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2016 Outlook Lowers After Soft First Half

After a softer than forecast first half of the year, lodging companies are reducing full year outlooks. The updated 2016 outlook from Cleveland Research Company is now 2.4 percent growth, down from the initial 3.7 percent growth prediction. September is ...

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Miami Gets Mixed Reaction Over Zika Concerns

As of Aug. 24, there have been 43 non-travel-related cases of the Zika virus in Florida, with a high concentration in two areas: Miami Beach and Wynwood, an up-and-coming arts district. Miami Beach hotels and businesses are still performing well, ...

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Marriott Rewards Unveils Points Bidding

Marriott Rewards now allows members to use their points to bid on special experiences, such as a trip to see “Hamilton” on Broadway or tickets to the Breeders’ Cup. The bidding is done auction-style, with a limited amount of time ...

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Marriott Leads in Most New Hotel Openings

PORTSMOUTH, N.H.—Lodging Econometrics (LE) reports that Marriott has the most new hotel openings of any franchise company in the second quarter of 2016 with 53 hotels/5,959 rooms. Fairfield Inn is Marriott’s top brand for New Hotel Openings with 18 hotels/1,704 ...

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New U.S. Hotel Openings for 2016

PORTSMOUTH, N.H.—Lodging Econometrics (LE) reports that 902 hotels/101,454 rooms are expected to open in the United States by the close of 2016, up from 736 hotels/82,074 rooms opened in 2015. Through the second quarter of 2016, 380 hotels/42,798 rooms have ...

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