The Hotel and Travel Week #2

Monday, 26th October

InterContinental Hotel Group announces a second InterContinental Hotel in London to open before the 2012 Olympic Games.
IHG have signed a contract with Splendid Hotel Group for a 20 year management contract. The property in question is a new 254-room six storey building in the Westminster area.
Despite tough economic times IHG seem to believe in the strength of their brands. They are planning to add 5,000 rooms in the UK over the next two or three years.

Tuesday, 27th October

Hotels Magazine reports that Choice Hotels may soon have a major ally in its ‘war against Expedia’. At their annual conference, Best Western has been hinting that they are prepared to take similar action against the OTA. They also said that they are working more aggressively with Expedia’s competitors to define their market share.
Wednesday, 28th October
The business travel segment is growing again, according to InterContinental Hotels Group. Corporates had pulled back their investment in business travel during the financial crisis but more recently IHG see people coming back. Is this a sure sign of the crisis being over?
Thursday, 29th October
A surprise announcement that Choice Hotels have resumed negotiations with Expedia last week. Apparently Choice is not interested in leading an industry revolt against Expedia and try to end a ‘messy public feud’. The reason given is that they want to do ‘what’s right for their franchisees’. Expedia had pulled all Choice Hotels from their website after negotiations had come to a standstill.
Friday, 30th October
Travelocity announces to be the first and only to guarantee hotel prices across the web prior to the day of check-in. Competing sites offer price protection on hotel bookings only for lower prices found on respective sites and often within the suppliers cancellation window. Travelocity customers can now claim a refund whenever they find a lower price for their booking anywhere on the web (except name your own price services). Additionally, Travelocity scrap change or cancellation fees for hotel bookings or packages (excluding last minute packages).

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