Lodging

Marriott's Sorenson Pegs 2017 Corporate Rate Increases At Mid-Single DigitsBy Julie Sickel

Though corporate rate negotiations are still underway, Marriott International CEO Arne Sorenson said early data suggests corporate rate increases will... KEEP READING

Hyatt Sees Slight Gains in Q3 ADR & OccupancyBy Julie Sickel

Hyatt Hotels Corp. reported gains in occupancy and average daily rate during the third quarter. Occupancy increased 1.1 percentage points year over year... KEEP READING

Airbnb Usage Is Increasing Among Corporate TravelersBy Julie Sickel

More employers and organizations are using Airbnb, according to Concur analysis of a subset of its clients. From the second quarter of 2015 and the... KEEP READING

U.S. Business Travel Forecast Rises Slightly for Next Three to Six MonthsBy Julie Sickel

The number of domestic business travel trips outpaced domestic leisure travel for the first time in more than a year during the month of September,... KEEP READING

October Offers Tepid Outlook for Bookings at North American HotelsBy Julie Sickel

"Inconsistent" is how TravelClick sums up the reservation pace at North American hotels in its October review. New bookings for the month overall are... KEEP READING

Hilton's Soft Third Quarter & Its New HNA RelationshipBy Julie Sickel

Hilton Worldwide revised its revenue-growth projections for the full year 2016 following a softer-than-expected performance during the third quarter.... KEEP READING

Sneak Peek at North American 2017 Hotel RFP Season TrendsBy Julie Sickel

Hotel experts have projected that buyers will experience more favorable negotiating conditions for the 2017 hotel request for proposals season, and HRS... KEEP READING

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

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