from the Philadelphia Inquirer (Nov 14, 2010)
The costs of charging admission
This is the second mall institution to make visitors pay. Will it deter families? Officials think not.
By Stephan Salisbury
"It might usher in an era of rich expansion.
Or it might set loose a Pandora's Box of problems.
The fact is, the opening of the expanded National Museum of American Jewish History on Independence Mall is helping to establish something to which Philadelphia will have to adjust: Admissions charges for major museums in the historic district." ...
"Already the National Constitution Center, which opened in 2003, squats on the northernmost block of Independence Mall. Adult visitors shell out $12 to get in; for special exhibitions, they must pay more - $20 for the recent "Ancient Rome and America," which closed Aug. 1.
The Jewish history museum, a block and a half south of the Constitution Center, is also charging a regular adult admission of $12." ...
For the complete story
Wednesday, November 17, 2010
Fed Quiz
The Boston branch of the Federal Reserve offers up economics quizes this time on the history of money. Give it a try -- It may not be a pub, but if you pretend to quaf something foamy and stagger a bit when you get out of your desk chair maybe you'll feel the ambiance --
The History of Money Quiz
The History of Money Quiz
STR announces Asia hotel pipeline highlights
from STR's Hotel News Now (Nov 17, 2010)
STR Global: Asia/Pacific pipeline for Oct. 2010
17 November 2010 8:54 AM
"LONDON—The Asia/Pacific hotel development pipeline comprises 1,084 hotels totalling 265,251 rooms, according to the October 2010 STR Global Construction Pipeline Report released this week.
Among the markets in the region, New Delhi, India, ended the month with 7,558 rooms in the total active pipeline, reporting the largest expected growth if all active rooms open. New Delhi’s existing room supply is 19,034 rooms."...
for the complete
story
STR Global: Asia/Pacific pipeline for Oct. 2010
17 November 2010 8:54 AM
"LONDON—The Asia/Pacific hotel development pipeline comprises 1,084 hotels totalling 265,251 rooms, according to the October 2010 STR Global Construction Pipeline Report released this week.
Among the markets in the region, New Delhi, India, ended the month with 7,558 rooms in the total active pipeline, reporting the largest expected growth if all active rooms open. New Delhi’s existing room supply is 19,034 rooms."...
for the complete
story
Energy Parks
from Site Selection (10/20)
How Energy Parks Can Energize
Economic Development
by SCOTT CARLBERG
Energy Parks are a smart and sustainable asset for areas with surplus industrial property. A Charlotte park under development is leading by example.
"Economic developers are well aware of the value of industrial parks. The same concept can be borrowed to address another important facet of economic development: The growing need for electricity, which could jump by a third by 2030 according to some studies.
The concept is ‘energy parks.’..."
for the full story
How Energy Parks Can Energize
Economic Development
by SCOTT CARLBERG
Energy Parks are a smart and sustainable asset for areas with surplus industrial property. A Charlotte park under development is leading by example.
"Economic developers are well aware of the value of industrial parks. The same concept can be borrowed to address another important facet of economic development: The growing need for electricity, which could jump by a third by 2030 according to some studies.
The concept is ‘energy parks.’..."
for the full story
Tuesday, July 6, 2010
AECOM and the L.A. Metro
from California Construction 6/30/2010
Skanska, AECOM Break Ground on Metro’s Foothill ExtensionJune 30, 2010
By Robert Carlsen
“Skanska USA Civil West and AECOM Technical Services were selected the design-build team on the first phase of the $810-million Metro Gold Line Foothill Extension project, which broke ground last weekend at a ceremony in Arcadia.” ….
For the complete article
Skanska, AECOM Break Ground on Metro’s Foothill ExtensionJune 30, 2010
By Robert Carlsen
“Skanska USA Civil West and AECOM Technical Services were selected the design-build team on the first phase of the $810-million Metro Gold Line Foothill Extension project, which broke ground last weekend at a ceremony in Arcadia.” ….
For the complete article
Wednesday, April 7, 2010
AR to get EDA grant to add to trail system
from today's Arkansas Business Journal (4/7):
EDA Announces $2.6 Million for Bridge Renovation, UAMS
By Arkansas Business Staff - 4/7/2010 10:31:00 AM
"U.S. Commerce Secretary Gary Locke today announced $2.6 million in U.S. Economic Development Administration (EDA) grants to boost competitiveness and create new jobs for Arkansas residents.
The investment includes $2 million to the city of Little Rock to convert the old Rock Island Railroad Bridge to a pedestrian and bicycle bridge.
The renovation will improve the potential for business expansion and development by connecting the city's major attractions, including the Clinton Presidential Center, Heifer International, the Verizon Center, Dickey-Stephens baseball stadium, the River Market commercial district, the Argenta Arts District, and farmers markets in downtown Little Rock and North Little Rock, according to a press release." ...
for the complete story
EDA Announces $2.6 Million for Bridge Renovation, UAMS
By Arkansas Business Staff - 4/7/2010 10:31:00 AM
"U.S. Commerce Secretary Gary Locke today announced $2.6 million in U.S. Economic Development Administration (EDA) grants to boost competitiveness and create new jobs for Arkansas residents.
