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2008-05-01 News Highlights

Trends

Cornell Center for Hospitality Research Roundtable Highlights Risks and Rewards of Service Innovations
Hotels and restaurants must innovate to remain competitive, but service innovations must be implemented in real time, and they can easily be duplicated by competitors. ...more

Weekly U.S. Lodging Performance for the week of Apr 20, 2008 - Apr 26, 2008
Weekly summary of Occupancy, ADR and REVPar for the United States. ...more

International Visitation To USA Up 11 Percent In January 2008 - Spending At $11.4 Billion For The Month
The U.S. Department of Commerce today announced that 3.4 million international visitors traveled to the United States in January 2008, an increase of 11 percent over January 2007. ...more

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Technology

Technology, Customer Expectations, Environmental Issues Will Drive Near-Term Decision Making For Electronic Distribution
The speed of technological innovation, growing realities of environmental sustainability and more demanding, value conscious customers are some of the most key near-term decision drivers for the hotel electronic distribution industry. These challenges and their various impacts were examined and debated during the final day of HEDNA's 2008 EMEA Conference, held at the Corinthia Lisboa Hotel. ...more

ReServe Interactive Unveils New Brand Strategy - Same Intuitive, Intelligent Product, Enhanced Message to Industry
ReServe Interactive, a leader in hospitality software solutions, announces a new brand strategy designed to dramatically enhance the company's current brand identity and elevate the look and feel of existing communications. The newly developed approach includes revised brand positioning, as well as a re-designed website and software interface, corporate collateral and marketing materials. ...more

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Appointments

Choice Hotels Appoints Stephen P. Joyce to Board of Directors
Choice Hotels International (NYSE:CHH) today announced that its board of directors has appointed Stephen P. Joyce (48) as a director. Effective May 1, 2008, Mr. Joyce will serve as president and chief operating officer of Choice Hotels International. ...more

Paul Follows Appointed Director Of European Development For Distinguished International(R) Hotels, Residences And Resorts
Bill Burruss, President of Distinguished International (R) Hotels, Residences and Resorts, LLC. is pleased to announce Paul Follows as Director of European Development. Distinguished International (R) develops, manages or markets independently owned luxury, upscale, highly unique resorts, private residences, and hotels around the world. ...more

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Development

Emaar Hospitality Group Launches Five-Star Premium Hotel Brand, 'The Address' Hotels & Resorts
The Address will roll out this year with the opening of flagship hotels in Downtown Burj Dubai and Dubai Marina. The Address will progressively operate four brand extensions offering distinct experiences within the Resort, Retreat, Urban and Business categories. ...more

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Financial

Las Vegas Sands Corp. First Quarter Quarterly Net Revenue Increases 71.8% and Reaches $1.08 Billion
Las Vegas Sands Corp. Reports First Quarter 2008 Results ...more

Wyndham Worldwide Reports Solid First Quarter 2008 Results
Announces reported EPS of $0.24, or adjusted EPS of $0.35 excluding legacy and rebranding charges ...more

Expedia, Inc. Reports First Quarter 2008 Results
Merchant Hotel and Advertising Fuel 21% OIBA Growth ...more

Gaylord Entertainment Co. Reports First Quarter 2008 Results
Q1 Results in Line with Expectations, Company Reiterates Same-Store Full-Year Guidance for 2008 ...more

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Other

The Deluxe Chains Want to Be Chic, Too
Long a five-star fuddy-duddy, Le Méridien has entered a more glamorous phase. Flush with cash since 2005 from its new American owners - the Starwood Hotels and Resorts group - and eager to exert its presence beyond the Continent, Le Méridien, a European luxury brand, is moving from stodgy to sexy. ...more

NBTA: US-VISIT Exit Plan Would Create Undue Stress on U.S. Economy
The National Business Travel Association (NBTA) - the business travel industry advocacy organization - voiced concern about a plan to hold airlines and cruise lines responsible for collection of biometric identifiers from non-U.S. citizens as they exit the country. The Department of Homeland Security (DHS) proposed the plan as a way to meet exit requirements of the US-VISIT border security program. ...more

Ritz-Carlton Bali hotel management agreement termination further court order - By Jim Butler, author of www.HotelLawBlog.com
U.S. District Court confirms that Owner of the Ritz-Carlton Bali can terminate long-term, no-cut management agreement without penalty. ...more

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 .  Appointments 2
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 .  Financial 4
 .  Other 3
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