Lodging Daily News

It’s been a tough couple of years in the meeting business: the finally fading AIG effect that placed a stigma on luxury meetings in particular; the reluctance of corporations to spend money on business travel; and the emergence of technologies that promise low-cost substitutes for face-to-face events. A turnaround does seem to be in place, but the meetings landscape has been permanently transformed by all of the above. Some meetings industry leaders see a silver

In the March 2011 edition of our monthly Hospitality Market Update newsletter, PKF Hospitality Research (PKF-HR) made the following observation: “The driving force behind revenue growth in 2011 is clearly price positioning. The higher the room rate, the greater the projected growth in ADR and, consequently, RevPAR.” After analyzing the results of the 2011 Trends® in the Hotel Industry survey, the relationship between price positioning and profits appears to be as strong as the correlation

As the recovery of demand for the U.S. lodging industry takes hold, a detailed look at the data reveals a more mixed result when looking at specific locations. The good news first: Hotels in all location types reported strong demand increases when compared to the first four months of 2010. These vary from 7.2 percent for suburban hotels to 5.2 percent for airport properties—certainly a great showing and an indicator that business and leisure travel

Property insurance is a valuable asset that can protect businesses in the hospitality industry from both natural and man-made disasters. Such insurance may provide coverage not only for physical damage to and loss of property, but also economic losses resulting from the interruption of your business and during the time your business is recovering. When a policyholder submits a claim for coverage following a loss, however, insurance companies often refuse to pay the claim based

As the summer travel season approaches, the lodging industry is celebrating a major legislative win. This time last year, AH&LA was fighting an intense battle against the Internet Travel Tax Fairness Act (ITTFA). Opposing ITTFA is our number one legislative priority and hoteliers from across the country visited with their members of Congress during our 2010 Legislative Action Summit (LAS) to explain the threat ITTFA posed to the lodging industry. Aided by a common sense