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January 31, 2013News for hotel and lodging professionals

  Front Desk 
  • Las Vegas Sands posts 20.9% profit growth in Q4
    Las Vegas Sands reported net revenue of $3.08 billion during the fourth quarter of 2012, up 20.9% from $2.54 billion in the previous year. Full-year profit in 2012 reached $11.13 billion, an increase of 18.3% from 2011 figures. TravelPulse (1/30) LinkedInFacebookTwitterEmail this Story
Thinking Outside the Box
To stay relevant, companies need to spend as much time generating ideas for the future as they do running their businesses today. Read Boomtown: Think Like a Startup

  Business Update 
  • Destination Hotels & Resorts eyes expansion of independent portfolio
    Executives of real estate firm Lowe Enterprises and its lodging subsidiary Destination Hotels & Resorts expressed confidence in Destination Hotels' growth prospects this year. Jamie Sabatier, president and chief operating officer of Destinations Hotels, says he expects to double the company's portfolio of independent properties in the next five or six years. "We're not looking to grow globally but are actively looking in the Caribbean and Mexico because the customer base in those geographies is the same customer we're tapping into in the U.S," Sabatier said. HotelNewsNow.com (1/30) LinkedInFacebookTwitterEmail this Story
  • Concord Hospitality plans aggressive expansion in 2013
    Concord Hospitality Enterprises wants to triple the growth pace it set in 2012 with 10 new construction projects and six hotel openings this year. "We have a very aggressive pipeline of 17 LEED-designed hotels, that include two Cambria Suites projects in New York, and one in Washington, D.C. We also are very active in numerous secondary U.S. markets and Canada and will expand our presence in Cleveland and Pittsburgh," said Concord President and CEO Mark Laport. GlobeSt.com (1/29) LinkedInFacebookTwitterEmail this Story
  • Other News
  Market Trends 
  • Hotel-retail mixed-use model is gaining developer interest
    More developers are looking into mixed-use projects combining hotels with retail centers as research found strong economic feasibility in the model, this article says. However, engaging in this type of operation requires that developers on the retail side of the enterprise be oriented toward issues and customs specific to the lodging industry. Hospitality Net (1/29) LinkedInFacebookTwitterEmail this Story
  • Smaller portions raise margin challenges
    Some 71% of attendees surveyed at this year's BITAC Food & Beverage East say they are seeing a shift toward smaller portion sizes, a trend that means hotels may have to find ways to make up revenue from reduced plates. Some companies, such as Joie de Vivre, are responding by working to up-sell customers on starters and dessert. Executive Chef James Cottrell of the San Diego Marriott Marquis & Marina seeks to improve margins by focusing menu offerings on vegetables. Hotel Interactive (1/29) LinkedInFacebookTwitterEmail this Story
  • Other News
  Spotlight on Technology 
  • Comcast announces new products geared to hoteliers
    Comcast announced a new integrated Internet, Ethernet, video and voice-product suite for the hospitality industry that will allow hotels to put high-speed Internet and up to 60 HD channels in each room. Comcast Business Hospitality will also offer tech support as part of the product and two modems to allow hotels to separate guest and office connections. The suite will be available anywhere in the Comcast service area. Hotel Management online (1/30) LinkedInFacebookTwitterEmail this Story
  • Other News
  Best Practices 
  • Column: Recruiting on attitude produces the best employees
    A hotel's hiring practices should focus on finding and recruiting people with a passion for hospitality and service, writes Caroline Cooper, founder of Zeal Coaching. "Systems and procedures and basic skills can be taught, whereas an enthusiasm for food and wine, and a passion for hospitality and service need to be minimum requirements," Cooper writes. eHotelier.com (1/29) LinkedInFacebookTwitterEmail this Story
  Development 
  • Construction of Baha Mar resort in Bahamas is one-third complete
    The $3.5 billion Baha Mar resort project in the Bahamas is on track to open in December 2014, said Baha Mar Ltd. Senior Vice President Robert Sands. The casino-hotel will include 1,000 rooms and three other properties with 1,200 rooms total that will open in spring 2015. The complex will eventually total 3,450 rooms including previously existing properties and the largest gaming facility in the Caribbean at 100,000 square feet. Travel Weekly (1/29) LinkedInFacebookTwitterEmail this Story
  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 www.ahlei.org/distancelearning. Reference offer code STUDY. LinkedInFacebookTwitterEmail this Story
  • AH&LA launches mobile app
    AH&LA has released its first mobile application for smartphones. This official app keeps members up to date on the latest events on Capitol Hill, gives access to our Information Center and connects members to AH&LA's social media activity. Members also get the latest on networking opportunities with top lodging leaders, education offerings and special events, including the Fall Conference/IHMRS, the largest event of the year! To learn more, visit www.mobile.ahla.com. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Any workout which does not involve a certain minimum of danger or responsibility does not improve the body -- it just wears it out."
--Norman Mailer,
American writer


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