from the Orlando Sentinel (3/29):
Tourism: Outlook brightens for theme parks
By Jason Garcia and Sara K. Clarke, Orlando Sentinel
March 29, 2010
"The theme-park industry will see a modest rebound, according to a new forecast.
The market-research firm IBISWorld Inc. projects industry revenues will rise 1.7 percent in 2010, thanks to a combination of improving consumer sentiment, aggressive advertising and lower admission prices.
Overall theme-park revenue declined 8.6 percent in 2009 on a combination of falling attendance and reduced in-park spending, the Santa Monica, Calif.-based firm said." ...
for the complete story
Wednesday, March 31, 2010
Monday, March 22, 2010
CO ski resort visitation down
From the Denver Business Journal (3/12):
Colorado ski resorts push to improve visitor numbers
Denver Business Journal - by Ed Sealover
"The recession and a lack of snow early in the ski season have translated into flat or lower revenue for resorts and nearby businesses this season — even worse than the disappointing 2008-09 winter was for the $2.6 billion Colorado ski industry.
For example, there’s Vail Resorts Inc., which owns four Colorado ski resorts and one in California. It reported that skier visits through March 7 are up 0.4 percent from last year, and revenue from skiers is up 1.6 percent, driven by a 9 percent increase in season passes sold. But dining revenue is down 1.3 percent, and its lodging bookings are down 6 percent through the end of February." ...
for the complete story and data table
Colorado ski resorts push to improve visitor numbers
Denver Business Journal - by Ed Sealover
"The recession and a lack of snow early in the ski season have translated into flat or lower revenue for resorts and nearby businesses this season — even worse than the disappointing 2008-09 winter was for the $2.6 billion Colorado ski industry.
For example, there’s Vail Resorts Inc., which owns four Colorado ski resorts and one in California. It reported that skier visits through March 7 are up 0.4 percent from last year, and revenue from skiers is up 1.6 percent, driven by a 9 percent increase in season passes sold. But dining revenue is down 1.3 percent, and its lodging bookings are down 6 percent through the end of February." ...
for the complete story and data table
Wednesday, March 17, 2010
Restaurant figures -- same stores sales mostly down but sometimes up
From Nation's Restaurant News (3/16):
A look at industry same-store sales
By Mike Dempsey
"Nearly all public restaurant companies reported fourth-quarter same-store sales results this month, and winter storms and lingering economic pressures pushed most into negative territory. Some, mainly because of value messaging, moved in a positive direction.
For the fourth quarter, or the quarter ended closest to December for companies on a non-calendar fiscal year, quick-service chains on average posted a larger same-store sales decline than any other restaurant industry segment. Quick-service chains were hurt by rising unemployment as well as comparisons with a year earlier when sales trends for fast food were still stable. Casual-dining chains still struggled for customer traffic in the fourth quarter, but some same-store sales results did ease from a year ago. On average, pizza chains and coffee and snack brands were able to post positive same-store sales in this harsh environment, while the fast-casual segment, which is typically the fastest-growing segment, posted, on average, a same-store sales decline of 0.8 percent. That was mostly driven by a double-digit drop of 11.9 percent at Cosi." ....
for the complete story
A look at industry same-store sales
By Mike Dempsey
"Nearly all public restaurant companies reported fourth-quarter same-store sales results this month, and winter storms and lingering economic pressures pushed most into negative territory. Some, mainly because of value messaging, moved in a positive direction.
For the fourth quarter, or the quarter ended closest to December for companies on a non-calendar fiscal year, quick-service chains on average posted a larger same-store sales decline than any other restaurant industry segment. Quick-service chains were hurt by rising unemployment as well as comparisons with a year earlier when sales trends for fast food were still stable. Casual-dining chains still struggled for customer traffic in the fourth quarter, but some same-store sales results did ease from a year ago. On average, pizza chains and coffee and snack brands were able to post positive same-store sales in this harsh environment, while the fast-casual segment, which is typically the fastest-growing segment, posted, on average, a same-store sales decline of 0.8 percent. That was mostly driven by a double-digit drop of 11.9 percent at Cosi." ....
for the complete story
China's golf boom... continuing?
from Golf, Inc.'s blog (3/4):
China: Are you sure it can't happen here?
March 4, 2010
By Bob Vasilak
World Golf Report
"You probably already know plenty about the golf boom in China. I'm sure you've heard that golf courses are being built in the People's Republic at a dizzying, near-exponential pace that could easily result in the opening of 1,000 or more new tracks over the next two decades.
Such growth hardly seems possible, until you remind yourself that everything in China happens on a scale that would be unimaginable in a normal-sized country. If its golf participation continues to grow as it has over the past decade, China can easily accommodate another 1,000 golf courses, maybe even 10,000." ...
for the complete entry
China: Are you sure it can't happen here?
