Non-profit timeshare company Royal Aloha Vacation Club (RAVC) has announced the reduction of its perpetual membership initiation fees by 60% as part of its 34th anniversary celebration. The promo, which lasts only until September 20, 2011, covers all nine destinations including Waikiki, Kona and Maui, Hawaii; Lake Tahoe, Chandler, Branson and Oregon, US; Marbella, Spain; [...]
Interstate Hotels & Resorts just announced the JMH Interstate Hotels India, a 50/50 joint venture management project between Interstate and JMH hotels. The companies have signed contracts to operate an additional two hotels expected to open on the subcontinent this year: the Rajasthali Resort & Spa in Jaipur and the Ramada Amristar. The Rajasthali was [...]
[wikichart align="right" ticker="NYSE:HOT" showannotations="true" livequote="true" startdate="30-01-2011" enddate="30-07-2011" width="300" height="245"] Starwood Hotels and Resorts Worldwide Inc. recently posted a growth in revenue by 15 percent during the second quarter of 2011. $17 million Gain The hotel company netted a profit of $131 million compared to $114 million from the previous year. Other highlights of the Q2 [...]
[wikichart align="right" ticker="NYSE:DRH" showannotations="true" livequote="true" startdate="29-01-2011" enddate="29-07-2011" width="300" height="245"] DiamondRock Hospitality Company recently released a report that indicates RevPar for the second quarter increased 6.4 percent. Increase in Revenue DiamondRock Hospitality netted revenue of $169.5 million compared to $151.1 million from the previous year. The adjusted EBITDA also increased to $41.1 million, in contrast to [...]
Yug-Novy Vek, a subsidiary of Snegiri Development, will manage the first hotel owned by Hyatt Hotels Corporation in Sochi, Russia in time for the Winter Olympics to be held there in 2014. The Hyatt property, to be known as Hyatt Regency Sochi, sealed the agreement with the leading Russian real estate developer while construction is [...]
On Thursday, US Transportation Secretary Ray LaHood called the attention of lawmakers. He recommended that they pass a bill in support of reviving the Federal Aviation Administration’s (FAA) operations, to provide employment for more than 70,000 construction workers and staff. Work Cancelled, Staff Unemployed It can be recalled that the FAA’s normal course of [...]
ShareLuxe Club has recently become part of the expanding international offerings of Interval International, according to a statement from the global exchange company. ShareLuxe controls three properties in Kyoto, Japan’s two-century old former capital and considered the country’s spiritual center. The club also owns a villa in Bali. The properties are part of the club’s [...]
Lifestyle Holidays Vacation Club (LHVC), known for its distinctive V.I.P. membership program, recently opened another upscale property along the north coast of the Dominican Republic in Puerto Plata. The new resort is called Royal Suites, located at the center of Lifestyle Holidays Vacation Resort. It is the company’s 6th vacation place after The Tropical, The [...]
Wyndham Worldwide Corporation recently reported that its profit in the second quarter increased to 20 percent. Increase in Net Income Wyndham netted income of US$114 million from last year’s $95 million. With regards to a per share basis, the company’s earnings grew 31 percent which is equivalent to $0.67, a far cry from $0.51 in [...]
Come summer, Hotel New Orleans’ new owner is set to unveil its new look. Hotel New Orleans Holdings, LLC, a joint investment between HRI Properties and Interwest Capital Corporation, is now the proud owner of Hotel New Orleans. Located just across the Ernest N. Morial New Orleans Convention Center, the investors are positive that a [...]