Hotel News Now

STR: US pipeline for February 2010

3/11/2010 9:28:00 AM

The total active U.S. hotel development pipeline includes 3,551 projects comprising 368,740 rooms, according to the February 2010 STR/TWR/Dodge Construction Pipeline Report released this week.

5 things to know: 11 March 2010

3/11/2010 9:14:00 AM

5 things to know: 11 March 2010
From the desks of the HotelNewsNow.com editorial staff:
• STR reports weekly results;
• regional pipeline results released;
• executives discuss growth, development opportunities;
• examiner’s probe into Extended Stay bankruptcy sealed; and
• HVS: number of major hotel sales down 83 percent since 2007.

HVS: US new hotel sales hit two-decade low

3/11/2010 9:06:00 AM

The recession and limited financing continued to hamper the U.S. hotel transactions market in 2009, which saw sales levels fall to their lowest point in two decades.

Examiner’s probe of Extended Stay bankruptcy sealed

3/11/2010 8:31:00 AM

The U.S. Bankruptcy Court has temporarily sealed the report—which is expected to detail the factors that led to Extended Stay’s collapse—citing confidentiality issues.

STR: Canada hotel results week ending 6 March

3/11/2010 8:17:00 AM

The Canadian hotel industry reported decreases in all three key performance measurements during the week of 28 February-6 March 2010, according to data from STR.

Hanley named managing dir. of Lexington brand

3/11/2010 8:15:00 AM

Vantage Hospitality Group announced Bill Hanley will serve as managing director of the only membership brand in the upper-mid and upscale hotel segments.

Hotel growth leaders find more buoyancy

3/11/2010 8:02:00 AM

Executives charged with expanding some of the largest brands work closely with developers, executing asset-right strategies in the wake of a tough year for hotels.

STR: RevPAR increases in US weekly results

3/11/2010 7:56:00 AM

The United States hotel industry posted its third revenue-per-available-room increase in 18 months. It was the first time the increase wasn’t holiday-related.

Blog: Brand innovator reflects on industry

3/10/2010 10:12:00 AM

It’s the final day of the IHIF and jet lag has been replaced by information overload in Berlin. Somehow, the founder of YO! and Yotel offers a fresh perspective on risk and business sense.

5 things to know: 10 March 2010

3/10/2010 10:05:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• London RevPAR to see double-digit RevPAR growth in 2010;
• Marriott to double number of rooms in Europe by 2015;
• Accor: Hotel revenue in Germany will take five years to recover;
• hotels boost investment in social media;
• Indian Hotels to phase out Residency brand.

Trans Inns completes hotels’ turnaround story

3/10/2010 10:00:00 AM

Farmington Hills, Michigan-based Trans Inns is putting the finishing touches on a PIP plan it instituted at several struggling U.S. properties.

Online spend rises in 2010 marketing budgets

3/10/2010 9:32:00 AM

Hoteliers are stepping up their use of social media and blogs this year, as well as using new online tracking tools.

CapEx and the FF&E process around the world

3/10/2010 9:20:00 AM

In this ISHC Global Insights series, executives at Benjamin West examine the differences between regional customs, cultures and business practices as they relate to hotel FF&E sourcing.

10 tips for dealing with distressed hotel debt

3/10/2010 8:30:00 AM

Before you pick up the phone to call your lender, read these pointers on distressed-loan guidance.

Double-digit growth for London hoteliers in 2010

3/10/2010 8:22:00 AM

Hoteliers in London could see double-digit revenue-per-available-room growth this year, according to the latest Hotel Market Outlook, a quarterly report issued by Deloitte.

Hard Rock Hotel president dies

3/10/2010 7:48:00 AM

Andrew Kwasniewski, president of Morgans Hotel Group Las Vegas and COO of the Hard Rock Hotel, was found dead in his Las Vegas home Tuesday. The cause of his death was unknown.

VTV Channel: Optimizing conversions with OTAs

3/9/2010 2:29:00 PM

VFM Leonardo has launched a new episode on VTV Channel: Page Position: How to Optimize Conversions Online Using OTAs with Jean Francois Mourier, founder and CEO of RevPAR Guru.

5 things to know: 9 March 2010

3/9/2010 9:25:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• European hotel execs' confidence weak;
• Extended Stay could exit bankruptcy in June;
• Carlson aims to expand portfolio by 50 percent;
• security breach at Westin Bonaventure Hotel ; and
• Fortune: Marriott is most-admired company in the industry.

IHIF: Hotel performance still bleak

3/9/2010 9:16:00 AM

STR Global leader says hotel industry metrics are bad, but the worst is behind us.

Carlson’s big ambition: aggressive growth

3/9/2010 9:03:00 AM

Minnesota-based company plans to reach at least 1,500 hotels by 2015 through its expansion program aimed at all regions of the world.

EU hotel association establishes fire guidelines

3/9/2010 8:25:00 AM

HOTREC devises Management Building and Systems Methodology to circumvent EU hotel fire-safety legislation.

Economist: Financial crisis result of idea failure

3/9/2010 8:14:00 AM

The root of the financial crisis resides with the economists, according to Roger “Dr. Death” Bootle, managing director of Capital Economics Limited, who spoke Monday at the International Hotel Investment Forum.

Extended Stay files Ch. 11 reorganization plan

3/9/2010 8:06:00 AM

Investment firms Centerbridge Partners and Paulson & Company would take over a 22.5-percent share in the company for US$450 million.

Euro hotel execs: Recovery a year-plus away

3/9/2010 7:04:00 AM

Only 2 percent of European hotel industry leaders predict sustained upturn this year, and room rates are not expected to reach pre-financial crisis levels until after 2012.

Starwood plans to add 50 hotels in EMEA region

3/8/2010 12:18:00 PM

From the International Hotel Investment Forum (IHIF) in Berlin, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announces plans to open 50 new hotels in its Europe, Africa and Middle East (EAME) division by 2012.

Preferred Hotel Group, Mantis Group form partnership

3/8/2010 11:52:00 AM

Thanks to a new strategic partnership with boutique hotel company Mantis Group, Preferred Hotel Group™ has become the largest international hotel brand in South Africa, bringing the total number of members on the continent to 30.

The Providence Group to manage historic property

3/8/2010 11:46:00 AM

Jed C. Heller, president of the The Providence Group, LLC, a Massachusetts-based full service hospitality management company, announced today that the company has been engaged to manage The Emerson Inn by the Sea, an historic “Baby Grand Hotel” located on Cape Ann in Rockport, Massachusetts.

City review: Berlin

3/8/2010 11:08:00 AM

According to the latest city review by Christie + Co, using data provided by STR Global, Berlin hotels recorded a 9.3% decrease in RevPAR during 2009 compared to 2008.

Total rev mgt. is critical in the new normal

3/8/2010 10:50:00 AM

Many companies are now realizing there is a strong need to adopt a more holistic approach to revenue management across the enterprise.

5 things to know: 8 March 2010

3/8/2010 10:39:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• European hotel prices still down;
• STR Global reporting on 25 new markets;
• mobile platforms worth building;
• W Atlanta loan to be auctioned; and
• Tennessee considers taxing “free” breakfast.

Property Promotions: 8 March 2010

3/8/2010 10:21:00 AM

The latest promotions this week: Guests get credit for airline luggage fees; blizzard deals boost hotel food and beverage revenue; and value chain offers free night.

Blog: A big week for the European hotel industry

3/8/2010 10:10:00 AM

All eyes are on Berlin this week as the International Hotel Investment Forum begins.

Mobile-friendly sites essential as usage grows

3/8/2010 9:59:00 AM

The use of mobile devices for travel-related purposes is growing at an exponential rate, but not all platforms are created equal. Traditional Web sites don’t translate to the wireless world.

Chilean hotels continue operations after quake

3/8/2010 9:49:00 AM

Just a week after an 8.8-magnitude earthquake slammed the Maule region of Chile, industry sources said most hotels in the country are operating with only minor interruptions to service.

Group business to make a comeback

3/8/2010 9:43:00 AM

Demand in the group business category will return to previous levels in two to three years. Also, PCMA conference panelists shed light on corporate travel trends.

STR Global reports on 25 new destinations

3/8/2010 9:16:00 AM

STR Global, the leading provider of market information to the global hotel industry, now reports on 25 new destinations following significant growth in the number of participating hotels.

Deloitte: European hotels recovering

3/8/2010 4:54:00 AM

Demand has experienced an upturn since October 2009, before pushing into positive territory in December 2009, up 4.2 percent.

5 things to know: 5 March 2010

3/5/2010 10:21:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• U.S. unemployment rate holds at 9.7 percent;
• Radisson introduces upscale, upper-upscale variations;
• GDS bookings up in January;
• 2010 pipeline gets attention; and
• Coke vs. Pepsi in hotels.

Leela appoints new president

3/5/2010 10:13:00 AM

The Leela Palaces, Hotels & Resorts has named Rajiv Kaul president. He will be responsible for spearheading the group’s expansion with new hotels opening in New Delhi in 2010 and in Chennai in 2011.

You said it: 5 March 2010

3/5/2010 10:02:00 AM

In this new Friday feature, we pick the most compelling (or downright gutsy) quotes and comments of the week from HotelNewsNow.com.

Former Hilton execs reunite at Apertor

3/5/2010 9:05:00 AM

Bob La Forgia heads a group of former top executives at Hilton Hotels Corporation who have formed an asset-management and advisory firm.

Stock update: Boyd, LaSalle and more

3/5/2010 8:58:00 AM

HotelNewsNow.com recaps the performances of hotel-related stocks as they are announced during each quarter. Following are the updates for Boyd Gaming Corporation, Home Inns & Hotel Management, LaSalle Hotel Properties, and Mandarin Oriental International.

STR: US results for week ending 27 February

3/5/2010 8:29:00 AM

The U.S. industry’s occupancy increased 2.5 percent to 55.3 percent, ADR fell 4.7 percent to US$96.06, and RevPAR dropped 2.3 percent to finish at US$53.15.

Carlson scores with Radisson move

3/5/2010 8:20:00 AM

Minneapolis-based company’s plan to invest in its Radisson brand is an indicator there is a light at the end of the tunnel for the global hotel industry.

Carlson turns to tiering system for Radisson

3/5/2010 8:09:00 AM

“Blu” and “Green” will differentiate brand’s hotels in the upscale and upper-upscale segments.

Kerzner named Hospitality Innovator of Year

3/5/2010 7:26:00 AM

Hotel and gaming entrepreneur Solomon Kerzner has been named winner of the 2010 Hospitality Innovator Award, given annually by the Leland C. and Mary M. Pillsbury Institute for Hospitality Entrepreneurship at Cornell University's School of Hotel Administration.

Obama signs Travel Promotion Act

3/4/2010 11:09:00 AM

President Barack Obama signed the Travel Promotion Act into law today, ending a multi-year legislative journey that now embarks upon the legislation’s implementation phase.

5 things to know: 4 March 2010

3/4/2010 9:24:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• STR releases U.S., Canada weekly results;
• European hotel investment activity drops in 2009;
• Carlson details new Radisson strategy;
• Lodging Econometrics releases EMEA construction pipeline; and
•U.S. initial unemployment insurance claims fall.

Luxe Worldwide signs first hotel in India

3/4/2010 8:57:00 AM

Philipp Kainbacher, Chief Development Officer for Luxe Worldwide Hotels and Luxe Hotels, announced that the Mark Boulevard Hotel Bangalore has signed with Luxe Worldwide Hotels for sales and marketing representation.

STR: San Francisco leads weekly results

3/4/2010 8:01:00 AM

San Francisco/San Mateo, California, led the increases among the top 25 markets for the week ending 27 February 2010, according to data from Smith Travel Research.

STR: Canada hotel results week ending 27 Feb.

3/4/2010 7:48:00 AM

The Canadian hotel industry reported increases in all three key performance measurements during the week of 21-27 February 2010, according to data from STR.

Provident eyes renovation, expansion

3/4/2010 7:38:00 AM

The condo-hotel management company is putting the finishing touches on a US$3-million renovation of its 250-room Sailport property in Tampa, Florida. The company also is eyeing a move into the typical hotel space.

Carlson details new Radisson strategy

3/4/2010 7:05:00 AM

The change in direction is being supported by a series of innovations including new room and restaurant concepts as well as a series of new service offerings focused on the guest experience.

HVS: European hotel investment down in 2009

3/4/2010 7:02:00 AM

The 2009 total is a drop of more than 85 percent from the volume seen during 2007.

Barceló aims for 200-property mark in 2010

3/4/2010 6:50:00 AM

The company’s growth plan includes targeting the leisure market in Latin America and the U.S.

New Orleans: Getting its head above water

3/4/2010 6:28:00 AM

After being dealt a double whammy by Hurricane Katrina and the downturn, the New Orleans market is showing signs of life once again.

NH Hoteles sells three hotels in Mexico

3/3/2010 11:40:00 AM

The properties, which operate under agreements with Hilton's brands, were sold for US$57 million.

HIL takes a step back in January

3/3/2010 10:27:00 AM

The U.S. Hotel Industry Leading Indicator, or HIL for short, edged down 0.2 percent in January, the first monthly decrease after nine consecutive months of increases.

5 things to know: 3 March 2010

3/3/2010 10:25:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Hotel Industry Leading Indicator edges down;
• Middle Eastern hotels have best 2009 overall;
• U.S. Travel Promotion Act is a boost, not a panacea;
• Summit looks to place US$380 million; and
• U.S. private employment down in February.

Communicate revenue management strategy to stakeholders

3/3/2010 10:14:00 AM

While the stakeholders in the revenue-management game are varied, the need to communicate pricing strategies effectively is constant, according to a HSMAI University webinar.

Hoteliers cheer Travel Promotion Act passage

3/3/2010 9:48:00 AM

The act will fund a marketing campaign intended to boost the U.S.’ lagging performance in attracting international visitors.

Middle East tops 2009 hotel results

3/3/2010 9:36:00 AM

Deloitte has confirmed that hotels in the Middle East achieved the highest occupancy, average room rates and RevPAR globally in 2009.

Hotel Acquisition Funds List

3/3/2010 9:21:00 AM

Updated funds include: Chatham Lodging Trust, Chesapeake Lodging Trust, NextBridge Group, Pebblebrook Hotel Trust and RockBridge Capital.

Summit Capital analyzes finance feasibility

3/3/2010 9:18:00 AM

Summit Capital announced today it will begin analyzing the feasibility of financing transactions in order to place an approximate US$380-million pool of non-recourse capital.

Hotels testing social communities

3/3/2010 9:04:00 AM

With the myriad travel blogs and social media networks available to travelers, hoteliers are choosing to have a presence on sites that relate to their specific guests.

IHG’s 'head of Olympics' talks sponsorship

3/3/2010 8:46:00 AM

The Summer Games in London offer unique opportunity for locally based hotel company.

5 things to know: 2 March 2010

3/2/2010 10:14:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Hotels.com booking prices fall 14 percent in 2009;
• construction leading indicator falls sharply;
• LaSalle prices offering at US$95 million, buys Sofitel Washington, DC;
• Starwood has big plans for China; and
• Wyndham gets hacked.

Cautious optimism for India hotel recovery

3/2/2010 10:10:00 AM

The health of India’s hotel industry is returning as data from STR Global, the leading provider of market information to the global hotel industry, shows a concerted upward trend and recent positive year-on-year growth in revenue per available room (RevPAR).

China plays big role in Starwood expansion

3/2/2010 9:53:00 AM

China will take center stage in Starwood Hotels & Resorts Worldwide’s expansion plans as the company looks to double the number of hotels it has in the country by 2012.

LaSalle prices public offering

3/2/2010 9:27:00 AM

LaSalle Hotel Properties has priced a public offering of 5.35 million common shares at a price of US$18.50 per share.

LaSalle acquires the Sofitel Washington, DC

3/2/2010 9:18:00 AM

LaSalle Hotel Properties acquired the Sofitel Washington, D.C., Lafayette Square for US$95 million.

