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During 2000 Hilton RevPAR Up 7.8%, Occupancy Improved 2.0 points to 73.3% / Jan 2001
January 30, 2001
Hotel Online News for the Hospitality Executive advertisement During 2000 Hilton RevPAR Up 7.8%, Occupancy Improved 2.0 points to 73.3% Systemwide Brand Statistics BEVERLY HILLS, Calif - Jan. 24, 2001- Hilton Hotels Corporation (NYSE:HLT) today reported results for the fourth quarter and fiscal year ended December 31, 2000. Strong results both for the quarter and full year were highlighted by significant increases in revenue per available room (RevPAR) at the companys owned-or-operated hotels and at all of the brands in the Hilton portfolio, as well as strong gains in total earnings before interest, taxes, de...
Visitor Arrivals in Hong Kong Hit a New Record in 2000, Topping 13 million for the First Time / Jan 2001
January 30, 2001
Hotel Online Special Report Visitor Arrivals in Hong Kong Hit a New Record in 2000, Topping 13 million for the First Time Plans for New Tourism Logo HONG KONG - Jan. 16, 2001 - Visitor arrivals in Hong Kong hit a new record in 2000, topping 13 million for the first time, Hong Kong Tourist Association (HKTA) Chairman, Mrs. Selina Chow Liang Shuk-yee, JP revealed last week. The provisional total of 13.06 million visitors represents a 15% increase on the 1999 figure, as well as eclipsing the previous record of 12.97 million, set in 1996. Mrs. Chow announced the achievement during a luncheon speech to the Hong Ko...
Visitor Arrivals in Hong Kong During November 2000 Topped a Million for the Ninth Consecutive Month / Jan 2001
January 30, 2001
Hotel Online Special Report Visitor Arrivals in Hong Kong During November 2000 Topped a Million for the Ninth Consecutive Month Hotel Room Occupancy Rate (%) by Category Renewed Long Haul Market Growth Helps Keep Year End Targets Well in Sight Dec 30, 2000 - Visitor arrivals in Hong Kong during November 2000 topped a million for the ninth consecutive month, according to figures released today ( 30 December) b the Hong Kong Tourist Association (HKTA). The total of 1,118,517 arrivals represents a 7.2% increase on the same month in 1999. While the growth rate is tower than in some previous months, overall growt...
Holiday Inn London-Heathrow Sold for $46 million; BDL Hotels Remains as Operator / Jan 2001
January 30, 2001
Hotel Online Special Report Holiday Inn London-Heathrow Sold for $46 million; BDL Hotels Remains as Operator Transaction Closes 6 Weeks After Being Taken to Market by Insignia New York, NY - January 30, 2001 - Insignia Hotel Partners completed the sale and leaseback of the 230-room Holiday Inn London-Heathrow, located adjacent to the main access points for Terminals 1, 2 and 3 at Heathrow Airport. The property was sold by BDL Hotels Limited to Standard Life Investment Fund Limited for approximately $46 million. Insignia Hotel Partners represented BDL Hotels with Sandrove Brahams as joint agents. ...
HFTP and HSMAI Jointly Conducting Technology Development Briefing at 2001 Orlando HITEC Show; HITEC Selects Chicago, Ill. at McCormick Place for 2002
January 30, 2001
Hotel Online Special Report HFTP and HSMAI Jointly Conducting Technology Development Briefing at 2001 Orlando HITEC Show; HITEC Selects Chicago, Ill. at McCormick Place for 2002 Show AUSTIN, TEXAS, January 24, 2001 Hospitality Financial and Technology Professionals (HFTP®), in conjunction with the Hospitality Sales & Marketing Association International (HSMAI), are offering a unique opportunity for executives via the Sales & Marketing Briefing on Monday, June 25, from 1:00-5:00 p.m. The briefing is a Hospitality Industry Technology Exposition and Conference (HITEC®) preconference seminar and will b...
