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Luxury Segment Experiences Solid Fundamentals – Four Seasons Hotels Inc. 1999 Net Earnings Up 24.1% / Feb 2000
January 30, 2000
Hotel Online Special Report Luxury Segment Experiences Solid Fundamentals - Four Seasons Hotels Inc. 1999 Net Earnings Up 24.1% Summary of Hotel Operating Data - Core Hotels TORONTO - Feb. 16, 2000--Four Seasons Hotels Inc. -- (NYSE:FS)(ME:FSH.) (TSE:FSH.) today reported its fourth quarter 1999 and year-end results for the period ended December 31, 1999. Net earnings for the quarter ended December 31, 1999 increased 23.9% to $33.9 million ($0.98 earnings per share), as compared to $27.4 million ($0.81 earnings per share) for the quarter ended December 31, 1998. For the year ended December 31, 1999, net earnings ...
Four Seasons Expanding Brand by Focusing on Resort Destinations – 5 Resort, 2 City Developments Underway / Feb 2000
January 30, 2000
Hotel Online Special Report Four Seasons Expanding Brand by Focusing on Resort Destinations 5 Resort, 2 City Developments Underway Summary of 1999 Hotel Operating Data - Core Hotels Summary of 1999 Hotel Operating Data - Core Hotels TORONTO - - Feb. 17, 2000 -- Four Seasons Hotels and Resorts today announced plans for seven additional properties scheduled to open over the next three years in strategic cities and resort destinations around the world. Included in the new properties is a ski resort, in Whistler, British Columbia, Canada, as well as resorts in the Bahamas at Great Exuma; Guanacaste, Co...
Expedia®, Inc. Acquires Travelscape.com, and VacationSpot.com / Feb 2000
January 30, 2000
Hotel Online Special Report Expedia®, Inc. Acquires Travelscape.com and VacationSpot.com Acquisitions firmly position Expedia as the leader in Internet lodging with 65,000 properties BELLEVUE, Wash., Jan. 31, 2000 - Expedia®, Inc. (Nasdaq: EXPE) today announced it has agreed to acquire two leading players in the Internet lodging industry, Travelscape.com, Inc. and VacationSpot.com, Inc. The acquisitions firmly position Expedia as the leader in Internet lodging with 65,000 lodging properties worldwide, guaranteed lowest hotel rates in 240 cities, and a combined run rate of approximately 2 million room nights pe...
The Lausanne EURHOTEC Tradeshow Attracted 75 Exhibitors, 1,000 attendees; EURHOTEC 2001 Scheduled for February 19-21 in Paris / Feb 2000
January 30, 2000
Hotel Online Special Report The Lausanne EURHOTEC Tradeshow Attracted 75 Exhibitors, 1,000 attendees; EURHOTEC 2001 Scheduled for February 19-21 in Paris Rockville, MDFebruary 24, 2000 CynterShow today announced that the three-day educational conference that it produced for the fifth annual EURHOTEC tradeshow, the European Hospitality Show and Conference, Lausanne, Switzerland from February 16-18, 2000 at the Beaulieu Congress and Exhibition Centre was a resounding success. Early show evaluations show that more than 85 percent of attendees gave the sessions they attended positive remarks. The EUR...
January 30, 2000
Hotel Online Special Report Etravnet.coms Patent-pending Real-time Hotel Confirmation System Uses net-to-phone-to-net Technology ENGLEWOOD CLIFFS, N.J. - Feb. 3, 2000 - Etravnet.com, Inc. (OTCBB: ETVT), a leading franchiser of independently owned travel agencies with a strong Internet presence, today announced partnerships with GoCancun.com and VisitCabo.com to operate its Internet real-time international reservation system, RezConnect, on both travel sites. These sites are official Web sites for the respective government-supported tourist boards of the Cancun and Los Cabos tourism regions of Mexico. The sites...
Benchmark Hospitality Promotes Ellen Sinclair to VP of Human Resources / Feb 2000
January 30, 2000
Hotel Online Special Report Benchmark Hospitality Promotes Ellen Sinclair to VP of Human Resources THE WOODLANDS, TEXAS, January 14, 2000 Benchmark Hospitality has announced the promotion of Ellen Sinclair to the position of Vice President of Human Resources. The appointment was announced by Sam Haigh, Chief Operating Officer of Benchmark. As Vice President of Human Resources, Ms. Sinclair will be responsible for all departmental activities for the Benchmark organization including the development of new incentive programs and positioning the company as an employer of choice nationwide. She will be ba...
