- All Latest News | USA & Canada
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External: Hard times send hotel industry into 'survival mode' | usatoday.com
Neil Cornelssen says he misses the free cookies in the evening at one hotel and the daily newspaper outside his door at others. He's also noticing that bath towels in a growing number of hotel rooms are shabby and need to be replaced. Cornelssen, a sales manager in Marlton, N.J., is one of many frequent travelers who say they see the tangible effect that the recession has had on the nation's hot...
- usatoday.com
- Friday, March 19 - 2010
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Chesapeake Lodging Trust Acquires Hyatt Regency Boston
Chesapeake Lodging Trust (NYSE: CHSP), a lodging real estate investment trust (REIT), and Hyatt Hotels Corporation (NYSE: H) announced that Chesapeake Lodging Trust has acquired the 498-room Hyatt Regency Boston for a purchase price of $112 million, or approximately $225,000 per key, and will invest additional capital in renovations in the hotel, which is located in Boston, Mass. The companies ha...
- Hyatt Hotels Corporation
- Friday, March 19 - 2010
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External: Economist: Worst is over, but still pain ahead | By Jeff Higley
The festive nature of St. Patrick’s Day provided a perfect backdrop for economist Rajeev Dhawan on Wednesday during the opening session of the 22nd annual Hunter Hotel Investment Conference. “A simple fact of life is that all hangovers are lousy,” Dhawan said as he explained the current global financial situation to the hotel-industry executives in attendance.
- HotelNewsNow.com (HNN)
- Friday, March 19 - 2010
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External: Starwood Capital Acquires Extended Stay For US$905m | wsj.com
Barry Sternlicht, best known for founding boutique W Hotels, has persuaded Extended Stay Inc. to back his bid to take the midpriced hotel chain out of bankruptcy-court protection. Earlier this month, Extended Stay had accepted a reorganization plan proposed by two investment firms, Centerbridge Partners LP and Paulson & Co. But the chain's board has switched support to the plan of a group led by...
- wsj.com
- Friday, March 19 - 2010
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HMC Announces Conversion of Holiday Inn Austin Midtown
Hospitality Management Corporation announced today the successful conversion of the Holiday Inn Austin Midtown. The announcement comes from Leo Spriggs, President of HMC, “We are excited about the opportunity this hotel has to offer Austin and the name recognition Holiday Inn will bring to the property. With the current unprecedented economic and travel environments, Austin’s newest, full-service...
- Hospitality Management Corporation (HMC)
- Friday, March 19 - 2010
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Cornell Hospitality Research Summit Invites Research Presentations
Researchers in both industry and academe are invited to submit proposals for presentations for the inaugural Cornell Hospitality Research Summit (CHRS), scheduled for October 6-8, 2010, at the School of Hotel Administration on the beautiful Cornell campus in Ithaca, New York. Created and organized by the Cornell Center for Hospitality Research, this "thought leadership" summit will feature keynot...
- The Center For Hospitality Research (CHR) at The Cornell School Of Hotel Administration
- Friday, March 19 - 2010
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Cendyn Increases Online Business for Galt House Hotel with Advanced Website Design and Marketing
Cendyn, the leading single-source provider of turnkey online marketing solutions that increase profitability for multi-property hotel companies and large independent hotels, announced the successful completion of its comprehensive web platform redesign for the Galt House Hotel in Louisville, Kentucky. Cendyn, which developed an entirely new website and internet marketing plan for the Galt House, ...
- Cendyn
- Thursday, March 18 - 2010
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Hotel Industry Pulse index edges upward
The Hotel Industry Pulse Index (HIP) posted a slight recovery in February, according to economic research firm e-forecasting.com in conjunction with STR. After edging down 0.5 percent in January, HIP improved 1.3 percent in February.
- Smith Travel Research
- Thursday, March 18 - 2010
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Best Western Business Travel Advisory Board Finds Increase in Business Trips, New Growth Opportunities in 2010
Results from a new survey of unmanaged business travelers in Best Western’s loyalty program, Best Western Rewards®, provide further indication that the effects of the recession are easing and that more people plan to hit the road for business again in 2010.
- Best Western International, Inc.
- Thursday, March 18 - 2010
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Aloft Hotels Eyes Global Expansion in 2010: Openings Includes Brussels, Bangalore – and Brooklyn
After a year of tremendous growth that made it one of the fastest and most successful hospitality industry launches ever, Aloft® Hotels this week announced expansion plans for key global markets from Brussels to Bangalore – and one of Aloft’s first New York City properties, in downtown Brooklyn.
- Starwood Hotels & Resorts Worldwide, Inc.
- Thursday, March 18 - 2010
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- Featured HSMAI Publication
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Travel Internet Marketing White Paper SeriesThe HSMAI Travel Internet Marketing Special Interest Group is pleased to present a ten-part series of white papers, as part of its mission to increase members' awareness and understanding of emerging issues, opportunities and trends; and, TIG Global is proud to sponsor the reports as part of its commitment to helping travel professionals drive revenue and profit online by making smart, strategic marketing decisions.
Read More »
- Featured Industry Publication
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How Hotel Guests Perceive the Fairness of Differential Room Pricing
View publication »
When customers perceived hotel revenue management practices to be fair, they are more likely to be satisfied with the hotel and are more likely to return to that hotel in the future. In this survey of 815 people, we examined the effects of three factors on the respondents' assessment of the fairness of hotel rate policies. Those three factors were familiarity with the practice, provision of information about the practice, and the brand class of the hotel. Of those three, we found that familiarity with a pricing practice was far and away the most important factor affecting perceived fairness. The implication is that revenue managers should focus their efforts on increasing guests' familiarity with their pricing practices. (PDF Document)
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