June 29, 2008 |
Fewer hotels are offering free breakfasts, more are charging for late cancellation and more are offering free in-room wireless Internet access. Those are some of the findings from a recent survey of 10,000 hotels conducted by Smith Travel Research for the American Hotel & Lodging Assn. Fifty-nine percent of respondents offer a complimentary breakfast, down 9 percentage points from 2006. In terms of rates, 67% offer weekend specials, up 8 percentage points from 2006, while those that charge for late cancellation rose 8 percentage points to 82%. Wireless Internet access is being offered by 91% of hotels, up 35% from four years ago, the survey found.
September 4, 2010 |
The nation's hotel industry, already struggling to pull out of its worst slump in decades, is now suffering from another loss in revenue because of the booming popularity of cellphones and laptop computers. In the past, hotel operators could expect to collect extra money by charging guests for in-room phone calls and on-demand movies. But today most guests check into a hotel packing cellphones and laptop computers that are linked to the Internet and loaded with movies, games and music.
September 17, 2012 |
In the end, one group of Americans can proclaim both the Republican and the Democratic conventions a success: hotel owners. The Republican National Convention in Tampa, Fla., and the Democratic National Convention in Charlotte, N.C., combined to generate $46 million in hotel revenue, according to a report issued Monday by Smith Travel Research. Despite the threat of Hurricane Isaac, the Republican National Conventions in late August pushed hotel occupancy levels in Tampa to an average of 81%, while the Democrats who met in early September increased occupancy in Charlotte to 92%, according to the report.
February 3, 2013 |
For the ninth consecutive year, Moscow hotels ranked as the most expensive in the world for business travelers, followed by Lagos, Nigeria, and New York City. The ranking, based on an annual survey by U.K.-based Hogg Robinson Group, a travel, expense and data management firm, concluded that hotel rates around the globe grew by an average of 1.4% last year, compared to a 1% increase in 2011. (In the U.S., hotel rates jumped 4.2% in 2012, to an average of $106 per night, according to STR, formerly known as Smith Travel Research.)
November 10, 2009 |
Despite airfares and hotel rates that are among the lowest in over a decade, more recession-battered travelers will forgo the airports, hit the freeways and stay with family and friends to save money during the upcoming holiday season. This Thanksgiving, the number of passengers traveling by air nationwide will be down 4% from last year, according to a report released Monday by the Air Transport Assn., a trade group that represents the nation's leading airlines. The group attributes the drop to declining demand despite air fares that, according to its report, are at the lowest levels since 1998.
February 7, 2011
Blackstone Group agreed to buy a majority stake in Strategic Hotels & Resorts Inc.'s Hotel del Coronado to help restructure the debt on the Southern California resort that was the backdrop of the film "Some Like it Hot. " Strategic Hotels formed a joint venture with Blackstone Real Estate Advisors and KSL Resorts, an affiliate of Kohlberg Kravis Roberts & Co., investing an undisclosed amount of cash into the luxury hotel and converting a portion...