Hotels Sue Booking.com over ‘Best-Price’ Clauses
AMSTERDAM – More than 10,000 hotels across Europe have joined a landmark class-action lawsuit against Booking.com. They accuse the platform of imposing best-price (rate-parity) clauses for two decades—agreements that prevented hotels from offering lower prices on their own websites or … Continue reading Hotels Sue Booking.com over ‘Best-Price’ Clauses
Philippines: MSME hotel owners support each other
Manila – It has been tough for big players of the embattled Philippine travel and tourism, but more so for the micro, small and medium enterprises (MSMEs) – comprising the majority of the industry – that have moved for their … Continue reading Philippines: MSME hotel owners support each other
Asia-Pacific: Hotel Profits Down More Than 100 percent
Secaucus, NJ – Hotel profits in the United States fell 101.7 percent in March, according to lodging-data provider STR, and the numbers aren’t yet getting any better in the Asia-Pacific, according to hotel benchmarking service HotStats. In fact, the impact of COVID-19 … Continue reading Asia-Pacific: Hotel Profits Down More Than 100 percent
Olympics in Japan: Many hotels booked out
Tokyo — Some of the capital’s most iconic hotels have already stopped taking room reservations during next summer’s Olympic Games as the city stares down a 14,000-room shortfall during the festivities. The luxury Hotel Okura Tokyo has cut off bookings … Continue reading Olympics in Japan: Many hotels booked out
Ascott : Serviced Residences in high demand
Singapore – Ascott is accelerating its expansion in Asia by forging strategic partnerships with developers in China, Japan and Thailand, amid an aggressive expansion expected to drive inventory up 300 per cent year-on-year this quarter. In China, Ascott has partnered … Continue reading Ascott : Serviced Residences in high demand