Hotel Revenue Management in a Stagnant Economy - By Neil Salerno
In a stagnant economy, using the principles of revenue management can help hoteliers to maintain and build average rate and occupancy. Even in tough times, every hotel experiences periods of higher demand. Recognizing those periods, in advance, can give you the ability to drive rates when you can and still retain the ability to modify rates during lower demand periods. Being diligent can produce big-time rewards. ...more

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Travelocity Analyzes How Travelers Are Changing Plans This Summer During an Era of Higher Prices
Travelocity Compares 2008 Travel Predictions to Actual Consumer Travel Behavior ...more

Latest Passenger Forecasts - 15 July 2008
As pre-booked summer holiday traffic hits the airport traffic stats the forecast is climbing a little from the bottom it reached last month. ...more

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American Express Signs New 'Folio' Agreement with IHG
American Express to Offer Clients Breakdown of Lodging Spend at nearly 2,800 IHG Properties in the U.S. ...more

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Best Western International Launches 'Best Western TV'
Hotel Chain Unveils the 'Worst Summer Job Ever' Video Contest ...more

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Barcelo Hotels & Resorts Announces the Appointment of Claudio Zboznovits as Vice President of Sales & Marketing for the U.S. and Canada
Barcelo Hotels & Resorts today announced the appointment of travel industry veteran Claudio Zboznovits as Vice President of Sales & Marketing Director for the U.S. and Canada. Mr. Zboznovits joins Barcelo from The Mark Travel Corporation, based in Milwaukee, Wisconsin, where he was Director of the Latin America Division. Mr. Zboznovits brings more than 27 years of travel industry experience. ...more

The Dorchester Hotel Announces New General Manager
Dorchester Collection Names Roland Fasel General Manager of The Dorchester ...more

Gail Chapelsky Appointed General Manager of L'Hermitage Hotel in Downtown Vancouver
Boutique Hotels & Resorts of British Columbia is pleased to announce the appointment of Gail Chapelsky as general manager of the new L'Hermitage Hotel that opened its doors in Vancouver this month. ...more

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The Hongkong and Shanghai Hotels, Limited Signs Heads of Agreement for a Proposed Hotel Development in Paris, France
The Hongkong and Shanghai Hotels, Limited (HSH) today announced that it has entered into a heads of agreement (HOA) with Qatari Diar Real Estate Investment Company (QD) for a proposed hotel development in Paris, France. ...more

IHG Announces Crowne Plaza Hotel Coming to the Heart of Illinois
Bloomington-Normal hotel boasts over 9,000 square feet of meeting and banquet space ...more

Sino Express Travel Announces New Property Development in Chengdu, China
Sino Express Travel Limited (OTC:SXPT) announced that it has signed a Memorandum of Understanding to acquire a 1,445 square-meter property in Chengdu, Sichuan Province, China, for US$3,000,000. Sino plans to renovate the building into a suite hotel with restaurant and bar facilities. ...more

Rose Hall Resort & Spa Joins Hilton Hotels & Resorts
Jamaican Beachfront Resort Now Offers Guests Access to Exclusive Hilton Services and Benefits ...more

Ashford Hospitality Trust Invests in 23.9% IRR High Yield Hotel Portfolio Mezzanine Loan
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it has acquired a mezzanine loan participation secured by interests in 681 extended-stay hotels recently purchased by affiliates of Lightstone Group and Arbor Realty Trust. Funding for the acquisition is being provided by ongoing asset sales. ...more

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ASTA Declares Victory Against Massachusetts Hotel Tax Proposal
ASTA continued its unbroken record in its fight against anti-travel agent tax provisions at the state level today when Massachusetts Governor Deval Patrick signed the Massachusetts corporate tax bill, minus a provision that would have taxed travel agents' service fees for online booking of hotel rooms in the Commonwealth. ...more

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