Home | Business News | Browse by Publication | B | Business Travel News

Chicago hotels see rebound.

Publication: Business Travel News
Publication Date: 18-OCT-04 		Format: Online - approximately 716 words
Delivery: Immediate Online Access

Article Excerpt
After suffering a dropoff in convention and meetings business in the first six months of 2004, Chicago-based hotels are optimistic that bookings will rebound in the next 12 to 18 months. When those bookings return, companies may see higher prices and have less negotiating power.

Meeting space rates in 2005 will be 10 percent higher than this year, and buyers can expect sleeping room rates to jump 6 percent 10 percent over the same period, said Scot Cotton, director of sales and marketing at the Chicago Marriott Downtown-Magnificent Mile.

Anticipating a strong 2005 and 2006, the Marriott has invested $12 million into all 1,200 of its...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Travel News
Court upholds card rulinq., October 18, 2004
ACTE to ask E.C. to join fight against IATA rules., October 18, 2004
Buyer concern about hotel room availability grows., October 18, 2004
Corp. rail deals on track in Europe., October 18, 2004
Profiles in travel management: travel program audit finds savings., October 18, 2004

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.