"We are continuing to see the strength of the recovery," Frits van Paasschen, CEO & Chairman of Starwood Hotels & Resorts, said of the travel and leisure sector. He added that occupancy had improved in 2010 and that the focus this year is on rates.
Interview with Paul White, President & CEO of Orient-Express Hotels
"The authenticity that comes with a trip on the Orient-Express is what drives people to pay the money and experience what is a true Orient-Express experience," Paul White, President & CEO of Orient-Express Hotels told CNBC on the Orient-Express trains.
MidEast Conflict Affecting Hotel Industry?
"From a business point of view, there's obviously impact in Egypt and we're running very low demands as you would expect from places like Cairo," Andrew Coslett, CEO of Intercontinental Hotel Group told CNBC when asked how the conflict in the Middle East was affecting the hotel industry.
Thai Hotels are Recovering Fast: Minor Group COO says
Budget travelers are returning to Thailand but the high-end segment has yet to keep pace, observes Dillip Rajakarier, COO of Minor Hotel Group. But he is upbeat about Q4, a traditionally strong quarter. He tells CNBC's Martin Soong, how business is shaping up in the hospitality industry.
Corporate Travel Recovering | Interview with Michael Boyd President, The Boyd Group
Companies are seeing increased bookings, with CNBC's Julia Boorstin; Rod Petrik, Stifel Nicolaus; and Michael Boyd President, The Boyd Group.
Treasure Island hotel and casino owner Phil Ruffin discusses the economy and business climate in Las Vegas
Phil Ruffin, billionaire owner of the Treasure Island hotel and casino, discusses the economy and business climate in Las Vegas with CNBC's Jane Wells.
Steve Wynn on Surviving Vegas Downturn
Steve Wynn discusses why he built the new Encore Beach Club, and how he has survived the Vegas downturn in ways competitors have not.
Time to Check Into Hotel Stocks?
Discussing whether it's time to check into hotel stocks, with Rod Petrik, Stifel Nicolaus and Will Marks, JMP Securities.
We're Back! | Marriott COO Arne Sorenson comments on Earnings
Arne Sorenson, president and COO of Marriott International, discusses the hotel chain's quarterly results. Marriott International Inc. rebounded from a prior-year loss in the first quarter as the lodging company reported more signs that travel and tourism are continuing to stabilize after a prolonged downturn.
Ritz-Carlton President on Luxury Hotel Industry
Simon Cooper, president and COO of the Ritz-Carlton, tells CNBC about his hotel chain's expansion plans and discusses the overall luxury hotel industry.
The Hotel Economy | Fed Malek Comments
Fred Malek, chairman of the Thayer Lodging Group, discusses the hotel economy with CNBC.
Big Money Is Back for Abercrombie & Kent
Insight on high-end travel company Abercrombie & Kent, with Geoffrey Kent, Abercrombie & Kent founder and CEO.
Bright Spots for Travel & Tourism in China, India
Travel and tourism heavyweights met in Berlin this week to discuss how the market can come back from its worst year in history. Jean-Claude Baumgarten, CEO & president of World Travel & Tourism Council told CNBC that bright spots in the sector are emerging in China and India. He gives his outlook for the sector.
IHG's Kirk Kinsell Warns 2010 Will Be Tough Year for Leisure
"Last year was no doubt a difficult year," Kirk Kinsell, EMEA president of InterContinental Hotel Group, said Tuesday. "We're starting to see things pick up a bit." He told CNBC the business traveler is starting to come back again but warned that 2010 will be a tough year.
Still 'Hard Sledding' for Travel Industry | Interview with Andy Cosslett (IHG)
"The whole (travel) industry worldwide went down the same amount," Andy Cosslett, CEO of Intercontinental Hotels Group, said. "No-one was spared, not even China or the Far East in general. It has lifted slowly back, but it is a singular recovery." He added that different cities in different countries are responding differently.
Tourism Dubai's Savior? | Interview with Gerald Lawless (Jumeirah)
A look at what impact Dubai's debt crisis will have on its thriving tourism industry, with Gerald Lawless, Jumeirah Group executive chairman.
