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2008-09-11 News Highlights

Features

What have you done for me lately? - By J. Ragsdale Hendrie
The Oregon Tourism Commission has answered that question for their Stakeholders with the 'Q Care Program'. ...more

Lessons from the Field - Principles for Success as a Hotel Manager - 6 Observations on Finding and Employing Problem Solvers - By John Hogan
We all face challenges. For some hotels, it is the labor force, be it finding interested people, the expense or the need to improve the professionalism of the staff with increased training. For other hotels, it may a slipping occupancy or REVPAR. Cash flow or a changing market affects others. ...more

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Trends

France Summer 2008 Results: Turnover Of French Hotel Chain Industry Goes Beyond The Billion Euro Mark
In July and August 2008, hotel chains' lodging turnover rose by 4% compared to the corresponding period last year to reach nearly 1.1 billion euros. ...more

Weekly U.S. Lodging Performance for the week ending 06 September 2008
The U.S. hotel industry recorded occupancy and RevPAR declines during the week of 31 August - 06 September 2008, according to data from STR. The industry maintained positive rate growth. ...more

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Development

Host Hotels & Resorts Announces Acquisition of Six Hotels By Its European Joint Venture
Host Hotels & Resorts, Inc. (NYSE:HST) today announced that its joint venture in the Netherlands with Stichting Pensioenfonds ABP, the Dutch pension fund for public employees, and an affiliate of GIC Real Estate Pte Ltd, the real estate investment company of the government of Singapore Investment Corporation Pte Ltd, entered into an agreement to purchase six hotels comprising 1,954 rooms in three countries for approximately euro 565 million. ...more

Encore Enterprises Acquired Sterling Resorts And Sterling Realty
Encore Enterprises announced today that its Encore Hospitality subsidiary has acquired Destin, Fla.-based Sterling Resorts, LLC and Sterling Realty, LLC from The Sterling Companies through a stock purchase agreement. ...more

Fairmont Announces New Resort in Morocco
Fairmont Marrakech set to open in 2011 ...more

Four Points by Sheraton Sets Sights on El Paso, Texas
Four Points by Sheraton El Paso Airport Will Open in 2010, Offering Comfortable Beds, Great Extras and Proximity to Business Community and Downtown El Paso ...more

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Financial

HFTP to Host Roundtable on S.E.C.'s Proposed IFRS Regulations and Lodging Industry's System of Accounts
In response to last month's S.E.C. proposed IFRS Regulations, Hospitality Financial and Technology Professionals (HFTP(R)) is hosting an invitational roundtable to discuss how the changes could impact the hospitality industry's standard accounting systems. ...more

Choice Hotels International Increases Dividend By 9 Percent
Choice Hotels International, Inc., (NYSE:CHH) today announced that its Board of Directors has approved a 9 percent increase in the quarterly cash dividend on the company's common stock, representing an increase from $0.17 to $0.185 per share, effective with the dividend payable on October 17, 2008 to shareholders of record on October 3, 2008. ...more

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Openings

Hilton Garden Inn Clarksville Opens Doors in Tennessee
Hilton Garden Inn(R), one of the fastest growing brands that is part of the Hilton Family of Hotels announced the opening of the 111-room Hilton Garden Inn Clarksville in Clarksville, Tenn., which represents the latest addition to the brand's growing portfolio of more than 400 Hilton Garden Inn locations across North America and Europe. ...more

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Other

Who Should Train Your Employees? - By Harry Nobles
Unlike many questions, this one has a simple answer. ...more

Hotel bosses took staff 'tips'
Banqueting managers at The Dorchester, one of the country's most prestigious hotels, have been deducting money from their staff's service charges and adding it to their own, a BBC London investigation has discovered. ...more

Issue: Carlson: Succession Planning in a Pinch
The hospitality and travel company hadn't anticipated going outside the family for a new CEO, so there were no Plan B candidates for the top job. ...more

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 Departments

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 .  Development 4
 .  Features 2
 .  Financial 2
 .  Openings 1
 .  Other 3
 .  Trends 2

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