Hotel Industry News Archive for 2009

Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Interstate Hotels & Resorts Inc. (NYSE: IHR) arising from the Company's announcement of its intent to be acquired by Hotel Acquisition Co. LLC.

Luxury spa participants in the Spa STAR performance report continued to show declining performance metrics through the third quarter of 2009, according to data released by STR.

Europe may still be experiencing the effects of the recession, but online travel continues its upward march across the continent's diverse and complex markets, according to travel industry research authority, PhoCusWright Inc. Changes in the economy and the travel industry have driven significant shifts in how consumers shop for and purchase travel. PhoCusWright's European Online Travel Overview Fifth Edition analyzes the dynamics of online and offline travel distribution across Europe's major travel markets.

From economy to luxury hotels, existing and proposed, knowing the sources, habits, and prevalence of future patrons is crucial to success.

HVS Executive Search presents a global perspective on hospitality executive recruitment in 2010.

There's no question that the Internet is an ideal venue for marketing, but along with the advantages come risks. Because the online world has seen so little formal policing, it's ideal for the 'hijacking' of brands online.

Wyndham Hotels and Resorts and Palace Resorts today announced that four upscale Palace Resorts properties in Mexico will join the Wyndham(R) brand: Beach Palace(R), Cancun; Isla Mujeres Palace(R), Isla Mujeres; and Playacar Palace(R) and Xpu-Ha Palace(R), both in Riviera Maya.

Despite the tough economy, 73% of Canadians say they plan on spending as much or more for their next vacation as they did for the last one, according to an Ipsos Reid poll conducted on behalf of cruise vacation site Tripharbour.ca. In terms of dollars, 58% of Canadians plan to spend a minimum of $750 per person on their next holiday, while 21% plan to spend at least $1,500 per person.

The Europe hotel development pipeline includes 577 hotels comprising 97,266 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

The Asia/Pacific hotel development pipeline includes 975 hotels comprising 232,680 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.