Transient Hotel Rate Drop Undermining Group RatesBy Michael B. Baker & Seth HarrisThe premium between transient and group hotel rates is shrinking or, in certain markets, vanishing completely, according to industry analysts, which... KEEP READING
Hilton Seeks To Launch New Luxury BrandHilton Hotels Corp. today announced it is negotiating to develop a new luxury brand in several gateway cities around the globe. The brand, Denizen... KEEP READING
Sorenson To Be Marriott's PresidentMarriott International today announced a new president and chief operating officer along with the shuffling of some of its other top executive... KEEP READING
Report Forecasts European Hotel Growth Grinding To A HaltHotel chain development in Europe will stagnate this year, with several major hoteliers on the continent already scaling back expansion plans,... KEEP READING
STR: U.S. Hotel Rates Fall As Occupancy PlummetsU.S. lodging industry occupancy and revenue per available room dropped by double-digit percentage levels in January compared with the previous year,... KEEP READING
Marriott Reports Falling Rates And RevenueMarriott International today reported a $10 million loss for the fourth quarter of 2008, largely caused by restructuring efforts and a revenue drop... KEEP READING
Checking In: Hilton Plans Move From Beverly Hills To D.C. AreaBy Michael B. BakerPegasus Solutions on Jan. 21 announced an agreement with Hotel Solutions, allowing the integration of their service options to provide a data feed so... KEEP READING
Hilton Launches Midprice Extended Stay Lodging Brand Home2 SuitesBy Michael B. BakerHilton Hotels Corp. has launched a midprice extended stay brand, Home2 Suites by Hilton, with plans to begin constructing the first property within a... KEEP READING
Hotels Cut Capital SpendingBy Michael B. BakerThe U.S. hotel industry is scaling back capital expenditures to their lowest levels in years, although industry analysts said travelers are unlikely to... KEEP READING
Hotels Loaded Negotiated Rates Faster, More Accurately This YearBy Michael B. BakerThe wait-and-see attitude some buyers adopted during hotel negotiations this past season has not severely delayed the 2009 rate-loading process, with... KEEP READING
Starwood Profit Plummets Amid Rate, Occupancy DeclineStarwood Hotels and Resorts is bracing for double-digit percentage drops in revenue per available room this year following an almost 46 percent drop in... KEEP READING
Hilton Launches Midprice Extended Stay BrandHilton Hotels Corp. today announced the launch of a midprice extended stay brand, Home2 Suites by Hilton, with plans to begin constructing the first... KEEP READING
India's Hotel Pipeline Outpacing Other Asia/Pacific CountriesIndia's hotel construction pipeline is holding up better than that of the overall Asia/Pacific region, and two major multibrand hotel companies this... KEEP READING
Buyers Find Room On RatesBy Michael B. BakerWith negotiations for 2009 hotel rates largely complete, buyers and consultants are reporting success in staving off increases in domestic rates, even... KEEP READING
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