Megaworld Corp. has launched a P2-billion share buyback programme while allocating P2.21 billion raised from its listed REIT unit to township developments in Cebu, Palawan and Bacolod. The company said the buyback would enhance shareholder value, while proceeds from MREIT will support ongoing projects due for completion in 2028.
Hilton has signed an agreement to build Europe’s largest Hampton by Hilton and Manchester’s first Motto by Hilton. The two projects, set to open in 2026 and 2027, will bring over 500 new rooms to the city, strengthening Manchester’s position as one of the UK’s busiest hospitality markets.
Abu Dhabi has launched the Orchid Overnight Superyacht, the UAE’s first permanent floating hotel at Yas Marina. The vessel offers 31 rooms, dining, concierge services, and from October 2025, sundowner and dinner cruises along the Abu Dhabi coastline.
IHG Hotels & Resorts has announced the U.S. launch of Ruby Hotels, its 20th global brand, bringing its successful European “urban micro” concept to major city markets with a focus on stylish, compact design and efficient development opportunities.
Accor has signed Sofitel Genoa Waterfront, a 120-room luxury hotel designed by Renzo Piano Building Workshop and scheduled to open in 2027. Partnering with AG Group, the project forms part of Genoa’s Waterfront di Levante redevelopment and will introduce the Sofitel brand to Liguria for the first time.
Georgia has unveiled its “Feel the Rhythm” campaign, aiming to attract GCC travellers with luxury, affordability and seamless access. Offering 30–40% more value than many European destinations, the country highlights year-round experiences, from mountain escapes to vibrant coastlines and rich cultural traditions.
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