Archive for July, 2009

Jul
01
    
01-07-2009 » Hotel industry news

Wyndham Hotel Group, the world\’s largest hotel company with approximately 7,000 hotels and 11 brands, has appointed Flo Lugli as executive vice president of marketing, responsible for the strategy and execution of the Hotel Group\’s global marketing efforts.

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Jul
01
    
01-07-2009 » Hotel industry news

Your company may have a debt and/or equity interest in one or more hotels or resorts. In difficult economic times, falling occupancies and average room rates can exert heavy pressures on hotel and resort owners\’ abilities to pay their debt service. To further complicate matters, as term loans become due, tighter underwriting standards and higher lender requirements often make it impossible for the full amount of a loan to be rolled over.

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Jul
01
    
01-07-2009 » Hotel industry news

To strengthen its action plan, which calls for a 15% reduction in support costs, Accor is considering a voluntary separation plan in France intended to adjust its headquarters staff.

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Jul
01
    
01-07-2009 » Hotel industry news

The great American road trip is back. After years of extravagant, keep-up-with-the-Jones\’ trips, more people are strapping down and simplifying their vacations because of the economy.

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