The investment includes $2 million to the city of Little Rock to convert the old Rock Island Railroad Bridge to a pedestrian and bicycle bridge.
The renovation will improve the potential for business expansion and development by connecting the city's major attractions, including the Clinton Presidential Center, Heifer International, the Verizon Center, Dickey-Stephens baseball stadium, the River Market commercial district, the Argenta Arts District, and farmers markets in downtown Little Rock and North Little Rock, according to a press release." ...
for the complete story
Wednesday, March 31, 2010
Theme park industry to rise
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
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
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
Wednesday, February 24, 2010
PWC Global Entertainment and Media Outlook is here!
The 2009-2013 Global Entertainment and Media Outlook from PriceWaterhouseCoopers now exists as a link off its Buzz record.
The Outlook reviews international entertainment markets and their trends broken out by region (US, Asia, Latin America, Canada, Europe, Middle East, etc.). It has topical chapters covering such sectors as as the film industry, television, video games, and publishing.
The Outlook reviews international entertainment markets and their trends broken out by region (US, Asia, Latin America, Canada, Europe, Middle East, etc.). It has topical chapters covering such sectors as as the film industry, television, video games, and publishing.
Tuesday, February 16, 2010
Olympic host cities and the economic impact of the Games
Check out the latest issue of Planning (Feb) for an article on whether host cities win or lose from an Olympic Games. [The article includes a sidebar on Vancouver's emphasis on sustainabiliy in its development for the Games.]
Friday, February 12, 2010
Chicago theaters (stage) ticket sales on the rise, funding in decline
from today's Crain's Chicago Business (2/12):
Chicago theaters see philanthropic, state support decline even as ticket sales rebound
By: Monée Fields-White February 08, 2010
"Theater fans are buying more tickets, but corporations, foundations and the state of Illinois are spoiling the happy ending for Chicago's recession-racked theater industry.
Lookingglass Theatre Company just finished its most successful subscription season in its 22-year history. The Joffrey Ballet saw a 19% jump in ticket revenue in its most recent fiscal year. And the Goodman Theatre closed out its 2008-09 season with a 15% increase in single-ticket sales." ...
for the complete story
Chicago theaters see philanthropic, state support decline even as ticket sales rebound
By: Monée Fields-White February 08, 2010
"Theater fans are buying more tickets, but corporations, foundations and the state of Illinois are spoiling the happy ending for Chicago's recession-racked theater industry.
Lookingglass Theatre Company just finished its most successful subscription season in its 22-year history. The Joffrey Ballet saw a 19% jump in ticket revenue in its most recent fiscal year. And the Goodman Theatre closed out its 2008-09 season with a 15% increase in single-ticket sales." ...
for the complete story
Thursday, February 11, 2010
U.S. high-speed rail plans
from CNN (2/10)
High-speed rail: Skipping your town
By Steve Hargreaves, CNNMoney.com staff writerFebruary 10, 2010: 11:30 AM ET
"NEW YORK (CNNMoney.com) -- Most of the $8 billion in high-speed rail funds that President Obama awarded last month will not be used for high-speed projects, but rather to improvements designed to make existing lines faster.
Only $3.5 billion is being spent on truly high-speed rail, a sum that's not remotely close to what's needed to build a 21st century rail network. The money is going toward two projects -- one in California and the other in Florida -- that have yet to begin construction." ...
for the complete story
High-speed rail: Skipping your town
By Steve Hargreaves, CNNMoney.com staff writerFebruary 10, 2010: 11:30 AM ET
"NEW YORK (CNNMoney.com) -- Most of the $8 billion in high-speed rail funds that President Obama awarded last month will not be used for high-speed projects, but rather to improvements designed to make existing lines faster.
Only $3.5 billion is being spent on truly high-speed rail, a sum that's not remotely close to what's needed to build a 21st century rail network. The money is going toward two projects -- one in California and the other in Florida -- that have yet to begin construction." ...
for the complete story
Duabi to sell QE2
from USA Today (2/9)
Dubai selling off the Queen Elizabeth 2?
By Ben Rooney, staff reporterFebruary 9, 2010: 2:45 PM ET
"NEW YORK (CNNMoney.com) -- Dubai is reportedly preparing to sell a host of assets, including one of the world's best known cruise ships, as the emirate's investment arm looks to restructure a mountain of debt." ...
for the complete story
Dubai selling off the Queen Elizabeth 2?
