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May 9, 2012News for hotel and lodging professionals

  Front Desk 
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  Business Update 
  • Tony Rodio is named CEO of Tropicana Entertainment
    Tony Rodio, president and CEO of Tropicana Casino and Resort in Atlantic City, N.J., was promoted to chief executive officer of its parent company, Tropicana Entertainment. Rodio will keep his position at the casino resort, but will also supervise operations at Tropicana's seven other casinos. "At some point, I'll have to make some modifications -- obviously, it would be very difficult to run the entire company in addition to Atlantic City. But to start out, it will stay as is," Rodio said. The Press of Atlantic City (N.J.) (5/8) LinkedInFacebookTwitterEmail this Story
  • Tropicana Las Vegas narrows Q1 loss to $8.02 million
    The Tropicana Las Vegas posted a loss of $8.02 million for the first quarter, compared with a loss of $9.07 million in the same period last year. The hotel-casino reported a rise in net revenue to $23.3 million for the quarter, lifted by growth in occupancy and average daily rate, to 79% and $79, respectively. (Las Vegas) (5/8) LinkedInFacebookTwitterEmail this Story
  • Penn National to buy St. Louis casino from Caesars
    Caesars Entertainment said it is selling its hotel-casino in St. Louis to Penn National Gaming for $610 million. Caesars CEO Gary Loveman said the company is looking into expansion in other markets. "The sale of this property exemplifies our strategy to maximize returns from our mix of assets through investments in new markets as well as occasional divestitures," Loveman said. The property, which will be rebranded under Penn's Hollywood label, will be the company's second casino in Missouri. Las Vegas Review-Journal (5/7) LinkedInFacebookTwitterEmail this Story
  • Other News
  Market Trends 
  • Column: RevPAR growth will persist until development picks up
    Hotels should see a continued rise in revenue per available room on strong rates growth, at least until new construction comes online in a few years and drives supply upward, writes Jan Freitag, senior vice president of global development at STR. "As new supply projects hit the pipeline and then open, supply growth could outpace demand growth, and then occupancies would decline and pricing power could ebb," Freitag writes. Lobby blog (5/8) LinkedInFacebookTwitterEmail this Story
  • Trend in small hotel meeting rooms is growing
    Hotel chains such as Marriott and Starwood's Westin are exploring the concept of compact rooms that can serve as office space or a meeting area, this feature says. The rooms offer privacy for businesspeople who wish to forgo the crowds at the nearest coffeehouse or the hotel lobby, as well as plenty of electrical outlets for their devices. USA TODAY (5/8) LinkedInFacebookTwitterEmail this Story
  • Acquisition opportunities abound in Caribbean hotel market
    An abundance of troubled hotels in the Caribbean region has created an environment brimming with profitable acquisition opportunities, panelists at the opening session of the Caribbean Hotel & Resort Investment Summit said. "The governments in the Caribbean are running scared. Now is the time to talk to governments. Make them bring some of the money they have control of and put together joint deals," said executive Ralph Taylor. (5/8) LinkedInFacebookTwitterEmail this Story
  • London hotel rates skyrocket as 2012 Olympics near
    Rooms are almost fully booked in central London hotels in the final months before the 2012 Summer Olympics, and those with vacancies have driven rates as high as quadruple the normal prices. "It's almost too late now to get into central London. [Visitors] need to look outside the central area, where rooms will clearly be cheaper," said Miles Quest, a spokesman for the British Hospitality Association. The Washington Post/The Associated Press (5/8) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Best Practices 
  • Column: Correct word choice improves guest communications
    Hoteliers can ensure that frontline personnel convey suitably hospitable emotions during guest interactions by orienting them toward proper word choice, writes Doug Kennedy, president of the Kennedy Training Network. Constant practice helps reinforce the concept among hotel staff, Kennedy writes. 4Hoteliers (5/7) LinkedInFacebookTwitterEmail this Story
  • Wynn, Kraft drop plans for Mass. resort-casino
    Wynn Resorts and The Kraft Group said Tuesday that their plans to build a casino in Foxborough, Mass., have been suspended. The companies decided to fold their casino bid in the wake of the Foxborough selectmen election, in which two anti-casino candidates won. The number of anti-casino forces included in the five-member board increased to four. The "election demonstrates the community's will and Wynn Resorts respects the outcome," the company said in a statement. Las Vegas Review-Journal (5/8) LinkedInFacebookTwitterEmail this Story
  • Other News
  AH&LA News 
  • AH&LA Summer Summit registration open
    Join hoteliers from across the country June 12-13 at the InterContinental Houston to hear the latest industry trends, drive the direction of the industry through high-level committee meetings, salute the national Stars of the Industry Award winners and enjoy networking receptions. For more information, visit LinkedInFacebookTwitterEmail this Story
  • PCI compliance 101
    Credit card standards have changed, and if you don't change your policies, you could be putting your guests' private information at risk and incurring millions of dollars in damages. In response, AH&LA's Technology Committee created a thorough manual, The PCI Compliance Process for Hotels, making this complicated matter easy to understand and implement. Funded by the Foundation, AH&LA members can download their free copy. LinkedInFacebookTwitterEmail this Story
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Never grow a wishbone ... where your backbone ought to be."
--Clementine Paddleford,
American food writer

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