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Accor, HNA Group Eye Up Carlson Rezidor

It’s been a month since the Wall Street Journal reported that Carlson was exploring strategic alternatives for the Carlson Rezidor Hotel Group, and now Bloomberg has word on two companies looking to buy some or all of it. Both Accor Hotels and ...

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Hospitality Job Growth, Satisfaction Strong

Job creation continued at a robust pace in February, with the unemployment rate holding at an eight-year low of 4.9 percent and labor force participation on the rise. Nonfarm payrolls increased by 242,000 jobs last month, the Labor Department said. ...

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Hospitality Grows in Green Building

Hospitality Grows in Green Building

WASHINGTON, D.C.—USGBC has released its LEED in Motion: Hospitality report, which showcases tremendous industry growth in green building and defines the scale-up opportunities for the hospitality sector. Nearly 134 million square feet of hotel space is currently LEED-certified, and the ...

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Survey: Consumer Trust in OTAs is Waning

Survey: Consumer Trust in OTAs is Waning

MYRTLE BEACH, S.C.—Fuel, specializing in digital hotel marketing, has announced the survey results of the 2016 Leisure Travel Trends: What Smart Hotels Need to Know. Key findings illustrate that consumer’s trust with Online Travel Agents (OTAs) is waning, leading to ...

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Best Western Continues with Vīb, GLō Development

Best Western Continues with Vīb, GLō Development

PHOENIX—Since the announcement of Vīb, the boutique concept by Best Western Hotels & Resorts, the brand has eight Vīb projects under development and is actively negotiating deals in key cities across the U.S. Designed for today’s connected traveler, the boutique ...

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Fitch: U.S. RevPAR Growth Forecast Lowers

Fitch: U.S. RevPAR Growth Forecast Lowers

NEW YORK—Fitch Ratings has lowered its 2016 U.S. RevPAR growth forecast to 4-5 percent from 4-6 percent. RevPAR growth will not likely exceed 5 percent for the year due to weaker than expected fourth-quarter and year-to-date transient demand growth. Fitch ...

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