Copyright 1995-2010 Hsyndicate.com http://www.hsyndicate.org/ Top Stories - Latest Hospitality and Hotel Industry News and Events en-us Tue, 09 Feb 2010 13:41:58 GMT content@hsyndicate.com davy@hsyndicate.com Hsyndicate RSS FeedGenerator 5 http://www.hsyndicate.org/news/4045353.html http://www.hsyndicate.org/news/4045353.html Tue, 09 Feb 2010 13:28:16 GMT http://www.hsyndicate.org/news/4045352.html http://www.hsyndicate.org/news/4045352.html Tue, 09 Feb 2010 13:12:42 GMT If you're a hotel hopper, akin to George Clooney in "Up in the Air," your credit card details may be in danger. Hackers steal card data from the hospitality industry more than any other -- even more than financial service companies -- according to a study by Trustwave's SpiderLabs, an information security company. Out of the 218 data-breach investigations from 24 countries the company studied, 38 percent of the attacks occurred on hotels. And once the attack occurred, it took an average of 156 days for the business to realize it. http://www.hsyndicate.org/news/4045351.html http://www.hsyndicate.org/news/4045351.html Tue, 09 Feb 2010 13:10:01 GMT Hotel-room televisions are the "No. 1 pet peeve" of frequent business traveler Chris Byrd. Byrd, who stays about 75 nights a year in hotels, says an increasing number of rooms have new flat-screen, high-definition TV sets. But, he says, the picture quality is often poor. "Many times I've reported problems, and most desk agents have no clue what I'm talking about," says Byrd, a Phoenix-based research associate in the pharmaceutical industry. http://www.hsyndicate.org/news/4045350.html http://www.hsyndicate.org/news/4045350.html Tue, 09 Feb 2010 13:06:21 GMT The Ritz-Carlton Lake Las Vegas, a five-diamond hotel at the troubled resort community in Henderson, told its 340 employees Monday that it will close on May 2.The Ritz-Carlton Lake Las Vegas, a five-diamond hotel at the troubled resort community in Henderson, told its 340 employees Monday that it will close on May 2. Transcontinental Corp. opened the 349-room hotel in 2003, but Deutsche Bank took over ownership of the property last year through an affiliated company called Village Hospitality and decided to stop funding the resort. "The unprecedented economic downturn has had a significant impact on the hotel's operations. As a result, Village Hospitality LLC concluded that continuing to fund operations was no longer economically viable and consequently decided to close the hotel effective May 2, 2010," Assistant Vice President Scott Helfman said in a statement. http://www.hsyndicate.org/news/4045349.html http://www.hsyndicate.org/news/4045349.html Tue, 09 Feb 2010 13:01:03 GMT All types of real estate investments, including hotel facilities, have life cycles that reflect a rise and fall of net operating income during a property’s economic life. A renovated, repositioned or brand new hotel experiences rising occupancy and/or average room rate levels during the first two to five years of operation/ownership. Hotel investors project income and expenses for the first several years of an assumed holding period up to and including a “stabilized” level of business. Beyond the initial years of a hotel’s operation/ownership, a forecast of a “stabilized” level of hotel net income is estimated as a representation of an average annual level of anticipated profit over the remaining economic life of an asset. http://www.hsyndicate.org/news/4045348.html http://www.hsyndicate.org/news/4045348.html Tue, 09 Feb 2010 12:58:54 GMT The Olympic Games might be played by amateurs, but the preparations surrounding the 2010 Winter Olympics in Vancouver is strictly for the professionals. Local hospitality organizations and hoteliers have spent months and years preparing for the onslaught of winter sports fans, Olympic officials, contenders and their families and press that will descend on Vancouver this month. http://www.hsyndicate.org/news/4045346.html http://www.hsyndicate.org/news/4045346.html Tue, 09 Feb 2010 12:32:29 GMT The dates of 3 and 5 February will be forever engraved in the minds of the 174 students of the Bachelor Programme and the Diploma of the Ecole hôtelière de Lausanne (EHL). In two distinct graduation ceremonies held last Wednesday and Friday, the students received their qualifications following two years study for Diploma students and four years of study for Bachelor Programme students. http://www.hsyndicate.org/news/4045345.html http://www.hsyndicate.org/news/4045345.html Tue, 09 Feb 2010 12:09:48 GMT The Plaza and the Pierre | I recently visited two restored hotels at Grand Army Plaza in New York. The contrast could not have been greater between the Plaza and the Pierre Hotels: The Plaza Hotel, once labeled the greatest hotel in the U.S., no longer qualifies for that designation. After a 2-year conversion to a condominium hotel with 50 private residences, 181 condo hotel rooms and 282 transient rooms, it reopened just after its 100th anniversary in 2007. http://www.hsyndicate.org/news/4045344.html http://www.hsyndicate.org/news/4045344.html Tue, 09 Feb 2010 12:01:16 GMT A mix of customer-generated media and non-traditional Fairmont content, the new site will serve as a virtual gathering place for Fairmont guests, colleagues, and others and be an interactive environment where fans of the brand can post photos or video from a memorable trip, participate in exclusive polls and contests, access exclusive hotel and destination content, and engage in dialogue with other site users about their Fairmont travel experiences. http://www.hsyndicate.org/news/4045342.html http://www.hsyndicate.org/news/4045342.html Tue, 09 Feb 2010 12:00:36 GMT The global recession has changed the landscape for business, for people, for markets and forever. A new order changes everything. It changes behaviour, attitudes, confidence, brands and how people decide. One thing is for sure, the new way will not reflect the old way. A business, any business, waiting for 'the good old days' to return better have a rucksack full of survival gear. The 'good old days' are gone, the economic storm saw to that.