OYO Hotels & Homes, the world's fastest-growing chain of hotels, homes and living spaces, today announced that in a landmark move, Founder & CEO, Ritesh Agarwal, through RA Hospitality Holdings (Cayman), has signed $2 billion primary and secondary management investment round, supported by global institutional banks and his financial partners, subject to regulatory and shareholder approvals.
In the second quarter of 2019, U.S. hotel occupancy was mostly flat (-0.1% to 70%), but a 1.2% year-over-year ADR lift to $133.01 pushed RevPAR up 1.1% to $93.17.
As the summer travel season sets in, millions of families across the United States are setting out on their annual road trips. My family, fresh off a Spring Break trip from St. Louis to New Mexico and back, will be among those millions on our planned summer excursion to the Rocky Mountains.
Turning the dial from nice-to-have to business critical
ServingIntel Inc. is pleased to announce our Regional Sales Manager, Steven Wolf
Caroline Y. Chan of Intel Corporation and Dan Cockerell, former VP of Disneys Magic Kingdom will give keynote presentations at the 2019 HTNG Insight Summit meeting on August 5-7 at The Chateaux, Deer Valley in Park City, UT.
Nominations are officially open for the Hospitality Sales and Marketing Association International (HSMAI) Americas Lifetime Achievement and Top 25 Extraordinary Minds in Sales, Marketing, and Revenue Optimization awards. Honorees will be recognized during the HSMAI Adrian Awards Dinner Reception & Gala on January 21, 2020, at the New York Marriott Marquis.
Lets get straight to business. Direct bookings are every hoteliers goal in terms of reservations and revenue. While distributing your hotel listing on third parties is unavoidable these days, the best-case scenario is still the one in which travelers book direct and save you the commission. Still, many hoteliers sometimes struggle to increase their number of direct bookings.
NexPoint Hospitality Trust Announces Agreement to Acquire Condor Hospitality Trust, Inc.
Airbnb has moved a considerable distance in its bid to give guests the ability to secure a place to stay without waiting for host approval. The company says it now has 70% of all its listings available for instant booking.