VTV Channel: The role of OTAs

3/2/2010 9:11:00 AM

VFM Leonardo has launched a new episode on VTV Channel: The Role of OTAs in the Travel Planning Process with Chris Anderson, Assistant Professor at the Cornell School of Hotel Administration.

Raise RevPAR with the right lever

3/2/2010 9:06:00 AM

Sell your hotel on value—not rate—for more walk-ins, phone inquiries and a higher closing rate.

Pack mentality permeates hotel industry

3/2/2010 8:11:00 AM

We must break free from the “heads-in-beds-at-any-price” mentality that has taken over our industry and demonstrate the courage and leadership needed to re-establish prudent pricing policies.

5 things to know: 1 March 2010

3/1/2010 10:13:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Hotel colleges revamp to help grads find jobs;
• Cincinnati showing signs of recovery;
• consultants clash over most expensive Class A office market;
• Sunstone Hotel Investors promotes executives; and
• Sun International closes casino-hotel following quake.

HVS reports 25-percent drop in European hotel values

3/1/2010 9:43:00 AM

HVS’s London office released the latest edition of its annual review of European hotel value trends, the Hotel Valuation Index.

Cincinnati market update

3/1/2010 9:28:00 AM

Located on the banks of the Ohio River, the performance of Cincinnati’s hotels is starting to show some positive signs—which sets it up well as the economic recovery begins.

The ideal candidate: What employers look for

3/1/2010 8:49:00 AM

With fewer positions available to a growing pool of qualified college graduates, it’s become a buyer’s market out there. But what are the major chains looking for in their ideal candidate?

For college grads, flexibility key in tough job market

3/1/2010 8:37:00 AM

As the industry slogs toward recovery, hotel colleges are trying to give their graduates a leg up in a fiercely competitive job market.

5 things to know: 26 February 2010

2/26/2010 9:25:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• La Quinta positioned for economic rebound;
• Hyatt Q4 loss narrows;
• Brazil hotels getting makeover for Olympics, World Cup;
• suicide bombers target Kabul hotels; and
• South Africa to investigate hotel rates.

U.S. Senate passes Travel Promotion Act

2/26/2010 9:19:00 AM

The bill, passed in the Senate by a 78-18 vote, is expected to create 40,000 new jobs.

Brazil upgrades hotel supply as Olympics, World Cup approach

2/26/2010 8:52:00 AM

Brazil’s Ministry of Tourism and the Brazilian Development Bank are looking to refresh the country’s lackluster hotel inventory with a 1-billion Brazilian reais (US$544.5-million) line of credit.

Stock update: Accor, Felcor, Hyatt, Lodgian, Morgans and more

2/26/2010 8:42:00 AM

HotelNewsNow.com recaps the performances of hotel-related stocks as they are announced during each quarter. Following are the updates for Accor, Felcor, Harrah’s, Hyatt, Lodgian, Morgans, Orient-Express and more.

Inside story: La Quinta brand council meeting

2/26/2010 8:32:00 AM

Texas-based brand allows media to sit in on a meeting, and here’s the blow-by-blow report of what happened.

La Quinta looks to weather storm

2/26/2010 8:25:00 AM

President and CEO Wayne Goldberg says the midscale-without-F&B brand is poised to have a good year after setting itself up well for the past few years.

According to Mickey Mouse, the recession is over

2/26/2010 8:09:00 AM

Disney World’s expansion plans coupled with guests’ spending habits proves there’s an optimistic outlook from at least some executives in Central Florida.

STR reports US performance for week ending 20 February 2010

2/26/2010 8:01:00 AM

In year-over-year measurements, the industry’s occupancy ended the week with a 2.4-percent increase to 55.4 percent, ADR decreased 4.4 percent to US$95.81, and RevPAR fell 2.2 percent to US$53.04.

Hyatt Q4 loss narrows

2/25/2010 1:11:00 PM

Hyatt said its fourth quarter net loss narrowed to US$12 million from US$142 million.

Felcor: RevPAR, ADR fall in Q4

2/25/2010 11:33:00 AM

Felcor said its fourth-quarter RevPAR and ADR fell by 10.9 percent and 10.4 percent, respectively.

VFM Leonardo powers visuals of hotel wedding venues

2/25/2010 10:09:00 AM

VFM Leonardo enhances wedding venue research and selection process for engaged couples on OneWed with hotel visual content.

5 things to know: 25 February 2010

2/25/2010 9:59:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• STR reports U.S., Canada weekly results;
• NYC RevPAR to turn positive in February;
• midscale-with-F&B still has plenty to offer;
• Las Vegas Sands unsure about Genting Singapore; and
• Abrahamson: RevPAR increases for renovated Holiday Inns.

Stabilized banks will signal hotel recovery

2/25/2010 9:27:00 AM

With local and regional banks being closed at an alarming rate, hotel owners and developers find themselves between a rock and a hard place.

Commenter touches on common concern

2/25/2010 9:24:00 AM

In response to a previous blog about discounting, a commenter stated that holding rates is more easily said than done.

People or technology? An owner’s dilemma

2/25/2010 9:16:00 AM

Choosing between investing in people or technology isn’t a clear-cut choice—so where should limited resources go?

Pricing frenzy hurts segment in the long run

2/25/2010 9:02:00 AM

It will take quite some time for hotels in the midscale-with-food-and beverage segment to dig out of the hole created by the rampant discounting of rates during the recession.

Midscale with F&B: Down but not out

2/25/2010 8:51:00 AM

The midscale-with-food-and-beverage segment no longer dominates the hotel industry the way it did in the past, but it still has a lot to offer travelers—and hoteliers.

STR: Seattle tops US hotel weekly results

2/25/2010 8:03:00 AM

Seattle, Washington, led the occupancy and revenue per available room increases for the week ending 20 February 2010, according to data from Smith Travel Research.

Washington, D.C., market remains resilient

2/25/2010 7:53:00 AM

The Washington, D.C., area has outperformed other major U.S. markets during the economic downturn.

STR reports Canada performance for week ending 20 February

2/25/2010 7:44:00 AM

In year-over-year measurements, the industry’s occupancy increased 1.8 percent to 57.4 percent, ADR increased 13.7 percent to CAD$139.06, and RevPAR rose 15.7 percent to CAD$79.81.

Italy's Hotel Cipriani wins trademark case

2/24/2010 1:56:00 PM

Luxury Orient-Express Hotels property in Venice successfully defends appeal by London restaurant.

Brilla Group wants more surf and sand

2/24/2010 10:17:00 AM

Miami-based private equity firm plans to enhance its acquisition of The Raleigh hotel in Miami Beach, Florida, by buying other high-end luxury beachfront properties throughout the Caribbean region.

5 things to know: 24 February 2010

2/24/2010 10:10:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Next step unclear in Starwood-Hilton case;
• Accor provides additional demerger details and releases 2009 earnings;
• Holmes: Wyndham hotel EBITDA will increase;
• UNWTO optimistic about global tourism; and
• Horwath HTL: The worst is over.

Adding weight to your competitive set

2/24/2010 9:45:00 AM

All competitors are not created equal. Using the Market-Weighted Penetration Index, hoteliers can apply greater weight to the more relevant properties in their competitive set.

India's KBJ Group forms hotel division

2/24/2010 9:44:00 AM

Mumbai-based company will expand its offerings through hotel development and management contracts. Its first five properties are expected to open in 2011.

Accor reports 2009 earnings

2/24/2010 9:32:00 AM

Accor reported a net loss of €282 million in 2009 on revenues of €7.1 billion.

Next move unclear in Starwood-Hilton case

2/24/2010 9:28:00 AM

It’s anyone’s guess as to whether the U.S. District Court will bow to the federal prosecutors who are asking for a six-month stay of discovery in the corporate espionage suit involving Hilton Worldwide and Starwood Hotels & Resorts Worldwide.

UNWTO: Global tourism outlook on the rise

2/24/2010 9:14:00 AM

Despite regional bouts of economic stagnation, the current industry downturn provides many opportunities to reap the benefits of long-term growth on a global scale, according to the World Tourism Organization.

Horwath HTL: Operators feel the worst is over

2/24/2010 8:06:00 AM

Results from the latest edition of the Global Hotel Market Sentiment Survey show that hotel operators believe the worst of the crisis is behind them and that 2010 will be the beginning of a long road to recovery.

Accor provides more details of demerger

2/24/2010 6:47:00 AM

Among the new details provided, Accor said its demerger will result in the creation of a new company, Accor Services, that will be listed on the NYSE-Euronext Paris stock exchange in July along with the hotels business.

First phase of Marina Bay Sands to open

2/24/2010 6:26:00 AM

Las Vegas Sands says the first phase of the 963-room, US$5.5 billion development will open 27 April.

Donohoe Hotel Brokerage structures sale of Historic DC Hotel

2/23/2010 3:54:00 PM

Donohoe Real Estate Services announces the sale of the District Hotel located in Washington, D.C. representing Braxton Hotel & Condominium, LLC, the Seller.

USTA: Overseas travel drop costs US $500 billion

2/23/2010 10:35:00 AM

A new report by the U.S. Travel Association in conjunction with Oxford Economics reveals that the decline in overseas travel to the United States since 2000 has cost America 440,000 jobs and more than $500 billion in total travel-related spending.

5 things to know: 23 February 2010

2/23/2010 10:00:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• STR Global reports global monthly results for January 2010;
• Loveman: Possible Harrah’s IPO in next 3-5 years;
• Harrah’s eyes Caesar’s brand in Macau;
• how to engage millennials; and
• no commercial real-estate recovery until at least 2011.

Your hotel might be leaving millions on the table

2/23/2010 9:41:00 AM

Nightly competitive analysis reveals that hotels frequently discount rates unnecessarily and miss opportunities to raise prices, costing the property millions each year.

Deep debt discounts available in 2010

2/23/2010 9:13:00 AM

Now is the time to find deeply discounted debt, such as KSL Capital Partners’ reported acquisition of US$380 million of La Costa Resort & Spa’s debt for US$120 million.

STR Global posts Jan. 2010 results for Middle East/Africa

2/23/2010 9:07:00 AM

The Middle East/Africa region reported decreases in all three key measurements for January 2010 when reported in U.S. dollars, according to data compiled by STR Global.

STR Global posts Europe Jan. 2010 results

2/23/2010 8:56:00 AM

The European hotel industry posted mixed results in year-over-year results when reported in U.S. dollars, euros and British pounds for January 2010, according to data compiled by STR Global.

Budgetel opens 11 hotels in first 12 months

2/23/2010 8:54:00 AM

Atlanta-based brand's initial growth includes one property in China.

Lenders discuss recovery, liquidity

2/23/2010 8:54:00 AM

In Part 2 of highlights from the ILFC roundtable, hotel-industry financiers discuss signs of a market thaw and the implications of extend-and-pretend. Read the story. Read the transcript. Watch video highlights. Read Part 1.

10 surefire ways to rein in millennials

2/23/2010 8:41:00 AM

Generation Y is creating headaches for hotel management, which is struggling to engage these talented leaders of tomorrow by satisfying their need for self improvement and career advancement. Here are 10 techniques to help deal with this demographic.

STR Global posts Asia/Pac. Jan. 2010 results

2/23/2010 8:29:00 AM

Hotels in the Asia/Pacific region experienced increases in all three key performance metrics for January 2010 when reported in U.S. dollars, according to data compiled by STR Global.

STR Global posts Americas Jan. 2010 results

2/23/2010 8:01:00 AM

The Americas region recorded declines in all three key performance metrics when reported in U.S. dollars for January 2010, according to data compiled by STR and STR Global.

STR reports US performance for January 2010

2/23/2010 7:47:00 AM

In year-over-year measurements, the industry’s occupancy ended the month virtually flat with a 0.4-percent decrease to 45.1 percent., ADR dropped 7.1 percent to US$93.93, and RevPAR decreased 7.4 percent to US$42.35.

Wyndham acquires Hoseasons Holdings

2/23/2010 7:16:00 AM

Wyndham Worldwide has acquired Hoseasons Holdings, a European provider of more than 15,000 cottages, villas, caravans and boats, for US$60 million.

VTV Channel: What travel shoppers want

2/22/2010 3:26:00 PM

When researching hotels online, travel shoppers want to see two types of videos: professionally shot and guest-produced.

The ‘new normal’ in 2010: Five trends to watch

2/22/2010 1:25:00 PM

By now the battle cry of the “new normal” is ubiquitous, but what exactly does this mean for specific sectors of the U.S. hotel industry?

International Lodging Finance Council: Roundtable transcript

2/22/2010 10:10:00 AM

In this transcript, members of the International Lodging Finance Council discuss the state of lending during an exclusive roundtable

5 things to know: 22 February 2010

2/22/2010 10:03:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Feds intervene in Starwood-Hilton lawsuit;
• WSJ: Blackstone restructures Hilton debt;
• STR reports U.S. monthly numbers;
• Accor announces sale of five hotels; and
• hotels put Twitter to use.

Lenders: Cash flow essential to debt availability

2/22/2010 9:21:00 AM

In Part 1 of an ILFC roundtable, financiers discuss equity requirements and the importance of cash flow to hotel financing. Read the story. Read the transcript. Watch video highlights.

Concord plans 20-percent growth in 2010

2/22/2010 8:54:00 AM

The Raleigh-Durham, North Carolina-based company added eight hotels in January, including its first Hyatt- and InterContinental Hotels-branded properties.

IHG opened record 439 hotels globally in 2009

2/22/2010 8:49:00 AM

The company's Americas operation opened 375 hotels and signed an additional 29,000 rooms into the largest pipeline in the industry.

A hotelier’s serenity prayer

2/22/2010 8:38:00 AM

The effectiveness of discounting room rates has been a point of great debate in the hotel industry.

Free and useful software is only a click away

2/22/2010 8:32:00 AM

Whoever said “all good things in life are free” was on to something. Here’s a list of some of the most compelling “freeware” on the Internet.

Property promotions: blizzard and snow edition

2/22/2010 8:26:00 AM

Several East Coast U.S. hoteliers decided to make things a little more fun for guests—and book empty rooms—during the latest round of blizzards.

STR: Boston tops January increases in monthly numbers

2/22/2010 8:04:00 AM

Boston, Massachusetts, reported the largest occupancy and revenue-per-available-room increases for January 2010, according to data from Smith Travel Research.

Accor announces the sale of 5 hotels for €154 million

2/22/2010 7:25:00 AM

Accor has sold five hotels (representing more than 1,100 rooms) in four European countries for €154 million (US$209.4 million).

Sol Meliá and Miles & More partner on loyalty programs

2/22/2010 7:14:00 AM

The Spanish hotel company Sol Meliá has entered a partnership with the frequent flyer programme Miles & More to allow customers of both companies to enjoy the benefits of both loyalty programs.

Feds ask to halt Starwood-Hilton espionage lawsuit

2/19/2010 3:56:00 PM

Federal officials say the civil matter could interfere with a criminal investigation of the case, according to a 14-page filing made by the office of Preet Bhara, U.S. Attorney for the Southern District of New York.

5 things to know: 19 February 2010

2/19/2010 9:57:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• MGM Mirage posts 4Q loss;
• hotel execs join travel and tourism board;
• Best Western grants loyalty program elite status reciprocity;
• meeting buyers show optimism; and
• January CPI up slightly on energy costs.

BWI announces instant elite matching program

2/19/2010 9:49:00 AM

“Status Match, No Catch” matches elite status of other hotel loyalty programs for free.

Best Practice: OnBoard plan aims to deliver hassle-free hotels

2/19/2010 9:44:00 AM

IHG needed a way to make the process of constructing a hotel predictable, manageable and simpler. Their solution? OnBoard.

