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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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Marriott Strengthening Position in West Africa

Marriott Strengthening Position in West Africa

Marriott International is strengthening its position in West Africa as economic growth in Nigeria and Ghana boost travel and tourism, according to this article from Bloomberg. Protea Hospitality Holdings, which Bethesda, Md.-based Marriott agreed to buy for $186 million in ...

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Hyatt Hotels Reaches 52-Week High

Hyatt Hotels Reaches 52-Week High

Shares of Hyatt Hotels Corporation reached a 52-week high of $54.65 on March 18. Share price of the stock has been on an uptrend since it reported strong fourth quarter results on Feb 14. According to Zacks Equity Research, adjusted ...

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