FEATURED ARTICLE
Seventh
Annual HSMAI’s Affordable Meetings® Mid-america To Take Place April 11-12,
2007 At Chicago’s Navy Pier
MCLEAN, VA | Designed for meeting
planners looking to enhance their professional career and organize
high-caliber events, and exhibitors seeking to target quality planners,
the seventh annual Hospitality Sales & Marketing Association
International’s (HSMAI) Affordable Meetings® Mid-America show will take
place April 11-12, 2007 at Chicago’s Navy Pier.
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ECONOMIC INSIGHTS
Ernst
& Young | Hospitality Industry Top Ten Thoughts for 2007
15
February 2007
| The lodging sector is anticipated
to approach a stabilization phase in 2007, with accelerated supply growth
and modest demand. Lodging Econometrics forecasts approximately 1,100 new
projects in the U.S. in 2007 (116,00 rooms), representing a 2.5% supply
increase compared to a 1.8% increase in 2006.
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Global
Travel & Tourism To Grow At A Steady Annual Rate Of 4.2 Per Cent Over
The Next Ten Years | WTTC Reports
2 February 2007
| London , UK & Lisbon Portugal | In line with
most expert predictions, World Travel & Tourism Council (WTTC)
research suggests that global Travel & Tourism will continue to grow
at a steady annual rate of 4.2 per cent over the next ten years.
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Choice
Hotels Reports Full Year 2006 Results
14 February 2007
| SILVER SPRING, Md. | Choice Hotels International,
Inc., (NYSE:CHH) today reported the following highlights for the fourth
quarter and full-year 2006:
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Wyndham
Worldwide Reports Strong Fourth Quarter and Full Year 2006
Results
13 February 2007
| PARSIPPANY,
N.J., Wyndham Worldwide Corporation (NYSE:WYN) today announced results for
the three-months and year ended December 31, 2006. Financial information
discussed in this press release include both GAAP and non-GAAP measures,
which include or exclude certain items, or reflect pro forma adjustments,
related to the Company's spin-off effective July 31, 2006.
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Four
Seasons Enters Into Agreement To Be Taken Private At Us$82.00 Per Share In
Cash
12 February 2007
| TORONTO, Four
Seasons Hotels Inc. (TSX Symbol "FSH"; NYSE Symbol "FS") announced today
that it has entered into a definitive acquisition agreement to implement
the previously announced proposal to take Four Seasons private at a price
of US$82.00 cash per Limited Voting Share. Following completion of the
transaction, Four Seasons would be owned by affiliates of Cascade
Investment, L.L.C. (an entity owned by William H.
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Marriott
International Reports Robust 2006 Fourth Quarter Earnings
9
February 2007
| Marriott International, Inc.
(NYSE:MAR) today reported adjusted diluted earnings per share (EPS) of
$0.52 in the fourth quarter of 2006, up 13 percent from the fourth quarter
2005 adjusted earnings. Adjusted net income for the quarter was $219
million, a 7 percent increase over the prior year. Adjusted EPS and net
income exclude the results of the company’s synthetic fuel business.
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Hilton
Reports Strong Fourth Quarter, Fiscal 2006 Results
1 February
2007
| BEVERLY HILLS, Calif. | Hilton Hotels
Corporation (NYSE:HLT) today reported financial results for the fourth
quarter and fiscal year ended December 31, 2006. Fourth quarter highlights
compared to fourth quarter 2005 are as follows:
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Starwood
Reports Strong Fourth Quarter and Full Year 2006 Results
1
February 2007
| WHITE PLAINS, N.Y. | Starwood
Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today reported strong
fourth quarter 2006 financial results, driven by double-digit worldwide
REVPAR increases and higher operating margins.
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HOTEL HIGHLIGHTS
& OPENINGS
Market
Metrix Announces 2006 Hospitality Index Results
9 February
2007
| SAN RAFAEL, Calif. | Market Metrix, LLC,
the leading provider of market research services for the hospitality
industry, today announced the 2006 annual results of the Market Metrix
Hospitality Index (MMHI). Based on 140,000 consumer interviews conducted
from January through December 2006, Drury Inns, JetBlue Airways and
Enterprise Rent-a-Car ranked number one in hotel, airline and rental car
industry customer satisfaction, respectively.
