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asianhospitality

Lawsuit alleges STR program violates antitrust laws - 0 views

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    A LAWSUIT FILED in federal court in Washington state alleges that STR, owned by commercial real estate information researcher CoStar Group, along with several major hotel companies conspired to inflate luxury hotel rates. The seven individuals named as plaintiffs in the lawsuit seek to make it a class-action filing on behalf of every person who stayed at the defendants' hotels from February 2020 until the present for an unspecified amount. CoStar and hotel companies including IHG Hotel & Resorts, Marriott International and Hyatt Hotels Corp., entered an exchange of "competitively-sensitive information about their prices, supply, and future plans" in violation of the antitrust provisions of the Sherman Act, according to the lawsuit. STR and most of the other defendants in the suit did not respond to requests for comment in time for this article, but a spokesperson for IHG said the company could not comment on pending litigation. "Teddy Roosevelt passed the antitrust laws to prevent titans of industry from price fixing in smoke-filled rooms," Steve Berman, the plaintiffs' lead attorney told Reuters, calling the defendants' conduct the "modern equivalent." The alleged price fixing happened in major cities including Boston, Chicago, Los Angeles, New York, San Diego, Denver, Washington, D.C., and Seattle. The lawsuit focuses on STR's "Forward STAR" product that was expanded into many of those markets in April after launching 17 of the country's 25 largest hotel markets, including Las Vegas, New York City, Los Angeles, Washington, D.C., Boston and Phoenix.
asianhospitality

New Jersey franchise reform bill takes a step forward - 0 views

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    ONE VERSION OF a proposed New Jersey bill that would reshape hotel franchising in the state has passed out of committee in the Assembly but efforts reportedly are under way to amend it to address opponents' concerns. The Senate version of the bill remains in committee. The American Hotel & Lodging Association, a long-time critic of the proposed legislation, called the Assembly Committee on Commerce, Economic Development and Agriculture's passage of the bill a "dangerous step forward." Supporters of the bill, including AAHOA as well as sponsors of the bill, did not respond to requests for comment in time for this article. What's at stake The bills, A3495 in the Assembly and S2336 in the Senate, were introduced at the beginning of the year to replace the original legislation that stalled in the state's legislature last year. It is essentially the same as its prior incarnation. Specifically, the provisions include restricting non-competes that are longer than six months; prohibiting requiring a relocation or capital investment greater than $25,000 more than once every five years unless hotel franchisers can establish a return on the investment; requiring a franchiser that receives "any rebate, commission, kickback, services, other consideration or anything of value" to fully disclose them to the franchisee and turn them over to the franchisee; putting restrictions on mandatory sourcing of goods or resources; and prohibiting suspending, restricting or preventing access to franchise services.
asianhospitality

Future of Fintech: Key Predictions Shaping the Next Decade - 0 views

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    As we stand on the brink of a new era, the world of finance is undergoing a seismic shift. Fintech, the fusion of finance and technology, continues to revolutionize the way we manage, invest, and interact with money. With each passing year, innovations in fintech reshape industries, challenge traditional banking models, and democratize access to financial services. The fintech industry has been a hotbed of innovation and growth, reshaping how financial services are delivered and consumed. As we look ahead to the next decade, several key trends and predictions are set to define the future landscape of fintech. Looking ahead, the next decade promises to be even more transformative. Here, we delve into some top predictions that will shape the future of fintech.
asianhospitality

AAHOA, AHLA applaud passage of No Hidden FEES Act - 0 views

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    AAHOA AND THE American Hotel & Lodging Association welcomed the passage of the No Hidden FEES Act on June 11. The legislation aims to establish a uniform standard for transparent and mandatory fee displays across the lodging industry. The bill, introduced by Reps. Young Kim (R-California) and Kathy Castor (D-Florida), had unanimous approval from the House Energy & Commerce Committee in December and passed with bipartisan support on the House floor. AAHOA said that the legislation would empower its hotelier members and guests to make informed decisions and safeguard their financial interests.
San Juan

New Cruise launched in 2014 by San Juan Cruises- La Conner - 0 views

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    San Juan Cruises are happy to inform the travel lovers a New Cruise will being introduced in 2014, La Conner. Check out the new cruise schedules and offers and the what is the favorite mode in the cruise....
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    San Juan Cruises are happy to inform the travel lovers a New Cruise will being introduced in 2014, La Conner. Check out the new cruise schedules and offers and the what is the favorite mode in the cruise....
Elisa Graceffo

Know about US Preclearance Process, Eligibility and Checkpoints - 0 views

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    Just grabbing the bag and going home without US passport control, Isn't a good thought? It has possibly come true with "Preclearance" facilities set up by US Customs and Border Patrol (CBP) at 15 airports in 6 countries. If you are flying to US with those airports can pass through US immigration and customs before you board your flight. The benefits of preclearance is not only to facilitates your entry in US but it is an extra layer of scrutiny to make sure terrorists or other inadmissible people are not allowed to board flights to the US.
nepalkailash

