Strategic Hotels and Resorts Inc. recently submitted a report which indicates an increase in the company’s RevPar performance to 12.6 percent for the second quarter of 2011. $39.5 million Net Income The hotel company netted an income of $39.5 million, which is equivalent to $.22 per fully diluted share. Comparable EBITDA had a 13 percent [...]
Shell Vacations partners with Interval International to open up new destinations for its members. Shell Vacations, LLC, a well-known independent resort developer, has finally decided to tie up with one of the top global providers of vacation services, Interval International. An active wing of Interval Leisure Group (IILG), Interval International sees the potential of boosting [...]
Judging from experiences last year, the United States Bureau of Transportation Statistics (BTS) showed that 40 out of 100 recorded flight delays occurred in Newark, New Jersey. Out of these flights, Delta Air Lines owns the top spot for both of its departures from Newark to Atlanta scheduled at 5pm and 6:25pm. Air traffic congestion [...]
Hyatt Hotels Corporation, one of the most prominent hoteliers in the world, has recently announced plans to sign an agreement with SIGNA Holding Group for the chance to manage Park Hyatt Vienna. Set to be located in the heart of the city’s famous First District, the Park Hyatt Vienna will be built within a historic [...]
[wikichart align="right" ticker="NASDAQ:MHGC" showannotations="true" livequote="true" startdate="03-02-2011" enddate="03-08-2011" width="300" height="245"] Morgans Hotel Group (MHG) recently reported an adjusted EBITDA for the second quarter in 2011 amounting to $11.8 million. The adjustment shows an increase of $3.7 million compared to the previous year. Increased RevPar For System-Wide Comparable Hotels, RevPar is up by 16.1 percent, which is [...]
Another alleged timeshare scammer from Florida was caught targeting helpless senior citizens, asking them to send him money in exchange for thousands of dollars. The man who calls himself Jose Suarez posed as an employee of the Palm Beach County courthouse. He has been accused of swindling the elder population of the state, with three [...]
Peninsula Bay Resort in Bali chose to be part of Interval International. An outstanding global provider of holiday services and an affiliate of Interval Leisure Group, Interval International, Inc, has added yet another acquisition to its growing vacation resort network—Peninsula Bay Resort in Bali, Indonesia. To date, the Peninsula Bay Resort ranks as the most [...]
A stalemate caused by partisan politicking has caused the partial shutdown of the Federal Aviation Administration, with the possibility that this will continue well into September. This has effectively stopped airport construction projects and will deprive federal coffers of the potential $1 billion or more in uncollected ticket taxes, after congress failed to reach a [...]
The Hideaways Club recently launched its Founder Member Hybrid Share, giving new members investment savings on individual fund membership for both its Classic and City Collection funds. Savings of around $16,000 on overall entry fees will be given to new entrants who sign up for both funds at the same time. There are three types [...]
France recently launched a new marketing campaign entitled Rendez-Vous en France (Let’s Meet in France), in an attempt to encourage travelers to visit the country. A Friendlier France The French government is seeking to revamp the country’s bad reputation with a marketing campaign specifically intended to attract more tourists. The Rendez-Vous en France campaign aims [...]