Canadian Hotel Occupancy Down -2.5 Percent to 58.5 Percent For Week Ending 22 February January 2020

For the week ending 22 February, Canadian hotels reported a 2.5% year-over-year decrease in occupancy to 58.5% and a 0.1% dip in average daily rate, which resulted in a 2.6% decline in revenue per available room.

The Coronavirus Has the Potential to Jeopardize the Global Business Travel Industry

The coronavirus has the potential to threaten the entire global business travel industry. According to a new lightning poll released today by the Global Business Travel Association (GBTA), the virus could potentially cost the industry $46.6 billion per month. That translates into $559.7 billion annually, or 37% of the industry’s total 2020 forecasted global spend.

Success Online Starts with Technology

Online success for hotel properties starts with technology platforms. Digital marketing doesn’t have to be complicated, the right technology should only make things easier.

Marriott International Reports Fourth Quarter 2019 Results

Fourth quarter reported net income totaled $279 million, a 12 percent decrease from prior year results. Fourth quarter adjusted net income totaled $517 million, a 4 percent increase from prior year adjusted results

SO/Melbourne Hotel Announced for 2023

The project is part of a multimillion-dollar mixed-use urban regeneration project across two towers and a podium comprising a luxury lifestyle hotel, commercial workspace and a high-end ground floor retail space.

Global Chains Lead Europe in Hotel Net Unit Growth

The five largest global hotel chains also rank in the top 10 for room counts, fueled by year-over-year increases in net unit growth, according to STR data.

Hotel Industry News

Hilton Okinawa Miyako Island Resort to Open in 2023
February, 28 2020
Hilton (NYSE: HLT) this week announced that the company entered into a management agreement with Mitsubishi Estate Co., Ltd. scheduled to open Hilton Okinawa Miyako Island Resort in 2023. Constructed by Mitsubishi Estate and Kajima Corporation, this will be Hilton’s first property on Miyako Island, located approximately 300km southwest from Okinawa’s main island. continue reading →

Amex GBT Fights Leakage with Enhanced Suite of Accommodation Solutions - BTN
February, 27 2020
American Express Global Business Travel on Wednesday introduced an end-to-end suite of new and enhanced accommodation products and services for clients and travelers including a new hotel rate guarantee and expanded mobile booking capabilities. The travel management company launched the effort, called Rest Assured Solutions, at the Business Travel Show in London. continue reading →