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Hotels Add Digital Pay To Accommodate Chinese Travelers

Hotels Add Digital Pay To Accommodate Chinese Travelers

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 ...

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AJ Capital Partners Buys Hotel Duncan in New Haven

AJ Capital Partners Buys Hotel Duncan in New Haven

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 ...

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Report Quantifies Hurricane Irma’s Impact on Florida

Report Quantifies Hurricane Irma’s Impact on Florida

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 ...

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Independently Minded: The Power of Soft Brands

Independently Minded: The Power of Soft Brands

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 ...

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