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London, England - Corinthia Hotels announces the signing of Corinthia Chengdu in partnership with ShiLong Industry Co and The Geminus Group. Slated to open in 2032, the landmark project marks an important milestone in Corinthia’s continued expansion. Located in the Gaoxin District, at the intersection of Tianfu Avenue and Tianfu First Street adjacent to Gui Xi urban park (approx. 93.3 hectares), Corinthia Chengdu and branded residences will occupy a new 225m mixed-use tower in the city’s high-tech South Central Activity Zone. The hotel will comprise approximately 150 rooms and suites, alongside 60 branded residences, all offering sweeping panoramic views across the city. Positioned within a master development currently under construction, the project is set to become a defining architectural and lifestyle destination for Chengdu. The development will combine luxury retail, residential and commercial components with a total investment of approximately RMB 4.0 billion. Designed to meet the highest standards of contemporary luxury and sustainability, the project reflects the ambition and forward-looking character of the city itself. Corinthia Chengdu will embody the brand’s pioneering grand boutique ethos – blending scale and innovation with the intimacy, craftsmanship and personalised service for which Corinthia is renowned. The hotel will introduce the brand’s Mediterranean spirit to a new audience, creating a destination that connects global travellers with the cultural richness and creative energy of Chengdu. Simon Naudi, Group CEO of Corinthia Group , commented: Bringing Corinthia to China marks an exciting milestone in our international growth. Chengdu is a city of dynamism, creativity and cultural depth – qualities that resonate deeply with our own philosophy. With this project we are proud to introduce Corinthia to Central China, creating a landmark destination that reflects the spirit of its setting while delivering the character and intuitive service that define our brand. We look forward to welcoming both domestic and international guests to experience Corinthia in one of China’s most vibrant and forward-looking cities. XIAO Miaomiao, Chairman of Shilong Industrial Co. , said: As a city co-constructor deeply rooted in the local community, we look forward to our in-depth cooperation with Corinthia, a leading European luxury hotel brand. Together, we will convey the brand's heritage, uphold global excellence in service, and integrate these with Chengdu's distinctive local culture. Through this collaborative effort, we aim to create a new benchmark for luxury living that embodies both an international outlook and local character, contributing to Chengdu's emergence as a world-class destination for high-end consumption and resort experiences. Anthony Bailey, Chairman of The Geminus Group, said: Chengdu deserves a new landmark in hospitality – rooted in Chengdu. Together with Shilong Group and Corinthia, we are pleased to be shaping Corinthia’s presence in Central Asia, bringing the brand’s timeless, service-led craft into a place of extraordinary culture and character. Building on our strategic partnership with Corinthia, this project reflects our long-term commitment to China: setting a new benchmark for luxury – service-led, beautifully crafted and unmistakably rooted in place. Corinthia continues to explore additional opportunities across China as part of its

ARLINGTON, Va. – The Rio de Janeiro Carnival lifted the host hotel market to record-high monthly average daily rate (ADR) and revenue per available room (RevPAR), according to February preliminary data from CoStar . CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. February 2026 (year-over-year % change): Occupancy: 80.1% (-0.9%) ADR: BRL 1,312.23 (+49.4%) RevPAR: BRL 1,050.78 (+48.0%) Amid Carnival (13-21 February), the market’s performance peaked on Sunday, 15 February: occupancy (93.7%), ADR (BRL 2,657.38) and RevPAR (BRL 2,491.14). Both ADR and RevPAR surpassed the BRL 1,000 mark each day of Carnival, with ADR climbing above BRL 2,000 on five consecutive nights (13-17 February). RevPAR surpassed BRL 2,000 each night between 14-16 February. Rio’s occupancy came in above 70% on all but two nights in February. For more information about the company and its products and services, please visit www.costargroup.com . Additional Performance Data CoStar’s world-leading hotel performance sample comprises 94,000 properties and 12 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.

