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December 17, 2003

Suburban Franchise Systems Selects NORTHWIND to Install Maestro ASP Front Office in 65 Suburban Extended Stay Hotels

Suburban Franchise Systems will take advantage of Maestro long-term stay property functionality and utilize consolidated reporting, trend analysis, and forecasting to support the brand's sales and marketing ... This comprehensive multi-platform (Windows 9X/NT/2000/XP, Unix/Linux, Terminal Server & Web Enabled) suite is recognized as the solution of choice for progressive and demanding organizations.

Maestro

Report Sales & Marketing

December 16, 2003

A Sweet Deal! - Why Indian tycoon Jagsish Rai Sood chose to partner with Shangri-La

He says the timing is excellent, with great demand for luxury brands and a healthy increase in revPAR, which increased by 13% in September compared to the previous year. "This is the time to do it. ... "Occupancy is on the rebound and rates are also rising - just a little this year, but next year they are forecast to grow substantially."

HOTEL Asia Pacific

Supplier News Sales & Marketing

December 10, 2003

Has The UK Hotel Sector Reached A Turning Point As Hotels Report An Improvement Over Second Half Of 2003 - But Pace Of Recovery Is Slow - PwC UK Reports

Hospitality Directions Europe, Forecast Alert, December 2003 also shows that London continues to bear the brunt of the downturn in international travel and that a RevPAR decline of 6.8 % is forecast this ... Other key findings include: UK RevPAR growth of 2.7 % is forecast for 2004 (which is more modest than envisaged in our previous forecast.

PwC (UK)

December 8, 2003

InterContinental Hotels Group Installs IDeaS Revenue Optimization Solution

"IDeaS Revenue Optimization Solution is an excellent tool because it allows our hotel to optimize revenue based on an extremely detailed and accurate demand forecast.

IDeaS

Report Sales & Marketing

December 8, 2003

The Billion Dollar Leak - The Impact of The Merchant Model on US Hotel Profits - By Bobby Bowers, SVP, and Jan D. Freitag, Director, Smith Travel Research

The table below details industry revenues and profits for the last two years and our forecast for 2003: Estimated US Hotel Industry Performance To appreciate the full financial impact of merchant model ... If lodging demand increases in 2004, there is potential for increased room rates.

By Jan Freitag, National Director, Hospitality Market Analytics, HotelNewsNow

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November 20, 2003

UniFocus' Watson, R.M. ™ Labor Management Applications Selected by Park Place Entertainment

Labor Management program to more efficiently staff our demand-driven operating departments while providing a higher, more consistent level of service to our valued customers This technology enhances our ... managers ability to forecast demand and staff accordingly," said Anthony F.

Unifocus

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Hospitality Financial and Technology Professionals (HFTP)

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November 19, 2003

Lodging Demand Will Achieve Record for the 2003 Holiday Season

"The strength of the holiday season reinforces our forecast for robust demand recovery in 2004," said Bjorn Hanson, Ph.D., global leader, PricewaterhouseCoopers Hospitality & Leisure Practice. ... PricewaterhouseCoopers forecasts lodging demand will expand by 4.0 percent in 2004. RevPAR (revenue per available room) will increase by 4.9 percent in 2004.

PwC (US)

Press Release Sustainability

November 17, 2003

ISHC's Top Ten Issues & Challenges In The Hospitality Industry For 2004

All workers are demanding greater benefits. ... Specific areas for improvement include: Cash Flow Forecasting - Unfortunately, very few hotels have the ability to develop accurate cash flow forecasts.

ISHC

November 9, 2003

Sustainable Tourism - Destination Development - HVS Sydney

An existing population base Related to the previous point is the need for a readily available demand base. ... Understanding demand fundamentals Understanding the demand fundamentals existing in any given tourist destination aids the modelling of realistic demand and revenue projections.

HVS

November 5, 2003

Pegasus Solutions Inc. Agrees to Acquire Unirez, a Leading Provider of Reservation and Distribution Services

In recent years, the demand for this type of "connectivity-only" service has increased, with independent hotels relying more on Internet channels, as well as their own marketing efforts and web sites, ... Utilizing its highly acclaimed, proprietary Hotel FactoryTM system, its hotels are provided real-time control of data, channel management, comprehensive management reporting and future forecasting capabilities

November 4, 2003

M-W ValueReport on Hotel Market Leaders 2003: Hotels Risk Losing Brand Strength by Discounting Rooms

Who is most likely to meet their financial forecasts? ... How can hotels increase demand and maintain control over sales in regard to the online travel agencies that offer steep discounts? Which hotel programs are delivering the most value to consumers?

Press Release Technology

October 30, 2003

Balancing High-Tech And High-Touch In Hospitality - HSMAI Marketing Review

Professor and ARAMARK Chair, The University of Delaware, CIHAN COBANOGLU, Ph.D., Assistant Professor, Hospitality Information Technology, The University of Delaware and Marvin Cetron, Ph.D., President, Forecasting ... They're given a card that electronically unlocks their room — a room complete with Internet access, digital movies on demand, and high-speed phone line.

HSMAI (USA)

October 28, 2003

Extended Stay America, Inc. Releases Third Quarter, 2003 Financial Report

for lodging products in the overall lodging industry, and improvements in demand for the Company's extended stay lodging products. ... We have consistently said that we expect changes in demand for our product to generally lag changes in overall business travel demand due to our guests' longer average length of stay compared to those

Extended Stay

October 22, 2003

LaSalle Hotel Properties Reports Third Quarter Results; RevPAR Declines 2.5 Percent for the Quarter

"Overall, we are encouraged by the more recent signs of an improvement in demand from the corporate travel segment." ... Corporate EBITDA is forecasted to be in the range of $11.6 million to $12.2 million for the fourth quarter 2003.

LaSalle

October 21, 2003

Fairmont Hotels & Resorts Inc. Reports Third Quarter Results

"While demand continues to improve as a result of improving U.S. and global economies, a challenging operating environment persisted throughout the third quarter. ... Our forecast anticipates ongoing weakness throughout the North American lodging industry for the balance of the year and the previously revised outlook for several properties."

FRHI

October 21, 2003

National Business Travel Association Releases 6th Annual Business Travel Cost Forecast - 2004 Business Travel Costs Expected to Increase 6%

Published by NBTA, the Business Travel Overview and Cost Forecast is an annual study that evaluates current and future trends in business travel. ... Members of the press can receive a complimentary copy of the Forecast by contacting Allison Marble at [email protected] or 703-684-0836 ext. 43.

GBTA

October 20, 2003

Cendant Reports Record Operating Results for the Third Quarter of 2003, Exceeding Projections

The Company also forecasts 2003 Net Cash Provided by Operating Activities exceeding $5 billion and Free Cash Flow approaching $2.5 billion. ... Such projections were not prepared in accordance with published guidelines of the American Institute of Certified Public Accountants or the SEC regarding projections and forecasts, nor have such projections

Wyndham

October 16, 2003

Extended-Stay Developer Centralizes Operation Of Six Long-Term Stay Properties, Drives 70-Day Average Length Of Stay, Uses Maestro From NORTHWIND

Demand is so strong in the corporate housing segment that Minto Furnished Suites' newest long-term property, the 103-suite Minto Yorkville in Toronto, was sold out of some room types upon opening its doors ... This comprehensive multi-platform (Windows 9X/NT/2000/XP, Unix/Linux, Terminal Server & Web Enabled) suite is recognized as the solution of choice for progressive and demanding organizations.

Maestro