About the Post

Author Information

Through a merger between the Baltimore Washington Corridor Chamber and the West Anne Arundel County Chamber in early 2017, the Central Maryland Chamber of Commerce (CMCC) was created. We are dedicated to providing networking, information and growth resources to all sizes and kinds of businesses, agencies, institutions and organizations. Our connections to business, industry, academia, government are unparalleled.

Hotel CEOs Warn Of Corporate Rate Increases

By Julie Sickel

New York City – Group demand at U.S. hotels continues to grow, and corporate travel buyers should expect significant rate hikes in this year’s request-for-proposals season as a result, top hotel executives said Monday at the New York University International Hospitality Industry Investment Conference.

Hilton Worldwide president and CEO Chris Nassetta put it frankly when asked what buyers should expect in negotiations: “To pay more.”

“If we were mid-single digits last year,” he said, ”it should be high single digits next year. We have a better group base, so there’s more leverage.”

Read full article here from Business Travel News


No comments yet.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: