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The Source for hotel industry news since 1998

2006-06-26 Hospitality Trends

Development

REIT Ahead - By Gisle Sarheim
Wall Street is putting pressure on REITs to grow - but with increasing competition for premium assets, can they deliver? From Hotel's Investment Outlook, June/July Issue (2006) ...more

Investment Perspective 2006 - By Gisle Sarheim
This article examines the 'State of the Union' for hotel investments, and whether to buy, sell, build, or be bought. ...more

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Employment

Hotel Labor - Big Cost, Big Issue
In 2005, labor expenses remained the largest single expense item for hotel managers, accounting for 44.6 percent of total operating costs. Consequently, any trend or issue that could potentially impact labor costs must be taken seriously by hotel owners and managers alike. ...more

State-Of-the-Art Measurement in Human Resource Assessment - By Jim Houran
This article outlines the concept of state-of-the-art measurement in human resource assessment. ...more

How to Keep The Winners: Some Proven Business Management Techniques for Maintaining Great Staff - By Jack Turesky, President, The Hamister Group, Inc.
After spending a lot of time and resources finding and hiring the highest quality staff available, you might be in the fortunate position of having really great, dedicated people working at your company. ...more

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Food and Beverage

Technomic's Annual Survey Sheds New Light on Bar Sales at Chain Restaurants
Alcoholic beverages play an important revenue-generating role at roughly half of the Top 500 chain restaurants in this country. ...more

Food & Beverage - Perpetual Inventory-Stratified Random Sampling - By Joe Dunbar
My final review with the RCA Corporate Audit staff involved the Accounts Receivable sub-ledger at the global telecommunications subsidiary. By the time I was asked to help, the job was already over the budgeted time and everyone was under the gun to get the report to management. To keep costs at a minimum, I requested interns from Rutgers Graduate School of Business. ...more

Overcome By Ambiance! - By John R. Hendrie
Many in my generation (the boomers) had our sense of the dining experience shattered by the military. It was 'Hurry up and wait', the clang and clash of trays, and a product, which was the best money could buy and the easiest to reduce to taste deprivation. ...more

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Internet

Fewer Consumers Using Internet to Make Travel Plans
Rising Gas and Other Costs, and Slowing Economy Could Be Influencing Decisions - The Conference Board Consumer Internet Barometer Tracks Who's Doing What on the Internet ...more

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Management

Five Tips to Improve the Cohesiveness in Your Management Team - By Dr. Rick Johnson
A cohesive management team is the most important ingredient to your company's success. The management team needs to function as a team to maximize their accomplishments. To quote an over used phrase, teamwork is really key to an effective management team. ...more

Brand Your Moments of Truth - By Rick Hendrie
The best brands offer many reasons for both purchase and continued loyalty. Two aspects of remarkable branding are critical: identifying the key moments in the buying process, the Moments of Truth, and branding them. ...more

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Market Reports

Weekly U.S. lodging performance for the week of Jun 11, 2006 - Jun 17, 2006
Weekly summary of Occupancy, ADR and REVPar for the United States. ...more

The Caribbean Market is Heating Up - In More Ways Than One - By Parris Jordan
The Caribbean lodging market has rebounded from the difficult years of 2001 and 2002 and continues to post impressive gains that are attracting major foreign investment into the region. ...more

Egypt Continues to Experience Double-Digit Growth in U.S. Tourism in 2006
Americans continue to visit Egypt in numbers not seen since record setting 2000. The trend continued in May 2006 when 18,935 Americans visited Egypt, a 16.3% increase over the same period in 2005. ...more

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Other Articles

Turn Trash into Cash
Pineapple Hospitality(R) and Midas Consulting Identify Eight Red Flags For Hotel Operators to Improve Environmental Practices and Reduce Waste Management Expense ...more

Resort Hotels -Wanted: Eaters, Golfers, and Shoppers - By Robert Mandelbaum
From a management perspective, resort hotels are a unique form of lodging. Multiple restaurants, lounges, retail stores, and recreational outlets make resort properties more complex to operate than the average transient hotel. ...more

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Travel Trends

Research: Why Timeshare Owners Buy Multiple Weeks
More than 68% of timeshare owners own more than one week. Although the vast majority of first-time owners purchased retail, from the developer, most 2nd and 3rd week buyers have learned a valuable lesson and looked to the resale market. ...more

March 2006 Airline Traffic Data: First Quarter System Traffic Up 0.3 Percent From 2005
U.S. airlines carried 0.3 percent more domestic and international passengers and flew 4.1 percent fewer flights on their systems during the first three months of 2006. ...more

Travel Prices Increase 7.5 Percent in May
The May Travel Price Index, was slightly higher (0.8%) than previous month, but 7.5 percent higher than May 2005. ...more

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Yield Management

Cornell Study Confirms the Value of Revenue Management
Hotel Industry Applies Revenue Management In Good Times And Bad ...more

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 Departments

Click on the department to go directly to these news items.

. Development 2 items
. Employment 3 items
. Food and Beverage 3 items
. Internet 1 item
. Management 2 items
. Market Reports 3 items
. Other Articles 2 items
. Travel Trends 3 items
. Yield Management 1 item

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