Article lays out ‘Psychology of pricing’ in a crisis
THE COVID-19 PANDEMIC has hoteliers scrambling for whatever business they can get. Part of this is effort is pricing rooms to attract what travelers...
Omega Hotel Group sells Best Western in Destin, FL
OMEGA HOTEL GROUP, led by CEO Bob Kumar, recently sold the 137-room Best Western Sugar Sands Inn & Suites in Destin, Florida, to an...
Report: U.S. corporate travel spend to reach pre-pandemic levels in 2024
Corporate travel spend 2024
CORPORATE TRAVEL SPEND by U.S. companies is expected to grow 8 to 12 percent, reaching or exceeding pre-pandemic levels by the...
A season of change
A pandemic winding down unevenly, a search for top executives following the resignation of the president and CEO, and a return to an in-person...
NewcrestImage sells one hotel, acquires another
DALLAS-BASED NEWCRESTIMAGE has concluded two large transactions, selling one hotel in Phoenix and acquiring another in Fort Worth, Texas.
The company, led by Mehul Patel...
Shiny: Tipping probability doubles among loyalty program members
GUESTS TEND TO offer gratuities to hotel associates most frequently on Sundays, while Tuesdays emerge as the least likely day for such gestures, according...
Survey: 80 percent of travelers less concerned about new COVID variant
NEARLY 80 PERCENT of travelers said that the latest COVID-19 variant, BA5, is unlikely to make them cancel or postpone international travel this year,...
Beekeeper’s webinar will explore business after the COVID-19 pandemic
THE NEXT INSTALLMENT of mobile communication software producer Beekeeper’s COVID-19 webinar series, scheduled for May 19, will focus on doing business post-COVID-19. A panel...
CBRE: Recovery from COVID-19 downturn to begin in third quarter
AFTER MONTHS OF a COVID-19 pandemic related downturn, U.S. hotels may finally be in a position to begin the long trek back to recovery,...
Study: Every $1 spent on business travel returns $1.15 to U.S. economy
THE BUSINESS TRAVEL resurgence in the U.S. significantly impacted the economy in 2022, with every $1 spent returning $1.15 to the U.S. GDP, according...