Hotel & Casino Industry Outlook | cnbc
Shedding some light on the suffering hotel and casino industry, with Paul Griesmer, FTI Corporate Finance senior managing director.
Luxury hotels see rebound | cnn.com
CNN's Andrew Stevens looks at how many five-star brands have found success with a new kind of customer.
Steve Wynn on the Economy, Jobs & Hotels | cnbc.com
Steve Wynn, CEO of Wynn Resorts, shares his thoughts on jobs, the economy and the hotel industry.
Part 3 | ISHC Consultants share their 2010 industry outlooks during the 2009 ISHC Annual Conference | HotelNewsNow.com
Part 3 | ISHC Consultants share their 2010 industry outlooks during the 2009 ISHC Annual Conference.
Part 2 | ISHC consultants share the most important things to remember when the recovery comes | HotelNewsNow.com
Part 2 | ISHC consultants share the most important things to remember when the recovery comes
Part 1 | ISHC consultants share the most important things to remember when the recovery comes | HotelNewsNow.com
Part 1 | ISHC consultants share the most important things to remember when the recovery comes
Loews CEO Jonathan Tisch on Hotel Biz
An inside look at the hotel industry, with Jonathan Tisch, Loews Hotels chairman & CEO and CNBC's Scott Wapner.
Marriott's Arne Sorenson and Thayer's Fred Malek discuss what lies ahead for the lodging industry
Arne Sorenson, president and COO of Marriott International, and Fred Malek, of the Thayer Lodging Group, discuss what lies ahead for the lodging industry.
Storied Thai hotel in downturn
The Mandarin Oriental in Bangkok is feeling the economic pinch. CNN's Dan River reports. Interview with Jan Goessing, Mandarin Oriental in Bangkok GM. For more than 130 years distinguished travelers have followed the legendary Chao Phraya River, through the heart of Bangkok, to the doors of one of the world’s most luxurious hotels, Mandarin Oriental, Bangkok.
Luxury hotels suffering | Interview with Four Seasons COO Katie Taylor
The COO of Four Seasons talks about a notable aspect of the recession -- lower hotel occupancy in major financial centers.
Hotels and the recession | cnn.com
CNN's Richard Quest examines how hotels are coping with the recession. Includes interviews with Four Seasons and UK's Firmdale Hotels.
V|TV - Experiential Marketing – How to Know Where the Fish Are
Learn from Jeff Higley, Vice President, Digital Media & Communications HotelNewsNow.com / Smith Travel Research about where and how hotels are finding success online amidst a hotel sea with fewer fish than before. Jeff explains the importance of marketing your hotel and ensuring your message is cohesive and relevant to your target consumers on every website and channel.
Pulse Of Luxury Hotel Industry
The economy is taking a toll on commercial realty, particularly the hotel industry, with John Ueberroth, Preferred Hotel Group chairman & CEO and CNBC's Joe Kernen.
Less Vegas: The Casino Town Bets on a Comeback
People in Vegas are gambling on a comeback, with Bill Saporito, Time Magazine; Randy Bateman, Huntington Funds; Scott Redler, T3live.com; Paul Baiocchi, Delta Global Advisors and John Browne, Euro Pacific Capital.
'Nearcations' Heat Up | cnbc.com
American Express says one of the top travel trends this year are 'nearcations,' with Ted Kleisner, Hershey Entertainment & Resorts CEO and CNBC's Erin Burnett.
Government Banning Conferences in Fun Cities?
The government might set guidelines against holding conferences in fun cities like Las Vegas and Orlando. Insight with Orlando Mayor Buddy Dyer.
Watergate Up For Grabs at 25 Million US$ | msnbc.com
The foreclosed Watergate Hotel went on the auction block today, reports CNBC's Diana Olick.
Marriott | An unleveraged hotel chain | Economist Magazine
Good news in a recession: As many hoteliers struggle with their balance sheets, Marriott makes money on its franchises.