Stock update: Host, IHG, MGM, Red Lion

2/19/2010 8:53:00 AM

HotelNewsNow.com recaps the performances of hotel-related stocks as they are announced during each quarter. Following are the updates for Host Hotels & Resorts, InterContinental Hotels Group, MGM Mirage and Red Lion Hotels.

Hotel executives talk shop over dinner in Memphis

2/19/2010 8:32:00 AM

At the 8th annual Presidents’ Dinner, senior hotel executives discussed such topics as rate, sustainability, appraisals and timing of an industry turnaround.

STR reports US performance for week ending 13 February

2/19/2010 8:10:00 AM

In year-over-year measurements, the industry’s occupancy ended the week with a 2.3-percent decrease to 53.7 percent, ADR dropped 4.7 percent to week at US$97.12, and RevPAR fell 6.9 percent to US$52.19.

A recovery with legs, demonstrated with data and attitude

2/19/2010 8:00:00 AM

The light at the end of the tunnel is not a mirage. Things really are getting better, and this recovery is gaining momentum.

A long road back

2/19/2010 7:34:00 AM

It’s going to be quite awhile before we see RevPAR back at 2008 levels. It’s clear the industry has its work cut out for it.

MGM Mirage posts US$434-million 4Q loss

2/19/2010 7:25:00 AM

The company reported a fourth-quarter diluted loss per share of US$0.98, which includes the impact of a pre-tax non-cash impairment charge totaling US$548 million, or US$0.73 loss per diluted share net of tax, related to the Company's undeveloped land holdings in Atlantic City.

5 things to know: 18 February 2010

2/18/2010 10:19:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• STR reports U.S., Canada weekly results;
• Tsogo Sun, Gold Reef merge;
• U.S. initial unemployment claims rise;
• no “fire sale” at Dubai World; and
• Morgan Stanley might sell Japanese hotel chain.

Communicating revenue-management strategies is key

2/18/2010 9:36:00 AM

By understanding the role and mission of revenue management, all parties with vested interests can better tackle the challenges they face during an uncertain economic environment.

STR: DC leads ADR, RevPAR decreases in weekly numbers

2/18/2010 8:28:00 AM

Washington, D.C., which was pummelled by a winter storm early in the week, reported the largest decreases in average daily rate and revenue per available room, for the week ending 13 February 2010, according to data from Smith Travel Research.

STR reports Canada performance for week ending 13 February

2/18/2010 8:14:00 AM

The Canadian hotel industry posted mixed results in the three key performance measurements during the week of 7-13 February 2010, according to data from STR.

Churchey joins Education Realty Trust as president and CEO

2/18/2010 8:05:00 AM

Randy Churchey, who has held several high-level positions at several hotel-sector companies, began his job at the publicly traded student housing company on 1 January.

Tsogo Sun, Gold Reef to merge

2/18/2010 7:44:00 AM

Tsogo Sun has agreed to merge with Gold Reef Resorts as part of an all-shares deal.

U.S. extended-stay pipeline snapshot

2/18/2010 6:50:00 AM

Almost 55 percent of all extended stay active pipeline projects are in the planning phase of development, while only 20 percent are under construction.

6 tips for a successful landing page

2/17/2010 3:13:00 PM

Having the right information and being easy to use are obvious traits of good sites, but what are the top tips to a landing page that can help drive revenue?

High hopes for Hanoi

2/17/2010 2:53:00 PM

A political climate that welcomes foreign investment should boost hotel development in Vietnam’s capital.

5 things to know: 17 February 2010

2/17/2010 9:17:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Asia/Pacific, Europe, and Middle East/Africa pipeline reports released;
• IHG, Marriott International look to Caribbean for growth;
• RevPAR falls 15.4 percent for extended-stay hotels during 2H 2009;
• JLLH: Loan production will increase during 2010; and
• KSL Capital Partners acquires US$380 million debt of La Costa Resort & Spa at discount.

Europe's big thaw?

2/17/2010 8:54:00 AM

STR Global predicts that the current year for the European hotel trade is likely to be one of recovery rather than growth, predicts STR Global.

STR Global reports Jan. 2010 Europe hotel pipeline

2/17/2010 8:20:00 AM

The Europe hotel development pipeline includes 602 hotels comprising 101,704 rooms, according to the January 2010 STR Global Construction Pipeline Report released this week.

STR Global reports Jan. 2010 Middle East/Africa hotel pipeline

2/17/2010 8:16:00 AM

The Middle East/Africa hotel development pipeline includes 456 hotels comprising 123,764 rooms, according to the January 2010 STR Global Construction Pipeline Report released this week.

STR Global reports Jan. 2010 Asia/Pacific hotel pipeline

2/17/2010 7:59:00 AM

The Asia/Pacific hotel development pipeline includes 948 hotels comprising 239,918 rooms, according to the January 2010 STR Global Construction Pipeline Report released this week.

Five things franchisees must know for 2010

2/16/2010 3:15:00 PM

The next year will be a pivotal one for franchisees. Here are five things that every franchisee should keep in mind.

IHG, Marriott plan growth in the Caribbean

2/16/2010 3:04:00 PM

Company executives say attention is focused on expansion through conversions until lenders open the purse strings. The panel discussion at CHRIS also addresses airlift, luxury resorts, all-inclusive properties and group business. Read: JLLH: Loan production to increase during 2010. Read: KSL Capital Partners acquires US$380 million debt of La Costa Resort & Spa at discount.

Here’s someone all hoteliers should meet

2/16/2010 1:57:00 PM

Jim Loyd’s approach to his job at Denver’s Hotel Teatro is simple: Stay calm and put yourself in the guests’ shoes.

With new technology comes new revenue opportunities

2/16/2010 1:46:00 PM

For the creative IT professional, high-tech advances also can serve as new channels of revenue for properties constrained by ever-tightening purse strings.

5 things to know: 16 February 2010

2/16/2010 10:04:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Mexico and Brazil lead regional hotel pipelines;
• HIP stalls in January;
• IHG reports double-digit RevPAR losses during 2009;
• Richfield is ready to invest; and
• Sheraton plans to add almost 50 hotels by 2012.

Sheraton to add nearly 50 hotels by 2012

2/16/2010 9:11:00 AM

The brand is planning US$4 billion development and intends to add 20,000 guestrooms worldwide during the next three years.

STR Global reports Jan. 2010 Central/South America pipeline

2/16/2010 9:05:00 AM

The Central/South America hotel development pipeline includes 125 projects with 19,877 rooms, according to the January 2010 STR Global Construction Pipeline Report.

How to choose the right RMS

2/16/2010 8:26:00 AM

It’s up there with location, location, location—a property’s pricing strategy, including the right RMS, is paramount to driving revenue.

STR reports Jan. 2010 Caribbean, Mexico pipeline

2/16/2010 8:19:00 AM

The Caribbean/Mexico hotel development pipeline includes 130 hotels comprising 18,088 rooms, according to the January 2010 STR/TWR/Dodge Construction Pipeline Report.

Eight things to avoid during job transition

2/16/2010 7:52:00 AM

Many professionals, because of long-term employment in a particular company or position, do the wrong things shortly after their organization decides to restructure.

EHTEC: Bridging the tech communication gap

2/16/2010 7:41:00 AM

Hoteliers often have trouble expressing their needs, and programmers often lack the context to produce functional end results. So where does that leave guests?

Hotel Industry Pulse growth rate stagnates

2/16/2010 7:26:00 AM

HIP edged down 0.1 percent in January after improving 2.8 percent in December.

Greg Mount, Richfield Hospitality: Interview transcript

2/16/2010 6:55:00 AM

In this transcript, Greg Mount, president of Richfield Hospitality, discusses his company's growth plans, the top attributes of a management company, and his take on the industry.

Richfield maps out high-end growth plans

2/16/2010 6:33:00 AM

Denver-based company plans to expand by focusing on upper-end properties and providing needed equity for acquisitions and joint ventures. Read the story. Read the interview transcript. Watch video highlights.

Preliminary IHG 2009 results show 14.7% RevPAR decline

2/16/2010 6:32:00 AM

A total of 26,828 net rooms (252 hotels) were added in 2009, taking system size to 646,679 rooms (4,438 hotels), up 4 percent year on year.

JLLH: Loan production to increase during 2010

2/15/2010 3:11:00 PM

A growing number of lenders say loan production will increase this year, according to Jones Lang LaSalle's annual 2010 Lenders' Production Expectations Survey.

5 things to know: 15 February 2010

2/15/2010 9:31:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Luxury hotel spas experience drop in rates;
• U.S. housing industry faces another hurdle;
• Case study—hotel closure is tough on property;
• OTA begins offering hotel pricing strategy advice; and
• Nevada’s casinos experience worst revenue drop ever.

Memphis: 'You've just got to do what you've got to do'

2/15/2010 9:00:00 AM

The states of hotel operating performance and the overall economy were topics of discussion at MMHLA’s Lodging Industry Update. The consensus: there’s work to be done.

STR reports performance of luxury hotel spas for year-end 2009

2/15/2010 8:31:00 AM

Luxury hotel spas showed mixed operating results for the full year 2009. The summary Spa STAR data shows that the Average Treatment Rate (ATR) was reported at US$135.39, a 4.5-percent decline compared with full-year 2008. For full-year 2009, Average Treatment Room Utilization (ATRU) increased 3.5 percent to 31.1 percent.

5 things to know: 12 February 2010

2/12/2010 9:59:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Hotel presidents discuss factors affecting the industry;
• Choice reports 4Q 2009 RevPAR decrease of 14.4 percent;
• brand matters in the next decade, survey says;
• Fitch: Hotel loans still lead defaults; and
• British hospitality wins music tariff appeal.

Notes from a closed-door, hotel executive dinner

2/12/2010 8:55:00 AM

Inside Paulette’s Restaurant in Memphis, about a dozen top-level southern hotel industry executives talked shop.

Stock update: Choice, MGM Mirage, Marriott, Wyndham

2/12/2010 8:45:00 AM

HotelNewsNow.com recaps the performances of hotel-related stocks as they are announced during each quarter. Following is an update for Choice Hotels International, MGM Mirage, Marriott International and Wyndham Worldwide Corporation.

Choice reports full-year, fourth-quarter earnings

2/12/2010 8:41:00 AM

Choice Hotels International (NYSE: CHH) reported its full-year adjusted diluted earnings per share of US$1.71 compared to US$1.77 for full-year 2008.

Fitch: Average loan size in special servicing increases

2/12/2010 8:29:00 AM

Fitch Ratings reports the average loan size for loans moving into special servicing has increased 2.4 times from a year ago to US$17.2 million.

The state of lending: precarious

2/12/2010 8:01:00 AM

Serious shortages of bank funding and no CMBS lending will continue to stress the hotel industry for a considerable period of time.

Looking for a recovery in the Caribbean

2/12/2010 7:53:00 AM

Experts project a tough 2010 for the region with a chance for a rebound to begin in 2011.

STR posts US performance results for week ending 6 February 2010

2/11/2010 4:10:00 PM

In year-over-year measurements, the industry’s occupancy ended virtually flat with a 0.8-percent decrease to 48.4 percent. ADR dropped 4.8 percent to US$95.34, and RevPAR fell 5.6 percent to US$46.14.

5 things to know: 11 February 2010

2/11/2010 10:19:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Preliminary U.S. January figures show occupancy improvements;
• U.S. hotel pipeline down 35.9 percent in January;
• Miami has best week in STR weekly data;
• Marriott reports 4Q EPS increase, RevPAR decrease; and
• Emaar reports 2009 profit.

Thank you for helping create our brand

2/11/2010 9:30:00 AM

STR CEO and co-founder Randy Smith thanks the entire industry for awarding him a Lifetime Achievement Award at ALIS

Loyalty programs worth their weight in points, say franchisees

2/11/2010 9:08:00 AM

Hilton Worldwide’s recent devaluation of the points in its HHonors loyalty program has underscored just how important these programs are for hotel operators, despite the costs the loyalty programs can bring.

Marriott 4Q earnings reflect increased EPS, weak RevPAR

2/11/2010 8:56:00 AM

Fourth-quarter 2009 adjusted income from continuing operations totaled US$118 million, a 2-percent decline over the year-ago quarter, and adjusted diluted earnings per share to Marriott shareholders totaled $0.32, down 3 percent.

STR reports US pipeline for January 2010

2/11/2010 8:41:00 AM

The total active U.S. hotel development pipeline includes 3,647 projects comprising 378,145 rooms, according to the January 2010 STR/TWR/Dodge Construction Pipeline Report released this week.

2010 likely to be another tough year for REITs

2/11/2010 8:30:00 AM

2009 was a down year for REITs, and some experts believe that 2010 will bring with it only modest increases in value and volume.

Marty Collins, Gatehouse Capital: interview transcript

2/11/2010 8:12:00 AM

In this interview transcript, Marty Collins of Gatehouse Capital discusses the company’s shifted focus toward investment given the distressed opportunities in the market.

STR: Super Bowl XLIV boosts Miami weekly performance

2/11/2010 7:54:00 AM

Miami-Hialeah, Florida, host of Super bowl XLIV on 7 February 2010, was the only top 25 market to experience increases in all three key performance metrics for the week ending 6 February 2010, according to Smith Travel Research.

Gatehouse Capital shifting into transaction mode

2/11/2010 7:44:00 AM

Marty Collins, president and CEO of Gatehouse Capital, said his company plans to make about US$20 million in investments this year as the company moves away from development. Read the story. Read the interview transcript. Watch video highlights.

STR reports Canada results for week ending 6 February 2010

2/10/2010 4:20:00 PM

The Canadian hotel industry posted mixed results in the three key performance measurements during the week of 31 January-6 February 2010, according to data from STR.

2012 Summer Olympics will require careful rate management

2/10/2010 10:15:00 AM

London hoteliers would do well to keep close contact with existing customers and to focus on additional revenue generators during the Olympic Games. Based on previous games, demand might not be sky high.

Online distribution success starts with the right strategy

2/10/2010 9:47:00 AM

For revenue managers, avoiding pitfalls with opaque sites and OTAs all begins with setting an online distribution strategy.

Wyndham reports US$73-million profit

2/10/2010 9:31:00 AM

Wyndham Worldwide Corporation said it earned US$73 million during the fourth quarter and is tripling its dividend.

5 things to know: 10 February 2010

2/10/2010 9:26:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• HBI members ponder lending;
• European rates rebounding;
• how to succeed in online distribution;
• Wyndham reports Q4 US$73 million profit; and
• closing of Ritz-Carlton at Lake Las Vegas could cause ripple effect.

Brokers’ meeting focuses on basics

2/10/2010 9:00:00 AM

With lending still scarce, Hotel Brokers International members ponder what it takes to get deals done.

Paul Kirwin, AmericInn: interview transcript

2/10/2010 8:53:00 AM

New leader of Midwest-based brand discusses growth plans, what the company is looking for from development partners and key indicators that will indicate an economic recovery has arrived.

Kirwin projects rapid growth for AmericInn

2/10/2010 8:44:00 AM

The brand’s new president and CEO sets his sights on cracking new markets in the U.S. and beyond. Read the story. Read the interview transcript. Watch video highlights.

W comes to London

2/10/2010 8:31:00 AM

The 10-story lifestyle hotel will be the first W-branded hotel in the U.K. when it opens late summer in Leicester Square.

China's hotel industry lags as economy soars

2/10/2010 7:59:00 AM

Dramatic declines in China’s hotel performance during 2009—underscored by RevPAR falling 26.2 percent compared with a year ago—contrast strongly with the continuing good performance of the Chinese economy.

VTV Channel: Developing an effective online media strategy

2/9/2010 12:54:00 PM

In recent years, hoteliers have had to adjust their focus from offline to online marketing efforts, which means developing an online media strategy that works.

Sheraton sells for US$12.3 million in Pleasanton, California

2/9/2010 12:09:00 PM

The 170-room Sheraton Hotel was sold to Pleasanton Lodging LP for US$72,353 per key.

