For the latest in Reuters' 'First Jobs' series, we talked to a few of those high-powered hoteliers about the gigs that got them started in life.
Austria on Tuesday launched new legislation to outlaw travel websites' practice of forbidding hotels from offering rooms at lower prices on their own sites, following similar moves by France and Germany.
Undoubtedly, lifestyle hotels are the wave of the future, experts said. Boutique hotels can charge as much as 12 percent more than other hotels of similar quality, according to Lodging Advisors LLC, which surveyed the top 15 U.S. markets. Last month, Marriott bought the former Seville hotel in Miami Beach and announced plans to refashion it as an Edition.
Abu Dhabi National Hotels (ADNH) ADNH.AD is aiming at doubling its assets in the next three years, its chief executive said on Monday.
As the recession sapped demand for travel, hotel operators got creative. They shut down restaurants, closed floors and even cut back on newspaper delivery to ride out the downturn.
Luxury hotels with $1,000-a-night room rates and extravagant Caribbean resorts may face a tougher recovery than the rest of the industry, Marriott International Inc (MAR.N) executives said on Wednesday.
Hotel room rates may jump back to pre-crisis levels sometime during 2012 to 2013 as companies start to ramp up their travel budgets, the head of private travel and hospitality company Carlson said on Tuesday.
Growth in online travel bookings is rapidly shifting overseas, leading to a race to bolster operations in Asia and Latin America, the chief executives of two top online travel companies said on Monday.
Top U.S. hotel companies are scouting out new brands to expand their reach abroad and keep their best customers from defecting to rivals as new rooms growth slow down.
Business travel in 2010 will match or surpass last year's levels and more executives will be opting for first class seats, according to a survey.