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2006-10-16 Hospitality Trends

Development

Development Growth in China is Unprecedented
Lodging Econometrics Completes Development Pipelines and Three Year Supply Growth Forecasts for 21 Asian Countries ...more

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Employment

The Devil's In The Details - Pay For Performance Programs Revisited - By Joseph M. Gravish
'Naturally, we want to incent our managers, push for results, and drive for the numbers... And, with a solid reward program, Pay for Performance, in place, 'It is a slam dunk'.' ...more

Hot Labor Market, Low Unemployment Numbers Make Good Benefits 'Competitive Mandatory'
According to the latest statistics from the U.S. Department of Labor, employee productivity is up, unemployment continues to stay low at less than five percent, and hourly earnings for workers continues to increase. ...more

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

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Environmental

Get Your Pedal Off the Metal and Pay Attention to Fuel Efficiency - By Glenn Hasek
A buck sixty-nine. That is the price I paid for a gallon of gas when I last filled up. Admittedly, I got a 30-cent grocery store discount but that is still quite a drop from the $3.00+/gallon that we all had been paying earlier this past summer. You may not be as lucky, but here in Ohio we typically pay some of the lowest prices in the United States for gasoline. ...more

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Financial

The U.S. Economy Will Grow Slowly and Not Sink Into a Recession, The Conference Board Reports Today
Varied economic indicators produced by The Conference Board are now pointing to slow growth ahead in the U.S., but not a recession, according to an analysis released today by The Conference Board, the global research and business membership organization. ...more

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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Food and Beverage

Restaurant Rent: How Much is Too Much? - By Richard Williams
The question of how much rent a restaurant operation can afford to pay is explored, using examples of fixed rent and percentage rent. The relationship between gross sales and rent paid is discussed. ...more

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Internet

Lodging Interactive - Internet Sales & Marketing Fundamentals for Hoteliers (Part 1 of 2)
All hoteliers, whether yours is a branded property or an independent, these fundamentals should be considered when developing an effective strategy, implementing your plan and carrying out the daily sales activities. ...more

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Management

The Relationship Frames The Experience - By John R. Hendrie
We were alerted a number of years ago that we were in the Experience Economy. Of course, that needed some definition, as we moved beyond the typical transactions with our Customer. ...more

Will the Real Hotel Sales Director, Please Stand Up? - By Neil Salerno
The General Manager's Role in Hotel Sales ...more

Companies That Use Combative Advertising May End Up with a Black Eye
John Zhang has a message for Cingular Wireless and Verizon Wireless or, for that matter, any company that uses its ads to attack a competitor. Instead of luring away your competitor's customers, you may just be hurting yourself. ...more

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Market Reports

California Leads Nation's Hospitality Markets, According to New Report From Ernst & Young LLP
Buoyant consumer demand and limited supply of new hotel rooms throughout California led the state's major hospitality markets to outperform the rest of the nation in the first six months of this year, according to The California Mid-Year Lodging Report released today by Ernst & Young LLP. ...more

Soaring average room rates drive hotel performance in China
Hotel performance across China has seen strong growth during the first eight months of 2006 as revenue per available room (revPAR) increased 8.7%, according to the HotelBenchmark Survey by Deloitte. ...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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Security

A Bakers Dozen of Strategies for Hoteliers: Safety and Security - By John Hogan
The numbers 9-1-1 have evolved from the emergency response system to one that evokes a wide range of emotions, especially for citizens of the USA. Nine - Eleven means today a vivid reminder of what can unexpectedly happen to us. The hurricane season of 2005, the fires that affected many western states, the flooding in the northeast US in early 2006 are all examples of potential crises that can tax our resources. ...more

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Travel Trends

The Lone Adventurers
About one in ten leisure travelers hit the road alone (11%) with men younger than 35 leading the pack ...more

Vacation Home Options Redefine Leisure Travel, According to ARDA
Second Home Sales Surge, Representing 40% of Home Sales ...more

Satisfied Timeshare Users Spend More Than Travelers
According to a new study by The American Resort Development Association International Foundation (AIF), Conducted by Ragatz Associates, timeshare has improved the vacation experience for owners. ...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

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 Departments

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

. Development 1 item
. Employment 3 items
. Environmental 1 item
. Financial 2 items
. Food and Beverage 1 item
. Internet 1 item
. Management 3 items
. Market Reports 3 items
. Security 1 item
. Travel Trends 4 items

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