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Hilton IPO Raises $2.3 Billion

Hilton IPO Raises $2.3 Billion

On Dec. 12, Hilton stocks began trading on the New York Stock Exchange (NYSE) for the first time since Blackstone took the company private in 2007. The Hilton IPO marks a record offering for a lodging company, raising over $2.3 ...

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Hotel Industry Urges Congress to Pass Budget Deal

Hotel Industry Urges Congress to Pass Budget Deal

A bipartisan deal was announced on Dec. 10 that would set spending levels for the federal government for two years and partially replace unpopular spending cuts of the sequester with other savings. The negotiations were led by House Budget Chairman ...

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Hilton Istanbul Bomonti Opening in January

Hilton Istanbul Bomonti Opening in January

Istanbul’s largest hotel and conference center, the brand new Hilton Istanbul Bomonti, will begin welcoming guests in January. Situated in the heart of central Sisli and adjacent to the former Bomonti Beer Factory, the 35-story Hilton Istanbul Bomonti offers easy ...

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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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