LVMH closes Belmond acquisition; hotel-brand boutique integration begins
LVMH Moët Hennessy Louis Vuitton received requisite clearances from authorities to close on its acquisition of luxury travel operator Belmond.
LVMH Moët Hennessy Louis Vuitton received requisite clearances from authorities to close on its acquisition of luxury travel operator Belmond.
Aman, Nobu, Bulgari, Baccarat and Mandarin Oriental are among the luxury hospitality groups heading to the Maldives amid the country's next resort boom.
Spain's luxury hotel scene is set for a major addition this September with the grand opening of Nobu Hotel Madrid, opening ahead of the Formula 1 weekend with a three-storey restaurant from famed Japanese chef.
Thebe Magugu is branching out into hotels, following the opening last year of a Magugu-branded hospitality concept in partnership with Belmond in Cape Town.
The luxury real estate developer AHS Properties purchased Dubai's Shangri-La Hotel for $300 million, financed by bank debt and equity.
Florence embraces a luxury hotel boom in 2026, attracting global travelers with high-end accommodations and redefining Italy's tourism experience.
WPP CEO Cindy Rose stated the company will ditch the holding company label as the organization braces for major structural change following disappointing earnings results.