Big hotel chains are going low-budget, appealing to workers for whom cost and cool are more important than cushy comfort.
Archive for the ‘HOSPITALITY’ Category
STR: U.S. hotel results for week ending 6 July
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 30 June through 6 July 2019, according to data from STR.
Interstate Hotels & Resorts Breaks Out Of The Bun With New Beyond Burgertm Promotion
As consumers are increasingly changing their diets to plant-based foods, Interstate Hotels & Resorts – a global leader in third-party hotel and resort management – is going beyond traditional menus at the company’s hotels and restaurants this summer through a partnership with Beyond Meat® (NASDAQ: BYND) and their famous Beyond BurgerTM.
Milestone advances Marriott’s goal to spend $1 billion with diverse-owned businesses by next year
Underscoring its commitment to supplier diversity, Marriott International, Inc. (MAR) today announced that, for the first time in its history, it expects to spend $500 million in 2019 with women-owned businesses for goods and services. The figure – which includes spending at Marriott International’s managed hotels and at corporate – represents a near doubling of […]
These Are the Trends to Watch, According to Goldman
From meatless meats to digital twins, the latest “emerging trends” identified by Goldman Sachs Group Inc. include technologies and investing strategies that have been around for a while. “What happens when everything old becomes new again?” the bank asked Wednesday in the second edition of its “Outsiders” series, meant to help investors “separate the hype […]
Fallout from Hanjin’s bankruptcy has potential to impact ocean rates and capacity in the short-term
With Korean ocean carrier Hanjin Shipping, the seventh largest ocean liner in the world that handles roughly 7% of U.S.-Asia cargo, filing for bankruptcy earlier this week, what happens next in regards to what happens to the cargo that was moving on Hanjin vessels at that time, as well as its subsequent short-term impact on […]