(External) Online travel sites face turbulence – Success, consolidation appear to be ending, and scramble to expand market share begins

First there was the bust. Then the nation was at war. Neither scenario, however, damaged the online travel industry's explosive growth and rapid consolidation. But now industry watchers say the boomtime for the companies and their stocks may be over. Lorraine Sileo, analyst with PhoCusWright, a Connecticut-based consultant to the e-travel industry, suspects the party is definitely winding down.

Budgethotels Network Inc.'s New President Pleased With Company's Progress

POINT ROBERTS, Wash.–(BUSINESS WIRE)–Oct. 17, 2002–Budgethotels Network Inc. (OTCBB:BUDH) recently appointed President and COO, Mr. Lewis Dillman, in commenting on the 3rd quarter results states that he is pleased with the Company's progress. Revenues for the 3rd quarter increased to $210,266 from revenues of $145,415 in the 2nd quarter. Traffic on the Company's primary website, … Read more Budgethotels Network Inc.'s New President Pleased With Company's Progress

Homestead Studio Suites Vows to Beat Any Rate Online by 10 Percent

ATLANTA, Aug. 1 /PRNewswire/ — Homestead Studio Suites Hotels announced today the official launch of the company's Lowest Internet Price Guarantee on its branded Web site (http://www.homesteadhotels.com/ ). The program guarantees the company's branded site offers travelers the lowest nightly rate publicly available on the Internet for all of Homestead's 112 hotels. If a traveler … Read more Homestead Studio Suites Vows to Beat Any Rate Online by 10 Percent

WestCoast Hospitality Corporation Announces WestCoast and Red Lion 2001 Financial Results

SPOKANE, Wash., Feb. 14 /PRNewswire-FirstCall/ — WestCoast Hospitality Corporation (NYSE: WEH) today reported fourth quarter and year-end 2001 earnings for WestCoast and Red Lion Hotels and Inns. For the year ended December 31, 2001, pro forma earnings per share reflecting the impact of the Red Lion Hotels and Inns acquisition as if it took place … Read more WestCoast Hospitality Corporation Announces WestCoast and Red Lion 2001 Financial Results

The Woodlands Resort & Conference Center Enhances And Broadens Meetings, Incentives Experience With New Recreational Dimension

THE WOODLANDS, TX — The Woodlands Resort & Conference Center, long established as one of the most impressive and successful corporate meetings destinations in America, is introducing a whole new dimension in resort recreation to greatly enhance and broaden the meeting and incentive experience. The new features and improvements will dramatically increase The Woodlands' appeal … Read more The Woodlands Resort & Conference Center Enhances And Broadens Meetings, Incentives Experience With New Recreational Dimension

The St. Regis Resort, Spa and Residences, Fort Lauderdale Breaks Ground Today

WHITE PLAINS, N.Y.–(BUSINESS WIRE)–Jan. 11, 2002– Scheduled to Open in Fall 2003, 197-Room Hotel to Feature 29 Penthouse Residences in Tower and Renowned St. Regis Butler Service Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced that ground has been broken on the site of The St. Regis Resort, Spa and Residences, Fort Lauderdale, Florida, … Read more The St. Regis Resort, Spa and Residences, Fort Lauderdale Breaks Ground Today

Europe’s Largest Hotel Deal in 2001 – Hotel Arts Barcelona Sold

London, 20th December 2001 — The Hotel Arts complex in Barcelona has been sold, representing Europe’s largest single-asset hotel transaction in 2001. London-based Deutsche Bank AG’s Real Estate Private Equity group, together with Patron Capital Partners and a number of undisclosed co-investors have acquired the Hotel Arts complex from a Dutch-based holding company. The complex … Read more Europe’s Largest Hotel Deal in 2001 – Hotel Arts Barcelona Sold

Mandalay Resort Group's Online Room Reservations Soar 25%

LAS VEGAS–(BUSINESS WIRE)–Sept. 4, 2002–Mandalay Resort Group (NYSE:MBG), a leading owner and operator of world-class entertainment destinations, said room reservations made directly over its Web sites grew by more than 25% in the first half of fiscal year 2003. A review of e-commerce at Mandalay Resort Group — identified last year by Internet Week as … Read more Mandalay Resort Group's Online Room Reservations Soar 25%

Hilton La Jolla Torrey Pines Celebrates 10 Consecutive Years of Mobil Four-Star Award Excellence

LA JOLLA, Calif Feb. 19, 2002–The Hilton La Jolla Torrey Pines in Southern California is proud to announce that they have received the prestigious Mobil Four-Star Award for the 10th consecutive year. The Four-Star rating will be indicated with the Hilton La Jolla Torrey Pines' listing in the 2002 Mobil Travel Guide — a series … Read more Hilton La Jolla Torrey Pines Celebrates 10 Consecutive Years of Mobil Four-Star Award Excellence

Choice Launches Trip Miles Promotion Today

Today Choice launched its triple airline miles promotion where members of American Airlines AAdvantage, Delta SkyMiles, Northwest Airlines WorldPerks and US Airways Dividend Miles will receive triple miles when staying at any Choice brand hotel in the United States and the Caribbean. Throughout the promotion, which ends April 30, guests at Comfort Inn, Comfort Suites, … Read more Choice Launches Trip Miles Promotion Today