Airbnb booked more than $1 billion in third quarter revenue

Airbnb is one of the big anticipated IPOs of next year and it's finally giving the public a taste of its revenue for the first time in its ten year history. The home-sharing startup recognized "substantially more" than $1 billion in revenue in the third quarter, according to a memo to be publicly released by Airbnb Friday. That would make it the company's strongest quarter since it was established in 2008. While other large private companies like Uber and WeWork have started to release more of their financial information ahead of public market debuts, Airbnb has held back. The company wouldn't comment on profitability or other data points, though a spokesperson told CNBC, "we'll continue to provide updates regarding our work as we go forward." But according to one person close to the company's financials, Airbnb is on track to be profitable for the second straight year, as measured by earnings before interest, taxes, depreciation and amortization. In 2017, the company posted $100 million in profit on $2.6 billion in revenue, said the source. Airbnb has been without a CFO since February when Laurence Tosi left, raising questions about who might help take Airbnb public when it is ready. He was highly regarded by Wall Street and helped turn the start-up profitable on an EBITA basis during his tenure. CEO Brian Chesky said the company would be ready to go public by mid-2019, but the company hasn't decided when. Airbnb is one of the most valuable start-ups in the US at $31 billion.

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Emirates Palace Luxury Hotel in Abu Dhabi, UAE; the most expensive hotel in the world with gold plated

A lavishly imagined dream, Emirates Palace offers you a magical location to enjoy the quintessence of award-winning 5-star luxury hospitality and authentic local experiences. From 394 luxurious rooms and suites, to our award-winning culinary cuisine, Emirates Palace is the definition of an unrivaled and Arabian fantasy. Located in the heart of Abu Dhabi, the Capital of the United Arab Emirates and only 40 minutes from the airport, Emirates Palace is grand in both its design and myriad of offerings. From a 1.3 km pristine beach, landscaped pools and a private marina overlooking a natural bay, Emirates Palace is perfect for a once-in-a lifetime holiday or for events and meetings that make a statement, with some of the city’s largest hotel conference centers and the latest technology.

Qatar considers Iran offer to host World Cup teams

Qatar is considering offers from Iran to host teams during the 2022 World Cup, as an alternative to the boycotting GCC countries which it had originally planned on working with. According to the chief organiser of the event, Hassan Al Thawadi, Iran has recently offered to host teams who will play in tiny Qatar in the World Cup which starts in four years time. When asked whether teams could be based in Iran, Mr Al Thawadi said Qatar had received "numerous proposals from countries with regard to hosting teams" around the time of the tournament. Mr Al Thawadi said he hoped Qatar's neighbours would lift a ban on their citizens visiting Qatar in time for the World Cup, which kicks off on November 21, 2022. The country's original pitch in its bid to host the tournament included plans to use facilities elsewhere in the Gulf. "I hope the blockading nations can see the value of this major tournament and can allow for their people to benefit from this tournament," he said.

A five-story "building" was spotted cruising along the Yangtze River in southwest China

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Appointment of Mr. Sadeq Iraninejad as the new head of the Yasuj Tourism Hotel

Hotel News - During a meeting attended by the head of the assessment and ranking of the Tourism and Tourism Group, Mr. Sadegh Iraninejad was appointed as the new head of the Yasuj Tourism Hotel.

Appointment of Mr. Ahmad Saiyan as head of the "Homa Ahmadabad" hotel in Mashhad

Hotel News - based on decree by the director of the hotel group, Mr. Ahmad Saiyan, as head of the "Homa Ahmadabad" hotel in Mashhad, was introduced and replaced by Mr. Fereidoun Movafegh.

Appointment of Nasser Hamidikhah as the new CEO of Parsian Kosar Hotel in Tehran

According to Hotel News, and by issuing a decree by the managing director of the Parsian Hotels Group, Mr. Nasser Hamidikhah was appointed to the new CEO of Parsian Kosar Hotel in Tehran.

Appointment of Mr. Milad Badiollahi to the head of Parsian Kosar Hotel in Tehran

According to the Hotel News and by issuing a decree from the Managing Director of the Parsian Hotels Group, Mr. Mehdi Badiollahi was appointed as the head of Parsian Kosar Hotel in Tehran and replaced by Morteza Shokri.

Appointment of Mr. Mehdi Abrishamkesh as Head of Improvement and Quality Assurance of the Parsian Hotels Group

According to Hotel News and in a meeting with the participation of the Managing Director of the Parsian Hotels Group, Mr. Mehdi Abrishamkesh was appointed as Managing Director of Quality Improvement and Quality Assurance for the Parsian Hotels Group.

Meliá Hotels Signs New Three Hotels in Vietnam and Thailand

Mr. Gabriel Escarrer Jaume, Executive Vice Chairman and CEO of Meliá Hotels International, the group’s Chief Operating Officer, Mr. André Gerondeau, and the Regional Vice President Asia Pacific, Mr. Bernardo Cabot, recently ended their Asia Pacific tour, during which they visited China, Thailand, Vietnam and Indonesia. During Mr. Escarrer’s trip, the company signed three new hotels: Meliá Hoi An and Meliá Phu Quoc in Vietnam, and Meliá Phuket Karon in Thailand. These new properties take Meliá Hotels International’s portfolio in Asia Pacific to 51 hotels, all scheduled to be fully operational by 2022. The company has seen spectacular growth over the last 6 years, growing from 6 operating hotels to 51 hotels in operation and pipeline. Since opening Meliá Bali in 1985, its first international hotel, Meliá has had a very strong focus on Asia, where it now has an extensive portfolio in 7 countries. In the medium term, the company expects that the growth of its Gran Meliá Hotels & Resorts, Meliá Hotels & Resorts, Sol by Meliá and INNSIDE by Meliá brands in the region may contribute to financial results and importance similar to that of their well-established and renowned Caribbean hotels. Furthermore, the company would like to bring other brands like ME by Meliá and Paradisus by Meliá from its portfolio to key destinations in APAC region. Over the last decade, the company has also focused heavily on China, a huge market in which it continues to make firm and consistent progress in increasing its hotel portfolio.