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2008-08-07 News Highlights

Features

The Power of Thought - By Dr. Rick Johnson
You are today what you thought about yesterday. Chances are you will be tomorrow what you think about today. That is why it is so important that you learn from life itself. Life is a great teacher. Mistakes build character. Every attitude you display is a reflection of your character. Character is who we are. Our character is based on what life has already taught us. ...more

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Trends

Weekly U.S. Lodging Performance for the week ending August 2, 2008
The U.S. hotel industry posted declines in two key performance measurements during the week of 27 July - 02 August 2008, according to data from STR. ...more

Getting Rid of Conventional Wisdom in Corporate Damage Control
The last thing that a company wants is to face a crisis. ...more

Chinese hotel industry looks for Olympic boost
First half of 2008 comes up short, RevPAR declines in major markets ...more

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Sales and Marketing

Hawthorn Suites Online Sweepstakes Features Vacation and Instant Prizes
An online sweepstakes offered this month by the all-suites, extended-stay Hawthorn Suites hotel brand features a grand-prize vacation for four to Orlando and instant win prizes to be awarded daily including Southwest Airlines discounts, $50 gas cards and handheld global positioning systems. ...more

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Appointments

Millennium Hotels and Resorts Appoints New Regional Vice President and General Managers
Vincent Piro and Jordan Cooper join Millennium Biltmore Hotel and Millennium Hotel Cincinnati, respectively ...more

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Development

Sandman Hotel Group Announces the Development of a new Sandman Signature Hotel in Kamloops, British Columbia
Sandman Hotel Group announced the development of a new Sandman Signature Hotel in Kamloops, British Columbia. Construction will start this Fall on the 150-room Hotel located in downtown Kamloops across from the Interior Savings Centre, home of the Kamloops Blazers. ...more

New Hotel Indigo Beginning Construction in Downtown Athens, Ga.
Project Pursuing LEED(R) Gold-Certification from U.S. Green Building Council ...more

InterContinental Hotels Group (IHG) announces signing of Crowne Plaza Riyadh
The 300-room hotel - scheduled to open in late 2010 - is a partnership with Mohammed A. Al-Swailem for Commercial Investment Co. Ltd. ...more

Choice Hotels International and Och-Ziff Real Estate Acquisitions Enter Into Hotel Development Joint Venture
Companies to Provide Equity to Fuel Development and Growth of Choice's Cambria Suites, MainStay Suites and Suburban Extended Stay Brands ...more

Rezidor announces the Radisson Hotel Dresden Radebeul
Takes over the Park Hotel Dresden Radebeul in Germany and operates the property as Radisson Hotel Dresden Radebeul as from January 1, 2009. ...more

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Financial

Uniform System Of Accounts For The Lodging Industry - Tenth Edition - Major Changes
The Financial Management Committee of the American Hotel and Lodging Association (AH&LA), in conjunction with the Hospitality Financial and Technology Professionals (HFTP), published the tenth edition of the Uniform System of Accounts for the Lodging Industry (USALI) in the fall of 2006. ...more

Strategic Hotels & Resorts Reports Second Quarter 2008 Results
North American total revenue per available room (Total RevPAR) increased 2.7 percent ...more

Strategic Hotels & Resorts Reports Second Quarter 2008 Results
North American total revenue per available room (Total RevPAR) increased 2.7 percent ...more

Sol Meliá Profits Of 36.7 Million Euros For The First Half Of The Year
The hotel chain Sol Meliá today announced financial results for the first half of the year which show a net profit of 36.7 million euros and revenues of 618.5 million euros. ...more

Trump Entertainment Resorts Reports Second Quarter 2008 Results
Mark Juliano, Chief Executive Officer of the Company, said, The weakened economy - driven by tight credit markets, declines in consumer confidence and rising oil prices - has had a significant impact on the gaming industry across America. ...more

Ashford Hospitality Trust Reports Second Quarter Results
Total revenue increased 8.2% to $318.4 million from $294.3 million ...more

Red Lion Reports Second Quarter 2008 Results
Increases RevPAR and EBITDA in a challenging market ...more

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Openings

The Rezidor Hotel Group Announces New Radisson SAS Tala Bay Resort in Jordan
Prime Beach Front Location Overlooking the Gulf of Aqaba ...more

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Other

The world's coolest hotel rooms
Bill Tikos, editor of trend-setting blog, the cool hunter, picks his top ten sexy hotel rooms from his new book ...more

Cornell Student Receives Jack Craver Scholarship
AH&LEF Honors Industry Influencer's Passing By Furthering Student's Hospitality Education ...more

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 Departments

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 .  Appointments 1
 .  Development 5
 .  Features 1
 .  Financial 7
 .  Openings 1
 .  Other 2
 .  Sales and Marketing 1
 .  Trends 3

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