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U.S. Hotels Gain Incremental Negotiating Strength Over OTAs

U.S. Hotels Gain Incremental Negotiating Strength Over OTAs

NEW YORK—The balance of power has shifted in favor of U.S. hospitality companies in their tenuous relationship with online travel agencies (OTAs), according to Fitch Ratings. Solid industry fundamentals have allowed many lodging brand owners to negotiate more favorable commission ...

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Trump Hotel Bookings Drastically Drop

Hipmunk, a travel search engine, focused a recent study on Trump Hotels’ most-booked locations, comparing booked rooms this year to the previous year. Based on the data, bookings have decreased 59 percent compared to the same period last year on ...

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How Marriott-Starwood Merger Impacts Hyatt

Despite losing the bid to purchase Starwood Hotels, Hyatt Hotels’ earnings are up double digits so far this year, it’s set to open 60 hotels in 2016, and its business in China is increasing. Hyatt CEO Mark Hoplamazian says the ...

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Baha Mar Project Could Resume Soon

Construction could recommence soon at Baha Mar, the beleaguered $3.5 billion mega-resort in the Bahamas that is 17 month beyond its original opening date. The prime minister of the Bahamas yesterday announced a framework agreement with Baha Mar’s financier and ...

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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

David Hale has been selected as vice president of business development for Spire Hospitality. With over 15 years of experience, Hale has held positions with many firms in the industry and will introduce Spire Hospitality as a management company option ...

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Airbnb Makes $76 Million from Multi-Unit Miami Operators

Airbnb Makes $76 Million from Multi-Unit Miami Operators

WASHINGTON, D.C.—The American Hotel & Lodging Association (AH&LA) has released a new study that provides a detailed analysis of the rise in commercial activity taking place in Miami on Airbnb, one of the most trafficked short-term rental websites. The study was ...

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