By Ben Rooney, staff reporterFebruary 9, 2010: 2:45 PM ET
"NEW YORK (CNNMoney.com) -- Dubai is reportedly preparing to sell a host of assets, including one of the world's best known cruise ships, as the emirate's investment arm looks to restructure a mountain of debt." ...
for the complete story
Latin America hotel/resort development pipeline continues to decline
from today's Hotels (2/11):
Latin America Projects Off 34% From Peak
PRESS RELEASE -- Hotels, 2/11/2010 9:21:21 AM
"The Latin America Construction Pipeline declined for a seventh consecutive quarter in Q4 2009 to 453 projects/74,946 rooms, reaching a new low for the current development cycle. Total projects have declined 34% from the Q1 2008 peak, with rooms down 42%. The Caribbean and South America saw the largest drop-offs from the peak." ....
for the compelte release
Latin America Projects Off 34% From Peak
PRESS RELEASE -- Hotels, 2/11/2010 9:21:21 AM
"The Latin America Construction Pipeline declined for a seventh consecutive quarter in Q4 2009 to 453 projects/74,946 rooms, reaching a new low for the current development cycle. Total projects have declined 34% from the Q1 2008 peak, with rooms down 42%. The Caribbean and South America saw the largest drop-offs from the peak." ....
for the compelte release
Singapore expects big things from its new resorts
from today's Hotels (2/11):
Singapore Tourism Emerges With Integrated Resorts
More socially liberal government paves the way for casino-resort projects and a new economic sector.
Jeff Weinstein, Editor in Chief -- Hotels, 2/11/2010 8:23:00 AM
"SINGAPORE — Singapore has been missing that "certain something" as a tourist destination. Now, finally, it may have the answer in two integrated casino-resorts-the recently opened US$4.4 billion Resorts World Sentosa (RWS) from Malaysian gaming giant Genting Group and the US$5.5 billion Marina Bay Sands (MBS) now slated for a late-April opening.
The Sands project reportedly was nearing default late last year, but Las Vegas Sands Corp. raised US$2.1 billion in a bond sale to complete the project.
The two resorts-with government regulations allotting less than 5% of their space for gaming-reflects an attempt to diversify Singapore's tourism base to compete more effectively with neighboring countries. But whether or not Singapore can compete with Macau or become the Las Vegas of Southeast Asia might depend on how consumers react to the expected imposition of restrictions in the form of a S$2,000 (US$1,440) annual fee or S$100 entry fee, as well as stringent rules for traditional gambling junkets to deter money laundering.
However, the two resorts are expected to contribute about 1% to 2% of Singapore's gross domestic product, help the country achieve visitor arrival goals of 17 million by 2015 (10 million in 2008) and eventually add 35,000 jobs to the economy. The government hopes to boost tourism earning to S$30 billion (US$21.5 billion) by 2015-tripling current figures." ...
for the complete story
Singapore Tourism Emerges With Integrated Resorts
More socially liberal government paves the way for casino-resort projects and a new economic sector.
Jeff Weinstein, Editor in Chief -- Hotels, 2/11/2010 8:23:00 AM
"SINGAPORE — Singapore has been missing that "certain something" as a tourist destination. Now, finally, it may have the answer in two integrated casino-resorts-the recently opened US$4.4 billion Resorts World Sentosa (RWS) from Malaysian gaming giant Genting Group and the US$5.5 billion Marina Bay Sands (MBS) now slated for a late-April opening.
The Sands project reportedly was nearing default late last year, but Las Vegas Sands Corp. raised US$2.1 billion in a bond sale to complete the project.
The two resorts-with government regulations allotting less than 5% of their space for gaming-reflects an attempt to diversify Singapore's tourism base to compete more effectively with neighboring countries. But whether or not Singapore can compete with Macau or become the Las Vegas of Southeast Asia might depend on how consumers react to the expected imposition of restrictions in the form of a S$2,000 (US$1,440) annual fee or S$100 entry fee, as well as stringent rules for traditional gambling junkets to deter money laundering.
However, the two resorts are expected to contribute about 1% to 2% of Singapore's gross domestic product, help the country achieve visitor arrival goals of 17 million by 2015 (10 million in 2008) and eventually add 35,000 jobs to the economy. The government hopes to boost tourism earning to S$30 billion (US$21.5 billion) by 2015-tripling current figures." ...
for the complete story
DC hotels hit hard by storm
from today's Washington Post (2/11):
In snowstorm, Washington hotels lose revenue but locals fill rooms
By Thomas Heath
Washington Post Staff Writer
Thursday, February 11, 2010; A22
"The two blizzards over the past week brought huge numbers of hotel cancellations from would-be travelers to the Washington region, reducing occupancy and hotel revenue.
While the effects are hard to quantify so far, a chunk of the losses has been offset by locals who needed a hotel room, whether it was someone who had no electricity at home, a snowplow driver who needed to be near his vehicle or a ballerina performing at the Kennedy Center.
"There has been a definite loss in revenue due to the snowstorms," said Ed Virtue, general manager of the Hotel Monaco in downtown Washington, one of seven District hotels owned by San Francisco-based Kimpton Hotels and Restaurants.
