Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Accor and Colony Capital Launching Takeover Bid for Compagnie Européenne de Casinos and Create a European Casino Group / December 2001
April 30, 2001
Hotel Online Special Report Accor and Colony Capital Launching Takeover Bid for Compagnie Européenne de Casinos and Create a European Casino Group Paris, December 17, 2001 - Accor Casinos is launching a friendly bid to purchase all outstanding shares of Compagnie Européenne de Casinos at a price of 52 euros per share. The share price represents a premium of 36% over the average share price of the past three months. Based on the acquisition of 100% of all outstanding shares, convertible securities and warrants, the bid is valued at 258 million euros. On December 14, 2001 Accor Casinos acquired, from the f...
Anthony A. Falor Named President & CEO of Cendant's Knights Inn and Villager Brands / December 2001
April 30, 2001
Hotel Online Special Report Anthony A. Falor Named President & CEO of Cendant's Knights Inn and Villager Brands PARSIPPANY, N.J.- December 21, 2001 - Cendant Corporations Hotel Division today announced the appointment of Anthony A. Falor as president & chief executive officer of its Knights Inn and Villager brands, effective next month. Falor formerly served as senior vice president, franchise sales & development, for Cendants Villager and Wingate Inn brands. From 1996 to 1999 he was midwest regional vice president for Cendants Travelodge and Knights Inn brands. He joined the company in 1990 as ...
March 30, 2001
RSBA & Associates Hospitality Consulting Services 400 Spear Street, Suite 106 San Francisco, CA 94105 Email: rickswig@rsbaswig.com Web site: http://www.rsbaswig.com Email: rickswig@rsbaswig.com Web site: http://www.rsbaswig.com Where We Are Now Depends on Starting Point By Rick Swig, Summer 2001 In answer to the question, Hows business? a hotel owner should retort Compared to what? In most cities and regions occupancy levels are down from calendar year 2000. Although nobody should accept lower performance in a subsequent year, there should be no denying that 2000 was a special juncture, where...
Jan deRoos Elected by Cornell Trustees as HVS International Professor Hotel Finance and Real Estate / Sept 2001
March 30, 2001
Hotel Online Special Report Jan deRoos Elected by Cornell Trustees as HVS International Professor Hotel Finance and Real Estate August 16, 2001 - Stephen Rushmore, president and Founder of HVS International, is pleased to announce that Jan deRoos, Cornell University Associate Professor of Property-Asset Management, was recently elected by the Universitys Board of Trustees as the HVS International Professor of Hotel Finance and Real Estate. Rushmore, a 1967 graduate of the Cornell Hotel School, established this professorship in the name of HVS International several years ago to further the study of hotel finance ...
Wingate Inn® Hotel Chain Adds Wingate Inn & Suites as New Brand Extension / Sept 2001
March 30, 2001
Hotel Online Special Report Wingate Inn® Hotel Chain Adds Wingate Inn & Suites as New Brand Extension PARSIPPANY, NJ (September 14, 2001) - Business travelers are taking families along on more business trips, family travel is increasing, and Wingate Inns is quickly expanding its presence in leisure markets. What do these facts mean? They mean action as Wingate Inns International, Inc. announces the launch of Wingate Inn & Suites, an extension to its Wingate Inn hotel chain. All new Wingate Inn & Suites hotels will feature a 30% minimum room inventory of spacious suites to go along with all the standa...
Angela Willis, Associate Publisher of HOTEL Asia Pacific Magazine, Dies in Plane Crash / Sept 27, 2001
March 30, 2001
Hotel Online Special Report Angela Willis, Associate Publisher of HOTEL Asia Pacific Magazine, Dies in Plane Crash Septe 27, 2001 - Angela Willis, Associate Publisher of Sales & Marketing for industry magazine HOTEL Asia Pacific, died Tues in a light-aircraft accident in Nairobi. Also killed was her fiance, Cathay Pacific pilot Tim Lin. The couple were on holiday at the time of the accident. HOTEL Asia Pacific publisher/editor Steve Shellum said: "We are devastated. Angela was a true professional who was passionate about the magazine. She was well known and well respected throughout the industry, and will be...
