PwC: Below inflationary growth in RevPAR plagues US lodging industry Third-quarter results continued to disappoint – once again coming in below expectations, with US RevPAR growth of just 0.7 percent. Source: Hotel Marketing PwC: Below inflationary growth in RevPAR plagues US lodging industry
How Oyo upended the lives of hotel operators The company has scaled up partly by promising hoteliers monthly payments, made possible by SoftBank’s money. Payments that now increasingly get canceled or cut, as Oyo strives for profitability rather than just growth. Source: Hotel Marketing How Oyo upended the lives of hotel operators
HotelBeds to axe 5% of workforce as part of "optimization" strategy The Spain-based bedbank says it has now consolidated into one business following its acquisitions in early 2017 of Tourico Holidays and GTA. Source: Hotel Marketing HotelBeds to axe 5% of workforce as part of "optimization" strategy
GBTA: Business travelers sentiment remains strong Business travelers remain optimistic and sentiment remains strong despite economic headwinds in some parts of the world. Source: Hotel Marketing GBTA: Business travelers sentiment remains strong
