AIPC, the International Association of Convention Centres, conducted a member survey last April, just as oil prices began to skyrock, and found that 84 percent of respondents reported increases in business over the previous year and only 16...

One silver lining to the dark economic cloud is that the growing credit crisis and resulting travel cutbacks at many companies is likely to end the upward creep in airline fares, says Kevin Mitchell, chairman of the Business Travel Coalition, a...

“It’s chaos right now. Every day is a new adventure. There’s nothing in the handbook about weathering an economic downtown, in an election year, with a war on. It’s just a very different time,” says Maura Gast, executive director at the Irving ...

In the wake of the financial crisis, future hotel development will slow to a crawl and we’re likely to see a significant slowdown in all types of travel, says Sean Hennessey, CEO of Lodging Advisors LLC, a hotel consulting company in New York City...

The hotel industry will continue to feel the effects of the economic downturn into 2009 when occupancy rates will bottom out, according to a new report by PKF Hospitality Research...