Hotel Pricing Trends and Parity Analysis for the week of February 06 – 12, 2013 in US and Canada Re
February 1, 2013
Hotel Online News for the Hospitality Executive February 19, 2013 – RateGain, The Leading hospitality technology company, released this week's Hotel Pricing Trends and Hotel Rate Parity report, where revenue professionals can analyze data trends on cheapest hotel rates and track hotel rate parity as well as median rate for three months of three, four and five star hotel category across some of the major cities in US and Canada region. Data range spans across February to April 2013, starting from the second week of February (all rates in US dollars and for two adults on one-night stay) The report is also released with easy-to-read ...
Prestige Hospitality Group Appoints Aaron O’Connor as Director of Food & Beverage and Chr
February 1, 2013
Hotel Online News for the Hospitality Executive BRISTOL, CT – February 14, 2013 – James C. Frenis, CHA, Chief Executive Officer of Prestige Hospitality Group, LLC (PHG) is pleased to announce the appointment of two industry veterans to the senior staff of the Clarion Hotel located on Century Drive in Bristol, Connecticut. Aaron O'Connor has been named Director of Food & Beverage and Christine M. Malay has been appointed as Catering Sales Manager for the hotel. Aaron T. O'ConnorDirector of Food & Beverage Christine M. MalayCatering Sales Manager Mr. O'Connor will be responsible for overseeing all food and beverage o...
Premier Capital Associates Arranges Financing for a Marriott Hotel Portfolio / February 2013
February 1, 2013
Hotel Online News for the Hospitality Executive February 14, 2013 - Bellevue, WA - Premier Capital Associates, LLC has arranged a $30,000,000 recapitalization of a Marriott Hotel portfolio in Texas. The recapitalization allowed the hotelier to access equity trapped in the portfolio which allows for greater operational flexibility across the portfolio. The hotel owner was able to take advantage of the current low interest rates available for financing. Specific terms and conditions are not disclosed. Premier Capital Associates is a full-service, national real estate investment banking company specializing in debt finance f...
Despite Competitive Hotel Environment Prague Witnesses a 6.3% Growth in RevPAR in 2012; According t
February 1, 2013
Hotel Online News for the Hospitality Executive London, 26th February 2012 – Despite a competitive hotel environment, hotels in Prague have witnessed a 6.3% growth in RevPAR in 2012 bolstered by a robust growth in inbound tourism. In 2013, we anticipate continued growth in trading performance due to a slowdown in supply growth and further interest in foreign tourists. As at December 2012, hotel supply in Prague consisted of approximately 341 hotels and 26,400 hotel bedrooms. The city is dominated by upscale hotels, with 4-star and 5-star establishments representing roughly 52% of the entire hotel bed stock. This hotel segment saw ...
After Recent Payments of Over $730 Million to Settle a US Justice Department Case, Online Gambling
February 1, 2013
Hotel Online News for the Hospitality Executive By Donald Wittkowski, The Press of Atlantic City, Pleasantville, N.J.McClatchy-Tribune Regional News Feb. 18, 2013--Online global gambling giant PokerStars will face intense regulatory scrutiny when its parent company seeks approval to buy the struggling Atlantic Club Casino Hotel. The proposed deal represents the first time in Atlantic City that an Internet gambling company would join up with a brick-and-mortar casino, giving a glimpse of the future in the emerging field of online wagering in the United States. PokerStars' past, however, may ultimately determine whether PokerStars' paren...
Hotel Chinzanso Tokyo Switches to Pegasus Solutions; Five-star Luxury Property Moves to Pegasus for
February 1, 2013
Hotel Online News for the Hospitality Executive DALLAS (February 13, 2013) – Hotel Chinzanso Tokyo has switched to Pegasus Solutions for global distribution and sales support following a rebranding on January 1. The former Four Seasons Hotel Tokyo at Chinzanso will now be represented and marketed through the global distribution systems (GDS) under the UI chain code. Celebrating 60 years in 2013, Hotel Chinzanso Tokyo is a five-star luxury hotel ideally situated among 17 acres of traditional gardens in Tokyo. The hotel features 260 guestrooms, 44 suites, 12 restaurants, 36 banquet, meeting and wedding spaces, as well as a unique e...
Pegasus Solutions Names Craig Barnby Vice President, Product Services; Regarded Hospitality Veteran
February 1, 2013
Hotel Online News for the Hospitality Executive DALLAS (February 6, 2013) – Pegasus Solutions has named 19-year hospitality technology veteran Craig Barnby vice president, product services. In this role, Barnby will be responsible for overall product strategy and development for Pegasus' powerful distribution, booking and reservation solutions. "With a background in hotel services, Craig is a creative and thoughtful leader who blends technological understanding with firsthand knowledge of front-of-house and reservations operations. This translates to an uncomplicated approach to delivering solutions capable of driving our clients...
Pegasus Solutions Reports January Global Corporate Bookings Surged by +8% Over 2012; Leisure Market
February 1, 2013
Hotel Online News for the Hospitality Executive DALLAS (February 28, 2013) – Corporations welcomed the new year by booking more travel, according to Pegasus Solutions, the single largest processor of electronic hotel transactions. After holding steady at 2011 levels in December 2012, January 2013 surged ahead with booking gains of nearly +8% for the global corporate market, a performance that was exceeded in the leisure sector. Accompanying global growth in reservations, rates paid by corporate travelers increased by +2.1% over prior year. In North America, corporate bookings climbed +5.4% over 2012 as rates grew slightly more by...
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