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Why
are Bill Gates and a Saudi Prince | By Jim Butler, Hotel
Lawyer
14 February 2007
| Hotel lawyer
on the future of the hotel industry. Another milestone has been laid. The
Board of Directors of Four Seasons Hotels Inc. — a public company — has
formally accepted a $3.4 billion ($82 per share) purchase offer which
surfaced on November 6, 2006 by a group of investors whose principals
include Bill Gates, the Prince, and Isadore Sharpe, CEO of Four Seasons.
It's a fascinating deal! But what does it really mean?
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Shangri-La
Appoints Brian Windle Vice President Sales And Marketing, North
America
13 February 2007
| Shangri-La
Hotels and Resorts, Asia Pacific’s leading luxury hotel group, has
appointed Brian Windle vice president sales and marketing, North America.
Mr. Windle will assume this newly created, New York-based position June 1,
2007, reporting directly to Chief Marketing Officer Martin F.
Waechter.
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W San
Diego Welcomes New Year With New Executive Team Members
12
February 2007
| San Diego, CA | W San Diego— San
Diego’s urban lifestyle leader, credited for kick-starting downtown’s
nightlife evolution— today announced two new key members of their
executive team. Named as one of the nation’s 100 “Sexiest” hotels, W San
Diego is extends a warm welcome to Bill Cheek and Pedro Irizarry as
director of operations and director of human resources,
respectively.
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Nikki
Beach Expands Internationally With Launch of Luxury Hotel and Resort
Division
9 February 2007
| MIAMI,
NIKKI BEACH, one of the world's leading lifestyle and entertainment
brands, has announced its plans for expansion into the luxury hotel and
resort industry.
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Mike
Leven of US Franchise Systems Retires from Hospitality
Industry
7 February 2007
| ATLANTA |
Mike Leven, founder and Chairman of Atlanta-based US Franchise Systems,
Inc. (USFS) - an affiliate of Global Hyatt with more than 400 hotels open
or under construction including the award-winning Microtel Inns &
Suites brand, five-time recipient of the J.D. Power award - has retired
from the company and from the hospitality industry as of December 31,
2006. Leven, 69, has spent his entire 45-year career in the hotel
industry.
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[MULTIMEDIA] Marriott
Makes Sweeping Move To Eliminate Trans Fats from Food At Over 2,300 Hotels
in North America
6 February 2007
| Beginning February 15, the more than six million pounds of French
fries* served in Marriott International hotels annually will no longer be
prepared using partially-hydrogenated oils, a primary source of trans
fats.
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Hyatt
Place Achieves Major Milestone, Five Hotels Set to Break Ground in
February
2 February 2007
| CHICAGO, IL
| Hyatt Place™, Hyatt’s innovative approach to the select service hotel
concept, is making brand history with five hotels breaking ground
throughout February near Seattle, WA; Orlando, FL; South Bend, IN; Reno,
NV; and Jackson, MS.
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FEATURED REPORT
Ernst &
Young | Hospitality Industry Top Ten Thoughts for 2007
The
lodging sector is anticipated to approach a stabilization phase in 2007,
with accelerated supply growth and modest demand. Lodging Econometrics
forecasts approximately 1,100 new projects in the U.S. in 2007 (116,00
rooms), representing a 2.5% supply increase compared to a 1.8% increase in
2006.1 The nations lodging markets, most of which are past their post-9/11
recovery phase, are absorbing the additional supply. Nonetheless, the
economic conditions in 2007 may lead to more moderate lodging demand.
BUSINESS/MEETINGS
Seventh
Annual HSMAI’s Affordable Meetings® Mid-america To Take Place April 11-12,
2007 At Chicago’s Navy Pier
1 February 2007
| MCLEAN, VA | Designed for meeting planners looking to enhance their
professional career and organize high-caliber events, and exhibitors
seeking to target quality planners, the seventh annual Hospitality Sales
& Marketing Association International’s (HSMAI) Affordable Meetings®
Mid-America show will take place April 11-12, 2007 at Chicago’s Navy
Pier.
