Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Starwood Reports 4th Qtr Loss of $2 million Compared with a Profit of $130 million Last Year / Property Operating Results / Jan 2002
January 30, 2002
Hotel Online .Special Report Starwood Reports 4th Qtr Loss of $2 million Compared with a Profit of $130 million Last Year Property Operating Results WHITE PLAINS, NY - JAN. 31, 2002-- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today reported results for the fourth quarter and full year 2001. Fourth Quarter and Full Year Financial Results As expected, the terrorist attacks on September 11, 2001 continued to have a significant impact on the Company's results as lodging demand declined to unprecedented levels across the United States and internationally. Fourth quarter REVPAR for Same-Store Owned Ho...
Starwood Actively Marketing CIGA Portfolio of 25 Luxury Hotels / Jan 2002
January 30, 2002
Hotel Online Special Report Starwood Actively Marketing CIGA Portfolio of 25 Luxury Hotels WHITE PLAINS, N.Y. - Jan. 14, 2002 -- Starwood Hotels & Resorts Worldwide, Inc. announced today that it has initiated the formal sale of its CIGA portfolio of 25 luxury hotels, land, golf courses and marinas. The Company expects to begin reviewing preliminary indications of interest in mid-February. Deutsche Bank, Jones Lang LaSalle Hotels and JP Morgan are advising Starwood on the disposition of this collection of luxury, award-winning hotels and have now begun actively marketing these assets. In contrast to prio...
H.L. 'Scooter' Yates Appointed General Manager at the Historic Emily Morgan Hotel in San Antonio / Jan 2002
January 30, 2002
Hotel Online Special Report H.L. 'Scooter' Yates Appointed General Manager at the Historic Emily Morgan Hotel in San Antonio SAN ANTONIO, Jan. 7, 2002 - The Emily Morgan Hotel has chosen H.L. "Scooter" Yates to become the new general manager and lead a significant transformation of both the mission and look of the property. Yates was recruited to turn the historic property into an upscale design boutique hotel aimed at the sophisticated traveler. Besides overseeing the Emily Morgan's current renovation with his vision for creating the design boutique environment, Yates responsibilities include compil...
Hilton's RevPAR Down 22.8% for Fourth Quarter / Year End Hotel Statistics / Jan 2002
January 30, 2002
Hotel Online .Special Report Hilton's RevPAR Down 22.8% for Fourth Quarter Year End Hotel Statistics Fourth Quarter EPS $.01 Per Share BEVERLY HILLS, Calif. - Jan. 29, 2002 -- Hilton Hotels Corporation (NYSE:HLT) today reported financial results for the fourth quarter and fiscal year ended December 31, 2001. Occupancy and average daily rate (ADR) declines and group cancellations brought about by a severe slowdown in travel following the September 11 terrorist attacks resulted in significantly decreased net income; earnings before interest, taxes, depreciation, amortization and non-cash items (EBITDA), ...
January 30, 2002
Hotel Online .Special Report The Hong Kong Polytechnic University Offers International Scholarships for Masters and Ph.D. Degrees in Hotel and Tourism Management January 2002 - The Hong Kong Polytechnic Universitys School of Hotel and Tourism Management (HTM) offers several scholarships for international students to pursue a Master of Science (MSc) degree or research-based Doctor of Philosophy (PhD) degree programs. Successful candidates for the Ph.D. program will receive a monthly stipend of approximately HK$16,000 (approximately US$2,000) per month on a 12-month basis up to three years. Additional financia...
January 30, 2002
Hotel Online Special Report HITEC 2002 Featured Speakers Offer a Range of Session Topics - From Motivation to Forecasting Technologys Future AUSTIN, TX January 14, 2002 The 2002 Hospitality Industry Technology Exposition and Conference (HITEC®) will host several featured speakers to provide attendees with a variety of general session topics that range from motivation to forecasting technologys future. In honor of HITECs 30th anniversary, two of HITECs most popular speakers ever to appear at the conference, Daniel Burrus and John C. Dvorak, will inaugurate the 2002 conference. The two authors will provi...
