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2008-07-28 News Highlights

Features

Two Companies, Two Different Blueprints for Reducing Global Warming
Businesspeople spend too much time worrying about the burdens brought by global warming -- the possibility of carbon taxes and greater regulation of emissions -- and ignoring the potential commercial upside, according to participants in a recent Wharton conference titled, 'Winners and Losers in Green Technologies,' sponsored by the William and Phyllis Mack Center for Technological Innovation. ...more

Principles for success as a manager - Part three: Using your management style effectively - By John Hogan
In 1960, Douglas McGregor (1906-1964), a Management professor at the MIT Sloan School of Management authored a book on management titled: The Human Side of Enterprise. This offered an approach of creating business environments within which employees are motivated via authoritative, direction and control or integration and self-control, which he called theory X and theory Y, respectively. ...more

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Trends

Canadian Occupancy, ADR, RevPAR - Week Ending July 19, 2008
Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada. ...more

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Appointments

The Kyoto Grand Los Angeles Hotel Welcomes Garriann Young as Director of Sales & Marketing
Crestline Hotels & Resorts, Inc. announced the appointment of Garriann Young as Director of Sales & Marketing for the Kyoto Grand Hotel and Gardens. This premier Los Angeles hotel, which recently completed an $8 million dollar property enhancement, is located in downtown Los Angeles near the Civic Center in 'Little Tokyo'. ...more

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Development

Hyatt Hotels & Resorts to Open Hyatt Regency Chongqing in 2012
Hyatt Hotels & Resorts and R&F Properties Co., Ltd. have announced the signing of an agreement for Hyatt to manage a luxurious new 354-room hotel in Chongqing, the most populous city in China. ...more

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Environmental

Power Purchase, Lease Agreements Make Combined Heat & Power More Affordable - By Glenn Hasek
With electricity and natural gas prices about to follow gasoline prices into the stratosphere, there is no better time to consider combined heat and power (CHP) as a means to lower utility bills - especially with CHP system providers offering so many attractive financing options. In fact, with some vendors you can have an on-site utility (power plant) installed with no upfront capital cost. CHP is ideal for hotels with 100 rooms and above. ...more

eco from Pineapple
New hotel amenity line provides guests with luxury amenities in 100% biodegradable packaging ...more

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Financial

Wynn Resorts, Limited Posts Record Revenue and EBITDA for the Second Quarter of 2008
Net revenues for the second quarter of 2008 were $825.2 million, compared to $687.5 million in the second quarter of 2007. The revenue increase was driven primarily by a 50.3% increase in revenues at Wynn Macau. ...more

Starwood cuts outlook as US hotel market weakens
Starwood Hotels & Resorts Worldwide Inc. reported a better-than-expected 16.4 percent drop in second-quarter profit Thursday, although the stock fell after Starwood cut its full-year outlook, citing a weakening U.S. market. ...more

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Internet

VFM Interactive Announces Expansion of Hotel Team
Highly regarded industry veterans, Darlene Rondeau and Susan Tennant, to help grow VFM's hotel media production and distribution business ...more

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Openings

Doubletree By Hilton Hotel Brand Debuts In China
Doubletree by Hilton Beijing opens its doors in time for the Games ...more

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Other

Bill Marriott Joins Voices Calling For Action on Energy and Fuel Costs
With sky-high fuel prices threatening the airline industry and potentially stifling travel throughout the U.S., Marriott International, Inc. (NYSE:MAR) today joined other leaders in the travel and tourism industry to call on the U.S. Congress and the Administration to forge a bipartisan response to the new energy crisis. ...more

CHA Expands Mandate, Changes Name To Caribbean Hotel & Tourism Association
Membership Will Be Open to a Wider Group of Tourism and Hospitality Entities ...more

Murder at Hotel Cinema by Daniel Edward Craig released this month.
Reckless publicity stunt, suicide or murder? A troubled celebrity takes a fatal dive from her penthouse balcony on opening night of a fashionable Hollywood hotel. ...more

Brinker Decision Reverberates Through California's Workplaces, Says Employers Group
Ruling by State Court of Appeal Relieves Employers of Burden to Ensure that Employees Take Meal and Rest Breaks ...more

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 Departments

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 .  Appointments 1
 .  Development 1
 .  Environmental 2
 .  Features 2
 .  Financial 2
 .  Internet 1
 .  Openings 1
 .  Other 4
 .  Trends 1

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