Lodging

Peninsula Waives Cancellation Fees at All Properties WorldwideBy Donna M. Airoldi

Peninsula Hotels has extended the cancellation policy it enacted due to the spread of the coronavirus to all of its properties, not just those in... KEEP READING

Amid Rapid Growth and Big Losses, Oyo Rooms CEO Details Global Strategy

Fast-growing Indian-based hotel company Oyo Rooms increased its fiscal year 2019 revenue 350 percent to $951 million, with about 64 percent of total... KEEP READING

Marriott Finishes 2019 with Mixed ResultsBy Donna M. Airoldi

Marriott International reported fourth-quarter 2019 systemwide comparable global revenue per available room growth of 1.1 percent year over year in... KEEP READING

Extended Stay America Q4 RevPAR, Rate Continue DeclineBy Donna M. Airoldi

Extended Stay America's fourth-quarter comparable systemwide revenue per available room declined 0.8 percent year over year, driven by a 4 percent... KEEP READING

Amex GBT Partners with Apartment-Style Startup Mint HouseBy Donna M. Airoldi

Apartment-style accommodation provider Mint House has partnered with American Express Global Business Travel, Mint House CEO and cofounder Will Lucas... KEEP READING

Wyndham Unveils New Meeting Booking ServicesBy Adam Perrotta

Wyndham Hotels & Resorts has launched a pair of new web-based tools designed to cater to corporate travel buyers planning small and midsize meetings,... KEEP READING

Hilton's All-Suites Brands Add More Than 120 Properties in 2019By Donna M. Airoldi

Hilton Worldwide's all-suites brands—Embassy Suites by Hilton, Homewood Suites by Hilton and Home2 Suites by Hilton—in 2019 collectively opened more... KEEP READING

Several Hotel Chains Extend Greater China Cancellation WaiversBy Donna M. Airoldi

Several hotel companies have extended their relaxed cancellation policies for travel to and from Greater China due to the COVID-19 outbreak. Most chains... KEEP READING

Hyatt Posts Slight 2019 Performance Growth, Record Rooms ExpansionBy Donna M. Airoldi

Hyatt Hotels Corp. reported mostly positive 2019 systemwide performance metrics, reporting a 0.5 percentage-point year-over-year gain in occupancy and... KEEP READING

Accor Posts Positive 2019 Results Despite Asia-Pac FalloffBy Donna M. Airoldi

Accor reported year-over-year growth in 2019 for its three key performance indicators as well as its revenue, which increased 3.8 percent on a... KEEP READING

STR: 2020 U.S. Hotel Performance Starts Strong in JanuaryBy Donna M. Airoldi

The U.S. hotel industry began 2020 with positive January results in the three key performance indicators, according to STR. Compared with January 2019,... KEEP READING

U.S. Small-Group, Hong Kong Slowdowns Mar 2019 IHG PerformanceBy Donna M. Airoldi

InterContinental Hotels Group for 2019 reported a 0.1 percent year-over-year increase in global occupancy, a 0.4 percent drop in average daily rate and... KEEP READING

Soft Oil Sector Dents Choice Hotels' Q4 Revenue, Average RateBy Donna M. Airoldi

Choice Hotels' systemwide revenue per available room declined year over year for both the fourth quarter and full-year 2019, at 2.1 percent and 0.9... KEEP READING

U.S. Hotel Loyalty Bookings Reach All-Time HighBy Donna M. Airoldi

Loyalty-related U.S. hotel bookings in 2019 increased 7.6 percent year over year to 56.2 percent, the highest figure on record, according to hotel... KEEP READING

Wyndham's Q4 RevPAR Drop Foreshadows Potentially Rocky 2020By Donna M. Airoldi

Wyndham Hotels & Resorts' fourth-quarter systemwide revenue per available room was down 3 percent year over year on a constant-currency basis, the... KEEP READING

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