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