Hotel CEOs loving limited rooms and high prices - Many travelers complain about today’s hotel prices. For the last six months, prices in Paris are 50% and in London 30% above 2019 levels.

Jun 7, 2023 • Hospitality

US hotel developers run out of cash as construction lending dries up - Financial stress on regional banks has forced developers to postpone projects or find other creative ways to raise capital.

Jun 7, 2023 • Hospitality

Fall business travel nears 2019 levels - Business travel international flight bookings for September to November trail 2019 levels by less than 10%, the best showing since that year.

Jun 7, 2023 • Travel

Malaysian island Penang bans short-term lets - Airbnb appealed against the legislation and while some homeowners will struggle with the lost income, other residents welcome the ban.

Jun 6, 2023 • Hospitality

STR lifts U.S. ADR and RevPAR forecast - While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.

Jun 6, 2023 • Hospitality

Marriott CEO on new paths for growth - Anthony Capuano wants to see the company expand faster internationally in hotel count and loyalty membership.

Jun 6, 2023 • Hospitality

American Airlines’ radical plan to reinvent business travel - The airline is betting against the traditional business of business travel, as 60% of its corporate deals aren’t hitting their goals.

Jun 6, 2023 • Travel

Marriott launches “affordable midscale extended stay brand” - The company has become the latest major hotel group to announce plans for a new extended stay concept.

Jun 6, 2023 • Hospitality