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Tourism Spending Remains Bright Spot in Leisure

Tourism Spending Remains Bright Spot in Leisure

NEW YORK—U.S. leisure company growth will decelerate but remain positive for the balance of 2016, according to Fitch Ratings. Tourism spending remains a bright spot for the sector, outpacing total U.S. GDP growth as well as the leisure GDP subcomponent. ...

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Preferred Hotels Joins Forces with UnionPay International

Preferred Hotels Joins Forces with UnionPay International

CHICAGO—Today, Preferred Hotels & Resorts entered into a global partnership with UnionPay International as part of its continuous campaign to court the booming Chinese outbound market by making it easier for travelers to consume the independent hotel experience. Effective through ...

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Ten-X Closes on $190 Million in Assets in First Quarter

Ten-X Closes on $190 Million in Assets in First Quarter

IRVINE AND SILICON VALLEY, CALIF.—Ten-X announces its hospitality division has closed on 50 assets totaling $190 million from January 2016 through May 2016 on the on the Ten-X Commercial online platform. The Ten-X hospitality division’s momentum follows a record-setting 2015, ...

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Hoteliers on Alert After Q1 Occupancy Decline

Hoteliers on Alert After Q1 Occupancy Decline

ATLANTA—The U.S. hotel market suffered a 0.5 percent decline in occupancy during the first quarter of 2016. This is the first year-over-year decline in occupancy since the fourth quarter of 2009 according to STR. Based upon the recently released June ...

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Committed Occupancy Grows in May

Committed Occupancy Grows in May

NEW YORK—The spring booking bounce is spreading this season, with 22 of the top 25 North American markets showing committed occupancy growth compared to last month. In addition, committed occupancy for the second quarter of 2016 through the first quarter ...

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