2024, which includes insights from travellers based in the United Arab Emirates for the first time.
Reading Time: < 1 minuteEU/US: Hotel and hostel operator Generator has completed a €750 million refinancing of debt with new and existing investors across Europe and the United States.
Reading Time: 2 minutesUS: Portland-based investment firm Sortis Holdings has reportedly walked away from its acquisition of the Ace Hotels platform and its management arm.Â
Reading Time: 3 minutesUS: Kasa Living, a tech-powered, flexible accommodations brand and operator, has closed a $70 million Series C fundraise to fund and accelerate its expansion across the United States.
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