Lodging

STR: U.S. Hotels Recover in October but Slowing Growth Expected for 2019By Julie Sickel

The U.S. hotel industry in October saw year-over-year gains in both occupancy and average daily rate, according to STR. Occupancy rose 0.8 percent to... KEEP READING

Bad Weather, Holiday Timings Dampen Choice's Q3By Julie Sickel

Choice Hotels International reported a 1.4 percent year-over-year decline in revenue per available room during the third quarter, driven by a 160-basis... KEEP READING

Marriott CEO Anticipates "Steady as She Goes" 2019 Hotel DemandBy Julie Sickel

Marriott International president and CEO Arne Sorenson during the company's recent earnings call touted a "steady as she goes" view of lodging demand... KEEP READING

Survey: In 2019, Corporates Expect Weaker U.S. Hotel Demand, Higher Travel Budgets & an Airbnb SlowdownBy Julie Sickel

In its annual AlphaWise Global Hotel Corporate Travel Survey, Morgan Stanley Research found that overall hotel demand for corporates is expected to... KEEP READING

Extended Stay America Posts Positive Q3By Julie Sickel

Extended Stay America reported year-over-year gains on both average daily rate and occupancy during the third quarter. ADR rose 0.5 percent to $69.35,... KEEP READING

Hyatt Expects to Close Two Roads Acquisition Within Three WeeksBy Julie Sickel

During Hyatt Hotels Corp.'s third-quarter earnings call, president and CEO Mark Hoplamazian shared additional details about the company's... KEEP READING

TripLink Adds HyattBy Dawit Habtemariam

SAP Concur TripLink has added Hyatt to its supplier network, allowing travel managers to gain visibility into bookings made directly on Hyatt's website.... KEEP READING

Wyndham Q3 Results Benefit from La Quinta BuyBy Julie Sickel

Wyndham Hotels & Resorts saw year-over-year revenue gains of 74 percent, to $604 million, during the third quarter, owing to its acquisition of La... KEEP READING

Gant Travel Strikes Partnership Agreement with Airbnb for WorkBy Julie Sickel

Gant Travel has formed a partnership with Airbnb for Work to make Airbnb content available to all its Concur Travel customers. Concur began... KEEP READING

Hilton CEO Speaks to Corporate Sentiment & Rate NegotiationsBy Julie Sickel

Hilton president and CEO Christopher Nassetta pegged 2019 corporate rate increases in the 2 percent to 3 percent range during the company's... KEEP READING

Uber Was Expensed the Most Often in Q3, While Lyft Cracked the Top 10By Adam Perrotta

Uber was expensed by businesses in North America more often than any other brand during the third quarter, according to Certify's latest SpendSmart... KEEP READING

U.S. Hotel Fees & Surcharges Projected to Hit $2.93B in 2018By Julie Sickel

Fees and surcharges at U.S. hotels are expected to hit a record $2.93 billion this year, according to analysis from Bjorn Hanson, industry consultant... KEEP READING

Hilton Launches Hostel-Inspired BrandBy Julie Sickel

Hilton has launched an urban microhotel brand called Motto by Hilton that borrows from the emerging lifestyle hostel trend in the lodging... KEEP READING

IHG Advances Strategic Initiatives in Q3By Julie Sickel

InterContinental Hotels Group is steadily progressing on strategic initiatives it first detailed in February with a relaunch of the recently... KEEP READING

AccorHotels Sees Revenue Gains in Q3 but Grapples with Onefinestay & John PaulBy Julie Sickel

AccorHotels reported revenue of 1 billion euros during the third quarter, a 7.6 percent year-over-year increase on a like-for-like basis. The... KEEP READING

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