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MPI
and American Express Study Reveals Planners Expect to Manage More Meetings
and See Larger Budgets
14 February 2007
| DALLAS, According to FutureWatch 2007, the definitive market trends
study for the global meetings and events industry, the industry is
expected to grow for a fourth consecutive year, signaling an economy that
is strong, thriving and moving quickly to meet a variety of internal and
external challenges.
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Top 10
Group Events – January 2007 Total, San Antonio, Denver
5
February 2007
| Square Footage Meeting Space
Occupied, Square Footage Catered, Estimated Number of Attendees | Data
derived from reader board reports covering hotels in 55 metropolitan areas
across 39 states and provinces* | Total number of events surveyed for time
period: 31,035 Total Number of Subscribing Properties: 418
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INTERNATIONAL
Youtourist
| The Social Network Platform For The Tourism Industry
13
February 2007
| Madrid, UNWTO and WISeKey
announced an agreement today to expand the use of traveller identification
and authentication technologies in the multibillion dollar tourism sector.
This collaboration builds on the Public Private Partnership agreement
signed by UNWTO and Microsoft in 2006. The partners will seek to deliver
YouTourist as a unique e-Tourism Social Network.
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InterContinental
Hotels & Resorts Grows Thailand Portfolio With New Luxury Resort In
Hua Hin
15 February 2007
| Singapore |
InterContinental Hotels Group (IHG) [LON:IHG; NYSE:IHG (ADRs)] today
announced the signing of the InterContinental Hua Hin Resort, scheduled to
open in the fourth quarter of 2008.
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Rezidor
Hotel Group AB Reports Year End Financial Report 2006
14
February 2007
| Revenue increased to MEUR 707.3
(587.0). • Profit after tax of MEUR 29.0 (23.2) • Earnings Per Share
amounts to EUR 0.19 (0.15) (1) • Equity per share amounts to EUR 1.18
(1.00) • EBITDA before IPO related costs improved by 39.6% to MEUR 61.0
(43.7), with EBITDA margin before IPO related costs increased to 8.6%
(7.4) • RevPAR (for leased and managed hotels) up by 7.5% to EUR 72 (67),
and occupancy increased to 69% (67)
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Tourism-Real
Estate Investments in Brazil | New Findings | HVS
International
14 February 2007
| In
November 2005, Diogo Canteras, Managing Director of HVS International’s
Brazilian Office, was invited to proffer a lecture at the Lisbon Real
Estate Exhibition - 2006 (SIL) on the perspectives of foreign investment
in the Brazilian tourism-real estate market – the topic theme of a whole
day in the event.
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Hilton
Hotels Signs Agreement to Manage Second Hotel in Jordan
14
February 2007
| CAIRO, Egypt | The international
arm of Hilton Hotels Corporation (NYSE:HLT) has signed an agreement with
Aqaba Gate for Hotels and Tourism Projects LLC to manage the Hilton Aqaba.
The hotel will be part of a landmark development in the city of Aqaba,
Jordan.
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Accor
sells 30 hotel properties in the United Kingdom for €711 million and signs
a development partnership with Land Securities
12 February
2007
| Paris | As part of its asset management
strategy, Accor said today that it has signed a memorandum of
understanding to sell 30 hotel properties (5,000 Ibis and Novotel rooms)
in the United Kingdom to Land Securities for €711 million.
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FEATURED DOWNLOAD
Market Metrix
Hospitality Index | 2006 Annual Results
The Market Metrix
Hospitality Index©, based on 35,000 consumer interviews conducted each
quarter, includes a variety of measures about the hotel reservation
experience – both online and offline. This data provides special insight
into the growing popularity of website usage and the satisfaction with the
online experience. The growth of online booking as a percentage of overall
reservations continues to grow dramatically. More people are booking
online and less people are booking through central reservations telephone
numbers and offline travel agencies. For example, over the past 3 years,
Best Western has seen online bookings grow from between 10 percent to 15
percent of overall traffic to around 40 percent today. At Choice hotels
nearly 60% of reservations now come from online bookings.
