virginia tech
In Memoriam: A Tribute to Howard Feiertag, HTM Industry Giant, Educator and Mentor
March 8, 2023
Dear Feiertag Hospitality and Tourism Management students, alumni and friends, With heavy hearts we are sharing with you the sad news: Howard Feiertag, namesake of our program, HTM industry giant, long-serving faculty member, and a kind, generous, charming human being, passed away on March 3, 2023 at the age of 94. Howard amassed over thirty years of experience in virtually every area of the industry including hotel operations, food and beverage, sales and marketing, and meetings and convention management. He led hundreds of extremely popular professional development sessions at major hospitality and tourism conferences. In 1989, it was...
Despite Growth, Lodging Turns Cautious
Virginia Tech | April 13, 2016
by Daniel Lesser The US lodging market has experienced its 72nd consecutive month of positive albeit decelerating growth in revenue per available room (RevPAR). Modest US job and wage growth as well as strong consumer spending endure, however, during the past several months, fear of a global economic downturn coupled with investor perception that the lodging industry has peaked has for now rendered the sector a dimming star. Hotel investment sales and financings are taking longer to complete as apprehension about achievable debt levels has widened mortgage spreads and lender underwriting has become increasingly rigorous. Additional unce...
