Lodging

BCD Projects Lower 2024 Fares, Higher Hotel Rates in 'Complex' OutlookBy Angelique Platas

Average airfares are set to decrease globally in 2024 as the recovery loses "upward momentum," according to a new BCD Travel forecast, which also... KEEP READING

Report: Choice Buying Wyndham Shares, Plans Board FightBy Angelique Platas

Choice Hotels International has purchased Wyndham Hotels & Resorts shares and plans to nominate directors to serve on Wyndham's board as part of its... KEEP READING

HRS Adds Emissions Compensation Extension to Green StayBy Angelique Platas

Corporate lodging platform HRS has launched an extension to its Green Stay Initiative that allows hotels to compensate for "unavoidable emissions"... KEEP READING

FCM Projects Growing Demand, Stabilizing Prices for 2024By Michael B. Baker

Global travel costs have stabilized, and business travel volumes and budgets are poised to increase in 2024, according to FCM Consulting's Global... KEEP READING

STR: October U.S. Hotel Rates Rise, Occupancy SlipsBy Angelique Platas

Average daily rate and revenue per available room among U.S. hotels in October increased year over year as occupancy fell, according to hotel analytics... KEEP READING

Wyndham Board Again Rebuffs Choice Acquisition BidBy Angelique Platas

Wyndham Hotels & Resorts' board of directors has rejected Choice Hotels International's revised proposal to acquire the hotel company, calling Choice's... KEEP READING

STR Lifts '23 U.S. Hotel RevPAR Outlook on Higher RatesBy Angelique Platas

Average U.S. daily hotel rates in 2023 trended higher than projected, according to STR and Tourism Economics, which on Monday increased its growth... KEEP READING

CBRE: U.S. Hotel 2024 RevPAR to Improve as Headwinds EaseBy Angelique Platas

Following "stiff headwinds" to U.S. hotel demand and pricing power this year, CBRE Hotels Research has lowered projections for 2023 revenue per... KEEP READING

AHLA Survey: Expected '23 Corp. Travel on the RiseBy Angelique Platas

More than two-thirds of surveyed U.S. business travelers expected to travel for work during the last three months of 2023, as corporate travel... KEEP READING

Tripbam Adds Dynamic Discount Renewal to Hotel Sourcing ToolBy Angelique Platas

Corporate travel reshopping platform Tripbam plans to add new hotel request-for-proposals capabilities to its Smart Sourcing tool next year, including... KEEP READING

TripStax Releases Quality Control, Hotels ModulesBy Michael B. Baker

Travel management technology provider TripStax has added two new modules to its offerings: a quality control module not based on passenger name records... KEEP READING

Bizly, Tripbam Partner to Offer Small Mtg. PricingBy Angelique Platas

Meetings technology provider Bizly has partnered with corporate travel reshopping platform Tripbam to offer detailed market rate information for small... KEEP READING

Sonder Reconsiders Pricing Strategy as Q3 RevPAR DropsBy Angelique Platas

Short-term accommodation provider Sonder's third-quarter revenue per available room, average daily rate and occupancy all slipped year over year as the... KEEP READING

Hilton Plans 24 Hotel Openings Next YearBy Angelique Platas

New properties will include local brand launches in Asia-Pacific, Europe and the Middle East, and the United States... KEEP READING

Choice Adds International SVP and GMBy Angelique Platas

Choice Hotels International has appointed former Amazon executive Ricardo Losada Revol senior vice president and general manager of international... KEEP READING

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