Dysfunctional Economy & Currency Propel Cost Confusion in CaracasBy Jay BoehmerAs Venezuela confronts governmental dysfunction, currency distortion, runaway inflation and price declines for oil, its primary export, the average... KEEP READING
As Asia/Pacific Demand Falls Short of Supply, Business Travel Costs DropBy Michael B. BakerAlthough the region is home to some of the priciest cities in the world, corporate travel costs are moderating across much of the Asia/Pacific region.... KEEP READING
As Occupancy Rates Surge, Atlanta Weighs New Hotel SupplyBy Chris DavisBuoyed by one of the sharpest year-over-year hotel occupancy increases among major U.S. markets in 2014 and an influx of large conventions, Atlanta is... KEEP READING
Hilton Worldwide will offer complimentary Wi-Fi to HHonors loyalty program members, regardless of booking channel used,Hilton Worldwide will offer complimentary Wi-Fi to HHonors loyalty program members, regardless of booking channel used, the company announced this week.... KEEP READING
HRG: Growth Of Hotel Rates Paid In Large Cities Overshadows Regional DeclinesBy Julie SickelThe average daily rate paid by Hogg Robinson Group clients in 2014 declined year over year in most global regions, but the growth in some of the largest... KEEP READING
Buyers Face Higher Rates, Tougher Terms At Hotels In 2015By Michael B. BakerAs hotels enjoy a seller's market with seemingly no end in sight, negotiations for 2015 corporate rates proved as difficult as expected for buyers—even... KEEP READING
Starwood Capital Group officially completed its sale of Groupe du Louvre and Louvre Hotels Group,Starwood Capital Group officially completed its sale of Groupe du Louvre and Louvre Hotels Group, an indirect subsidiary of Groupe du Louvre, to... KEEP READING
STR Global: January Hotel Rates Down Outside AmericasBy Julie SickelThe average daily hotel rate in January declined year over year in most global regions but increased in the Americas, according to STR Global.... KEEP READING
Interview: Sonesta International President And CEO Carlos FloresSonesta International Hotels Corp. in January named Carlos Flores, a top executive at the company during the past two years, as its new president and... KEEP READING
Increased Q4 Demand Bolsters Hilton And HyattBy Julie SickelHilton Worldwide and Hyatt Hotels Corp. on Wednesday announced steady fourth-quarter and year-end growth in group and transient travel segments,... KEEP READING
Van Paasschen Out As Starwood CEOBy Julie SickelFrits van Paasschen has agreed to step down as CEO and president of Starwood Hotels & Resorts, the company announced Tuesday.... KEEP READING
United Kingdom-based The Serviced Apartment Company claimed its 2014 revenue increased 21 percent year over year,United Kingdom-based The Serviced Apartment Company claimed its 2014 revenue increased 21 percent year over year, with corporate bookings up 15 percent... KEEP READING
Interview: NH Hotel Group Chief Commercial Officer Rufino PerezNH Hotel Group, Europe's third-largest hotel chain, on Feb. 3 announced further expansion with the acquisition of the 20-hotel Hoteles Royal group in... KEEP READING
Hilton Worldwide officially closed its sale of the Waldorf Astoria New York and will use the proceeds to purchase five properties,Hilton Worldwide officially closed its sale of the Waldorf Astoria New York and will use the proceeds to purchase five properties, the company announced... KEEP READING
Perspective: Let's Be Clear—The Purpose Of Travel Management Is To Create Business ValueBy Glenn HollisterThis is a response to Andrew Menkes' Perspective, "Managed Travel 2.0 Is Really Unmanaged Travel 2.0 ... But Either Way, It's 2.Late" (BTN, Jan. 20,... KEEP READING
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