5 things to know: 9 February 2010

2/9/2010 10:31:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Hotels biggest targets for card-data theft;
• MGM Mirage seeks to amend credit facility;
• Ritz-Carlton Lake Las Vegas closing its doors;
• four ways to motivate your workers; and
• economist’s recommended reading.

Gabriele Burgio, NH Hoteles: interview transcript

2/9/2010 10:16:00 AM

In this interview transcript, chairman & CEO Gabriele Burgio discusses the company’s worldwide development opportunities and sustainability goals.

NH Hoteles eyes opportunity in South America

2/9/2010 10:02:00 AM

For a midsized hotel company, development these days is about select deals in the right markets. Read the story. Read the full interview transcript. Watch video highlights.

Brand benefits: Revenue-management systems

2/9/2010 8:37:00 AM

Using a brand’s RMS offering usually provides access to other infrastructure, but it often means needing an additional tool to produce maximum results.

4 ways to motivate employees during lean times

2/9/2010 8:04:00 AM

If there’s anything that’s sunk lower than profit margins during the recession, it might be employee morale. And as workers get laid off, benefits get cut and stress takes hold, it’s not just your associates who are suffering—guests are too.

dwp/SRG delivers a grand design for Hyatt in Macau

2/9/2010 7:58:00 AM

The design firm joins an over-budget project after two failed designers and pulls the whole thing together to satisfy the owner and operator.

5 things to know: 8 February 2010

2/8/2010 10:12:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• New Orleans hotels get boost from Super Bowl;
• Starwood’s HQ relocation hits snag;
• Vancouver hotels optimistic about post-Olympics business;
• personalization key to driving revenue; and
• BWI descriptor plan up for vote.

Property promotions: 8 February 2010

2/8/2010 9:55:00 AM

Deep discounts and romantic getaways highlight the latest round of marketing ideas and their performance brought to you twice a month.

Vancouver hotels are hoping for gold in future business

2/8/2010 9:38:00 AM

Hoteliers in Vancouver believe exposure from the Winter Olympic Games will be a boon for business.

Hotels never stabilize

2/8/2010 9:07:00 AM

There are many different factors that can influence the peaks and valleys of a hotel’s life cycle.

Redesign can yield opportunity

2/8/2010 8:50:00 AM

Keep the changing needs of guests and the environment in mind when redesigning a hotel.

With limited demand, personalization key to driving revenue

2/8/2010 8:04:00 AM

In today’s transparent pricing environment, one hotel’s gain is another hotel’s loss. So what’s a hotelier to do? Give the people exactly what they want.

Best Western’s descriptor plan closer to reality

2/8/2010 7:51:00 AM

President and CEO David Kong believes trumpeting the brand’s diversity through a property-descriptor program will drive more business from customers wanting more than a standard BW property.

5 things to know: 5 February 2010

2/5/2010 10:10:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• New information expected in Starwood vs. Hilton case;
• U.S. unemployment rate falls to 9.7%;
• Fitch: Hotel CMBS delinquencies increase;
• Credit Suisse takes back half-built Anguilla resort; and
• hip-hop mogul Jay-Z sues hotel developer.

Hunter Investment Conference asks: "What's your game plan?"

2/5/2010 9:50:00 AM

Attendees at the 22nd Annual Hunter Hotel Investment Conference, scheduled for 17-19 March at the Atlanta Marriott Marquis, will have access to more than 100 experts to help them craft their game plans in anticipation of opportunities and challenges facing the industry as it begins to recover from a historic downturn.

CHTIC announces electronic appointment program

2/5/2010 9:38:00 AM

Following the success of last months Caribbean Marketplace where buyers and suppliers met to do business in pre-matched time-slots, the Caribbean Hotel & Tourism Association (CHTA) is now applying the same electronic appointment matching process to the 14th Annual Caribbean Hotel & Tourism Investment Conference (CHTIC 2010), taking place in San Juan, Puerto Rico, May 4-6, 2010.

STR reports US performance for week ending 30 January 2010

2/5/2010 8:43:00 AM

The U.S. hotel industry reported mixed results in the three key measurements during the week of 24-30 January 2010, according to data from STR.

Canada hotels on long road to recovery, economist says

2/5/2010 8:40:00 AM

While 2009 is over and done with, the Canadian economy still has a long road back to recovery—meaning hoteliers should expect a bumpy ride.

Stock update: Ameristar, Hyatt, Morgans, Rezidor, Starwood

2/5/2010 6:33:00 AM

Following are stock updates for Ameristar Casinos, Hyatt Hotels Corporation, Morgans Hotel Group, Rezidor Hotel Group, and Starwood Hotels & Resorts Worldwide.

Starwood-Hilton espionage case update

2/5/2010 6:23:00 AM

Ross Klein and Amar Lalvani could be filing their response to the amended corporate espionage charges levied against them by Starwood Hotels & Resorts Worldwide as early as today.

EPA provides insight into hotel energy savings

2/5/2010 6:19:00 AM

Partnering with the EPA is good for a hotel’s economic and environmental bottom lines.

Starwood redeveloping Sheraton Manhattan in Times Square

2/4/2010 11:30:00 AM

Sheraton Hotels & Resorts Worldwide said the company is looking at "a variety of options" to maximize the value of the 665-room hotel.

5 things to know: 4 February 2010

2/4/2010 10:13:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• U.S. weekly hotel metrics show mixed results;
• Starwood reports 4Q performance declines;
• U.K. hoteliers show some optimism;
• U.S. weekly unemployment claims increase; and
• Orient-Express picks up two, sells one.

Talking (gulp ...) fashion and (gulp!) beer

2/4/2010 9:50:00 AM

The latest move by Starwood Hotels & Resorts to hire a fashion director for its W brand shows why it is considered among the most creative hotel companies on the globe.

HEI is serious about social responsibility

2/4/2010 9:40:00 AM

HEI's CARE program focuses on community service and outreach.

HEI looks to deploy war chest

2/4/2010 9:15:00 AM

The Connecticut-based company has funds to acquire hotels and form joint ventures that help owners of troubled assets while also building upon its growing social-responsibility platform. Read the story. Read the full interview transcript. View the video highlights.

ALIS bankruptcy session shows recovery isn't here yet

2/4/2010 8:52:00 AM

While recovery is on the horizon, the overflow crowd at an ALIS bankruptcy breakout panel shows we're still in the middle of some difficult times.

BHA says Digital Economy Bill could be troublesome for hoteliers

2/4/2010 8:44:00 AM

The British Hospitality Association warns that the Digital Economy Bill could prove difficult for hotels to enforce.

Checking in on self-service kiosks

2/4/2010 8:30:00 AM

As self-service technology becomes more popular in everyday life, hotel check-in kiosks increasingly are being seen as viable alternatives to traditional front-desk interaction.

Luxury leads chain-scale segment increases in weekly numbers

2/4/2010 8:22:00 AM

Among the chain scale segments, four of the seven segments showed occupancy increases for the week ending 30 January 2010, according to data from Smith Travel Research.

Hold on to your talent

2/4/2010 8:14:00 AM

Don't get in the position of having to contend with the extra cost created by turnover. Act quickly to follow these guidelines to protect your key players and your business.

Starwood reports Q4 net loss of US$107 million

2/4/2010 7:53:00 AM

Starwood hotels reports a $US107 million net loss in its fiscal fourth quarter, but says "portfolio is set to begin a rebound in 2010."

STR reports Canada performance for week ending 30 January

2/4/2010 7:51:00 AM

The Canadian hotel industry posted decreases in all three key performance measurements during the week of 24-30 January 2010, according to data from STR.

Steve Mendell, HEI Hotels & Resorts: interview transcript

2/4/2010 7:19:00 AM

In this transcript from an interview with Steve Mendell, president of acquisitions and development for HEI Hotels & Resorts, Mendell discusses how much transaction activity is likely to occur this year and what HEI's plans are for its US$515 million acquisition fund.

ALIS 2010

2/3/2010 4:14:00 PM

After a tumultuous 2009, the mood at the 2010 Americas Lodging Investment Summit was more subdued. Gone was the deer-in-the-headlight air of panic—replaced by a healthy dose of realistic assessment. Yes, the year ahead likely would bring more challenges, but recovery was a visible light at the end of the tunnel.

Magnuson Hotels reports US$1.4 billion in hotel financing

2/3/2010 11:27:00 AM

Despite a U.S. hotel occupancy crash and frozen global credit markets, Magnuson Hotels, the world’s largest independent hotel group, announced today that nearly 700 hotels signed in the past 24 months have received more than US$1.4 Billion in non-franchise hotel financing.

Americas Best Value Inn implements biodegradable bathroom amenities

2/3/2010 11:13:00 AM

Vantage Hospitality Group announced that all of its nearly 900 Americas Best Value Inn and Canadas Best Value Inn properties throughout North America will carry biodegradable packaging in their guest rooms, including shampoo, body lotion and bath soap.

America's Best Franchising adds 12 hotels

2/3/2010 11:06:00 AM

America’s Best Franchising, Inc. has opened 12 new properties in the past 30 days – 11 are upper economy brand hotels and one is an upscale 3 Palms resort hotel.

5 things to know: 3 February 2010

2/3/2010 10:00:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Carlson to invest US$1 billion in Radisson repositioning;
• extended-stay segment saw Q4 demand increase;
• U.S. private employment down in January, ADP says;
• Spring Break hotel rates drop by 15 percent; and
• IHG woos Hilton HHonors members with Luckiest Loser promo.

Rezidor extends partnership agreement with Mvelaphanda Holdings

2/3/2010 9:50:00 AM

The Rezidor Hotel Group agreement with Mvelaphanda Holdings (Pty) Ltd, South Africa extends to all existing and future Rezidor hotels in South Africa, Lesotho and Swaziland, and will cover all Rezidor brands.

Atlas survey: California deal values, volume down big in 2009

2/3/2010 9:20:00 AM

Atlas Hopitality's California Hotel Sales Survey Year-End 2009 found big value and volume drops for the Golden State. But the company expects prices and activity to start recovering during 2010.

HSMAI honors travel marketing excellence at Adrian Awards

2/3/2010 9:11:00 AM

HSMAI handed out honors at its 53rd annual Adrian Awards at the New York Mariott Marquis 1 February.

London: Market Snapshot

2/3/2010 9:02:00 AM

Thanks to London’s status as a global destination and the city’s resilient hotel performance over the course of the year, the total number of visitors in 2008 did decrease on 2007 but still reached just over 26 million.

Joly: Carlson readies for billion-dollar Radisson remake

2/3/2010 8:58:00 AM

Company leader says there’s plenty of room for brand to improve its U.S. portfolio to match what it has elsewhere in the world. Read the story.Read the full interview transcript. View the video interview highlights.

Gaylord Hotels signs on as Platinum Sponsor of HDC

2/3/2010 8:47:00 AM

Gaylord Hotels has agreed to become the Platinum Sponsor for the second Hotel Data Conference.

Hilton execs offer updates on several brand strategies

2/3/2010 8:44:00 AM

During interviews at the Americas Lodging Investment Summit, Hilton Worldwide executives discussed brand refreshers for Hilton Garden Inn, and pipeline details for Homewood Suites and Home2 Suites.

STR's Randy Smith presented with Lifetime Achievement Award

2/3/2010 8:08:00 AM

Randell A. Smith, CEO and co-founder of Hendersonville, Tennessee-based STR, was presented with the prestigious Lifetime Achievement Award at the Americas Lodging Investment Summit (ALIS) on 26 January 2010, in San Diego.

Huberty Joly, Carlson: interview transcript

2/3/2010 7:33:00 AM

In this transcript from an interview conducted during the Americas Lodging Investment Summit, Hubert Joly, CEO of Carlson Companies and CEO of Carlson Hotels, talks about the plans for the Radisson brand, the importance of having a global management team, and what the future holds for his company and the overall industry.

Does social media matter? Not yet

2/3/2010 6:57:00 AM

Social media has gotten a lot of attention in the past year, but how important is it when it comes to influencing whether or not a traveler stays at your hotel?

Momentum builds for OTAs in battle against municipalities

2/3/2010 6:47:00 AM

For the third time in less than six weeks, a court has sided with online travel agencies in their ongoing dispute with localities over room rate taxes.

2/2/2010 8:41:00 PM

Small Luxury Hotels of the World adopts VFM Leonardo’s VScape

2/2/2010 2:00:00 PM

Small Luxury Hotels of the World has adopted the VScape Digital Asset Management System.

Luxe Worldwide distributes visual content through VFM Leonardo

2/2/2010 1:57:00 PM

Luxe Worldwide Hotels has selected VFM Leonardo, leader in online visual content distribution for hotels, to deliver images for member hotels to the VNetwork.

VTV Channel: Increase content relevance using personas

2/2/2010 12:41:00 PM

Robert Cole. the founder of RockCheetah, explains that personas differ depending on the reason for the trip and what the traveler hopes to accomplish.

5 things to know: 2 February 2010

2/2/2010 10:23:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Orient-Hotels back on growth track;
• Extended Stay examiner requests more time to file report;
• OTAs hold their ground in Anaheim case;
• Obama to outline US$30-billion program for small business lending;
• 2009 California hotel sales drop 73 percent since 2007.

Retail crosses over into hospitality

2/2/2010 10:15:00 AM

During ALIS, purveyors of well-known consumer brands Missoni, Baccarat and Virgin discussed opportunities in the hotel space at ALIS.

Extended Stay examiner seeks more time for bankruptcy report

2/2/2010 8:13:00 AM

Former bankruptcy court judge Ralph R. Mabey has asked for a three-week extension to file his investigation into Extended Stay’s bankruptcy.

Taj refocuses brand architecture

2/2/2010 8:01:00 AM

After a tumultuous 2009, Taj Hotels, Resorts and Palaces is clarifying its brands in an attempt to buoy business in 2010.

After year of consolidation, Orient-Express back on growth track

2/2/2010 7:48:00 AM

Orient-Express Hotels Limited spent much of 2009 trimming noncore assets as part of a brand-enhancement campaign. But now, the luxury owner and operator is eyeing leisure-focused acquisitions to expand its reach.

These conferences reveal some interesting trends

2/1/2010 8:47:00 AM

ALIS and the HBI meeting give some much-needed guidance to where the hotel industry is heading in 2010.

Tax talk at ALIS

2/1/2010 8:31:00 AM

Taxes were a top-of-mind issue during a Capitol Hill update session last week at ALIS.

Choice Haiti openings still on track

2/1/2010 8:21:00 AM

Choice Hotels International remains on track to open two properties in Jacmel, Haiti, expanding its support of relief efforts, and sending supplies to the property slated to open as a Comfort Inn hotel later this year.

5 things to know: 1 February 2010

2/1/2010 8:19:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Kayak.com enhances hotel deal offerings;
• Haitian hotel projects still a go for Choice;
• Choice CEO dishes about ALIS;
• tax talk at ALIS; and
• Rezidor opens record number of hotels during 2009.

Kayak.com offering hotel deals

2/1/2010 8:15:00 AM

Kayak.com has launched a service to provide limited-time hotel deals.

Examining pay-to-play and pretend-and-extend

2/1/2010 8:00:00 AM

The two strategies are not mutually exclusive and the decision-making process for all parties should naturally take both into account.

Rezidor's 2009 openings hit record

2/1/2010 7:12:00 AM

Rezidor opened a record 36 hotels during 2009, comprising 7,100 rooms. The company opened 33 hotels comprising 6,500 rooms during 2008.

Stock update: DiamondRock, Morgans Hotel Group

1/29/2010 9:33:00 AM

HotelNewsNow.com recaps the performances of hotel-related stocks as they are announced during each quarter. Following is an update for DiamondRock Hospitality and Morgans Hotel Group.

5 things to know: 29 January 2010

1/29/2010 9:20:00 AM

From the desks of HotelNewsNow.com editorial staff:
• OTAs ask Congress to join fight over occupancy taxes;
• U.S. real GDP up 5.7 percent during Q4;
• Pegasus: market has bottomed and bookings are up;
• Super Bowl gives bookings a boost; and
• survey suggests business travel is returning.

