NEW YORK—Heading into the last quarter of 2017, fourth quarter data is showing healthy gains across the board, despite slight declines in average daily rates (ADR) and bookings in the third quarter across all travel segments, which are down -0.5 ...

The Chinese digital payment economy is massive—and growing. The leading digital payment services, Alibaba’s Alipay and Tencent’s WeChat Pay, processed a combined $2.9 trillion in 2016, according to reports from the UN-based Better Than Cash Alliance—a 20-fold increase in just ...

AJ Capital Partners announced that it has acquired Hotel Duncan in New Haven, Conn. In Spring 2018, the hotel will close for renovation and reopen in early 2019 as the Graduate New Haven. Following the renovation, the five-story hotel will ...

Hurricane Irma caused extensive devastation and displaced 6 million Florida residents. Businesses cycles were also interrupted in every major market by power outages—leaving 6.5 million people without power—as well as flooding and debris. The total economic cost of the storm ...

A flurry of entrants to the hotel market’s soft brand space in recent years has raised questions as to its enduring viability. Is this shift in the brand landscape warranted? And how does performance in these soft brands compare to ...

So far in 2017, two major hotel chains have announced the addition of a new soft brand to their brand portfolios. In January, Hilton’s Tapestry Collection joined the chain’s Curio Collection, and in June, Wyndham announced the launch of the ...