As multinationals seek to become bigger, faster and stronger to compete on the global stage, theyre launching new corporate development programs to mobilize their workforce. And their efforts are reaching far beyond out-dated cushy executive retreats.
The Baird/STR Hotel Stock Index increased 4.5 percent in February to close the month at 3,939. The Baird/STR Hotel Stock Index during February outperformed the MSCI REIT (RMZ) (-3.8 percent) but fell short of the performance of the S&P 500 (+5.5 percent).
The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 15-21 February 2015, according to data from STR, Inc.
In this newly created position, Johnson will lead WVOs hospitality division and its four primary consumer brands, CLUB WYNDHAM, WorldMark by Wyndham, Shell Vacations Club and Margaritaville Vacation Club.
Revinate, a San Francisco-based technology company that is reinventing the hotel guest experience, celebrates its award at Hotel Technology Next Generations (HTNG) TechOvation awards last week. inGuest, Revinates revolutionary guest engagement platform that turns guest data into revenue for hoteliers, was awarded first runner-up.
Lodging Econometrics reported that new hotel supply growth bottomed in 2011 with the opening of only 347 Hotels/37,404 Rooms. The bottom in 2011 concluded a precipitous 75% decline in New Hotel Openings from a peak of 1,341 Hotels/154,257 Rooms established in 2008 at the onset of the Great Recession.
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