Pension Fund Sues Extended Stay America Over $6B Sale
A Michigan pension fund shareholder of Extended Stay America has filed a lawsuit against the hotel company in connection with… Read More »
Kalibri: Weekly U.S. Hotel ADR Within 4 Percent of 2019 Level
The U.S. hotel average daily rate for the week ending June 25 was just 4 percent below the rate for… Read More »
CBRE: Rate to Lead U.S. Hotel RevPAR Recovery as Occupancy Lags
The U.S. hotel average daily rate will exceed 2019 levels by 2024, according to the latest CBRE Hotels Research forecast,… Read More »
Extended Stay America Launches ‘Premium’ Brand
Extended-stay hotel company Extended Stay America has assigned 25 “new or completely renovated” U.S. properties to a new higher-end brand… Read More »
TravelPerk Partners to Offer to Divvy Clients Travel Services
TravelPerk will provide travel booking and management services for U.S. clients of small and midsize business and expense specialist Divvy… Read More »
Amex GBT Unveils Travel Survey, Covid Tools for Managers, Travelers
American Express Global Business Travel has rolled out new measures designed to give travel managers actionable insights regarding resumed travel… Read More »
U.S. Extended-Stay Occupancy Nearly Reaches ’19 Level
Occupancy at U.S. extended-stay hotels in April returned almost entirely to April 2019 levels, recovering from the effects of the… Read More »
Tripbam: Corp. Hotel Rates Set to Hit 2019 Levels by Year-End
Current business travel volume is about 30 percent of 2019 levels, and average daily hotel rates remain lower as well… Read More »