Smith Travel Research is holding firm to its forecast of continued hotel occupancy, revenue and rate declines through 2010, despite seemingly sunnier results posted by the U.S. lodging industry in July.

Negotiated corporate hotel rates for 2012 should increase between 5 percent and 6 percent year over year, New York University Tisch Center for Hospitality divisional dean Bjorn Hanson said in a forecast...

The consolidated dollar value of airline tickets sold by U.S.-based travel agencies totaled $8.8 billion in May, a 5.7 percent year-over-year rise, according to Airlines Reporting Corp. The average...

Procter & Gamble last month consolidated to a single global travel management company, Business Travel International, with the help of IBM, its business process outsourcing company. Even so, the...

Brussels Airlines has pushed back its planned restart of long-haul service but still plans to grow overall capacity during the next several months.  

Travelport this week announced the launch of a joint venture with payment processor PSP International for a payment, settlement and reporting platform for agencies and other travel suppliers, including...

Corporate travel managers and agencies have a new sales leader at Wyndham Hotel Group with the appointment of Carla Dunn to vice president of global sales for transient and specialty markets.

Avis Budget Group's revenue declined 2 percent year over year in the first quarter to $1.9 billion, due in part to decreased demand during the government shutdown and to severe winter weather, the...

Corporate housing supplier Oakwood Worldwide in recent years has expanded its global footprint not only through the growth of its own brand but also through its 2012 acquisition of Marriott...

With its WorldTravel BTI contract set to expire at the end of this year, American Standard Companies was well-situated to evaluate the two separate travel management companies that emerged from that...