Marriott CEO details expansion plan for Caribbean, Latin America | Morgans narrows first-quarter loss | Movenpick announces brand name for upcoming China properties
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May 2, 2012
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Marriott CEO details expansion plan for Caribbean, Latin America
Marriott International is looking to grow its portfolio in the Caribbean and Latin American region to more than 140 hotels by 2017, CEO Arne Sorenson said. "Latin America is booming, in terms of economic growth and political and institutional stability, which is creating a promising business climate," Sorenson said. The hotel chain's current pipeline includes 35 hotels in various stages of development. Travel Weekly (5/1)
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Business Update
Morgans narrows first-quarter loss
Morgans Hotel Group shrunk its net loss during the first quarter of 2012, from $32 million in first-quarter 2011 to $14.3 million this year. Improved performance from South Beach properties in Miami Beach, Fla., helped boost results for the quarter. The Miami Herald (tiered subscription model) (5/1)
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Movenpick announces brand name for upcoming China properties
Hotel chain Movenpick will be operating its three upcoming hotels in China under the new Rui Xiang brand, the company has announced. Translated, the name means "brings you enjoyment and luck with Swiss quality." Travel Weekly (5/1)
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Other News
Market Trends
Upcoming investor conference will center on capital sources
Discussions during the upcoming Meet the Money conference in Los Angeles will focus on informing hotel companies about the sources of capital that could be available in the current environment. "Development is still a challenge, but we have panels of developers to tell you how they are doing it now. Experience, relationships, location and sponsorship are the best foundation for success," said Jim Butler, partner and chairman of the Hospitality Group at Jeffer Mangels Butler & Mitchell. (5/1)
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Hotels seek distinctive branding through art
Hotels are increasingly turning to art as a means of providing a more refined guest experience, this feature says. From hosting rotating art exhibits and cultural events to holding contests for artists, the trend is also helping these "art" hotels to successfully build a unique brand. Hotel Interactive (5/1)
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Social media experts are finding lucrative work in hotels
The explosion of social media is prompting hotels to search for experts to help them manage their social media channels, this feature says. These social media managers are responsible for maintaining good public relations over a variety of sites. Sun-Sentinel (Fort Lauderdale, Fla.) (5/1)
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Business Tips and Advice
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Spotlight on Technology
Online news will be available soon to Hilton guests
Guests at Hilton hotels will soon be able access a variety of online content including news, magazines and books, thanks to a new deal between Hilton Worldwide and USA TODAY. The new guest portals will start rolling out at Hilton properties this summer and will be offered 24 hours a day at no charge, company executives said. USA Today/Hotel Check-in blog (5/2)
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Other News
Best Practices
Column: How to keep service standards high amid business shifts
Cross-training, rewards programs and motivational exercises can ensure that hotel staff have the flexibility and energy to meet unexpected changes in the business flow each day, writes Birgit Radin of Kokua Hospitality. "The hospitality business is constantly facing challenges, and the key is to remain nimble in your management style, and ever committed to motivating and preparing your staff to handle changes quickly and effectively," Radin writes. (5/1)
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Las Vegas developer secures $300M for hotel project
Conversion plans for the closed Sahara Hotel and Casino in Las Vegas took a major step forward after developer SBE Entertainment obtained $300 million in financing. The developer is looking to remodel the dated Sahara into a 1,600-room luxury resort featuring a variety of entertainment venues. USA Today/Hotel Check-in blog (5/2)
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Atlantic City casinos shift focal points to shore
Casinos in Atlantic City, N.J., are making changes to put more emphasis on beach views and take advantage of the outdoors. The Casino Reinvestment Development Authority has approved renovation projects for Trump Taj Mahal Casino Resort and Resorts Casino Hotel, both of which plan to improve their Boardwalk-facing facades, while Tropicana Casino and Resort's plans to enhance its ocean views are still being fleshed out. The Press of Atlantic City (N.J.) (tiered subscription model) (5/1)
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The Buzz
This paper, sponsored by SAS and the Center for Hospitality Research at Cornell University's School of Hotel Administration, discusses today's hottest industry topics. Three challenging questions addressed include whether customer loyalty programs are doing all they could, if daily Web discounts are helping or hurting restaurants and how to determine if IT infrastructures are where they should be.
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