Intercontinental

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Extra Room at the Inn as Hotel Biz Slows Down

Demand may be checking out as new rooms keep opening

(Newser) - The hotel business is heading for a downturn just as thousands of new rooms are about to open, the Wall Street Journal reports. One expert sees a .9% fall in demand for hotel rooms this year as the slowing economy keeps travelers at home—the first significant slump since 9/11.... More »

Euro Hotels Hot After Blackstone Deal

Stocks soar on speculation of more private equity buyouts

(Newser) - Investors are snapping up shares of some Europe's biggest hotel chains, the Financial Times reports, as the market bets that more private equity firms will tuck into new cross-Atlantic deals. They're inspired by Blackstone's $26 billion Hilton offer, and a banner year for hotel buyouts more generally. More »

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