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
Corp. Group Sales Focus Lights Path for Remington HotelsBy Angelique PlatasMeetings and group demand for Remington Hotels, a Dallas-based hotel management company with a portfolio of more than 110 properties, not only returned... KEEP READING
Hyatt: Q4 Group Revenue Fully Recovers, Corp. Travel LagsBy Angelique PlatasHyatt Hotels Corp.'s fourth-quarter business transient volume remained below pre-pandemic levels but shows “incremental improvement from the previous... KEEP READING
Wyndham Eyes 2023 Occupancy Bounce After Solid Q4By Angelique PlatasWyndham Hotels & Resorts' fourth-quarter revenue per available room exceeded pre-pandemic levels, and company executives on Thursday during an earnings... KEEP READING
Blueground Acquires On-Demand Renter Travelers HavenBy Angelique PlatasFurnished apartment rental provider Blueground has acquired Denver-based short-term housing service Travelers Haven, the company announced Thursday.... KEEP READING
Choice: Corp. Travel Momentum Should Continue in '23By Angelique PlatasChoice Hotels International’s fourth-quarter revenue, rates and occupancy all surpassed pre-pandemic benchmarks, while showing strength in the business... KEEP READING
Marriott: Q4 Corp. Travel Tops 2019, Group 'Bright Spot'By Angelique PlatasMarriott International’s fourth-quarter business transient demand reached nearly 90 percent recovery, with average daily rate and revenue per available... KEEP READING
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