SBA approved $104 billion in PPP loans during current round
THE SMALL BUSINESS Administration has approved $104 billion in Paycheck Protection Program loans to 1.3 million small businesses and is taking steps to increase...
IHG projects $1 billion shareholder return following strong 2023
IHG HOTELS & RESORTS reported a 23 percent increase in profit from reportable segments in 2023, surpassing the $1 billion milestone for the first...
Report: Total extended-stay hotels achieved fourth quarter milestones in 2023
TOTAL EXTENDED-STAY HOTELS achieved new fourth-quarter milestones in 2023, setting records in supply, demand, ADR, RevPAR, and room revenues, according to The Highland Group....
Texas hoteliers recover from COVID-19, donate plasma to stranger
AT A TIME when so many people are avoiding contact with each other to slow the spread of COVID-19, hoteliers Raju and Dharmistha Patel...
Choice Hotels convention focuses on franchisees
FRANCHISEE RESILIENCE AND determination was the focus of Choice Hotels International’s 66th annual convention in Las Vegas last week. In keeping with that theme,...
Choice extended-stay brands perform above average in COVID-19 downturn
CHOICE HOTELS INTERNATIONAL’S extended-stay brands are seeing higher occupancy than the rest of the industry during the COVID-19 pandemic. This follows a trend for...
WTTC, UNWTO sign MOU for global tourism collaboration
In a "historic" first, the World Travel & Tourism Council (WTTC) and the World Tourism Organization of the United Nations (UNWTO) signed a memorandum...
NewcrestImage, Dabu Group JV acquires Texas Marriott
A JOINT VENTURE between Dallas-based NewcrestImage and Dabu Group has acquired the full-service Marriott Dallas/Fort Worth in Westlake, Texas. The sale was facilitated by...
Choice to acquire Radisson Americas for $675 million
CHOICE HOTELS INTERNATIONAL has entered into a definitive agreement to acquire the franchise business, operations and intellectual property of Radisson Hotel Group Americas for...
Choice ends bid to acquire Wyndham
CHOICE HOTELS INTERNATIONAL ended its bid to acquire Wyndham Hotels & Resorts after its exchange offer expired Friday. Both companies released statements saying they...