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PhoCusWright Names the Next Generation of Groundbreaking Travel Innovators
PhoCusWright Inc. | November 21, 2013
SafelyStay Wins the $250K General Catalyst Award NEW YORK, NY--( Nov, 2013) - Travel industry research authority PhoCusWright Inc. has announced the award winners of The Travel Innovation Summit, held on Nov. 19, the first day of The PhoCusWright Conference currently underway in Hollywood, Fla. Each year, 30 innovators are selected to demonstrate groundbreaking applications and solutions that are set to change the travel industry, and the winners represent the best of this elite group. "New travel startups and legacy travel companies alike are pushing boundaries through all facets of technology -- from mobile to data to cloud -- to ben
Host Hotels & Resorts Sells the Four Seasons Atlanta for $62 million
Host Hotels & Resorts | November 21, 2013
BETHESDA, Md., Nov. 21, 2013 --- Host Hotels & Resorts, Inc. (NYSE: HST) announced today that the Company sold the 244-room Four Seasons Hotel Atlanta and the associated office space for $62 million. The proceeds will be used for general corporate purposes. "We are excited to announce this transaction. This sale continues to reduce our market presence in our non-target markets and brings our total dispositions since the beginning of last year to over $750 million," said Struan B. Robertson, executive vice president and chief investment officer.
Executive Chef Peter D’Andrea Joins Biloxi’s IP Casino
November 21, 2013
Nov. 21--BILOXI -- IP Casino Resort has a new executive chef who, among his culinary accomplishments, cooked for Julia Child's 80th birthday celebration. Peter D'Andrea comes to IP Casino with 40 years of experience in the food and beverage industry and will oversee the menu development for the casino's restaurants and catering services. "I am very excited to join the outstanding team at IP Casino Resort Spa and look forward to bringing F&B to a new culinary level," he said. He also will develop and implement culinary training programs at the resort. Following an apprenticeship, D'Andrea worked as a cook, sous chef and in restaurant
Caribbean Tourism Matters: Penalizing Loyalty is Not Good Marketing
November 21, 2013
Nov. 21--As we have now passed the latest 'book-by' date for the several times re-launched Barbados Island Inclusive promotion, is it time to analyse in depth just how cost-effective the initiative has been? Especially as it was one of the very few national marketing initiatives for this year that have either not been postponed, cancelled or simply just not implemented in the first place. Just to remind readers, the stated objective was to generate an "additional" 15,000 long-stay visitors between the end of May and 21 December 2013, who would spend BDS$30 million at a quoted cost of BDS$11 million to cover the promotional costs. Minist
Atlantic City’s Credit Rating Downgraded by Moody’s Due to Plummeting Tax Base of Casino Properties
November 21, 2013
Nov. 21--An Atlantic City casino industry stifled by lower gambling revenues and a plummeting tax base of casino properties led Moody's Investor Service to downgrade the resort's debt rating this week. The downgrade of $219 million of outstanding debt obligation and city-guaranteed bonds to Baa2 from Baa1 could make it more difficult and expensive for Atlantic City to borrow money in the future. A second report, this one by Standard & Poor's Rating Services, gave a more optimistic view of the city's financial future. Also released this week, it assigned an A- long term rating and stable outlook to Atlantic City's tax appeal refundin
MGM Resorts Workers OK Union Contract, Keep Free Health Insurance; Puts Pressure on Caesars
November 21, 2013
Nov. 21--A new labor contract landed on the Strip late Wednesday when two prominent Las Vegas unions voted to accept the terms of a fresh five-year contract with MGM Resorts International. More than 4,000 members from the Culinary Union and Bartenders Local 165 cast ballots, and 97 percent voted in favor of the deal. The lopsided tally followed on the heels of an 18-hour final meeting between union and casino officials on Nov. 5 at the Culinary Academy, where a contract emerged after four months of tedious chatter. "This agreement is the result of months of hard work and frank, honest discussion of difficult topics," said MGM spokesman
Fifty Years Ago, Walt Disney Saw Orlando as the Perfect Site for a New Kingdom
November 21, 2013
Nov. 21--50 years ago, Walt Disney flew over Orlando and Central Florida and decided this region would be the site of his newest theme park. His decision that led to Walt Disney World changed Orlando's world forever. 50 years ago, Orlando changed dramatically as Walt Disney flew over the region and decided that the unspoiled natural paradise of Central Florida was the best place to grow his dream of an attraction that would far surpass Disneyland Fifty years ago tomorrow, Orlando woke up to a fine fall day like the kind advertised in the tourist brochures in northern travel offices. Sapphire skies stretched over citrus groves, green scr
Tennessee’s Holiday Inn Wolfchase a Flagship for the Brands Billion-dollar Rebranding Effort
November 21, 2013
Nov. 21--The feel-good story of legendary Memphis entrepreneur Kemmons Wilson is the backdrop for a new multimillion dollar campaign by Holiday Inn to trumpet a $1 billion investment in the brand. Holiday Inn officials were at the Wilson family-owned Holiday Inn Memphis-Wolfchase Galleria hotel recently to show off the campaign. Founded by Kemnmons Wilson, Holiday Inn was a landmark Memphis business, renowned in the 1960s like FedEx Corp. is today. But a British brewer bought the hotel chain nearly a quarter century ago and moved the offices to Atlanta. The Wilson family, however, has remained at the center of the hospitality industry,