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2008-08-11 Hospitality Trends

Development

Hotel Development Grows Despite Economy
The slowing economy is not deterring bullish hotel developers in California, according to a new study of the state's year-to-date hotel development trends. ...more

Global Hotel Sales Decline 76%
But $13.9 billion worth of global hotel transactions still close in the first half of 2008 ...more

Lodging Econometrics Announces Total US Construction Pipeline of 5,883 Projects/785,547 Rooms at Mid-Year
Developer Optimism Now Waning in Response to a Less Favorable Economic and Lending Environment ...more

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Employment

The Mental Shift to 'Y - By Christopher Mumford and Thomas Mielke
The hospitality market is ever evolving, but hoteliers seem to struggle to adapt to recent changes in the work environment. Can they beat the constant labour shortage by embracing the values of the latest generation of hotel school graduates? ...more

Staff Drug & Alcohol Problems: How to Act, Not Hide - By Ken Burgin
Can't we just wait for the problem to go away? ...more

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Environmental

Pennsylvania's Inn at Hickory Run Prepares to Erect $60,000 Wind Turbine - By Glenn Hasek
Thanks to a grant from the State of Pennsylvania Energy Harvest Program, the Inn at Hickory run here is getting closer to its goal of erecting a 6.6-kilowatt wind turbine. Construction is expected to begin very soon. ...more

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Financial

Uniform System Of Accounts For The Lodging Industry - Tenth Edition - Major Changes
The Financial Management Committee of the American Hotel and Lodging Association (AH&LA), in conjunction with the Hospitality Financial and Technology Professionals (HFTP), published the tenth edition of the Uniform System of Accounts for the Lodging Industry (USALI) in the fall of 2006. ...more

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Food and Beverage

Restaurant Performance Index Declined in June as Same-Store Sales and Customer Traffic Slipped
Economy and food costs remain the top challenges, Outlook for capital spending improved ...more

America's Worst Restaurants for Kids Revealed
Eat This, Not That! Authors Grade 43 National Chains, 6 Receive an 'F' ...more

Restaurant Trends - Growing And Emerging Concepts - Data reflects change and activity from March 28, 2008 to July 28, 2008
Update from Restaurantchains.net on growing and emerging restaurant concepts ...more

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Internet

Hitwise July 2008 Travel Category Report
The Hitwise Travel Report provides marketers an understanding of the competitive online travel landscape in terms of competitive clickstream, including traffic sources and referred destinations. ...more

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Management

The Challenges and Opportunities for Independent and Boutique Hotels in a Difficult Economy - By Carol Verret
Independent and boutique properties have a several advantages over their branded counterparts. The first is the trend in experience travel and the second is the use of the internet in making travel decisions. ...more

Principles for success as a manager - Part Five - Maintaining relationships throughout the organization - By John Hogan
In the hospitality and travel industry of today, we do not and cannot conduct business in the same way as our parents and grandparents did with the incredible diversity of people who own, manage and operate hotels in this global market. ...more

Is Your Hotel Ready for the Downturn - By Brenda Fields
Key markets, world wide have experience unprecedented occupancies, average rates, and RevPAR for over a decade. New York City and London in particular have experienced average occupancies well over 80% for the past several years, driving record average rates and RevPARs. ...more

The Power of Thought - By Dr. Rick Johnson
You are today what you thought about yesterday. Chances are you will be tomorrow what you think about today. That is why it is so important that you learn from life itself. Life is a great teacher. Mistakes build character. Every attitude you display is a reflection of your character. Character is who we are. Our character is based on what life has already taught us. ...more

Getting Rid of Conventional Wisdom in Corporate Damage Control
The last thing that a company wants is to face a crisis. ...more

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Market Reports

Canadian Occupancy, ADR, RevPAR - Week Ending July 26, 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

AMEX Biz Travel Highlights Findings in Asia Pacific Industry
Base Air Fares Still Increasing Across The Board - It's not just the cost of fuel that is challenging corporate travel. ...more

Chinese hotel industry looks for Olympic boost
First half of 2008 comes up short, RevPAR declines in major markets ...more

Weekly U.S. Lodging Performance for the week ending August 2, 2008
The U.S. hotel industry posted declines in two key performance measurements during the week of 27 July - 02 August 2008, according to data from STR. ...more

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Other Articles

PKF Conducting Study of Hotel Spas Analysis Focuses on Revenues, Expenses, and Profits
Over the past decade, hotels across the nation have added spa operations to meet escalating consumer expectations and to increase revenues and profits. As hotel spas become more prevalent, the need for effective management is imperative. Accordingly, PKF Hospitality Research (PKF-HR) is currently collecting data for its second annual Trends in the Hotel Spa Industry report. ...more

The Class of 2012 Grows up Green
College Students Back on Campus in Record Numbers, with More Green in Their Pockets and Greener Practices on Their Minds ...more

The Nationalization of Aerolíneas Argentinas and Austral: Will the Government Set Them Straight?
After months of delays in scheduled flights, thousands of stranded tourists, broken down planes and conflicts with the unions who represent their nearly 9,000 workers, Aerolíneas Argentinas and its subsidiary Austral are once again run by the Argentine government. ...more

Boeing Forecasts Continued Strong Air Cargo Traffic Growth
Efficiency drives demand for large freighters ...more

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Travel Trends

U.S. International Visitation Up 14 Percent in May 2008
The U.S. Department of Commerce announced that 4.3 million international visitors traveled to the United States in May 2008, an increase of 14 percent over May 2007. International visitors spent a record $11.8 billion during the month, an increase of 21 percent from May 2007, and $57.4 billion for the year, up 22 percent. ...more

OAG Reports a 7% Drop in Global Airline Capacity of 59.7 Million Seats in 4th Quarter
U.S. Hardest Hit as Travelers Face Unprecedented Cutbacks in Available Seats, Indications for Asian Capacity to Drop Significantly ...more

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 Departments

Click on the department to go directly to these news items.

. Development 3 items
. Employment 2 items
. Environmental 1 item
. Financial 1 item
. Food and Beverage 3 items
. Internet 1 item
. Management 5 items
. Market Reports 4 items
. Other Articles 4 items
. Travel Trends 2 items

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