| March 7, 2013 | News for hotel and lodging professionals |
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- $1B hotel complex will rise in Dubai, UAE
A $1 billion project to build four towers with lodging and commercial space in Dubai, United Arab Emirates, has been unveiled by development firm Damac Properties. Damac has partnered with Paramount Hotels & Resorts for the buildings' design. Paramount will also operate the buildings when they open by the end of 2015. Bloomberg Businessweek
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- Panelists spar on hotel ownership, risk issues
Hotel operators at the 16th International Hotel Investment Forum in Berlin got into a heated discussion Monday about brand companies that have left hotel ownership. Christian Karaoglanian, an Accor executive and the sole brand representative on the panel, said that being asset light does not protect global chains from all risk, as his company still owns or leases 20% of its properties. HotelNewsNow.com
(3/5)
- Hotels go local for Earth, economy
Hotels are going for more locally sourced products, but not only as a way to promote sustainability -- economics are a factor, too. Hotels are also pushing for quicker renovation times in order to minimize hotel down time, which has forced many of them and their contractors to source local items that cost less to produce and ship. Travel Weekly
(3/5)
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- Hoteliers can't ignore Gen Y
Hotels are appealing to millennials with modern amenities, new spaces to socialize and of course, plenty of plugs for technology. "Their world is so interconnected, they learn about new destinations and want to go sooner than we ever did as baby boomers... Global travel today is second nature, especially to these American consumers," said Milton Pedraza, CEO of the Luxury Institute. Hotel Interactive
(3/5)
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Lodging CEOs talk diversity
The industry's top CEOs emphasize the business case for promoting and pursuing diversity, highlighting its importance to their workforce, guests and vendors. View the video and other resources to help drive new business.
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Statistics detail industry at large
The AH&LA Data Center, powered by Smith Travel Research, gives you access to the most comprehensive hospitality research, spanning national and state hotel statistics. There are valuable reports for hoteliers and hospitality suppliers, AH&LA property and corporate members get generous discounts on reports to optimize their operational strategy, and allied members get free reports to generate leads.
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