Annapurna Base Camp Trek, Annapurna Sanctuary Trek - 0 views

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    Annapurna Base Camp trek is the most popular Trekking in Nepal. This trek known as a Annapurna Sanctuary Trek. Annapurna Base Camp called ABC trek.
Himalayan Local Guide

Manaslu TREK | GUIDE | COST |ITINEARY | DIFFICULTY - 0 views

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    Manaslu trek is one of the Amazing trips in the Gorkha District region. The Manaslu (8,165m) Height Himal trekking routes opened in 1992 which offers a combination of lush cultural heritage.It is in Gorkha District. Manaslu was first climbed Toshi Imanishi on 9 may 1956. Trekking to Manaslu region starting point from Arughat Bazzar Which need to drive from Kathmandu to Arughat Bazzar around 7/8 hour on the Nepalese bumping road get to Hotel overnight at the lodge next day walking all the way Arkhet Bazzar, Soti khola and Lapubensi keep going following through the Budhi Gandaki River Until Dharamshala Village. The trek also provides to explore the Gurung traditional, Monasteries, Water Falls, Natural Hot spring and its natural habitants like birds and animals Sometimes they come to close by you because they are already been built relation and rapport to human. The floras of the region are the lower flowers to highland juniper including rhododendron, a national flower of Nepal and National bird called Danphe.
himalayanadv

Manaslu Circuit Trek - 0 views

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    Manaslu Circuit Trek offers tranquil beauty and cultural harmony while trekking through a series of landmarks. The off-beat trails on the trek also display authentic Tibetan and Nubri culture. In this trek, you get to visit Manaslu Base Camp and Larkya La Pass (5160m) as well. All in all, views of the Mt. Manaslu (8163m) and Manaslu Conservation Area are the highlights of the trek.
Seasmoke

Golden-hooded Tanager - Costa Rica Rainforest Lodge, Selva Verde - Field Notes Blog - 3 views

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    The golden-hooded tanager (Tangara larvata) is among the most striking of the neotropical tanagers, a group of more than 200 species, most with extraordinarily colorful plumages. In common with most other tanagers, this species is not a proficient songster and its vocal repertoire comprises a few coarse rattles and a sharp 'tsit'. This tanager, sometimes called 'golden-masked tanager', is common in the Selva Verde area, where it occurs primarily in the upper forest canopy and in clearings. However, pairs and small flocks often can be seen in gardens and at fruit feeding stations, where bananas seem to be a particular favorite item.
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    Kanchenjunga trek, off the beaten trek stretching into outsized natural conservation area with understanding mountain culture. Also, walking along the wild glacier of third highest mount Kanchenjunga and get close sights of flora and fauna. https://musicaltrek.com/kanchenjunga-trek/
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    make your holidays enjoy full dont worry about hotel,l restaurant , safety,guides and a lots of more things visit for further details https://www.e360.pk/
asianhospitality

Summer travel : Slight dip in U.S. hotel performance | STR Report - 0 views

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    THERE WAS A slight dip in U.S. hotel performance in the fifth week of July compared to the week before, which was the traditional summer travel peak, according to STR. Performance metrics for hotels were lower during the week compared to the week before, but higher when compared to 2019. Occupancy was 71.9 percent for the week ending July 30, down from 72.8 percent the week before and dropped 3.8 percent from 2019. ADR was $158.32 for the week, a slight dip from $158.79 the week before and increased 18.3 percent from three years ago. RevPAR reached $113.90 during the week, down from $115.59 the week before and up 13.9 percent from 2019. Nashville reported the largest occupancy increase during the post summer travel peak week, up 4.2 percent to 77.8 percent, over 2019 among STR's top 25 markets. The highest occupancy were in San Diego (87.4 percent), Boston (85.5 percent), and Oahu Island (85.3 percent) during the week under review.
asianhospitality

Highland Group: November Recovery Indices Pass 100 Percent - 0 views

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    THE COLLECTIVE RECOVERY indices of U.S. extended-stay hotels exceeded 100 percent in November for the first time in 2021, according to hotel investment advisors Highland Group. The strongest gains were reported by mid-price and upscale extended-stay hotels. Economy extended-stay hotels continue to lead the RevPAR recovery during the month with a 22 percent gain compared to two years ago, according to "U.S. Extended-stay Hotels Bulletin: November 2021" report from the Highland Group. According to the report, the 4 percent increase in extended-stay room supply in November tied with October as the lowest monthly gain in 2021. "The impact to supply growth from reopening hotels closed during the pandemic is effectively over. Early indications are that mid-price and upscale supply growth should be well below pre-pandemic levels during the near term," the report said. "The overall hotel industry lost far more revenue than extended-stay hotels in 2020, so it is now recovering revenue more quickly." STR reported that all hotel room revenue was up 110 percent in November compared to a year ago.
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