Union leaders and Benchmark Hospitality International have negotiated a new contract for employees at the Maui Prince hotel and Makena Resort.
Benchmark, based near Houston, will operate the resort, effective Thursday.
No details of the new deal were disclosed.
Read more:
Wednesday, September 16, 2009
OPEN LETTER TO RADISSON® GUESTS
To Radisson® Hotels & Resorts guests:
Radisson values your business and respects the privacy of your information, which is why we wish to inform you that between November 2008 and May 2009, the computer systems of some Radisson® hotels in the U.S. and Canada were accessed without authorization. This unauthorized access was in violation of both civil and criminal laws. Radisson has been coordinating with federal law enforcement to assist in the investigation of this incident. While the number of potentially affected hotels involved in this incident is limited, the data accessed may have included guest information such as the name printed on a guest’s credit card or debit card, a credit or debit card number, and/or a card expiration date.
Read more:
Radisson values your business and respects the privacy of your information, which is why we wish to inform you that between November 2008 and May 2009, the computer systems of some Radisson® hotels in the U.S. and Canada were accessed without authorization. This unauthorized access was in violation of both civil and criminal laws. Radisson has been coordinating with federal law enforcement to assist in the investigation of this incident. While the number of potentially affected hotels involved in this incident is limited, the data accessed may have included guest information such as the name printed on a guest’s credit card or debit card, a credit or debit card number, and/or a card expiration date.
Read more:
SJM Rises to Record on Increased Casino Market Share
Sept. 16 (Bloomberg) -- SJM Holdings Ltd., controlled by billionaire Stanley Ho, rose to a record in Hong Kong today after saying yesterday that its share of the casino market in Macau rose in the first half even as revenue fell.
SJM climbed 8.6 percent to HK$4.57 in Hong Kong, the highest since its trading debut in July 2008. The stock has more than doubled this year, compared with a 49 percent gain in the city’s benchmark Hang Seng Index.
Read more:
SJM climbed 8.6 percent to HK$4.57 in Hong Kong, the highest since its trading debut in July 2008. The stock has more than doubled this year, compared with a 49 percent gain in the city’s benchmark Hang Seng Index.
Read more:
Tuesday, September 15, 2009
Hard times for Caribbean exotic resort Nikki Beach Resort & Spa on Turks and Caicos Islands
An island resort that catered to the likes of Denzel Washington and Derek Jeter with personal butlers and a pillow menu has gone belly up.
Leeward Resort Ltd. - the owner of Nikki Beach Resort & Spa on Turks and Caicos Islands - has been placed into receivership, General Manager Jonathan Steers said.
Guests paid up to $3,000 a night to stay at the Caribbean resort that offered Bvlgari bath products and an infinity pool with beds resembling those of 19th century opium dens.
Read more:
Leeward Resort Ltd. - the owner of Nikki Beach Resort & Spa on Turks and Caicos Islands - has been placed into receivership, General Manager Jonathan Steers said.
Guests paid up to $3,000 a night to stay at the Caribbean resort that offered Bvlgari bath products and an infinity pool with beds resembling those of 19th century opium dens.
Read more:
Chicago Hotel workers hit picket lines
For six months, Victor Chan says, he has worked alone as a bellhop at Sheraton Hotel and Towers after four others on the second shift lost their jobs."I'm doing the work of five," said Chan, 49. Chan joined about 50 other hotel service workers who picketed Friday morning outside the Affinia Chicago hotel, 166 E. Superior St. Another picket line formed Friday evening outside The Drake, 140 E. Walton Pl.
Read more:
Read more:
SEC goes after SoBe condo-hotel developer
A Chicago developer who said he was converting several projects, including the Tides hotel in South Beach, into condo-hotels is the target of a Securities and Exchange Commission complaint.
Robert D. Falor, president and CEO of the Falor Cos., is alleged to have fraudulently offered and sold about $9 million of securities to about 55 investors in the form of membership interests in various limited liability companies that he controlled and operated, according to an SEC news release.
Read more:
Robert D. Falor, president and CEO of the Falor Cos., is alleged to have fraudulently offered and sold about $9 million of securities to about 55 investors in the form of membership interests in various limited liability companies that he controlled and operated, according to an SEC news release.
Read more:
Spanish hotel chains to merge
Spanish business hotel chain NH Hoteles is to take over the management of fellow Spanish chain Hesperia's 51 properties.