MasterCard-EI Partnership Enables State Associations to Offer Front Office Skills Training Seminar / Feb 2000
January 30, 2000
Hotel Online Special Report MasterCard-EI Partnership Enables State Associations to Offer Front Office Skills Training Seminar ORLANDO, Fla., February 9, 2000MasterCard International and the Educational Institute of the American Hotel & Motel Association announced today that they will once again offer the Going the Extra Mile seminar for front desk employees through AH&MA member state associations in 2000. MasterCard is committed to working with the state associations to improve the excellence of the hospitality industry, said Stan Kotzker, vice president, travel markets, MasterCard Internat...
Executive Search Firm Donnelly Sepp and Associates Enters the Hospitality Industry; Focusing on High Technology Professionals / Feb 2000
January 30, 2000
Hotel Online Special Report Executive Search Firm Donnelly Sepp and Associates Enters the Hospitality Industry; Focusing on High Technology Professionals Boulder, Colorado, February 10, 2000 - James A. Cunningham, Vice President - Western Region, today announced the opening of the Western Regional office for Donnelly Sepp and Associates, and its entry into the hospitality industry. Donnelly Sepp and Associates (DS&A) is a leading national executive search and consulting firm providing high technology professionals to industry. DS&A specializes in the needs of companies that continue to develop and en...
Wilshire Grand Hotel and the Hyatt Regency Hotel Chosen Headquarter Hotels for 2000 Democratic National Convention in Los Angeles / Feb 2000
January 30, 2000
Hotel Online Special Report Wilshire Grand Hotel and the Hyatt Regency Hotel Chosen Headquarter Hotels for 2000 Democratic National Convention in Los Angeles LOS ANGELES, Feb. 9, 2000 - The Democratic National Convention Committee (DNCC) announced today the hotel sites that will house Democratic officials and media representatives during the 2000 Democratic National Convention in Los Angeles. The DNCC has designated the Wilshire Grand Hotel and the Hyatt Regency Hotel as the headquarters hotels for the DNCC. The Downtown Marriott Hotel has been named the media headquarters hotel. All facilities are located in ...
Barry J. Cregan Named Area Managing Director of Westin Hotels in Chicago / Feb 2000
January 30, 2000
Hotel Online Special Report Barry J. Cregan Named Area Managing Director of Westin Hotels in Chicago CHICAGO, Feb. 2, 2000 - Barry J. Cregan, 45, was named today as Area Managing Director of Westin Hotels in Chicago for Starwood Hotels and Resorts. His responsibilities will include management of the Westin Michigan Avenue, the Westin OHare, and the Westin River North hotels. Im glad to be with Starwood hotels and resorts and back in Chicago as part of its dynamic tourism industry, Cregan said. Cregan comes to Starwood from the Trump Plaza Hotel and Casino in Atlantic City, New Jersey. He served as Presid...
Robert Cotter Assumes Responsibility for all Starwood Hotels Resorts Operations; Replaces Brenda Barnes, Interim COO / Feb 2000
January 30, 2000
Hotel Online Special Report Robert Cotter Assumes Responsibility for all Starwood Hotels Resorts Operations; Replaces Brenda Barnes, Interim COO WHITE PLAINS, N.Y., Feb. 15, 2000 - Starwood Hotels Resorts Worldwide, Inc. (NYSE: HOT) announced today the promotion of Robert F. Cotter, President of International Operations to Chief Operating Officer. Cotter will report to Barry Sternlicht, Chairman and Chief Executive Officer. Reporting directly to Cotter will be Ted Darnall, President, North American Hotel Operations, Osvaldo Librizzi, President, Latin America, Ted Teng, President, Asia Pacific and Sami Z...
Cornell Hotel Society Forum Provides Advice to New Graduates and Professionals Trying to Enter the Industry / Feb 2000
January 30, 2000
Hotel Online Special Report Cornell Hotel Society Forum Provides Advice to New Graduates and Professionals Trying to Enter the Industry New York, NY - February 24, 2000 - At a recent forum hosted by the Cornell Hotel Society, a panel of experts discussed career opportunities, compensation structures and characteristics that a potential employee must possess to secure a job in the hospitality industry in the new millennium. Summarizing the conclusions of the panel, one of the moderators, Lynda Schrier Wirth of Schrier Wirth Executive Search, stated, It is important to start networking early in your career ...
