JAKARTA, July 18 (Reuters) - Investigators were sifting through two bomb-damaged luxury Indonesian hotels on Saturday, for clues to those behind suicide attacks that shattered four years of stability in the world's most populous Muslim nation.
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http://www.forbes.com/feeds/afx/2009/07/18/afx6671141.html
Sunday, July 19, 2009
Saturday, July 18, 2009
Las Vegas Sands Said to Plan Macau IPO Filing as Soon as August
July 18 (Bloomberg) -- Las Vegas Sands Corp. plans to file with Hong Kong regulators as soon as next month for an initial public offering of shares in its Macau casinos, said a person with knowledge of the plans.
Read more;
http://www.bloomberg.com/apps/news?pid=20601205&sid=aj_Z1kiGrYVM
Read more;
http://www.bloomberg.com/apps/news?pid=20601205&sid=aj_Z1kiGrYVM
Marriott | An unleveraged hotel chain | Economist Magazine
Good news in a recession: As many hoteliers struggle with their balance sheets, Marriott makes money on its franchises. Great brief clip from the Economist about how Marriott is surviving even in these tougher economic times
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http://www.hospitalitynet.org/news/154000320/4042524.html
Read more:
http://www.hospitalitynet.org/news/154000320/4042524.html
STR Global reports Middle East/Africa pipeline for June 2009
LONDON—The Middle East/Africa hotel development pipeline includes 463 hotels with 124,409 rooms, according to the June 2009 STR Global Construction Pipeline Report released last week.
“A few countries have really dominated the development in the Middle East after skyrocketing oil prices led to an upswing in hotel investment a few years ago,” said Duane Vinson, vice president of content management at STR. “The leader of course is the United Arab Emirates, where 169 projects comprising more than 58,000 rooms are in the total active pipeline. The other country that’s been very active is Saudi Arabia, which has 42 projects under development.”
Read more:
http://www.hotelnewsnow.com/articles.aspx?ArticleId=1550
“A few countries have really dominated the development in the Middle East after skyrocketing oil prices led to an upswing in hotel investment a few years ago,” said Duane Vinson, vice president of content management at STR. “The leader of course is the United Arab Emirates, where 169 projects comprising more than 58,000 rooms are in the total active pipeline. The other country that’s been very active is Saudi Arabia, which has 42 projects under development.”
Read more:
http://www.hotelnewsnow.com/articles.aspx?ArticleId=1550
STR reports Caribbean and Mexico pipeline for June 2009
LONDON and HENDERSONVILLE—The Caribbean/Mexico hotel development pipeline includes 134 hotels with 17,663 rooms, according to the June 2009 STR Construction Pipeline Report released last week.
Among the countries in the region, Mexico reported the largest amount of rooms in the In Construction phase (5,287), as well as in the total active pipeline (10,931). Puerto Rico followed Mexico with 1,163 rooms in the In Construction phase and 1,627 rooms in the total active pipeline.
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http://www.hotelnewsnow.com/articles.aspx?ArticleId=1549
Among the countries in the region, Mexico reported the largest amount of rooms in the In Construction phase (5,287), as well as in the total active pipeline (10,931). Puerto Rico followed Mexico with 1,163 rooms in the In Construction phase and 1,627 rooms in the total active pipeline.
Read more:
http://www.hotelnewsnow.com/articles.aspx?ArticleId=1549
STR Global reports the Asia/Pacific pipeline for June 2009
LONDON—The Asia/Pacific hotel development pipeline includes 969 hotels with 227,567 rooms, according to the June 2009 STR Global Construction Pipeline Report released last week.
“There is a lot of development in Asia, but there are a couple of countries that are dominating,” said Duane Vinson, vice president of content management at STR. “One is China, where 108,346 rooms are in the active pipeline, 77,832 of which are under construction. The second is India, which has 45,323 rooms in the total active pipeline.”
Read more:
http://www.hotelnewsnow.com/articles.aspx?ArticleId=1548
“There is a lot of development in Asia, but there are a couple of countries that are dominating,” said Duane Vinson, vice president of content management at STR. “One is China, where 108,346 rooms are in the active pipeline, 77,832 of which are under construction. The second is India, which has 45,323 rooms in the total active pipeline.”
Read more:
http://www.hotelnewsnow.com/articles.aspx?ArticleId=1548
STR Global reports Central and South America pipeline for June 2009
LONDON and HENDERSONVILLE—The Central/South American hotel development pipeline includes 147 projects with 21,539 rooms, according to the June 2009 STR Global Construction Pipeline Report released last week.
“Brazil is certainly one of the hot markets that everyone is talking about right now,” said Duane Vinson, vice president of content management at STR. “We’re seeing a lot of development in mid to smaller markets with the emergence of the country’s middle class.”
Read more:
http://www.hotelnewsnow.com/articles.aspx?ArticleId=1547
“Brazil is certainly one of the hot markets that everyone is talking about right now,” said Duane Vinson, vice president of content management at STR. “We’re seeing a lot of development in mid to smaller markets with the emergence of the country’s middle class.”
