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Americas performance results for October 2009 | STR Global
Published: 2009-11-25 08:28:29The Americas region recorded declines in all three key performance metrics when reported in U.S. dollars for October 2009, according to data compiled by STR and STR Global. In year-over-year comparisons, occupancy for the region dropped 6.2 percent to 58.2 percent, average daily rate declined 7.3 percent to US$100.33, and revenue per available room decreased 13.0 percent to US$58.38.
Seasonal Safety And Security Reminders | By Dr. John Hogan Che Cha Mhs
Published: 2009-11-25 08:24:31Because hospitality establishments have a certain amount of cash on hand, agents and cashiers face the danger of robberies. While it may seem simple to advise these staff associates to remain calm, the abundance of mixed messages from the mass media (movies, television and even video games) relating to how to best address this situation can be confusing.
Cheap Boutique Hotels Gain as U.S. Travelers Skip $500 a Night | bloomberg.com
Published: 2009-11-24 18:00:22The world’s largest hotel companies, stung by the industry’s biggest declines since the Great Depression, are trying to do for lodging what Ikea did for furniture: Offer fashionable products at low prices.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aSDoRqXi...
VIDEO: Marketing Your Hotel to Gen X and Y
Published: 2009-11-24 17:51:30VFM Leonardo, the leader in online visual content distribution for hotels, has launched a new video on VTV Channel featuring Bonnie Knutson, Professor at Michigan State University School of Hospitality Business. In this episode, Bonnie explains how Generations X and Y are cynical and skeptical of traditions and institutions, including hotel brands.
Wyndham Hotel Group to Debut Wyndham and Ramada Encore in Middle East
Published: 2009-11-24 17:28:54Wyndham Hotel Group, the world’s largest hotel company with more than 7,000 hotels under 11 brands, continues its expansion in the Middle East with the signing of agreements for the Wyndham Riyadh hotel in Riyadh, Saudi Arabia and the Ramada Encore Doha hotel in Doha, Qatar, both firsts in the Middle East for the company.
For the Hotel Industry, Recovery is a Long Way Off |
Published: 2009-11-24 15:25:42IN these uncertain economic times, I am wary when I hear someone proclaiming, “We have finally bottomed out.” After all, who knows how long we may stay on the bottom? So that’s why I urge caution in evaluating small recent indicators that might mean better times ahead for the hotel industry.
http://www.nytimes.com/2009/11/24/business/24road.html
Upper-upscale branded hotels’ operating expense trends | hotelnewsnow.com
Published: 2009-11-24 15:23:47Hotels have been cutting back on operating expenses because of the current economic conditions, but how have the past years’ expenses trended versus revenue growth? This article explores the past three years’ upper-upscale branded hotels’ operating revenues and expenses. (Upper-upscale brands include such brands as Hilton, Marriott, Westin and Hyatt.) Using Smith Travel Research’s Hotel Operating Statistics Study (HOST) data, we sampled data from 575 U.S. upper-upscale, full-service hotels from 2006 through 2008. The average hotel size in this sample is 462 rooms.
http://www.hotelnewsnow.com/Articles.aspx?ArticleId=2258
EZYield.com Wins Silver Adrian Award for Newly Redesigned Website
Published: 2009-11-24 15:19:52EZYield.com, the originator of automated online channel management solutions for the worldwide hospitality industry, has been honored with a prestigious Silver Adrian Award for Web Marketing Excellence in the 53rd annual Adrian Awards Competition. The Adrian Awards are presented by the Hospitality Sales & Marketing Association International (HSMAI), an organization of sales and marketing professionals from all segments of hospitality, travel, and tourism. In the recent 2009 competition, entries were judged by over 200 top industry executives, and winners were chosen from thousands of entries submitted by travel-related companies around the world.
The Pegasus View October 2009: Is the worst behind us?
Published: 2009-11-24 15:06:30The latest edition of The Pegasus View is now available for your review. Overall, the report shows bookings and net revenue figures climbing back to 2008 levels, with positive movement in North America, which jumped +3.5% in corporate bookings volume in October 2009 compared to October 2008, and +21% in leisure bookings volume for the same period. The average daily rate for GDS transactions reached its highest point to date this year at $163. The report also shows booking lead times remain short in both corporate-driven GDS and leisure-driven ADS transactions.
Can an exciting casino experience change consumers’ current gloomy mood? | By Jonathan Barsky and Lenny Nash
Published: 2009-11-24 15:02:27Despite the impact of the recession, the United States remains the world’s largest market for casino gaming. But revenues at casinos nationwide have slipped 7% in 2009, with Atlantic City and Las Vegas markets experiencing much bigger declines. Customer satisfaction with casinos across the US is also down in 2009 due to broad cuts in staff, service, and player reinvestment. However, based on a recent Market Metrix Casino Market Study, some casinos and regions are faring better.

