Hotel CEOs See Rougher Rate Talks AheadBy Michael B. BakerBuoyed by an improving demand outlook, hotels will take a hard line in asking for corporate rate increases in upcoming negotiations, according to a... KEEP READING
Most Gulf Hotels See Oil Spill Halting MeetingsBy Michael B. BakerA majority of hotels on the Gulf of Mexico coast now are reporting meeting cancellations as a result of the BP oil spill, according to data released... KEEP READING
JAL To Sell Lodging Portfolio To Hotel OkuraBy Michael B. BakerJapan Airlines Corp. is finalizing negotiations to sell its hotel portfolio to Tokyo-based Hotel Okura Co., news sources reported today.... KEEP READING
PKF, In Reversal, Sees Rise In 2010 RevPARBy Michael B. BakerPKF Hospitality Research today issued a forecast reversing its earlier prediction of a decline in U.S. revenue per available hotel room this year,... KEEP READING
Marriott Escalating Growth In ChinaBy Michael B. BakerMarriott International today announced plans to double its portfolio in China by 2015, aided by seven newly signed management agreements for properties... KEEP READING
Smith Travel Sees Hotel Rates Dropping Through SummerBy Michael B. BakerU.S. hotel rates will continue to decrease through the summer while occupancy climbs, according to the Smith Travel Research 2010 summer forecast... KEEP READING
Hyatt Sees Gains In Business, Group DemandBy Michael B. BakerHyatt Hotels Corp. today reported an increase in both transient and group demand during the first quarter of 2010 and rate growth at selected hotels,... KEEP READING
Starwood Revenue Up As North American Rates SlideBy Michael B. BakerStarwood Hotels & Resorts today reported revenue and occupancy across all brands increased year over year during the first quarter of 2010. Average... KEEP READING
Marriott Reports Rise In Business TravelBy Michael B. BakerMarriott International today reported that a strong uptick in business travel boosted occupancy in the first quarter of this year and it soon expects to... KEEP READING
Best Western To Label Properties By TierBy Michael B. BakerBest Western International this week announced that its owners have approved a new product descriptor program, under which the chain will subdivide its... KEEP READING
Hotel Occupancy, But Not Rate, Up In Central, South AmericaBy Michael B. BakerOccupancy is beginning to rebound in key Central and South America cities, though rate largely has yet to follow suit, according to data released today... KEEP READING
Investment Firm Buys Publicly Held LodgianBy Michael B. BakerLodgian stockholders on Thursday approved the hotel operator's acquisition by an affiliate of Dallas-based investment firm Lone Star Funds. Lodgian... KEEP READING
Starwood Sells Two New York Ws In Spring CleaningBy Michael B. BakerStarwood Hotels & Resorts this week sold two of its New York W properties, among the first in the brand's portfolio, to a United Kingdom hotel operator.... KEEP READING
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