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Category: Financial


Finance and Development, Financial

C3 secures another $10M in funding

October 15, 2021

Via: Restaurant Dive

This latest partnership will give C3 access to Lurra Capital’s global partners, which could facilitate C3’s international growth. C3 plans to reach 12,000 locations by 2023, and each of its current brands generate about $1 million per outlet, according to […]


Finance and Development, Financial

Report: Hotels Projected To End 2021 Down $59 Billion In Business Travel Revenue

September 15, 2021

Via: Hospitality Net

The hotel industry is projected to end 2021 down more than $59 billion in business travel revenue compared to 2019, according to a new report released today by the American Hotel & Lodging Association and Kalibri Labs. That comes after […]


Finance and Development, Financial

AHLA Applauds Enhancements To Loan Program For Hoteliers

September 13, 2021

Via: Hospitality Net

The White House yesterday announced the expanded COVID-19 Economic Injury Disaster Loan (EIDL) program, giving qualified hoteliers access to up to $2 million per loan. The American Hotel & Lodging Association (AHLA) has been working with Biden Administration and Small Business Administration […]


Finance and Development, Financial

Choice Hotels Commits $50,000 In Grants To Help Franchise Business Owners Serve Their Local Community

August 24, 2021

Via: Hospitality Net

Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest lodging franchisors, is bringing back its Your Community, Your Choice. Choice Hotels Local Business Grant Program to recognize and support hotel owners’ service efforts. Originally launched in 2019, Choice […]


Finance and Development, Financial

U.S. Hotel Stocks Dropped 3.0% in June

July 8, 2021

Via: Hotel News Resource

The Baird/STR Hotel Stock Index dropped 3.0% in June to a level of 4,993. Year to date through the first six months of 2021, the stock index was up 9.2%. “Hotel stocks declined again in June and continued their relative […]


Finance and Development, Financial

Baird/STR Hotel Stock Index Dipped 2.8% In May

June 8, 2021

Via: Hospitality Net

The Baird/STR Hotel Stock Index dipped 2.8% in May to a level of 5,148. Year to date through the first five months of 2021, the stock index was up 12.6%. “Hotel stocks declined in May and underperformed their respective benchmarks […]


Finance and Development, Financial

Investment Giants Lobby to Avoid Antitrust Scrutiny

April 8, 2021

Via: WSJ

Asset managers are fighting a proposal from U.S. antitrust authorities to tighten scrutiny over how these firms influence the way businesses operate and, in turn, the prices of everything from airline tickets to food. In March, the asset-management industry pushed […]


Finance and Development, Financial

Investment Juice is Flowing into Travel and Hospitality Startups

March 25, 2021

Via: Hospitality Net

The industry is buzzing with news that Montreal and Boston-based travel app Hopper has just received another round of fresh funds. Capital One led this round that injects another $170M into the company, which appears to have set its sights […]


Finance and Development, Financial

As Bitcoin Surges, Will Cryptocurrency Become an Accepted Form of Payment in Travel? – PhocusWire

February 18, 2021

Via: Hotel News Resource

The wild ride of Bitcoin has dominated headlines in recent weeks. The cryptocurrency’s value stands around $50,000 for one Bitcoin this week – compared to about $10,000 a year ago and around $400 five years ago. Bitcoin is just one […]


Finance and Development, Financial, Hotels

Marriott International Expects To More Than Double All-Inclusive Portfolio In An Agreement With Sunwing Travel Group

February 9, 2021

Via: Hospitality Net

Marriott International, Inc. (NASDAQ: MAR) today announced a significant planned expansion of its all-inclusive portfolio through a long-term agreement with Sunwing Travel Group’s hotel division, Blue Diamond Resorts, which has an extensive portfolio of resort properties throughout the Caribbean, Central […]