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in North America

Miraval’s growth attracts broader clientele

Though Miraval’s footprint remains relatively small, the luxury wellness brand says it has managed to create an outsize presence within the hospitality sector.“We’re obviously smaller than our competitors, but we punch way above our weight,” said Marc Ellin, global head…

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in North America

Vacasa acquiring Wyndham Vacation Rentals

Vacation rental management group Vacasa has agreed to acquire Wyndham Vacation Rentals from Wyndham Destinations for roughly $162 million.Vacasa plans to finance the deal through a combination of cash and equity, with the sale set to be comprised of $45…

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in North America

Hotels in Mexican Caribbean are struggling

Mexico’s hotels on the Yucatan Peninsula are struggling, where the average daily rate (ADR) fell 7.3% in the second quarter, according to numbers from hotel data company STR.The Yucatan Peninsula is home to vacation destinations Cancun, the Riviera Maya and…

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in North America

Fosun poised to take control of Thomas Cook

Thomas Cook has revealed it is in “advanced discussions” with its largest shareholder, Fosun Tourism Group, about a potential recapitalisation of the company.The news, which also involves discussion with banks about changing debt repayment schedules, saw shares in company nearly…

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in North America

ASTA lobbies hard for IC exemption in California

ASTA has pushed hard to persuade California legislators to exempt travel advisors from a more restrictive method of classifying independent contractors (ICs), and now the trade group waits to see if its efforts pay off.The Senate Labor, Public Employment and…

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in North America

American Airlines signs Cathay Dragon codeshare deal

American Airlines has launched a codeshare agreement with Cathay Dragon, adding service to four new destinations and increased service to three existing markets in south-east Asia.American will place its code on select Cathay Dragon flights from Hong Kong International Airport,…

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