Canadian Hotel Investment Report – Colliers International Hotel Realty / Feb 2000
January 30, 2000
Canadian Hotel Investment Report Colliers International Hotel Realty 2000 Colliers International Hotel Realty is pleased to present its fifth annual report on the Canadian Hotel Investment Market. The report highlights the Colliers Hotel Value Index, recent additions to supply and hotel projects currently under construction; market occupancy, average room rate and RevPAR trends; and historical transaction volumes by market. Our Index has Changed The Index has been revised to reflect the rates of change in hotel values from year to year, and is now presented in a format similar to that of the Consumer Price Index....
Club Med Agrees to Purchase Crested Butte Marriott Ski Resort in Colorado / Feb 2000
January 30, 2000
Hotel Online Special Report Club Med Agrees to Purchase Crested Butte Marriott Ski Resort in Colorado CORAL GABLES, Fla., Feb. 9, 2000 - Club Med announced today that it has entered into an agreement with Crested Butte Mountain Resort to purchase the Crested Butte Marriott Resort (CBMR) in Crested Butte, Colorado. The announcement was made by Yves Martin, Executive Vice President, Club Mediterranee and Ralph Scout Walton, III, Senior Vice President of the Crested Butte Mountain Resort. If plans continue on schedule, Club Meds second Colorado ski village will open in November 2000 after a series of renova...
Smith Travel Research's Chuck Ross Joins PricewaterhouseCoopers Hospitality Leisure Practice / Feb 2000
January 30, 2000
Hotel Online Special Report Smith Travel Research's Chuck Ross Joins PricewaterhouseCoopers Hospitality Leisure Practice NEW YORK - Feb. 2, 2000--Chuck Ross joined PricewaterhouseCoopers as lodging research manager, Hospitality Leisure Practice. Mr. Ross, who served as vice president of Smith Travel Research for five years, will coordinate the alliance between Smith Travel Research and PricewaterhouseCoopers to collect and publish hotel industry performance data for all major markets outside North America. This alliance will launch its WW*STAR program this month, making lodging performance data available throughout ...
Choice Atlantica Hotels Signs Agreement to Manage and Franchise Two Rio de Janeiro Hotels / Feb 2000
January 30, 2000
Hotel Online Special Report Choice Atlantica Hotels Signs Agreement to Manage and Franchise Two Rio de Janeiro Hotels FORT LAUDERDALE, February 17, 2000 - Choice Atlantica Hotels, one of the largest hotel operators in South America, has signed an agreement to manage and franchise its 49th and 50th hotel properties in South America. Both hotels - a Comfort Inn and a Clarion - are located in the burgeoning destination of Rio de Janeiro. The Comfort Inn Rio Centro, located on the Avenida das Americas in Rio de Janiero, is a short distance from the citys largest exhibition - convention center and its major ...
Choice Hotels Offers Franchisees Five Lenders Providing Complete Range of Financing Options / Feb 2000
January 30, 2000
Hotel Online Special Report Choice Hotels Offers Franchisees Five Lenders Providing Complete Range of Financing Options SILVER SPRING, Md. - Feb. 17, 2000--Choice Hotels International (NYSE:CHH) announced it has endorsed three experienced financial institutions to finance development for its Comfort, Quality, Clarion, Sleep Inn, Rodeway, Econo Lodge and MainStay Suites brand franchisees. Allied Capital Corporation, CIT Small Business Lending (formerly Newcourt Financial) and Commercial Capital Corporation were endorsed by Choice to offer financing to its franchisees. All three participated in Choices Lender Sum...
Choice Atlantica Hotels Expands into Argentina with Three Hotels and a Reservation Center / Feb 2000
January 30, 2000
Hotel Online Special Report Choice Atlantica Hotels Expands into Argentina with Three Hotels and a Reservation Center FORT LAUDERDALE, February 4, 2000 Hotel options in Buenos Aires changed dramatically this past year with the addition of three Choice hotel properties. In November and December 1999, Choice Atlantica Hotelsthe fastest growing hotel management and franchise company in South Americaadded a Clarion Hotel and a Comfort Hotel. The company added a Comfort Inn & Suites in January 1999. CAH also opened a regional sales office and reservations center in Buenos Aires for the development of business and t...
