Lodging

Revised NYU Forecast for Corporate Hotel Rate Negotiations Predicts Even Bigger Boon for BuyersBy Julie Sickel

Corporate rates could increase even less than first forecast for 2017, according to Bjorn Hanson, a clinical professor for the NYU School of... KEEP READING

Wyndham Reports Q3 Bump in ADR but Decline in OccupancyBy Julie Sickel

Wyndham Hotel Group's average daily rate increased year over year to $71.80 during the third quarter, up from $70.63 in last year's third quarter.... KEEP READING

ESA Grows Occupancy & ADR in Q3By Julie Sickel

Extended Stay America saw average daily rate increase 2.4 percent year over year to $68.84 during the third quarter. Occupancy increased from 78.4... KEEP READING

HNA Will Buy 25 Percent Stake in Hilton from BlackstoneBy Julie Sickel

China's HNA Group will acquire a 25 percent equity interest in Hilton Worldwide from Blackstone. The deal is valued at approximately $6.5 billion,... KEEP READING

IHG Sees Modest RevPAR Gains in Q3By Julie Sickel

InterContinental Hotels Group saw revenue per available room increase 1.3 percent year over year during the third quarter. The company did not report... KEEP READING

ADR & Occupancy Rose at U.S. Hotels in SeptemberBy Julie Sickel

Rosh Hashanah and Yom Kippur shifted to October in 2016, benefiting U.S. hotels' September year-over-year results, according to STR. Revenue per... KEEP READING

AccorHotels Sales Up After FRHI BuyBy Julie Sickel

AccorHotels experienced a €145 million revenue bump during the third quarter as a direct result of its FRHI acquisition. The deal, which closed July 12,... KEEP READING

Loews CEO Resigns & Tisch Steps InBy Amanda Metcalf

Effective immediately, Kirk Kinsell has resigned as Loews Hotels CEO after two-and-a-half years, citing personal reasons. Jonathan Tisch will become... KEEP READING

STR: Hotel Industry 'Bracing for a Slowdown'By Julie Sickel

With less than two weeks before major hotel companies release earnings for the third quarter, September's Baird/STR Hotel Stock Index paints a grim... KEEP READING

Marriott's Hotel of the FutureBy Julie Sickel

Marriott International this week unveiled M Beta at Charlotte Marriott City Center, an experimental hotel that allows Marriott to solicit guest feedback... KEEP READING

Business Transient Bookings Are Down at North American HotelsBy Julie Sickel

Third-quarter business transient bookings at North American hotels are down 4.9 percent from this same time last year, according to TravelClick. Average... KEEP READING

Marriott Expands Africa PortfolioBy Julie Sickel

Marriott International has signed six hotel deals in Africa, the first signings for the company since its acquisition of Starwood Hotels & Resorts... KEEP READING

Member Exclusive Offers—A Bold Move by the Lodging Industry. What’s Next?By Partnership Travel Consulting EVP David Townshend

It has been interesting to watch the major hotel companies’ recent attempt to shift bookings to their direct on-line channels by incentivizing members... KEEP READING

Four Seasons Promotes New Class of Operations ExecutivesBy Julie Sickel

Four Seasons Hotels and Resorts promoted Christian Clerc to president of worldwide hotel operations and Vince Parrotta to president of hotel operations... KEEP READING

Power Will Shift from Sellers to Buyers in 2017 Hotel RFP SeasonBy Julie Sickel

The average corporate negotiated hotel rate will increase by between 3.25 percent and 4 percent in 2017, according to analysis that will be released... KEEP READING

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