World / Economics & Finance
U.S. Hotel performance for week ending 27 June 2009
03.07.2009 12:14
hsyndicate.com
The U.S. hotel industry posted declines in all three key performance measurements during the week of 21-27 June 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 8.7 percent to end the week at 65.4 percent. Average daily rate dropped 9.5 percent to finish the week at US$97.49. Revenue per available room for the week decreased 17.4 percent to finish at US$63.74.
Netherlands
Hotels, Restaurants & Cafes
Newest Expedia Travel Trendwatch Shows Some Travelers Planning to Extend Vacations This Summer
03.07.2009 12:14
hsyndicate.com
Expedia.com(R), the world's leading online travel site, today released the summer issue of the Expedia Travel Trendwatch(R). This issue of the Trendwatch(R) illustrates how industry dynamics have produced an abundance of values for travelers this summer in destinations around the globe - and how some consumer behaviors are shifting in order to take advantage of these opportunities.
Netherlands
Hotels, Restaurants & Cafes
Rezidor announces the Park Inn Ulysse Resort & Thalasso, Djerba/Tunisia
03.07.2009 12:14
hsyndicate.com
The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces the Park Inn Ulysse Resort & Thalasso, Djerba – the first Park Inn in Tunisia and Rezidor’s 25th property on the African continent. The hotel featuring 259 rooms is scheduled to open its doors in November 2009.
Netherlands
Hotels, Restaurants & Cafes
Starwood Capital And Golden Tulip Hospitality Sign A Binding Agreement
03.07.2009 12:14
hsyndicate.com
Starwood Capital Group Global L.P. "(STARWOOD") is pleased to announce the signature of a binding agreement for an affiliate to purchase Golden Tulip Hospitality BV’s Franchise business, its Development & Representation businesses, Joint Venture interests, and the brands, trademarks and intellectual property of Golden Tulip, Tulip Inn and its related brands. This binding agreement is subject to certain formalities being completed and is expected to result in a full closing of the transaction by July 27 2009.
Netherlands
Hotels, Restaurants & Cafes
Front Desk Hospitality Training Can Generate Future Business | By - Doug Kennedy
03.07.2009 12:14
hsyndicate.com
When it comes to creating positive first impressions, the job of front desk associate is arguably the most important of any hotel staffer. For guests booking online or via third parties, the front desk literally is their first impression. Even for those who have spoken with the reservations team by phone prior to arrival, their front desk arrival experience will set the tone for their entire stay. Guests who have a positive experience at check-in are certain to be more understanding later, if/when they have objections or complaints later during their stay. In other words if they have a good experience at the front desk, they will be much more forgiving later when a room service tray is delivered late, when the air conditioning breaks, or when a housekeeping request is overlooked.
Netherlands
Hotels, Restaurants & Cafes
HVS EMEA Hospitality Enews - Week Ending 3 july 2009
03.07.2009 12:14
hsyndicate.com
Hungary For A Hard Rock Hotel | Meridia Capital Cools Down With A Lot of Lolly | Rezidor’s Royal Visit To Moscow | A New Scandic Hotel For Oslo | Portugal's First Crowne Plaza | A Recipe For Perfection | A Hilton To Reside In Qatar | Park Hyatt Says Hello To Saudi Arabia And Hilton Opens A New Garden Inn | A Four Points By Sheraton For Mauritius | Southern Sun Shines On Johannesburg | Kiessling’s Corner
Netherlands
Hotels, Restaurants & Cafes
Doubletree By Hilton Arrives In Qingdao, China
03.07.2009 12:14
hsyndicate.com
Hilton Hotels Corporation (Hilton) has officially opened the Doubletree by Hilton Qingdao/Chengyang in the Shandong Province of China. This opening brings the number of Doubletree by Hilton hotels in China to three, illustrating the growth strategy Hilton is targeting for the Doubletree brand across Asia Pacific. This newly redeveloped 320-room (including 24 suites) hotel, with extensive meetings and events facilities designed to cater for up to 750 people, is owned by the Qingdao Sunkin Group. The hotel will offer business, leisure and MICE travellers the chance to experience the Doubletree approach to professional, relaxed and refreshing hospitality.
Netherlands
Hotels, Restaurants & Cafes
Australian & New Zealand Weekly: Medium Term View on Interest Rates
03.07.2009 12:09
actionforex.com
The Reserve Bank board next meets next Tuesday. There is little chance the Board will decide to change rates next week. In our note last week we pointed out that the two key factors (apart from an unexpected global meltdown) that will influence the Board from this point will be...
World
E-commerce
Pound Falls on Weak Q1 GDP Data
03.07.2009 12:09
actionforex.com
Range-trading continues to be the dominant theme in foreign exchange, with volatility gradually falling further in G-10 currencies. GBP/EUR is closing today at €1.1670, firmly within the 3-week range of €1.16-€1.19. Weaker economic data (Q1 GDP growth and current account reports) had helped to trigger a move below €1.16 earlier...
World
E-commerce
FX Briefing - ECB: Concealed Rate Cut
03.07.2009 12:09
actionforex.com
The prevailing mood in the equity markets was favourable, and against this backdrop, EUR-USD strengthened somewhat up until the middle of the week. The single currency was mostly above 1.40, and even touched 1.42 temporarily. The movement was volatile, however.
World
E-commerce
Weekly Market Commentary
03.07.2009 12:09
actionforex.com
Interbank and Treasury yields are mostly lower again as we ponder what comes next. Spreads between Libor and Official Interest rates are at their narrowest since the crisis erupted on our radars, pushing some money market futures contracts to new record highs (Eurodollar 99.4625 and Euribor 99.050). This dragged two-year...
World
E-commerce
Medici lawyer says Kohn didn't get Madoff payments
03.07.2009 12:00
reuters.com
NEW YORK/VIENNA (Reuters) - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
World
Economics & Finance
Teck to sell 17 percent stake to China for C$1.7 billion
03.07.2009 12:00
reuters.com
TORONTO (Reuters) - Canada's Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help Teck pay down debt while expanding China's portfolio of commodity investments.
World
Economics & Finance
German parliament approves "bad bank" plan
03.07.2009 10:14
dw-world.de
Germany’s lower house of parliament, the Bundestag, has passed a bill for the creation of "bad banks" to absorb toxic assets and clean up balance sheets at financial institutions caught up in the financial crisis.
World
Economics & Finance
MP Azarov (Party Of Regions) Forecasts 23-24% Fall In Ukraine’s GDP In 2009
03.07.2009 10:13
ukranews.com
Azarov made the forecast at a press conference.
Ukraine
Finance & Investments
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