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Commercial Real Estate Prices to Decline

The Federal Reserve’s interest-rate hike for the first time in nearly a decade has ensured that values are not likely to climb in the new year. For commercial real estate investors, this means the good times may be over, reports ...

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Global Revenue to Rise in 2016

Hotel Management has released its outlook on the hospitality trend report for 2016, and the predictions look healthy for the industry. Global hotel industry revenue is expected to reach $550 billion in 2016, up from $457 in 2011. Additionally, increased ...

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New York Hotels Agree to Cut Greenhouse Gases

Sixteen New York hotels, including the Waldorf-Astoria New York, the Lotte New York Palace, the Pierre-A Taj Hotel, and the Crowne Plaza Times Square, have pledged to cut greenhouse gases from their buildings by 30 percent or more in the ...

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Hyatt Hotels Latest Chain Hit by Hackers

Last week, Hyatt Hotels joined the pack of hotel companies that have been hacked this year, reports CNN. Hyatt suffered a data breach at its 318 managed properties that potentially exposed customer debit and credit card information. The company said ...

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Hotel Openings to Accelerate over Next Two Years

PORTSMOUTH, N.H.—Analysts at Lodging Econometrics (LE) report that new hotel openings in the United States will accelerate over the next two years. This year the U.S. is scheduled to open a total of 742 new hotels. Based on the current ...

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