TRAVEL INTERNET MARKETING FOCUS
HSMAI
Launches Travel Internet Marketing Online Community; Valuable Tool For
Members To Share Ideas And Discuss Trends
13 February 2007
| MCLEAN, VA | In a significant move to generate
discussion, connect members and share knowledge, the Hospitality Sales
& Marketing Association International (HSMAI) just launched the newest
of its online communities. The HSMAI Travel Internet Marketing Online
Community, which debuted last week (Feb.
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Travel
Industry Association Announces TravelCom Res-Expo Innovators Award for
Outstanding Achievements in Travel Technology and
Distribution
15 February 2007
| WASHINGTON, The Travel Industry Association (TIA) announces the
first annual TravelCom Res-Expo Innovators Awards to recognize those
special companies whose outstanding innovations in the areas of
technology, e-commerce and distribution have transformed their business
and had a broad impact across the travel industry.
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Online
Revealed Canada – The Canadian Online Travel Conference Announces 2nd
Annual Event this May 28th-29th in Toronto
6 February 2007
| Online Tourism Marketing and what it means to the
Canadian Tourism industry will be addressed at the second annual Canadian
Online Tourism Marketing Conference, which will take place this year in
Toronto May 28 & 29 at The Sheraton Centre.
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OpenTravel
Alliance Specifications Lower Costs and Improve Processes
14
February 2007
| The OpenTravel Alliance (OTA),
the travel industry’s leading specification development organization, sets
the standard in providing real value to its members who implement OTA
messages, including hospitality reservation and property management system
providers.
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HTNG
2007 Members' Conference Program Announced
12 February
2007
| CHICAGO | Hotel Technology Next Generation
(HTNG) today announced the preliminary agenda and speakers for its
acclaimed annual members’ meeting and conference, to be held from March
5-7, 2007 at the Sheraton Atlanta Hotel in Atlanta, Georgia.
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Hotel
Web Sites Now Score Higher In Satisfaction Than Popular Travel Sites |
Jonathan Barsky
9 February 2007
| The
Market Metrix Hospitality Index©, based on 35,000 consumer interviews
conducted each quarter, includes a variety of measures about the hotel
reservation experience – both online and offline. This data provides
special insight into the growing popularity of website usage and the
satisfaction with the online experience.
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Five Rules of Viral
Marketing | By By Sean Carton | clickz.com
7 February 2007
| If you live in Boston, you may finally be done
cursing the Cartoon Network for causing a city-wide terrorism scare with
its viral marketing campaign gone awry last week. Apparently, the geniuses
in charge of marketing "Adult Swim" thought it'd be a peachy idea to hire
(the now incarcerated) Peter Berdovsky to place LED panels featuring "Aqua
Teen Hunger Force" characters Ingingokt and Err in obscure locations
around the city.
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REVENUE MANAGEMENT FOCUS
Building
a De-Commoditization Strategy in Hospitality | By Max Starkov and Jason
Price
7 February 2007
| In 2007, over
one-third of all hotel bookings will be generated from the Internet in
North America. This dramatic channel shift has created unprecedented price
transparency and price-driven marketing in hospitality, thus further
commoditizing the hotel product. How are hoteliers handling the increased
commoditization of the hotel product, especially in the current rate
parity and best rate guarantee environment?
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RESORT MARKETING FOCUS
What a
Resort Experience Can Become When You Have a Daring Mission and Vision
Statement | By Peter McAlpine
14 February 2007
| This article is about what a 5-star resort guest
experience can become when the leaders dare to create a mission and vision
statement, which breaks with board room tradition; which the rational mind
says is impossible to achieve; and which the walking dead who are lacking
in passion and dreams laugh at.
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How
Ritz-Carlton Maintains its Mystique | businessweek.com
14
February 2007
| The luxury hotel chain reinforces
customer-service values among employees by investing in daily training
that revolves around storytelling. When you think of luxury hotels, a few
brands come to mind. Among them is the Ritz-Carlton (MAR). The hotel has
established a worldwide reputation for treating guests like royalty. Walk
into any Ritz-Carlton hotel in the world and you will be greeted by a
staff that works at making customer service an art.
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Outrigger
Enterprises Group Announces the Opening of Outrigger Regency on
Beachwalk
14 February 2007
| HONOLULU,
WAIKIKI, HAWAII - The newest addition to the Outrigger Condominium
Collection, the Outrigger Regency on Beachwalk, opens February 16, 2007.