Luxury Hotels Offer Discounts | Bloomberg
City break or beach holiday hotels around the world and even luxury hotels offer better price or packages, thanks to the global economic downturn they all come up with all kinds of incentives. (Bloomberg News)
Inside Travel Trends
Why online travel agents are doing well despite the tough economy, with Jeff Clarke, Travelport CEO; Scott Berman, Pricewaterhousecoopers Hospitality & Leisure Group; and CNBC's Erin Burnett.
Summer Travel Trends
The prospects for the Summer travel season is still uncertain. A look ahead with Adam Weissenberg, Deloitte & Touche USA and Dara Khosrowshahi, Expedia CEO.
The Man, The Myth, The Mergers | Fred Malek, Thayer Lodging Group chairman/co-founder
A look at how the hotel industry is faring and at M&A activity from someone who has served as an advisor to four U.S. presidents over the past two decades, with Fred Malek, Thayer Lodging Group chairman/co-founder.
Room for Improvement | Interview with with Starwood Hotels CEO Frits van Paasschen
The hotel industry's top CEOs convene in New York to combat the current economic challenges, with Frits van Paasschen, Starwood Hotels and Resorts CEO
Hotel Forecast | Interview with Jonathan Tisch, Loews Hotels chairman/CEO
Price driven opportunities can be seen in Florida and the international traveler, says Jonathan Tisch, Loews Hotels chairman/CEO
Hotel Turnaround? Interview with Jonathan Tisch, Loews Hotels chairman/CEO
Hotels are not robust but it doesn't appear that things are getting worse, says Jonathan Tisch, Loews Hotels chairman/CEO.
Too Many Hotel Vacancies
The ongoing recession has severely hampered business for the tourism industry, especially for hotels, as millions of rooms and suites remain empty throughout the nation. Michelle Miller reports.
Vegas and the tourism recession
On Tuesday, Pres. Obama visits Las Vegas, the city he castigated in February as a symbol of wasteful corporate junkets.
Americans Finding Adventure Close to Home
Where Americans are headed on Memorial Day and where they are finding big bargains, with NBC's Tom Costello.
Travel: Lux in Flux? | Interview with Abercrombie & Kent CEO Geoffrey Kent
Geoffrey Kent, CEO of Abercrombie & Kent, says high-end travelers have cut back on "hedonistic" luxuries.
TUI Travel Sees Signs of Improvement
"We're actually very encouraged. We've seen improvements in the volume of business we're doing over the last few weeks, despite all the concerns about swine flu," Peter Long, CEO of TUI Travel, said after the company reported a widening of its operating loss in the first half.
Interview with Steve Holmes | Wyndham Worldwide
The hotel industry is facing challenging times as Memorial Day weekend approaches but one hotel chain is managing to thrive in this tough environment, with Steve Holmes, Wyndham Worldwide chairman/CEO.
Channel Marketing IDS/GDS, Inventory Management, and Connectivity
HSMAI is excited to bring more value to your membership again for April with a "revenue and marketing targeted" event that focuses on the major impact the economy is having on the hospitality indus...
The State of Business Travel
The prices of hotels and air travel have been decreasing for months and that trend will continue until the third quarter and may not recover before the second quarter of 2010, Christophe Pingard of Egencia, the business travel arm of Expedia, told CNBC Thursday.
Orbitz' Holiday Bumpy Road
The recession has impacted travel plans and travel website Orbitz reports a wider Q1 loss, with Barney Harford, Orbitz Worldwide president/CEO.
Summertime Summit
The outlook for the summer travel season, with Isadore Sharp, Four Seasons CEO and Jonathan Tisch, Loews Hotels CEO.
Travel Industry Fights Back | Interview with Travel + Liesure editor-in-chief
Insight on whether the economy can afford not to help travel and tourism thrive, with Nancy Novogrod, Travel + Liesure editor-in-chief.
