In year-over-year comparisons, occupancy increased 1.8 percent to 49.2 percent, average daily rate was up 2.2 percent to US$97.48, and revenue per available room finished the week up 4.1 percent to US$47.91.
So today’s economy has people second guessing how they are looking for new employment. If that describes you, well you are not alone. Remember the days when our fathers worked for the same company for 30 years and retired with a nice plaque and gold watch?
We need to be like ducks on the pond – floating calmly on the surface but paddling fast underwater. Keeping our smiles on and urgently thinking through the implications. Consider these issues with your senior team: – If you had a large number of staff away, how would you manage service and production? Make plans … Read moreFood & Beverage – Swine Flu: Tactics for Restaurants, Hotels, Clubs & Fast Food – By Ken Burgin
Engineers to fan out across country to assess lodging facility energy efficiency and recommend changes EcoGreenHotel President Scott Parisi today announced that his company has partnered with Atlantic Energy Services (OTC:AESO) of Saratoga Springs, N.Y., a leader in designing, financing and implementing energy efficiency projects, to offer free, no-obligation environmental assessments to U.S. hotels from … Read moreFirms Offer Free On-Site Environmental Audits to All U.S. Hotels
USFI | GreenWorks and INNCOM International join EcoRooms & EcoSuites (www.EcoRooms.com) as Strategic Partners and Corporate Sponsors Strengthening its position as a leader in socially responsible travel, Pineapple Hospitality is proud to announce that USFI | GreenWorks and INNCOM International have signed on as Strategic Partners and Corporate Sponsors of EcoRooms & EcoSuites (www.EcoRooms.com). EcoRooms … Read moreEco-Enhancing Partners
What was once a vacant bank building in downtown Portland will open in May as the Courtyard by Marriott-Portland City Center. The 256-room hotel was built to earn LEED Gold certification from the U.S. Green Building Council. The structure, which has been given a new shell, three new floors and brand new mechanical systems, is … Read moreCourtyard by Marriott-Portland City Center Nears Opening Date – By Glenn Hasek
Today’s volatile economic environment continues to change the way CDOs operate. Deal preparation has intensified and valuation protocols are being scrutinized. Innovation around deal structuring or financing has become essential. Some corporate development leaders have become highly focused on portfolio management and monetization. All this, of course, is occurring in a pressurized atmosphere of executive … Read moreErnst & Young InterChange – Dynamic CDOs
In Q1 2009, the US Construction Pipeline decelerated rapidly and now stands at 4,918 projects/619,431 rooms. Compared to the Pipeline peak in Q2 2008, this is a drop of 16% by projects and 21% by rooms, a substantial fall-off for a three-quarter period. Current pipeline trends are beginning to reflect the deep recession in the … Read moreLE’s Q1 2009 United States Construction Pipeline Summary
Guest-centric luxury hotels use Integrated Maestro Property Management System to automate award-winning operations, boost web bookings and maximize profits across all channels NORTHWIND-Maestro PMS, provider of Maestro (TM) enterprise Property Management hotel software and reservation software solutions for the hospitality industry, announced that two Maestro customers were honored by Condé Nast Traveler on its 2009 … Read moreMaestro Users Cavallo Point and Stoneleigh Hotel & Spa Honoured By Condé Nast Traveler ‘Hot List’ Ultimate Insiders Guide to the Newest & Hottest Hotels
#1 Leader in Total Customer Value Revenue Management Implements Promoted Demand and Multiple Forecasting Models The Rainmaker Group, the world leader in automated profit optimization software and services to the gaming hospitality industry for total customer value, announced its implementation of the industry’s first automated, fully integrated promoted demand and multiple forecasting model revenue management … Read moreThe Rainmaker Group Announces revolution SM 1.6 Revenue Management