As Cash Strapped Cities Seek to Reduce Debt, the Burden Increasingly Falls on Business Travelers - GBTA Also Warns Against Potential TSA Tax Increase
In April 2014 Wimbledon champion Andy Murray will open a hotel about three miles from his hometown of Dunblane, Scotland. The luxury property, called Cromlix, has already started accepting reservations.
In the past five years, online travel sales have grown from $93-Billion to over $160-Billion, with hotel reservations accounting for almost 40% of this total volume. Online Travel Agency (OTA) websites are responsible for one-third of the online hotel bookings, indicating their importance in the distribution and reservation chain.
The 355-room hotel, which includes approximately 44,000 square feet of street retail space, is located in the heart of Fishermans Wharf in San Francisco, CA.
Capital Hotel Management (CHM) announced that it has been retained to provide asset management services for three, focused-service hotels located in Florida: the 104-room Hampton Inn & Suites Ft. Lauderdale-Airport, the 127-room Hampton Inn Miami-Airport West and the 122-room Hilton Garden Inn Orlando East/UCF Area.
Jones Lang LaSalle's Hotels & Hospitality Group is announced the sale of the 206-room Luxury Collection Hotel Bristol in Warsaw to a consortium of international private investors who have existing luxury hotel interests.
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