At ITB Berlin 2026, the conversation shifted from simply automating old processes to fundamentally rethinking how service is delivered. In a session moderated by Lea Jordan at ITB’s Hospitality tech Track, industry leaders Wolfgang Emperger (Senior Vice President Europe & Africa, Shiji Group, and General Manager for Reviewpro Reputation) and Otto K. Lindner (Co-Founder & Managing Director, HospitalityX) shared a vision for a “front desk-less” future – one where technology follows the guest, rather than dictating their journey. Moving Beyond the Magnet of the Front Desk Lea Jordan opened the session by challenging the traditional hotel arrival. “Isn’t it weird that when you come to a hotel, you always get drawn like a magnet to this front desk? Someone is looking at a computer and can’t really engage with you. That’s not what hospitality should be.” This sentiment served as the foundation for the discussion: how can hotels move away from structural barriers and toward a mobile-first approach that prioritizes genuine human connection? The Case for Individualized Brands Otto K. Lindner, whose company HospitalityX manages eight diverse properties across Germany, Austria, and Switzerland, emphasized that modern hospitality is moving away from the “big brand” cookie-cutter model. “We truly believe that individual hotels and concepts are more successful in the German market than those operated by big brands,” Lindner noted. By developing unique brands and choosing agile partners like Shiji for their PMS , HospitalityX creates tailored experiences – from the world’s first stadium hotel in Leverkusen to a fully digital apartment concept in Düsseldorf. When Systems Dictate Process Wolfgang highlighted a major friction point in current hospitality tech: the legacy of disconnected systems. “The problem we see is that information doesn’t follow the guests. We shouldn’t ask the guest to move to where the process happens; we need to make it easier for our team to act where the guest is.” Emperger used the example of reputation management. Often, guest feedback ends up in a back-office silo (marketing or data analysis) instead of reaching the front-line staff who could use it to personalize a return visit. “I’ve stayed at a hotel 50 times in a year, and they still ask, ‘Have you stayed with us before?’ The information is there; it’s just not accessible.” High-Tech vs. High-Touch: A Tailored Approach The panelists agreed that there is no one-size-fits-all solution for digitalization. It depends entirely on the target group: The Digital Concept: At the Zipper Hotel in Düsseldorf, HospitalityX opted for a “greenfield” approach with no reception. Guests check in and access their rooms via mobile keys. The Traditional Resort: In contrast, their resort in the Black Forest retains a traditional desk. Guests there want to talk through spa treatments and family activities in person. “Even five-star segments are willing to be more digital,” Lindner observed, “as long as it’s linked to a premium guest experience.” The Cultural Shift: Empowerment and Education One of the most significant hurdles to this vision is changing management. Moving to a mobile-first model requires a

The escalating war between the US, Israel, and Iran is creating the most severe disruption to global energy markets since the 1970s. The effective closure of the Strait of Hormuz has pushed oil prices briefly above $110 per barrel within days, while the shock is spreading to shipping, aviation, and trade, raising global recession and inflation risks, according to GlobalData , a leading intelligence and productivity platform. The operational profile of the war is widening beyond direct military targets and is now materially impacting commercial activity. The US and Israel have conducted more than 5,000 strikes inside Iran, targeting air defenses, naval infrastructure, and ballistic missile facilities. Iran has retaliated by targeting Israel and the US bases in Bahrain, Kuwait, Qatar, the UAE, and Jordan. This has created an elevated threat environment for critical infrastructure and cross-border trade routes in the Gulf. Energy and maritime logistics drive immediate economic shock The most immediate macroeconomic impact is being transmitted through energy supply and maritime shipping. The Strait of Hormuz is effectively closed to most traffic after Iranian threats and tanker attacks, leaving nearly 200 vessels stranded. Markets have repriced rapidly: oil has jumped from roughly $70 to above $110 per barrel in days, while Asian LNG spot prices have more than doubled. Higher fuel costs are feeding directly into transportation and distribution, with US diesel reaching a two-year high of $4.04 per gallon—raising the probability of renewed inflation pressure across multiple economies. Corporate disruption is already severe across several sectors. Qatar Energy and several Gulf refineries have suspended production or declared force majeure due to direct strikes and logistical blockades. Major shipping groups such as Maersk have halted Gulf operations, with many vessels rerouting around the Cape of Good Hope and adding 10–15 days to journeys alongside sharply higher fuel burn. Aviation