Hospitality giant Marriott International is launching a new brand called the Autograph Collection, aimed at tapping customers who prefer independent, high-end hotels over brands such as Marriott, Hilton and Four Seasons.
The Autograph Collection will allow independent hotels, many of whom have lost business in the recession, to maintain their character while using Marriott's massive reach to bring in more customers and save on costs.
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Sunday, November 15, 2009
More independent hotels team with chains to gain guests
As room vacancies rise, independent hotel owners are increasingly linking up with large hotel chains for a lifeline to more customers.
In turn, frequent travelers seeking a reprieve from cookie-cutter hotel properties are finding more hip, boutique-style hotel options without sacrificing loyalty points
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In turn, frequent travelers seeking a reprieve from cookie-cutter hotel properties are finding more hip, boutique-style hotel options without sacrificing loyalty points
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Hotels Risk Losing Holiday Inn Brand
InterContinental Hotels Group PLC is ready to strip the brand next year from as many as 300 of the 2,700 Holiday Inn hotels owned by franchisees in North America if those properties don't undertake the brand's $1 billion overhaul by Feb. 1.
IHG, based in the U.K., started its overhaul of Holiday Inn two years ago in a bid to "contemporize" the 57-year-old brand and weed out older, poorly performing hotels.
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IHG, based in the U.K., started its overhaul of Holiday Inn two years ago in a bid to "contemporize" the 57-year-old brand and weed out older, poorly performing hotels.
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Las Vegas on winning streak as market rebounds
LAS VEGAS The nation's struggling economy may have shattered the myth that the Las Vegas gambling industry is recession-proof, but the hotels and casinos are seeing signs that the city will be among the first to get healthy again.
Although hotels have been forced to reduce room rates to lure customers and visitor volume is down, a steady increase in room occupancy this year coupled with a rebound in high-end gambling is giving hope, if not celebration, that Vegas is on track for recovery.
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Although hotels have been forced to reduce room rates to lure customers and visitor volume is down, a steady increase in room occupancy this year coupled with a rebound in high-end gambling is giving hope, if not celebration, that Vegas is on track for recovery.
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IHG’s Abrahamson Says No Travel Rebound Before 2011
Nov. 13 (Bloomberg) -- InterContinental Hotels Group Plc, the U.K.-based owner of the Holiday Inn brand, will struggle to increase revenue per available room before 2011 as a drop in travel demand constrains the company’s ability to raise prices, said Jim Abrahamson, president of the Americas unit.
“We are a lag industry,” Abrahamson said in a telephone interview yesterday, noting that sales typically trail the economy by about a year. “We have seen slowing declines in occupancy and demand. The first step to a recovery is stabilization.”
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“We are a lag industry,” Abrahamson said in a telephone interview yesterday, noting that sales typically trail the economy by about a year. “We have seen slowing declines in occupancy and demand. The first step to a recovery is stabilization.”
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