Marriott International, MGM Resorts Announce Long-term License Agreement
BETHESDA, Maryland—Marriott International, Inc. and MGM Resorts International announced an exclusive long-term strategic licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which...
Baird/STR Hotel Stock Index Increased 6.2 Percent in June 2023
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index grew 6.2 percent in June to a level of 5,615.
“Hotel stocks extended their year-to-date gains in...
Clarion Pointe Celebrates 60 Open Hotels, More Than 50 in Pipeline
ROCKVILLE, Maryland—Clarion Pointe, a midscale select-service brand founded in 2018 and franchised by Choice Hotels International, Inc., is continuing its expansion with 60 hotels...
Knowland: June Meeting and Event Volume Is Up 30 Percent Over Last Year
ARLINGTON, Virginia—Knowland reported June meeting and event volume is up 30.3 percent over June 2022. This data is sourced from Knowland’s sales intelligence platform...
High-Level Execs Dissect Key Franchising, Labor Issues In Hospitality
During a recent one-on-one interview with Wyndham Hotels president/CEO Geoff Ballotti, Cinnabon president Kat Cole shared her insights on operating a large franchise company...
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InterContinental Hotels Group Reports Q1 Trading Results
InterContinental Hotels Group reported its first-quarter trading results, highlighted by global RevPAR gains and significant system-wide growth. Specific highlights include the following:
● Q1 global...
Source Acquires Berman Purchasing, Inc., Expanding the FF&E Procurement Firm
Portland, Oregon-based Source announced its acquisition of 20-year-old Jupiter, Florida-based Berman Purchasing, Inc. The move creates a bicoastal women-led procurement firm with decades of...
AHLA Foundation Hosts Annual ForWard Conference to Advance Women in Hospitality
AHLA Foundation hosted nearly 1,000 attendees from across the hotel industry at the Hyatt Regency McCormick Place for the annual ForWard conference this week....
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