Virtue said that while the storm last weekend boosted occupancy, Wednesday's blizzard caused many cancellations by groups who wanted to steer clear of the region." ...
for the complete story
In snowstorm, Washington hotels lose revenue but locals fill rooms
By Thomas Heath
Washington Post Staff Writer
Thursday, February 11, 2010; A22
"The two blizzards over the past week brought huge numbers of hotel cancellations from would-be travelers to the Washington region, reducing occupancy and hotel revenue.
While the effects are hard to quantify so far, a chunk of the losses has been offset by locals who needed a hotel room, whether it was someone who had no electricity at home, a snowplow driver who needed to be near his vehicle or a ballerina performing at the Kennedy Center.
"There has been a definite loss in revenue due to the snowstorms," said Ed Virtue, general manager of the Hotel Monaco in downtown Washington, one of seven District hotels owned by San Francisco-based Kimpton Hotels and Restaurants.
Virtue said that while the storm last weekend boosted occupancy, Wednesday's blizzard caused many cancellations by groups who wanted to steer clear of the region." ...
for the complete story
Calgary national sports museum gets funding
from today's Calgary Sun (2/11):
National sports museum gets federal grant
By BILL KAUFMANN, Calgary Sun
Last Updated: 11th February 2010, 8:51am
"Ottawa’s tossed a $15 million strike to ensure the building in Calgary of Canada’s Sports Hall of Fame.
Standing in front of heavy equipment that will almost immediately begin construction of the 40,000 sq.-ft. museum in the northwest corner of Canada Olympic Park, Environment Minister Jim Prentice said facility serve as a powerful symbol for aspiring athletes.
“This will be a very unique venue for sports fans of all ages and it’ll inspire our children to reach their dreams and someday find themselves in the sports hall of fame,” said Prentice.
The federal money matches the $10 million donated by the province and $5 million offered by the city to fund construction of the futuristic, tilted cube-shaped hall that’ll celebrate a wide variety of Canadian sporting achievement.
The highly-interactive centre is to open its doors in June, 2011." ...
for the complete story
National sports museum gets federal grant
By BILL KAUFMANN, Calgary Sun
Last Updated: 11th February 2010, 8:51am
"Ottawa’s tossed a $15 million strike to ensure the building in Calgary of Canada’s Sports Hall of Fame.
Standing in front of heavy equipment that will almost immediately begin construction of the 40,000 sq.-ft. museum in the northwest corner of Canada Olympic Park, Environment Minister Jim Prentice said facility serve as a powerful symbol for aspiring athletes.
“This will be a very unique venue for sports fans of all ages and it’ll inspire our children to reach their dreams and someday find themselves in the sports hall of fame,” said Prentice.
The federal money matches the $10 million donated by the province and $5 million offered by the city to fund construction of the futuristic, tilted cube-shaped hall that’ll celebrate a wide variety of Canadian sporting achievement.
The highly-interactive centre is to open its doors in June, 2011." ...
for the complete story
Thursday, February 4, 2010
Squabbles continue over Sacramento arena
from today's Sacramento Bee (2/4):
Natomas group wants new arena at Arco site
Published Thursday, Feb. 04, 2010
by Tony Bizjak
"Why move the arena at all?
That's the question swelling in Natomas amid all the talk about erecting an arena for the Kings in Sacramento's downtown railyard as the catalyst for a new urban center.
For 20 years, Arco Arena has loomed large on the Natomas landscape – bringing in Kings fans, concertgoers and their spending dollars – and Natomas business leaders have no intention of letting that asset go without a fight." ....
for the complete story
Natomas group wants new arena at Arco site
Published Thursday, Feb. 04, 2010
by Tony Bizjak
"Why move the arena at all?
That's the question swelling in Natomas amid all the talk about erecting an arena for the Kings in Sacramento's downtown railyard as the catalyst for a new urban center.
For 20 years, Arco Arena has loomed large on the Natomas landscape – bringing in Kings fans, concertgoers and their spending dollars – and Natomas business leaders have no intention of letting that asset go without a fight." ....
for the complete story
Friday, January 22, 2010
Cubs keep Spring Training in Mesa
From today's Crain's Chicago Business Journal Ed Sherman's Blog --
Cubs to stay in Mesa
Posted by Ed S. at 1/22/2010 6:25 AM CST on Chicago Business
"The Cubs should thank Naples, Fla., for helping them get what they wanted all along: A posh spring training facility in Arizona.
The Cubs soon will sign a 25-year lease for a new $84-million facility in East Mesa. All that is pending is approval from the Mesa City Council on Monday." ...
for the rest of the blog update
Cubs to stay in Mesa
Posted by Ed S. at 1/22/2010 6:25 AM CST on Chicago Business
"The Cubs should thank Naples, Fla., for helping them get what they wanted all along: A posh spring training facility in Arizona.
