Tripadvisor reports underwhelming Q2 results - Profit margins were negatively impacted by a decline of 7% in hotel revenue, the most profitable segment for the company.
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Olympics triples hotel prices in Paris - According to Google, travelers visiting Paris during the Olympics can expect to pay an average of $685 per night for a three-star hotel.
Oct 11, 2023 • Hospitality
Rising hotel rates barely keeping up with inflation, says IHG - Room rates have not exceeded inflation in any of its markets, says InterContinental Hotels Group.
Oct 24, 2023 • Hospitality
Choice Hotels calls on Wyndham to engage in discussions - Existing offer rewards Wyndham shareholders well in excess of the present value that could be achieved through a rational Wyndham standalone plan.
Oct 26, 2023 • Hospitality
OTA Insight rebrands as Lighthouse - Strategic shift unifies multiple company brands under a single Lighthouse brand, improving customer service and communications.
Nov 9, 2023 • Hospitality
How regional resorts navigate distribution deals with global hotel brands - Resorts that mix global brands’ distribution with third-party management models can lead to higher profitability margins, but navigating that relationship is often fraught.
Feb 28, 2024 • Marketing
European hotel values fail to reach pre-pandemic levels in 2023 - Elevated cost of debt in the first half of 2023 and the persisting macroeconomic challenges have resulted in a subdued market for hotel transactions.
Mar 12, 2024 • Hospitality
Skyscanner integrates ChatGPT into its travel app - Online travel platform is hoping to tap travelers who already use artificial intelligence to help with their travel itineraries.
May 15, 2024 • Hospitality
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