CBRE Hikes 2023 U.S. Hotel, Occupancy ForecastBy Angelique PlatasFollowing fourth-quarter U.S. hotel industry gains, CBRE Hotels Research has raised its 2023 revenue forecast, especially in the first quarter, the... KEEP READING
Sonder to Lay Off 14 Percent of Corp. WorkforceBy Angelique PlatasShort-term accommodation provider Sonder Holdings is laying off approximately 100 corporate employees, about 14 percent of its workforce, co-founder and... KEEP READING
Marriott Promotes Pinto to Revenue Head Amid ReorgBy Angelique PlatasMarriott International is reshaping its management structure amid two recent executive departures, promoting Drew Pinto to executive VP and chief... KEEP READING
Accor: Full-Year 2022 RevPAR Exceeds 2019 on Higher RatesBy Angelique PlatasAccor Group reported an “excellent” fourth quarter that lifted full-year 2022 revenue per available room above pre-pandemic levels, executives... KEEP READING
STR: January U.S Hotel Occupancy, Rates SlipBy Angelique PlatasAverage January 2023 U.S. hotel revenue per available room and daily rates topped pre-pandemic benchmarks while occupancy fell month over month,... KEEP READING
IHG: Business Travel 'Alive and Well' After Sturdy Q4By Angelique PlatasIHG Hotels & Resorts' fourth-quarter business travel revenue was driven by the Americas region, where rates again surpassed pre-pandemic levels and... KEEP READING
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