News in brief: Airbnb, Le Méridien, Pricing Outlook

Airbnb expands business program: Airbnb launched a new product suite aimed at making it easier to use for companies. Businesses now have access to a range of features including visibility into employee travel itineraries booked through Airbnb, financial reporting data and central billing.

Read more at Airbnb’s website


Le Méridien Dallas sold: NB Holding purchased the 258-room Le Méridien Dallas by the Galleria. Arden Group and HEI Hotel & Resorts were the sellers. 

Read more at The Dallas Morning News


Global Travel Price Outlook: The GBTA Foundation and Carlson Wagonlit Travel issued their 2016 Global Travel Price Outlook, which projects how demand, currency and other factors will impact air travel, hotel and other transportation costs. The report states that 2016 will show an increase in hotel prices worldwide because demand is overtaking supply in every major global region.

Download the report


Marco Polo president retires: Eric Waldburger, president of Marco Polo Hotels, announced his retirement effective January 31, 2016. Jennifer Cronin, current vice president of sales and marketing for Marco Polo, was named Waldburger’s successor.


Arbor acquires in Indianapolis: Arbor Lodging Partners acquired the 82-room TownPlace Suites Indianapolis Keystone and the 94-room TownePlace Suites Indianapolis Park 100. NVN Hotels, an affiliate of Arbor, will manage the hotels.


Holiday Inn Express Mill Valley sold: Terrapin Management Corp. purchased the Holiday Inn Express Mill Valley in Marin County, California for US$28 million. Formerly the Larkspur Mill Valley Hotel, Ultima Hospitality rebranded the 100-room hotel to a Holiday Inn Express in 2012 before the sale.