The Cubs soon will sign a 25-year lease for a new $84-million facility in East Mesa. All that is pending is approval from the Mesa City Council on Monday." ...
for the rest of the blog update
Wednesday, January 13, 2010
Assn of Children's Museums
The 2008 (released in 2009) Association of Children's Museums Metrics reports are in! They include volumes on:
Staffing
Museum Profiles
Finances and Government Relations
Exhibits, Programs, and Publications
Building and Facilities
Attendance and Memberships
Staffing
Museum Profiles
Finances and Government Relations
Exhibits, Programs, and Publications
Building and Facilities
Attendance and Memberships
Tuesday, December 8, 2009
British travel to Dubai on the rise
from Hotel News Now newswire (12/8):
British travelers cash in as Dubai rates plummet
08 December 2009 7:36 AM
HNN Newswire
"British travellers are making the most of cut price hotel rooms in Dubai according to new figures from Hotels.com.
Searches for hotels in Dubai have risen by 570% since Dubai World's announcement sparked a financial crisis in the Emirate, it is revealed.
In the first half of 2009, the average price of a five star hotel room in the city was £174 per night.* However, for January 2010 a five star hotel room will cost on average just £144 a night, a drop of 17% and adding up to a saving of £210 for a week-long stay." ...
for the complete story
British travelers cash in as Dubai rates plummet
08 December 2009 7:36 AM
HNN Newswire
"British travellers are making the most of cut price hotel rooms in Dubai according to new figures from Hotels.com.
Searches for hotels in Dubai have risen by 570% since Dubai World's announcement sparked a financial crisis in the Emirate, it is revealed.
In the first half of 2009, the average price of a five star hotel room in the city was £174 per night.* However, for January 2010 a five star hotel room will cost on average just £144 a night, a drop of 17% and adding up to a saving of £210 for a week-long stay." ...
for the complete story
Canadian Museum of Human Rights progress
from the Toronto Star (12/7):
Museum action concentrated in Manitoba capital
December 07, 2009
Martin Knelman
"A recent visit to Washington reminded me of the stupendous array of national museums the United States has assembled in its capital. By comparison with many countries, including Britain, France, Italy, Spain and even China, Canada's showing in the field of museum-building has been modest, to put it mildly.
In fact we have not created a new national museum since 1967. And hopes have been dashed that we are going to have our long overdue National Portrait Gallery any time soon.
That's one reason that a strong buzz of engagement is building across this country over the Canadian Museum of Human Rights – even in Toronto." ...
for the complete story
Museum action concentrated in Manitoba capital
December 07, 2009
Martin Knelman
"A recent visit to Washington reminded me of the stupendous array of national museums the United States has assembled in its capital. By comparison with many countries, including Britain, France, Italy, Spain and even China, Canada's showing in the field of museum-building has been modest, to put it mildly.
In fact we have not created a new national museum since 1967. And hopes have been dashed that we are going to have our long overdue National Portrait Gallery any time soon.
That's one reason that a strong buzz of engagement is building across this country over the Canadian Museum of Human Rights – even in Toronto." ...
for the complete story
Canadian housing starts rising
from RBC Economics Research -- Daily Economic Upcate (12/8)
Canadian housing starts maintain uptrend
"Canadian housing starts continued to rise in November, but by a smaller-than-expected 0.7% to an annualized 158,500 units. Expectations had been for starts to rise to 160,000. However, the increase does extend a general upward trend in this indicator from a recent trough in April of 118,500 as builders respond to falling inventories of unsold homes and consumers take advantage of low mortgage rates." ...
for the complete story
Canadian housing starts maintain uptrend
"Canadian housing starts continued to rise in November, but by a smaller-than-expected 0.7% to an annualized 158,500 units. Expectations had been for starts to rise to 160,000. However, the increase does extend a general upward trend in this indicator from a recent trough in April of 118,500 as builders respond to falling inventories of unsold homes and consumers take advantage of low mortgage rates." ...
for the complete story
Thursday, December 3, 2009
Hotel project decline in Europe, Middle East, and Africa
from Hotels news service (12/3):
EMEA Pipeline Off 21% Since Peak
Hotels, 12/3/2009 8:51:00 AM
"The total EMEA Pipeline continued its decline in Q3 2009, down to 1,396 projects/305,170 rooms. Project counts have fallen 21% from the Q2 2008 peak, and room counts by 18%." ...
for the complete story
EMEA Pipeline Off 21% Since Peak
Hotels, 12/3/2009 8:51:00 AM
"The total EMEA Pipeline continued its decline in Q3 2009, down to 1,396 projects/305,170 rooms. Project counts have fallen 21% from the Q2 2008 peak, and room counts by 18%." ...
for the complete story
Multifaily sector improving
from BNi Building News 12/3:
Multifamily Construction Activity Shows Improvement in Third Quarter
"Like other sectors of the housing market, the multifamily sector showed signs of improvement in the third quarter of 2009, according to data released today by the National Association of Home Builders (NAHB), in its Multifamily Market Index." ...
for the complete story
Multifamily Construction Activity Shows Improvement in Third Quarter
"Like other sectors of the housing market, the multifamily sector showed signs of improvement in the third quarter of 2009, according to data released today by the National Association of Home Builders (NAHB), in its Multifamily Market Index." ...
for the complete story
Tuesday, November 24, 2009
Thanksgiving humor
Honest to pete article from La Revue de Medecine Interne found while researching theme park accidents:
"Le Syndrome de Mickey"
"Le Syndrome de Mickey"
Monday, November 23, 2009
PWC ULI Emerging Trends in Real Estate 2010 is in !!!!!!
Don't all scream at once.
Photo forthcoming....
Photo forthcoming....
Friday, November 13, 2009
Texas dominates Milken's Best-performing Cities 2009
Milken has released the 2009 Best-performing Cities report. Possibly you can hear Texas crowing.
Texas MSAs took 9 of the top 25 spots, and only Salt Lake City kept Texas from sweeping the top 5 spots. Climbing from #4 in 2008 to #1 this year with Austin-Round Rock.
Special kudos go to Corpus Christi who went from 88th place on the Milken list in 2008 to 16th place this year.
For more info o nthe report, contact Ruth.
Texas MSAs took 9 of the top 25 spots, and only Salt Lake City kept Texas from sweeping the top 5 spots. Climbing from #4 in 2008 to #1 this year with Austin-Round Rock.
Special kudos go to Corpus Christi who went from 88th place on the Milken list in 2008 to 16th place this year.
For more info o nthe report, contact Ruth.
Friday, October 30, 2009
Euromonitor on Staycations
From Euromonitor International (10/23):
North American staycationers
Author: Countries and Consumers
Date published: 23 Oct 2009
"The USA is the home of the “staycation,” a word that emerged mid-decade and exploded into popular use in 2007. Its appearance in the 2009 edition of the Merriam-Webster dictionary shows it's a trend with staying power and, according to the publisher, it's an example of a word meeting a need and establishing itself in the language very quickly. But its meaning has already started to morph to mean anything from holidaying at home, or nearby, to vacationing in-country rather than abroad." ....
to read more of the brief
North American staycationers
Author: Countries and Consumers
Date published: 23 Oct 2009
"The USA is the home of the “staycation,” a word that emerged mid-decade and exploded into popular use in 2007. Its appearance in the 2009 edition of the Merriam-Webster dictionary shows it's a trend with staying power and, according to the publisher, it's an example of a word meeting a need and establishing itself in the language very quickly. But its meaning has already started to morph to mean anything from holidaying at home, or nearby, to vacationing in-country rather than abroad." ....
to read more of the brief
Tuesday, September 29, 2009
U.S. NPS reports year-to-date usage increase
from today's NSGA Research Newsletter (9/29):
NPS Visits Up Year-to-Date
"In spite of a slight decline in September, the National Park System (NPS) reported year-to-date recreation visits had increased 3.4% January-September 2009." ....
for more info, contact Ruth
NPS Visits Up Year-to-Date
"In spite of a slight decline in September, the National Park System (NPS) reported year-to-date recreation visits had increased 3.4% January-September 2009." ....
for more info, contact Ruth
Outdoor sports and activities participation
from today's NSGA Research Newsletter (9/29):
Growth in Nature Based Outdoor Activities and Continued Declines in Youth Outdoor Participation
"In 2008, American participation in outdoor recreation was marked by encouraging growth in important segments of core outdoor activities as well as continuing, though less dramatic, declines in youth participation, according to a new report, the 2009 Outdoor Recreation Participation Report..."
For the report, contact Ruth.
Growth in Nature Based Outdoor Activities and Continued Declines in Youth Outdoor Participation
"In 2008, American participation in outdoor recreation was marked by encouraging growth in important segments of core outdoor activities as well as continuing, though less dramatic, declines in youth participation, according to a new report, the 2009 Outdoor Recreation Participation Report..."
For the report, contact Ruth.
San Diego apartment market improving
from today's San Diego Business Journal (9/29):
9/28/2009
Apartment Market Cruises at Top of Commercial Space
REAL ESTATE: Increasing Office, Industrial Vacancies Attributed to Downsizing
"While the office and industrial markets both saw increases in vacancies, one commercial real estate sector, apartments, showed improvement, according to MarketPointe Realty Advisors.
The vacancy rate for multifamily buildings averaged 4.4 percent in September, down from 5.3 percent in March, MarketPointe reported. The company releases biannual reports in September and March." ...
for the complete story
9/28/2009
Apartment Market Cruises at Top of Commercial Space
REAL ESTATE: Increasing Office, Industrial Vacancies Attributed to Downsizing
"While the office and industrial markets both saw increases in vacancies, one commercial real estate sector, apartments, showed improvement, according to MarketPointe Realty Advisors.
