As North American hoteliers head into the spring season, new commitments that have been added over the last month are down -1.6 percent, and committed occupancy for the first quarter of 2017 through the fourth quarter is down -1.2 percent compared to last year, according to new data from TravelClick’s March 2017 North American Hospitality Review.
The merger between Marriott and Starwood might have been completed in late September 2016, but that was just the beginning. Since that time, owners and their asset managers have awaited confirmation that related merger expenses would be "net neutral," as initially promised.
To empower TravelClick’s media campaign managers to more effectively drive direct booking revenue for their hotel clients, TravelClick, a global provider of innovative, cloud-based and data-driven solutions for hotels to maximize revenue, has announced the launch of the hospitality industry’s only Media Intelligence Platform.
Looking to draw new clients? A new study from HotelsCombined points to the continued importance of mobile devices for travelers looking to book their vacation. According to the study, hotel bookings on mobile devices increase 67 per cent in the US in 2016 compared to the previous year.
Club Med is on an expansion tear following its 2015 acquisition by China’s Fosun Group. The Paris-based originator of the all-inclusive resort plans to open 15 properties and renovate nine over the next three years, with a heavy emphasis on its parent company’s home turf.
New York City has been working through an enormous hotel construction pipeline for the past several years — the largest in the nation — and one that is expected to keep a lid on rates and room revenue until sometime next year.
Wall Street is abuzz after billionaire hotel owner Sam Nazarian’s confirmation that he expects to close a giant merger with Hakkasan Group within 60 days that will form a huge hotel, restaurant and nightclub operation headquartered in Las Vegas with a $1 billion valuation.
Expedia group, the world’s largest online travel company, today announced Guest Review Insights, a new sentiment analysis tool to help hotels manage and improve their online reputation, and as a result, attract more travellers while maximizing guest experiences on property.