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Need-to-Knows of Negotiating a Franchise Contract

Need-to-Knows of Negotiating a Franchise Contract

From area of protection and new construction fees to capital expenditure mandates, hoteliers have a lot of business issues to consider before signing a franchise agreement. Mitch Miller, principal at Palo Alto, Calif.-based Miller Law Group, offers the following advice ...

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A ‘BIT’ About Protecting Foreign Investments

A ‘BIT’ About Protecting Foreign Investments

Investing abroad may present lucrative opportunities in the form of new markets and customers. Hospitality companies, however, often face unique challenges when doing business abroad. For example, in 2009, Venezuelan President Hugo Chavez ordered the expropriation of a Hilton-run hotel ...

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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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