Milestone Report Features Top 10 Flavor Pairings and Leading Trends That Will Define 2010

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In year-over-year measurements, the industry\’s occupancy decreased 3.9 percent to end the week at 52.0 percent. Average daily rate increased 3.1 percent to finish the week at CAD$119.02. Revenue per available room for the week decreased 0.9 percent to CAD$61.93.

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Sol Meliá, the 15th-largest hotel chain in the world and the leading Spanish hotel and resort company, has launched a comprehensive brand assurance evaluation program across its global portfolio of hotel and resort brands.

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Strategic Hotels & Resorts, Inc. (NYSE:BEE) , today announced that the company has signed a purchase and sale agreement for the sale of the Renaissance Paris Hotel Le Parc Trocadero to an investment group led by an affiliate of Westmont Hospitality for a gross price of euro 35.5 million ($51.5 million), or approximately euro 305,000 per room.

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For hotels in the upper-tier chain scale categories, government travelers have historically been viewed as \’guests of last resort.\’ While government business is abundant, the per diem room rates set by federal, state, and local agencies are generally viewed as low. In addition, ancillary expenditures for food, beverage, retail, and recreation are restricted by government limits that are typically less than the average business traveler\’s budget.

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After dropping to the lowest level in the decade, Jones Lang LaSalle Hotels forecasts that global hotel transaction volume will increase by 20 to 40 percent in 2010, according to initial results from the firm\’s Hotel Investment Outlook 2010 report. The expected increase marks the first rise in two years.

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Apical Resource Group announces that is has successfully completed its one-year anniversary and is very pleased with its track record of being able to put a great number of travel and hospitality professionals back to work.

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The Caribbean/Mexico hotel development pipeline includes 131 hotels comprising 18,291 rooms, according to the November 2009 STR Construction Pipeline Report released this week.

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JAL Hotels Co., Ltd., today announced that a new 443-room hotel in Xiamen, China, will be added to Nikko Hotels International, its luxury international hotel group, in Spring 2011. Hotel Nikko Xiamen is one of four new Nikko Hotels properties being built in China. These new hotels will bring the total number of Nikko Hotels in China to nine.

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The Central/South America hotel development pipeline includes 131 projects with 19,929 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

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