Five Best Western Hotels Re-flagged as WestCoast Hotels / Sept 2001
March 30, 2001
Hotel Online Special Report Five Best Western Hotels Re-flagged as WestCoast Hotels SPOKANE, Wash., Sept. 25, 2001 - WestCoast Hospitality Corporation (NYSE: WEH) has announced that after recent upgrades to several former Best Western Hotels they will be re-flagged as WestCoast Hotels (a division of WestCoast Hospitality Corporation). These hotels are located in Twin Falls and Post Falls, Idaho; Helena and Kalispell, Montana; and Hillsboro, Oregon. The hotels' re-branding will not only benefit core business practices, it will be an advantage to each individual community as a whole. On Sept. 28th, the hotel...
Businesses Turn to Videoconferencing, Webcasts; Ripple Effects Cascade Down to Hotels / Sept 2001
March 30, 2001
Hotel Online News for the Hospitality Executive Businesses Turn to Videoconferencing, Webcasts; Ripple Effects Cascade Down to Hotels By Katherine Yung, The Dallas Morning News Knight Ridder/Tribune Business News Sep. 18--As Corporate America scrambles for ways to conduct business without using airplanes, it is increasingly turning to electronic technology. To cope with the uncertainties hanging over air travel, many companies Monday began lining up teleconferencing and videoconferencing services and investigating methods of Internet communication -- in addition to driving, using Amtrak or simply postponing or canceli...
Videoconferencing; Will This Be the Event that Drives Widespread Adoption / Sept 2001
March 30, 2001
Hotel Online News for the Hospitality Executive Videoconferencing; Will This Be the Event that Drives Widespread Adoption By D.C. Denison, The Boston Globe Knight Ridder/Tribune Business News Sep. 23--Jitters over business travel following the terrorist attacks is expected to drive an increased demand for videoconferencing. Sounds like a plausible argument. At least it did in 1988, after Pam Am Flight 103 exploded over Lockerbie, Scotland. In fact, the Lockerbie crash did slightly boost the nascent videoconferencing industry, but usage quickly leveled off as the business travel market rebounded briskly. The scenar...
Trade Shows Totaling Nearly 300,000 Delegates Confirm They Will be Held in Las Vegas as Scheduled In Early October and Mid-November / Sept 2001
March 30, 2001
Hotel Online Special Report Trade Shows Totaling Nearly 300,000 Delegates Confirm They Will be Held in Las Vegas as Scheduled In Early October and Mid-November LAS VEGAS, Sept. 20, 2001 - Show managers from Comdex, Specialty Equipment Market Association (SEMA), Fun Expo and Amusement Music Operators Association (AMOA) today confirmed with the Las Vegas Convention and Visitors Authority (LVCVA) that they plan to move forward with their scheduled trade shows in Las Vegas. The four shows, scheduled between early October and mid-November, represent a total of nearly 300,000 delegates and an economic impact...
Hotel Occupancy Rates from 100 percent to as Low as 40% Force Las Vegas Megaresorts to Lay Off Hundreds / Sept 2001
March 30, 2001
Hotel Online News for the Hospitality Executive Hotel Occupancy Rates from 100 percent to as Low as 40% Force Las Vegas Megaresorts to Lay Off Hundreds By Dave Berns, Las Vegas Review-Journal Knight Ridder/Tribune Business News Sep. 20--MGM Mirage managers have scheduled a second round of meetings today to consider job cuts after the Aladdin on Wednesday eliminated 500 jobs and Paris-Bally's laid off an estimated 250 workers because of a decline in travel after last week's terrorist attacks. The nationwide airport shutdown and traveler fears of additional attacks in the United States have pushed the city's hotel ...
Utah Hotel Association To Hold Annual Convention in Ogden, Utah / Sept 2001
March 30, 2001
Hotel Online News for the Hospitality Executive Utah Hotel Association To Hold 2001 Convention in Ogden, Utah By Gary Hinds, Standard-Examiner, Ogden, Utah Knight Ridder/Tribune Business News Sep. 5--OGDEN, Utah--Just over five months before they play host to the world, Utah hoteliers and lodging professionals will be playing the guest role in Ogden. The Utah Hotel & Lodging Association will hold it 2001 Annual Convention & Trade Show, titled "Lighting the Fire of Hospitality," on Thursday and Friday in Ogden, which will be home to the downhill and super-G ski races at Snowbasin and curling at the Ice Sheet when Ut...