Dancing with the stats

1/29/2010 9:13:00 AM

Sometimes going out of your comfort zone can lead to unchoreographed outcomes.

PwC: Super Bowl XLIV will aid tourism spending in Fla.

1/29/2010 8:55:00 AM

Super Bowl XLIV is expected to generate US$153 million in direct spending in South Florida.

STR reports US performance for week ending 23 January 2010

1/29/2010 8:15:00 AM

The U.S. hotel industry reported decreases in all three key measurements during the week of 17-23 January 2010, according to data from STR.

5 things to know: 28 January 2010

1/28/2010 9:07:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Boston leads STR weekly numbers;
• IREFAC displays optimism at ALIS;
• U.S. unemployment claims down;
• investors ready to come back to Wall Street; and
• Joly, Gage, elected to Carlson’s board of directors.

Investors ready to walk back onto Wall Street

1/28/2010 8:59:00 AM

With stocks still priced relatively cheaply, investors are ready to come back to Wall Street—but they’re going to want quality.

Joly, Gage elected to Carlson board of directors

1/28/2010 8:47:00 AM

Hubert Joly, Carlson's president and CEO, becomes the 10th member of the company's expanded board, while Richard C. Gage replaces his brother Scott C. Gage on the board.

Brand leaders discuss opportunities, challenges

1/28/2010 8:10:00 AM

In better days, brand executives usually pontificate on amenity creep or hot markets. This year, however, the conversation at the Americas Lodging Investment Summit focused on macroeconomics and industry-sized problems.

Boston leads occ., RevPAR increases in STR weekly numbers

1/28/2010 8:08:00 AM

Boston, Massachusetts, reported the largest increases in both occupancy and RevPAR for the week ending 23 January 2010, according to weekly data from Smith Travel Research.

STR reports Canada performance for week ending 23 Jan. 2010

1/28/2010 7:53:00 AM

In year-over-year measurements, the industry’s occupancy decreased 1.7 percent to 50.8 percent, ADR fell 2.3 percent to CAD$120.23, and RevPAR declined 3.9 percent to CAD$61.07.

How ’bout this: IREFAC panel displays optimism

1/28/2010 7:42:00 AM

Stopping short of saying a recovery has started, hotel-industry executives serving on a panel at the Americas Lodging Investment Summit believe there are signs the worst has passed.

Starwood Hotels & Resorts slated to open 80-100 hotels in 2010

1/27/2010 9:19:00 AM

Starwood Hotels & Resorts Worldwide expects to open another 80-100 high quality new-build and conversion hotels in 2010.

5 things to know: 27 January 2010

1/27/2010 8:52:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• HIL indicator up in December;
• STR reports fourth-quarter results;
• transaction outlook muddled, according to ALIS panelists;
• survey: guests unsatisfied with customer service; and
• Starwood to open 80 to 100 high-end hotels this year.

Another stagnant year ahead for transaction activity

1/27/2010 8:46:00 AM

Experts at the Americas Lodging Investment Summit agree 2009 was a quiet year for transactions. But they couldn’t reach an agreement over just how strong the rebound will be—if there is one in 2010.

Despite domestic ills, Spanish hotel chains roll on with expansion

1/27/2010 8:34:00 AM

Spain’s chains expand in key destinations while domestic overnight stays register another disappointment

STR reports US performance results for fourth-quarter 2009

1/27/2010 8:06:00 AM

The U.S. hotel industry reported decreases in all three key performance metrics for fourth-quarter 2009 in year-over-year measurements, according to data from STR.

Hotel Industry Leading Indicator shows promise in December

1/27/2010 7:44:00 AM

HIL increased by 1.8 percent during December, the ninth consecutive increase for the indicator.

5 things to know: 26 January 2010

1/26/2010 9:55:00 AM

From the desk of the HotelNewsNow.com editorial staff:
• STR releases updated 2010, 2011 forecasts;
• STR Global releases year-end results for world regions;
• HNN’s day No. 1 ALIS coverage highlights;
• AmEx corporate travel sales begin to stabilize; and
• major chains share 2009 development reports.

STR releases updated forecasts for 2010, 2011

1/26/2010 9:18:00 AM

The U.S. hotel industry is projected to end 2010 with decreases in two of the three key performance measurements, according to STR’s monthly forecast update.

STR Global posts Middle East/Africa Dec. '09, year-end '09 results

1/26/2010 9:09:00 AM

The Middle East/Africa region reported year-end decreases in all three key measurements when reported in U.S. dollars, according to data compiled by STR Global.

Choice opens 524 hotels in 2009

1/26/2010 9:06:00 AM

Choice Hotels International opened 524 new hotels in 2009, thanks to the final addition of 42 new hotels for the month of December, marking a grand total of more than 43,000 guest rooms.

STR Global posts year-end '09, Dec. '09 results for Europe

1/26/2010 8:28:00 AM

The European hotel industry posted mixed results in year-over-year results when reported in U.S. dollars, euros and British pounds for year-end 2009, according to data compiled by STR Global.

STR Global posts year-end '09, Dec. '09 results for Asia/Pacific

1/26/2010 8:05:00 AM

Hotels in the Asia/Pacific region experienced decreases for all three key performance metrics for year-end 2009 when reported in U.S. dollars, according to data compiled by STR Global.

Bad news for now, but recovery on the horizon

1/26/2010 8:04:00 AM

There wasn’t a lot of good news to go around in 2009 for hoteliers. But speakers during the opening general session of the Americas Lodging Investment Summit in San Diego say relief might be on the way.

STR Global posts Americas results for Dec. '09, year-end '09

1/26/2010 7:54:00 AM

The Americas region recorded declines in all three key performance metrics when reported in U.S. dollars for year-end 2009 and December 2009, according to data compiled by STR and STR Global.

Hotel leaders project slow path to recovery

1/26/2010 7:44:00 AM

ALIS panelists said the lack of group business will hurt hotels as the industry looks to shake the doldrums, and that transactions will be inching back into the mainstream as 2010 moves forward.

Choice expands marketing alliance with Outrigger

1/26/2010 7:27:00 AM

Choice Hotels International and Outrigger Enterprises Group today announced an expansion of their alliance in which 10 additional Outrigger-managed and/or affiliated properties representing more than 1,700 rooms will be added to the existing relationship.

VTV Channel: The role of opaque sites in the travel planning process

1/25/2010 10:34:00 AM

Chris Anderson, Assistant Professor at the Cornell School of Hotel Administration, discusses how hoteliers can leverage sites like Priceline and Hotwire to price into the value-seeking, non-brand loyal consumer segment while maintaining higher rates at retail outlets.

Hilton reports strong development in 2009

1/25/2010 10:00:00 AM

In 2009, Hilton Worldwide added 302 new hotels and more than 45,000 rooms to a total count that is now more than 3,500 hotels and 585,000 rooms.

Marriott's Autograph Collection announces first seven hotels

1/25/2010 9:40:00 AM

Seven hotels from The Kessler Collection will be the first to join the Autograph Collection by the end of April.

STR reports year-end '09, Dec. '09 data

1/25/2010 9:32:00 AM

The U.S. hotel industry posted a double-digit drop in revenue per available room during 2009. The metric fell 16.7 percent to US$53.71, the largest year-end decrease of any of the three key measurements, according to data from STR.

5 things to know: 25 January 2010

1/25/2010 9:32:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Forecasting firms agree the industry can’t get any worse;
• JLLH: Americas hotel transaction volume to increase 67 percent;
• Lodging Econometrics projects hotel construction to be down;
• DLA Piper: Asset values will stabilize in 2010; and
• three bombs exploded outside major hotels in Baghdad.

Wedge plans to expand hotel investments and operations

1/25/2010 8:58:00 AM

Wedge Real Estate Holdings, a Houston-based real estate investment company with diversified holdings in hotels, offices and self-storage properties, will intensify investment and expanded operations in the hotel industry.

Lodging Econometrics: New hotel construction down in 2010

1/25/2010 8:44:00 AM

Lodging Econometrics predicts that just 717 hotels comprising 82,620 rooms will open in 2010. This is a 56-percent drop from 2009, when 1,301 hotels with 146,929 rooms opened.

Property promotions: 25 January 2010

1/25/2010 8:35:00 AM

Economy operator acts as guests’ travel agent and the top innovative Valentine’s Day campaigns.

JLLH, DLA Piper, pundit outlooks kick off ALIS coverage

1/25/2010 8:17:00 AM

At last year’s ALIS conference, 2010 was the year in which many industry pundits assured us recovery would come. But what do just-released data and reports say about the next 12 months?

Forecasters: Only way to go is up in 2010

1/25/2010 8:09:00 AM

Metrics are going to improve this year, but there is a lot of lost ground to make up before a true turnaround, according to hotel industry research experts.

DLA Piper 2010 Hospitality Outlook Survey

1/25/2010 7:39:00 AM

According to the DLA Piper 2010 Hospitality Outlook Survey, asset values are expected to stabilize during the next 12 months and the majority of respondents expect the US hospitality industry to rebound in 2011.

JLLH: Americas hotel transactions to grow by 67 percent in 2010

1/25/2010 7:21:00 AM

Deal volumes are expected to rise to at least US$3.5 billion, according to Jones Lang LaSalle Hotels’ Hotel Investment Outlook.

HVS assists in sale, funding of Vail Plaza Hotel & Club reorganization

1/22/2010 3:12:00 PM

HVS has assisted in the sale and funding of the Chapter 11 bankruptcy reorganization plan of the hotel, which was sold to a Mexican investment company for US$46.5 million.

STR: US hotel industry ends '09 with double-digit RevPAR drop

1/22/2010 9:53:00 AM

Revenue per available room fell 16.7 percent to US$53.71 during 2009, according to year-end reports from Smith Travel Research.

5 things to know: 22 January 2010

1/22/2010 9:41:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• STR reports final 2009 metrics and weekly numbers;
• Lone Star Funds affiliate acquires Lodgian;
• Choice to close North Dakota call center in move to home-based strategy;
• two hotel companies on Fortune’s Best Places to Work list; and
• Trip Advisor lists world’s best hotels

InnKeepers USA stops debt service on Calif. Hilton

1/22/2010 9:15:00 AM

InnKeepers USA is seeking loan amendments for its Hilton hotel in Ontario, California.

Stock update: Accor, Chesapeake, InnKeepers, Orient-Express

1/22/2010 9:11:00 AM

HotelNewsNow.com recaps the performances of hotel-related stocks as they are announced during each quarter. Following is an update for Accor, Chesapeake Lodging Trust, InnKeepers USA Trust and Orient-Express Hotels.

Hersha Hospitality to add four new properties

1/22/2010 8:50:00 AM

Hersha Hospitality Management will add four new properties to its management portfolio during the first 45 days of 2010.

Choice Hotels announces home-based agent strategy

1/22/2010 8:44:00 AM

Choice Hotels International plans to transition its Minot, North Dakota contact center to a home-based operation as part of its strategy to ensure its service and reservations centers are performing at optimum levels in support of the company's franchisees and hotel guests.

Lodgian to be acquired by Lone Star Funds

1/22/2010 8:30:00 AM

Lodgian, a hotel owner and operator, has entered into a definitive agreement to be acquired by an affiliate of Lone Star Funds in a transaction valued at about US$270 million, including assumed debt.

STR reports US performance for week ending 16 January 2010

1/22/2010 8:20:00 AM

In year-over-year measurements, the industry’s occupancy ended the week virtually flat with a 0.8-percent decrease to 47.8 percent., ADR dropped 7.4 percent to US$94.78, and RevPAR fell 8.2 percent to finish at US$45.33.

ALIS through the looking glass—what to watch for

1/22/2010 8:00:00 AM

Here are seven things to keep an eye on during ALIS next week.

STR reports Canada performance for week ending 16 Jan. 2010

1/22/2010 7:54:00 AM

In year-over-year measurements, the industry’s occupancy decreased 3.1 percent to 49.2 percent, ADR fell 1.8 percent to CAD$118.65, and RevPAR declined 5.0 percent to CAD$58.37.

JLLH select service division closes sale of Ramada North Charleston, SC

1/22/2010 7:46:00 AM

On behalf of 7401 Northwoods Boulevard Holdings, LLC, Jones Lang LaSalle Hotels’ select service division is pleased to announce the sale of the Ramada North Charleston, SC.

Mövenpick merchandises online with VFM Leonardo’s VBrochure

1/21/2010 1:29:00 PM

Upscale hotel management company uses VBrochure to better merchandise its hotels online with visual content across the largest network of travel intermediaries and Web sites.

Cotton named chairman of London Business Tourism Group

1/21/2010 10:03:00 AM

Bob Cotton, who has been CEO of the British Hospitality Association for more than 10 years, will take up the chairman's role immediately.

5 things to know: 21 January 2010

1/21/2010 10:02:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• JAL says bankruptcy won’t affect its hotels;
• U.S. initial jobless claims rise;
• OTAs win tax battle;
• Cotton named chairman of London Business Tourism Group; and
• Accor North America opens 70 properties in 2009.

In tough times, remember these 5 tenets of sales and marketing

1/21/2010 9:22:00 AM

Hotels must have clarity and commitment from the owner and management on the direction and implementation of the sales and marketing agenda when times are toughest.

UNWTO 2010 forecast indicates bottoming out

1/21/2010 9:03:00 AM

A recovery is under way, and it’s taking place earlier and stronger than initially expected, UNWTO’s secretary-general said.

Top 10 revenue-management opportunities for 2010

1/21/2010 8:39:00 AM

It appears we have made it through our darkest days and now it is time to embrace and enjoy the new dawn. These strategies and tactics will help you begin that process.

Familiar tune rings from Caribbean association

1/21/2010 8:30:00 AM

Once again, the CHTA is asking for a united front from Caribbean nations to help push through a tax on airline and cruise tickets that would support a marketing fund for the region.

JAL bankruptcy will not affect company’s hotel portfolio

1/21/2010 8:17:00 AM

Japan Airline Corporation’s portfolio of 58 hotels will continue on with business as usual during the Tokyo-based airliner’s massive bankruptcy.

Chesapeake unveils scaled-back IPO

1/20/2010 1:57:00 PM

After temporarily shelving its planned public offering last month, Chesapeake Lodging Trust has come forward with a smaller offering.

Accor North America lists Motel 6, Studio 6 openings for 2009

1/20/2010 1:09:00 PM

Accor has announced the locations for its Motel 6, Studio 6 openings in 2009.

Orient-Express closes US$138 million stock offering

1/20/2010 10:02:00 AM

Orient-Express Hotels Ltd. said it has offered a total of 13.8 million shares including and will receive net proceeds from the offering of US$131 million.

5 things to know: 20 January 2010

1/20/2010 9:50:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• STR introduces new analytics company;
• STR Global releases global pipeline numbers for December;
• Orient-Express closes US$138 million stock offering;
• Accor’s fourth-quarter, full-year hotel revenue takes a hit; and
• UNWTO: International tourism to rebound in 2010.

The great revenue-management debate

1/20/2010 9:33:00 AM

While many pundits argued at either end of the market-share-versus-profit debate, the best approach appears to be somewhere near the center.

Market share vs. profits—an oxymoron

1/20/2010 9:27:00 AM

Every hotel has to determine what the optimal balance is between its occupancy and rate indices. This level of balance is proof the hotel drove rate when it could and volume when it had to.

Inflation, interest rates and values

1/20/2010 9:09:00 AM

There is no way anyone really knows where the economy or the hotel industry are going during the next several years. The bottom is not here yet, and the upward slope is completely indeterminate.

STR reports Caribbean and Mexico pipeline for December 2009

1/20/2010 9:04:00 AM

The Caribbean/Mexico hotel development pipeline includes 127 hotels comprising 17,528 rooms, according to the December 2009 STR Construction Pipeline Report.