The Greenbrier Opposes Raising Local Room Tax / Jan 2002
January 30, 2002
Hotel Online News for the Hospitality Executive The Greenbrier Opposes Raising Local Room Tax By Fanny Seiler, The Charleston Gazette, W.Va. Knight Ridder/Tribune Business News Jan. 16--Greenbrier County received $1.43 million last year from a 3 percent room occupancy tax that was imposed for the first time on The Greenbrier. But an increase in the hotel tax that Charleston Mayor Jay Goldman has proposed isn't getting any backing either from resort President Ted Kleisner or from Greenbrier County Commissioner Steve Malcomb, who insisted on The Greenbrier paying the tax. "Three percent is plenty. I don't want tha...
'Green' Hotels Association Earns ASTA'S 2001 Environmental Award / Jan 2002
January 30, 2002
Hotel Online Special Report 'Green' Hotels Association Earns ASTA'S 2001 Environmental Award HOUSTON - Jan. 14, 2002 -- The American Society of Travel Agents (ASTA), presented its celebrated Environmental Award for 2001 to Patricia Griffin, president, "Green" Hotels Association(R) at ASTA's World Travel Congress in New York City November 6. Patricia, accepting the award, said, "'Green' Hotels Association(R) is extremely honored and privileged to be chosen to receive ASTA's distinguished award. GHA looks forward to working with ASTA's 26,000 members worldwide in educating the WHAT ARE "GREEN" HO...
Patrice Glogg Named General Manager of the Hotel Quinta do Lago in Algarve, Portugal / Jan 2002
January 30, 2002
Hotel Online Special Report Patrice Glogg Named General Manager of the Hotel Quinta do Lago in Algarve, Portugal 14 Jan 2002 - Orient-Express Hotels has appointed Patrice Glogg General Manager of the Hotel Quinta do Lago, commencing 4 February 2002. Glogg replaces Sandro Fabris, who after six years in the Algarve has moved to Hotel Quinta do Lagos sister property, the Lapa Palace in Lisbon. Glogg joins Orient-Express Hotels from Switzerland where he was Managing Director of Bürgenstock Hotels & Resorts, a 150 acre property near Lucerne consisting of three deluxe hotels with 180 rooms, 7 restaurants ...
Gaylord Entertainment Keeps City of Grapevine Officials Happy by Keeping Opryland in Name of Resort / Jan 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Gaylord Entertainment Keeps City of Grapevine Officials Happy by Keeping "Opryland" in Name of Resort Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News Jan. 21--GRAPEVINE, Texas--Rebranding is for bum steers. That was the sentiment of shocked Grapevine officials when they learned that Gaylord Entertainment Co. intended to rebrand an Opryland resort under construction in their city -- and take the name "Opryland" out of the title. It was among several decisions by the Nashville, Tenn., company that have raised eyebrows among Grapevine officials in re...
Opening of $450 million Gaylord Palms a Monumental Occasion for Gaylord Entertainment / Jan 2002
January 30, 2002
Hotel Online .Special Report Opening of $450 million Gaylord Palms a Monumental Occasion for Gaylord Entertainment New Resort and Convention Center Features 4.5-acre Atrium Under Glass KISSIMMEE, Fla., Jan. 23, 2002 - At 2:02 p.m. on Feb. 2 (that's 02-02-02), Gaylord Entertainment (NYSE: GET) will ceremoniously open Gaylord Palms, a landmark new $450 million resort and convention center in the Kissimmee-St. Cloud Resort Area of Central Florida. Gaylord Palms features massive convention facilities, innovative restaurants, a Canyon Ranch SpaClub, and colorful Florida themes that carry throughout an exp...
The Generation Companies Starts Groundbreaking Program that Turns Hotel Managers Into Owner-partners / Jan 2002
January 30, 2002
Hotel Online .Special Report Hotel Management Company Starts Groundbreaking Program that Turns Hotel Managers Into Owner-partners January 31, 2002 - The Generation Companies (Generation) is changing the way hotels do business with an innovative program that promotes talented, ambitious hotel general managers to owner-partners. The Operating Partner Program gives hotel managers not only more autonomy, but, more importantly, a financial interest in their hotel. Loosely based on a model pioneered by Chik-Fil-A in the mid-1990s, the concept is new to the hotel industry. The Generation Companies is the first ho...