The vacancy rate for multifamily buildings averaged 4.4 percent in September, down from 5.3 percent in March, MarketPointe reported. The company releases biannual reports in September and March." ...
for the complete story
Las Vegas convention delays cause convention losses
from today's Tradeshow Week (9/29):
BIO Intl. Changes Places in 2012
-- Tradeshow Week, 9/29/2009 11:33:00 AM
"The Biotechnology Industry Organization has announced BIO Intl. will take place in Boston in 2012, rather than in Las Vegas as originally planned. According to BIO officials, the biotech show was counting on meeting space that would have been completed at the Las Vegas Convention Center by then." ....
for the complete story
BIO Intl. Changes Places in 2012
-- Tradeshow Week, 9/29/2009 11:33:00 AM
"The Biotechnology Industry Organization has announced BIO Intl. will take place in Boston in 2012, rather than in Las Vegas as originally planned. According to BIO officials, the biotech show was counting on meeting space that would have been completed at the Las Vegas Convention Center by then." ....
for the complete story
Friday, September 25, 2009
Sacramento Railyards project
from today's Sacramento Bee (9/25)
Sacramento railyard is 'shining light' for struggling developer Thomas
by Tony Bizjak and Dale Kasler
Published: Friday, Sep. 25, 2009 - 12:00 am | Page 1B
"Georgia developer Stan Thomas was billed as the man who would revive Sacramento's dormant downtown railyard.
It turns out the railyard may help revive Thomas instead.
The massive redevelopment is his company's "shining light," Thomas said this week, in a humbling year marked by recession, lawsuits, layoffs and stalled projects. "We're excited to have a project that is active and doing something vs. the projects that we've had to put on hold and wait until the world turns."
Until recently, his prospects in Sacramento seemed dim, too." ...
for the complete story
Sacramento railyard is 'shining light' for struggling developer Thomas
by Tony Bizjak and Dale Kasler
Published: Friday, Sep. 25, 2009 - 12:00 am | Page 1B
"Georgia developer Stan Thomas was billed as the man who would revive Sacramento's dormant downtown railyard.
It turns out the railyard may help revive Thomas instead.
The massive redevelopment is his company's "shining light," Thomas said this week, in a humbling year marked by recession, lawsuits, layoffs and stalled projects. "We're excited to have a project that is active and doing something vs. the projects that we've had to put on hold and wait until the world turns."
Until recently, his prospects in Sacramento seemed dim, too." ...
for the complete story
San Diego economic index rising for 5th month
from today's San Diego Business Journal (9/25):
Local Economy Yields Positive Trends
By MIKE ALLEN - 9/24/2009
"San Diego’s economy is trending positive, registering a fifth consecutive rise in a monthly economic index compiled by the Burnham-Moores Center for Real Estate at the University of San Diego.
For August the index rose 0.6 percent, the largest monthly rise since March 2004, propelled by a sharp increase in local consumer confidence, according to a report released Sept. 24." ...
for the complete story
Local Economy Yields Positive Trends
By MIKE ALLEN - 9/24/2009
"San Diego’s economy is trending positive, registering a fifth consecutive rise in a monthly economic index compiled by the Burnham-Moores Center for Real Estate at the University of San Diego.
For August the index rose 0.6 percent, the largest monthly rise since March 2004, propelled by a sharp increase in local consumer confidence, according to a report released Sept. 24." ...
for the complete story
Macau gaming on the rise again
from the Las Vegas Review-Journal (9/24)
Macau Heats Up
Two Las Vegas companies plan IPOs, analyst sees better times ahead
By HOWARD STUTZ
LAS VEGAS REVIEW-JOURNAL
"Macau has once again become the gaming industry's hot ticket.
With two casino operators planning initial public offerings on the Hong Kong Stock Exchange and economic signs becoming positive, JP Morgan gaming analyst Joe Greff said Macau could be the catalyst for a prolonged upswing in the share prices of Las Vegas Sands Corp. and MGM Mirage." ....
for the complete story
Macau Heats Up
Two Las Vegas companies plan IPOs, analyst sees better times ahead
By HOWARD STUTZ
LAS VEGAS REVIEW-JOURNAL
"Macau has once again become the gaming industry's hot ticket.
With two casino operators planning initial public offerings on the Hong Kong Stock Exchange and economic signs becoming positive, JP Morgan gaming analyst Joe Greff said Macau could be the catalyst for a prolonged upswing in the share prices of Las Vegas Sands Corp. and MGM Mirage." ....
for the complete story
Wednesday, September 23, 2009
The 30s
Hi from the ERA-L.A. 30-ish Year Club
That's Ray, Steve, Suzin, Austin, and Gene celebrating Suzin's 30th anniversary with ERA.
P.S. Suzin would like you to keep in mind she started working here when she was 8.
That's Ray, Steve, Suzin, Austin, and Gene celebrating Suzin's 30th anniversary with ERA.
P.S. Suzin would like you to keep in mind she started working here when she was 8.
Saturday, September 19, 2009
Thursday, July 16, 2009
Liberia's new luxury resort
from USA Today 7/15/2009
Americans lend a hand to new Liberia
By Christina Holder, Special for USA TODAY
"MONROVIA, Liberia — After 14 years of civil war, Liberia was known for its blighted buildings, bullet-sprayed roads and child soldiers who wear wigs to dress up for battle.
Since a peace accord was signed nearly six years ago, American investors such as Black Entertainment Television founder Robert Johnson have started trying to help change the ruinous image of this small nation that has historic ties to the United States." ...