March 4, 2010
By Bob Vasilak
World Golf Report
"You probably already know plenty about the golf boom in China. I'm sure you've heard that golf courses are being built in the People's Republic at a dizzying, near-exponential pace that could easily result in the opening of 1,000 or more new tracks over the next two decades.
Such growth hardly seems possible, until you remind yourself that everything in China happens on a scale that would be unimaginable in a normal-sized country. If its golf participation continues to grow as it has over the past decade, China can easily accommodate another 1,000 golf courses, maybe even 10,000." ...
for the complete entry
Tuesday, March 16, 2010
China moves on the world's high speed rail market
from EIU's Gulliver's Travel newsletter (3/16):
First China, next the world
Mar 15th 2010, 16:15 by M.A. | BEIJING
"SCARCELY a week goes by without another glowing report about racy Chinese trains. China's plans to build a 16,000-mile high-speed-rail network have been generating a lot of attention of late, thanks in part to the fascination non-Chinese readers have with the speed of China's advances—a sentiment evident in comments on Gulliver's previous related posts. China is running the world's fastest commercial rail service, and is rapidly building its vastest network. Now, as if to further stoke the fires, comes news that the country's high-speed ambitions extend beyond its borders.
On Saturday officials said China would bid for high-speed rail contracts in America, in line with an agreement reached during Barack Obama's visit in November. More intriguingly, on Friday came confirmation that China had mooted a plan to construct a high-speed network spanning 17 countries." ...
for the complete entry
First China, next the world
Mar 15th 2010, 16:15 by M.A. | BEIJING
"SCARCELY a week goes by without another glowing report about racy Chinese trains. China's plans to build a 16,000-mile high-speed-rail network have been generating a lot of attention of late, thanks in part to the fascination non-Chinese readers have with the speed of China's advances—a sentiment evident in comments on Gulliver's previous related posts. China is running the world's fastest commercial rail service, and is rapidly building its vastest network. Now, as if to further stoke the fires, comes news that the country's high-speed ambitions extend beyond its borders.
On Saturday officials said China would bid for high-speed rail contracts in America, in line with an agreement reached during Barack Obama's visit in November. More intriguingly, on Friday came confirmation that China had mooted a plan to construct a high-speed network spanning 17 countries." ...
for the complete entry
Monday, March 1, 2010
Tokyo hotel occupancy continues to rise
from Hotels Asia Pulse (2/26):
Tokyo hotel occupancy rises in Jan as Asian tourists increase
Asia Pulse, February 26, 2010 Friday 6:54 PM EST
"The average guest room occupancy rate at major Tokyo hotels rose 9 percentage points on the year to 68.7 per cent in January thanks to an increase in guests from other Asian countries and robust online bookings by individuals. This marked the seventh straight month of year-on-year gains." ...
for the complete story
Tokyo hotel occupancy rises in Jan as Asian tourists increase
Asia Pulse, February 26, 2010 Friday 6:54 PM EST
"The average guest room occupancy rate at major Tokyo hotels rose 9 percentage points on the year to 68.7 per cent in January thanks to an increase in guests from other Asian countries and robust online bookings by individuals. This marked the seventh straight month of year-on-year gains." ...
for the complete story
Landmark London hotels may be taken over by the state
from the Irish Times (2/26):
Can Nama give hotels the five-star treatment?
by GRETCHEN FRIEMANN
"Up to 200 hotels are set to transfer to the State, many of which are very expensive to run..."
"THREE LANDMARK London hotels, the Berkeley, Claridges and the Connaught, which are owned by financier Derek Quinlan's Maybourne Hotel Group, may end up being controlled by the National Asset Management Agency (Nama) within the next few months as the transfer of an initial €16 billion in loans nears completion.
According to well-placed sources, the first tranche of properties earmarked for Nama will also include five prestigious Irish hotels: the Shelbourne, the K-Club, the Ritz-Carlton hotel in Wicklow, and the Radisson and G Hotel in Galway. All these high-profile establishments are linked to the top 10 developers whose multi-billion-euro portfolios will form the first wave of €80 billion in loans being moved into the State's asset recovery agency." ...
for the complete story
Can Nama give hotels the five-star treatment?
by GRETCHEN FRIEMANN
"Up to 200 hotels are set to transfer to the State, many of which are very expensive to run..."
"THREE LANDMARK London hotels, the Berkeley, Claridges and the Connaught, which are owned by financier Derek Quinlan's Maybourne Hotel Group, may end up being controlled by the National Asset Management Agency (Nama) within the next few months as the transfer of an initial €16 billion in loans nears completion.
According to well-placed sources, the first tranche of properties earmarked for Nama will also include five prestigious Irish hotels: the Shelbourne, the K-Club, the Ritz-Carlton hotel in Wicklow, and the Radisson and G Hotel in Galway. All these high-profile establishments are linked to the top 10 developers whose multi-billion-euro portfolios will form the first wave of €80 billion in loans being moved into the State's asset recovery agency." ...
for the complete story
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