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March 03, 2015 - 04:10 PM ET

Starwood Hotels & Resorts plans to open more than 40 new hotels across Europe during the next five years, expanding its global portfolio nearly 30 percent, the company announced Tuesday. Fourteen hotels are expected to open in Europe in 2015, including five in Turkey. The company’s midmarket brands—Aloft, Four Points by Sheraton and Element—lead the development with more than 15 European hotels slated to open by 2017. 
 

March 03, 2015 - 03:30 PM ET

Chinese travelers will impact global travel demand significantly during the next 10 years, according to a report released by InterContinental Hotels Group and Oxford Economics. The report indicates that China’s travelers are trending toward long-haul international destinations for leisure travel and mixed business-leisure travel. Projections suggest the United States would experience the most Chinese demand outside Asia. New York City, Los Angeles, San Francisco, Washington, D.C. and Las Vegas all expect between 1 million and 2.4 million room nights from Chinese travelers in 2023. Other global cities predicted to see an uptick in Chinese demand include Sydney, Melbourne, London, Milan, Paris, Tokyo and Bangkok. 

March 02, 2015 - 02:15 PM ET

Starwood Capital Group officially completed its sale of Groupe du Louvre and Louvre Hotels Group, an indirect subsidiary of Groupe du Louvre, to Shanghai Jin Jiang International Holdings Co. for €1.3 billion, the company announced Sunday. Paris-based Louvre Hotels Group is the second-largest hotel group in Europe, with a portfolio of more than 1,100 hotels in more than 40 countries worldwide.

February 26, 2015 - 03:15 PM ET

Carlson Rezidor Hotel Group reported Thursday systemwide revenue of $7.8 billion during 2014, a 4 percent year-over-year increase. The company opened 57 hotels, a 16 percent increase from 2013, and signed 84 more properties. A brand-wide renovation of its more than 150 Radisson hotels is slated for completion during the first half of 2015. Carlson Rezidor also announced the first planned location of its select-service lifestyle brand, Radisson Red, in Shenyang Hunnan, China. The company continued to expand its global portfolio in 2014, building its pipeline in Africa, India, Russia and Turkey, and opening properties in Trinidad and Tobago, Sierra Leone, Gabon and Serbia. It also signed its first hotels in the Dominican Republic, Ghana, Moldova and Uganda.  

February 25, 2015 - 01:10 PM ET

Delta Air Lines plans to increase Wi-Fi speed and coverage on long-haul domestic routes and service between the United States and the Caribbean and Latin America beginning next year, the carrier announced Wednesday. Gogo in 2016 will begin replacing air-to-ground Wi-Fi technology with satellite-based technology on Delta's long-haul domestic aircraft. Additionally, Delta will install Gogo's satellite-based 2Ku system on more than 250 aircraft that service long-haul domestic routes and routes to Latin America and the Caribbean, according to the carrier. Delta projects it will have Ku-band Wi-Fi on 85 percent of its international fleet by the end of this year and on its entire international fleet by mid-2016.

February 25, 2015 - 01:05 PM ET

Hogg Robinson Group debuted an "end-to-end" software-as-a-service business targeted at the unmanaged travel sector. Operating independently within HRG, the "out-of-the-box" Fraedom launched this week in the United Kingdom, with more regions to follow, offering what HRG called "simple and inexpensive software-based solutions" that incorporate booking, payment, expense and data reporting functionalities. "Fraedom will be aimed primarily at the nonmanaged and individual sector within the overall travel market," according to HRG CEO David Radcliffe, "whilst HRG global travel management will continue to focus on the managed sector within the corporate travel space." HRG last year set aside £5 million to develop, build and market the new software-as-a-service business, with sights set on blending HRG-owned booking technologies with its Spendvision expense system. 

February 24, 2015 - 08:30 AM ET

January air transactions processed by mega travel agencies and settled through ARC fell 1.6 percent year over year, according to ARC data. Mega agencies include American Express, BCD Travel, Carlson Wagonlit Travel, Egencia, HRG and Omega World Travel. "Online" agencies as a group witnessed a 1.9 rise in January ARC air transactions, while the group of travel agencies defined by ARC as "other" posted a 2.5 percent increase in transactions. Total January U.S. travel agency ticket transactions rose 0.86 percent percent year over year, according to ARC.

February 19, 2015 - 04:20 PM ET

Air France-KLM reported earnings of €316 million for the fourth quarter of 2014 as the carrier continued to feel the effects of a 14-day pilot strike in September. The strike cut about €95 million from the company's earnings during the quarter. Total passenger revenues during the quarter increased 0.3 percent year over year to €4.86 billion. Capacity declined 0.2 percent, traffic increased 0.7 percent and the company's load factor increased 0.7 percentage points to 83.2 percent. Revenue per available seat kilometer declined 0.7 percent, and cost per available seat kilometer increased 0.3 percent. For the full year, Air-France KLM reported a loss of €198 million, compared with a loss of €1.82 billion in 2013. Executives said they plan to scale back investments by €300 million per year during the next two years.

February 18, 2015 - 12:40 PM ET

December premium traffic on international routes increased 2.8 percent year over year, according to the International Air Transport Association. Overall December international traffic increased 3.7 percent. International air travel passenger growth during the past several months has flattened, showing "a gradual slowdown in improvements in business confidence … with economic conditions in the Eurozone and China deteriorating," according to IATA. The largest year-over-year increase in December premium traffic was on mid-Atlantic routes (18.3 percent), and long-haul markets from the Middle East to Europe and Asia also performed well, the association reported. Premium traffic on North Atlantic routes in December increased 3.6 percent year over year.

February 17, 2015 - 03:15 PM ET

American Express Global Business Travel incorporated "near real-time flight status and tracking information" to its AX Connect duty-of-care offering so travel managers can see the impact current disruptions are having on an organization's travelers. Amex also introduced a "new asset management feature" that allows companies "to quickly locate and communicate with employees at a specific corporate location when a disruption occurs," the travel management company announced Tuesday.