Household Spending Trends, Strength of the Economy Boosts Leisure Dema Runway for More Leisure Travel According to consumer surveys, projected leisure traveler spend in the next 12 months...
Project Mid-T by Marriott conversions will cost between $15-30K per room with a “low bundled fee” of 10.5%. Note: This story first appeared in Travel Weekly NEW YORK CITY – Marriott International...
Wyndham Hotels & Resorts is launching its 25th brand through a new partnership with extended-stay company WaterWalk. The deal adds 11 hotels and more than 1,500 rooms to the Wyndham...
The US Federal Reserve building is seen past caution tape in Washington, DC, on September 19, 2022. (STEFANI REYNOLDS/AFP via Getty Images) Holiday cheer never really infiltrated the US....
Hotel Outlook BCD projects average global hotel rates to increase by 6.8 percent year over year in 2024, according to the forecast. "Even as the pace of the recovery shows some signs of slowing,...
U.S. hotel companies and real estate investment trusts reported higher revenues from groups booking rooms in the third quarter. Business Transient Demand Slow and Steady Many publicly traded U.S....
One of the biggest challenges for PIPs and renovations right now comes down to aligning project costs with scope. “It’s difficult to always put your thumb on what pricing for specific products...
Marriott International is launching a new brand for the Europe, Middle East and Africa market. Four Points Express by Sheraton, designed for the midscale segment, is a response to “growing...
Hotel operators can combat rising rates with audits, accountability, and awareness of post-pandemic challenges Just as ensuring hotel safety requires leaving no asset or process unexamined, the...
Delivering an unrivalled commitment to quality and choice, new brand will be franchise-ready in early September ATLANTA (Aug. 16, 2023) – IHG Hotels & Resorts (IHG), one of the world’s...
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