NH, the third biggest business hotel chain in Europe, operates 349 hotels with 52,676 rooms in 22 countries. It has a further 54 hotels with 8,000 rooms currently under construction.
Read more:
NH, the third biggest business hotel chain in Europe, operates 349 hotels with 52,676 rooms in 22 countries. It has a further 54 hotels with 8,000 rooms currently under construction.
Read more:
Expedia Says Hotel Prices to Decline Through 2010 Sept. 15 (Bloomberg) -- Expedia Inc., the biggest Internet travel agency, said an “overhang” of hote
Sept. 15 (Bloomberg) -- Expedia Inc., the biggest Internet travel agency, said an “overhang” of hotel rooms being built will depress prices through 2010 following the biggest first-half drop in room rates since in at least five years.
New York overtook Las Vegas as the U.S. city with the fastest growth in hotel room capacity, Expedia’s Hotels.com said in a report. Thirty-eight hotels will open in the city this year, increasing the number of rooms by almost 8,000. First-half occupancy rates fell 5 percent.
Read more:
New York overtook Las Vegas as the U.S. city with the fastest growth in hotel room capacity, Expedia’s Hotels.com said in a report. Thirty-eight hotels will open in the city this year, increasing the number of rooms by almost 8,000. First-half occupancy rates fell 5 percent.
Read more:
Senior Hospitality Executive Joins Wyndham Development Team
PARSIPPANY, N.J. 09-14-2009 —
Wyndham Hotel Group, the world’s largest hotel company with more than 7,000 hotels and 11 brands, has appointed Matthew Sparks as senior vice president of development for the Wyndham Hotels and Resorts® brand.
Read more:
Wyndham Hotel Group, the world’s largest hotel company with more than 7,000 hotels and 11 brands, has appointed Matthew Sparks as senior vice president of development for the Wyndham Hotels and Resorts® brand.
Read more:
Papa John's Lays off 35
Papa John’s International Inc. (NasdaqGS: PZZA - News) recently announced job cuts at its headquarters in Louisville. The company pared off 35 of its 600 employees, exposing its vulnerability to the crumbling economy
Read more:
Read more:
Abu Dhabi – Between the Hammer and the Anvil
Abu Dhabi is being forged into a global destination for business, culture and leisure. Current global economic conditions seem to be striking just when the iron is hot.As the world’s sixth-largest exporter of oil, Abu Dhabi benefited from skyrocketing energy prices in 2008. Hotel rates skyrocketed too, making Abu Dhabi, the capital of the UAE, the city with the priciest hotels in the world.
Read more:
Read more:
CEO Pay - The Hot Potato
Jeffery H Boyd President & Chief Executive Officer of priceline has been names the hotel industry’s top-performing chief executive officer of 2008 in its 16th Annual CEO Survey
Read more:
Read more:
STR Global Releases Performance Results for Spain
With visitor numbers expected to drop 10 percent in 2009, the Spanish hotel market is suffering greater year-on-year declines in performance than some of its European neighbors. Visitors from major source markets such as Germany, the U.K. and France are in decline, with U.K. travelers further deterred by the 20-percent weakening of the sterling against the euro during the past 12 months and the increased competition from Turkey and Egypt.
Read more:
Read more:
STR reports US pipeline for August 2009
HENDERSONVILLE, Tennessee—The total active U.S. hotel development pipeline includes 4,384 projects with 475,521 rooms, according to the August 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 2.5-percent decrease in the number of rooms in the total active pipeline compared to July 2009 and a 27.9-percent decrease compared to August 2008. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Pre-Planning stage.
Read more:
Read more:
Leading Hotel Brands in a Lagging Economy
For the first half of 2009, the question of how well a hotel brand performed was really a question of which did the least poorly. Starwood Hotels & Resorts, Marriott, Wyndham Worldwide, Choice Hotels International, and InterContinental Hotels Group, the major companies that report occupancy, average rate, and RevPAR statistics on a quarterly basis, all noted significant declines.1 Of 42 individual brands surveyed, all reported year-to-date occupancy and RevPAR losses compared to the same period in 2008. Only seven reported average rate growth. Nevertheless, a slower rate of decline counts for something in the context of the recession. In this article, we'll examine the brands most successful at preventing major losses in occupancy, average rate, and RevPAR.
Read more:
Read more:
