Debt Service Coverage and Values Decline, Foreclosures and Bankruptcies To Rise

Trianon Palace Versailles joins the Waldorf Astoria Collection

This is interesting. As I mentioned below in a previous post are "non-chain" hotels on the decline. Can they surive in this economy. The Waldorf collection, it appears to me, is actually trying to compete with Leading Hotels of the World , and the likes.

Fast-food industry tests outsourcing

Look at this... in the furture you will pull into a fast food restaurant drive through and your order will be taken by someone in India. Just like Dell support.....

Resort on Daufuskie Island files for bankruptcy

I have never heard of this resort. But this does make one ponder the question, is it detrimental in this economy to be a non brand, non chain hotel?

Hilton moves to Washington

In this article it states
"Hilton will ask many of the more than 500 employees who work at the company’s headquarters in Beverly Hills, Calif., to relocate, resulting in hundreds of new jobs for the region"

I am interested to see what the meaning of "many of the 500 employees" is

One in five pubs sold for alternative use

Continuing our ongoing reporting on the UK Pub business it looks worse and worse. I hear that most of these "one in five" pubs are being converted to churches and the parishiners are praying for . . . . . what do you think? BEER.

McDonald's profit beats view, revenue falls short

Lack of Liquidity to Further Drive Down Hotel Transactions in 2009