News for March 2012

New Orleans hotels draw local crowd with creative bar offerings

New Orleans hotels draw local crowd with creative bar offerings

March 30, 2012 Latest News

In New Orleans, Hotels Lure a Local Fan BaseBy PABLEAUX JOHNSONThe New York TimesPublished March 29, 2012MIDWAY through a Friday happy-hour gig, the bandleader Shannon Powell started taking requests.“Anything y’all wanna hear?” he a… Read More »

Convention Center contributes $30 million to effort to spruce up tourism district

Convention Center contributes $30 million to effort to spruce up tourism district

March 29, 2012 Latest News

"We're using the Super Bowl as an opportunity to fix a ton of dissatisfiers as quickly as possible..."March 28, 2012By Jaquetta White, The Times-PicayuneThe Ernest N. Morial Convention Center-New Orleans will contribute up to $30 million to an e… Read More »

PKF revises hotel revenue forecast upward

PKF revises hotel revenue forecast upward

March 28, 2012 Key Issues

March 21, 2012Travel WeeklyPKF Hospitality Research boosted its revenue forecast for U.S. hotels this year, and said the industry is partway through the longest growth period for occupancy rates on record.U.S. revenue per available room (RevPAR) w… Read More »

Tourism spending in U.S. surged 8.1% last year to $1.2 trillion

Tourism spending in U.S. surged 8.1% last year to $1.2 trillion

March 28, 2012 Latest News

Although American travelers account for the vast majority of tourism spending, more foreign visitors are coming to the U.S. and spending more.March 22, 2012By Jim Puzzanghera, Los Angeles Times Reporting from Washington—A record number of for… Read More »

Turning historic buildings into fine botels

Turning historic buildings into fine botels

March 28, 2012 Latest News

The number of hotel conversions of historic properties is rising in the U.S. as developers steer away from new constructions due to limited lending availability, this feature says. Despite the challenges inherent in modernizing older structures, thes… Read More »

Hotel rate increases in February set new record

Hotel rate increases in February set new record

March 28, 2012 Latest News

Data released by Pegasus Solutions show that hotel rates for leisure travelers jumped 7.3% in February against the same period last year, while rates for corporate travelers rose 7.1% in the same period. The figures beat previous records of a 6.4% ri… Read More »

New Orleans tourism zone proposed in bills before Louisiana Legislature

New Orleans tourism zone proposed in bills before Louisiana Legislature

March 26, 2012 Latest News

Comparison of Senate Bills 573 and 608Published: March 25, 2012By: Jaquetta White, Times PicayuneNew Orleans would receive a formal hospitality zone, governed by a board and funded, possibly, through taxes on hotels and food and beverage purveyors… Read More »

New Orleans tourism breaks record in 2011

New Orleans tourism breaks record in 2011

March 26, 2012 Latest News

"...corporate travelers said they extended their stay for pleasure for an extra two days..."March 26, 2012Michelle Krupa, Times PicayuneThe 8.75 million tourists who visited New Orleans last year spent a record-breaking $5.47 billion, Mayor Mitch Lan… Read More »

A look at Marriott International CEO Bill Marriott

A look at Marriott International CEO Bill Marriott

March 22, 2012 Latest News

Q & A with Bill Marriott...March 14, 2012, 2:03 a.m. CDTAPNAME: J.W. "Bill" Marriott Jr.AGE: 79. Born in Washington D.C. on March 25, 1932.EDUCATION: Prep school at St. Albans in Washington D.C.; University of Utah, B.S. in banking and finance, 1954… Read More »

PKF Projects Strong 2012

PKF Projects Strong 2012

March 21, 2012 Latest News

Unprecedented Six Years of Occupancy Growth,Outlook Positive Through 2016Stage Set For Increased Capital InvestmentMarch 20, 2012PKF ConsultingWith nearly two years of momentum behind it, the U.S. lodging industry’s fundamentals are projected t… Read More »

1 2 3