Starwood Hotels rolls out a new pricing plan to attract travelers | Interview with Frits van Passion, Starwood Hotels & Resorts president/CEO
Starwood Hotels rolls out a new pricing plan to attract travelers | Interview with Frits van Passion, Starwood Hotels & Resorts president/CEO
MSNBC's Natalie Morales reportson decrease of desitnation conferences. Quotes from Jonathan Tish, Bruce Lange, Managing DIrector of the Westin Kierland Resort.
Effects of the AIG Effect | with USTA's Roger Dow
Business travel is down big time and the government vilifying TARP companies going on business trips is not helping. Roger Dow, of the U.S. Travel Association, and Chris Kofinis, a Democratic strategist, discuss.
Too Much Room at the Inn | Insight with Jonathan Tisch, Loews Hotels chairman/CEO
Scrutiny of companies spending government cash has dealt a devestating blow to the hotel industry - with business travel sinking to painfully low levels. Insight with Jonathan Tisch, Loews Hotels chairman/CEO.
Interview with with Arne Sorenson, Marriott International CFO/incoming president/COO
The climate for hotels is less than hospitable right now. Insight on why industry leaders say Washington is taking an unfair aim at business travel, with Arne Sorenson, Marriott International CFO/incoming president/COO.
PKF Says Worsening Economy Extends U.S. Lodging Recovery Timeline
PKF Hospitality Research (PKF-HR) today announced that, according to its March 2009 edition of Hotel Horizons(SM), the current decline in the U.S. lodging industry will be deeper and last longer than the company had previously predicted. RevPAR is now expected to drop 13.7 percent in 2009, and a quarter-over-quarter gain in sales is not anticipated until the first quarter of 2011. The revised lodging forecast is based on worsening economic projections from Moody's Economy.com.
Recession hotel tips | cnn.com
The bad economy can do good things for your trip. Melissa Long has four keys to upgrades, meals and perks.
Interview with LastMinute.com CEO Ian McCaig | 'Germany is Still Robust, Other Parts of Europe are Tough'
Emirates Exec on Operating During a Downturn
Battling Back: Corporate Travel Bashing | Interview with Laurence Geller
Loews CEO Jonathan Tisch on the Economic Slowdown
IHG's Andy Cosslett on the Health of the Hotel Industry
Investing in the UK Hospitality Sector
Bill Marriott Interviewed by CNBC
RELATED DOCUMENTS
"Le Tour d’Europe" - The Race for Recovery | HVS As with all good races, the hotel world’s race for recovery has no shortage of thrills and spills, climbers and strugglers, surprise contenders and predictable favourites. We are now ten months into ...
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- Wednesday, 24 November 2010
Hospitality 2015 | Game changers or spectators? | Deloitte Following the success of Hospitality 2010, published almost five years ago and the feedback we received from you, we wanted to see if our predictions were accurate, and explore once again those trend...
PricewaterhouseCoopers' Hospitality Directions Q1 2010 US PricewaterhouseCoopers' updated US lodging forecast expects continued recovery of demand, with the ability to increase room rates returning in 2011, after two consecutive years of decline. The initia...
Rescuing damsels in distress | By Robert Schlup When an economic downturn brings about project failures and delays, and lenders, owners and investors suffer disappointments of various degree of odor and depth, legal consequences may not be far beh...
Perspectives on Real Estate | Deloitte Declining real estate values, debt maturity and credit access, and stalled construction activity are some of the issues that challenged real estate owners and operators in 2009, and may continue to d...
Global Travel & Tourism Economic Impact 2010 Travel & Tourism activity was hit hard by the global slump, with Travel & Tourism Economy GDP contracting by 4.8% in 2009. Even so, the sector worldwide still provided over 235 million jobs last year...
The past is a foreign country… | By Rohit Verma While there is no question that economic concerns will continue to be a factor in 2010, the hotel industry is already looking ahead to positioning itself for recovery, innovative operations, and grow...
How will things get better (and when)? | By Sir David Michels We asked Sir David Michels, one of the hotel industry’s legendary figures, if he would share with us his view of 2010 for the business as whole. The former Chief Executive of Hilton Group PLC, Sir D...
