Cvent and Lanyon announce merger Cvent and Lanyon announced the merger of the two companies creating a global meeting, event and travel technology leader. The merger is effective today, and the companies will combine business operations in the coming year. Source: Hotel Marketing Cvent and Lanyon announce merger
Report: Luxury travel industry to reach .2B by 2020 Baby boomers are the leading demographic making up the luxury travel market spend with higher numbers of annual visits, according to Allied Market Research. Source: Hotel Marketing Report: Luxury travel industry to reach .2B by 2020
Marriott and Starwood reveal the future of their luxury brands Bloomberg secured an exclusive interview with Marriott’s global brand officer, Tina Edmundson ahead of a major announcement on how the company’s 30 brands will be divvied up and categorized – and what it all means for the top-tier properties. Source: Hotel Marketing Marriott and Starwood reveal the future of their luxury brands
RevPAR expectations declined in 2016 While overall U.S. revenue per available room growth has still been positive for 80 months in a row, many of the major public hotel companies have spent 2016 adjusting their RevPAR growth guidance for the year down from earlier levels. Source: Hotel Marketing RevPAR expectations declined in 2016