Hyatt CEO Mark Hoplamazian told analysts the company expects corporate negotiated rates to increase 7 percent year over year during 2016. He said the increases reflected the expansion of the company's brand offerings, referring in part to Hyatt's build-out of select-service brands Hyatt Place and Hyatt House, and "increased traction with key volume accounts." He added that the rate increase does not reflect more relaxed contract terms; instead, they've "maybe tightened up a little bit over time." Corporate negotiated business makes up about 10 percent of Hyatt's volume, Hoplamazian said, and the company has seen strong demand from the pharmaceutical and technology industries. Demand from the energy and manufacturing industries looks to remain weak in 2016, a sentiment also expressed by Marriott in its earnings call. Starwood, too, reported increases in corporate negotiated rates, "with average rate up in the mid-single digits" for 2016 among its North American clients, according to new CEO Thomas Mangas. Get the full story at BTN and BTN