Hotels Spiking Rates, Limiting Corp. Inventory | btnonline.com

Hotel chains are pushing for substantial rate increases and are reducing the number of corporate deals they are offering as they negotiate with buyers for 2006 contracts. Bjorn Hanson, head of the hospitality and leisure practice at PricewaterhouseCoopers last week said that while average daily rates overall are expected to increase on average by 4.7 percent next year, corporate customers, particularly those favoring higher-tier hotels, will be...