The “New Normal” in 2010: five trends to watch | By Jan D. Freitag Following the severe drop in demand that the industry has been living through for the past year, what should we be expecting in 2010? Is recovery around the corner – and if so, what shape will it ta...
Hospitality Vision | US Performance Review | Deloitte The United States (U.S.) hotel industry welcomed the dawn of 2010. Performance measures in the first half of 2009 were particularly troublesome for many companies, and only in the closing months of t...
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- Wednesday, 10 February 2010
STR Monthly Hotel Report - Total United States - December 2009 The U.S. hotel industry posted a double-digit drop in revenue per available room during 2009. The metric fell 16.7 percent to US$53.71, the largest year-end decrease of any of the three key measureme...
Jones Lang LaSalle Hotels | Hotel Investment Outlook 2010 2010 forecast: looking up | Far harsher than most investors anticipated, 2009 was the year of a new reality. As debt markets remained illiquid and many investors retreated to the sidelines, global ho...
US hotel performance for November 2009 The U.S. hotel industry posted declines in all three key performance measurements during November, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 4.3 percen...
Balancing Talent Strategies in Difficult Times In our latest report, " Balancing Talent Strategies in Difficult Times," we explore techniques for developing a talent strategy that can help THL companies navigate the current economy and ‘own the u...
Positioning for the Economic Turnaround | by Alan Wilson What are you doing to position your timeshare properties for the recovery? Although there are clearly many challenges at this time, there is good reason to prepare now to be ready for the economic up...
Finding A Way Out | By Steve Rushmore With the drastic downturn in the economy and resulting cutback of all types of travel, hotels are suffering from significant lower demand and rate cutting. Smith travel research has predicted an unpr...
U.S. performance for July 2009 | STR The U.S. hotel industry posted declines in all three key performance measurements during July, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 7.3 percent to...
Global Hotel Market Sentiment Survey Report July 2009 Horwath HTL is the world oldest and most global hotel consulting firm, with offices in 50 cities and 30 countries. Horwath HTL has been involved in thousands of tourism and hospitality projects in a...
Hotel Capitalization Rates on the Rise | By Suzanne R. Mellen With limited sales transactions and investment and refinancing activity, hotel capitalization rates and values are challenging to gauge in today’s marketplace. Yet, the need to know where rates of re...
U.S. performance for June 2009 | STR The U.S. hotel industry posted declines in all three key performance measurements during June, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 9.7 percent to...
A few shining stars among global markets | hotelnewsnow.com The current economic downturn facing the hotel industry is unique in the sense that is has reached global levels not see in decades. Year to date ending April, across the four world regions (Americas...
Changing Times | Are you ready for reality? | Joe Russoniello, RRP If the defi nition of insanity is doing the same thing over and over and expecting a different result, is our industry in need of a shrink? Perhaps the only good thing that can be said about the sea ...
European Hotel Transactions 2008 | Is the party now over? | HVS HVS’s London Office has today published its latest European Hotel Transaction Report, reflecting the 2008 single asset and portfolio hotel transactions. The huge reduction in deals compared to previo...
Global Lodging Performance Report | January 2009 | STR The Americas region reported declines in all three key performance metrics when reported in U.S. dollars for January 2009, according to data compiled from STR and STR Global. Occupancy for the region...
European Hotel Valuation Index 2009 2008 has proven to be the precursor of a new world order that seems to be emerging from the ongoing financial turmoil. The year started with hotel sector performance holding up, it continued with mor...
Monthly Hotel Report - Total United States - January 2009 In year-over-year measurements, the industry’s occupancy fell 10.7 percent to end the month at 45.9 percent (51.5 percent in 2008). Average daily rate dropped 5.2 percent to finish the month at US$10...
Global Hotel Market Sentiment Survey Report February 2009 Horwath HTL is the world oldest and most global hotel consulting firm, with offices in 50 cities and 30 countries. Horwath HTL has been involved in thousands of tourism and hospitality projects in a...
