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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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Hedge Fund Pushes IHG to Pursue Merger

Hedge Fund Pushes IHG to Pursue Merger

The hedge fund Marcato Capital Management has retained investment bank Houlihan Lokey as a financial advisor, as it seeks to convince InterContinental Hotels Group to sell itself. The $3 billion San Francisco-based hedge fund owns a nearly 4 percent stake ...

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Hotel Fines Couples $500 for Bad Online Reviews

A hotel in Hudson, N.Y., allegedly charges wedding couples $500 for every negative review posted online by their guests, according to reports from the New York Post, Business Insider, and ABC News. “If you have booked the Inn for a wedding or ...

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Caesars Installs Separate Management in Major Operating Division

Caesars Installs Separate Management in Major Operating Division

Caesars Entertainment Corp. has installed separate management in one of its operating entities, Caesars Entertainment Operation Co. (CEOC), according to the Las Vegas Review-Journal. CEOC operates 44 casino properties, including Caesars Palace, Caesars Atlantic City, and Harrah’s Reno. The effort is ...

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Budgetel Brand to Continue Under New Management

Budgetel Brand to Continue Under New Management

A spokesperson for Budgetel Lodging, the Atlanta-based investor group that has owned the Budgetel hotel brand name since 2007, wants to correct recent industry reports that the upper economy chain is being terminated. The Budgetel brand will continue and expand, ...

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