Principles for success as a manager - Part two: Motivating the team - By John Hogan
In our careers as hoteliers managing a wide range of people, we have all been exposed to people who enjoy being part of the 'team' and others who are viewed as or seem to regularly act contrarian. While most of us as managers and supervisors would rather avoid conflict and confrontation, reality has shown us repeatedly that we need the 'team' in a business that is open to the public 24 hours a day, 365 days a year. ...more

Hotel Revenue Management in a Stagnant Economy - By Neil Salerno
In a stagnant economy, using the principles of revenue management can help hoteliers to maintain and build average rate and occupancy. Even in tough times, every hotel experiences periods of higher demand. Recognizing those periods, in advance, can give you the ability to drive rates when you can and still retain the ability to modify rates during lower demand periods. Being diligent can produce big-time rewards. ...more

Back to Departments

Liquidity and Risk - The Party's Over - By Scott Smith MAI
In the 2007 edition of Hospitality Investment Survey PKF Hospitality Research (PKF-HR) stated that, 'the lingering question on investors' minds is how to maximize yield in a capital induced frenzy of lowered revenue growth expectations, increasing upward pressure on operating costs and questionable exit expectations further on the horizon'. In 2008, it is evident that liquidity in the market has been drastically reduced, RevPAR expectations have been revised downward, and transactions have slowed considerable. ...more

Canadian Occupancy, ADR, RevPAR - Week Ending July 12, 2008
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

AAA Travel Professionals Say Travelers Adjust Plans in Response to Rising Gas Prices
Travelers will change plans, but won't shy away from travel overall ...more

U.S. hotel industry posts record revenue, pre-tax profits
Pre-tax income for the United States hotel industry in 2007 increased 5.3 percent to a record $28 billion, according to the recently released 2008 Hotel Operating Statistics (HOST) Study issued by Smith Travel Research (STR). ...more

Multi-Billion-Dollar Economic Loss from Deteriorating Air Travel System Hits Small Businesses Hardest
Travel Industry Association CEO Testifies Before House Committee that Travelers Are Looking for Leadership from Washington to Address Air Travel Woes ...more

Amidst Economic Woes, Americans Hitting The Brakes on Travel
Leisure travel expectations off sharply. Staycations on the horizon. ...more

Weekly U.S. Lodging Performance for the week of July 06 2008 - July 12, 2008
Weekly summary of Occupancy, ADR and REVPar for the United States. ...more

International Visitation Up in April 2008, Spending at $11.6 Billion for the Month
The U.S. Department of Commerce today announced that 4.1 million international visitors traveled to the United States in April, an increase of 2 percent over April 2007. For the first four months of 2008, visitation was up 12 percent compared to 2007. ...more

May 2008 Canadian Lodging Outlook
Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes occupancy and average room rates from major cities in Canada. ...more

Travelocity Analyzes How Travelers Are Changing Plans This Summer During an Era of Higher Prices
Travelocity Compares 2008 Travel Predictions to Actual Consumer Travel Behavior ...more

Back to Departments

The Knot and Newmarket International Join Forces
New Enhancement to Vendor Profile on TheKnot.com Provides Users Immediate Response from Event Venues through Newmarket MeetingBroker(SM) Partnership ...more

Licensing Agreement Signed with Paramount Digital Entertainment
Playtech (AIM: PTEC), the international designer, developer and licensor of software to the online and land-based gaming industry, is pleased to announce having signed a four-year, exclusive licensing agreement with Paramount Entertainment for the classic blockbusters "Gladiator" and "The Untouchables." ...more

Back to Departments

PA Gaming Control Board Releases Proposed Ownership Structure for Pittsburgh Casino
Also announced it will receive input from government officials on matter ...more

Back to Departments

Professor Assails Inaccurate Claim by Congressman, Encourages Responsible Internet Gambling Regulation
Dr. Jeffrey L. Derevensky, a leading professor at McGill University, contends that Rep. Spencer Bachus (R-Ala.) incorrectly cited the university's research on gambling addiction in arguing for the continued prohibition on Internet gambling. Derevensky in fact believes that the regulation of online gambling is an opportunity to put in place safeguards to combat problem and underage gambling. ...more

Congress Moves to Dedicate $40 Billion in Internet Gambling Revenue for Job Training and Foster Care Programs
Legislation's introduction shows continued support for Internet gambling regulation ...more

Back to Departments

LAVO Restaurant and Nightclub to Premiere at the Palazzo Las Vegas
New Concept From the Team Behind Tao Las Vegas to Open in August 2008 ...more

Hard Rock Hotel & Casino Opens Wasted Space -- Vegas' First Anti-Club
Carey Hart, Jason Giambi, Benji and Joel Madden Serve up 'Hart Attacks' Every Night ...more

Back to Departments