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Features
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Beating The Budget - U.S. Hoteliers Underestimated 2005 - By Robert Mandelbaum
When budgeting for 2005 in the fall of 2004, U.S. hotel managers had a keen understanding of the position of the lodging industry on the business cycle. Being the first year out of the recession, 2004 was a year of tremendous growth in occupancy, accompanied by modest gains in average room rates (ADR). Therefore, when looking forward to the next step up the recovery cycle, hotel managers foresaw somewhat of a reversal in growth patterns for 2005. ...more
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Trends
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Cornell Roundtable Discovers: When It Comes To Human Resources, One Size Does Not Fit All
Alignment and innovation were the focal elements of the third Human Resources Roundtable at the Cornell University School of Hotel Administration. Sponsored by the Cornell Center for Hospitality Research, along with co-sponsors eCornell and Cornell's School of Industrial and Labor Relations, the Roundtable connects industry leaders with Cornell's faculty and students. Its goal is to crystallize the key issues facing the industry's human resources professionals. ...more
Despite Rising Hotel Rates, Many Holiday Travelers Would Prefer to Trade in Family Sofas and Guest Rooms for the Comfort of a Hotel
42 Percent of Adults Would Prefer Hotels to Relatives' Homes If They Were Visiting Family for the Holidays ...more
Weekly U.S. lodging performance for the week of October 01, 2006 - October 07, 2006
Weekly summary of Occupancy, ADR and REVPar for the United States. ...more
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Development
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Wyndham Worldwide to Rebrand Its Timeshare Properties
World's Largest Vacation Ownership Business Will Carry the Wyndham Flag ...more
$700 Million Bahamian Rum Cay Resort Marina Reveals Master Site Plan
Montana Holdings, Ltd., the developers of Rum Cay Resort Marina, along with architect, Bruce Lafleur and Associates Ltd., have recently revealed the master site plan for the 900-acre, multi-use residential resort and mega-yacht marina development. ...more
Istithmar acquires W Hotel Union Square in New York for US$285 million
Reinforcing its portfolio of high-profile assets in the hospitality sector across the globe, Dubai's leading alternative investment house, Istithmar, announced today the acquisition of the landmark W Hotel Union Square - a luxury hotel in Manhattan, New York - valued at US$285 million. ...more
Belize Ara Macao Resort and Marina Approved
The Belize National Environmental Appraisal Committee recently approved a development project in Placencia, Belize. ...more
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Environmental
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Boston Green Tourism Positions City as Eco-Friendly Meetings Destination - By Glenn Hasek
Formed a year ago as an outgrowth of the Coalition for Environmentally Responsible Conventions (CERC), Boston Green Tourism (BGT) is working to position America's Walking City as the place to go to find green hotels and meeting facilities. ...more
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Internet
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aloft Hotels Opens Online in Second Life
Exclusive Launch Party and Special Appearance by Epic Recording Artist, Ben Folds ...more
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Openings
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London's Legendary May Fair Is Reborn
$140+ Million Restoration Breaths New Life into One of Mayfair's Most Beloved Hotels ...more
Grand Opening of the All-Inclusive Riu Vallarta Hotel in Mexico
The 550-room Riu Vallarta Hotel, the second Riu resort in Puerto Vallarta, Mexico, will open its doors on November 17, 2006. ...more
Noted Chef Rick Tramonto Adds Plenty of Flavor to the Opening of $125 Million Westin Chicago North Shore
412-Room Hotel to Feature Three Unique Restaurants Operated and Designed by Famed Restaurateur ...more
Choice Hotels Adds 31 New Hotels in September
Choice Hotels continues to grow with the announcement of these newly opened franchised properties ...more
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Other
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Building An Elevator to Space
LiftPort Group, the Space Elevator Companies, Unveils Its First Technical Road Map For Building An Elevator to Space ...more
Butch Kerzner, CEO of Kerzner Killed in Helicopter Crash
Butch Kerzner, CEO of Kerzner International Holdings Limited, was in a helicopter accident while surveying potential development sites for the Company in the Dominican Republic. ...more
World's 10 Hippest Hotels
New York's Groovy Hotel Gansevoort Jet Sets the Bar for Avant-Garde Accommodations ...more
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