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Independence Day Travel to Hit Record High

This holiday weekend, AAA predicts that nearly 43 million Americans will travel to celebrate Independence Day. This represents the highest Fourth of July travel volume on record. Analysts say low gas prices and lower rates for hotels and airfare are ...

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EU Approves Marriott-Starwood Merger

The European Union has unconditionally cleared Marriott International’s $13.6 billion acquisition of Starwood Hotels & Resorts Worldwide. After an investigation, the EU was assured that the hotel sector will remain competitive following the merger, thus not presenting a threat to ...

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1 Hotels Portfolio Reportedly for Sale

All three hotels in Starwood Capital Group’s nature-inspired luxury lifestyle brand, 1 Hotels, are reportedly being marketed for sale. Located in Miami Beach, Manhattan, and Brooklyn (opening later this year), the properties could fetch more than $800 million, sources estimated. ...

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U.K. Shakeup Raises Questions About Travel

On the heels of last night’s annoucement that the United Kingdom has voted to leave the European Union, many are left wondering what this historic decision means for the travel industry. The British pound fell to its lowest level in ...

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Top Cities in the World for Hotel Construction

According to the latest Global Construction Pipeline Trend Report from Lodging Econometrics (LE), the top five cities with the largest construction pipelines in the world by project count are: New York with 187 projects/32,136 rooms; Jakarta with 130 projects/22,851 rooms; ...

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Airbnb Ordinance Passes in Chicago

Yesterday, Chicago aldermen passed Mayor Rahm Emanuel’s plans to regulate Airbnb and Uber. After the approval, Airbnb senior adviser Will Burns said Chicago is giving a big welcome to home-sharing with the ordinance. To read the latest on the Airbnb ...

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