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February 26, 2013News for hotel and lodging professionals

  Front Desk 
 
  • Caesars Entertainment posts lower revenue for Q4 2012
    Caesars Entertainment's net revenue during the fourth quarter of 2012 dropped 4.3% against that of the same period in the previous year, which the company attributed to closures at its Atlantic City, N.J., properties because of Hurricane Sandy. Caesars estimates that the hurricane cost the company up to $45 million in lost net revenue. However, Caesars' net revenue for full year 2012 was up $13.4 million, a 0.2% percent increase. TravelPulse (2/25) LinkedInFacebookTwitterEmail this Story
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  Business Update 
  • Carlson Rezidor leverages experience to strengthen footprint in India
    Carlson Rezidor Hotel Group's expansion in India is going smoothly thanks to its decades of experience handling development challenges and finding reliable partners to drive its growth in the country, says Simon Barlow, Carlson's president for the Asia-Pacific region. The company has set its sights on capturing the country's growing middle-class market by pushing its Park Inn by Radisson brand. "Clearly we see the growth in opportunity for new hotels on the back of growing middle-class wealth and growing infrastructure spending by government in India," Barlow said. HotelNewsNow.com (2/25) LinkedInFacebookTwitterEmail this Story
  • World's tallest hotel is set to open this week
    The JW Marriott Marquis Hotel Dubai in the United Arab Emirates is set to open this week, and when it does it will be the world's tallest hotel. Its two towers each have 804 rooms, and the property boasts numerous restaurants and bars. The hotel is the second JW Marriott Marquis-branded property on the globe. Khaleej Times (United Arab Emirates) (2/25) LinkedInFacebookTwitterEmail this Story
  • Owner of Trump Plaza in N.J. will market it with Nev. resort
    Meruelo Group, the new owner of the Trump Plaza Hotel and Casino in Atlantic City, N.J., plans to market the gaming property with the Grand Sierra Resort and Casino in Reno, Nev., which it also owns. "We're trying to tie it to the Grand Sierra to keep consistent. You don't want to call it 'Sierra,' but there will definitely be some similarity. It's a great opportunity, and we have the experience of taking a property in Reno and making it competitive. We'll be taking what we've learned from this place and tying it to Atlantic City," said Steve Rosen, general manager of the Grand Sierra casino. Reno Gazette-Journal (Nev.) (2/25) LinkedInFacebookTwitterEmail this Story
  • Other News
  Market Trends 
  • STR: Americas lodging market saw performance jumps in January
    The Americas region experienced strong gains in key lodging metrics in January, STR Global says. Revenue per available room was up 8.3%, while occupancy rose 3.3% and average daily rate went up 4.8%. The Washington market saw the highest growth in rates and revPAR during the period, with ADR up 17%, to $151.75, and revPAR up by 25.8%. The Middle East and Africa region posted strong gains during the same period, while Europe and the Asia-Pacific region saw mixed results. TravelPulse (2/25) LinkedInFacebookTwitterEmail this Story
  • Hotel-upgrade spree in Hawaii is causing a price boom
    Visitors to Hawaii are being met with higher room rates as tourism demand continues to rise and more budget hotels either close down or are renovated into higher-end properties, this feature says. Data from STR indicate a 12% rise in Hawaii's average hotel rate in January compared with last year, with rates on Oahu rising 15%. USA Today/Hotel Check-in blog (2/25) LinkedInFacebookTwitterEmail this Story
  Best Practices 
  • Column: 10 elements of top-notch guest service
    Developing a hotel atmosphere that exudes warmth, efficiency and value in its amenities and staff is key to securing guest loyalty, Alan Campbell writes. "The best advice that is true and to the point is this: 'If you don't take care of your customers, somebody else will,' " Campbell writes. eHotelier.com (2/22) LinkedInFacebookTwitterEmail this Story
  Development 
  • Caesars exec offers updates on planned conference center at Harrah's
    Kevin Ortzman, senior vice president of Caesars, Showboat and Bally's, says the company is working to obtain financing for a planned conference center at the Harrah's Resort in Atlantic City. "I'm cautiously optimistic that we'll be able to break ground in the early to mid-springtime. We're in our final negotiations with financing — just negotiating the final terms to make sure this is viable and continues with the transformation of Atlantic City," Ortzman told New Jersey's Casino Reinvestment Development Authority board last week. The Press of Atlantic City (N.J.) (2/23) LinkedInFacebookTwitterEmail this Story
  • Other News
  AH&LA News 
  • New Green Guidelines detail ROI
    Almost 2,000 hotels have implemented AH&LA's Green Guidelines. View new case studies ranging from reducing mold and mildew in guestrooms to landscape irrigation systems, from installing waterless urinals and landscape-irrigation systems to recycling mattresses. More than 60 guidelines are broken down into easy-to-understand descriptions and implementation procedures, complete with ROI analysis. For more resources, visit www.ahla.com/green. LinkedInFacebookTwitterEmail this Story
  • Distribution Channel Analysis: A Guide for Hotels
    This special report, just released by AH&LA and STR and published by the HSMAI Foundation, discusses the effects of channel mix on profitability and what the industry can expect in the future. It's based on interviews with hundreds of industry executives and data from more than 25,000 hotels and 100 brands. You'll gain insight for determining your optimal channel mix. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Shared joys make a friend, not shared sufferings."
--Friedrich Nietzsche,
German philosopher


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