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2008-09-29 News Highlights

Features

Lessons from the Field - A Bakers Dozen of Strategies for Hotel Food and Beverage Directors - By John Hogan
Food and Beverage Directors often have the largest number of departments to work with in full service hotels and the most diversity in areas. While all of their departments relate to F&B Service, the range of talents, tasks and personalities is immense, requiring effecting Directors to have a sense of 'just right or just in time' follow through , as well as a high level of personal dependability, strong communication and organizational skills. ...more

Food & Beverage - Pricing A Catering Menu - By Joe Dunbar
The best tool for caterers involved in menu package pricing decisions is a fantastic cost accounting system. If all costs are known well, the job of menu pricing is simply one of determining the correct markup percentage. On the other hand, no amount of competitor analysis can compensate for poor cost analysis. ...more

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Trends

Occupancy Continued To Decline Globally In August, RevPAR Results Mixed
The global hotel industry recorded regionally mixed RevPAR results for the month of August 2008, according to data from STR and STR Global. August occupancies fell in every world region. Data for the survey was gathered from more than 36,150 hotels comprising 4.93 million guestrooms worldwide. ...more

Canadians Show Strong Interest in Owning Recreational Real Estate says Harris Decima Study
Of the total population included in the survey, 14% currently own some type of recreational real estate asset. Within this group, 57% are sole recreational property owners and 43% have invested in shared ownership assets, including timeshare or fractional ownership properties. ...more

Caribbean Hotel Revenues Decline In 2008
Analysis of Caribbean hotel performance by STR reveals a 5.6-percent RevPAR decline for 2008 through July. Hotel demand grew 0.4 percent during the period, however new supply growth and rate decreases led to decreased revenue for the region. ...more

HVS Market Intelligence Report: Columbus, Ohio - By Stacey Nadolny
Hoteliers stand to reap the benefits of this capital city's revitalization, especially downtown. ...more

STR reports U.S. hotel performance for August 2008
The U.S. hotel industry posted a 0.8-percent decline in RevPAR for the month of August 2008, according to data from STR. The monthly decrease in RevPAR was precipitated by declining occupancy, while ADR continued to increase. ...more

Canadian Occupancy, ADR, RevPAR - Week Ending September 20, 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

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Technology

Hilton Garden Inn Makes Innovative Employee Training Program Available on PSP (PlayStationPortable) Handheld Entertainment System
HGI Ultimate Team Play for PSP Program Provides New Platform to Create the First Immersive Player Experience in Hotel Industry ...more

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Sales and Marketing

U.S. House of Representatives Passes 'Travel Promotion Act of 2008'
Legislation Will Create Jobs and Strengthen American Economy, Historic Achievement for Travel Community ...more

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Development

How Will the Plaza Play in Las Vegas?
Elad and its president, Miki Naftali, are planning Plaza hotels in London, Las Vegas and Shanghai, among other cities. ...more

Langham Place Lands in Guangzhou's Hi Tech Heart
Langham Hotels International (LHI) has strengthened its strategic presence in China by sealing a deal with Guangzhou Huihua Hotel Co. Ltd. to manage the new Langham Place, EDZ, Guangzhou. Strategically located in the Guangzhou Economic Development Zone (EDZ) in Luogang District, the new hotel is set to open in 2010. ...more

Hilton Hotels Corporation Announces European Debut of the Legendary Waldorf=Astoria Brand
Hilton Hotels Corporation (HHC) today welcomed the former Rome Cavalieri Hilton to the prestigious Waldorf=Astoria Collection. The landmark property, which will be known as the Rome Cavalieri, marks the debut of HHC's luxury brand in Europe. ...more

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Financial

Hotel Stock Value in the Current Economic Downturn
Interview with: Chris Woronka, Vice President Deutsche Bank Equity Research ...more

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Other

Star quality: what's in a hotel rating?
When searching for a hotel recently, the intrepid editor of IndependentTraveler.com noticed hotel star ratings sometimes varied by a 'star' or more when switching from one booking engine to another. ...more

J. W. Marriott, Jr. to Receive ISHC Pioneer Award
J.W. Marriott, Jr., chairman and CEO of Marriott International, Inc., will receive the 2009 International Society of Hospitality Consultants (ISHC) Pioneer Award at the Americas Lodging Investment Summit (ALIS), January 28, 2009. ...more

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 .  Trends 6

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