Read more:
http://www.hotelnewsnow.com/articles.aspx?ArticleId=1547
STR reports U.S. pipeline for June 2009
HENDERSONVILLE, Tennessee—The total active U.S. hotel development pipeline includes 4,690 projects with 501,476 rooms, according to the June 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 4.1-percent decrease in the number of rooms in the total active pipeline compared to May 2009 and a 24.5-percent decrease compared to June 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:
http://www.hotelnewsnow.com/articles.aspx?ArticleId=1546
Read more:
http://www.hotelnewsnow.com/articles.aspx?ArticleId=1546
STR reports Canada pipeline for second quarter 2009
HENDERSONVILLE, Tennessee—At the end of the second quarter of the calendar year, the Canadian hotel development pipeline includes 223 projects comprising 26,172 rooms, according to the June 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 6.9-percent increase in the number of rooms in the pipeline compared to May 2009 and
Read more:
http://www.hotelnewsnow.com/Articles.aspx?ArticleId=1544&ArticleType=38&PageType=STRPressRelease
Read more:
http://www.hotelnewsnow.com/Articles.aspx?ArticleId=1544&ArticleType=38&PageType=STRPressRelease
Friday, July 17, 2009
CIT failure would chill US restaurant operators
A potential bankruptcy of CIT Group Inc would be another blow to restaurant operators and other franchisees by removing yet another funding source at a time when many large banks have frozen lending. But longer term, analysts say the long-suffering restaurant sector should be able to hunt down alternatives. "We think long term our people will find other places to go, short term there will be pain," said Matthew Shay, chief executive of the International Franchise Association, which has lobbied the Obama administration to rescue CIT -- one of the largest providers of loans to small businesses in the United States. "If CIT were to go away, it would take a financing option away from our franchisees who want to buy stores or expand their networks," said Michelle King, spokeswoman for Dunkin' Brands Inc,
Read more:
http://www.cnbc.com/id/31952041
Read more:
http://www.cnbc.com/id/31952041
Watergate Hotel to Go on Auction Block Tuesday
The Watergate Hotel will be auctioned Tuesday, five years after a developer bought it with hopes of restoring it to its glory days as a Washington icon.
Alex Cooper Auctioneers will take bids that morning at the company's Wisconsin Avenue offices from potential buyers with the capital to invest in one of the city's most famous buildings in the weakest economy in decades.
Read more:
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/15/AR2009071503702.html?hpid=moreheadlines
Alex Cooper Auctioneers will take bids that morning at the company's Wisconsin Avenue offices from potential buyers with the capital to invest in one of the city's most famous buildings in the weakest economy in decades.
Read more:
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/15/AR2009071503702.html?hpid=moreheadlines
More cost cuts seen for U.S. hotels as revenues suffer
NEW YORK (Reuters) - The U.S. hotel industry is likely to report fresh cost cuts this earnings season as sluggish business demand and lower room rates eat into companies' revenues.
Analysts expect hotels' key sales metric, revenue per available room (RevPAR), to be sharply lower in the quarter as the continued drop in business travel forces hotels to rely more on price-sensitive consumers, who demand lower rates.
Read more:
http://www.reuters.com/article/reutersEdge/idUSTRE56E5N620090715
Analysts expect hotels' key sales metric, revenue per available room (RevPAR), to be sharply lower in the quarter as the continued drop in business travel forces hotels to rely more on price-sensitive consumers, who demand lower rates.
Read more:
http://www.reuters.com/article/reutersEdge/idUSTRE56E5N620090715
Some banks imposing blanket bans on pub and restaurant loans, warns FPB
The small business support and lobby group believes some banks may be automatically refusing loans to firms in the industry due to misplaced fears over their viability.
The issue was given heightened exposure today (Thursday July 16) when Business Minister Ian Lucas admitted that he was well aware of the problem. Mr Lucas made his remarks in response to Lib Dem MP Greg Mulholland during oral questions in the Commons. Mr Mulholland said pubs were not receiving credit from banks and asked Mr Lucas to look into it.
The FPB is concerned that the entire sector may have been classed as high risk by certain lenders. As a result, it is thought they have effectively imposed a blanket policy of not providing pubs and restaurants with loans, rather than looking into the viability of each business on a case-by-case basis.
Read more:
http://www.fpb.org/news/2220/Some_banks_imposing_blanket_bans_on_pub_and_restaurant_loans__warns_FPB.htm
The issue was given heightened exposure today (Thursday July 16) when Business Minister Ian Lucas admitted that he was well aware of the problem. Mr Lucas made his remarks in response to Lib Dem MP Greg Mulholland during oral questions in the Commons. Mr Mulholland said pubs were not receiving credit from banks and asked Mr Lucas to look into it.
The FPB is concerned that the entire sector may have been classed as high risk by certain lenders. As a result, it is thought they have effectively imposed a blanket policy of not providing pubs and restaurants with loans, rather than looking into the viability of each business on a case-by-case basis.
Read more:
http://www.fpb.org/news/2220/Some_banks_imposing_blanket_bans_on_pub_and_restaurant_loans__warns_FPB.htm
Choice Hotels Opens 57 Hotels In June
Choice Hotels International Inc. continues to grow with the announcement of 57 newly-opened franchised properties during the month of June. The openings include hotels in 26 states and 4 countries, adding more than 4,600 rooms to the company’s existing 475,000-plus rooms. Select properties that opened in June include:
Read more:
http://www.hotelsmag.com/article/ca6671597.html
Read more:
http://www.hotelsmag.com/article/ca6671597.html
