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Airbnb in Talks to Settle New York Lawsuit

Airbnb is in talks with New York City and the state to resolve a lawsuit over a new law that authorizes up to $7,500 in fines for illegal short-term apartment rentals. The potential settlement would protect Airbnb against those fines ...

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First Hospitality Reopens Hampton Inn Bloomington

First Hospitality Reopens Hampton Inn Bloomington

ROSEMONT, Ill.—Rosemont, Ill.-based First Hospitality Group has announced the grand re-opening of the Hampton Inn Bloomington in Bloomington, Ind. following an extensive, $1.5 million-dollar renovation. FHG celebrated the occasion with a ribbon cutting last month. First Hospitality Group President and ...

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Study Suggests Avoiding Short-Term Trading

Financial managers at hospitality firms often engage in short-term stock trading with poor results, a new study from Cornell University suggests. Portfolio managers’ trades that are held for less than a year lose money on average, the research shows, with ...

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Sporadic Business Demand Increases Booking Competition

Sporadic Business Demand Increases Booking Competition

NEW YORK—As hoteliers in major North American markets round out 2016 and prepare for the New Year, the pace of new bookings, especially in the industry’s business sector, continues to decline, according to new data from TravelClick’s October 2016 North ...

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The Watergate Hotel Debuts New Restaurant

The Watergate Hotel Debuts New Restaurant

WASHINGTON, D.C.—The Watergate Hotel, the urban resort in the heart of the nation’s capital, has unveiled The Backroom at Kingbird Restaurant, a fine dining concept with thoughtfully designed three and four course tasting menus starting at $75, with options to ...

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EVEN Hotels Breaks Ground in Miami

EVEN Hotels Breaks Ground in Miami

MIAMI, Fla.—An innovative hotel, created with wellness at its core is coming to Miami. IHG’s (InterContinental Hotels Group) newest lifestyle brand, EVEN Hotels, has broken ground in the city of Miami. A unique hotel brand designed to help travelers Eat ...

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