January 30, 2001
Hotel Online Special Report Harrahs Entertainment Board Approves Harrahs Participation In JCC Holding Reorganization Plan for Harrahs New Orleans Casino LAS VEGAS, Jan. 15, 2001 - Harrahs Entertainment, Inc. (NYSE: HET), said today that its board of directors has approved the companys participation in the proposed bankruptcy reorganization plan filed by JCC Holding Co., owner of the Harrahs New Orleans Casino. Harrahs Entertainment owns 43 percent of JCC Holding. JCC Holding announced Friday that other principal creditors and bank lenders have agreed to the proposed plan. JCC also sa...
January 30, 2001
Hotel Online Special Report Harrahs Awarded the CIO Magazine Enterprise Value Award for Information Technology Excellence LAS VEGAS, Jan. 30, 2001 - Harrahs Entertainment, Inc. (NYSE: HET - news) said today it has received the prestigious CIO Magazine Enterprise Value Award for its groundbreaking operational and strategic use of information technology. Harrahs is one of only three companies to receive the 2000 Enterprise Value Award. This years other winners include Office Depot and Tufts University. Previous Enterprise Value Award winners include Charles Schwab & Co., Dell Computers and Pfizer Inc. The Ent...
January 30, 2001
Hotel Online Special Report Year 2000 Disappointing for Harrahs Entertainment; Big Losses from Harrahs New Orleans and National Airlines LAS VEGAS, Jan. 18, 2001 - Harrahs Entertainment, Inc. (NYSE: HET - news), said today it expects to report a net loss of $1.36 to $1.40 per diluted share for the fourth quarter of 2000. The company said the net loss is due primarily to certain restructuring and other special charges that were recorded in the quarter: Reserves of approximately $220 million related to the previously announced bankruptcy reorganization of JCC Holding Company, which is approximately 43 perce...
Executive Hotels & Resorts Opens the Kittling Ridge Winery Inn Grimsby, Ontario / Jan 2001
January 30, 2001
Hotel Online Special Report Executive Hotels & Resorts Opens the Kittling Ridge Winery Inn Grimsby, Ontario VANCOUVER, BRITISH COLUMBIA January 16, 2001 Executive Hotels & Resorts is pleased to announce the latest addition to its growing hotel chain; the Executive Kittling Ridge Winery Inn. The full service hotel is located in the burgeoning wine region of Grimsby/Niagara, Ontario. The hotel was developed by KRI (Grimsby) Inc. and both Executive and KRI have entered into a multi year contract to operate the hotel as part of the Executive Hotels & Resorts chain. As well, the two parties have entered i...
Global Travel Trends for Year 2001; Hotel Chains Will Keep Strong Control Over Prices / Jan 2001
January 30, 2001
Hotel Online Special Report Global Travel Trends for Year 2001; Hotel Chains Will Keep Strong Control Over Prices Rosenbluth International Predicts Changing Costs, Fewer Seats and More Challenges for Corporations PHILADELPHIA - Jan. 24, 2001 - Rosenbluth International®, the travel management company with the second largest presence in the world, projects that business class travel costs will rise overall in 2001. The region specific factors affecting increasing costs include reduced aircraft capacity, diminished supplier competition and changing global economies. United States Rosenbluth International not...
Yesawich's Consumer Trends: Internet Irony / The Global Hospitality Advisor / JMBM / January 2001
January 30, 2001
Hotel Online Special Report The Global Hospitality Advisor Yesawich's Consumer Trends: Internet Irony January 2001 Internet Usage Spreading The Internet, access to which will soon to become as simple as making a call on your cell phone as more consumers convert from wired to wireless appliances, poses some fascinating opportunities and challenges for the lodging industry. Yes, it will certainly revolutionize many operating disciplines such as housekeeping, HR and purchasing, but its most significant impact is likely to be on the distribution of room inventory and the corresponding impact on the forces of supp...
Stephen Rushmore's Industry Trends – Top Markets, Predictions & Opportunities / The Global Hospitality Advisor / JMBM / January 2001
January 30, 2001
Hotel Online Special Report The Global Hospitality Advisor Stephen Rushmore's Industry Trends Top Markets, Predictions & Opportunities January 2001 - Stephen Rushmore is the President and Founder of HVS International, a leading hospitality consulting firm. Steve shares below his annual list of top markets in the U.S., for buy/build opportunities, as well as those where the cycle has perhaps peaked, and then ventures some provocative predictions and speculation on where opportunities will be found. Top Buy/Build Markets Detroit Los Angeles Tampa Long Island Boston S...
