Lodging

Etc.venues Debuts Event Space in NYCBy Donna M. Airoldi

London-based conference venue provider Etc.venues has opened its first location outside of the U.K., in New York City. The company first announced it... KEEP READING

Hotels Again Modify Cancellation Polices, Loyalty Programs Amid OutbreakBy Donna M. Airoldi

With more destinations throughout the world declaring states of emergency due to the coronavirus' spread, several hotel companies have further eased... KEEP READING

Apartment-Style Startup Lyric to Close 30 Percent of Its Current UnitsBy Donna M. Airoldi

Lyric, an apartment-style accommodation provider, has cut 25 people from its 150-person workforce and will close 179 of its 600 units nationwide amid a... KEEP READING

Kempinski to Add 6,000 Hotel Rooms Via Beijing Tourism Group PartnershipBy Donna M. Airoldi

The Switzerland-based luxury hotel company Kempinski announced that it is adding 6,000 rooms in Beijing through a joint venture with the Beijing Tourism... KEEP READING

Hyatt Pulls 2020 Guidance Due to COVID-19 EffectsBy Donna M. Airoldi

Hyatt Hotels Corp. has withdrawn its previously announced 2020 outlook due to the effect of the coronavirus outbreak, the company announced. A statement... KEEP READING

U.S. Extended-Stay Market Reports Solid Occupancy Amid Strong Rooms GrowthBy Donna M. Airoldi

The U.S. extended-stay market in 2019 added nearly 32,000 new rooms, a 6.9 percent year-over-year increase, the largest such gain in rooms since 1999,... KEEP READING

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

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