This new property brings contemporary boutique-condo style into the heart
of the new Waikiki.
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Golf
and Country Clubs: Setting Higher Goals for Profitability in Food &
Beverage | By Juliette Boone & Darius Hatami
12 February
2007
| There are many opportunities for golf club
and country club managers to operate their food and beverage facilities
more efficiently while providing better products & services,
conserving resources, keeping customers happy and delivering more to the
bottom line.
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Jumeirah
Announces New Global Spa Brand ‘Talise’
9 February 2007
| Dubai | Jumeirah Group, the dynamic and rapidly
growing luxury hospitality group and member of Dubai Holding, has revealed
‘Talise’ - a pioneering spa concept set to revolutionalise the industry.
Talise will be available in selected Jumeirah hotels and resorts with the
first spa now open at Madinat Jumeirah – The Arabian Resort, Dubai.
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HOTEL DIRECTOR OF
SALES & MARKETING
Turn
Front Desk Clerks Into Front Desk Salespersons | By Doug
Kennedy
7 February 2007
| Despite the
continuous increased focus on improving revenue management processes at
most hotels these days, more often than not the job of working the front
desk is still viewed as primarily being an operational position. While
many hotels and hotel companies have focused training efforts on
hospitality and guest-service efficiency, few have provided the more
comprehensive sales training that the position calls for.
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It’s
2007. Do You Know Where Your Hotel Sales People Are? | By Brenda
Fields
5 February 2007
| This past
year proved to be another exceptional year in the hotel industry. The
strong domestic economy coupled with record numbers of foreign travelers
into the US, have impacted both the business and leisure segments, and all
success indicators (occupancy, average rate, and RevPAR) are at record
numbers in most urban markets.
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Job
Applications Talk. Managers Are You Listening? | By Joseph M.
Gravish
2 February 2007
| It’s that
time again, Mr. or Ms. Manager. Time for you to suck it up and wade
through that stack of job applications. You’ve lost more staff – again.
You’re frustrated watching newly hired employee after employee come and
go. No sooner do you get them trained and they leave. What can you
do?
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NBTA’s
Top 10 Industry Travel Stories of 2006
2 February 2007
| What a year for business travel! In 2006, corporate
travel managers saw a number of changes in the industry, including the
rebound of the airline industry, the increased globalization of travel
programs and developments in the global distribution marketplace.
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SALES & MARKETING FACULTY
Temple
Students To Get Real Life Sales Experience At Holiday Inn |
bizjournals.com
14 February 2007
| The
Temple University School of Tourism and Hospitality Management will team
up with a Fort Washington hotel to sharpen students' sales skills. About
40 students will work with the Holiday Inn Fort Washington on the project.
The goal is for them to come up with a way to "reintroduce" the hotel. It
coincides with the hotel's takeover by Intercontinental Hotel Group, a
conglomerate with its U.S. base in Atlanta.
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Epicurious.com
& The Culinary Institute of America Launch First Behind-the-Scenes Web
Video Series About CIA Student Experiences
6 February 2007
| NEW YORK, Epicurious.com, the premier food Web site,
in conjunction with The Culinary Institute of America (CIA), today
launched a new web-only video series, "Inside the CIA," a
behind-the-scenes look at the rigorous culinary education of four
ambitious student-chefs. The 15-week-long series follows four CIA students
as they work toward earning their bachelor's and associate degrees at the
world's premier culinary college.
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Marriott
Scholars Program to Award up to $500,000 Annually to Minority Hospitality
College Students
9 February 2007
| WASHINGTON, The J. Willard and Alice S. Marriott Foundation
announced today the launch of the Marriott Scholars Program at both the
Hispanic College Fund (HCF) and the United Negro College Fund (UNCF). The
Marriott Foundation will award grants of up to $500,000 annually to HCF
and UNCF in support of scholarships for students pursuing degrees within
the hospitality management, hotel management, culinary and food and
beverage fields.