STR Global reports Central/South America pipeline for Dec. 2009

1/20/2010 8:40:00 AM

The Central/South America hotel development pipeline includes 128 projects with 19,887 rooms, according to the December 2009 STR Global Construction Pipeline Report.

Hartmann heads STR’s new analytics company

1/20/2010 8:38:00 AM

STR has formed STR Analytics to extend its range of analytical services and creative applications to the hotel industry.

International tourism on track for a rebound

1/20/2010 8:30:00 AM

Growth returned to international tourism during the fourth-quarter 2009 contributing to better than expected full-year results, according to the latest edition of the UNWTO World Tourism Barometer.

STR Global reports the Asia/Pacific pipeline for December 2009

1/20/2010 8:26:00 AM

The Asia/Pacific hotel development pipeline includes 956 hotels comprising 232,460 rooms, according to the December 2009 STR Global Construction Pipeline Report.

STR Global reports Europe pipeline for December 2009

1/20/2010 8:14:00 AM

The Europe hotel development pipeline includes 587 hotels comprising 100,013 rooms, according to the December 2009 STR Global Construction Pipeline Report.

STR Global reports Middle East/Africa pipeline for December 2009

1/20/2010 7:53:00 AM

The Middle East/Africa hotel development pipeline includes 442 hotels comprising 120,440 rooms, according to the December 2009 STR Global Construction Pipeline Report.

Accor North America announces Green Key Pilot in the US

1/19/2010 3:54:00 PM

Green Key is the first program of its kind to rank, certify and inspect hotels and resorts based on their commitment to sustainable “green” practices; the Accor North America pilot will involve 20 properties.

Accor releases 2009 earnings, hotels revenue down 10.1 percent

1/19/2010 3:48:00 PM

Hotels revenue declined by 10.1 percent over the year and 8.3 percent during the fourth quarter, which showed a slight improvement compared with previous quarters, mainly because of the first signs of stabilization in occupancy rates in December in Europe.

US mountain lodging occupancy lags behind last season

1/19/2010 12:42:00 PM

Overall occupancy at mountain resort destinations still lags behind last year, according to the most recent report released by the Mountain Travel Research Program.

AmericInn sets new leadership team

1/19/2010 11:36:00 AM

New CEO Paul Kirwin hires Rob Burgett to lead brand's expansion beyond its Midwestern roots.

5 things to know: 19 January 2010

1/19/2010 9:30:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Spanish hoteliers cautiously guardedly upbeat about 2010;
• Chesapeake Lodging Trust reduces size of IPO;
• JAL declares bankruptcy;
• 200 people still missing at Hotel Montana in Haiti; and
• J.W. Marriott and Ritz-Carlton in for rough L.A. opening.

Spanish hoteliers have better outlook for 2010

1/19/2010 9:22:00 AM

Spanish hoteliers are guardedly upbeat this year even after the tourism ministry reported a steep drop in foreign visitors last year.

VTV Channel: To merchandise or not?

1/19/2010 8:28:00 AM

Felix Laboy, president and GM at Sabre Hospitality Solutions, discusses how hotels are doing a better job of merchandising online this year than they have in the past.

Marriott bullish on India

1/19/2010 7:56:00 AM

Marriott International’s strategy for India includes a heavy emphasis on the Courtyard by Marriott brand, according to the company.

AdVantis reports increased reservations, roomnights

1/19/2010 6:43:00 AM

The Vista Inns and Select Inns brands showed an increase in reservations of 40.6 percent and an increase in roomnights of 35.6 percent.

Accor NA launches Green Key pilot program at 20 hotels

1/19/2010 6:20:00 AM

The cornerstone of the Green Key program is its focus on sound sustainable practices specifically for the lodging industry.

STR's Lomanno among authors honored by Cornell

1/18/2010 8:53:00 AM

An analysis that shows the negative effects of undercutting lodging competitors on price was voted the article of the year for 2009 in the Cornell Hospitality Quarterly.

5 things to know: 15 January 2010

1/15/2010 10:21:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Starwood files new complaint against Hilton;
• Fed’s Beige Book shows continued economic weakening;
• Red Lion forces out president and CEO;
• Hersha ups planned stock offering; and
• weekly U.S. unemployment claims up 11,000.

Customer service comes first for Andaz

1/15/2010 10:14:00 AM

Creating an experience that guests appreciate is paramount for Hyatt’s Andaz brand, and while focusing on guest service isn’t new, there’s always room for improvement.

Starwood: Top Hilton execs knew about corporate espionage

1/15/2010 10:01:00 AM

In a court filing Thursday, Starwood Hotels & Resorts Worldwide claims top Hilton Worldwide executives—including its CEO Christopher Nassetta—knew about the theft of trade secrets that Starwood alleges Hilton used to set up its own lifestyle brand.

Airport hotels see bright side of freeze

1/15/2010 9:57:00 AM

The recent freeze across the U.K. brought with it contrasting fortunes for hotel operators. Daily data from STR Global showed recent adverse weather and road conditions reduced people’s desire to travel locally.

STR reports US performance for week ending 9 January 2010

1/15/2010 7:58:00 AM

The U.S. hotel industry reported decreases in all three key measurements during the week of 3-9 January 2010, according to data from STR.

Eliassen assumes top spot at Red Lion

1/14/2010 4:03:00 PM

Interim president and CEO Jon Eliassen replaces Anupam Narayan at the Spokane, Washington-based company.

Magnuson Hotels expands global presence to UK, Bahamas, and Puerto Rico

1/14/2010 2:49:00 PM

Magnuson Hotels, the world’s largest independent hotel group, announced today the expansion of its low-cost global reservation services to the United Kingdom, the Bahamas and Puerto Rico.

Haitian earthquake aftermath narrated by hotelier

1/14/2010 11:02:00 AM

Richard Morse, owner of the 26-room Hotel Oloffson in Port-au-Prince, tells via Twitter of the suffering and destruction that surrounds his hotel, which was spared.

Andaz brand stakes its claim

1/14/2010 9:57:00 AM

Hyatt’s newest offering expands its footprint to include New York and San Diego. Management’s goal is to have properties in the top 15 markets as soon as possible.

5 things to know: 14 January 2010

1/14/2010 9:49:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• STR weekly results down again;
• record 2.8 million U.S. property foreclosures in 2009;
• Choice and Carlson buy partners in India;
• Rockwood seeks debt relief on historic Renaissance Mayflower; and
• GDS industry still big bookings player.

Carlson to triple portfolio in India within three years

1/14/2010 9:41:00 AM

These plans, which are well underway, will see the group add 50 properties by the end of 2012 across four brands.

Caribbean hotels upgrade marketing plans as upturn looms

1/14/2010 8:57:00 AM

In a climate where many corporate clients are postponing—or flat-out canceling—corporate functions, hoteliers believe new programs will encourage clients to proceed with their plans on schedule

3 smart moves for 2010 hotel capital plans

1/14/2010 8:33:00 AM

Consider these courses of action so you can spend more strategically.

STR: Los Angeles-Long Beach leads weekly numbers

1/14/2010 8:02:00 AM

Los Angeles-Long Beach, California, experienced the largest increase in all three key metrics during the week of 3-9 January 2010, according to data from Smith Travel Research.

STR reports Canada performance for week ending 9 January 2010

1/14/2010 7:43:00 AM

The Canadian hotel industry posted decreases in all three key performance measurements during the week of 3-9 January 2010, according to data from STR.

Choice to acquire remaining interest in India unit

1/14/2010 7:21:00 AM

Company will transition Choice Hospitality India to wholly owned subsidiary as it focuses on the need for midmarket lodging in growing Indian hotel market.

ALIS delegates optimistic about 2010 economy

1/13/2010 3:10:00 PM

Survey shows that the majority of respondents believe turnaround is right around the corner.

Fitch: Specially serviced U.S. CMBS up to 7.8 percent

1/13/2010 9:55:00 AM

The transfer of large-balance CMBS loans to special servicing continues to increase as commercial property performance declines.

5 things to know: 13 January 2010

1/13/2010 9:47:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• HIP lead indicator up in December;
• more CMBS loan restructuring questions answered;
• Starwood to add 12,000 jobs in 2010;
• Haiti hit by devastating earthquake; and
• U.S. trade deficit up in November.

Hersha commences on 35-million-share offering

1/13/2010 9:28:00 AM

Philadelphia-based company plans to use procees to acquire two hotels in New York City.

Orient-Express prices 12 million shares at US$10 each

1/13/2010 9:23:00 AM

Deutsche Bank and Barclays Capital act as underwriters for the offering, which is expected to close next week.

Orient-Express to buy two hotels in Italy

1/13/2010 9:13:00 AM

Hotel group to acquire hotels in Sicily as it increases its offerings in Italy. The properties are expected to be rebranded in time for the 2010 summer season.

Carlson sees more growth for Regent brand

1/13/2010 9:00:00 AM

Luxury brand announces plans to expand to India as part of global expansion plan.

Fairmont Hotels & Resorts to open seven new hotels in 2010

1/13/2010 8:52:00 AM

With a number of hotels in its development pipeline, Fairmont Hotels & Resorts remains committed to growing its extraordinary collection of luxury hotels. Throughout 2010, Fairmont will open seven distinctive new hotels in growing markets around the globe.

IHG, Choice expect expansion in Caribbean

1/13/2010 8:45:00 AM

Companies plan to add converted properties to their portfolios in the region as 2010 unfolds.

Secrets to credit-card processing savings

1/13/2010 8:41:00 AM

Downgrades and reclassifications can add to interchange fees. Examine your statements carefully for ways to save.

Graves 601 Hotel in Minneapolis joins Wyndham Hotels & Resorts

1/13/2010 8:37:00 AM

Wyndham Hotels and Resorts and Graves Hospitality Corporation today announced that the 255-room, 21-story Graves 601 Hotel, a luxury, AAA Four Diamond hotel in the heart of Minneapolis, has joined the exclusive Wyndham Grand Collection of hotels.

8 FAQs of CMBS loan restructuring (Part 2)

1/13/2010 8:33:00 AM

Working with a special servicer to unwind and workout CMBS hotel loans is fraught with complexities. Here is the second half of eight frequently asked questions and answers about this tricky issue.

Hotel Industry Pulse growth rate improves in December

1/13/2010 8:19:00 AM

HIP’s six-month growth rate jumps to 1.9 percent compared with minus 6.8 percent in November.

Dubai: Market Snapshot

1/13/2010 7:58:00 AM

Dubai shows some signs of weakness, but still has some positive attributes as it tries to survive the economic downturn.

VT Channel: the billboard effect

1/12/2010 11:19:00 AM

In this first episode of the season, Chris Anderson, Assistant Professor at the Cornell School of Hotel Administration shares the results of a research study “The Billboard Effect” conducted in partnership with JHM Hotels and Expedia.

5 things to know: 12 January 2010

1/12/2010 10:11:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• U.S. pipeline continues to decline;
• swell of CMBS loans fraught with complexities;
• CBRE survey sheds light on 2009 hotel transactions;
• U.S. expects boost in foreign investment in 2010; and
• Hyatt expands reach in major cities.

FOMC sees economic growth outlook strengthening

1/12/2010 9:50:00 AM

The Federal Open Market Committee anticipates the recovery will strengthen in 2010 and 2011, supported by further improvement in financial conditions and household balance sheets, among other signs of improvement.

8 FAQs of CMBS loan restructuring (Part 1)

1/12/2010 9:36:00 AM

The complexities of pursuing and securing a restructuring with CMBS debt often are far greater than hotels with other forms of financing. Here are the first four answers to eight frequently asked questions about this tricky issue.

Starwood plans to add 12,000 new jobs this year

1/12/2010 9:29:00 AM

The majority of the new jobs will be created through the 80 to 100 new hotels Starwood and its development partners are slated to open globally in 2010.

The key to your 2010 business plan? Make it a living document

1/12/2010 9:28:00 AM

We have to use our annual plans as living documents, not as an exercise that produces a binder that sits on the shelf and gathers dust all year.

Increased foreign investment expected in US in 2010

1/12/2010 9:28:00 AM

A weakened U.S. dollar, inflation fears and the need to cast a wider net to find suitable investments during the economic crisis all are factors that are likely to introduce more foreign capital to the U.S., hotel industry experts said.

Fairmont to open seven hotels in 2010

1/12/2010 9:26:00 AM

The five newly developed and two restored properties span the globe, including locations in London and South Africa.

STR reports US hotel pipeline for December 2009

1/12/2010 8:28:00 AM

The total active U.S. hotel development pipeline includes 3,829 projects comprising 401,090 rooms, according to the December 2009 STR/TWR/Dodge Construction Pipeline Report.

STR reports Canada hotel pipeline for December 2009

1/12/2010 7:54:00 AM

The Canadian hotel development pipeline includes 214 projects comprising 23,384 rooms, according to the December 2009 STR/TWR/Dodge Construction Pipeline Report released this week.

Rezidor opens first Radisson Blu property in Madrid, Spain

1/12/2010 7:00:00 AM

The 54-room boutique Radisson Blu Hotel, Madrid Prado, offers a spa, a conference area, a bar and a specialty grill.

HEI receives Corporate Energy Management award

1/11/2010 1:06:00 PM

HEI Hotels & Resorts has received the prestigious Corporate Energy Management award from the Association of Energy Engineers at the 32nd World Energy Engineering Congress 2009.

Fairwood Capital acquires Hampton Inn & Suites Memphis Beale Street

1/11/2010 1:02:00 PM

Fairwood Capital, LLC, a real estate investment firm focusing on hospitality assets, today announced the acquisition of the 144-room Hampton Inn & Suites Memphis Beale Street for an undisclosed amount from Peabody Place Hotel Company.

JLLH announces sale of Greensboro Ashford Suites

1/11/2010 12:59:00 PM

Jones Lang LaSalle Hotels’ select-service division announces sale of Ashford Suites hotel in Greensboro, North Carolina.

5 things to know: 11 January 2010

1/11/2010 10:32:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Hotel transactions headed for a rebound;
• Fitch: Hotel sector’s delinquency rate is 9.13 percent;
• tourism among policy responsibilities in Lisbon Treaty;
• European rates down 12 percent, reports trivago; and
• U.K. travel executives optimistic about travel in 2010.

Property Promotions: 11 January 2010

1/11/2010 10:14:00 AM

Start the new year with a new arsenal of marketing ideas. Here are a few proven promos to get you started.

Will hotel investment activity reignite in 2010?

1/11/2010 10:00:00 AM

As 2009 produced few hotel transactions, the investment community and potential buyers gear up for what they hope is a busier 2010.

Fitch: US CMBS delinquencies up 42bps; peak not until 2012

1/11/2010 8:56:00 AM

Rising defaults among all property types led to a 42 basis point increase in U.S. CMBS delinquencies to close out 2009 at 4.71 percent, according to the latest Loan Delinquency Index results from Fitch Ratings.

Amanfayun opens in Hangzhou, Amanresorts' second resort in China

1/11/2010 8:20:00 AM

Amanresorts has announced the opening of Amanfayun in Hangzhou, one of China's most beautiful cities admired for its graceful pagodas, gardens and tea plantations.

Providence Group to manage Regency Lodge in Omaha, Nebraska

1/11/2010 8:17:00 AM

The Providence Group, LLC, a Massachusetts-based full service hospitality management company, has been engaged to manage The Regency Lodge, a 145-room property in greater Omaha, Nebraska.

Lane Hospitality awarded two management contracts

1/11/2010 8:10:00 AM

Lane Hospitality of Northbrook, IL announced its appointment by Florida-based Florida Capital Land Corporation as the new management company for the 100-room Hilton Garden Inn in Lexington, Kentucky and the 128-room Holiday Inn Express & Suites in Shelton, Connecticut.

Sins of the past

1/10/2010 10:45:00 PM

CityCenter, Burj Khalifa and Rose Rayhaan remind us of the days when money flowed more freely.

