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2008-06-26 News Highlights

Trends

Weekly U.S. Lodging Performance for the week of June 15, 2008 - June 21, 2008
Weekly summary of Occupancy, ADR and REVPar for the United States. ...more

Emerging Tourism Markets - The Coming Economic Boom
International tourism in emerging & developing markets has grown at an average rate of 6-8% over the past decade. Twice the rate of industrialized countries. ...more

International Visitation and Spending Up in the First Quarter of 2008
The U.S. Department of Commerce today announced international visitation to the United States rose 15 percent, and visitor spending increased by 20 percent in the first quarter of 2008 over last year. In March 2008, visitation to the United States climbed substantially to 4.7 million, an increase of 19 percent over March 2007. ...more

Fourth Consecutive Year of Growth in 2007 for Europe's Tourism
ETC report confirms that Europe's tourism growth has continued to exceed the long-term UNWTO forecast ...more

Priceline Releases Its 5th Annual Top Destinations List For July 4th
Priceline.com (Nasdaq: PCLN) today released the results of its 5th annual survey of the 50 most-popular destinations for the upcoming Independence Day weekend. The survey is based on hotel room booking requests made by priceline.com customers for check-in between June 29 and July 4. ...more

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Technology

Motel 6 Announces Installation of Wi-Fi in Properties Nationwide
Over 800 Motel 6 and Studio 6 Properties Now Offer Wi-Fi to Guests for $2.99 ...more

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Development

Plans underway for a new Mövenpick Resort in Tanzania
A new Mövenpick Resort is to be built near Arusha, Tanzania, by 2011. A management agreement has just been signed with the owning company, Taninvest Group of Companies. The Swiss international hotel chain has been present in Tanzania since 2005, with the award-winning Mövenpick Royal Palm Hotel Dar es Salaam now one of the leading hotels in the country. ...more

Fairmont Announces New Resort Development in Oman
Fairmont Hotels & Resorts continues to expand globally, announcing that it will soon manage Fairmont The Wave, Muscat, a luxury resort development located in Oman. ...more

New York State Legislature Approves Development of $1 Billion New Concord Resort Destination
Empire Resorts, Inc. (NASDAQ: NYNY) and Concord Associates announced that the New York State Legislature has approved Governor David Paterson's program bill granting an enhanced revenue structure to cover expenditures, which will make possible a $1 billion dollar world-class gaming resort destination at the site of the historic Concord Hotel in Sullivan County, N.Y. ...more

Starwood Vacation Ownership Announces Plans for Third Maui Resort
Hawai'i's first full-service resort aiming for LEED certification to open in Fall 2011 ...more

The Waldorf=Astoria Collection Expands to Canada with the Waldorf=Astoria Hotel & Residences Montreal
The $200 million investment, which will include 250-hotel rooms and 76 Waldorf=Astoria Residences, will be the brand's first property in Canada. Planning is now underway for a summer 2011 completion and opening. ...more

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Internet

The Perfect Storm: Search, Shop, Buy Part 1 - By Philip C. Wolf
The successful theme of last year's PhoCusWright Conference, 'Braving the Long Tail,' and 'Travel 2.0 Confronts the Establishment' the year before, set the stage for the storm that is now brewing in the online travel space. ...more

Sheraton Hotels Launches New Website Dedicated to Its Global Collection of Premier Resorts
New Sheratonresorts.com Invites Travelers to Customize Their Dream Vacation and Discover Unique Experiences at 62 Luxurious Resorts across Six Continents ...more

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Other

Canadian hotel company CHIP Hospitality Changes Name to SilverBirch Hotels & Resorts
In October 2007, CHIP Hospitality (a former Real Estate Investment Trust) was purchased by Victoria- based British Columbia Investment Management Corporation (bcIMC). ...more

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