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IHG Very Optimistic About Hotel Growth In China

Richard Solomons, CEO of IHG, stopped by Bloomberg Television’s “The Pulse” to discuss the company’s growth, especially in the booming Chinese hospitality marketplace. “The Chinese are traveling more on business, they’re traveling more on leisure as the country opens up,” ...

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100,000 New Rooms Coming to U.S. Hotel Market

The lodging industry is booming! There are at least 865 hotels, with more than 103,230 rooms, scheduled to open in the United States in 2016, according to STR. With record breaking demand and revenue, building activity has increased dramatically—there are ...

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Signs of Recession in the Air

In the Financial Times, Larry Summers asks the question on everyone’s mind: “How much should forecasters and policymakers look to speculative markets as indicators of future prospects? And how alarmed should they be about the prospect of a global slowdown?” While ...

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Overtime Rule Changes Loom Over Industry

The prospect of new Department of Labor regulations has small businesses across the country scrambling to reclassify their employees. This summer, the DOL is expected to issue new rules that include raising the eligibility ceiling for overtime pay from its ...

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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

Michelle Lardizabal has been named vice president of sales for Club Med. In her new role, she will join the executive committee and worldwide leadership committee to lead the sales team and focus on the brand’s global expansion efforts. With ...

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