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Bass Hotels & Resorts (BHR) today changed its name to Six Continents Hotels. The change, reflecting the Company’s ever-expanding reach in the global hotel business, has been made in conjunction with the global re-branding of Bass PLC to Six Continents PLC. Signifying the final departure for the Group from it’s brewing origins following last year’s … Read more
NEW YORK, NY (Jan. 30, 2002) – “Know your customer” was the consensus advice from the various experts speaking at the “Moving the Industry Forward” strategic conference sponsored by the Hospitality Sales & Marketing Association International (HSMAI) at the Marriott Marquis in New York. The conference, a second in a series of new Executive THINKs … Read more
NEW YORK, Feb. 8 /PRNewswire/ — Cendant Corporation (NYSE: CD) today announced the sale of 40 million shares of Cendant common stock to Lehman Brothers, Inc. at $13.20 per share, net of selling concessions, resulting in net proceeds of $528 million. Lehman will also have a 30-day option to purchase up to an additional six … Read more
DALLAS, Nov. 12 /PRNewswire/ — The La Quinta Companies (NYSE: LQI) (La Quinta or the Companies) announced today that the Securities and Exchange Commission has declared effective its S-4 Registration Statement concerning the restructuring of La Quinta Corporation and La Quinta Properties, Inc. The S-4 Registration Statement contains the Proxy Statement – Prospectus for the … Read more
The uncertainty created by the potential conflict in Iraq has led the World Travel & Tourism Council to produce two sets of research to more fully explain the potential outcomes.
Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada.
The World Travel & Tourism Council (WTTC) today released the 2004 World Travel & Tourism Competitiveness Monitor. The new statistics reveal that Brazil and India are the most price competitive countries in terms of Travel & Tourism, while Norway is the most competitive in terms of social development for the second year running.
The European Hotel Valuation Index (HVI) shows that hotel values (expressed in local currency per room) decreased on average by 2.6% across Europe in 2001 compared with an increase of 7.8% in 2000, 2.0% in 1999 and 7.3% in 1998.
ORLANDO, Fla., April 2002-The Educational Institute of the American Hotel & Lodging Association has announced this year's winners of the Stars of the Industry awards for champions of hospitality training and education. The following people and properties were honored at the 22nd annual Stars of the Industry luncheon, Thursday, April 4, during the AH&LA Annual … Read more
MEMPHIS, Tenn., April 10, 2002 – Calvin Stovall has been named vice president – brand marketing for Homewood Suites* by Hilton, the national brand of upscale all-suite, residential-style hotels, according to Jim Holthouser, senior vice president, Homewood Suites by Hilton, brand management. Stovall previously served as senior director of brand marketing for Homewood Suites by … Read more