Led by Sustained Growth in China, Global Business Travel Spending Expected to Rise Nearly 7%
Income growth for American workers has been largely stagnant during the economic recovery, and a new CareerBuilder survey on salaries confirms that most workers are not earning what they want. Sixty-five percent of full-time U.S. workers say they do not currently earn their desired salary; 35 percent do.
In the first half of 2014, the massive shift from desktop to mobile and tablet devices continues its rigorous pace and now over 42% of web visitors and nearly 38% of page views were generated from non-desktop devices (mobile and tablet), while nearly 16% of bookings and 19% of room nights came from tablets and mobile devices.
With Group Segment Strengthening, Hotels Have Opportunity to Raise Transient Rates
On a compound-annual-growth-rate basis (CAGR), hotel supply (+3.7 percent) in Istanbul, Turkey, has grown slightly faster than demand (+3.1 percent) during the past five years, with demand falling in 2013 due to the demonstrations and civil unrest in Turkey, according to STR Global and HVSs 'In Focus' report on Istanbul.
Laurus Corporation, a U.S.-based private real estate investment and development firm, has acquired the Marriott Warner Center hotel in Woodland Hills, CA.
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