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Hyatt Acquires the me and all hotels Brand

Hyatt Acquires the me and all hotels Brand

1 July 2024 Press Release Hotel News

Hyatt Hotels Corporation today announced that a Hyatt affiliate has acquired the me and all hotels brand from Lindner Hotels AG (Lindner) to unlock growth in new European markets and build on Hyatt’s strong momentum in the region.

Spirit AeroSystems Announces Acquisition by Boeing in $8.3 Billion Transaction

Spirit AeroSystems Announces Acquisition by Boeing in $8.3 Billion Transaction

Spirit AeroSystems today announced it has entered into a definitive merger agreement under which The Boeing Company will acquire Spirit for $37.25 per share in Boeing common stock (subject to the collar described below). At $37.25 per share, this represents an equity value of approximately $4.7 billion and an enterprise value of approximately $8.3 billion including Spirit’s last reported net debt.

South Korea’s Travel & Tourism Sector Set to Reach New Heights in 2024

South Korea’s Travel & Tourism Sector Set to Reach New Heights in 2024

30 June 2024 Press Release Tourism News Organisations & Operators

The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) predicts a remarkable year for Travel & Tourism in South Korea, with significant growth in its economic contribution, employment, and visitor spending. According to the latest data, the sector’s contribution to the national economy is expected to reach a record ₩96.2TN this year, representing a 13.6% year-on-year increase. This contribution underscores the sector’s crucial role, accounting for 4.3% of the nation’s economy.