Business travel rise spurs hotels to seek rate hikes
August 7th, 2010
Business travel rise spurs hotels to seek rate hikes
NEW YORK, Aug. 4 (Reuters) – A surge in business travel has emboldened top US hotel companies to try to raise rates for corporate clients next year after two straight years of cutting them deals. If Marriott International, Starwood Hotels & Resorts and their peers can leverage higher occupancy rates into modest price increases that stick, the whole sector could see its earnings outlook rise. But …
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