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Ascendas Units Hit as Hotel Sale Abandoned

Logo - Ascendas Hospitality TrustThe Ascendas Hospitality Trust, listed on the Singapore stock exchange, has surprisingly abandoned the sale of its 11 property portfolio (4200 rooms), which attracted the interest of numerous high-profile investors. No reason was given and the news sent its unit prices tumbling more than 13% yesterday.

Modern Art Lights Up Australia's Red Centre

Artist Bruce Munro's biggest work - Field of Light Uluru - opens today at Ayers Rock Resort. The solar powered installation features more than 50,000 slender stems crowned with radiant frosted-glass spheres over an area the size of four football fields.
Artist Bruce Munro's biggest work – Field of Light Uluru – opens today at Ayers Rock Resort. The solar powered installation features more than 50,000 slender stems crowned with radiant frosted-glass spheres over an area the size of four football fields. The exhibit will run for a year.

Comparing and Contrasting Industry Problems with Revenue Optimisation (Sponsored Post)

Kamesh Shukla, Rate Gain
Kamesh Shukla, Rate Gain

Hospitality and airline industries are considered to be the epitome of best practices in pricing and revenue management. In the battle to gain competitive advantage alongside high yields, sophisticated software suites are deployed by them to forecast demand, manage inventory and monitor competitor prices. Yet technology, no matter how refined, is just an enabler of a broader business strategy. More 

Mariott Boosts Bid, Starwood Takeover Back On

Marriott International has quickly responded to Anbang Insurance Group, its challenger for Starwood Hotels & Resorts,  lodging an increased takeover bid of USD13.6bn, which has been accepted by the Starwood board. The deal, unless trumped, will create the world's largest accommodation company.

Mega-Merger Off as Chinese Trump Marriott

Marriott's bid to create the world's biggest hotel company via its USD11bn bid for Starwood has been torpedoed by a USD13.2bn offer from Anbang Insurance Group, which the Starwwood board accepted Friday. Marriott has until March 28 to respond with a better offer.

Upcoming Events

TRAVELtech Australia 2016

TRAVELtech 2016 -
Disruptive Influences,
The Story Continues...

Where: Sheraton on the Park, Sydney
When: Tuesday, October 4, 2016
Event Updates: Register here
Bookings: $449 + gst pre-program

TRAVELtech, Australia's leading online travel marketing and distribution event, returns to Sydney on October 4 featuring a provocative program based around the theme - Disruptive Influences, The Story Continues...

Bookings have also opened with a pre-program rate of just $449 + gst, available to June 30.

Work on the program is under way and topics under consideration include:

• The Disruptors, Part 2
• Modern Media – Subversion, Fragmentation, Disintegration
• Insta-Gratification
• Inside The Global (Consumer) Brain
• Cruise, Full Steam Ahead
• The New Package Players
• Pitch It To Me…
• Tech Talk, The Innovators
• Work Local, Think Global

The main focus is on topicality - what's happening now and how that's impacting the travel business.

We're also looking for event partners, so if you'd like to participate please get in touch.

Meanwhile, here are some pix from 2015... 


Book now for lowest price - $449 + gst pre-program

No Vacancy Australia

No Vacancy Returns to Sydney in March 2017

No Vacancy is where accommodation meets the internet and innovation.

Founded in 2007, it's a dynamic one-day event with a strong track record.

It aims to be provocative, interesting and honest.

To be kept abreast of the latest developments, please register here.

Click for details on NV17...