Best Western Acquires Marketer of Luxury HotelsBy Jeremy Silk SmithBest Western Hotels & Resorts acquired the marketing consortium WorldHotels, which represents about 300 mostly independent hotels, last week. Best... KEEP READING
January's Year-over-Year U.S. Hotel Average Daily Rate Growth Was the Smallest Since 2010By Jeremy Silk SmithU.S. hotel ADR crept up 0.8 percent year over year to $124.39, the lowest ADR increase since July 2010, according to STR. Occupancy inched up 0.7... KEEP READING
Hilton Will Grow Its DoubleTree Brand in AsiaBy Jeremy Silk SmithHilton Hotels Corp. is scheduled to open 14 DoubleTree properties this year in the Asia/Pacific region, adding to the 50 already open there. Seven of... KEEP READING
IHG Moves Within Reach of 1 Million Rooms & Plans Yet Another New BrandBy Jeremy Silk SmithWhile InterContinental Hotels Group revenue grew a solid 12 percent to $1.93 billion in 2018 and net rooms increased 4.8 percent, revenue per available... KEEP READING
Choice Expands WoodSpring Suites' Western U.S. FootprintBy Jeremy Silk SmithChoice Hotels and ServiceStar Hospitality will develop 14 WoodSpring Suites in Arizona, Colorado and Nevada. The extended-stay brand has a larger... KEEP READING
Choice Hotels' Pipeline Grows to Largest in Company's HistoryBy Jeremy Silk SmithWhile Choice ramped up its pipeline and franchise agreements in 2018, growth in the company's revenue per available room looked fragile in the final... KEEP READING
Acquisition of Two Roads Buffered Tough Q4 for HyattBy Jeremy Silk SmithHyatt's net income soared to $769 million in 2018, despite a 79.2 percent year-over-year decline in fourth-quarter net income to $44 million and a mere... KEEP READING
IHG Acquires Luxury BrandBy Jeremy Silk SmithInterContinental Hotels Group has acquired luxury hotel brand Six Senses for $300 million in cash. IHG will acquire all Six Senses' operating companies... KEEP READING
Hilton Predicts 2019 Growth Ahead of Industry TrendsBy Jeremy Silk SmithHilton Worldwide reported low-single-digit growth in average daily rate and room revenue for the fourth quarter of 2018, along with double-digit growth... KEEP READING
Wyndham to Refresh Midscale & Economy BrandsBy Jeremy Silk SmithThe May acquisition of La Quinta continues to bolster Wyndham Hotels & Resorts. The hotel company's revenue grew from $312 million in the... KEEP READING
CWT-Serko Reseller Agreement Expands to U.S. & Canada & Adds RoomItBy Adam PerrottaCarlson Wagonlit Travel has extended its reseller agreement with Serko, expanding availability of Serko's award-winning Zeno T&E platform to CWT clients... KEEP READING
Great Hotels of the World Plans to Expand into U.S.By Jeremy Silk SmithGreat Hotels of the World wants to expand its footprint into the U.S. The European hotel marketing and distribution consortium plans to add six... KEEP READING
HRS Announces Two Hires Amid European Office ExpansionBy Jeremy Silk SmithIn January, hotel solutions provider HRS opened an office in Amsterdam and expanded its Paris branch to meet a spike in clients in the region. "Our... KEEP READING
Choice Hotels Adds 42 PropertiesBy Jeremy Silk SmithChoice Hotels International is set to expand its footprint across the U.S. with two development agreements. The hotel company has partnered with Checo... KEEP READING
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