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TravelClick: Advance Booking Pace Ramps Up

TravelClick: Advance Booking Pace Ramps Up

NEW YORK—As the fall season comes into full swing, hotels in major North American markets are experiencing an improved advance booking pace, as well as healthy increases in both transient (individual reservations that are made by business and leisure travelers) ...

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Low Levels of New Supply Boost U.S. Lodging

Low Levels of New Supply Boost U.S. Lodging

CHICAGO—Fundamentals across the U.S. lodging sector remain unusually strong in the context of a cycle that turned 59 in July, based on consecutive months of positive TTM RevPAR, according to Fitch Ratings. TTM RevPAR was up 8 percent at the ...

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La Quinta Sells 24 Properties

La Quinta Sells 24 Properties

IRVING, Texas—La Quinta Holdings Inc. today announced that it has signed a definitive purchase and sale agreement to sell 24 owned hotels. This portfolio is geographically dispersed and the vast majority of these hotels will be removed from the La ...

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PwC: ADR Growth to Drive RevPAR Through 2016

PwC: ADR Growth to Drive RevPAR Through 2016

NEW YORK—An updated lodging forecast released today by PricewaterhouseCoopers U.S. (PwC) expects average daily rate (ADR) to drive revenue per available room (RevPAR) increases in a more meaningful way through the second-half of 2015, and into 2016. Recent performance of ...

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