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Demand strengthens hotels' hand at negotiating table.

Publication: Business Travel News
Publication Date: 06-SEP-04
Format: Online - approximately 145 words
Delivery: Immediate Online Access

Article Excerpt
Citigraup Smith Barney analyst Michael Rietbrock said an increase in corporate transient demand over the summer has resulted in hotels beginning to see more profits from rate hikes than simply occupancy gains. On the meetings side, higher-paying groups are replacing lower-rated ones, said JP Morgan Chase's Harry Curtis. Deluxe...

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