ARLINGTON, TX July 29, 2010—E-Guide Services, Inc. (EGS) announced results of an independent Arbiton Inc. study of its innovative E-GuideTV service, an in-room hotel television channel guide. Results prove the Out-of-Home advertising medium to be both a valuable and popular amenity to hotel guests and an outstandingly effective medium for advertisers.
The Rocco Forte Collection today announced that it has appointed Karim Naffah as the company’s new managing director with immediate effect. Naffah, 47, has acted as a consultant to the company since July 2009 during which he has assisted with the company’s successful refinancing and helped drive improvements in the performance management and corporate governance of the group of luxury hotels and ...
The Rocco Forte Collection (RF Hotels) | Friday 30 July 2010
The negative environment that the sector suffered in the 2009 financial year presented a very positive advance in the first half of 2010. The Group income reached €646.5M, a rise of 7.2%, and the EBITDA, which shows the operational evolution of NH Hoteles, reflected the significant market recovery and an increase in productivity which is worthy of note. The Company generated an EBITDA of €68M, pr...
Visiting a variety of travel-related websites has become a fundamental part of the travel planning process for many consumers. Understanding what motivates travelers to visit particular websites is vital for travel companies wishing to attract more consumers to their sites, products, and services. One might expect, especially in today's price-conscious environment, that price would be the dominan...
Sol Meliá announced results today for the first half of 2010, during which the company made a profit of 13,5 million euros compared to the 1.2 million euros in the same period of 2009, thus meeting market expectations after registering revenues of 581 million euros, compared to 544.9 million euros in the first half of 2009. EBITDA grew by 13% to 97 million euros compared to 85.9 in the same perio...
Insight on the state of the travel, leisure business, with Chris Nassetta, Hilton Worldwide president & CEO. Nassetta sees signifant signs of recovery after 18 months of historic declines in the hospitality business. Nasetta thinks we are in the early stages of industry recovery.
Overall, 79% of Managers thought that Average Room Rate would stay the same or increase (57% thought it would increase) and the same number thought that Occupancy levels would stay the same or increase, (39% increase, 40% stay the same). Altogether 84% of respondents think that Total Revenue in their hotels will increase or stay the same (60% increase, 24% the same).
Computer hackers continue to steal hotel guests' credit-card data more than any other industry - and there's little consumers can do to protect themselves, Nicholas Percoco, an Internet expert who investigates corporate data breaches, tells Hotel Check-In. Percoco runs SpiderLabs at Trustwave, the security team that performs cyber forensic investigations for companies that suspect their systems h...
From projects in the planning stages to hotels that have been in business for decades, the hospitality industry has been hit across the board, experts said. During the last two years, hundreds of hotel projects that have been contemplated, discussed, even announced in Chicagoland — many in the northwest suburbs — never materialized, said Ted Mandigo, president of TR Mandigo & Co. hospitality cons...
Indian Hotels Ltd., the nation’s largest operator, reported it biggest drop in profit in almost eight years as costs rose and it kept part of the terrorist-hit Taj Mahal Hotel & Towers closed for renovation. Net income at the company chaired by Ratan Tata plunged 80 percent to 33.3 million rupees ($716,000) in the three months ended June 30 from 164.4 million rupees in the year earlier period, th...