Tucson Hoteliers Report $10 million in Canceled Reservations, Resort Properties Running as Low as 4% Occupancy / Sept 2001
March 30, 2001
Hotel Online News for the Hospitality Executive Tucson Hoteliers Report $10 million in Canceled Reservations, Resort Properties Running as Low as 4% Occupancy By Jeannine Relly, The Arizona Daily Star, Tucson Knight Ridder/Tribune Business News Sep. 19--From empty hotel rooms to canceled conventions to silent telephones at travel agencies, the economic losses from last week's terrorist attacks on the East Coast are mounting in one of Tucson's most important industries. Most airlines have resumed normal schedules from Tucson International Airport. But many would-be travelers are opting to stay home, threatening to c...
Olga Polizzi Discusses Success with Hotel Tresanton in Cornwall, England / Sept 2001
March 30, 2001
Hotel Online News for the Hospitality Executive OPINION: Olga Polizzi Discusses Success with Hotel Tresanton in Cornwall, England By Olga Polizzi, Sunday Business, London Knight Ridder/Tribune Business News Sep. 2--The best decision that I have ever made was ignoring everyone who told me "you can't make money in Cornwall". Granada bought Forte in 1996 and for the first time in my life I was cash-rich. I had always had shares in Forte plc, which provided an income, but my father, Lord Forte, had always strongly discouraged us from selling them. To begin with, I had no idea what to do with the money. For years, my ...
American Travelers Are Bored Traveling to the Same Places; Would Like to Go Someplace They've Never Been Before / Sept 2001
March 30, 2001
Hotel Online Special Report American Travelers Are Bored Traveling to the Same Places; Would Like to Go Someplace They've Never Been Before American Travelers Want to Shed the 'Been There, Done That' Syndrome, Expand Horizons, Analyst Tells Society of American Travel Writers HAMILTON, Bermuda, Sept. 8, 2001 - American travelers are bored and, despite the soft economy, want to climb out of the "been there, done that" rut they're in, a leading travel analyst told weekend delegates to the Society of American Travel Writers convention in Bermuda. Peter Yesawich, president of Orlando-based Yesawic...
Travel Industry Faces Different Kind of Aftershock / Sept 2001
March 30, 2001
Hotel Online News for the Hospitality Executive Travel Industry Faces Different Kind of Aftershock By Jill Schensul, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News Sep. 13--Shock waves from the terrorist attacks in Manhattan and Washington are spreading throughout the travel industry, creating a maelstrom of confusion among professionals and passengers alike. And numerous travelers, still reeling from the terror of seeing hijacked airplanes propelled like missiles into high-profile buildings, have been canceling trips. With air traffic across America halted for the first time in history, airli...
A Time of Transformation in the Hospitality Industry / Carol Bullock-Walter and Mark Haley / Sept 2001
March 30, 2001
Hotel Online Special Report A Time of Transformation in the Hospitality Industry By: Carol Bullock-Walter and Mark Haley September 14, 2001 Our lives changed Tuesday. So did yours and those of everyone you know. Our worst nightmares became reality in our living rooms as terrorists struck the World Trade Center the Pentagon and the passengers on the four hijacked commercial airline flights. They tried to destroy the heart of America, killing husbands, wives, neighbors, friends, children, loved ones and associates, permanently scarring the symbolic landmarks of New Yorks financial district and Americas military...
Congressional Debate Over Raising Minimum Wage Tends to Leave Out Tipped Workers / Sept 2001
March 30, 2001
Hotel Online News for the Hospitality Executive Congressional Debate Over Raising Minimum Wage Tends to Leave Out Tipped Workers By Jonathan J. Higuera, The Arizona Daily Star, Tucson Knight Ridder/Tribune Business News Sep. 3--As a skycap at Tucson International Airport, Abe Dominguez relies on tips to get by. With an hourly wage of $2.58, he's developed a squirrel's habit of putting earnings aside for leaner times, especially during the slow summer season. "You'd be surprised at the number of people who don't know we work on tips," the 26-year-old Tucson native said. "But there's nothing we can do because we ...