ChefTec Software Setting Standards for Recipe/Menu Costing and Inventory Control / Feb 2000
January 30, 2000
Hotel Online Special Report ChefTec Software Setting Standards for Recipe/Menu Costing and Inventory Control BOULDER, Colo., Feb. 21, 2000 - Culinary Software Services Inc. announced the latest release of their ChefTec Software package. Enhancements in ChefTec and ChefTec Plus Version 4 include the ability to attach photographs, diagrams, logos or video files to inventory items as well as recipes. Users can also graph pricing trends for specific inventory items to instantly show fluctuations in costs. Improvements in the user interface in this release include the revolutionary Quick Update featur...
Canadian Lodging Market: An Overview / Namit Malhotra / HVS / Feb 2000
January 30, 2000
Hotel Online Special Report Canadian Lodging Market: An Overview HVS Namit Malhotra - February 2000 - The Canadian Hotel market experienced another good year in 1999, during which occupancy rates increased for the sixth year in a row. Between 1991 and 1998, room supply grew by 0.7% compounded annually, compared to room demand, which rose by 2.4% compounded annually over the same time period. As of year-to-date September 1999, room supply grew by 1.4%, while room demand rose by only 0.3% as compared to the same period in 1998. More impressively, average room rates accelerated at a compounded annual rate of 3...
Outrigger's Waikoloa Beach Hotel Resort the Chains First to Install Cable Internet Access / Feb 2000
January 30, 2000
Hotel Online Special Report Outrigger's Waikoloa Beach Hotel Resort the Chains First to Install Cable Internet Access SAN DIEGO - Feb. 15, 2000 - - CAIS Software Solutions, the leader in public high-speed Internet access software, announced today a partnership with Oceanic Cable, a division of Time Warner, to be the first service provider to offer high-speed cable Internet access to Hawaiian island hotel guests. The installation in the Outrigger Waikoloa Beach Hotel Resort is the first for Outrigger Hotels Resorts, the largest chain of hotels on the island. The partnership combines IPORT Broadband Provisio...
Cahners and Expedia, Inc. Settle Hotel Directory Suit / Feb 2000
January 30, 2000
Hotel Online Special Report Cahners and Expedia, Inc. Settle Hotel Directory Suit NEW YORK, and REDMOND, Wash., Feb. 23, 2000 - Expedia, Inc. (Nasdaq: EXPE) and Cahners Business Information, a division of Reed Elsevier Inc., today announced that they have reached a mutually agreeable settlement of the suit that Reed Elsevier Inc. filed against Expedia, Inc. and Microsoft Corporation over a 1998 contract relating to the Expedia® hotel directory. According to the settlement, the parties agreed to dissolve their relationship, with Expedia® assuming the advertising contracts that Cahners had originated for the Expedia ...
California Tourism Enters Into Partnership for Representation in Australia and Brazil / Feb 2000
January 30, 2000
Hotel Online Special Report California Tourism Enters Into Partnership for Representation in Australia and Brazil SAN JOSE, Calif., Feb. 9, 2000 - During her keynote remarks at the opening of the, California Travel Market in San Jose today, Caroline Betata, executive director of the California Travel and Tourism Commission (CTTC), announced that California Tourism has entered into a unique partnership for travel trade representation in Australia and Brazil. Joining forces with the Anaheim/Orange County Visitor and Convention Bureau, Mammoth Lakes Visitors Bureau, San Diego Convention and Visitors Bureau, and...
January 30, 2000
Hotel Online Special Report PRACO, Ltd. Managing Colorado Tourism Boards Spring/Summer 2000 Campaign DENVER, Feb. 15, 2000 - Stark, black and white images of a woman in an office cubicle. A meek bicyclist surrounded by big, scary bikers. A little boy in a school play peering out miserably from a ridiculous carrot costume. Conventional tourism advertising images? Hardly. But the State of Colorado is juxtaposing them with bright, colorful images of whitewater rafting, horseback riding and other dynamic Colorado activities to make a point. The point? There are a lot of times in your life when youd rather ...
