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2008-08-06 News Highlights

Features

Is Your Hotel Ready for the Downturn - By Brenda Fields
Key markets, world wide have experience unprecedented occupancies, average rates, and RevPAR for over a decade. New York City and London in particular have experienced average occupancies well over 80% for the past several years, driving record average rates and RevPARs. ...more

Principles for success as a manager - Part Five - Maintaining relationships throughout the organization - By John Hogan
In the hospitality and travel industry of today, we do not and cannot conduct business in the same way as our parents and grandparents did with the incredible diversity of people who own, manage and operate hotels in this global market. ...more

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Trends

Lodging Econometrics Announces Total US Construction Pipeline of 5,883 Projects/785,547 Rooms at Mid-Year
Developer Optimism Now Waning in Response to a Less Favorable Economic and Lending Environment ...more

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Development

Mandarin Oriental Announces Luxury Hotel in Moscow
Mandarin Oriental Hotel Group has announced that it will manage a luxurious hotel in the heart of Moscow, which will open in 2011. ...more

Booking Bets on Hotel Luxury
The global hotel industry is in panic mode as the effects of the U.S. credit crunch spread, high oil prices threaten to curtail travel and the broader economic outlook dims. ...more

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Environmental

Pennsylvania's Inn at Hickory Run Prepares to Erect $60,000 Wind Turbine - By Glenn Hasek
Thanks to a grant from the State of Pennsylvania Energy Harvest Program, the Inn at Hickory run here is getting closer to its goal of erecting a 6.6-kilowatt wind turbine. Construction is expected to begin very soon. ...more

Will Americans Accept Greener Hotel Rooms?
Sean MacPherson, the New York hotelier, has been to Europe dozens of times. And he knows that across the Continent, many hotel rooms have master switches that help reduce power use. ...more

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Financial

FelCor Reports Second Quarter Operating Results
Met our Adjusted FFO and EBITDA guidance for the quarter. ...more

Ameristar Reports Second Quarter 2008 Results
'Economic conditions continued to result in difficult year-over-year comparisons,' said Gordon Kanofsky, Chief Executive Officer and Vice Chairman. ...more

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Internet

GenaRes Worldwide Reservation Services Appoints VFM Interactive As Their Exclusive Provider of Rich Media Production and Distribution Services
GenaRes Worldwide Reservation Services, the hotel industry's newest and fastest growing global reservations company, announced today that it has selected VFM Interactive, the world's leading full service provider of rich media production and distribution solutions for the travel industry, as its exclusive partner for the distribution and production of hotel rich visual content. ...more

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Openings

Harris Hotel Group Opens Candlewood Suites Columbia / Ft. Jackson
Clyde Harris, President of Harris Hotel Group and American Hotel Development Partners, announced today that the 112-room Candlewood Suites Hotel Columbia, South Carolina, has opened. ...more

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Other

Wyndham Hotels to Offer Allergy-Friendly Rooms and Meeting Spaces
Health-conscious travelers - especially those suffering from allergies and asthma - may breathe easier at Wyndham(R) hotels thanks to the upscale chain's new Wyndham ClearAir(sm) initiative to offer allergy-friendly guest accommodations. ...more

The Business Interview: Andy Cosslett of Intercontinental Hotels Group
The world's biggest hotelier can beat the downturn, says its chief executive ...more

Hotels slash prices as Beijing tourist numbers drop
Hotels in Beijing are slashing room prices for the Olympics by as much as half because reservations have fallen well short of expectations. ...more

Accor Hotels Brews Up Hotel Job Opportunities for Starbucks Employees in Australia
Australia's largest hotel group, Accor, is inviting displaced Starbucks employees to submit resumes and expressions of interest to work at one of 140 Accor hotels across Australia. ...more

Women-Friendly Hotel Floors Return, With Modern Twists
Women-only floors in hotels are palatable once again - after a roughly 25-year drought. ...more

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 Departments

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 .  Development 2
 .  Environmental 2
 .  Features 2
 .  Financial 2
 .  Internet 1
 .  Openings 1
 .  Other 5
 .  Trends 1

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