Tag: economy
CBRE: Loyalty Programs Should Help Soften Impact of Economic Downturn on Hotel Sector
A record number of loyalty program members should help hotel brands lower their customer acquisition costs, increase direct-to-consumer engagement and offset any occupancy shortfalls...
Wyndham Hotels & Resorts Reports Q1 2022 Results
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months ended March 31, 2022. Highlights include:
Global RevPAR grew 39 percent compared...
Chatham Lodging Trust Shares Q4 2021 Results
WEST PALM BEACH—Chatham Lodging Trust announced results for the fourth quarter ended December 31, 2021.
Fourth Quarter 2021 Operating Results
Portfolio RevPAR increased 93 percent...
U.S. Lost 5.6 Million Travel-Supported Jobs in 2020
WASHINGTON, D.C. — Travel's economic footprint in the United States shrank 42 percent last year, from $2.6 trillion to $1.5 trillion, according to new...
hihotels by Hospitality International Grew System in 2020 With 18 Signed or Activated Properties
ATLANTA — hihotels by Hospitality International, a company franchising conversion and new build hotels for economy lodging, today reported that it signed and/or activated...