Hotel Industry News Archive for 2012

Confidence about the US economy's 12-month outlook rose sharply this past quarter among executives surveyed for PwC US’s Private Company Trendsetter Barometer. Sixty percent of Trendsetter executives voiced optimism (up 21 points from the prior quarter), with just 8% expressing pessimism; the remaining 32% were uncertain.

HHM, commonly referred to as Hersha Hospitality Management, has added 21 contracts to its management portfolio in the past 18 months. This includes 12 hotels in its newly-formed full-service division.

White Lodging announced Denise Milroy has been promoted to lead the Fairfield Inn & Suites in Hammond, IN as its new general manager. She previously was the operations manager at the same hotel.

Orient-Express Hotels Ltd. (NYSE: OEH) today announced that Board member Philip R. Mengel has been named Interim Chief Executive Officer while the Board continues its search for a permanent CEO.

Weger replaces former CFO Melvyn Wilinsky, who retired in December 2011 after 19 years with Outrigger.

The property featuring 100 rooms is scheduled to welcome the first guests in 2014. Tsinandali lies in the province of Kakheti, one of the most popular tourism regions of Georgia; east of the capital city Tbilisi and bordered by the Greater Caucasus Mountains to the North.

The new four-star superior hotel, which will be operated by the Innside by Meli design brand, will be located inside the Colorium building in the popular Medienhafen area of the city - also the capital of the Federal State of North Rhine Westphalia.

The new program offers guests a specially curated menu of premium wines and weekly tasting events at more than 240 participating Sheraton hotels around the world.

Compared to 2011, more Americans are planning to kick-off the summer with a Memorial Day weekend excursion this year; however, they are conscientious about travel expenses, according to a new Deloitte survey.

Pro forma RevPAR for the quarter ended March 31, 2012, increased 6.1 percent to $ 60.92. Pro Forma RevPAR growth, excluding the results of the six hotels undergoing renovations during the first quarter of 2012, would have increased by an additional 220 basis points to 8.3 percent.