Has the hotel industry managed to keep rate drop in check?...
IN-DEPTH: One of the keys to success in a down market is to not offer across the board price cuts, but to instead focus on particular market segments and distribution channels. Drop in occupancies, ADR and RevPAR have been widespread...
priceline.com reports earnings of $53.9 million in Q1...
Online travel company priceline’s first-quarter net income more than doubled. The company posted net income of $53.9 million, which compares to $25.0 million in the same period a year ago. Gross travel bookings for the first quarter were $3 billion,...
Travelodge appoints Guy Parsons as CEO ...
Hotel chain Travelodge has confirmed that Guy Parsons, previously managing director UK, has been appointed chief executive officer. Grant Hearn, who has been chief executive officer since 2003, becomes executive chairman. Keith Hamill, formerly non executive chairman, takes up the...
CWT acquires Gateway Travel Management...
Carlson Wagonlit Travel (CWT) has signed a definitive agreement whereby CWT has acquired Gateway Travel Management (GTM), a privately held regional travel management company based in the Pittsburgh, Pennsylvania, area. With business totalling US$160 million in annual air volume, GTM’s...
SiteMinder chooses London for its first overseas office...
Australian company SiteMinder has decided to open its first overseas office in London this month as part of its major expansion plans. SiteMinder management team member, Tobias Janiesch, moved recently from the company’s Sydney headquarters to the UK to head...
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