Private equity firm Risk Capital Partners (RCP) has announced the acquisition of an undisclosed stake in Simpson Travel, a UK-based specialist in villas and boutique hotels. Founded in 2002, Simpson Travel curates a portfolio of luxury accommodations across popular Mediterranean and European destinations, including France, Greece, Italy, Spain, and Turkey. Following the transaction, Paul Carter,
Cloudbeds, the hospitality management platform powering more reservations and happier guests for independent lodging businesses around the globe, has released its inaugural State of Hostels report. The first-of-its-kind report draws on extensive data, research, as well as daily interactions with hostels around the world to share insights and trends in travel for 2024. Stephan Leuenberger,
Jurny, the leading vertical AI solution for automating hotel and short-term rental operations, recently announced the public launch of its AI Multi-Agent system. This industry-first technology marks a significant milestone in the evolution of property management solutions, introducing specialised AI agents designed to cooperate and handle specific tasks like concierge services and guest communications, without
Europe has crossed a significant milestone in the digital era by finalising the Artificial Intelligence (AI) Act, establishing a groundbreaking set of regulations for artificial intelligence. This legislative achievement positions the EU at the forefront of global AI governance, balancing the dual objectives of fostering technological innovation and safeguarding human rights, democracy, environmental sustainability, and
The pre-wedding festivities of Anant Ambani, the youngest son of India’s wealthiest person Mukesh Ambani, have put the Indian town of Jamnagar on the global map. Known for being home to oil refineries, petrochemicals, and manufacturing, the region also has a rich historical and cultural significance. With its real estate sector experiencing a rapid surge
California is inviting visitors around the world to escape to the Ultimate Playground, where an abundance of adventures and experiences give travellers permission to play their own way – on a hike, on a road trip or simply relaxing on a beach or tasting one’s way throughout the state. Launched with the ‘Let’s Play’ global
On the occasion of International Women’s Day, Avani Hotels & Resorts salutes the women who inspire guests through their courage and creativity. Guests can join them on four transformational travel experiences, led by women who have carved their own paths in the worlds of ballet, craft beverages, weaving and gastronomy. Whether it’s learning ballet in
Amazon Payment Services, a regional leader in digital payments across the Middle East and North Africa (MENA), has announced a partnership with luxury tourism developer Red Sea Global (RSG), the multi-project developer behind some of the world’s most ambitious tourism destinations. Through this partnership, Amazon Payment Services and Red Sea Global are collaborating to enhance
Dubai Mall welcomed a record 105 million visitors in 2023, a jump of over 19% on the previous year’s 88 million; sales were also exceptionally strong in 2023. New figures released by the mall also show a staggering 20 million people visited the mall in the first two months of this year alone, with 2024
