Oyo Raises $660M in Term Loan B FundingBy Donna M. AiroldiIndia-based hotel company Oyo Rooms has raised $660 million from global institutional investors in term loan B funding, the company announced. Oyo will... KEEP READING
J.D. Power Survey: Hotel Guests Want Breakfast BackBy Donna M. AiroldiOne major change at many hotel brands since the pandemic started has been the removal or downsizing of breakfast. This change has not gone over well... KEEP READING
Radisson Names Buoy Chief Commercial OfficerBy Donna M. AiroldiRadisson Hotel Group Americas has appointed former Extended Stay America executive Tom Buoy as EVP and chief commercial officer, the company announced.... KEEP READING
Choice Tightens Cancellation Policies, Following Other Hotel Cos.By Donna M. AiroldiThe days of eased cancellation policies for hotels and extensions for loyalty status are coming to an end. Choice Hotels this month announced that,... KEEP READING
Strong Demand for Meeting Space Could Trigger 2022 'Compression'By Donna M. AiroldiIt hasn't taken long after the rollout of Covid-19 vaccines for industry experts to start using the word "compression" when referring to negotiations... KEEP READING
Hilton Converts First Signia PropertyBy Donna M. AiroldiHilton Worldwide has renovated and converted the former Hilton Orlando Bonnet Creek to become the first property in the upper-upscale meetings-focused... KEEP READING
Pension Fund Sues Extended Stay America Over $6B SaleBy Donna M. AiroldiA Michigan pension fund shareholder of Extended Stay America has filed a lawsuit against the hotel company in connection with its acquisition by... KEEP READING
Kalibri: Weekly U.S. Hotel ADR Within 4 Percent of 2019 LevelBy Donna M. AiroldiThe U.S. hotel average daily rate for the week ending June 25 was just 4 percent below the rate for the same period in 2019, according to Kalibri Labs.... KEEP READING
CBRE: Rate to Lead U.S. Hotel RevPAR Recovery as Occupancy LagsBy Donna M. AiroldiThe U.S. hotel average daily rate will exceed 2019 levels by 2024, according to the latest CBRE Hotels Research forecast, which also projects revenue... KEEP READING
Extended Stay America Launches 'Premium' BrandBy Chris DavisExtended-stay hotel company Extended Stay America has assigned 25 "new or completely renovated" U.S. properties to a new higher-end brand with upgraded... KEEP READING
Report: U.S. Extended-Stay Occupancy Nearly Reaches '19 LevelBy Chris DavisOccupancy at U.S. extended-stay hotels in April returned almost entirely to April 2019 levels, recovering from the effects of the Covid-19 pandemic,... KEEP READING
Tripbam: Corp. Hotel Rates Set to Hit 2019 Levels by Year-EndBy Donna M. AiroldiCurrent business travel volume is about 30 percent of 2019 levels, and average daily hotel rates remain lower as well but are increasing, according to... KEEP READING
U.S. Commerce Secretary Calls Corp. Travel Restart 'Top Priority,' Details FewBy Chris DavisU.S. Secretary of Commerce Gina Raimondo on Wednesday said that restarting business and international travel was a "top priority" of the federal... KEEP READING
AHLA Relaxes Mask Guidance for U.S. Hotel Employees, Chains Following SuitBy Donna M. AiroldiThe American Hotel & Lodging Association has eased its Safe Stay guidelines regarding mask wearing for U.S. hotel employees In response to updated... KEEP READING
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