Hotel Industry News Archive for 2003

The Professional Association of Innkeepers International (PAII) recently released the 2002 Industry Study of Operations, Marketing, and Finances for Bed-and-Breakfast and Country Inns. The study was prepared with the assistance of Michigan State University and PKF Consulting.

Orbitz's (ORBZ) IPO yesterday may have fired up renewed interest in online resellers and their growth prospects, but Stax Research believes current investors should consider their next move carefully.

According to the Travel Industry Association of America’s (TIA) Winter 2003-2004 Travelometer forecast, Americans will take 213.4 million person-trips this winter season (December, January and February), an increase of 2.3 percent over last winter. A person-trip is one person on one trip traveling 50 miles or more from home, one way.

A senior British Airways executive once referred to Virgin boss Sir Richard Branson as ‘the smiling pullover’. One wonders what term BA attaches to its other controversial archrival, Ryanair boss Michael O’Leary.

Climate change and global warming have become increasingly important challenges facing countries all around the world today. Climate change is with us and not only scientists acknowledge the fact.

It's that time of year again when we start talking and thinking about New Year's Resolutions even though they're old hat and we instinctively know they don't work.

Okura Hotels and Resorts is one of the most respected luxury hotel brands in Japan.

Hospitality Properties Trust (NYSE: HPT) today announced the resignation of Thomas M. O'Brien as its Executive Vice President, a position he held since 2002 after serving as HPT's Chief Financial Officer and Treasurer since 1996.

MeriStar Hospitality Corporation (NYSE: MHX), one of the nation's largest hotel real estate investment trusts (REIT), today announced that it has completed the sale of seven hotels with a total of 1,224 rooms to five separate buyers for aggregate proceeds of $31.5 million.

Company Completes Connectivity with Sabre, Galileo, and Amadeus