| February 21, 2013 | News for hotel and lodging professionals |
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- MGM Resorts posts $9.2B revenue for 2012
MGM Resorts International has reported net revenue of $9.2 billion for 2012, including $5.9 billion generated by its wholly owned domestic properties. The company said that adjusted property earnings before interest, taxes, depreciation and amortization from its wholly owned domestic resorts was $1.3 billion in 2012. For the fourth quarter, MGM Resorts posted a consolidated operating loss of $425 million, while its wholly owned domestic properties saw operating income of $202 million. TravelPulse
(2/20)      
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- Accor slips to $789M loss for 2012
Losses from discontinued operations caused Accor Hotels to post a net loss of about $789 million for 2012. Revenue was up 1.5%, to about $7.45 billion, the company said. The company has revealed plans to restructure 800 of its properties to shrink its adjusted net debt. Bloomberg Businessweek
(2/20)
| Market Trends | | |
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- Women see flat irons, good shampoo as hotel must-haves
Women want to see chargers for electronics, hair-straightening irons, yoga mats and quality shampoo in their hotel rooms, a Hyatt Hotels & Resorts survey shows. Women want these items because they would have less to pack. Some hotels are offering hair-straightening irons and upgraded blow dryers upon request. Another request: better communication and ways to leave feedback. USA Today/Hotel Check-in blog
(2/19)
| Spotlight on Technology | | |
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- Vienna hotel debuts invisible room locks
Hotel Bristol in Vienna is the first in the world to install Essence by VingCard, an invisible door lock. The system is compatible with "VingCard Elsafe's patented VISIONLINE system, a proprietary wireless networking platform that connects standalone electronic locks and other guestroom devices and systems" through a server, this feature says. Travel Daily News International (Greece)
(2/19)
| Best Practices | | |
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- Column: Driving change is key to success
Leaders should accept the inevitability of change in the industry and embrace it in order to strengthen their organization, writes Renie Cavallari, CEO of marketing firm Aspire. "Change is the only constant in our world and it is ever present. ... When we decide to openly engage and participate in change, we turn our fear and limitations into abundance," Cavallari writes. Hotel Management online
(2/19)
| Development | | |
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- Trump Tower could come to Vancouver, British Columbia
Rumors are swirling that Holborn Group will put a Trump Tower in place of the canceled Ritz-Carlton hotel-condominium project in Vancouver, British Columbia. "Rest assured that it will be a luxury operator and that we are working extremely hard to bring to life a project that the city of Vancouver will proudly embrace for many years. The project will set a new benchmark, and we look forward to announcing the hotel operator in the coming weeks," said Joo Kim Tiah, president and CEO of Holborn Group. The Vancouver Sun (British Columbia)
(2/19)
| AH&LA News | | |
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Save on professional development
Distance Learning courses in hospitality management from the American Hotel & Lodging Educational Institute (EI) enable you to take college-level coursework while working full-time. You can save $50 per course during the Distance Learning Winter Special through March 15. Call 800-349-0299 or visit www.ahlei.org/distancelearning. Reference offer code STUDY.
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Download the AH&LA mobile app
AH&LA's mobile app keeps members up to date on the latest events on Capitol Hill, provides access to our Information Center, and connects members to AH&LA's social media activity. Members also get the latest on networking opportunities with top lodging leaders, education offerings, and special events. To learn more, visit www.mobile.ahla.com.
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