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
STR: U.S. Hotel Recovery Accelerates in MayBy Donna M. AiroldiAll three key performance metrics for the U.S. hotel industry—occupancy, average daily rate and revenue per available room—improved from April and... KEEP READING
New HRS Payments Growth Chief Knackstedt Sees Opportunity In RecoveryWhen corporate travel industry veteran Kurt Knackstedt recently took over as chief growth officer for HRS's Payment Solutions business unit, it became... KEEP READING
Flight Centre Partners with HotelHubBy Adam PerrottaFlight Centre Travel Group has signed a deal with aggregator technology specialist HotelHub to provide booking content for Flight Centre's travel... KEEP READING
Extended Stay America: Shareholders OK Purchase Offer in Preliminary CountBy Donna M. AiroldiExtended Stay America shareholders on Thursday voted in favor of the proposed purchase of the company by Blackstone Real Estate Partners and Starwood... KEEP READING
Traxo Teams with Newcomer BTP Automation to Overhaul Hotel Sourcing ProcessBy Elizabeth WestOff-channel booking capture technology Traxo has partnered with Plano, Tex.-based Business Travel Performance Automation to create a hotel program... KEEP READING
Hotel CEOs 'Cautiously Optimistic,' Bullish on Business Travel ReturnBy Donna M. AiroldiThe Memorial Day holiday was a boon for the lodging industry as pent-up leisure demand came roaring back, even setting occupancy or revenue per... KEEP READING
CWT Adds AI Recommendations to RoomItBy Mark FraryCWT has added a recommendation engine powered by AI to its RoomIt hotel platform. ... KEEP READING
Service Properties Trust Amends Hyatt AgreementBy Donna M. AiroldiService Properties Trust has amended its agreement with Hyatt Hotels Corp. regarding the management of 22 Hyatt Place properties for which Hyatt had... KEEP READING
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