STR Boosts U.S. Hotel Rate Forecast, Cuts OccupancyBy Chris DavisSTR and Tourism Economics now project an average 2022 U.S. daily room rate of $148, up from $145 in their previous forecast, issued in June.... KEEP READING
CWT: Expect Travel Prices to Keep Rising in 2023By Rob GillCorporates can expect travel prices to continue rising for the rest of 2022 and throughout 2023, according to the annual price forecast from travel... KEEP READING
HRS Adds GeoSure Data to Procurement ServiceBy Michael B. BakerHRS has integrated data from safety and security assessment provider GeoSure into its lodging and meetings procurement service, the company announced.... KEEP READING
Diverging from Peers, IHG Meetings Recovery LagsBy Elizabeth WestConfidence reigned among executives for business travel including meetings and events, however, with IHG CEO Keith Barr seeing “no indicators that the... KEEP READING
Short-Term Corp. Mtg. Surge Fuels Hyatt's Q2By Chris DavisThe company during the quarter realized "unprecedented" short-term group demand, Hoplamazian said during a conference call with investors.... KEEP READING
Choice: Q2 Corp. Travel Share Near Historical LevelsBy Chris DavisBusiness travel's share of Choice Hotels International's second-quarter volume was about 30 percent, approaching the company's typical historical level... KEEP READING
Marriott Q2: Group Accelerating Fast; Corporate Continues ReboundBy Elizabeth WestWith negotiations for many taking place for the first time in two years, CEO Tony Capuano predicted corporate rate hikes in the 'high single digits.'... KEEP READING
U.S. Hotel Pipeline Expands but Cost Concerns MountBy Chris DavisThe number of U.S. hotel construction projects in the development pipeline at the end of the second quarter was about 9 percent higher than one year... KEEP READING
Sonder Names Hebbar COOBy Chris DavisShort-term accommodation provider Sonder Holdings has named SVP of operations Deeksha Hebbar its COO, the company announced Tuesday. ... KEEP READING
Grasp Pilots Virtual Payment Integration with MarriottBy Michael B. BakerGrasp Technologies has worked with Marriott International to implement an automated workflow for virtual payments that it says could become an industry... KEEP READING
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