Lodging

Accor Restructures Mövenpick, Sells OrbisBy Donna M. Airoldi

Accor has had a busy quarter of deals. The Paris-based hotel company has agreed to sell 16 Mövenpick Hotels & Resorts hotel leases, located in Germany,... KEEP READING

Multiple Lawsuits Allege Major Hotel Cos. Failed to Prevent U.S. Sex TraffickingBy Donna M. Airoldi

At least two federal lawsuits and one motion to consolidate 21 existing cases were filed Dec. 9 on behalf of women claiming they were sexually... KEEP READING

Pop-Up Lodging Company WhyHotel Secures $20 Million in Series B FundingBy Donna M. Airoldi

WhyHotel has secured more than $20 million in a Series B funding round led by Harbert Growth Partners, the company announced. The company operates... KEEP READING

Hyatt Expands SLH PartnershipBy Donna M. Airoldi

Hyatt Hotels Corp. has expanded its World of Hyatt loyalty alliance with Small Luxury Hotels of the World.... KEEP READING

Airbnb Contributes to Zeus Living's $55 Million Series B FundingBy Donna M. Airoldi

Extended-stay furnished housing provider Zeus Living has secured $55 million in Series B funding with investments from Airbnb, Comcast, CEAS Investments... KEEP READING

Accor Sells Stake in Huazhu GroupBy Donna M. Airoldi

Accor has sold half of its 10 percent stake in Chinese hotel management company Huazhu Group Limited, formerly known as China Lodging Group, for $451... KEEP READING

Business Travel by the Numbers

For the fourth time this year, STR downgraded its 2019 U.S. hotel forecast, and now calls this year the industry’s worst since the 2007-2009 recession,... KEEP READING

OYO Names New India, South Asia CEOBy Donna M. Airoldi

OYO Hotels & Homes has appointed Rohit Kapoor as CEO for India and South Asia. He most recently was CEO of OYO's new real estate businesses, where he... KEEP READING

Ken Greene Departs Radisson Hotel GroupBy Donna M. Airoldi

Ken Greene, president of the Americas for Radisson Hotel Group, resigned from the company effective Dec. 2, citing personal reasons, the company... KEEP READING

Wyndham Appoints New CFOBy Donna M. Airoldi

David Wyshner has stepped down as CFO of Wyndham Hotels & Resorts and will be succeeded by Michele Allen, formerly EVP and treasurer, effective... KEEP READING

Red Lion Hotels Appoints Industry Veteran as Interim CEOBy Donna M. Airoldi

Red Lion Hotels Corp. appointed John Russell Jr. as interim CEO, replacing Greg Mount, who left the company in November after serving nearly... KEEP READING

Midsize Hotel Programs: Strike the Right Balance in a Changing LandscapeBy Hotel Connex VP David Marcus

Travel buyers with small and medium-sized programs have more choices than ever in finding discounts and special pricing for hotels. Sadly, it has not... KEEP READING

Extended Stay America Appoints New CEO, EVPsBy Donna M. Airoldi

Extended Stay America named lodging industry veteran Bruce Haase as its new president and CEO, effective immediately. He succeeds Jonathan Halkyard, who... KEEP READING

CBRE Forecasts Muted Growth Through 2021 for U.S. Hospitality IndustryBy Donna M. Airoldi

In synch with recent corporate and STR U.S. hotel industry downgraded forecasts, CBRE Hotels in its December 2019 Hotel Horizons report anticipates... KEEP READING

U.S. Hotel Performance Slumped Again in OctoberBy Donna M. Airoldi

Coming on the heels of another downgraded projection for the U.S. hotel industry, STR's October U.S. performance report showed year-over-year declines... KEEP READING

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