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Travel Industry Jobs Fall Just Short of Full Recovery

Travel Industry Jobs Fall Just Short of Full Recovery

Despite the slowing pace of overall job growth in December, the travel industry continued to make significant gains, adding 11,000 jobs. The numbers represent 15 percent of the country’s overall employment gains last month. “Looking back at 2013, while the ...

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2013 in Review: Biggest Hotel Openings

2013 in Review: Biggest Hotel Openings

Each December we find ourselves in a difficult predicament—trying to narrow down what we consider to be the most exciting hotel openings of the year. With the industry bouncing back and hotel construction and development at a steady pace, we ...

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U.S. Hotels Poised for Growth in 2014

U.S. Hotels Poised for Growth in 2014

ATLANTA, Ga.—After a slight deceleration in growth during the last half of 2013, U.S. hotels should see strong gains in revenues and profits in 2014 and 2015 according to PKF Hospitality Research (PKF-HR). According to the recently released December 2013 ...

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Hilton Executives Celebrate NYSE Debut

Hilton Executives Celebrate NYSE Debut

NEW YORK—McLean, Va.-based Hilton Worldwide opened for trading Dec. 12 on the New York Stock Exchange (NYSE) under the ticker symbol “HLT” after its initial public offering. Barclays is the Designated Market Maker (DMM) for the company’s stock. Hilton Worldwide ...

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Study: OTA Loyalty Program Membership Remains Low

Study: OTA Loyalty Program Membership Remains Low

In the past five years, online travel sales have grown from $93-Billion to over $160-Billion, with hotel reservations accounting for almost 40 percent of this total volume. Online Travel Agency (OTA) websites are responsible for one-third of the online hotel ...

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