Airlines are getting ready for a record-breaking Fourth of July. Omni Hotels' President tells us he sees significant advantages to owning its properties, unlike many major hotel brands. And three regional air travel startups announced fundraises.
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While many major hotel brands are focusing on asset-light growth strategies, Omni Hotels & Resorts has opted to build and, in most cases, own its properties.
Omni plans to spend $1.5 billion on development and renovations over the next five years.
Omni remains one of the last large hotel companies committed to a vertically integrated model, and it handles operations in-house.
"We are the owner-operator brand, which is really the last player in that regard. It allows us to do things others can't," Omni President Kurt Alexander told Skift.
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