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Finance

Best Western International – The World’s Largest Hotel Chain® - is launching its luxury brand - Best Western Premier, in Indonesia, with the opening of the Best Western Premier Hotel Solo.
Best Western International, Inc. | Tuesday 9 February 2010
The Marginal Impact of Changes | Difficult trading conditions are good opportunities to reconsider basic business principles which have stood the test of time but have recently taken a backseat given the continuous emergence of new management techniques. Most hoteliers have understood that the current environment coupled with an uncertain future requires them to make appropriate decisions in orde...
Olivier Harnisch | Tuesday 9 February 2010
Hotels throughout the Middle East & North African (MENA) region have shown modest signs of recovery towards the end of 2009, with occupancy rates improving. Key points: Room rates in the United Arab Emirates (UAE) fall to 2007 levels | Two consecutive years of RevPAR decrease in Kingdom of Saudi Arabia (KSA) | Gulf Cooperation Council (GCC) countries show mix-reactions in 2009 | Rest of MENA sh...
MKG Hospitality | Monday 8 February 2010
The Canadian economy still has a long road back to recovery and hoteliers should expect a bumpy ride, according to Avery Shenfeld, chief economist at CIBC World Markets. Shenfeld delivered a state of the industry presentation during the Hotels Association of Canada’s 2010 Annual Conference at the Fairmont Royal York in Toronto.
HotelNewsNow.com (HNN) | Monday 8 February 2010
Given that it’s been a couple weeks since I’ve heard anything in the Hilton Worldwide corporate espionage case (and in a high-profile case such as this, a couple weeks can be a lifetime for us journalists), I thought I’d give a call to attorney Jennifer L. Achilles just to find out where things stand.
HotelNewsNow.com (HNN) | Monday 8 February 2010
HVS recommends using regression models to measure the impacts of convention centers on their surrounding hotel markets. HVS recommends using regression models to measure the impacts of convention centers on their surrounding hotel markets. These models can provide statistically significant estimates of the net change in new group room nights and changes in average daily room rate caused by conven...
HVS | Monday 8 February 2010
It amazes me during this economic downturn - when hotel values have in some cases declined 50 percent or more and existing properties can be purchased at bargain prices - that hundreds of hotel developers all over the world are still looking to build new projects. In fact, HVS has never been busier performing feasibility studies for those projects to evaluate. Why build new at what would equate t...
HVS | Monday 8 February 2010
The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces the Radisson Blu Hotel, Uppsala in Sweden. The property featuring 176 rooms is scheduled to open in 2012.
The Rezidor Hotel Group | Monday 8 February 2010
The programme for the Arabian Hotel Investment Conference 2010, taking place from 1 – 3 May 2010, was today announced. The Conference will be held under the patronage of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, President of the Dubai Department of Civil Aviation, Chairman of Dubai Airports and Chairman and CEO of Emirates Airlines.
MEED (Middle East Economic Digest) | Monday 8 February 2010
There was a lot of talk of a slow recovery settling over the hotel industry during 2010 and 2011 at the Americas Lodging Investment Summit this year. But the overflow crowd attending an ALIS breakout panel devoted to providing information on what to do during a bankruptcy served as a stark reminder that, while the future might hold better times for the industry, the present remains challenging.
HotelNewsNow.com (HNN) | Friday 5 February 2010





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