Hotel Industry News Archive for 2009

After dropping to the lowest level in the decade, Jones Lang LaSalle Hotels forecasts that global hotel transaction volume will increase by 20 to 40 percent in 2010, according to initial results from the firm's Hotel Investment Outlook 2010 report. The expected increase marks the first rise in two years.

JAL Hotels Co., Ltd., today announced that a new 443-room hotel in Xiamen, China, will be added to Nikko Hotels International, its luxury international hotel group, in Spring 2011. Hotel Nikko Xiamen is one of four new Nikko Hotels properties being built in China. These new hotels will bring the total number of Nikko Hotels in China to nine.

Milestone Report Features Top 10 Flavor Pairings and Leading Trends That Will Define 2010

Sol Meliá, the 15th-largest hotel chain in the world and the leading Spanish hotel and resort company, has launched a comprehensive brand assurance evaluation program across its global portfolio of hotel and resort brands.

In year-over-year measurements, the industry's occupancy decreased 3.9 percent to end the week at 52.0 percent. Average daily rate increased 3.1 percent to finish the week at CAD$119.02. Revenue per available room for the week decreased 0.9 percent to CAD$61.93.

For hotels in the upper-tier chain scale categories, government travelers have historically been viewed as 'guests of last resort.' While government business is abundant, the per diem room rates set by federal, state, and local agencies are generally viewed as low. In addition, ancillary expenditures for food, beverage, retail, and recreation are restricted by government limits that are typically less than the average business traveler's budget.

Domestic and International Airfare Rates Show Modest Increase in Third Quarter; Travelers Are Starting to Move Back to the Front of the Plane; Hotel Rates Continue to Decrease in Upscale Categories, but Increase in Mid-Price, Economy and Budget Tiers

Apical Resource Group announces that is has successfully completed its one-year anniversary and is very pleased with its track record of being able to put a great number of travel and hospitality professionals back to work.

At EcoGreenHotel, we know that it's one thing to say your hotel is green, but it's quite another thing to prove it. That's why we are so pleased to honor the Radisson LAX Hotel - the Radisson brand's first Green Seal(TM) Inc. Silver Level certified hotel, and one of only four hotels in the entire state of California to achieve Green Seal lodging certification.

The hospitality industry continues to suffer in every corner of the globe - what else is new? Most hotel experts are expecting a slow 2010 recovery in RevPar. In such an environment, many hoteliers will struggle with rate discounting, creating more pain for the long-term development and sustainability of hotels' revenues once the economy gets back on its feet.