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Features
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Food & Beverage - Avoid Slashing Your Menu Prices - By Joe Dunbar
Economic conditions are rapidly changing with worldwide demand for energy at an all time high and rising interest rates in the USA. Higher costs are functioning as a tax on discretionary income. Borrowers and drivers are paying a lot more for money and gas. Restaurant expenditures often depend on patron's discretionary income. With the home equity line of credit option disappearing rapidly, credit card expenditures will be tightly monitored by more consumers. ...more
The Power Of The Per-diem Rate - By Daniel Voellm
Several markets in the United States rely heavily on government demand. Changes in the way allowances for government travelers are established can turn markets, for better or worse. ...more
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Trends
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August Travel Price Index Increased 6.2 Percent
2006 August Travel Price Index, the TPI, was 0.6 percent lower than July 2006 and 6.2 percent higher than August 2005. ...more
Weekly U.S. lodging performance for the week of Sep 24, 2006 - Sep 30, 2006
Weekly summary of Occupancy, ADR and REVPar for the United States. ...more
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Technology
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How to join the world's first Generic Direct Booking Portal - by Francis Hung
HoteLook(R) has developed the world's first 'generic direct booking portal (GDBP)' which will maximise online generated revenue for hoteliers and property owners through sales directly from their property's web site. ...more
The Award-Winning Lodge at Torrey Pines Leaves Major Brand, Selects TravelCLICK to Control Identity and Optimize Distribution
TravelCLICK Inc., a leading provider of hotel business process management (BPM) solutions, announced today that The Lodge at Torrey Pines in La Jolla, CA, has implemented the iHotelier Central Reservations System (CRS) for its online booking engine and connectivity to the four major global distribution systems (GDS). ...more
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Appointments
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Jon Crellin Named General Manager at the Fairmont Hamilton Princess
Norman Mastalir, managing director, Bermuda and general manager at the Fairmont Southampton, announced the appointment of Jonathan Crellin to general manager of the historic Fairmont Hamilton Princess, effective October 23, 2006. ...more
David Gibbons Named General Manager of The Lenox Hotel, Boston
David Gibbons has been appointed General Manager of The Lenox, a 212 room 4-diamond hotel in the heart of Boston's historic Back Bay. ...more
New Millennium Hotels Appointments in Boston, New York City and Saint Louis
Jay R. Campbell has been appointed general manager at the Millennium Hotel St. Louis, John D. Murtha has been named general manager of the Millennium Bostonian Hotel and Mark R. Irgang becomes general manager of the Millennium UN Plaza Hotel. ...more
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Development
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Optimum Hotel Brokerage Sells Best Western Colonial Hotel and Conference Center
Hartford, Connecticut Hotel Sold to Regional Operator ...more
Cambria Suites Breaks Ground In Savannah, Georgia Market
Construction Begins On the First Signed Cambria Suites Contract ...more
Portman Holdings Expands Internationally With Major Deals and Executives
Company Projects Span Fast-Growth Far East ...more
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Environmental
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Crushing Bottles Cuts Costs, Saves Space, Aids Environment - By Glenn Hasek
Any hotel property that has a restaurant or bar has to deal with bottle disposal. No matter where they are on the property-behind the bar or in the dumpster-bottles take up space. It costs money in labor to move them from one location to another and to have them hauled away. ...more
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Financial
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Vail Resorts Announces Fiscal Fourth Quarter and Fiscal 2006 Year-End Results
Record fiscal year net income of $45.8 million, 97.8% higher than last fiscal year ...more
Marriott 3rd Quarter Profit Slips, Revenue Flat
Marriott 3rd-Quarter Profit Down 5.4 Percent As Revenue Stagnates, but Beats Street View ...more
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Openings
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Wyndham Vacation Ownership Opens WorldMark Indio in California
Premier Resort Property will be Largest Resort in WorldMark Portfolio Once Complete ...more
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Other
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As hotels upgrade, some items are left behind
As hotels spend billions on 21st-century upgrades, younger generations of travelers will grow up sleeping in a new breed of hotel. ...more
IH/M&RS Features Keynote Seminars Focused On Women Executives And Allied Buyers
During the International Hotel/Motel & Restaurant Show(R) (IH/M&RS) two keynote seminars on female leadership and vendors will take place at the Jacob K. Javits Convention Center in New York City. ...more
EMEA Hospitality Enews - Week Ending September 29 - 2006
Weekly Hotel Industry News Roundup from Europe, Middle East and Africa ...more
Asia Pacific Hospitality Enews - Week Ending September 29 - 2006
Weekly Hotel Industry News Roundup from Asia Pacific ...more
Benchmark & New Brunswick(NJ) Mayor Jim Cahill Announce Unique Hiring Initiative
$110 Million Mixed Use Property Creates Up to 300 Jobs, Opens in March ...more
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