Hotel business booming

U.S. hotels are as full as they’ve been in a generation.

So that means hotels have less reason to put rooms on travel websites like Expedia and Travelocity.

The New York Times says hotels have also been offering incentives to book directly on their sites-things like room upgrades, complimentary breakfast or shuttle service from the airport.

This year through July, on average, more than two-thirds of the nation’s hotel rooms have been occupied, according to STR, a hotel research firm.

Delta says the big power outage it had last month will cost it 100 million dollars.

It had to cancel 2300 flights.

A fire and failure of a piece of equipment at Delta’s Atlanta headquarters on August 8 caused a massive outage of the airline’s computer systems.

Stocks closed higher even as the latest monthly job growth was disappointing.

Why would that happen?

Weak job growth means no interest rate hike from the Fed.

The Dow ended the day up 72 points.

Thanks to Brexit, London is the top international destination for Americans.

That is the finding of a survey of more than 1,000 travel agents, managers and agency owners conducted by Travel Leaders Group, a Minnesota-based travel agency.

Britain leaving the European Union sent its currency way down, making it cheaper for Americans to go there.

General Motors has now settled the last two faulty ignition switch lawsuits.

The settlement came on the eve of what would have been the fourth in a series of test trials intended to help GM and plaintiffs define settlement options.

The faulty ignition switches have been linked to 124 deaths and 275 injuries.

For more business headlines from Jane King at the Nasdaq, watch Daybreak Monday through Friday.

Categories: Daybreak, Morning Business Report

Leave a Reply

Your email address will not be published. Required fields are marked *