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 Budget 2006
This particular Indepth is focused on providing resources and information to help you look into that crystal ball and predict 2006... you know the drill; everyone from Executive Committee members to your Corporate office to your Owners expect you to look into the future and create a reasonable yet profitable budget! So from the online interview with PFK, to the various links to budget related information and resources, this issue should help you and your team have more tools to do what is no easy task. Good luck!
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 Red Hot Middle East!
Against the background of changing and increasing demand, the Middle East hotel industry is witnessing a metamorphosis. Today, all global hotel brands either have or plan to have a significant presence in the region. It is estimated that 80 new hotels will open on the Arabian Peninsula by 2008. Despite terrorism activity across a number of Middle East markets, hotel performance has continued to storm ahead during the first quarter of 2005 according to the HotelBenchmark Survey by Deloitte. Revenue per available room (revPAR) jumped 24% to reach US$91 compared to US$74 for the first quarter of 2004.
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 The Spa & Wellness Revolution
The spa industry is currently booming. Growth rates in the US are in the region of 25% per annum and, despite limited data, are thought to be even higher in the UK and Europe. At the same time, surveys show that hotels' spa department profits grew by approximately 50% and that high-end spas generate revenues in the region of US$30-40 per occupied room. In general hotel spa guests are not very price sensitive and adding a spa often means more guests, who spend more money and are more likely to return. And of course a quality spa facility helps enhance a hotel's overall competitiveness by distinguishing it from the competition.
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 Tsunami Strikes Tourism in South East Asia
After Bird Flu, SARS and Bali terrorist attacks... Asia tourism in parts of Southeast Asia will be devastated by the economic aftershocks of the earthquake-triggered tsunamis. Thai Tourism and Sports Minister Sonthaya Khunpluen estimated that some 200,000 employees in the tourism sector, the country's no. 1 foreign exchange earner, are expected to lose their jobs due to the disaster. Visit this Indepth section to learn more about the immediate impact as well as background articles, images and video coverage.PATA Foundation Tsunami Recovery FundMoney pledged to the Fund will directly help rebuild the skills and livelihoods of tourism employees in the affected region | Donate Now! | About the PATA Foundation
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 .travel Initiative (The Travel Industry Top Level Domain)
Unlike ".com", ".net", ".org", ".co.uk" or any of the other top-level domain names (known as "TLDs") available on the Internet today, ".travel" will represent a reliable space where everyone, the world over, will know that only established travel businesses are registered. This industry-sponsored, industry-related TLD ensures that all .travel web sites will only host bona fide travel-related businesses and organizations.
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 Katrina Aftermath | Hurricanes and their impact on Hospitality
Hurricane Season 2005 | Katrina Aftermath | During early Monday morning on August 29, 2005 the worst natural disaster to ever hit the continental U.S. devastated the Gulf Coast area flooding and causing other major damage to metropolitan areas in coastal areas of Louisiana, Alabama, Mississippi and other U.S. Gulf Coast areas. Hotels are providing shelter to people who have nowhere to go and the incoming relief workers. Many hotels are overbooked, especially in areas with a huge influx of evacuees. Visit this indepth section to learn more about Katrina's aftermath.
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 Industry on Strike
Right now, unions in San Francisco, LA and Washington, D.C are coordinating strikes to put pressure on national chains in contract negotiations. Given a history where hotel workers in each city have generally fought individual battles against the multinational hotel chains, this is an impressive ramping up of national strategy. But the real power of the move is that a key demand of negotiations in each city is for a two-year contract.
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 Meetings & Conventions Business
In 2004, aggregate economic growth of the North American and European meeting industry—combined with a resurgence in international travel—points to a welcome upturn. The overall size of the meeting industry will grow in 2004, with likely increases in indicators such as budgets, employment, proposal activity and employee training.
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 Design & Lifestyle Hospitality
While the hospitality industry has historically been slow in consumer trend innovations, this is changing with the proliferation of boutique/design hotels. This section provides a variety of information resources around this irreversible trend in hospitality. Featured sections include streaming interviews with design-hotel leaders and trend-setters, related events, related news, and an overview of architecs from around the globe... check back weekly for new updates.
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