Breaking Business Travel News

STR and Tourism Economics project Beijing, Guangzhou and other major Chinese markets are expected to see hotel performance increases in 2020.

2 weeks ago

Related Articles - Hotels


Supported by lower interest rates, transaction activity held up during a year of uncertainty. This article addresses recent trends in hotel sales and capitalization rates, the course of hotel values since the last downturn, and the outlook for 2020.

8 hrs, 16 mins ago

Four Seasons Hotels and Resorts continues to expand its global portfolio with strategic openings of new hotels, resorts and branded private residences in the world’s most desirable locations.

8 hrs, 39 mins ago

Located at 690 Marketplace Boulevard, the Fairfield by Marriott Inn & Suites Locust Grove I-75 South will operate as a Marriott franchise, owned and managed by Forsyth Hospitality.

8 hrs, 44 mins ago

The Ritz-Carlton, South Beach has re-opened its doors following a $90 million, multi-year renovation that touched all elements of the property.

8 hrs, 46 mins ago

Candidate Recently Began Fellowship at Award-Winning Omni Shoreham Hotel in Washington, D.C.

8 hrs, 56 mins ago

For full-year 2019, the Caribbean hotel industry reported a 5.6% increase in average daily rate to $218.82, which overcame a 2.7% dip in occupancy to 63.7% to lift revenue per available room 2.8% to $139.45.

8 hrs, 59 mins ago

At the close of 2019, analysts at Lodging Econometrics (LE) report that the total U.S. construction pipeline continues to grow with 5,748 projects/708,898 rooms, up 4% by projects and 6% by rooms year-over-year (YOY).

9 hrs, 5 mins ago

For full-year 2019, Mexico’s hotel industry reported negative performance, with a 2.6% decline in both occupancy and average daily rate resulting in a 5.1% decrease in revenue per available room compared to 2018.

9 hrs, 8 mins ago

In the most recent Lodging Econometrics (LE) Construction Pipeline Trend report on Los Angeles, LE states that Los Angeles has a total of 168 projects/28,501 rooms in the construction pipeline, the largest pipeline of any market in the U.S.

9 hrs, 28 mins ago

Revenue per available room down -0.2 Percent to CAD107.81

9 hrs, 45 mins ago