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February 12, 2013News for hotel and lodging professionals

  Front Desk 
  • Choice Hotels posts $203.7M in adjusted earnings in 2012
    Choice Hotels International reports that its adjusted earnings before interest, taxes, depreciation and amortization in 2012 was $203.7 million, a 10% increase over the previous year's earnings. Total revenue during the year reached $691.5 million, up 8% compared with figures in 2011. Systemwide revenue per available room in domestic markets rose 6.2% over the previous year. TravelPulse (2/11) LinkedInFacebookTwitterEmail this Story
  Business Update 
  • Joint venture acquires Renaissance Meadowlands Hotel in N.J.
    The Renaissance Meadowlands Hotel in Rutherford, N.J., has been purchased by a joint venture of RockBridge Partners and Concord Hospitality Enterprises. The new owners say they plan to invest $5.25 million in renovations on the 167-room property, including its guest rooms and public spaces. GlobeSt.com (2/11) LinkedInFacebookTwitterEmail this Story
  • IHG unveils 2 new hotel projects in Colombia
    InterContinental Hotels Group has announced two upcoming additions to its Holiday Inn portfolio in Colombia -- the 187-room Holiday Inn Bucaramanga and the 98-room Holiday Inn Cucuta hotel. The hotels are scheduled to open in 2014. TravelPulse (2/11) LinkedInFacebookTwitterEmail this Story
  • Other News
  Market Trends 
  • Lifestyle hotels use creative promotions to drive demand
    A number of boutique and lifestyle hotels have turned to stylish promotions to boost demand during slow-booking periods. "Beekeeping, lavender harvesting, organic garden-to-table cooking classes and nature and fitness programming. The personal connection to the property allows us to market to past guests and play on their emotional connection," said Brian Gipson, director sales and marketing at Carmel Valley Ranch in Carmel, Calif. HotelNewsNow.com (2/11) LinkedInFacebookTwitterEmail this Story
  • Filling the gaps in financing a hotel
    Hotel developers who need gap financing should explore these options, this feature says. Borrowing from someone with cash available in his or her retirement account may be an option, as is offering junior lenders a secondary debt position with a higher interest rate than your first mortgage. Developers can also offer equity in the business to investors or facilitate a sale-leaseback of the building or land. Hotel Management online (2/8) LinkedInFacebookTwitterEmail this Story
  • Las Vegas welcomed 39.7 million visitors in 2012
    The Las Vegas Convention and Visitors Authority said last week that visits to Las Vegas were up 2.8% in December versus December 2011 and that 39.7 million people visited the city in 2012. Average daily rates during the year were up 2.8% against the previous year, to $108.08, as occupancy rose 0.6 percentage points, to 84.4%. VegasInc.com (Las Vegas) (2/8) LinkedInFacebookTwitterEmail this Story
  • Other News
  Best Practices 
  • Column: An effective lost-and-found system can win guest approval
    Developing a lost-and-found system that makes it easier to return precious items that guests have left behind evokes a thoughtful image of the hotel and may help build loyalty, Roland Wildberg writes. "[I]t's worth it because it is service that shows the host takes over responsibility for their customers much longer than just during their stay -- and this remains anchored in the client's memory for long," Wildberg writes. 4Hoteliers (2/8) LinkedInFacebookTwitterEmail this Story
  Development 
  AH&LA News 
  • Get in front of meeting planners
    To reach meeting professionals when they're buying, AH&LA members receive a 20% savings on ConventionPlanit.com, a leading online search engine, to showcase their properties on listings with trackable ROI. Additional press release postings, Divine Deals, banner ads and "call to action" e-mail marketing to 50,000 planners are also available to generate new, qualified prospects. Learn more here, or contact Katherine Markham, CHME, at 301-975-9462 or katherinem@conventionplanit.com. LinkedInFacebookTwitterEmail this Story
  • Free webinar archive
    From ADA regulations to bed bugs to health care, AH&LA has a library of webinars that AH&LA members can watch and listen to for free. Each session features an expert panel and concludes with Q&A from attendees. Visit here to access these resources now. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
We spend our time searching for security and hate it when we get it."
--John Steinbeck,
American author


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