Tourism on agenda of European Union's Lisbon Treaty

1/10/2010 10:27:00 PM

For the first time, tourism was addressed in a treaty among the policy responsibilities of the Union’s institutions.

America's Best Franchising grows 30 percent in 2009

1/9/2010 8:58:00 PM

The company now operates 251 properties, with a total of 16,700 rooms, under its four upper economy hotel brands.

Due diligence for large projects can't predict the future

1/8/2010 9:40:00 AM

Hours are spent poring over numerous reports prior to the opening of a large-scale project, but as Dubai has shown, there’s not necessarily an accounting for every potential outcome.

Stock roundup: Choice, Marriott, Sunstone

1/8/2010 8:58:00 AM

HotelNewsNow.com recaps the performances of hotel-related stocks as they are announced during each quarter. Following is the update for Choice Hotels International, Marriott International and Sunstone Hotel Investors.

5 things to know: 8 January 2010

1/8/2010 8:48:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Marriott improves 4Q RevPAR guidance;
• Sunstone forfeits 13 hotels;
• U.S. unemployment rate held at 10.0 percent;
• Hampshire to invest in Indian development; and
• Viceroy gets JP Morgan investment.

STR reports US performance for week ending 2 January 2010

1/8/2010 8:37:00 AM

The U.S. hotel industry reported increases in occupancy and revenue per available room during the week 27 December 2009-2 January 2010, according to data from STR.

8 tips to manage, turnaround, and sell distressed hotels

1/8/2010 8:37:00 AM

Here are a few tips to aid in the tricky hotel turnaround process.

Geller on value, recovery and ... Kinsey?

1/8/2010 8:11:00 AM

The boisterous Laurence Geller is never one to mince words. During a recent industry event, he discussed a range of topics, from the industry recovery to the controversial Kinsey sex reports.

Sunstone updates RevPAR, plans to deed back 13 hotels

1/8/2010 7:33:00 AM

The company says it will deed back three hotels, and that revenue per available room is down 14.5 percent for the quarter, and down 18.5 percent for the year.

Marriott updates Q4 RevPAR guidance

1/8/2010 7:13:00 AM

Marriott says revenue per available room is expected to decrease between 14 percent and 16 percent in the fourth quarter.

Blog: A ray of hope for hotel performance

1/7/2010 10:15:00 AM

Positive growth in the last week of 2009 should give hoteliers a much-needed confidence boost.

5 things to know: 7 January 2010

1/7/2010 10:08:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• STR’s December prelim numbers down;
• STR weekly results: first double-metric increase in more than a year;
• California hotel foreclosures up 313 percent in 2009;
• hotel lending remains scarce; and
• Interstate deal points to improved transactions market.

California hotel foreclosures up 313 percent in 2009

1/7/2010 9:43:00 AM

An Atlas Hospitality Group study found that the number of California hotels that are in default or have been foreclosed on increased substantially during 2009.

5 things to know: 7 January 2010

1/7/2010 9:40:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• STR’s December prelim numbers down;
• STR weekly results mark first double-metric increase in more than a year;
• hotel lending remains scarce;
• Interstate deal points to improved transactions market; and
• U.S. unemployment claims up for the week.

STR reports Canada performance for week ending 2 January 2010

1/7/2010 8:39:00 AM

In year-over-year measurements, occupancy decreased 2.0 percent to 39.3 percent, ADR decreased 4.8 percent to CAD$117.07, and RevPAR decreased 6.6 percent to CAD$46.05.

Hotel lending remains scarce

1/7/2010 8:35:00 AM

Bankers are focusing on the safest deals as the hotel sector continues to struggle through the downturn.

Analysts applaud Interstate deal

1/7/2010 8:32:00 AM

Will Marks and David Loeb give a thumbs-up to the pending acquisition of Interstate Hotels & Resorts and believe it could be the start of a M&A trend.

STR: US hotel weekly results end year on positive note

1/7/2010 7:48:00 AM

The U.S. hotel industry reported increases in occupancy and RevPAR in year-over-year measurements for the week ending 2 January 2010, according to data from Smith Travel Research.

5 things to know: 6 January 2010

1/6/2010 9:53:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• WSJ: Blackstone buys into Highland Hospitality debt;
• build them fast to get brand ramp-up;
• U.S. employment decreases slow in December;
• Choice expects RevPAR loss to slow in 2010; and
• San Francisco’s hotel union battles continue.

Joyce: Choice EPS will be essentially flat in 2010

1/6/2010 9:28:00 AM

During a mid-quarter update with analysts, Choice’s CEO Stephen P. Joyce said he expects EPS to be flat in 2010, but RevPAR should improve.

Ace Hotel Group: From economy to extravagant

1/6/2010 9:15:00 AM

Like an ace in a deck, rooms in the four-hotel portfolio of this stylish boutique management group range from low- to high-end. The common thread? A healthy dose of personality.

How long does it take for a new brand to ramp up?

1/5/2010 4:13:00 PM

With the opening and announcement of new brands such as Element, Home2Suites and Andaz during the past few years, Smith Travel Research has been asked how long it takes for a brand to “ramp up” to its fair share of performance.

While Congress debates, employers can save

1/5/2010 3:55:00 PM

There are opposing forces at work that are confounding attempts to forecast 2010 employer health care budgets in the hospitality industry. Let’s consider a few and what you can do to address them.

5 things to know: 5 January 2010

1/5/2010 10:35:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Deloitte: London saw 4Q RevPAR growth;
• Burj Dubai is now Burj Khalifa;
• Genting Singapore begins opening 20 January;
• US$24-billion suit filed against Credit Suisse, Cushman & Wakefield; and
• Ashford gets refi on Arizona resort.

Ashford Hospitality refinances Arizona Hilton

1/5/2010 9:52:00 AM

The refinancing of its $19.74 million loan secured by the Hilton El Conquistador Hotel and Country Club in Tucson, Arizona, brings the company to a total of $285 million in new loans and/or restructures completed in 2009.

Looking back and ahead

1/5/2010 8:58:00 AM

Columnist Joel Ross takes a look back at predictions he made throughout the year and what challenges lie ahead in 2010.

London hotels post RevPAR growth in 4Q 2009

1/5/2010 8:43:00 AM

Hotels in London saw RevPAR rise out of the red during the final quarter of 2009, up 5.5 percent to £110 (US$178), according to Deloitte.

China's ski industry investors are on a slippery slope

1/5/2010 8:35:00 AM

While the volume of annual skier visits has exhibited strong growth over the past several years in China, there still are several reasons to remain level-headed about the potential for big profits in the near future.

Technology is just an app away

1/5/2010 8:27:00 AM

HEDNA conference panelists look to the future of technology in the hotel industry and see plenty of opportunities, as long as guests' needs are given top priority.

Luxury development: Waiting in the wings

1/5/2010 7:59:00 AM

There’s almost nothing being built in the highest segment of the hotel industry, but when luxury development picks up, look for residential mixed-use to again appear on the scene.

5 things to know: 4 January 2010

1/4/2010 10:24:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• STR Analytics: Cap rates get stronger in 2009;
• Burj Dubai opens today;
• revenue management for the upturn;
• new features on HotelNewsNow.com; and
• Pakistan offers free roomnights to boost tourism.

REIT cap rates end on a low (strong) note

1/4/2010 9:29:00 AM

Hotel lodging real-estate investment trusts end the year 50 percent (600+ basis points) stronger than March figures.

5 questions every revenue manager should be asking

1/4/2010 9:03:00 AM

It could take up to 10 years to get room rates back to 2007 levels. As the economic upturn approaches, how can revenue managers speed up that recovery? Here are a few questions to ask to get started.

Interstate, JHM joint venture signs first Indian management deal

1/4/2010 8:06:00 AM

The third-party management contract inked in Vizag, India, likely won’t be the last such deal for the nearly two-year-old joint venture.

HotelNewsNow.com will be closed 1 January 2010

12/31/2009 8:55:00 AM

Happy New Year! The HotelNewsNow.com staff will resume publication of the Daily Update on Monday 4 January.

5 things to know: 31 December 2009

12/31/2009 8:51:00 AM

From the desks of the HotelNewsnow.com editorial staff:
• Smith Travel Research reports U.S. weekly performance;
• Canada weekly performance data released by STR;
• international packaged travel deals expected to grow in 2010;
• weekly U.S. jobless claims drop by 22,000; and
• Hotel Check-In blogger issues hotel resolutions.

Stock update: Morgans Hotel Group

12/31/2009 8:38:00 AM

HotelNewsNow.com recaps the performances of hotel-related stocks as they are announced during each quarter. Following is the update for Morgans Hotel Group.

Marketing articles that defined 2009

12/31/2009 8:05:00 AM

For the weeks of 21 December and 28 December and in addition to news coverage, HotelNewsNow.com will feature its most popular articles of 2009 as decided by you, our readers. Each day will feature a different topic, so check your inbox daily for our version of the year in review.

STR reports Canada performance for week ending 26 December

12/30/2009 1:38:00 PM

In year-over-year measurements, the industry’s occupancy decreased 12.0 percent to 27.2 percent, ADR decreased 6.6 percent to CAD$105.57, and RevPAR decreased 17.8 percent to CAD$28.76.

STR reports US performance for week ending 26 December 2009

12/30/2009 1:23:00 PM

In year-over-year measurements, the industry’s occupancy fell 5.4 percent to 33.8 percent, ADR dropped 8.0 percent to US$85.78, and RevPAR decreased 13.0 percent to US$29.02.

5 things to know: 30 December 2009

12/30/2009 8:18:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Americans to travel less in 2010, new poll finds;
• world’s tallest building set to open;
• Ramee Group to add 1,220 rooms in 2010;
• a look back at the decade’s most important hotel openings; and
• Las Vegas again is top New Year’s Eve destination.

Looking ahead to 2010 business mix

12/30/2009 8:11:00 AM

As hotel operators and analysts begin to question the industry outlook in the year ahead, business-mix performance could hold some answers.

Directions articles that defined 2009

12/30/2009 7:55:00 AM

For the weeks of 21 December and 28 December and in addition to news coverage, HotelNewsNow.com will be featuring its most popular articles of 2009 as decided by you, our readers. Each day will feature a different topic, so check your inbox daily for our version of the year in review.

Mumford Company completes 33rd Hotel sale

12/29/2009 8:54:00 AM

Mumford Company recently completed the sale of the Port Wentworth, GA Country Inn and Suites Savannah on behalf of SMS Hotels, Inc.

Revenue Management articles that defined 2009

12/29/2009 8:39:00 AM

5 things to know: 29 December 2009

12/29/2009 8:34:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• STR Global reports global hotel performance;
• 500 best hotels, according to Travel + Leisure;
• Orbitz promotes discounts in excess of 50 percent;
• Orient-Express buys hotel for US$7 million; and
• Obama orders increased airport security.

STR Global releases Middle East/Africa results for November 2009

12/28/2009 4:03:00 PM

The region’s occupancy dropped by 8.2 percent to 68.1 percent; average daily rate increased 2.2 percent to US$178.28; and revenue per available room decreased 6.3 percent to US$121.49.

STR Global reports Americas performance results for Nov. 2009

12/28/2009 3:59:00 PM

In year-over-year comparisons, occupancy for the region dropped 4.4 percent to 50.2 percent; average daily rate declined 7.1 percent to US$95.42; and revenue per available room decreased 11.2 percent to US$47.86.

STR Global posts November 2009 increases for Asia/Pacific region

12/28/2009 3:51:00 PM

In year-over-year measurements, the Asia/Pacific region’s occupancy grew by 2.2 percent to 68.0 percent; average daily rate increased by 1.2 percent to US$129.46; and revenue per available room jumped 3.4 percent to US$88.05.

STR Global posts November 2009 results for Europe

12/28/2009 3:41:00 PM

The European hotel industry posted mixed preformance in year-over-year results when reported in U.S. dollars, euros and British pounds for November 2009, according to data compiled by STR Global.

5 things to know: 28 December 2009

12/28/2009 10:21:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• France updates star rankings;
• Trepp: U.S. hotels experience five times more distress than 2008;
• Yarrow hotel in Utah to be auctioned;
• NH Hoteles shareholders combine stakes; and
• Lemon Tree Hotels outlines expansion through 2013.

Sol Melia to open two hotels in Colombia, one in Portugal

12/28/2009 8:45:00 AM

The three properties add 701 guestrooms to the company's portfolio.

Finance articles that defined 2009

12/28/2009 8:35:00 AM

The state of luxury

12/23/2009 12:08:00 PM

In case you didn’t already know, luxury has changed. HotelNewsNow.com contributer John Walsh investigates the changing definition of luxury, how the segment has been impacted amid the fallout of AIG, and the state of development throughout the globe.

5 things to know: 23 December 2009

12/23/2009 9:24:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Weekly U.S. hotel industry numbers show some stabilization;
• OTAs file suit in NYC, win battle in Kentucky;
• rates up for Wall Street travelers;
• LV Sands' Macau projects to resume construction in first half 2010; and
• Wyndham O’Hare to close its doors on or about 1 January.

STR reports US performance for week ending 19 December

12/23/2009 9:06:00 AM

Weekly results for the three major performance measurements are among the best of the year despite finishing in negative territory.

HotelNewsNow.com will be closed 24-25 December

12/23/2009 7:50:00 AM

The HotelNewsNow.com offices will be closed 24-25 December for the Christmas holiday. Publication of the HotelNewsNow.com Daily Update e-newsletter will resume Monday, 28 December.

Research articles that defined 2009

12/23/2009 7:47:00 AM

Interstate's growth potential, operations attract Thayer

12/22/2009 3:41:00 PM

Thayer Lodging COO Bruce Wiles said his company brings capital structure, strategic guidance to the table as a 50-50 partner in a joint venture to acquire Interstate Hotels & Resorts.

5 things to know: 22 December 2009

12/22/2009 9:52:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Hotel Industry Leading indicator up for eighth consecutive month;
• U.S. monthly hotel numbers still in the red;
• PhoCusWright: Online travel to account for one-third of European travel market;
• U.S. GDP revised lower; and
• U.S. home sales increase in November.

Erin Andrews case could have greater impact on hotel industry

12/22/2009 9:42:00 AM

Andrews plans to seek civil remedies against hotels and related parties involved, push for stronger laws against what her stalker did, and advocate for changes in all hotels that would protect the traveling public.

Videos that defined 2009

12/22/2009 8:25:00 AM

Atlanta’s SEC title game brings record occupancy this year

12/22/2009 8:15:00 AM

The economy might be down, but attendance was up for this year’s showdown between then No. 1-ranked Florida and No. 2-ranked Alabama.

STR reports US performance for November 2009

12/22/2009 8:12:00 AM

In year-over-year measurements, the industry’s occupancy fell 4.3 percent to 49.5 percent, ADR dropped 8.3 percent to US$93.60, and RevPAR decreased 12.3 percent to US$46.33.

Hotel Industry Leading Indicator shows promise

12/22/2009 7:52:00 AM

HIL went up 1.4 percent in November—the eighth consecutive month of increase for the indicator.

5 things to know: 21 December 2009

12/21/2009 10:06:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Rigorous supply growth could stifle U.S. extended-stay recovery;
• CityCenter might help Vegas more than many people think;
• Hyatt and DB Hospitality sign US$1.18-billion deal;
• Wyndham adds four resorts in Mexico; and
• Hilton hits the big screen.

Fear and growing in Las Vegas

12/21/2009 9:28:00 AM

Sin City has been hit harder than most—if not all—markets during the past 18 months. Adding 10,000 rooms to an already bloated inventory isn’t going to help in the short term, but that won’t matter a couple of years from now.

Extended-stay recovery could be stifled by steep supply growth

12/21/2009 9:10:00 AM

The extended-stay segment’s supply growth in 2009 is expected to be 7 percent. As a result, the decline in occupancy is projected to be similar to that for all U.S. hotels.

