Featured Columns
Jay Schultz, Sr. VP, Hospitality Group
As the summer comes to a close and we look ahead to the more prosperous times that have been predicted by many, I think of several adages that appropriately describe the economic downturn that plagued our industry over the last few years.
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Dennis Nessler, Editor, Hotel Business
One of the staples of our annual Franchise Report is the comprehensive fees report culled together with the cooperation of all the brand companies. As I pour over the many numbers this year, one thing that jumps out at me is there are few meaningful changes from last year.
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Jay Schultz, sr. vp, hospitality group, Hotel Business
Within the past year-and-a-half or so, I’ve made literally dozens of presentations assessing market conditions for HOTEL BUSINESS® advertisers and readers. While the sessions included personal opinions supported by published data and research, the news passed along was rarely, if ever, positive.
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Jay Schultz,
sr. vp, hospitality group,
Hotel Business
We’ve all heard the expression “what doesn’t kill us makes us stronger,” and it certainly applies when it comes to the trials and tribulations that our industry continues to face. However, I wish when Friedrich Nietzsche uttered these words for the first time, someone could have whispered in his ear suggesting he replace “stronger” with “smarter.”
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Olivier Poirot CEO Accor N.A.-Motel 6/Studio 6
IXTAPA, MEXICO—Although gray skies and a steamy downpour greeted them, more than 300 Motel 6/Studio 6 franchisees and corporate Accor attendees yesterday were bent on seeing a brighter outlook for the U.S.-based economy brands during the next 12 to 18 months—using consistency as the key—as they kicked off the first day of Accor North America’s annual conference here in this coastal resort town at Club Med.
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HB ON THE SCENE: Best Western Sees Demand Fall, Online Bookings Increase
PHOENIX, AZ—Opening the annual meeting of Best Western International here before 2,000 hotel owners and associates, president and CEO David Kong acknowledged the negative impact that the difficult economy has had on the chain’s performance, but pointed to signs of better days ahead, indicated mostly through the increased use of the association’s Web site.
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PHOENIX, AZ—Opening the annual meeting of Best Western International here before 2,000 hotel owners and associates, president and CEO David Kong acknowledged the negative impact that the difficult economy has had on the chain’s performance, but pointed to signs of better days ahead, indicated mostly through the increased use of the association’s Web site.
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Dennis Nessler, Editor, Hotel Business
There’s little doubt about the negative impact that President Obama’s ill-fated remarks—which effectively encouraged corporations not to travel and hold meetings at resort destinations—have had on the lodging industry during the past year. The so-called “AIG effect” has been all too real for the owners of many of these properties.
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Jay Schultz, sr. vp, hospitality group, Hotel Business
In his book Peaks and Valleys, Spencer Johnson says, “Whether you are temporarily on a peak or down in a valley, ask yourself what’s the truth in the situation.” This isn’t as easy as it seems. Think about it. We all knew on one level or another the boom times of a few years back couldn’t last forever. Nevertheless, many of us chose to ignore the old adage, “What goes up, must come down” and we failed to prepare for the current economic crisis we now face.
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HB ON THE SCENE: Development Options Still Exist, Despite Recession
PHOENIX, AZ— Speakers on the second day of the annual Lodging Conference here focused on development opportunities that exist despite the entrenched economic downturn.
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PHOENIX, AZ— Speakers on the second day of the annual Lodging Conference here focused on development opportunities that exist despite the entrenched economic downturn.
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FelCor Lodging Trust chairman Thomas Corcoran Jr.
PHOENIX—The 15th annual Lodging Conference kicked off today with forecasts that the deep industry downturn may be nearing an end.
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