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Associated Press
5 hours ago
- Associated Press
Dusit International signs strategic partnership for hotel development in France
PARIS, FRANCE - Media OutReach Newswire - 1 August 2025 - Dusit International, one of Thailand's leading hotel and property development companies, has signed a strategic partnership agreement with SYDEL, a French real estate investment company, to establish Dusit France – a joint venture created to bring Dusit's unique brand of Thai-inspired gracious hospitality to France for the first time. Dusit International and SYDEL formally established Dusit France at a signing ceremony held in Paris. Pictured (from left): Mr Donatien Carratier, Head of Dusit France; Mr Jordan Elbaz, Partner, SYDEL; Mr Gilles Cretallaz, Chief Operating Officer, Dusit International; and Mr David Elgrably, Partner, SYDEL. Leveraging SYDEL's local knowledge and operational expertise, the joint venture will focus on identifying opportunities for Dusit Hotels and Resorts, whose portfolio of nine brands spans the lodging spectrum – from affordable lifestyle hotels to full-service luxury retreats. Brands being considered for the French market include Dusit Thani (Bespoke Luxury), Devarana – Dusit Retreats (Wellness Luxury), Dusit Collection (Character Luxury), Dusit Hotels (Upper Upscale), dusitD2 (Lifestyle Upscale), Dusit Princess (Upper Midscale), ASAI Hotels (Lifestyle Midscale), and Dusit Suites (Lifestyle Long Stay). Together, Dusit and SYDEL will identify strategic locations, support asset owners with repositioning projects, and introduce innovative hotel concepts focused on delivering memorable guest experiences, championing well-being, and creating long-term sustainable value. The partnership was formalised at an exclusive signing ceremony held on 10 July 2025 in Paris. At the event, Mr Gilles Cretallaz, Chief Operating Officer of Dusit International, shared the vision for Dusit France and outlined the group's growth ambitions in the region. 'We are thrilled to partner with SYDEL to seek opportunities to expand Dusit's footprint and bring our distinctive brand of Thai-inspired gracious hospitality to France – one of the world's most iconic travel destinations,' said Mr Cretallaz. 'This partnership marks an important milestone in our global expansion strategy, and we are confident that our unique blend of cultural authenticity, innovation, and gracious service will resonate strongly with travellers and developers alike.' Dusit's portfolio currently spans 294 properties across 18 countries, including 55 operating under Dusit Hotels and Resorts and 239 luxury villas under Elite Havens. In Europe, the company operates the upper-upscale Dusit Suites Athens in Greece, located in the vibrant coastal district of Glyfada on the Athenian Riviera. Hashtag: #dusitinternational The issuer is solely responsible for the content of this announcement.
Yahoo
5 hours ago
- Yahoo
Norwegian Cruise Line shares surge after record second quarter revenue
-- Norwegian Cruise Line Holdings Ltd. reported record second-quarter revenue of $2.52 billion, up 6% YoY, though slightly below analyst expectations of $2.56 billion. The company posted adjusted earnings per share of $0.51, narrowly missing the consensus estimate of $0.52, but demonstrating strong consumer demand across its brands. Norwegian's shares surged 9.6% following the announcement as investors responded positively to the company's strong performance and reaffirmed full-year guidance. The cruise operator reported that bookings have rebounded across all three of its brands, with booking levels now exceeding historical patterns in recent months. The company delivered adjusted EBITDA of $694 million, exceeding its guidance of $670 million. Net yield increased approximately 2.7% on an as-reported basis and 3.1% in constant currency, outperforming guidance of approximately 2.5%. Gross margin per capacity day increased 11% compared to the same period in 2024. "We delivered another record quarter, demonstrating once again the strong customer demand environment, the power of our brands, our outstanding onboard product, and the dedication of our team," said Harry Sommer, president and CEO of Norwegian Cruise Line (NYSE:NCLH) Holdings. Norwegian maintained its full-year 2025 guidance, projecting adjusted EPS of $2.05, representing a 16% increase from 2024. The company expects full-year net yield to increase approximately 2.5% on a constant currency basis versus 2024. The cruise operator also announced expansion plans for its private island destination, Great Stirrup Cay in the Bahamas, including a nearly six-acre waterpark expected to open in summer 2026. Additionally, the company took delivery of Oceania Allura and confirmed orders for two additional next-generation ships. Related articles Norwegian Cruise Line shares surge after record second quarter revenue Apollo economist warns: AI bubble now bigger than 1990s tech mania If Powell goes, does Fed trust go with him? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Travel Weekly
6 hours ago
- Travel Weekly
Aman at Sea opens its ship for charter and event bookings
The first yacht in Aman's cruise brand, Aman at Sea, has opened for charter and event reservations, marking the first opportunity to book cabins on the vessel. The vessel, the 94-passenger Amangati, is scheduled to launch in 2027. Its inaugural season will be in the Mediterranean, with sailings that include the French and Italian rivieras; the Adriatic Sea, Greek Isles and Turkey; Spain; and the Bay of Naples and Amalfi Coast, according to its website. Aman declined to share details on the structure of charter reservations, including pricing and specific itineraries. The Amangati's 47 suites will range from 532 square feet to 1,972 square feet. Their design will be inspired by Japanese architecture, and each will have a private balcony. Suites will also include full-length windows, free-standing baths, lounge seating and king beds. Some will also have plunge pools, the company said. The vessel is under construction in Genoa, Italy. It is part of a new group of yachting-minded, luxury-market cruise lines spearheaded by big names in ultraluxury hospitality. Aman recently appointed Angela Composto as senior vice president for sales, marketing and reservations. Composto was previously vice president of sales and marketing at Orient Express Sailing Yachts.
