Some Meeting Changes Are Here to Stay, Say Hospitality ExecsBy Donna M. AiroldiGroup business is key to a full recovery of the hospitality industry, but when that will happen remains an open question, according to hospitality... KEEP READING
STR's Final 2020 U.S. Hotel Forecast Adjusted Slightly UpwardBy Donna M. AiroldiNew U.S. hotel industry forecasts from both STR and HVS anticipate that the full-year occupancy level will end the year at around 42 percent, according... KEEP READING
Report: U.S. Economy Extended-Stay Q3 Occupancy Nearly Matches 2019By Donna M. AiroldiThe U.S. extended-stay lodging tier reported improved third-quarter results compared with record lows of the second quarter, according to a report... KEEP READING
Extended Stay America Turns Q3 ProfitBy Donna M. AiroldiExtended Stay America turned in a relatively positive third-quarter performance, finishing $31.5 million in the black and reporting a comparable... KEEP READING
Lyric to Exit Apartment-Style Rental SpaceBy Donna M. AiroldiApartment-style lodging provider Lyric essentially will leave the hospitality rental space after its lease agreement at 70 Pine St. in New York City is... KEEP READING
Mint House to Expand to NYC, Sees Growth Accelerate During PandemicBy Donna M. AiroldiApartment-style lodging provider Mint House, which mainly targets business travelers, is set to open its first New York City location at 70 Pine St. in... KEEP READING
Marriott Notches Sequential Quarterly ImprovementBy Donna M. AiroldiMarriott International's third quarter improved over its second-quarter results, as president and CEO Arne Sorenson had predicted it would during the... KEEP READING
First IHG Atwell Suites to Open in MiamiBy Donna M. AiroldiThe first property in the Atwell Suites brand—which InterContinental Hotels Group introduced in May 2019—will open in summer 2021 in Miami, the company... KEEP READING
Hyatt Expects Depressed Business Travel and Group Results Through First Half of 2021By Donna M. AiroldiWhile some hotel companies that have reported third-quarter earnings have expressed cautious optimism on an improved fourth quarter and continued... KEEP READING
Choice Expects Growing Business Travel Demand in Q4 to Continue RevPAR ImprovementBy Donna M. AiroldiChoice Hotels, which in normal travel environments has a customer mix of about 70 percent leisure to 30 percent business transient, saw its leisure... KEEP READING
Oyo Hotels Looks to Business Travel for U.S. Economy-Tier NicheIndia-based hotel company Oyo Hotels in September promoted Kasra Moshkani to country head of the United States. Prior to joining Oyo in 2019 as region... KEEP READING
Apartment-Style Provider Kasa Living Raises $50M in Two VC RoundsBy Donna M. AiroldiIt remains to be seen whether apartment-style accommodations will continue to play a growing role in managed travel programs, as they were prior to the... KEEP READING
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