|

Hotel Reshopping Attracts New Providers As Rate Volatility Continues

On Monday, Israel-based airfare reshopping tech firm FairFly announced it would roll out a hotel price assurance service to clients beginning next quarter. This follows a pandemic expansion by the U.K.’s HotelHub, which powers booking services like CWT Roomit, into lodging price reshopping. FairFly’s move came in response to “many client requests,” according to CEO…

|

Hotels Reconstitute, Restore Brand Standards With Business Travelers In Mind

Hotel executives say they are reconsidering and reinstating brand standards, potentially impacting business traveler expectations and corporate sourcing.  Brand standards govern the responsibilities of property owners and operators. Ranging from design, maintenance and renovations to operations, amenities and customer services, they support consistent experiences and define brands. Prominent among them are specifications for food and…

|

Will Required Hotel Guest Vaccinations Hit Corporate Travel?

While there are plenty of Covid vaccine mandates for indoor places around the country and the world, there are few for hotels. In the United States, they’re limited to a handful of smaller boutique hotels and leisure/resort properties — for now. A few other countries already enacted rules requiring proof of vaccination for lodging guests,…

End Of An Era As Carlson Family Agrees To Reduce Equity To Cut CWT’s Debt

The descendants of Curt Carlson will no longer serve on CWT’s board of directors under a proposed financial restructuring, announced Wednesday, to repair the travel management company’s balance sheet and dilute the family’s stake. Holders of over 90 percent of CWT’s outstanding debt agreed to a deal that would make majority owners of a handful…

|

Marriott Again Wants To Skip Corporate Rate Negotiations As Hotel Pricing Remains Volatile

As it and several other hotel companies did last year, Marriott International told corporate accounts it would roll over current-year negotiated rates to next year and bypass the request for proposals process. Some companies last year agreed to that approach but others held out and insisted on negotiating new rates. The hotel company is getting…

|

Debt-Laden CWT Is In Talks On Financial Restructuring As Big Company Travelers Remain On The Sidelines

CWT’s lenders agreed to delay the company’s June interest obligations amid discussions about “the best possible financial plan for CWT,” according to a company spokesperson. CWT skipped a June 15 interest payment, as first reported the next day by Bloomberg. That kicked off a 30-day grace period before default. Unnamed sources told the outlet that “forbearance…

Huge Pool Of Candidates Pledges Transparency, Global View On GBTA Board

Thanks to the pandemic, newly approved bylaws and turnover on the Global Business Travel Association board, 2021 will usher in a new era for the association. The membership has called for change, and two dozen industry professionals are vying for eight open board seats in elections that will run June 21 to July 19. The…