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News for hotel and lodging professionals | January 30, 2013

ALIS Post-Show Conference Report
ALIS is the largest hotel investment conference in the world. More than 2,500 industry leaders registered to attend ALIS in Los Angeles this year. At this year's event, analysts' forecasts were optimistic, with predictions that hotel revenue is set to return to prerecession levels this year. Likewise, travelers on the Eastern Seaboard seem willing to pay higher room rates in cities such as Boston and New York. Read more from Travel Weekly.

ALIS features many networking opportunities and a wide variety of seminars and panels by hotel industry experts, who identify new opportunities and cover significant trends for the year ahead. Read more here.

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  Hotel Development 
  • Blog: Hotel deals churned amid upbeat ALIS
    Attendees of the Americas Lodging Investment Summit held last week in Los Angeles seemed more intent on striking deals than participating in discussions -- an encouraging sign of the industry's recovery and the optimism of its top players, writes Patrick Mayock, editor-in-chief of "That's a great thing for our industry ... . It means we're approaching a state of normalcy. The conference in general was teeming with a sense of optimism -- not the hysteric euphoria that sprung prematurely in the early days of recovery but rather a matter-of-fact nonchalance planted more firmly in reality," Mayock writes. Lobby blog (1/25) LinkedInFacebookTwitterEmail this Story
  • Site acquired for $450M hotel project in London
    Developers of a planned $450 million hotel and residential project in London have reached a deal with Anschutz Entertainment Group to acquire a 7.4-acre site near the O2 Arena. Queensgate Investments Fund I is leading a joint venture that aims to build a 452-room luxury hotel, 100 residential spaces and a conference center. Bloomberg Businessweek (1/25) LinkedInFacebookTwitterEmail this Story
  • $25M hotel project in Ohio could break ground in February
    Developers are looking to begin construction of a 123-room hotel in Toledo, Ohio, by February, as soon as they receive branding approval from Hilton Worldwide. Pending approval, the $25 million project would include a second 100-room hotel under the Holiday Inn brand and a commercial structure for retail and dining establishments. The Blade (Toledo, Ohio) (1/23) LinkedInFacebookTwitterEmail this Story
  Business News 
  • Resort opportunities, financing are opening up for investors
    Opportunities for investing in resort properties are emerging in several U.S. markets as available financing continues to grow, a panel of resort executives said during a session at last week's Americas Lodging Investment Summit in Los Angeles. "Lenders are still conservatively underwriting resorts, but if you have a good story, you're a good sponsor and you have a track record of success they're now looking at your future 12 months instead of just your past 12 months," said Robert Lowe Jr., CEO of Lowe Hospitality Group. (1/25) LinkedInFacebookTwitterEmail this Story
  • Hotel execs discuss vital industry issues in 2013
    Robust room demand in 2012 has placed the hotel industry in a position to push rates this year, a panel of hotel executives said during the opening session of the Americas Lodging Investment Summit in Los Angeles last week. "Barring something unforeseen, we should have a pretty good year," said Steve Joyce, president and CEO of Choice Hotels International. The leaders also voiced their opinions on distribution and technology trends that are affecting the industry. (1/23), Hotel Management online (1/23) LinkedInFacebookTwitterEmail this Story
  • Hoteliers are optimistic about industry growth
    The mood at the American Lodging Investment Summit was much lighter this year than in years past, as demand is up and President Barack Obama's re-election has created a sense of certainty for the next four years, this feature says. According to an ALIS survey, 98% of respondents say 2013 will bring revPAR increases. Hotel Interactive (1/23) LinkedInFacebookTwitterEmail this Story
  • Tech advances present challenge for hotel industry
    Panelists at last week's Americas Lodging Investment Summit in Los Angeles noted the lodging industry's difficulties in integrating its services with today's technology. "Our property-management systems, as an industry, are very archaic," said Mit Shah, CEO of Noble Investment Group. (1/24) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • U.S. hotels are forecast to reach prerecession levels
    Data gatherers speaking during the Americas Lodging Investment Summit in Los Angeles say they believe the industry is on its way to returning to peak performance levels reached in 2007 as demand continues to exceed supply. STR predicts that revenue per available room will rise 5.7% this year and 6% in 2014. PKF Hospitality Research forecasts growth of 5% to 6% in revPAR in 2013. (1/23) LinkedInFacebookTwitterEmail this Story
  • U.S. hoteliers predict strong hotel performance in 2013
    Ninety-eight percent of attendees at the Americas Lodging Investment Summit last week said they expected revenue per available room to remain strong in 2013. "Growing demand in the face of very limited new supply sets the stage for very attractive room-rate increases and therefore profit growth," said R. Mark Woodworth, president of PKF Hospitality Research. Hoteliers said that they expected the weak supply growth to result in four more years of strong performance. CNBC (1/22) LinkedInFacebookTwitterEmail this Story
  • Hotel executives warn of market oversaturation
    Many hotel brands have set their sights on growth this year, but some industry experts are wondering whether the market is in danger of oversaturation in the U.S. Wayne Goldberg, president and CEO of La Quinta Inns & Suites, suggests that oversaturation is not a major concern in the short term, but David Kong of Best Western International and Eric Danziger of Wyndham Hotel Group are more cautious. "I think that for the most part, supply growth seems to be in check, but a lot of it is concentrated in the midscale and upper-midscale segment. That creates a lot of supply in the marketplace," Kong said. (1/25) LinkedInFacebookTwitterEmail this Story
  • Experts: Select-service hotel market is poised for growth
    The Americas Lodging Investment Summit in Los Angeles last week concluded with a panel discussion by the Industry Real Estate Financing Advisory Council, during which experts pointed out strong investment opportunities in the branded select-service segment. The segment's development pace is picking up as more investors seek deals in this lower-risk, high-return market, they say. (1/28) LinkedInFacebookTwitterEmail this Story
  Legal and Legislative Notes 
  • Hilton, Marriott execs: Countries need Smart Visa rules
    At the World Economic Forum in Davos, Switzerland, this month, Hilton and Marriott executives urged governments to enact Smart Visa regulations. These policies have enabled governments to collect and share more data, bolster security, boost efficiency and lower government spending -- all while offering a better customer experience, this feature says. "Smart governments are thinking about international travel and tourism as trade, and they are doing everything they can to remove barriers and be more strategic in addressing visas and other access issues that discourage people from traveling and doing business," said Marriott's president and CEO, Arne Sorenson. TravelPulse (1/23) LinkedInFacebookTwitterEmail this Story

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