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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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AC Hotel Coming to Cincinnati in 2015

AC Hotel Coming to Cincinnati in 2015

A 130-room AC Hotels by Marriott is slated to open in Cincinnati, Ohio, in fall 2015. It will be a key part of a planned $350 million major retail, residential, and office project named Liberty Center in northern Butler County. ...

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