ATLANTA – America's Best Franchising has named Sterling F. Stoudenmire, IV as the company's new president and CEO, effective immediately. The company said he succeeds Doug Collins, "who has chosen to pursue new opportunities."
The owners of the hotels that participated in PKF Hospitality Research, LLC's (PKF-HR) Trends in the Hotel Industry survey paid management companies 5.0 percent more to operate their properties in 2012 than they did in 2011. This exceeds the average growth rate of 3.3 percent for all operating expenses during the same year.
The Asian American Hotel Owners Association (AAHOA) has introduced a new logo. The organization says it will be phased-in during coming months on all publications and electronic materials. It is the first change in AAHOA's logo since the group's founding in 1989.
HAWKINSVILLE, Ga.— What is the secret to building the world's largest hotel chain under a single brand name? If you ask its new chairman, the answer is putting its hotel owner-operators in charge instead of Wall Street investors as its competitors do.
Days after investigations in the U.K. and Switzerland into agreements between hotel chains and online travel companies (OTCs) that set minimum prices for hotel rooms became public knowledge, class action lawsuits were filed in the U.S. alleging federal and state law violations.
PKF Hospitality Research president Mark Woodworth and Prof. Jack Corgel, the Robert C. Baker chair (Professorship) in real estate at the Cornell University School of Hotel Administration, provide their preliminary predictions as of February 2014 on recent news of fourth quarter GDP growth for the United States.
After a hacker publicly showed how easy it was to open many hotel doors that had electronic key card locks, increased attention turned to new technical means to improve the security and safety of hotel premises.
"There is no gatekeeper anymore," says Dara Khosrowshahi, president and chief executive officer of Expedia to the Cornell School of Hotel Management. That is a surprising statement since many in the past have considered Expedia a gatekeeper for hotel bookings.
In the late 1920's the stock market was soaring, businesses were enjoying record profits and developers were constructing new buildings at a rapid pace. Mortgage companies began offering mortgage-backed securities, a new type of investment.