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GBTA Increases U.S. Business Travel Spending Projection

GBTA Increases U.S. Business Travel Spending Projection

The Global Business Travel Association now expects U.S. business travel spending to rise 7.1 percent in 2014 to $293.3 billion, a substantial upgrade from the 6.6 percent growth to $289.8 billion GBTA predicted last quarter. GBTA attributed the forecast upgrade ...

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La Quinta Launches IPO

La Quinta Launches IPO

La Quinta Holdings Inc. announced the pricing of its initial public offering of 38.25 million shares of its common stock at a price to the public of $17 per share. La Quinta has granted the underwriters a 30-day option to ...

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Google Enters Licensing Deal with Room 77

Google Enters Licensing Deal with Room 77

Startup Room 77 has licensed its hotel-search technology to Google, according to the Wall Street Journal. Room 77 cofounder and chief technology officer Calvin Yang has joined the Google team as part of the deal. Room 77 allows users to ...

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Wyndham Must Face FTC Lawsuit Over Data Breach

Wyndham Must Face FTC Lawsuit Over Data Breach

Wyndham Worldwide must face a U.S. Federal Trade Commission lawsuit over computer security lapses that allowed hackers to steal data on more than 619,000 consumer credit-card accounts, a judge ruled. On April 7, U.S. District Judge Esther Salas in Newark, ...

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McMenamins Seeks Private Investors for Hotel Project

McMenamins Seeks Private Investors for Hotel Project

The founders of family-owned McMenamins Inc., which operates 52 pubs, restaurants, and historic hotels in the Pacific Northwest, are inviting private investors to join the redevelopment of the vacant Anderson School in the heart of Bothell, Wash., into a vibrant ...

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