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Increasing Occupancy Rates Boost Labor Costs

Increasing Occupancy Rates Boost Labor Costs

One of the most significant findings of the 2015 edition of Trends in the Hotel Industry was the 4.9 percent rise in operating expenses (ExPAR) for U.S. hotels during 2014. This is the greatest annual increase in ExPAR since 2007, ...

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Capstone Development Founder Listens to His Gut

Capstone Development Founder Listens to His Gut

While most were just trying to stay afloat at the peak of the Great Recession in 2008, Norman Jenkins was busy moving forward, leaving behind a senior vice president position with Marriott International to launch his own company, Capstone Development. ...

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5 Views on Airbnb from Industry Leaders

5 Views on Airbnb from Industry Leaders

When hoteliers are at risk of losing market share to a new competitor, you can bet they’ll have a lot to say on the matter. Here are five opinions on Airbnb from industry leaders who spoke at the 2015 Lodging ...

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First Day of the 2015 Lodging Conference Shows Optimism

First Day of the 2015 Lodging Conference Shows Optimism

As this year’s Lodging Conference theme suggests, the hotel industry is “Climbing High” with record demand, strong operating metrics, an abundance of capital, and high deal volume. Data firm experts and hotel executives who took the stage on day one ...

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La Quinta on Solid Footing Despite CEO Departure

La Quinta on Solid Footing Despite CEO Departure

When news broke of La Quinta CEO Wayne Goldberg’s departure on Sept. 17, La Quinta shares began to drop. The company’s board of directors appointed CFO Keith Cline as interim president and CEO until executive search firm Korn Ferry identifies ...

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