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December 14, 2012
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News for luxury hospitality professionals

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  • Technology in luxury hotels has its pros, cons, hotelier says
    When hoteliers met last week in Cannes, France, at the International Luxury Travel Market conference, the hot topic was technology. Many hotels showed off technology advancements, and London hotelier Rocco Forte said technology helps to improve the guest experience yet can also be obtrusive. "You've got to have the Wi-Fi, the iPhone connections and the big televisions," Forte said at the event. "But sometimes you'll check in to a hotel and the staff's busy looking at their computer screen instead of talking to you. So there are some bad aspects." Travel Weekly (12/13) LinkedInFacebookTwitterEmail this Story
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  Hospitality Trends and Technology 
  • PKF forecasts 7.2% rise in revenue per available room through 2016
    A new report by PKF Hospitality Research predicts the hotel industry's continued improvement in key lodging metrics through 2016. The group projects a 7.2% compound annual growth rate in revPAR for the next four years. However, PKF points to continued uncertainties surrounding the "fiscal cliff" that could dampen optimism among hoteliers. "Without falling off the fiscal cliff, we believe revPAR in 2013 will increase by 6.0%. However, if budget negotiations fail, it can be assumed that revPAR growth will be well below that," said PKF Hospitality Research President R. Mark Woodworth. HotelsMag.com (free registration) (12/13) , TravelPulse (12/13) LinkedInFacebookTwitterEmail this Story
  • Forecast: Road travel up, air travel down for holidays
    Road travel will be up this year, though only by 1.6%. AAA expects that 93.3 million Americans will travel at least 50 miles from home between Dec. 22 and Jan. 1. According to Airlines for America, 42 million passengers will fly between Monday and Jan. 6, which is down about 1% from last year. USA Today (12/13) LinkedInFacebookTwitterEmail this Story
  • Other News
  Spotlight on Development 
  • U.S. lodging development is rebounding slowly
    Hotel development in the Midwest and across the U.S. is picking up as markets such as Chicago, Indianapolis and Milwaukee show encouraging signs of demand growth, writes Robert Habeeb, president and chief operating officer of First Hospitality Group. However, a continued shortage of lending options and politics-related uncertainties may prevent large business transactions from taking place. "To be sure, there will definitely be more interest in development, but the structural obstacles will be slow to erode. As a result of that dichotomy, we will see hotel developers and investors focusing more strategically on deals that make sense and deals that can get done," Habeeb writes. HotelNewsNow.com (12/13) LinkedInFacebookTwitterEmail this Story
  • $324M hotel deal in Houston will receive city backing
    The Houston City Council has voted in favor of providing a $138 million economic development package to aid in the construction of a second convention-center hotel. The 1,000-room Marriott Marquis is expected to cost $324 million and is scheduled to open in 2016 to serve the city's George R. Brown Convention Center. Houston Chronicle (12/12) LinkedInFacebookTwitterEmail this Story
  International Update 
  • Do hotels need to go green for their guests?
    Consumer demand is moving more toward energy-friendly, healthier choices, and the hotel market is no different. Guests expect more from their hotel when it comes to being environmentally aware, and some hotels are leading the way. Read more. LinkedInFacebookTwitterEmail this Story
  • In Germany, lenders and investors favor luxury hotel market
    A new HVS London report explored the lending sector's outlook on hotels in Germany and found that 45% of loans go toward acquisitions, while refinancing accounts for 30% of lending. According to the report, potential lenders favor luxury hotels most above economy and midscale hotels with food and drink options. Hotel Management online (12/13) LinkedInFacebookTwitterEmail this Story
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  • New Zealand lodge offers new take on treehouses
    At Hapuku Lodges and Treehouses on South Island, New Zealand, the hotel rooms are treehouses perched 30 feet above the ground with stairs that lead to the swanky accommodations. The interior boasts hand-crafted and locally made natural wood furnishings and views of the ocean. HotelChatter (12/13) LinkedInFacebookTwitterEmail this Story
  Luxury Hoteliers News 
  • Luxury Hoteliers launches new website for members
    Luxury Hoteliers has launched a new website, www.luxuryhoteliers.com, giving LinkedIn members added benefits, including categorized forums, a daily news brief, an international jobs board and a directory of suppliers. Don't miss out on this opportunity to sign up. LinkedInFacebookTwitterEmail this Story
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The best preparation for tomorrow is to do today's work superbly well."
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