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Peloton to acquire fitness equipment maker Precor
The leading interactive fitness platform Peloton has announced that it has entered into an agreement to acquire Precor, one of the largest global commercial fitness equipment providers, in a transaction valued at $420 million USD. With the acquisition, Peloton plans to establish U.S. manufacturing capacity, boost research and development capabilities with Precor’s highly-skilled team, and […]
Proof in numbers: the Maldives hotel market is back on the rise
[vc_row][vc_column][vc_column_text]If you’re a hotel operator, having a thorough understanding of your property’s occupancy and revenue performance is fundamental to your business’ success. A wealth of information can be gained from examining how your hotel’s key performance indicators trend over time, especially when this is done in tangent with competitive benchmarking against your rival hotels. By […]
Ritz-Carlton to Debut in Maldives Late 2020
Newly built, 100-villa resort poised to open late 2020 Marriott International, Inc. is to debut The Ritz-Carlton brand in the Maldives, with a 100-villa resort amid white sandy beaches. The property, to be called The Ritz-Carlton Maldives, Fari Islands, is slated to open late 2020. The company has signed an agreement to this effect with […]