July 28- Global business travel spending will reach a record $1.18 trillion this year, up nearly 7 percent from 2013, bolstered by growth in China, a U.S. trade group said on Monday.» Read More
BERLIN, March 6- Europe's hotel sector is finding its financing options are the best in years as investors seek better returns in a low interest rate environment and economies emerge from bruising recessions, fanning optimism for the rest of the year.
With admission to some amusement parks hovering around $100 per person, some families are considering other options.
About half a million Americans legally travel to Cuba every year, and tour professionals are hopeful that policies may change to allow more.
Feb 27- Hilton Worldwide Holdings Inc, the world's largest hotel operator, reported a 13 percent rise in quarterly revenue as increasing business and leisure travel pushed up occupancy and room rates.
Feb 27- Hilton Worldwide Holdings Inc, the largest U.S. hotel operator by market capitalization, reported a 13 percent rise in revenue due to higher occupancy and room rates at most of its properties. Revenue rose to $2.64 billion in the quarter ended Dec. 31. Total revenue per available room rose 4.7 percent.
Why should Corporate America support the gay community? It can't afford not to, says Marriott CEO Arne Sorenson.
As lending options returned last year, hotel companies have ramped up construction, including Best Western, which is aiming for a more upscale market.
Choice Hotels president & CEO Stephen Joyce discusses its strong year thus far in 2014, and how bad weather impacts its business.
Discussing economic optimism, and the outlook on U.S. growth, with Marriott CEO Arne Sorenson.
Marriott CEO Arne Sorenson explains why the hotel saw a decline in profits and revenue, and is accelerating its buyback.
District Judge Jane Boyle in Dallas found that the lawsuit, brought by consumers who claimed they paid inflated prices for their rooms, failed to adequately show that such a conspiracy existed.
Cruise lines are now offering some of their best deals of the year. How to score a luxury cruise for less.
The firm, which declined to comment on future plans for cash returns, said refurbishments to hotels in Asia and the Middle East, Paris and New York would put capital expenditure at around $385 million in 2014, ahead of analyst forecasts, with the impact from hotel and room closures reducing operating profit by $9 million.
Feb 14- Hyatt Hotels Corp recorded a better-than-expected jump in quarterly revenue as growing confidence in the U.S. economy drew more business travelers and tourists to its hotels in the Americas.
Feb 14- Hyatt Hotels Corp reported a 9 percent rise in quarterly revenue due to higher occupancy and room rates across most of its properties. Net income attributable to Hyatt doubled to $32 million, or 20 cents per share, in the fourth quarter ended Dec. 31 from $16 million, or 9 cents per share, a year earlier. The company's revenue rose to $1.09 billion from $1 billion.
Tim Boyd, Founder & CEO of Peak Resorts, and Bill Benneyan, Mountain Creek Resort president explain how ski resorts are cashing in on this winter's brutal weather.
*RevPAR from Asia, excluding China, falls 3 pct. An austerity drive by China's government and slow economic activity in the rest of Asia are weighing on U.S. hoteliers' results.
*RevPAR from Asia, excluding China, falls 3 pct. Feb 13- Starwood Hotels& Resorts Worldwide Inc reported fourth-quarter revenue below Wall Street's expectations, partly due to lower occupancy and room rates in Asia, excluding China.
*RevPAR from Asia, excluding China, falls 3 pct. Feb 13- Starwood Hotels& Resorts Worldwide Inc reported fourth-quarter revenue below Wall Street's expectations, partly due to lower occupancy and room rates in Asia, excluding China, and forecast a weak profit for the current quarter.
About 67 million international travelers visited the United States in 2012, a number boosted by a $72 million marketing program.