Outlook 2001: A Roundtable Discussion / The Global Hospitality Advisor / JMBM / January 2001
January 30, 2001
Hotel Online Special Report The Global Hospitality Advisor Outlook 2001: A Roundtable Discussion January 2001 - The editors of The Global Hospitality Advisor recently spoke with several leaders in the hospitality industry, exploring their outlook for the industry in the upcoming year and asking them to share their predictions with our readers. This annual roundtable issue of the Advisor features our discussion with: Jim Brown Rosewood Hotels & Resorts, LLC President & CEO Rosewood Hotels & Resorts is an international hotel management company currently operating 12 hotels and resorts with another seve...
Perspectives on Hotel Financing in 2001; Jim Butler, JMBM's Global Hospitality Group Chairman Interviews Two Active Players in Hotel Finance / T
January 30, 2001
Hotel Online Special Report The Global Hospitality Advisor Perspectives on Hotel Financing in 2001 Jim Butler, JMBM's Global Hospitality Group Chairman, Interviews Two Active Players in Hotel Finance The cost and availability of capital have an enormous affect on the hospitality industry, with far-reaching implications for property liquidity, values and new supply. Given the importance and recent shortage of financing to the industry, GHG Chairman Jim Butler interviewed two of the most consistently active players in hotel finance to hear their perspectives on hotel financing in 2001, critical issues today, a...
Commentator – Guest Comment Card Tracking / Metromedia Software, Inc. / January 2001
January 30, 2001
Guest Comment Card Tracking January 15, 2001 Guest Comment Cards -- So far, they've been High Priority tasks with Low Priority attention. The reason for that is simple...there has been no simple way to manage them. Commentator Changes the rules. Immediately see a list of actions taken for a guest: letters sent or e-mailed (thank you, apology) Amends or Rebates generated, or, if a phone call was made. Decentralize your GCC response. Involve your department heads without losing track of responses. if your hotel uses HotelExpert, complaints can be quickly researched, and therefore, allowing a quick...
Rosewood Hotels & Resorts to Manage New Luxury Hotel/Condo Developed by Fisher Island Partner / Jan 2001
January 30, 2001
Hotel Online Special Report Rosewood Hotels & Resorts to Manage New Luxury Hotel/Condo Developed by Fisher Island Partner FORT LAUDERDALE, Fla. - Jan. 4, 2001-- Daniel J. Melk, chairman of Luxury Resorts International, announced today that Rosewood Hotels & Resorts has been appointed to operate The Atlantic, a 130-unit oceanfront hotel/condominium to be built in Fort Lauderdale. Rosewood, known for its ultra-luxury, award-winning hotels and resorts, has a distinct portfolio of properties including The Mansion on Turtle Creek in Dallas, Las Ventanas al Paraiso in Mexico, The Lanesborough in London, and Bradr...
January 30, 2001
Hotel Online Special Report Willowbend Development Corp and Betteroads Asphalt Corp. Building a New 400-room Resort on Puerto Ricos Rio Grande, Fairmont to Manage the $140 million Resort TORONTO, Jan. 10, 2000 - William R. Fatt, chairman and chief executive executive officer of Fairmont Hotels & Resorts, is pleased to announce that the company has signed a letter of intent with Willowbend Development Corp, of Boston, Mass., and Betteroads Asphalt Corp., of San Juan, Puerto Rico, to manage a new $140 million, 400-room resort on Puerto Ricos Rio Grande, 25 miles east of San Juan. Construction o...
Fairmont Acquires the Outstanding 51% Ownership of The Fairmont Royal Pavilion and The Fairmont Glitter Bay in Barbados / Jan 2001
January 30, 2001
Hotel Online Special Report Fairmont Acquires the Outstanding 51% Ownership of The Fairmont Royal Pavilion and The Fairmont Glitter Bay in Barbados TORONTO, Jan. 12, 2001 - Fairmont Hotels & Resorts today announced that its parent company has acquired the outstanding 51 percent ownership of The Fairmont Royal Pavilion and The Fairmont Glitter Bay in Barbados from Michael Pemberton, majority shareholder of Pemberton Princess Hotels, Ltd. The distinguished Royal Pavilion and Glitter Bay resorts have been part of the Fairmont collection for more than two years now, and together we have shared record ...
