cheap hotels in new orleans

Massive Budget Hotel Deal Dead After Long Saga

This is a published version of the Forbes Daily newsletteryou can sign-up to get Forbes Daily in your inbox here. Good morning, Today is Equal Pay Day. Put another way, it’s the day that symbolizes how far into the year women have to work until they earn as much as men will be in 2023. For all of the efforts out there to narrow the gender pay gap, women still earn 84 cents for every dollar a man makes. For a 20-year-old woman just starting in a full-time career, that’s a loss of $407,760 over a 40-year career compared to… Read More

Hyatt is doubling down on luxury while its competitors focus on budget hotels

The future of Hyatt is about luxury, lifestyle and resorts. Cheap hotels? Leave that to Hilton and Marriott. Hyatt on Thursday reported hefty profits ($294 million for the last three months of the year and $455 million for all of 2022) and significant growth — increasing its room count by nearly 7% last year. That’s higher than Marriott’s 3.1% net unit growth and Hilton’s 4.7% (though both companies have larger portfolios than Hyatt’s). Marriott and Hilton both made moves in recent months to court travelers at more affordable price points. Marriott plans to acquire the Mexico-based City Express chain of… Read More