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2008-08-25 News Highlights

Features

Management Fee Method Causes Hotel Over Assessment - By David C. Lennhoff, MAI, CRE, FRICS
The most popular valuation method employed by assessors to determine the taxable value of hotels is the 'management fee' method of appraisal. When taxpayers review their property tax assessments, understanding how the assessor determines the property's value is critically important. ...more

Lessons from the Field - 10 Hotel Sales Mistakes to Avoid in Today's Competitive Marketplace - By John Hogan
Mistakes do happen - that is human, understandable and part of our professional learning cycle. What we need to remember is to improve and learn from those mistakes by not repeating them needlessly. ...more

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Trends

UK Chain Hotels Market Review - July 2008
London profit heads skywards thanks to Farnborough Airshow ...more

AAA Forecasts Small Decrease in Labor Day Holiday Travel
Coming holiday marks third consecutive travel period with a projected year-to-year decline in travelers ...more

Canada Tourism Commission releases Tourism Snapshot - 2007 Year-in-Review
Michele McKenzie, the CTC's President and CEO, noted that 'This annual publication provides a valuable base of information that is used for decision-making and strategic business planning as the CTC strives to make Canada the destination of choice in the nine international tourism markets on which it focuses.' ...more

Domestic And International Airfares Reached Record Levels In Q2 2008
Companies Achieve Savings by Tightening Policy Compliance ...more

STR reports U.S. hotel performance for July 2008
The U.S. hotel industry posted increases in the key performance measurements of average daily rate and revenue per available room during the month of July, according to data from STR. ...more

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Technology

First Asia-Pacific Conference to Highlight Future Trends and Asian Issues
Hotel Technology Next Generation (HTNG) today announced the program for its first Asia-Pacific Members' Meeting and Conference, to be held on September 22 and 23, 2008, at the Venetian Macao-Resort-Hotel. ...more

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Development

Interstate Hotels & Resorts to Manage Newly Built Best Western in Lower Manhattan
Hotel Operator's First Project with Ben Wong, founder of Wok and Roll Restaurants ...more

Holiday Inn Brand Family Growing Strong With New Look
During the first half of 2008, Holiday Inn and Holiday Inn Express signed a combined 203 hotels (24,327 rooms) globally - continuing the momentum from a record year in 2007 when the brands signed a combined 524 deals (63,431 rooms). ...more

Wyndham Hotel Group Announces Ramada Encore Deal for South Korea
Wyndham Hotel Group today announced an exclusive agreement with a South Korean company to develop 20 Ramada(R) Encore hotels in that country during the next six years, nearly tripling the brand's presence there. ...more

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Internet

Sunday Herald uncovers theft of data from every guest in 1300 Best Western Hotels in past 12 months
8 million victims in the world's biggest cyber heist ...more

StraightupTraveler.com, a new type of search engine referencing exclusively the most upscale and esteemed names in the world of travel writing
How many times have you gone to a big search engine with a simple request, only to receive a gazillion entries, mostly reflecting a webmaster's sneaky ranking skills or the big advertising budget of a mega-chain? For example, you're looking for insightful travel articles on visiting a destination, and if you're lucky, you'll hit the jackpot on entry 789. ...more

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Openings

Doubletree Opens Tenth North Carolina Hotel
Doubletree Hotel Rocky Mount Welcomes Guests to a Newly Renovated Hotel Experience in the Coastal Plains ...more

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Other

Elegant Resorts Partner With Virgin Galactic to Make Space Travel a Reality
Unveiling of 'Eve' Mothership heralds a new era of travel with Elegant Resorts and Virgin Galactic ...more

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Sales and Marketing

How to Use Local Events to Drive Qualified Traffic to your Hotel Website
As a hotel, one of the most difficult aspects of marketing is finding your target audience. A hotel can satisfy the needs of many different demographics, and simply marketing to the general public is not as effective as marketing to specific groups of people. ...more

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 Departments

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 .  Development 3
 .  Features 2
 .  Internet 2
 .  Openings 1
 .  Other 1
 .  Sales and Marketing 1
 .  Technology 1
 .  Trends 5

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