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PKF: Occupancy Will Remain High Through 2017

PKF: Occupancy Will Remain High Through 2017

ATLANTA, Ga.—U.S. hotel occupancy will remain at record levels through 2017 according to PKF Hospitality Research | CBRE Hotels (PKF-HR). In the recently released December 2015 edition of Hotel Horizons, PKF-HR forecasts that the growth in demand for lodging accommodations ...

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Duetto to Provide Revenue Strategy Solutions for Coast Hotels

Duetto to Provide Revenue Strategy Solutions for Coast Hotels

NEW YORK—Duetto, the market leader in hotel profit optimization technology, announced that it will implement its revenue strategy solutions for Coast Hotels USA, bringing new insights on pricing and demand to one of North America’s fastest growing hotel brands. Duetto ...

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Transient Segment Grows as Group Bookings Decline

Transient Segment Grows as Group Bookings Decline

NEW YORK—As hoteliers prepare for the start of 2016, properties in major North American markets are experiencing strong transient (individual business and leisure) bookings, as well as upticks in average daily rates, leading to strong RevPAR (revenue per available room) ...

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Fitch Ratings on Industry’s ‘Capital Conundrum’

Fitch Ratings on Industry’s ‘Capital Conundrum’

Corporates, or strategic buyers, may participate in more merger and acquisition (M&A) transactions in the U.S. lodging industry if the capital conundrum for private equity (PE) firms persists, Fitch Ratings says. Lower investor demand for high yield bonds and loans ...

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Business Travel Forecast Predicts Modest Price Gains in 2016

Business Travel Forecast Predicts Modest Price Gains in 2016

NEW YORK, N.Y.—The American Express Global Business Travel Forecast 2016, predicts ahotel prices will see modest gains in 2016, as a slowly-improving global economy and stronger demand outpace increases in supply. Global hotel performance is also expected to improve moderately ...

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