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Airbnb Near Deal with Portland Over Short-Term Rentals

Airbnb Near Deal with Portland Over Short-Term Rentals

Online vacation-rental service Airbnb, which has been operating in Portland outside of the land-use rules that govern other short-term lodging, says it’s near a deal with the city to collect taxes on those rentals, according to this article from The ...

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La Quinta to Raise Up to $781 Million in IPO

La Quinta to Raise Up to $781 Million in IPO

Blackstone-backed La Quinta is seeking to raise as much as $781 million in its U.S. initial share sale. La Quinta plans to sell 37.2 million shares for $18 to $21 each, according to a filing today with the Securities and ...

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Mixed-Use Development to Include Fairmont Chengdu

Mixed-Use Development to Include Fairmont Chengdu

Fairmont Hotels and Resorts has announced the opening of Fairmont Chengdu Residences, the luxury hotel brand’s first residential project in China. Building on Fairmont’s growing presence in Asia Pacific, the residences are part of a mixed-use development that will also ...

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Business Travel Adds to GDP Growth

Business Travel Adds to GDP Growth

Business travel was responsible for about 3 percent of U.S. GDP in 2012 ($491 billion), according to a new report issued by the Global Business Travel Association Foundation. For every 1 percent increase in business travel spending, the U.S. economy ...

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Nancy Johnson Named as Penn State Conti Professor

Nancy Johnson Named as Penn State Conti Professor

The Penn State School of Hospitality Management recently named Nancy Johnson, executive vice president of midscale development for the Americas at Carlson Rezidor Hotel Group, as the spring 2014 Walter J. Conti visiting professor. Conti professors visit the School of ...

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