aplatas@thebtngroup.com (Angelique Platas)

[ad_1] Choice Hotels’ Anna Scozzafava discusses: Post-pandemic extended-stay demand contours Trends and challenges in the extended-stay market Solving persistent staffing shortages Choice Hotels International in 2022 opened its newest extended-stay…

[ad_1] Apartment-style accommodation provider Mint House has appointed former WeWork executive Christian Lee as CEO, effective immediately, the company announced Tuesday.  Lee joins Mint House from transportation and shipping provider…

[ad_1] Accommodation booking and management tool 3Sixty has created a direct API to hotel distribution platform Hotelbeds through a new partnership, enabling booking for clients of more than 300,000 hotels,…

[ad_1] Wyndham Hotels & Resorts has partnered with hospitality and meetings sourcing solution Groups360 to join the platform’s GroupSync instant booking solution, the companies announced Thursday.  Individual guest rooms and meeting spaces in…

[ad_1] Marriott International has received approval from Mexico’s Federal Economic Competition Commission for its $100 million acquisition of the City Express brand, the company announced Friday.  With the approval, Marriott…

[ad_1] The U.S. extended-stay market’s supply in 2022 grew 2.5 percent year over year, its smallest increase in “several years,” as strong average daily rates drove down occupancy, according to…

[ad_1] Short-term accommodation provider Sonder Holdings is laying off approximately 100 corporate employees, about 14 percent of its workforce, co-founder and CEO Francis Davidson said Wednesday during an earnings call.…

[ad_1] Following fourth-quarter U.S. hotel industry gains, CBRE Hotels Research has raised its 2023 revenue forecast, especially in the first quarter, the company announced. CBRE’s revised 2023 forecast now predicts…

[ad_1] Marriott International is reshaping its management structure amid two recent executive departures, promoting Drew Pinto to executive VP and chief revenue and technology officer and Peggy Fang Roe to executive…

[ad_1] Average January 2022 U.S. hotel revenue per available room and daily rates topped pre-pandemic benchmarks while occupancy fell month over month, according to hospitality analytics firm STR.  For the…

[ad_1] Accor Group reported an “excellent” fourth quarter that lifted full-year 2022 revenue per available room above pre-pandemic levels, executives said Thursday during an earnings call. Accor deputy CEO and CFO…

[ad_1] Choice Hotels International’s fourth-quarter revenue, rates and occupancy all surpassed pre-pandemic benchmarks, while showing strength in the business transient segment, executives said Wednesday during an earnings call.   “In 2022,…

[ad_1] Furnished apartment rental provider Blueground has acquired Denver-based short-term housing service Travelers Haven, the company announced Thursday. Financial terms were not disclosed.  The acquisition adds “flexible rentals on demand”…

[ad_1] Hyatt Hotels Corp.’s fourth-quarter business transient volume remained below pre-pandemic levels but shows “incremental improvement from the previous quarter,” president and CEO Mark Hoplamazian said Thursday during an earnings call.…

[ad_1] Wyndham Hotels & Resorts’ fourth-quarter revenue per available room exceeded pre-pandemic levels, and company executives on Thursday during an earnings call expressed optimism for “occupancy recovery” in 2023. Wyndham…

[ad_1] InterContinental Hotels Group has signed a deal to open two new hotels in Shanghai, including the debut of its Vignette Collection brand in Greater China with Shanghai Snow World…

[ad_1] Hilton Hotels Corp.’s fourth-quarter business travel revenue increased 3 percent from 2019 levels, company executives said during a Thursday earnings call, and “nearly all industries saw continued recovery compared…

[ad_1] Several hotel companies in recent weeks have announced plans to expand their brands into new areas in Europe and Asia. Best Western Hotel Group plans to double upscale brand…

[ad_1] The total number of projects in the U.S. hotel development pipeline at the end of the fourth quarter was up 14 percent year over year to 5,465, according to…

[ad_1] Convene has acquired U.K.-based meeting- and event-space provider Etc.venues, the meeting and co-working space provider announced Wednesday. Financial terms were undisclosed.  The acquisition adds 16 new venues to Convene’s…

[ad_1] U.S. extended-stay hotels in the fourth quarter of 2022 logged record-high average daily rates, revenue per available room and demand, while occupancy dipped year over year for the second…

[ad_1] Hospitality industry players have been readying themselves for economic headwinds going into 2023 thanks to persistent inflation and some projections of recession. Word on the stage this week at…

[ad_1] STR and Tourism Economics have increased their projected year-over-year increase of average 2023 U.S. hotel industry daily rates and revenue per available room, despite mild recession concerns and lower…

[ad_1] Accor has launched what it called a new global midscale brand of dubbed Handwritten Collection, with 12 properties signed and seven set to debut by May 2023, the company…

[ad_1] Average December 2022 U.S. hotel occupancy and revenue per available room decreased month over month, with the average daily rate increasing slightly from November levels, according to hospitality analytics…