has also been hit hard, with airlines including Emirates grounding thousands of flights due to airspace closures in the UAE, Qatar, and Kuwait, triggering immediate losses for airlines and downstream tourism economies. Ramnivas Mundada, Director of Companies and Economic Research at GlobalData Insurance and financial markets amplify the hit Risk pricing is intensifying the shock. War-risk insurance premiums for vessels have reportedly surged from around 0.05% to more than 0.5% of ship value, rendering some routes uneconomical and further tightening available shipping capacity for both energy and container trade. Equity markets have turned volatile; early in the conflict, the Dow Jones fell more than 400 points in a single session (March 2, 2026), reflecting investor concern over margin pressure, input-cost inflation, and broader geopolitical spillover. Most exposed sectors Energy (LNG, refining, petrochemicals): highest risk from physical disruption, force majeure, and shipping constraints. Shipping, ports, and freight forwarding : rerouting, capacity shortages, higher bunker fuel costs, and schedule instability. Aviation and tourism : airspace closures, cancellations, and demand shocks across hub markets. Manufacturing supply chains (autos, electronics, chemicals/plastics): feedstock shortages and freight cost inflation driving delays and margin compression. Marine and trade insurance : premium spikes, coverage restrictions, and increased

Tourism moves billions of people every year, supports hundreds of millions of jobs and drives trade across the global economy. Yet the data used to measure its true impact has often struggled to keep pace with the rapid growth and transformation of the sector. Closing this gap requires globally agreed standards. At the 57th session of the United Nations Statistical Commission – the world’s highest authority on official statistics – UN Tourism advanced efforts to strengthen how tourism is measured within the global economic system, helping governments and businesses rely on clearer, internationally comparable data. Tourism is one of the world’s most dynamic economic sectors, and it deserves data systems that reflect its true scale and impact. Strengthening global tourism statistics and linking them with business sustainability reporting helps ensure that decisions across the sector are grounded in reliable, comparable evidence. Secretary-General of UN Tourism, Shaikha Al Nuwais Strengthening Tourism in Global Trade Statistics One important outcome was the endorsement of the Manual on Statistics of International Trade in Services 2026, to which UN Tourism contributed. The updated framework strengthens how tourism is measured as a globally traded service, enabling countries to better capture tourism’s role within global trade flows and economic policy. The Commission also acknowledged the Statistical Framework for Measuring the Sustainability of Tourism (MST), recognized by the United Nations General Assembly as the first statistical model to measure tourism’s economic, social and environmental impacts together, beyond traditional GDP indicators. Linking Business Sustainability Data with Official Statistics On 4 March, UN Tourism convened the high-level side event “Bridging Macro and Micro Data in Sustainability: The Case of Tourism and the ESG Framework for Tourism Businesses.” The discussion explored how sustainability reporting by tourism businesses can align with internationally agreed statistical frameworks. By linking company-level ESG data with national statistics, the approach can improve consistency across the tourism economy, support small and medium-sized enterprises and reduce fragmented reporting requirements. The event was hosted at the Permanent Mission of the Kingdom of the Netherlands in collaboration with the UN Committee of Experts on Business and Trade Statistics, with support from Statistics Netherlands and sponsorship by easyJet holidays and Booking.com . Related links: ESG Framework for Tourism Businesses

While coliving has existed in various forms for decades, such as boarding houses, student dorms, and shared apartments, it has recently re-emerged as a formalized, branded model suited to the lifestyles of young professionals, digital nomads, and remote workers. Today’s coliving spaces offer more than just a place to sleep; they bundle housing with curated experiences, community events, and amenities like housekeeping, coworking areas, and fitness access. Companies in this space are rethinking urban living by blending flexibility, affordability, and a sense of belonging into one streamlined offering. This approach is gaining traction worldwide, particularly in expensive, high-density cities where affordable housing is scarce. As urbanization accelerates and traditional rental markets struggle to meet the evolving needs of transient populations, coliving offers an interesting alternative. The model appeals not just for economic reasons but also for the built-in social structure and convenience it provides. In this article, we explore the value proposition and viability of this business model. Coliving: What Is It? Coliving is a modern housing model where individuals (often strangers) live together in a shared space. Typically, residents have private bedrooms and share common areas such as kitchens, lounges, and workspaces. What sets coliving apart from traditional rental housing is the bundled nature of the offering: rent often includes utilities, high-speed Wi-Fi, cleaning services, and access to curated events or communal experiences. Some setups lean toward a more integrated, dorm-style experience, while others emphasize autonomy with optional social interaction. Whether short-term or long-term, the structure is designed for flexibility and ease. Unlike co-housing, which is usually resident-led and ownership-based, co-living is operated by a company that handles everything from leasing and furnishing to community programming. This managed model appeals to a mobile, convenience-focused generation looking to avoid the hassles of independent renting. At its core, coliving is built around three pillars: community, through intentional shared experiences and spaces flexibility, via short leases and turnkey setups; and affordability, by reducing per-person costs through shared resources. Who It’s For Coliving primarily attracts young professionals, entrepreneurs, and remote workers. This demographic typically values flexibility, convenience, and community over traditional housing arrangements. It’s especially appealing to those relocating to new cities, working on short-term projects, or seeking a plug-and-play lifestyle without the burden of long leases, furniture purchases, or utility setup. For international residents or solo renters, coliving offers an instant peer network, helping them feel connected in unfamiliar settings. Students, creatives, and even retirees exploring active urban living are also joining the mix. Why It’s Popular Coliving has surged in popularity because it offers a smart, lifestyle-oriented solution to the challenges of modern urban living. With rising housing costs, long rental commitments, and increasing social isolation, especially in large cities, many people are looking for flexible, community-driven alternatives. Coliving provides a turnkey experience involving fully furnished spaces, inclusive utilities, and built-in social networks, all managed under one roof. This convenience, paired with the opportunity to connect with like-minded peers, makes it especially attractive to millennials and Gen Z renters who prioritize

Enseo, the leading provider of personalized digital guest experience technology for hotels, today launched a renewed strategic focus, reflected in a reinvigorated brand identity and vision, to highlight its role in helping shape modern hospitality. For more than 26 years, Enseo has provided in-room entertainment and connectivity technology for hotels. As guest preferences continue to evolve and operational complexity increases, Enseo is expanding its vision, helping hotels deliver exceptional guest experiences while strengthening loyalty and revenue performance. The result is a modernized guest experience, greater visibility into property performance, and new opportunities for revenue and long-term business growth. Through one connected platform powering in-room entertainment, managed WiFi, hotel marketing, proactive property monitoring and employee safety devices, Enseo provides the dependable foundation hoteliers need to deliver a personalized digital experience with measurable impact on revenue and day-to-day operations. This refined focus and rebranding represents far more than a visual update; it reflects a strategic evolution for our company. Over the past several years, we’ve modernized our platform, expanded our capabilities and sharpened our focus on delivering measurable value for our hotel partners. Our new visual identity reflects the transformation happening across our business and the trust we’ve built through reliability and service. It signals our commitment to continued innovation and long-term growth alongside our hotel partners Brian Gurley, CEO of Enseo By combining modern hospitality experiences with traditional service fundamentals, Enseo helps hotel leaders strengthen guest loyalty, enhance brand differentiation, unlock new revenue-generating opportunities and reduce operating costs. Enseo’s newly adopted approach to collaboration reflects the company’s belief that exceptional hotel team experiences enable exceptional guest experiences – when guest experience and hotel experience work together, it drives meaningful business results. The new Enseo is focused on delivering personalization at scale, seamless connectivity and consistent performance across all installations. Our goal is to provide the foundation that makes modern hospitality possible, helping hotel leaders anticipate guest needs rather than react to them, while improving operational clarity and strengthening long-term financial performance. This next chapter reflects who we are today: a forward-looking and trusted technology partner committed to measurable impact, operational confidence and sustained value for our partners David Goldstone, President of Hospitality at Enseo For more information on Enseo, visit https://enseo.com/modern-hospitality .