Hospitality top 10 thoughts to watch in 2009 | Ernst & Young The credit crunch, an increased focus on cost containment and the bottom line, leveraging brand recognition through the internet, globalization and green building are ranked at the top of the list. D...
Global Lodging Performance Report | December 2008 | STR The global economic slowdown continues to have an impact on the hotel industry, as the world’s four regions reported mixed year-over-year and year-end results when reported in U.S. dollars, euros and...
“A condition of war of everyone against everyone…” | By Allen Toman 2009 is going to be a year of challenges without easy fixes, writes Allen Toman, Como-based consultant with Reality Advisors, and the Hobbesian quote he selected aptly describes the unpleasantness ah...
The Bankruptcy Alternative: What You Should Know | By Eric Golden While the politicians, pundits, and talking heads argue about whether we are in a recession, it is clear that the current economic climate is requiring consumers to re-evaluate their priorities and b...
Doing Business in the New Normal | By Christine Blank The year 2009 really will be all about “change,” as vacation ownership companies look at new operating and marketing models in order to thrive in the challenging economy. At the same time, industry l...
U.S. Lodging Report for December 2008 | STR The U.S. hotel industry finished 2008 with a 60.4-percent occupancy rate, an average daily rate of US$106.55 and revenue per available room of US$64.37, according to data released today from STR. The...
2008 United States Hotel Valuation Index | HVS The Hotel Valuation Index (HVI) tracks hotel values in 65 major markets and the United States as a whole. Created in 1987 by HVS, the HVI is derived from an income capitalization approach, utilizing ...
STR Global Performance Report | November 2009 The global economic slowdown is having an impact on the hotel industry based on the world’s four regions reporting mixed year-over-year results when reported in U.S. dollars, euros and British pounds...
Phoenix travel survey | Tough Times Ahead for the Travel Industry The faltering global economy will curtail people’s travel plans in 2009, but creative promotion of loyalty programs by airlines and hotels can recoup some of the lost revenue and soften the economic ...
Weathering the Economic Storm | Deloitte Report Hospitality companies are facing troubling times with the economy’s weakness beginning to weigh on the hospitality industry at large. Consumers are retrenching on most types of discretionary spending...
ITB World Travel Trends Report 2008/2009 This ITB World Travel Trends Report, which was once again commissioned by ITB Berlin from IPK International, organisers of the 16th annual World Travel Monitor Forum, tracks trends in outbound travel...
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- Wednesday, 17 December 2008
Hotels: managing in a downturn | PwC No hotel business is likely to be immune to the effects of an economic recession and although this time it may be different in terms of the unprecedented circumstances that are driving the slowdown, ...
World Travel Market | Global Trends Report 2008 According to the IMF, the current financial downturn affecting the globe is set to continue through 2009, with world economic growth to slow to 3.9% in 2008 and 3.0% in 2009. The economic and financi...
US Lodging Industry Overview | By Mark V. Lomanno | STR President Presented at the fifth annual Hospitality Leadership Forum, held in conjunction with the 2008 International Hotel/Motel & Restaurant Show® in New York on November 8, 2008. The forum brought together ...
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- Thursday, 13 November 2008
RELATED BOOKS
Hospitality 2015: The Future of Hospitality and Travel By Frederick J. Demicco, Marvin J. Cetron In an age of economic and political turmoil, hospitality executives must plan for business conditions one, five, or ten years ahead, and sometimes longer. But how can anyone anticipate events such as the global economic collapse of 2008? In this new book, two futurists and a hospitality educator offer a primer of business forecasting, then apply their methods to predict the future of sectors from restaurants to tourism, airlines to meetings and expositions. These are must-have skills and information for anyone pursuing a hospitality career in the 21st century.
Sales Tactics in a Tough Economy By Educational Institute of AH&LA The downturn in the economy has been felt throughout the hospitality industry! The headlines are nearly impossible to escape. The message is clear; the economy is going through a tough time. What are you doing to combat economic challenges? We've gathered first-hand, up-to-date advice from sales professionals at hotel properties. The one goal they all have in common- providing sales personnel and staff with key insights, strategies, and tactics.
