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HotelTonight Lays Off 20 Percent of Staff

HotelTonight, a leader in same-day booking apps, has laid off 20 percent of its staff, citing a necessary company realignment. Though company CEO Sam Shank told Fortune the company is on “strong financial footing,” and that hotel bookings are growing ...

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Marriott Shares Inventory with Alitrip

Marriott Shares Inventory with Alitrip

HANGZHOU, China—Marriott International, Inc. and Alitrip have joined forces in a move that will make it easier than ever for travelers to book hotel rooms online and on their mobile phones. The room inventory of Marriott International hotels portfolio will ...

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Residence Inn Opens 700th Hotel Worldwide

Residence Inn Opens 700th Hotel Worldwide

BETHESDA, Md.—Celebrating the brand’s 40th anniversary, Residence Inn by Marriott has opened its 700th hotel worldwide. The Residence Inn Chicago Downtown/Loop will be the largest hotel in the extended stay leader’s portfolio, a historic building located in the new distinctive ...

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Fitch: Softer Transient Demand Subdues Confidence

Fitch: Softer Transient Demand Subdues Confidence

NEW YORK—The U.S. lodging upcycle remains solidly intact notwithstanding the litany of concerns that have overtaken investor sentiment this year, according to Fitch Ratings. Falling stock prices (since January), selected guidance cuts (late summer), weak August industry RevPAR data, and ...

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PwC: ADR Growth Lags, Despite Peak Occupancy Levels

PwC: ADR Growth Lags, Despite Peak Occupancy Levels

NEW YORK—An updated lodging forecast released today by PwC US expects revenue per available room (RevPAR) growth in 2015 to be driven more by occupancy than previously expected, as average daily rate (ADR) growth continues to look for a firm ...

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Booking.com Announces Concur Partnership

Booking.com Announces Concur Partnership

BELLEVUE, Wash.—Today, Concur, a provider of integrated travel and expense management solutions and services, and Booking.com announced a new partnership to enhance business travel worldwide. Through the partnership, Booking.com’s 800,000+ accommodations properties worldwide will become available in Concur Travel, enabling ...

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