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March 5, 2013News for hotel and lodging professionals

  Front Desk 
  • Economists maintain positive outlook for hotel industry
    A panel of economists during a session at this week's International Hotel Investment Forum in Berlin forecast steady improvement for the hotel industry despite continued economic uncertainty in several markets worldwide. "I can forecast that the future will be very difficult and it will be tough to navigate the waters ahead, but luck plays a dominant role and I think we're lucky to be in the travel and tourism industry. This is an industry that will benefit from the mass effect of so many [middle-class] travelers coming abroad," said Thierry Malleret, managing partner of the Monthly Barometer. Hotel Management online (3/4) LinkedInFacebookTwitterEmail this Story
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  Business Update 
  • DiamondRock will focus on renovations in the near term, execs say
    Executives of DiamondRock Hospitality said Friday that the company's strategy over the next two years will focus on divesting noncore assets and renovating its existing hotel portfolio. DiamondRock's planned investment for renovations will amount to $140 million, says Sean M. Mahoney, the company's chief financial officer. "2014 to 2017 will be peak profitability years for the hotel industry, so we're trying to position the portfolio for those peak cash-flow years," said DiamondRock CEO Mark W. Brugger. (3/4) LinkedInFacebookTwitterEmail this Story
  • Summit Hotel Properties posts improved results for Q4
    Summit Hotel Properties says its pro forma revenue per available room during the fourth quarter of 2012 was up 9.7% from that of the same period last year, while pro forma average daily rate improved 3.9%. The company's adjusted earnings before interest and taxes during the same period rose 40%, to $52.1 million. (3/4) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Seda hotel brand strives for seamless function, style
    The Seda hotel brand, Philippine hotel firm Ayala Land Hotels & Resorts' first foray in the urban lifestyle hotel concept, blends minimalist style with seamless connections between spaces favored in today's hotels, this feature says. The brand's flagship property, the 179-room Seda Bonifacio Global City, also showcases Filipino art and craftsmanship in its interior design. Manila Standard Today (Philippines) (3/4) LinkedInFacebookTwitterEmail this Story
  • Other News
  Spotlight on Technology 
  • Technology drives advancement in hotel service
    More hoteliers are turning to technology to provide their guests with superior comfort and a greater level of customization over their hotel stay, this feature says. At the Fairmont Beijing Hotel, for instance, guests can choose room settings that fit their desired environment. Wireless sensors in each room also enable automatic energy-management procedures such as reducing temperature if the room is unoccupied. China Daily (Beijing) (3/2) LinkedInFacebookTwitterEmail this Story

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  Best Practices 
  • Column: Hotels' tech offerings should keep seniors in the loop
    Hoteliers should not discount the strong demand provided by the above-60 consumer market, writes Larry Mogelonsky, president and founder of LMA Communications. The notion that seniors are unfamiliar with today's technological advancements should also be discarded. "Mobile, tablets, OTAs, social media -- all trends that apply elsewhere also apply to us, albeit with less immediacy," Mogelonsky writes. Hotel Interactive (3/4) LinkedInFacebookTwitterEmail this Story
  • Other News
  AH&LA News 
  • Save on professional development
    Distance Learning courses in hospitality management from the American Hotel & Lodging Educational Institute (EI) enable you to take college-level coursework while working full-time. You can save $50 per course during the Distance Learning Winter Special through March 15. Call 800-349-0299 or visit Reference offer code STUDY. LinkedInFacebookTwitterEmail this Story
  • Get in front of meeting planners
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