Hotel Industry News
More Than Half of Workers 60+ Are Postponing Retirement
2 in 5 workers don't think they'll retire until 70 or older - A quarter of workers do not know how much they will need to save for retirement - 26 percent of workers think they need more than $1 million to retire
April Online Room Rates Are Down 1.6% from a Year Ago
Hotel room rates in the top-25 most popular U.S. destinations average $246.5 this April, down from $247.08 in March, according to hotel online room rates derived from real time global multi-provider database of reservations maintained by e−forecasting.com.
Dual-branded AC Hotel and Residence Inn Dallas by the Galleria Opens
DG Hotels Ventures, LLC, an affiliate of Pacific Hospitality Group Ventures, Inc. (PHG) today announced the opening of the 256-room dual-branded AC Hotel and Residence Inn Dallas by the Galleria, as well as the purchase of the property from Atlantic Hotels Group.
Sri Lanka Hotel Rates Rising Despite Supply Increase
Sri Lanka's hotel supply of roomnights available increased 6.2% and demand increased just 2.1% over the 12 months ending March 2018.