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Features
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The Slippery Slope Of Pay For Performance Programs - By John R. Hendrie
Naturally, we want to incent our Managers, push for results, and drive for the numbers. The Bottom Line, ultimately, is how we evaluate Performance, what pleases our stockholders, and, theoretically, encourages our stakeholders. ...more
Hotel People I Have Known - By Harry Nobles
During my tenure at AAA and in the years since, I have had the privilege of meeting and working with hundreds of hotel owners, managers, and employees ...more
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Trends
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Top 10 Group Events September 2006 - North America & Selected Markets
Square Footage Meeting Space Occupied, Square Footage Catered, Estimated Number of Attendees. Data derived from reader board reports covering 652 hotels in 48 markets across 36 states and provinces* - Total number of events surveyed for time period: 27,498 ...more
Robust Financial Indicators In Multibillion Dollar Timeshare Industry
The AIF annual benchmark study by PricewaterhouseCoopers (PwC) of the financial performance of the timeshare industry released today by the ARDA International Foundation (AIF) underscores the ongoing, robust financial performance of the multibillion dollar vacation ownership industry. ...more
Canadian Occupancy, ADR, RevPAR - Week Ending September 23 - 2006
Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada. ...more
Moscow One Of The Most Expensive Hotel Destinations in Europe
In the first half of this year average quality hotel room rates in Moscow have topped $290 per night coming behind to London at $370 per night, and Paris at $345 per night; making Russia's capital one of the most expensive destinations to stay in Europe and the world. ...more
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Technology
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Warwick International Hotels Migrate to MICROS OPERA
MICROS Systems, Inc. (NASDAQ:MCRS) , a leading provider of information technology solutions for the hospitality and retail industries, is pleased to announce that Warwick International Hotels has chosen the MICROS OPERA Enterprise Solution for all 10 of its corporate-owned properties located in the United States and Europe. ...more
Leading Broadband Provider iBAHN Creates Platinum Service Team Model
Platinum Service Team offers dedicated, high-touch assistance to hospitality partners. ...more
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Development
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Dow Hotel Company Plans to Double Number of Basil's Kitchens Restaurants in Next 18 Months
Popular Concept Has Track Record of Raising Revenues, Profits and Guest Satisfaction ...more
Harrah's Receives Acquisition Proposal
Harrah's Entertainment, Inc. (NYSE:HET) today confirmed that its Board of Directors has received a proposal from Apollo Management and Texas Pacific Group to acquire all of the Company's outstanding common stock for $81.00 per share in cash. ...more
Harrah's Nearing Completion of Land Assemblage in Las Vegas
Reaches Agreement to Acquire Barbary Coast ...more
Starwood Announces First New Le Meridien Hotel in Russia since Acquiring the Brand
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced it has executed a long term agreement to manage the newly named Le Meridien St. Petersburg in the historic city of St. Petersburg, Russia. ...more
CHIP Hospitality Purchases Hotels in Quebec and British Columbia
CHIP Hospitality, one of Canada's leading hotel management companies, announced this week that its parent company, CHIP REIT, has completed the acquisition of two new hotels in Quebec and British Columbia. ...more
Playa Hotels Purchases the Gran Costa Real Resort & Spa Cancun
Property to be Managed by Barcelo Hotels & Resorts and Re-Branded as The Barcelo Costa Cancun Hotel ...more
First InterContinental Hotel to open in Ho Chi Minh City, 2009
InterContinental Hotels Group Introduces Luxury InterContinental Brand to Vietnam's Capital ...more
Strategic Hotels & Resorts to Acquire at Completion Hotel Development Space Adjacent to Fairmont Chicago Asset
Strategic Hotels & Resorts, Inc. (NYSE:BEE) announced that it has signed an agreement to acquire at completion new hotel development space comprised of approximately 15 floors of the to-be-built Aqua Building for $82.4 million. ...more
Amstar Group, Davidson Hotel Company Acquire Hyatt Regency Hotel and Spa in Newport, Rhode Island
Partners Plan $23 Million Comprehensive Renovation Program ...more
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Environmental
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Faucet Aerators Reduce Flow, Costs and Energy Required for Water Heating - By Glenn Hasek
Down the drain is not where most hospitality owners and operators like to see their profits go. With a very inexpensive investment in faucet aerators, that does not need to happen. ...more
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