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April 18, 2012News for hotel and lodging professionals

  Front Desk 
 
  • Hoteliers discuss future of industry after election
    While some hoteliers continue to debate whether the industry's future hinges on a change in government leadership, most agree that the economic policies of whoever wins the presidency in November will have a significant effect on hotels. "The president sets the tone, so anyone who supports the lodging industry is key. The philosophy the president has trickles down to the industry," said Marlene Colucci, executive vice president for public policy at AH&LA. The industry group says it will remain neutral regarding support for a specific candidate and will focus on representing hotels' interests in government affairs. HotelNewsNow.com (4/17) LinkedInFacebookTwitterEmail this Story
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  Business Update 
 
  • MGM is considering Toronto for resort-casino
    MGM Resorts International has begun reaching out to Toronto officials to put forward a possible resort-casino project in the city. The potential $2 billion to $6 billion project could include hotels, convention space and restaurants. "It's an amazing market, it's an amazing city. We'd be prepared to invest an awful lot in the development of the concept," said Alan Feldman, a senior vice president at MGM. The Globe and Mail (Toronto) (4/18) LinkedInFacebookTwitterEmail this Story
  • Accor posts 4.5% increase in Q1 2012 revenue
    Strong rates growth and higher fees helped Accor of France boost its revenue by 4.5% like-for-like in the first quarter of 2012, the company reported. Revenue rose to $1.79 billion in the first quarter, exceeding analysts' predictions. "This trend will continue in the coming months, with double-digit growth in emerging markets like in the first quarter and a rebound for prices and room-occupation rates in the United States," said Sophie Stabile, Accor's chief financial officer. Reuters (4/17) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Market Trends 
  • Hotel investment in EMEA drops 39%, Jones Lang LaSalle reports
    Data released by Jones Lang LaSalle indicate a 39% decline in hotel investment volumes in Europe, the Middle East and Africa for the first quarter of 2012 against figures in the previous year. However, after removing three major sales that skewed 2011 data, volume for the period was seen to grow 7% against last year. LaSalle predicts a continuation of robust investment activity throughout the year. "[H]owever, this sentiment could soften over the next months if growth in hotel performance continues to slow across some of the key European hotel markets," said Christoph Härle, CEO of JLL Hotels Continental Europe. TravelPulse (4/16) LinkedInFacebookTwitterEmail this Story
  • G-8 Summit relocation will not affect Chicago, hoteliers say
    President Barack Obama's decision to relocate this year's Group of Eight Summit from Chicago to Maryland will not land a crippling blow to the city's hotel industry, local hoteliers said. They pointed out that NATO will still be holding its 25th summit in Chicago, providing enough room demand. "Moving the G-8 to Camp David only affected the city in a slight way because NATO is a lot bigger. This is a weekend event -- it's a pretty quick meeting; not as long a stay as everyone thinks," said Mark Tunney, a senior vice president with Choose Chicago. HotelNewsNow.com (4/17) LinkedInFacebookTwitterEmail this Story
  • Global summit: Travel industry prevailed over a year of hardships
    The 2012 World Travel & Tourism Council Summit being held in Japan this week kicked off with a description of the problems that beset the global economy in the past year and how the travel and tourism industry managed to weather the turbulence and assist in economic recovery worldwide. "Our latest research suggests that, despite political upheaval, economic uncertainty and natural disasters, the industry's direct contribution to world GDP grew by nearly 3%, to $2 trillion, and directly generated 1.2 million new jobs," said David Scowsill, CEO of the council. Travel Weekly (4/16) LinkedInFacebookTwitterEmail this Story
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  Best Practices 
  • Column: Tips on successful networking
    The key to a successful networking activity lies in displaying a friendly, approachable attitude and having enough self-confidence to introduce oneself, writes Mark Williams, director of development for Coakley & Williams and chairman of AH&LA's Under 30 Gateway Council. Hotel professionals would also do well to plan targets ahead of the event, Williams writes. HotelNewsNow.com (4/16) LinkedInFacebookTwitterEmail this Story
  Development 
  • Other News
  AH&LA News 
  • AH&LA Summer Summit registration open
    Join hoteliers from across the country June 12-13 at the InterContinental Houston to hear the latest industry trends, drive the direction of the industry through high-level committee meetings, salute the national Stars of the Industry Award winners and enjoy networking receptions. For more information, visit www.ahla.com/summersummit. LinkedInFacebookTwitterEmail this Story
  • PCI compliance 101
    Credit card standards have changed, and if you don't change your policies, you could be putting your guests' private information at risk and incurring millions of dollars in damages. In response, AH&LA's Technology Committee created a thorough manual, The PCI Compliance Process for Hotels, making this complicated matter easy to understand and implement. Funded by the Foundation, AH&LA members can download their free copy. LinkedInFacebookTwitterEmail this Story
Learn more about AH&LA ->Home  |  Join AH&LA  |  Educational Institute  |  Foundation

  SmartQuote 
A daydreamer is prepared for most things."
--Joyce Carol Oates,
American author


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