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COLUMNS
Hotel
Lawyer: As goes the economy, so goes the hospitality industry — the
ineluctable elasticity of demand! | By Jim Butler
13 February
2007
| Hotel Lawyer on hotel fundamentals. One of
the things that has fascinated me about the hospitality industry for more
than 20 years now, is the close — almost intimate — relationship of
industry performance to the U.S. economy’s performance. Some might say
this is intuitive, that when the economy does well, all business does
well. But that is not always true.
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When
Should I Use an Assessment in the Recruitment Process? | By Jim
Houran
9 February 2007
| In this
monthly column Jim Houran honestly and candidly answers your questions
about any and all psychological and psychometric topics related to the
service-hospitality industry. He does not tell you what you want to hear –
he tells you what you need to hear. Dr. Jim is committed to offering you
guidance based on responsible clinical and business practices and hard
data from the latest scientific studies.
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How To
Restore Your Lost Passion | By Mark Hamister
5 February
2007
| The German poet Hebbel wrote that 'Nothing
great in the world has ever been accomplished without passion.' Those are
inspiring words when you're already inspired, but what do you do when your
enthusiasm has dried up? There are four things that help me restore my
passion when it's on the wane...
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Keep
Your Friends Close and Your Enemies Closer | Know Your Hotel Competition:
Lesson #4 | By David M. Brudney, ISHC
1 February 2007
| Had Don Vito Corleone been a hospitality Sales
professional, you could be certain he would have kept a very close eye on
his primary competition - - who are their clients, what are they planning
and where are they vulnerable?
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Notable
quotables from hotel industry thought leaders 2007 | By Jim Butler | Hotel
Lawyer
1 February 2007
| Hotel Lawyer
on what the top names in the industry are saying now.
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FEATURED RSS FEED:
HOTELMARKETING.COM
Asia
next battleground in online travel
U.S. Internet travel
companies, well entrenched at home and in Europe, are preparing to slug it
out for dominance in Asia, where economic growth and increasing Web usage
make the region a tempting target.
Orbitz
launches online travel store
Building off the online travel
agency’s heritage of innovation and proactive care, the new site features
travel tools, original editorial content and other business-specific
resources geared toward making business travelers’ life on the road easier
and hassle-free.
It’s
a win-win-Wyndham situation
In its first full quarter since
becoming a stand-alone company, Wyndham Worldwide Corp. reported Tuesday
that revenue grew in each of its business segments, leading to
higher-than-predicted earnings.
Priceline
rises on European growth
A growing European customer base
allowed Priceline to lift guidance for 2007 and announce a tripled
fourth-quarter profit. The strong quarter was again heavily driven by
Booking.com, Priceline\'s European business.
Yahoo
launches mobile ads in 19 countries
Yahoo has introduced
display advertising on its mobile-specific Web sites in 19 countries in
the Americas, Europe and Asia. The move, which follows a year of
aggressive expansion in the wireless space, marks Yahoo\'s first formal
rollout of graphical ads on its sites around the world.
Expedia
and Hertz renew preferred partnership
Under the agreement,
Hertz will maintain its preferred partner positioning on Expedia.com and
Expedia.ca, and Expedia customers will continue to receive the best rates
available through the site on Hertz rentals.
Online
travel sites go multilingual
The USA\'s travel giants are
racing to become multilingual. Big hotel chains and major airlines are
launching foreign-language websites to expand their international appeal
and to boost e-commerce.
Page
view losing currency as online metric
The development of Ajax
and RSS are forcing sites and marketers to think beyond page views as a
measure of success. Instead, they should consider harder-to-track elements
like user loyalty and responsiveness to ads, says Yahoo!\'s chief of
insights, Peter Daboll.
Female
influence in hospitality on the rise
After many years of male
domination, the luxury hospitality market is now experiencing a new trend
- luxury hotels, resorts and villas owned and designed by women.
Starwood
CRM focuses on guest recognition
The hospitality industry
should invest in technology that looks at where customers go, why they go
there and when they prefer to go, according to Rachel Ryerson, director of
field marketing for Starwood Hotels and Resorts\' Hawaii/French Polynesia
division.
More RSS
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happening in your city and the industry. As an HSMAI member, you can now
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eConnect research and resource site now gives you the choice of adding
news feeds (via Real Simple Syndication, or RSS) that are updated
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