Receive A Free Report on GDS Booking Trends in Your Market / Jan 2002
January 30, 2002
Hotel Online Special Report Receive A Free Report on GDS Booking Trends in Your Market January 16, 2002 - Exclusive for Hotel-Online readers, TravelCLICK is offering a detailed 12-month analysis of hotel bookings for any market designated by a three-letter airport code. To receive this free report, please send an email to salesinfo@travelclick.net with "Free GDS Booking Report" in the subject line. Include the following in the text of the email: your name, title, email address, hotel name and address, and the three letter airport code for your territory (Example: ORD or CHI for Chicago). Limit one report per hotel...
Accor Defies Japanese Economic Turndown with Expansion of Formule 1 Hotel Chain / Jan 2002
January 30, 2002
Hotel Online Special Report Accor Defies Japanese Economic Turndown with Expansion of Formule 1 Hotel Chain 08 January 2002: Just as the first Formule 1 in Japan opens its doors in Isesaki, Gunma Prefecture north-west of Tokyo, Accor will begin construction of a second Formule 1 in Japan at Numazu, in the heart of the high-technology industrial area of Shizuoka Prefecture, 140 km west of Tokyo. The second Formule 1 is expected to open in July with 92 rooms and highlights Accor's aim to rapidly expand the budget brand in Japan. In addition to being a major business centre, the area is surrounded by many of Japan...
Restaurant Smoking Ban Nearing the Ballot in Florida / Jan 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Restaurant Smoking Ban Nearing the Ballot in Florida By Amaura Harris, Tallahassee Democrat, Fla. Knight Ridder/Tribune Business News Jan. 29--A statewide coalition pushing a ban on smoking in restaurants and workplaces says it has collected 500,000 signatures to get an initiative on the ballot this fall. The Supreme Court has scheduled oral arguments on the initiative for Feb. 7. The court must review the proposed constitutional amendment to determine whether it deals with only a single subject and doesn't contain deceptive language. Smoke-Free for Health must ha...
January 30, 2002
Hotel Online Special Report Florida International Universitys School of Hospitality Management Offers New Degrees in Travel and Tourism Management MIAMI, FL (Jan. 11, 2001) -- Florida International Universitys acclaimed School of Hospitality Management is prepared to offer a Bachelor of Science degree in Travel and Tourism Management and a Master of Science degree in Tourism Studies. These new degrees provide our graduates with the knowledge and skills necessary to enter into the global travel and tourism job market, said Joseph J. West, dean of FIUs School of Hospitality Management. Additionally, they enha...
Park Place Entertainment Corporation Names eToys Co-founder Frank Han to SVP for Electronic Commerce / Jan 2002
January 30, 2002
Hotel Online Special Report Park Place Entertainment Corporation Names eToys Co-founder Frank Han to SVP for Electronic Commerce LAS VEGAS - Jan. 21, 2002-- Park Place Entertainment Corporation (NYSE:PPE - news) today named eToys co-founder Frank Han to the newly created position of senior vice president for electronic commerce. In his new post, Han will lead Park Place's efforts to create innovative strategies for marketing its casino, hotel and resort products on the World Wide Web. In addition, Han will develop new Internet-based products. "Our goal is to become an on-line leader in the resort, gaming and e...
RevPAR for Fairmont Owned Hotels Down 17.0% In Fourth Quarter, Occupancy Down 7.9 points From Same Quarter Last Year / Jan 2002
January 30, 2002
Hotel Online .Special Report RevPAR for Fairmont Owned Hotels Down 17.0% In Fourth Quarter, Occupancy Down 7.9 points From Same Quarter Last Year Hotel Operating Statistics TORONTO, Jan. 23, 2002 - Fairmont Hotels & Resorts Inc. (TSE and NYSE: FHR) today announced its unaudited financial results for the three months and the year ended December 31, 2001. FHR expects to release its 2001 annual report in early March. All amounts are expressed in U.S. dollars. FHR's financial results for the year contain substantial non-recurring items related to the reorganization of Canadian Pacific Limited ("...
