The Board of Directors of the Association of Corporate Travel Executives voted last month to reopen merger talks with the National Business Travel Association, a reversal of the June vote against pursuing such action.
Hyatt Hotels Corp. has filed with the Securities and Exchange Commission to go public. Lodging expert Bjorn Hanson of New York University's Tisch Center said the time is right: "There is a growing consensus that lodging stocks are being undervalued."
Senators HArry Reid (D-Nev.) and Bill Nelson (D-Fla.) each introduced bills in August to prohibit U.S. agencies from discriminating against destinations perceived as vacation spots for their meetings.
Sales and Meal Taxes in Massachusetts rose on Aug. 1, from 5 percent to 6.25 percent. As sales tax is not applied to guest rooms, Boston's hotel occupancy levy remains at 12.45 percent -- but perhaps not for long. Boston Mayor Thomas Menino has asked the city council to approve adding 2 percent to the hotel occupancy rate.