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Year-End Results Show Positive Industry Uptick

Year-End Results Show Positive Industry Uptick

End-of-the-year earnings statements released by major hotel companies show that the industry ended 2013 on a positive note, with gains in RevPAR, occupancy, and ADR. Although some companies saw a drop in fourth-quarter revenues, year-end results for the majority remained ...

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IHG Expands the Holiday Inn Brand Family in Brazil

IHG Expands the Holiday Inn Brand Family in Brazil

MIAMI—InterContinental Hotels Group (IHG) makes its return to the Rio de Janeiro market with the signing of the new-build Holiday Inn Porto Maravilha and Holiday Inn Express Porto Maravilha hotels. The 32-story hotels will be located in Rio de Janeiro’s ...

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Hotel Companies and OTAs Win Price-Fixing Lawsuit

On Tuesday, Starwood, IHG, and Marriott, along with online agencies including Expedia, Orbitz Worldwide, and Priceline won the dismissal of the lawsuit that accused the companies of price fixing. According to this article from Skift.com (reported by Reuters), U.S. District ...

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Crowne Plaza Hotel Opens Near JFK International Airport

Crowne Plaza Hotel Opens Near JFK International Airport

ATLANTA—InterContinental Hotels Group announces the opening of the Crowne Plaza Airport New York City hotel. The property has undergone a significant multi-million dollar renovation funded by ERG JFK Hotel LLC, featuring a unique interior design with runway murals on the ...

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