New $1.2bn Mississippi UMUSIC hotel

First music-based experiential hotel properties slated for Atlanta, Biloxi and Orlando

SANTA MONICA, CA (October 9, 2020) — Universal Music Group (UMG), the world leader in music-based entertainment and Dakia U-Ventures, the entertainment impact investment group, today announced the launch of UMUSIC Hotels, a new global collection of music-based experiential hotel properties, as part of their previously announced joint venture. UMUSIC Hotels’ first three announced locations will be Atlanta, Georgia; Biloxi, Mississippi; and Orlando, Florida; with additional cities across the U.S. and around the world to come. UMUSIC Broadwater Hotel in Biloxi, Mississippi. Embodying each location’s unique spirit, the hotels will draw…

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Luxe Rodeo Drive Hotel. Photo from Wikimedia Commons

Experts warn of coming ‘tsunami’ of US hotel closures

Located on one of the world’s most expensive strips of commercial real estate, the upscale Luxe Rodeo Drive hotel has closed, a casualty of a pandemic that is likely to put more hotels out of business. The 86-room hotel, which for 27 years shared a city block with such high-end outlets as Cartier and Harry Winston, notified its workers last week that it would permanently cease operations because of the financial effects of the COVID-19 crisis. “Please accept my sincerest gratitude for your service and loyalty and know that this…

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London tourism. Photo by Aron Van de Pol on Unsplash

British ‘minications’ give £24bn boost to UK economy

Some 64% of Brits are helping the economy by vacationing in the UK this year instead of travelling, according to Travelodge Britons are opting for ‘minications’ in the UK, taking more frequent and shorter breaks this year, according to new research carried out by Travelodge. Some 64% of those surveyed are taking on average two ‘minications’ in 2020, with the average trip costing £281, giving the UK economy a £24bn boost. Travelodge’s survey of 2,000 people revealed that 42% of holidaymakers have swapped longer vacations for short getaways. Over a quarter…

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