Traveling

Monday, January 22, 2018

Marriott Remakes Aloft and Element + Mergers With a Twist + Hilton's Direct-Booking Commitment

January 22, 2018 View in browser

Note From the Editor

As Travel Tech Editor Sean O'Neill points out in one of our Travel Megatrends today, it isn't unusual these days for mergers and acquisitions to veer from pure market share pursuits toward the goal of injecting some innovation into the acquiring company.

There was an element of that — pun intended — when Marriott bought Starwood in 2016. Sure, Marriott wanted to clobber competitors with 30 brands, but it also sought to take advantage of some of Starwood's design acumen and creativity. As Hospitality Editor Deanna Ting examines today, Marriott is now remaking the former Starwood Aloft and Element brands. Let's see if this marriage is really blessed.
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Travel Megatrends 2018: Mergers and Acquisitions Focus on Strategic Innovation
The smartest travel companies are beginning to buy startups that may not be central to their main businesses or help them consolidate market share, but could boost the innovation metabolism of their motherships.

Marriott's Revamp of Aloft and Element Points to the Future of Select Service Hotels
Everyone suspected the efficiency and consistency of the Marriott "machine" would be a perfect match up for Starwood's creative and innovative lifestyle brands. While it appears to be working for Aloft and Element, the true measure of success will be what Marriott can do with a brand like Sheraton.

Travel Search Engine Wego Labored in Asia But Found Its Footing in the Gulf States
Wego got its start in 2005. But it only found a path to scaling up recently when it shifted its focus from Asia to the Gulf States.

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Hilton has been working for years to keep customers booking on its website instead of with online travel agencies. Don't expect that to stop anytime soon — or ever.

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Few travelers would say they admire airlines. But among business executives and analysts, the sentiment is different. They see a few airlines as being well-run businesses worthy of admiration.

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HNA Group's decision to at least consider selling its stake in NH Hotels shouldn't come as a surprise. It will be interesting to see whether one of the big hotel companies emerges as a potential buyer.

Restaurant Megatrends 2018: Fine Casual Is the New Fast Casual
Fine casual, yet another term coined to describe the new ways Americans dine, marries elements of fast casual and fine dining. No matter what you want to call these restaurants, expect many more.
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Hyatt Eliminates CMO Position in Strategy Aimed at Accelerating Its Growth
Just a hunch, but does this mean more acquisitions are in the works over at Hyatt?
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