Market Reports that defined 2009

12/21/2009 8:42:00 AM

CityCenter associates sound off on project's challenges

12/18/2009 2:35:00 PM

What were the biggest challenges while opening CityCenter? Just ask the project's front-line associates.

Stock update: Accor, Host, Hyatt, LaSalle and Whitbread

12/18/2009 10:13:00 AM

HotelNewsNow.com recaps the performances of hotel-related stocks as they are announced during each quarter. Following is the update for Accor SA, Host Hotels & Resorts, Hyatt Hotels and Resorts, LaSalle Hotel Properties, and Whitbread PLC.

Interstate to be acquired by Thayer, Jin Jiang joint venture

12/18/2009 8:58:00 AM

The deal is valued at about US$307 million. Hotel Acquisition Company will acquire all Interstate shares for US$2.25 a share in an all-cash transaction.

IHG opens new InterContinental Hotel in Paris

12/18/2009 8:46:00 AM

IHG has opened the 55-room InterContinental Paris Avenue Marceau.

STR reports US performance for week ending 12 December 2009

12/18/2009 8:04:00 AM

In year-over-year measurements, the industry’s occupancy fell 2.9 percent to 48.1 percent, ADR dropped 5.9 percent to finish at US$96.04, and RevPAR decreased 8.6 percent to US$46.22

Blog: CityCenter associates sound off on project's challenges

12/18/2009 7:54:00 AM

What were the biggest challenges while opening CityCenter? Just ask the project's front-line associates.

5 things to know: 18 December 2009

12/18/2009 12:00:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Interstate to be acquired by joint venture between Thayer Lodging Group and Jin Jiang Hotels;
• global hotel transaction volume to increase by 20 percent to 40 percent in 2010, JLLH says;
• luxury spas still hurting in Q3, according to Spa STAR data;
• Sahara closes two hotel towers in Las Vegas; and
• new computer game could provide hours of hotelier enjoyment.

Luxury hotel spas feel recession's pinch

12/17/2009 4:29:00 PM

Luxury spa participants in the Spa STAR performance report continued to show declining performance metrics through the third quarter of 2009, according to data released by STR.

American Express BTM shows signs travelers are returning

12/17/2009 4:01:00 PM

American Express Business Travel, released third quarter data and analysis from its Business Travel Monitor (BTM) North America. Modest airfare increases were seen and travelers appear to be moving back to the front of the plane, showing positive signs companies may likely be feeling more optimistic about the economy.

Strategic signs deal to sell Renaissance Paris hotel

12/17/2009 11:24:00 AM

Agreement for the 116-room property is completed with an investment group led by Westmont Hospitality. The value of the deal is for US$51.5 million.

Murren, execs lend insight into Harmon blame game

12/17/2009 10:46:00 AM

Marred by construction errors that delayed its opening and canceled a 200-room condominium component, the Harmon Hotel is one component of CityCenter that wasn’t part of the grand opening festivities. So who’s to blame?

CityCenter grand opening: obstacles and successes

12/17/2009 10:36:00 AM

During a grand opening press conference Wednesday, MGM Mirage’s Jim Murren and other leaders involved with CityCenter discussed the challenges that were overcome during development of one of the world’s largest privately funded construction projects.

5 things to know: 17 December 2009

12/17/2009 10:02:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• CityCenter adds 6,300 rooms to Vegas, Harmon Hotel delayed until late 2010;
• weekly U.S. hotel industry numbers continue decline, but at a smaller rate;
• STR Global hotel pipelines released for Mexico, Caribbean, Central/South America;
• Epic Hotel might be off the hook for Legionnaire’s; and
• hotel in India could be shut down for allowing alias.

New Orleans tops increases in STR weekly numbers

12/17/2009 8:38:00 AM

New Orleans, Louisiana, experienced the largest increases in all three key measurements for the week ending 12 December, 2009, according to data from Smith Travel Research.

STR reports Canada performance for week ending 12 December

12/17/2009 8:08:00 AM

In year-over-year measurements, the industry’s occupancy decreased 3.9 percent to 52.0 percent, ADR increased 3.1 percent to CAD$119.02, and RevPAR decreased 0.9 percent to CAD$61.93.

STR Global reports Nov. 2009 Central and South America pipeline

12/17/2009 7:59:00 AM

The Central/South America hotel development pipeline includes 131 projects with 19,929 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

STR reports Caribbean and Mexico pipeline for November 2009

12/17/2009 7:46:00 AM

The Caribbean/Mexico hotel development pipeline includes 131 hotels comprising 18,291 rooms, according to the November 2009 STR Construction Pipeline Report released this week.

Immigration reform must include relief for seasonal employers

12/16/2009 4:24:00 PM

The H-2B Workforce Coalition believes that it is important for Congress to address comprehensive immigration reform, including much needed relief for many seasonal industries that use the H-2B program to supplement their year-round domestic work force during peak seasons when too few American workers are available.

JLLH predicts rise in global deal volume for 2010

12/16/2009 12:22:00 PM

Company forecasts 20-percent to 40-percent jump in number of hotel transactions during 2010.

Etap brand opens 400th hotel in Europe

12/16/2009 11:47:00 AM

Since 2004, the brand owned by Accor has opened 100 hotels to bring its total room count to 34,000.

5 things to know: 16 December 2009

12/16/2009 10:11:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• STR Global releases worldwide pipeline data;
• Accor demerger will allow more focus;
• commercial real estate feeling the stress;
• U.S. housing starts show increase; and
• Travel Promotion Act is on slow track.

Home2 Suites breaks ground on first hotel

12/16/2009 9:00:00 AM

Home2 Suites by Hilton, the mid-tier, extended-stay hotel chain targeting value-wise business and leisure travelers, broke ground on its first hotel, the 119-room Home2 Suites by Hilton Fayetteville, North Carolina.

2010 Hotel Data Conference sets schedule

12/16/2009 8:47:00 AM

STR's 2010 Hotel Data Conference will be held 4-5 August, 2010, in Nashville, Tennessee. The two-day conference is a unique and valuable opportunity to gain insight into the current operating environment and performance outlook for the hotel industry.

STR Global reports Europe pipeline for November 2009

12/16/2009 8:41:00 AM

The Europe hotel development pipeline includes 577 hotels comprising 97,266 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

Four questions to ask when evaluating management companies

12/16/2009 8:03:00 AM

The long-term track record, franchisor relationships, depth of talent and culture of your management partner are keys to the success of your hotel.

STR Global reports Middle East/Africa pipeline for November 2009

12/16/2009 7:57:00 AM

The Middle East/Africa hotel development pipeline includes 441 hotels comprising 119,560 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

STR Global reports Asia/Pacific pipeline for November 2009

12/16/2009 7:51:00 AM

The Asia/Pacific hotel development pipeline includes 975 hotels comprising 232,680 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

Accor's demerger will allow more focus

12/16/2009 7:48:00 AM

The company will spin off its hotels and prepaid services divisions into separate, listed companies in an effort to grow the businesses.

VFM Leonardo to distribute Motel 6's videos

12/15/2009 8:16:00 PM

North American operator of more than 1,000 hotels selects VFM Leonardo for distribution of videos for 142 Motel 6 properties.

Accor approves demerger

12/15/2009 1:49:00 PM

Reviews carried out by senior management showed that the demerger would enable the hotels and prepaid services businesses to step up their pace of growth.

Italian F&B providers evaluating business models

12/15/2009 9:36:00 AM

F&B was under the spotlight this year at Italy’s Gourmet Hotels Collection. Chefs are thinking up new ways to add value to their establishments.

5 things to know: 15 December 2009

12/15/2009 9:28:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• CEO turnover down more than 50 percent, says HVS;
• hotels lure guests with restaurant promotions;
• shoppers redeem loyalty points for gifts rather than overnight stays;
• Houston tops rate declines in Hotwire’s rate report; and
• BA flight attendants on strike this Christmas.

Oh, the tangled web Dubai World wove

12/15/2009 8:36:00 AM

How many hotel investments does Dubai World have? Your guess might be as good as the company’s.

Cooking up restaurant promotions

12/15/2009 7:18:00 AM

The holidays are a perfect time for creative F&B deals for guests and locals alike.

PKF projects accelerated recovery for US hotel industry

12/14/2009 1:54:00 PM

Improving industry data for such key indicators as occupancy, RevPAR, and demand suggest the recovery will arrive a full quarter earlier than the firm expected in September 2009.

Property promos: 14 December 2009

12/14/2009 10:39:00 AM

Creative marketing ideas are never in short supply. Here are some hand-picked business boosters along with results.

Property promos: 14 December 2009

12/14/2009 10:28:00 AM

Creative marketing ideas are never in short supply. Here are some hand-picked business boosters along with results.

5 things to know: 14 December 2009

12/14/2009 10:19:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• HIP not so hot in November;
• STR releases preliminary U.S. November results
• Dubai World gets US$10-billion lifeline from Abu Dhabi;
• PKF releases revised forecast; and
• Colony Capital could determine Accor’s fate.

Fast-growing Vantage seeks more expansion

12/14/2009 9:33:00 AM

Company plans to continue its aggressive growth pattern for the Americas Best Value Inn and Lexington brands while adding a few new wrinkles in 2010.

Hotel Industry Pulse shows setback in November

12/14/2009 9:04:00 AM

HIP's six-month growth-rate worsened from the previous month, with a reading of negative 9.3 percent compared with negative 8.7 percent in October.

Maximize return through Web analytics

12/14/2009 8:23:00 AM

The travel industry needs to spend an equal amount of time not just driving customers to Web sites but keeping them there to seal the deal.

5 things to know: 11 December 2009

12/11/2009 9:47:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Accor expected to approve demerger 15 December;
• Smith Travel Research reports U.S. hotel pipeline for November;
• Fidelity buys US$126-million stake in Hyatt;
• MGM Mirage entering Indian market; and
• Marriott developing an environmentally friendly way to help hotels through LEED process.

STR reports US performance for week ending 5 December 2009

12/11/2009 9:33:00 AM

In year-over-year measurements, the industry’s occupancy fell 4.9 percent to 47.6 percent, ADR dropped 7.3 percent US$96.25, and RevPAR decreased 11.9 percent to US$45.86.

Flexibility, incentives help hotels book during slow months

12/11/2009 9:28:00 AM

Hoteliers and consultants stress the importance of not cutting room rates, but adding value.

Stock update: Chesapeake, Pebblebrook, Pyramid and Starwood

12/11/2009 9:16:00 AM

HotelNewsNow.com recaps the performances of hotel-related stocks as they are announced during each quarter. This is the update for Chesapeake Lodging Trust, Pebblebrook, Pyramid Hotels & Resorts and Starwood Hotels & Resorts Worldwide.

STR reports US pipeline for November 2009

12/11/2009 8:56:00 AM

The total active U.S. hotel development pipeline includes 3,939 projects comprising 417,412 rooms, according to the November 2009 STR/TWR/Dodge Construction Pipeline Report released this week.

Sol Melia to manage to manage Tryp Melilla Puerto

12/10/2009 1:31:00 PM

CBRE Hotels Spain selected an operator for the Melilla Puerto Hotel in Melilla, Spain. The 139-bedroom hotel will be managed by Sol Meliá from January 2010 onwards and will be renamed as Tryp Melilla Puerto.

Dubai World's default could hinder industry's recovery

12/10/2009 8:57:00 AM

If representatives from Dubai World and its lenders are unable to work out a modification of US$26 billion of the company’s debt, it could further choke off a supply of capital for hotel owners and developers, some in the industry believe.

5 things to know: 10 December

12/10/2009 8:49:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• LE reports Asia Pacific pipeline;
• PATA: International visits to Asia Pacific are up;
• Host Hotel & Resorts could sell up to US$403 million in mixed securities;
• European hotel rates continue to decline, says trivago’s Hotel Price Index; and
• Orbitz climbing up Hitwise’s list of most-visited travel sites.

Social media affects electronic distribution

12/10/2009 8:40:00 AM

Panelists tell HEDNA meeting attendees that monitoring and acting upon what’s being said online about a hotel or brand is an important step in having a full electronic distribution plan.

Luxury leads occupancy increases in STR weekly numbers

12/10/2009 8:27:00 AM

In year-over-year measurements, the industry’s occupancy fell 4.9 percent to 47.6 percent, ADR dropped 7.3 percent to US$96.25, and RevPAR decreased 11.9 percent to US$45.86.

STR reports Canada hotel performance for week ending 5 December

12/10/2009 8:16:00 AM

The Canadian hotel industry posted declines in all three key performance measurements during the week of 29 November-5 December, according to data from STR.

Marriott to open 36 Fairfield Inns in Mexico

12/10/2009 8:01:00 AM

The deal, which is Marriott's largest multiunit development agreement ever, whill triple the company's lodging portfolio in the country.

Why now may be the time to renovate

12/10/2009 8:01:00 AM

Hoteliers looking ahead to the recovery should make the effort now to ensure they have a fresh property to offer guests when the economy turns around.

Leven’s common-sense lessons always make you think

12/10/2009 7:49:00 AM

Hotel industry icon’s address at the Vantage Hospitality conference demonstrates why he is one of the most respected people in the hotel industry—and now the gaming industry.

After delisting, how much longer can the magic go on?

12/9/2009 4:37:00 PM

Hotels in Columbus, Georgia, have done a decent job holding up their numbers since being delisted by the OTAs. But a recent study implies they might not be able to keep up the pace over the long term.

Marriott to triple presence in Mexico

12/9/2009 3:59:00 PM

Marriott signs deal for 36 Fairfield Inn & Suites hotels to be built in Mexico during the next 10 years.

Morgans provides update on Scottsdale hotel

12/9/2009 3:57:00 PM

Morgans Hotel Group announced it has not been able to reach an acceptable agreement with its lenders on a restructuring of the loans on its hotel in Scottsdale, Arizona, that would be in the best long-term interests of its shareholders.

LE releases third-quarter Asia Pacific Pipeline

12/9/2009 3:18:00 PM

With 1,841 projects comprising 438,451 rooms at the end of Q3, the Asia Pacific Pipeline is the second largest in the world.

tHPI December: Hotel rates continue to fall in December

12/9/2009 10:01:00 AM

European hotel prices are eight percent less than December 2008. In comparison to the previous month, overnight accommodation prices have decreased by four percent.

IHR adds England to international management portfolio

12/9/2009 9:47:00 AM

Interstate Hotels & Resorts announced that Harte Holdings, on behalf of Argyll Hotel Group, has awarded management contracts for three hotels in London to Interstate, marking the operator’s entry into one of the world’s great hotel cities.

Interstate Hotels & Resorts adds England to management portfolio

12/9/2009 9:42:00 AM

Interstate Hotels & Resorts announced that Harte Holdings, on behalf of Argyll Hotel Group, has awarded management contracts for three hotels in London to Interstate.

Thayer Lodging Group completes fifth investment fund

12/9/2009 9:35:00 AM

Thayer Lodging Group, a privately held, real estate investment company, closed the Thayer Hotel Investors V LP and a parallel fund, Thayer Hotel Investors V-A LP, with approximately US$280 million in equity commitments

5 things to know: 9 December 2009

12/9/2009 8:51:00 AM

From the desks of the HotelNewsNow.com editorial staff:
• Isthimar can’t hold on to Dubai World’s W Hotel Union Square;
• Chesapeake’s IPO disappears while Pebblebrook raises less than expected;
• Thayer Lodging Group raises US$280 million to buy hotels;
• Gansevoort South in Miami headed for foreclosure auction; and
• Marriott adds 38,000 rooms in 2009.

Worst may be over for Caribbean

12/9/2009 8:21:00 AM

The region’s long-term demand trend has moved in relative sync with its biggest feeder markets—the U.S. and Europe. Based on the 12-month moving average in October, Caribbean demand began to show signs of improvement.

Reading between the lines at the Travel Technology Conference

12/9/2009 7:56:00 AM