One REIT Investment Corporation Acquires Five Hotels for JPY25.2 Billion in Japan Japan-based One REIT Investment Corporation is acquiring six real estate assets in Japan (five hotels and one office) for a total of JPY29.9 billion . The hotel component, comprising five assets with a combined acquisition price of approximately JPY25.2 billion , includes 63-key Quintessa Hotel Sapporo Susukino Relax & Spa in Hokkaido for JPY4.02 billion , 49-key Quintessa Hotel Kagoshima Tenmonkan Relax & Sleep in Kagoshima for JPY1.76 billion , 77-key Quintessa Hotel Fukuoka Hakata Relax & Sleep in Fukuoka for JPY4.18 billion , 73-key The Hedistar Hotel Narita in Tokyo for JPY4.77 billion , 189-key DoubleTree by Hilton Naha Shuri Castle in Okinawa for JPY10.46 billion . Currently, One REIT’s portfolio comprises 29 assets with a total asset value of approximately JPY141 billion . BAM Acquires Rydges Wellington and Sofitel Queenstown Hotel & Spa in New Zealand US-based global alternative asset manager, Brookfield Asset Management (“BAM”), has acquired two hotels in New Zealand — the 280-key Rydges Wellington and the 84-key Sofitel Queenstown Hotel & Spa — from New Zealand-based NZ Hotel Holdings (“NZHH”), a joint venture with NZ Super Fund , Russell Property Group and Lockwood Property Group . It is understood that BAM will invest NZD250 million in the acquisition and repositioning of the two hotels. Located in the capital city of Wellington , Rydges Wellington offers facilities including a restaurant and bar, swimming pool, spa and sauna, fitness centre, and conference facilities. Meanwhile, Sofitel Queenstown Hotel & Spa is situated in the popular resort destination of Queenstown and features two food and beverage outlets, a spa, fitness facilities, and meeting facilities. The acquisition further expands Brookfield’s hospitality portfolio in the Asia Pacific region, following its acquisition of 146-key Hotel X Brisbane for AUD58 million in 2024 and the mixed-use 60-key Hotel Gajoen Tokyo complex in 2025 . NZHH acquired Sofitel Queenstown for NZD60 million in 2020, and Rydges Welington for NZD100 million in 2021. 60 West Hotel Sold for HKD431 Million in Hong Kong with Planned Student Housing Conversion Soul Three Limited, a company linked to Hong Kong-based private equity firm, Gate3 Capital Limited , has acquired a property in 60-64 Des Voeux Road West in Sheung Wan for HKD431 million . The seller is understood to be from a long-established Chan family in Hong Kong, who acquired the site in 1964 for HKD450,000 and redeveloped the current building in 1977 . The asset occupies a 357 square metre (“sqm”) site and comprises a 22-storey building with a total gross floor area of approximately 5,328 sqm , translating to HKD80,900 per sqm . The property comprises the 60-key 60 West Hotel across Levels 3–17 , and other retail and office spaces on the other levels. Located approximately 10 minutes away from Sheung Wan and Sai Ying Pun MTR Stations, the property features a gym and a lounge. Based on the hotel component, the transaction price translates to approximately HKD7.2 million per key . Market

Having worked in the hotel business for over four decades, I know most people think the numbers are the “hard” part of hospitality. There’s a common belief that the financials are best left to professionals who can sort out the complex interplay between the different departments of a hotel. It’s just too challenging and complicated for anyone who didn’t go to accounting school. This idea is just a myth—one you can bust wide open with this Podcast Series. I have used Notebook LM to read my writings and magically turn them into a discussion - Just For You!