Kempinski 'Parts Ways' with CEO SmuraBy Donna M. AiroldiKempinski Hotels has decided to "part ways" with now-former CEO Martin Smura and named its COO of Europe, Bernold Schröder, as interim chairman and CEO,... KEEP READING
CBRE Sees Second-Half 2021 Corp. Demand Pickup for U.S. HotelsBy Donna M. AiroldiThe U.S. hotel industry will continue to struggle during the first half of 2021 because of the recent surge in Covid-19 cases, but recovery will pick up... KEEP READING
Hyatt Plans Boundless Portfolio Growth in AmericasBy Donna M. AiroldiAfter adding seven hotels in 2020 to its Boundless portfolio of lifestyle hotels in the Americas, Hyatt Hotels Corp. plans to nearly double that amount... KEEP READING
Frontdesk to Take Over More Stay Alfred PropertiesBy Donna M. AiroldiApartment-style provider Frontdesk by the end of December will add New Orleans to its growing list of destinations when it takes over 28 former Stay... KEEP READING
Airbnb IPO Valued at $47B, Trading to Begin on NasdaqBy Donna M. AiroldiAirbnb on Wednesday priced its shares for its long-awaited initial public offering at $68 per share, above its expected range of $56 to $60, for a $47... KEEP READING
Hyatt to Grow European Presence By More Than 30 PercentBy Donna M. AiroldiHyatt Hotels Corp. will expand its European presence with 22 new managed and franchised deals by the end of 2023, the company announced. ... KEEP READING
Best Western to Use Cvent Platform for Transient RFPsBy Dawit HabtemariamBest Western Hotels & Resorts parent BWH Hotel Group signed a 10-year agreement to use meetings technology provider Cvent's transient sourcing platform,... KEEP READING
Business Travel by the NumbersFollowing September and October demand levels that slightly exceeded projections, STR and Tourism Economics boosted their forecast of U.S. 2020 hotel... KEEP READING
PwC: Virus Spike Expected to Prolong U.S. Lodging RecoveryBy Donna M. AiroldiCiting the recent spike in Covid-19 cases, PricewaterhouseCoopers now anticipates a slower recovery than previously forecast for the U.S. lodging... KEEP READING
Hyatt Halves Loyalty Program Elite-Status QualificationsBy Donna M. AiroldiHyatt Hotels Corp. has reduced the qualifications needed to achieve elite status for World of Hyatt loyalty members by 50 percent for the 2021 calendar... KEEP READING
Accor to Take Full Ownership of SBE Hospitality GroupBy Chris DavisAccor has acquired the remaining 50 percent of the SBE hospitality group it didn't already own, the companies announced Tuesday, and will take full... KEEP READING
For IHG, SME Focus Offers an EdgeInterContinental Hotels Group in 2018 introduced its Business Edge product, geared toward small and midsize companies, and the company says it has... KEEP READING
Extended Stay America Adds Seven Properties to Its PortfolioBy Donna M. AiroldiExtended Stay America has added seven new properties to its portfolio through conversions, bringing the total number of hotels in its system to 647, the... KEEP READING
STR: U.S. Hotel Performance Shows Continued Slippage in OctoberBy Donna M. AiroldiU.S. hotel industry performance metrics showed continued slippage in October compared with September, according to STR. Occupancy increased a tick to... KEEP READING
IHG Reorganizes Global Sales Team with New AppointmentsBy Donna M. AiroldiInterContinental Hotels Group is reshuffling its global sales team with new appointments, effective Dec. 1, according to the company. ... KEEP READING
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