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The Rising Cost of Money

The Rising Cost of Money

Troubling events in the global economy—stock market volatility, weak growth in China, and plunging oil prices, among others—coupled with a moderate slowdown in industry growth, have hoteliers more cautious regarding new business opportunities. However, hiccups in the global economy do ...

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Hilton Garden Inn Bucharest to Open in 2017

Hilton Garden Inn Bucharest to Open in 2017

BUCHAREST—Hilton Worldwide has reached a franchise agreement with SC Apex Alliance 1 S.R.L. to open Hilton Garden Inn Bucharest Old Town in 2017. The 201-room hotel will be located within an historic listed building in the prime city center location ...

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National Occupancy Reaching All-Time High

National Occupancy Reaching All-Time High

ATLANTA—The U.S. lodging industry is forecast to achieve another all-time record occupancy level in 2016, but an increasing number of local markets are starting to show the effects of growing competition. According to the March to May 2016 edition of ...

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Canopy to Make United Kingdom Debut in London

Canopy to Make United Kingdom Debut in London

LONDON—Hilton Worldwide has unveiled plans to bring Canopy by Hilton to the United Kingdom with Canopy by Hilton London City. Following a franchise agreement with 4C Hotel Group, Canopy London City will welcome its first guests in early 2018. The ...

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Starwood Announces Expansion in Europe

Starwood Announces Expansion in Europe

BERLIN—From the International Hotel Investment Forum (IHIF) in Berlin, Starwood Hotels & Resorts Worldwide, Inc. today announced its continued expansion in Europe with a record 18 organic hotel openings in 2015 and over 30 hotels already under development and expected ...

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