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2008-07-07 Hospitality Trends

Development

Ernst & Young's Insider Report
Touches upon key industry issues and trends such as the contraction of real estate development in major US cities, government's increased involvement in green building, private capital investment in infrastructure and debt financing as a driver for mergers and acquisitions. ...more

Dominican Republic is Bucking the U.S. Slowing Trend
U.S. hotel investors are developing 4- and 5-star properties at rapid rates ...more

Canada Offers Significant Opportunity for Investment in Branded Hotels
Representation of internationally branded hotels is half compared to U.S. ...more

Lodging Econometrics' Europe Construction Pipeline at a Cyclical High of 1,031 Projects/172,815 Guestrooms
Emerging Countries Are a Major Development Focus ...more

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Employment

Pay to Stay - By Christopher Mumford
At the risk of shareholder dissatisfaction, companies are awarding one-off bonuses to executives to keep them in place during tough market conditions. Is this a fad or do retention bonuses play an effective role in talent management? ...more

How does Chain Restaurant CEO Compensation Change with size? - By Brad Ellman
The correlation between the market capitalization and compensation mix for CEO's in chain restaurants is extremely low, in contrast to the positive correlation between market cap and CEO pay. ...more

Russia Moves Towards More Local Management in Hotels - By Tatiana Veller
Over the past year, the number of expatriate employees in management-level positions in Moscow and St. Petersburg has decreased significantly in 3, 4 and 5-star hotels. ...more

Ten Traps to Avoid with Employee Opinion Surveys - By Jim Houran
Employee Opinion Surveys can offer a strong ROI for organziations wanting to improve their business operations and relationships. However, these surveys are often compromised by ten critical pitfalls. Learn about these traps and how to avoid them. ...more

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Food and Beverage

Top 200 Canadian chain restaurants' sales grew by 5.2 percent in 2007
Foodservice consultants Technomic report that the Top 200 Canadian restaurant chains grew annual sales by 5.2 percent in 2007, representing overall performance comparable to the Top 500 chains in the U.S. ...more

Restaurant Performance Index Advanced in May as Industry Same-Store Sales Turned Positive
Restaurant operators reported positive sales in May, Expectations Index fell to record low ...more

Restaurant Trends - Growing And Emerging Concepts - Data reflects change and activity from February 23, 2008 to June 23, 2008
Update from Restaurantchains.net on growing and emerging restaurant concepts ...more

Cornell Study Identifies Inconsistencies in Traditional Bordeaux Wine Classification
Authorities Will Revise Established French Classification ...more

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Management

Lessons from the Field - Updating marketing and sales strategies mid year NOW is essential - By John Hogan
I have learned in my career to consider the marketplace, the competition and the overall trends and cycles if I expect to be successful. In the past, this has usually meant creating an annual marketing plan and working that plan. Weekly and monthly action plans would lead to quarterly reviews and updates. The next year's plan would take those updates and trends and as a team or a corporation, we would decide the next plan of strategies and tactics. ...more

Food & Beverage - Be A Pillar Of The Community - By Joe Dunbar
As you fight through the current economic downturn, try to find simple ways to improve profits. Recent articles suggest the higher cost of living has resulted in diners who tip less and buy fewer extras (double whammy for servers). When your recently seated guests turn down bottled water or another beverage, ask them if they'd like a nice pitcher of ice water. ...more

Associate Engagement - It All Starts At the Top - By Lizz Chambers, CHE, CHA
Woody Allen once said that 80 percent of success is showing up. Unfortunately, this accurately describes the mindset of the majority of workers today. ...more

Leadership Courage - Don't get bit by your own Rattle Snake - By Dr. Rick Johnson
Honest negative feedback is difficult to accept. It takes tremendous courage. I learned that twenty years ago. I thought I knew just about everything there was to know about running a company let alone a smaller $100 million dollar division. ...more

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Market Reports

No Decline for Business Hotels in 2008
Thanks to demand outside the U.S., the global lodging industry is finding traffic remains strong for high-end hotels ...more

Canadian Occupancy, ADR, RevPAR - Week Ending June 21, 2008
Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada. ...more

Tourism Brings More Foreign Revenue to El Salvador
The number of foreign tourists arriving in El Salvador has increased by more than 24% ...more

U.S. Sets New Records for Travel Abroad in 2007
The overall U.S. outbound market grew by one percent in 2007 compared to annual 2006 figures, enabling it to post the fourth successive record for total U.S. outbound travel. ...more

Hotels feeling chill in tourism
High fares, economic woes deter travelers ...more

U.S. Timeshare Industry Sales Total $10.6 Billion in 2007
Average occupancy exceeds 80 percent, 6.5 million intervals owned ...more

Weekly U.S. Lodging Performance for the week of June 22, 2008 - June 28, 2008
Weekly summary of Occupancy, ADR and REVPar for the United States. ...more

STR Global adds 13 new markets to its market-leading monthly surveys
The STR Global HotelBenchmark(TM) Survey, issued monthly, now tracks 525 markets outside North America ...more

Canadian Occupancy, ADR, RevPAR - Week Ending June 28, 2008
Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada. ...more

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Other Articles

A Vast Majority of Southern California Indian Gaming Casino Customers Express Desire for a Smoke-Free Environment
Barona Valley Ranch Resort and Casino Ranks Highest in Satisfaction With the Casino Experience in Inaugural Study ...more

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Travel Trends

Survey Shows Americans Committed to Summer Travel, Despite High Gas Prices
BedandBreakfast.com recently polled more than 5,200 U.S. innkeepers about advanced bookings for the July 4th weekend. ...more

Travelers Face Deep Flight Cuts by Summer's End
With summer barely under way, it may seem too early for travelers to start thinking about Labor Day. But that is when significant cuts in the airlines' fleets and schedules will begin taking effect, making for a particularly jarring end to summer. ...more

First 2008 Results Show Firm Tourism Demand
Advanced Results From The UNWTO World Tourism Barometer June 2008 ...more

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. Development 4 items
. Employment 4 items
. Food and Beverage 4 items
. Management 4 items
. Market Reports 9 items
. Other Articles 1 item
. Technology 0 items
. Travel Trends 3 items

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