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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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Despite Outside Concerns, Hotel Execs Maintain Positive Outlook

Times might feel uncertain, but the industry is still positive. Following Bank of America’s decision to downgrade hotels due to threats like soft corporate demand, increased popularity in homesharing services, and an onslaught of supply, pessimism from analysts outside the industry ramped ...

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Terrorist Activity, Air Crashes Hurt European Travel

A string of terrorist attacks and airliner disasters across Europe and its borders are affecting the region’s travel industry. After a terror-related incident or headline-grabbing aircraft accident, tourism officials and airline executives typically brace for an abrupt drop in flight and ...

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Loyalty Members Increase, But Many Are Inactive

In 2015, major hotel chains saw the number of loyalty program members increase by an estimated 13.1 percent to more than 344 million members compared with 2014. However, more than half of the members are inactive, typically not redeeming points ...

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