Hoteliers Strategize on Rates as Revenue Declines
Bharat Patel got right to the point about three minutes into the opening general session of the second annual Midwest Lodging Investors Summit earlier this week. ...
Commentary: Extended Stay Bankruptcy Is An Exercise In Stupidity
Yesterday’s bankruptcy filing by Extended Stay Hotels came as no surprise to me and probably to a lot of other people in the industry. ...
Tisch Plays Hardball with Chris Matthews at NYU Hotel Conference
NEW YORK — Chris Matthews, host of “Hardball” on MSNBC, has some advice for President Barack Obama on how he can get back in the good graces of the hotel and meetings industry. ...
Sound bites from NYU Hotel Conference
Is the worst over for the hotel industry? While there are encouraging signs that hotel fundamentals are bottoming out, a high level of uncertainty continues to swirl around the industry....
Free Fall in Hotel Valuations to Hit Bottom in 2010, says HVS
NEW YORK — Hotel ownership isn’t for the faint of heart in this troubled economy. The average value per room in the U.S. hotel sector has fallen 45% since peaking in 2006, according to consulting firm HVS, and won’t rebound to peak levels until 2014. ...
JLL Research Highlights Sweet Spots in Hotel Investment Environment
Following an analysis of the U.S. lodging industry, Jones Lang LaSalle Hotels today released a new research study that identifies segments and players that are more resilient, are performing better, or are less affected by the slowdown in economic fundamentals and the liquidity drought....
Hotels Copes With Flu Fallout
It’s a tough time to be a hotelier in Mexico. First, drug-related violence put a crimp in spring-break business. ...
Starwood Sues Hilton, Executives
Friendly competition in the hotel industry turned to war yesterday, as Starwood Hotels sued Hilton and several of its executives, alleging corporate espionage, theft of trade secrets and unfair competition....
Timetable for Hotel Recovery Hinges Greatly On GDP
When hospitality professionals throughout the Southeast gather at the Marriott Marquis in downtown Atlanta early next week for the 21st annual Hunter Hotel Investment Conference, they likely will feel shell-shocked. ...
Extended Stay Continues To Outperform Other Hotel Segments
The extended-stay segment of the hotel market continues to prove why it is a favorite among developers. ...
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