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Industry News from HSyndicate |  | |
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Ecole hôtelière de Lausanne Students won the IHIF Strategy Prize in Berlin
A team of 4 MHA students from the Ecole hôtelière de Lausanne (EHL) won the 3rd Student Strategic Challenge held at the IHIF in Berlin on 7 March with their project called e-Loyalty. The IHIF is Europe's leading Investment Conference for the hotel industry, attended this year by 1600 senior executives representing owners, CEOs and hotel operators/developers, investors and lenders. The EHL victory in the competition, open to European hotel schools by invitation, was the 3rd in a row.
Ernst & Young Hospitality and leisure outlook Europe, Middle East, India and Africa
2009 has gone into the history books as one of the worst for the hotel industry. Revenue per average room (RevPAR) practically collapsed as travelers stayed away. Companies reined in travel expenditure and tourists stayed at home. Business is suffering against all measures and we have seen hotel stocks fall in value around the world. Despite this, hotel closures and large-scale forced sales of distressed assets have not materialized in the Europe, Middle East, India and Africa (EMEIA) region in any great number. Cash-rich funds continue to wait in the belief that the bottom of the market has not yet been reached. Similar trends are also being experienced in other regions of the world.
Hard times send hotel industry into 'survival mode' | usatoday.com
Neil Cornelssen says he misses the free cookies in the evening at one hotel and the daily newspaper outside his door at others. He's also noticing that bath towels in a growing number of hotel rooms are shabby and need to be replaced. Cornelssen, a sales manager in Marlton, N.J., is one of many frequent travelers who say they see the tangible effect that the recession has had on the nation's hotel industry. Among them: run-down rooms with fewer bathroom amenities, closed club lounges, fewer concierge staffers, slow room service, reduced hours at restaurants and bars, and infrequent airport shuttles.
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News from Travel Industry Wire | | |
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News from HotelWorldNetwork.com | | |
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Wyndham completes $300-million term securitization
Sierra Timeshare 2010-1 Receivables Funding LLC issued $300 million of A rated vacation ownership loan backed notes, which have an advance rate of 72.25 percent and a coupon of 4.48 percent.
Autograph Collection adds first property
The Kessler Hotel Group and Marriott International announced the Casa Monica Hotel, St Augustine, Fla., is the first property to become part of the Autograph Collection.
Aloft hotels to open in Brussels, Bangalore, Brooklyn
With nearly 40 hotels open since its June 2008 debut, the Aloft brand is expanding globally. This year, three Aloft hotels will open in India alone.
Hilton Garden Inn Charlotte/Concord, N.C., is HGI's 500th hotel
The Hilton Garden Inn Charlotte/Concord is owned by Griffin Stafford Lodging One and managed by Griffin Stafford Management.
Stoneridge Capital Partners acquires Hotel Highland
This purchase marks Stoneridge's entry into the hospitality sector, launching the firm's strategy to acquire moderate and upper-tier lodging properties in the Western U.S.
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News from AH&LA Smart Brief | | |
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