LATEST NEWS

Independent Hotels Gain Leverage in 2026/27 Corporate Rate Negotiations with Data-Driven Strategies Amid Moderating Rate Growth

📈 Mar 26, 2026: The 2026/27 corporate rate negotiations reveal North American hotel ADR growth of just 1.6%, with EMEA at 1.9%. A BTN survey of 232 travel managers shows 61% expect 2026 rates higher than 2025, but only 24% foresee increases above 5%. Fixed rates remain favored by 83% of travel managers, yet 60% now prefer hybrid models. Amadeus reports 30-40% of business trips include leisure extensions. Rate caps pose risks, often limiting revenue in strong market years.

Innovation

RateGain Partners with Cashfree Payments to Enhance Global Payment Solutions for Travel Brands Across 176 Countries

💳 India, 26th March 2026: RateGain partners with Cashfree Payments to enhance RG Pay, benefiting global travel brands. This partnership enables seamless transactions across 176 countries using local methods like UPI and RuPay. Cashfree, processing over $80 billion annually, supports 180+ payment modes and 12,000 transactions per second. RateGain, serving 13,000+ customers in 160+ countries, increases revenue for travel and hospitality sectors. This collaboration aims to redefine…

Mergers & Acquisitions

Hotel Operations

Environment, Regulatory and CSR

Coral Beach Resort Sharjah First in Middle East to Sign Glasgow Declaration on Climate Action in Tourism

🌍 Coral Beach Resort Sharjah became the first hotel in the Middle East to sign the Glasgow Declaration on Climate Action in Tourism. Joining over 800 global tourism businesses, the UAE property commits to halving emissions by 2030 and achieving net zero before 2050. The declaration, initiated at the UN Climate Change Conference, highlights challenges for Gulf hotels in reducing…

Hotel Openings