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October 25, 2012News for hotel and lodging professionals

  Front Desk 
  • IHG reaches NYC development deal for first Even hotel
    InterContinental Hotels Group has announced that it has signed an agreement with ownership firm CWC to build its flagship Even hotel in New York. The new brand features a fitness theme and will offer room designs that allow for in-room workouts, fitness centers with high-end equipment and healthful menus. The 230-room hotel is scheduled to open in 2014. USA Today (10/24), The Boston Globe (tiered subscription model) (10/24) LinkedInFacebookTwitterEmail this Story
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  Business Update 
  • Q3 earnings for Wyndham Worldwide fell 9.1%
    Wyndham Worldwide's net income during the third quarter slipped 9.1%, to $159 million, the hotel firm says. Revenue during the quarter went up 4.4%, to $1.27 billion. The company observed slowing growth of its revenue per available room and reported systemwide revPAR growth of 3% during the quarter. (10/24), MarketWatch (10/24) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Market Trends 
  • Slow growth for September occupancy rates, STR says
    Hotels in the Americas region saw a 0.4% increase in occupancy in September, STR Global says. During the month, occupancy in San Juan, Puerto Rico, increased 9.4%, and the Chicago market grew by 8.4%. Average daily rates were up in San Francisco by 14.3%. TravelPulse (10/23) LinkedInFacebookTwitterEmail this Story
  • Atlantic City prepares to attract winter tourists with decorations
    Atlantic City officials hope to attract winter season tourists by decorating city parks and streets, reviving its holiday parade and setting up a gigantic Christmas tree. The Casino Reinvestment Development Authority has pledged $595,000 for the holiday decorations. "With the Tourism District, we want to make sure to have activities during the off-season. We also wanted to make sure we did something that brings the Tourism District and the community together," said Ali Reynolds, director of community development partnerships for CRDA. The Press of Atlantic City (N.J.) (10/24) LinkedInFacebookTwitterEmail this Story
  • Other News
  Spotlight on Technology 
  • Column: Owners, franchisors clash over hotel technology upgrades
    Franchisors' drive to implement brand standards at affiliated hotels have continually placed them at odds with hotel owners, particularly in the area of hotel technology, writes Timo Kettern, IT director for Westbridge Europe. "Around the world, it's David versus Goliath as franchisors are being challenged as to why certain standards are in place even though, more often than not, these investments have a negligible impact on the ability of the hotelier to bring in additional revenue," Kettern writes. (10/24) LinkedInFacebookTwitterEmail this Story
  Best Practices 
  • Ameristar discloses $910M Springfield, Mass., casino plans
    Ameristar Casinos has unveiled its proposal to build a $910 million casino resort in Springfield, Mass. The company's plan calls for the construction of 150,000 square feet of gambling space, a 500-room hotel and retail space. The proposed gaming facility would include up to 3,300 slot machines and 110 table games. "Ameristar owns all 40 acres, which have been cleared and are immediately ready for construction," Ameristar CEO Gordon Kanofsky said. Boston Herald (10/23) LinkedInFacebookTwitterEmail this Story
  AH&LA News 
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