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New York Park Hyatt Leads New Wave of Luxury Hotels

New York Park Hyatt Leads New Wave of Luxury Hotels

More luxury hotels are being developed in New York and other major cities as business travel bounces back and the demand for high-end lodging increases, according to this report from The Wall Street Journal. The new wave of luxury offerings ...

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Atlantic City’s Revel to Close in September

Atlantic City’s Revel to Close in September

After failing to find a buyer in bankruptcy court, Revel Casino Hotel in Atlantic City will close its doors Sept. 10, according to a report from the Associated Press. The property, which cost $2.4 billion to build, opened in April ...

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Taj Group Managing Director Resigns

Taj Group Managing Director Resigns

Raymond Bickson will step down as managing director and chief executive officer of the Indian Hotels Company Limited (the Taj Group of Hotels), effective Aug. 31. He has spent the last 11 years in a leadership position with the hotel company. ...

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Travel Exports Outpace Overall Export Growth

Travel Exports Outpace Overall Export Growth

A new U.S. Department of Commerce report shows that total June exports of $195.9 billion and imports of $237.4 billion resulted in a goods and services deficit of $41.5 billion, down from $44.7 billion in May. In reaction to the ...

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