The role of profitability data in hotel benchmarking - No benchmarking experience can be considered comprehensive without frequent insight into the bottom line, according to STR.

Nov 14, 2023 • Hospitality

CWT recapitalizes again - The TMC is now owned by a consolidated group of investors committed to supporting the long-term growth of the business.

Nov 14, 2023 • Travel

$1.4T global travel gross bookings projected in 2023 - Phocuswright research projects $1.4T in global travel gross bookings in 2023, just 4% below 2019 levels.

Nov 14, 2023 • Travel

Chinese outbound travel on the rise - Chinese travelers are taking more trips abroad, which should boost demand across the Asia-Pacific region and beyond.

Nov 14, 2023 • Travel

PwC tempers U.S. hotel forecast as demand slows - The company softened its projections for U.S. hotel occupancy in 2023 and 2024 amid economic concerns and an uncertain outlook for corporate travel.

Nov 14, 2023 • Hospitality

Airlines predict record Thanksgiving US holiday travel - Major U.S. airlines and the Transportation Security Administration expect record air travel over the Thanksgiving holiday air travel period.

Nov 14, 2023 • Travel

Can a crackdown end fake reviews? - A wave of regulation and industry action has placed the flourishing fake review business on notice. But experts say the problem may be insurmountable.

Nov 14, 2023 • Hospitality

Travelers face another year of disruption in 2024 - Demand is recovering faster than supply, which means delays and higher prices.

Nov 14, 2023 • Travel