Author Archives: admin

Unprecedented U.S. corp. defaults

By admin | Published: October 22, 2009

NEW YORK – U.S. corporate debt default rates are expected to hit “unprecedented” levels in 2009, even though the economy may be past the halfway mark of the U.S. recession, according to a forecast unveiled on Monday at the Reuters Restructuring Summit. “There is a lot of pain left — we are only just half way [...]

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Cornell University: Center for Hospitality Research

By admin | Published: October 16, 2009

Executive Summary: As an alternative, we identify the competitive set using cluster analysis based on hotels’ average daily rate (ADR). A cluster analysis of the ADR of 49 hotels in one urban tract in the U.S. found five competitive clusters, in which upscale properties were in some cases competing directly with economy hotels. This analysis indicates [...]

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AirTran July traffic falls 5.1 percent

By admin | Published: August 17, 2009

Passenger traffic, known as revenue passenger miles, dropped 5.1 percent to about 1.96 billion in July compared to July 2008. Capacity, or available seat miles, was down 4.1 percent. Load factor dipped 0.9 points to 88.3 percent. -Causes future RevPAR losses – JLD | Click here for story…

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InterContinental Hotels sees first-half profits crash 38%

By admin | Published: August 17, 2009

InterContinental Hotels, the world’s biggest hotelier, suffered a 38 per cent fall in first-half profits and moved to cut costs deeper as it expected tough trading to continue through 2009. The British group, which operates the InterContinental, Crowne Plaza and Holiday Inn brands, said forward booking data showed no further deterioration in demand, with July benefiting [...]

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Blackstone wrote down Hilton by 49 pct at end ‘08

By admin | Published: July 23, 2009

Hotel equity holding groups trading at 1/2 of 2007 values., both Blackstone and publicly traded Marriot hotels confirm – ed. “The hotel market has been hammered by the economic crisis as consumers and businesses have cut back on travel spending….

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