Fairmont Hotels & Resorts Joins Avendra with Marriott, Hyatt, Bass, and ClubCorp / Jan 2001
January 30, 2001
Hotel Online News for the Hospitality Executive advertisement Fairmont Hotels & Resorts Joins Avendra with Marriott, Hyatt, Bass, and ClubCorp Toronto, Ontario, January 23, 2001 - Fairmont Hotels & Resorts announced today that it has signed a letter of intent to join Marriott International, Inc., Hyatt Hotels Corporation, Bass Hotels & Resorts and ClubCorp USA Inc. in founding Avendra LLC. The new company will be the largest Internet-enabled business-to-business hospitality procurement company in the world, poised to provide the hospitality industry with access to thousands of products and services that deli...
Four Seasons Hotels and Resorts Expanding International Presence 18 New Properties Slated for Opening by 2004 / Jan 2001
January 30, 2001
Hotel Online Special Report Four Seasons Hotels and Resorts Expanding International Presence 18 New Properties Slated for Opening by 2004 TORONTO, Canada January 2001 - Four Seasons Hotels and Resorts is expanding its international presence with approximately 18 new properties slated for opening by the year 2004. Future Developments in Canada Four Seasons Resort Whistler, Canada (2003)- Developed by Intrawest Corporation, a leading operator and developer of year-round destination resorts across North America, the new Four Seasons Resort will be located at the base of Blackcomb Mountain within the British...
January 30, 2001
Hotel Online Special Report Four Seasons Hotels and Resorts Makes Fortune Magazines 100 Best Companies to Work for in America for Fourth Consecutive Year Toronto - January 3, 2001 - Four Seasons Hotels and Resorts (NYSE: FS; Toronto: FSH) is starting the new year off right. The leading luxury hotel company has been named to Fortune magazines list of 100 Best Companies to Work for in America, for the fourth year in a row. Four Seasons ranked 78th among leading employers in the US, and was the only Canadian company to make the list. To best serve our guests and create an environment that surpasses their e...
Fred Julius Appointed General Manager of Hospitality at Bald Head Island Resort / Jan 2001
January 30, 2001
Hotel Online Special Report Fred Julius Appointed General Manager of Hospitality at Bald Head Island Resort THE WOODLANDS, TEXAS, December 28, 2000 - Benchmark Hospitality has announced the appointment of Fred Julius as General Manager of Hospitality at Bald Head Island Resort, located across the Cape Fear River from Southport, North Carolina. John Wilderman, Vice President, made the announcement. Fred Julius brings 18 years of hospitality management experience to his new position at Bald Head Island Resort. Previously, Mr. Julius was Director of Operations at Founders Inn, a Benchmark property located in Vi...
27-year Hospitality Veteran, Frank Calaguire, Named SVP of Hotels Sales & Marketing Operations for Starwood / Jan 2001
January 30, 2001
Hotel Online Special Report 27-year Hospitality Veteran, Frank Calaguire, Named SVP of Hotels Sales & Marketing Operations for Starwood WHITE PLAINS, N.Y. - Jan. 26, 2001-- Former Hyatt and Renaissance sales executive Frank Calaguire has been named senior vice president, hotel sales & marketing operations for Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT). In this new position, Calaguire will spearhead the effort to develop the strongest on-site hotel sales force in the industry, with a focus on increasing premium revenue in Starwoods hotels which includes Westin, Sheraton, Four Points by Sherato...
The Changing Role of Hotel Food and Beverage / Robert Mandelbaum / PKF / January 2001
January 30, 2001
by Robert Mandelbaum - January 2001 The 1990s was the breakthrough decade for hotel food and beverage, placing you either at the dining room table eating foie gras, or waiting on line in the lobby for a bran muffin. The attitude of hotel owners and operators towards food and beverage is one of two extremes; make a serious go of it, or limit your operations to meet the minimal needs of your guests. The days of chain-mandated, bland, break-even restaurants and lounges are history. A quick look at current hotel development reports shows the diversity of the food and beverage operations at hotels these days. The vast majority of n...
