citaweb.net

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 …

(more…)

China travel to cost more with yuan rate change
Recent weeks have seen important newspaper headlines that have a direct bearing on travel. Of most significance was an announcement by the central bank of China that it would reverse course and permit that nation’s currency – the yuan – to gradually increase… China – Currency – Asia – Central bank – People’s Bank of China

(more…)