The Ritz-Carlton in the NoMad neighborhood of New York City. Seema Mody | CNBC Marriott next week will open a swanky new Ritz Carlton hotel in Manhattan, marking a bet on the surge in luxury travel and the hopeful return of business travelers this fall. “It’s got 10,000 square feet of meeting space, a 7,000-square-foot […]

Luxury Explorers has properties like Villa Botanica in the exclusive Emirates Hills, often referred to as the “Beverly Hills” of the UAE. Luxury Explorers’ Collection DUBAI, United Arab Emirates — In the Middle East, a new breed of high-end vacation rental firms are scrambling to meet the needs of today’s traveler — who has very different […]

Inflation in Thailand will largely be “contained” because the price pressures in the country are not as broad-based compared to some developed markets, said the governor of Bank of Thailand. Sethaput Suthiwartnarueput said overall inflation rate will remain within the central bank’s target range of between 1% and 3%. Even though inflation for January came in at […]

The dip in travel stocks following the emergence of a new Covid-19 variant is a temporary “setback” that presents some attractive buying opportunities within the sector, according to investor SpringOwl Asset Management. Travel and tourism stocks were hammered after the World Health Organization classified omicron a “variant of concern.” Several countries also moved to reimpose […]

Ramping up vaccination rates for Covid-19 will help boost the recovery in the travel and tourism industry, a panel of experts told CNBC. Vaccination is the only comprehensive way to fight the impact of the coronavirus, Ritesh Agarwal, CEO and founder of Indian budget hotel chain start-up Oyo, told Nancy Hungerford during the virtual CNBC […]