Food Industry Owners Feel the FDA is Going Overboard on Plans to Minimize Terrorist Acts / January 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Food Industry Owners Feel the FDA is Going Overboard on Plans to Minimize Terrorist Acts By Elise Young, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News Jan. 13--When the Pickle King of Paterson heard about the government's latest tactic against terrorism -- pushing the entire U.S. food industry to pry into the pasts of new hires -- his reaction was sour as a dill spear. "If the government wants a criminal background check," bellowed Richard E. Nadel, Pickle King's owner, "let them pay for it!" Such is the feeling among New Jersey fishermen, bakers, ma...
Radisson SAS Hotels & Resorts Announce First Installations of the EzRMS ASP Revenue Management Solution / Jan 2002
January 30, 2002
Hotel Online Special Report Radisson SAS Hotels & Resorts Announce First Installations of the EzRMS ASP Revenue Management Solution January 2002 - Radisson SAS Hotels & Resorts, part of Rezidor SAS Hospitality and one of the worlds leading hotel companies, signed an agreement in December with Easy (Ez) Revenue Management Solutions to implement the EzRMS ASP Internet Suite Of Products. Implementation of the system took place in December 2001, initially for three properties, and was completed within a 4-week period. Mr. Jacques Dubois, Vice President of Revenue and Channel Management for Radisson SAS Hotels &...
Boykin Lodging Investing $20 million in The Executive Plaza Hotel Chicago / Jan 2002
January 30, 2002
Hotel Online Special Report Boykin Lodging Investing $20 million in Rejuvenating The Executive Plaza Hotel Chicago Chicago, IL - January 2002 - The historic building with the instantly recognizable façade, anchoring the east end of Wacker Drive, The Executive Plaza Hotel at 71 E. Wacker Drive, will undergo a $20 million transformation in 2002. The magnificent new showcase that the Wacker Drive renovation will provide coupled with the dynamic creation of the yet to be named new hotel, will offer an outstanding complement to Chicagos new landscape. Cleveland-based Boykin Lodging, Co., (NYSE; BOY) owning partne...
January 30, 2002
Hotel Online Special Report Europes Hotel Investment Markets Alive and Well Jones Lang LaSalle Hotels Closes Four Deals in December 2001 London, 14th January 2002 Europes hotel investment markets saw a flurry of investment activity in the last part of 2001. December saw investment volumes of €344.3 million, a 37% rise over the same month in 2000 itself a record year. Jones Lang LaSalle Hotels closed four deals in the month of December. The final quarter of the year saw transaction volumes hit €746 million, representing 56.0% of total volume across Europe in 2001, showing a strong...
The University of South Carolina School of Hotel, Restaurant and Tourism Management Hosting a Hospitality Entrepreneurship Conference on April 13, 200
January 30, 2002
Hotel Online Special Report The University of South Carolina School of Hotel, Restaurant and Tourism Management Hosting a Hospitality Entrepreneurship Conference on April 13, 2002 in Columbia, SC The Hospitality Entrepreneurship Conference Where Professional Success is Learned January 2002 - Columbia, SC - Learn how to become financially independent by operating your own bed & breakfast, restaurant, club or country inn at the first annual Hospitality Entrepreneurship Conference held in Columbia, SC on April 13, 2002. The Hospitality Entrepreneurship Conference will instruct attendees on how to mast...
The Dotcom Bubble has Burst: How Can Travel Providers Profit Online? / Jan 2002
January 30, 2002
Hotel Online Special Report The Dotcom Bubble Has Burst: How Can Travel Providers Profit Online? Top e-travel brands to unveil radical next phase in online revolution at global conference 4 January 2002 - The controversial next stage in the e-travel revolution is set to begin when some of the industry's major players reveal their e-commerce strategies at ENTER 2002, the world's leading conference on IT in travel and tourism. Over 100 top-level speakers, representing all the leading e-travel names, will attend ENTER 2002 (23-25 January, Innsbruck, Austria) where they are expected to signal a seismic sh...
