Category archives for: Business

US Travel Industry Plans To Create 1.3 Million Jobs

US Travel

The US Travel Association recently unveiled a plan to generate up to 1.3 million jobs within the US, adding an estimated $859 billion to the national economy by 2020. The plan involves reforming the antiquated visa process that has driven away international travelers. It will involve increasing staffing, reducing the problems in the visa interview [...]

Tapestry Resorts Announces Lauren Teranishi as Kona Reef General Manager

Kona Reef

Lauren Teranishi has just been named the new general manager for Kona Reef Resort in Kona, Hawaii. Tapestry Resorts, a full-service hospitality management solutions company and a division of ResortCom International, operates all resort services for the property. Teranishi is to oversee every aspect of the resort’s operations and its facilities on a day-to-day basis. [...]

Ashley Guerrera Becomes Spirit Incentives’ Newest Product Manager

Spirit has a new Product Manager in its roster

Spirit Incentives, provider of travel, rebate and cash-back incentives, has announced the appointment of Ashley Guerrera as Product Manager. The critical position will see Guerrera take charge of developing the company’s product line, which caters to diverse markets including timeshare, finance and retail. It will definitely be a challenging one, since Spirit’s core principle is [...]

InnSeason President Named ARDA Northeast Chairman

InnSeason's Ducharme ascends to ARDA's NE Chapter chair

InnSeason Resorts President Dennis M. Ducharme, RRP has been appointed Chairman of the American Resort Development Association’s Northeast Chapter. Ducharme was nominated by the chapter’s Executive Committee, and appointed by ARDA’s President and CEO, Howard Nusbaum, together with the Board of Directors. Ducharme served as a member of the Northeast Chapter Executive Committee, apart from [...]

Starwood Sells Westin Hotel in San Diego, CA to Pebblebrook for $110M

The Westin Gaslamp Quarter changes hands

[wikichart align="right" ticker="NYSE:HOT" showannotations="true" livequote="true" startdate="12-10-2010" enddate="12-04-2011" width="300" height="245"] Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) announced the sale of  The Westin Gaslamp Quarter to a wholly-owned subsidiary of Pebblebrook Hotel Trust (NYSE: PEB), for $110 million. Starwood will continue to operate the hotel under the Westin flag for 20 years, with two ten- year [...]

Morgans Hotel Group Sells 2 NY Properties to Felcor for $140m

New York's The Royalton changes hands

[wikichart align="right" ticker="NYSE:FCH" showannotations="true" livequote="true" startdate="05-10-2010" enddate="05-04-2011" width="300" height="245"] Morgans Hotel Group Co. (NASDAQ: MHGC) announced the signing of a a definitive agreement to sell the Royalton and Morgans hotels in New York  to an affiliate of FelCor Lodging Trust. The $140-million deal marks Felcor’s first acquisition of lodging properties in New York,  and its intent to [...]

Marriott Predicts Low Demand in North American Market

marriott-golf

Marriott Hotels Chief Financial Officer Carl Berquist said that business has begun to pick up in overseas markets, but that the North American market is doing worse than expected. The hotel operator believes revenue per available room in that market will come in at the low end of its guidance. Stocks in the company fell [...]

US Hotel Rates Rebound With Economic Improvement

Paris hotels

Even as the effects of the recession linger, the hotel business is still managing to make a revival, pushing itself back to life over the last year. According to a report from Hotels.com, the average cost of a hotel room went up by 2% in 2010, the first time rates have risen since 2007. The [...]

ResortCom Names Alex Marxer as New President

ResortCom

An announcement from ResortCom International LLC has named Alex Marxer as the new president. Alex has been building bridges between technology and business for the past 15 years, particularly in the areas of Customer Experience Management. He has worked as both a consultant and an executive. Prior to this appointment, he served as Vice President [...]

Absolute World Group to Market Phase 2 of The Village Coconut Island

The main attraction of the 33-acre landscape site is the 550-meter beach front that offers scenic views of Phang Nga Bay.

Absolute World Group has been chosen to handle the sales and marketing of the second phase of The Village Coconut Island, a fractional and whole ownership property situated in Phuket, Thailand. The main attraction of the 33-acre landscape site is the 550-meter beach front that offers scenic views of Phang Nga Bay. Chris Gordon, owner [...]

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