Texas Attorney General Probes Reports of Price Gouging / Sept 2001
March 30, 2001
Hotel Online News for the Hospitality Executive Texas Attorney General Probes Reports of Price Gouging By Polly Ross Hughes, Houston Chronicle Knight Ridder/Tribune Business News Sep. 13--AUSTIN -- Hundreds of price-gouging complaints are pouring into the Texas attorney general's office, with businesses accused of illegally profiting from panic. "We've had confirmed reports of up to $5 a gallon for gasoline and unconfirmed reports as high as $7," Texas Attorney General John Cornyn said Wednesday, noting the highest prices were found in North Texas and the Rio Grande Valley. Although price spikes at gas pumps wer...
Tim Laska, Sales Director, Returns to Restore Green Oaks Hotel in Fort Worth to Former Stature / Sept 2001
March 30, 2001
Hotel Online News for the Hospitality Executive Tim Laska, Sales Director, Returns to Restore Green Oaks Hotel in Fort Worth to Former Stature By Sandra Baker, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News Sep. 18--FORT WORTH, Texas--When Tim Laska walked through the doors of the Green Oaks Hotel in April to report for his first day of work, he says it seemed as if he had never left a job he had there more than 25 years ago. "Walking in here was deja vu," Laska says. "Some of the colors are different and there has been some renovation, but some of the people are still here." That was a com...
Thompson Calhoun Fair Brokers Sale of Atlanta Homewood Suites Buckhead for $12.8 million / Sept 2001
March 30, 2001
Hotel Online Special Report Thompson Calhoun Fair Brokers Sale of Atlanta Homewood Suites Buckhead for $12.8 million ATLANTA, Georgia, April 26, 2001 - Thompson Calhoun Fair, LLC, an Atlanta-based hotel real estate firm, announced today it advised NSM Buckhead Hotel, LLC in the disposition of the 92-unit Homewood Suites Hotel located on Piedmont Road in Atlanta (Buckhead), Georgia for a reported $12.8 million. The hotel opened in October 1997 and features apartment-style suites with living room, separate bedroom and fully-equipped kitchens. The property was sold to Apple Suites, Inc., a hotel REIT based in...
Jonathan Tisch, Bill Marriott, Jr, Others Meet with Secretary of Commerce Don Evans; Reiterate Call for a Presidential Advisory Council on Travel and
March 30, 2001
Hotel Online Special Report Jonathan Tisch, Bill Marriott, Jr, Others Meet with Secretary of Commerce Don Evans; Reiterate Call for a Presidential Advisory Council on Travel and Tourism WASHINGTON - Sept. 25, 2001-- In an effort to address the impact on the travel and tourism industry of the recent terrorist attacks, and to help the Bush Administration and Congress to restore the nation's confidence in traveling, members of the Travel Business Roundtable (TBR) met with Secretary of Commerce Don Evans today to discuss potential remedies for the crisis facing their industry. Jonathan Tisch, chair...
Survival Strategies in the Wake of the Terrorist Attacks: Impact on Travel and Hospitality / Max Starkov / Sept 2001
March 30, 2001
Hotel Online Special Report Survival Strategies in the Wake of the Terrorist Attacks: Impact on Travel and Hospitality By Max Starkov, September 2001 Though it is too early to assess the extent of the impact of the terrorist attacks on the travel industry and to foresee the ripple effects across various travel markets, there are some indications of what lies ahead. After a four-day trading pause, the markets hammered airline and travel-related stocks. It is impossible to predict what will be the long-term implications, but one thing is for sure: during such trying times the travel industry is especially vulnerable. Tr...
American Skiing Company Agrees to Sell Sugarbush Resort in Warren, Vermont to Summit Ventures NE / Sept 2001
March 30, 2001
Hotel Online Special Report American Skiing Company Agrees to Sell Sugarbush Resort in Warren, Vermont to Summit Ventures NE NEWRY, Maine, Sept. 11, 2001 - American Skiing Company (NYSE: SKI - news) announced today that it has entered into an agreement to sell its Sugarbush Resort in Warren, Vermont to Summit Ventures NE, Inc., a company formed by a group of local investors. "American Skiing Company is focused on improving our financial results and resort operations,'' said American Skiing Company CEO BJ Fair. ``While we were not seeking a buyer for Sugarbush, we believe the unsolicited offer we recei...
