The International Hotel & Restaurant Association (IH&RA) Announces Alliance With globalhotelnetwork.com

Paris, France, 22 October 2001 - The International Hotel & Restaurant Association (IH&RA) is proud to announce that it has adopted the globalhotelnetwork.com e-Newsletter, the #1 e-Newsletter in the global hospitality industry, as the official e-Newsletter of IH&RA.

Paris, France, 22 October 2001 - - The International Hotel & Restaurant Association (IH&RA) is proud to announce that it has adopted the globalhotelnetwork.com e-Newsletter, the #1 e-Newsletter in the global hospitality industry, as the official e-Newsletter of IH&RA.

Commenting on the relationship, Alain-Philippe Feutré, Chief Executive Officer of the International Hotel & Restaurant Association (IH&RA), said "This strategic alliance enables IH&RA to become linked with an outstanding content, quality-driven e-Newsletter and web site that will provide our members with the information they can use and at the same time communicate IH&RA's message to the leaders of the hospitality industry. The e-Newsletter will begin including information about IH&RA news and activities -- in addition to its regular popular features."

"We are delighted that IH&RA has adopted the globalhotelnetwork.com e-Newsletter as its official e-Newsletter," says Robert Harp, president of Global Hospitality Resources, Inc., (GHR), which publishes the industry acclaimed e-Newsletter. "GHR's mission is to provide research-based market intelligence, insights and analysis of information to leaders in the global hospitality industry; IH&RA is committed to providing its members with relevant updates, advice, foresight, analysis, guidelines and news - from outside its members' national boundaries. The IH&RA / GHR strategic alliance is a perfect match. We look forward to expanding our excellent relationship with the people at IH&RA and serving its global membership."

William J. Hanley, SR VP & Managing Director, International Hotel Division, Cendant Corp., the world's largest franchisor of hotels, a member of the IH&RA, says, "I religiously read each globalhotelnetwork.com e-Newsletter; it's a One Stop Shopping. I find the research information provided by the globalhotelnetwork.com e-Newsletter extremely useful. The GHN City Report and the GHN Country Report columns are helpful in getting a solid grasp of market performance, trends, future potential and brand presence. The GHN Corporate Snapshot feature is helpful in keeping abreast of the competition and keeping an eye on trends emerging around the Globe. The GHN Transaction Report is a valuable resource for keeping track of the property deals in the industry. It enables you to see who the players are and get an insight on hot markets as well as what brands are in play. The GHN News column is a great snapshot of the industry. The coverage of people, the industry sectors and where things are happening is topical and on target."

Eliberto J. Graciá, Regional Director of Horwath International for Latin America and the Caribbean, a World-Wide Partner of the IH&RA adds, "In my direct involvement in the Travel and Tourism industry on a global basis, the globalhotelnetwork.com e-Newsletter has been providing me and my associates with an instant capsule of what's going on in the Travel and Tourism industry worldwide, an excellent and very informative vehicle for today's business world."

The International Hotel & Restaurant Association (IH&RA) is a network of national associations, international chains, hotel operators, restaurateurs and supplier companies in more than 150 countries, and represents over 750,000 establishments (www.ih-ra.com). Its mission is to protect, promote and inform the hospitality industry which it estimate to comprise over 300,000 hotels and 8 million restaurants world-wide, employ 60 million people and contribute US$ 950 billion annually to the global economy.

Established in 1986, San Diego-based Global Hospitality Resources, Inc., is a leading research and publishing company specializing in the hospitality and travel industry world-wide. The firm publishes the weekly globalhotelnetwork.com e-Newsletter and manages the www.globalhotelnetwork.com web site, one of the industry's best research-based web sites. The globalhotelnetwork.com e-Newsletter is currently read by decision makers controlling more than 3 million hotel rooms (over 100 brands) globally; investors who collectively have over $100 billion dollars invested or under management in the real estate, lodging & leisure segment; hospitality advisors, investment bankers / brokers in every region of the world; global & regional tourism officers and a variety of industry service providers.

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Founded in 1859 in Koblenz (Germany), the IH&RA is the only business organisation representing the hospitality industry worldwide. Its members are national hotel and restaurant associations throughout the world, and international and national hotel and restaurant chains representing some 50 brands. Officially recognised by the United Nations, IH&RA monitors and lobbies all international agencies on behalf of this industry, estimated to...