"...he opened a four-star, $8 million resort last month on the outskirts of the capital of Monrovia, saying he wanted to help awaken business." ...
for the complete story
Americans lend a hand to new Liberia
By Christina Holder, Special for USA TODAY
"MONROVIA, Liberia — After 14 years of civil war, Liberia was known for its blighted buildings, bullet-sprayed roads and child soldiers who wear wigs to dress up for battle.
Since a peace accord was signed nearly six years ago, American investors such as Black Entertainment Television founder Robert Johnson have started trying to help change the ruinous image of this small nation that has historic ties to the United States." ...
"...he opened a four-star, $8 million resort last month on the outskirts of the capital of Monrovia, saying he wanted to help awaken business." ...
for the complete story
Osaka to get Paramount Park
from today's HNN (7/16/2009)
Investment firm unveils Paramount Resort Osaka plan
Japan Economic Newswire, July 16, 2009 Thursday 6:52 AM GMT
"An Osaka-based investment firm said Thursday it will cooperate with an affiliate of U.S. movie company Paramount Pictures Corp. to develop a theme park named Paramount Resort Osaka in Suita, Osaka Prefecture." ...
for the complete story
Investment firm unveils Paramount Resort Osaka plan
Japan Economic Newswire, July 16, 2009 Thursday 6:52 AM GMT
"An Osaka-based investment firm said Thursday it will cooperate with an affiliate of U.S. movie company Paramount Pictures Corp. to develop a theme park named Paramount Resort Osaka in Suita, Osaka Prefecture." ...
for the complete story
Monday, June 8, 2009
MGM Mirage moving to Taiwan for casino development
from today's Hotel Newswire (6/8):
MGM Mirage in talks to develop a casino in TaiwanChina Knowledge Newswire, June 8, 2009 Monday
"MGM Mirage, the second-largest casino operator in the world, is in negations with three investor groups to develop a casino in Taiwan to enhance its presence in the fast-growing Asian market, said Lloyd Nathan, president of the company's global gaming development..."
for the complete story
MGM Mirage in talks to develop a casino in TaiwanChina Knowledge Newswire, June 8, 2009 Monday
"MGM Mirage, the second-largest casino operator in the world, is in negations with three investor groups to develop a casino in Taiwan to enhance its presence in the fast-growing Asian market, said Lloyd Nathan, president of the company's global gaming development..."
for the complete story
Sunday, June 7, 2009
Wednesday, June 3, 2009
Sacramento Railyards project abandoning depot
from today's Sacramento Bee (6/3):
Sacramento's historic train depot not moving
Published Wednesday, Jun. 03, 2009
"The historic I Street train depot is staying put.
After staff testified the city could lose hundreds of millions of dollars in federal support if the building is moved, the Sacramento City Council on Tuesday night decided not to jack the mammoth structure up and roll it 300 feet north in the railyards." ...
for the complete story
Sacramento's historic train depot not moving
Published Wednesday, Jun. 03, 2009
"The historic I Street train depot is staying put.
After staff testified the city could lose hundreds of millions of dollars in federal support if the building is moved, the Sacramento City Council on Tuesday night decided not to jack the mammoth structure up and roll it 300 feet north in the railyards." ...
for the complete story
Tuesday, May 26, 2009
Macao statistics
Macao has just released several million forms of visitor statistics in Excel for April 2009. Ok, so maybe it's several dozen, but let's just say it's a lot, shall we?
For the excel tables, contact Ruth.
For the excel tables, contact Ruth.
Ski areas see revenue increase
from today's National Sporting Goods Assn newsletter (5/26):
Ski Areas Report Increased Revenues for the 2007/08 Season
"With increased revenues in all major sales areas, the U.S. ski area financial results for the 2007/08 season improved over a strong 2006/07 season. According to the 2007/08 Economic Analysis of U.S. Ski Areas produced for the National Ski Areas Association (NSAA), overall average resort revenue grew 11.4% to $26.0 million per resort.
Life tickets remain the primary driver of ski area revenue. The average resort reported life ticket sales of $12.1 million in revenue in 2007/08, up 11.3% nationally. The average proportion of total revenue derived from lift ticket sales was 46.5% industry-wide, flat from the previous year."...
for complete news, contact Ruth
Ski Areas Report Increased Revenues for the 2007/08 Season
"With increased revenues in all major sales areas, the U.S. ski area financial results for the 2007/08 season improved over a strong 2006/07 season. According to the 2007/08 Economic Analysis of U.S. Ski Areas produced for the National Ski Areas Association (NSAA), overall average resort revenue grew 11.4% to $26.0 million per resort.
Life tickets remain the primary driver of ski area revenue. The average resort reported life ticket sales of $12.1 million in revenue in 2007/08, up 11.3% nationally. The average proportion of total revenue derived from lift ticket sales was 46.5% industry-wide, flat from the previous year."...
for complete news, contact Ruth
Hotels hosting concerts
from today's Atlanta Journal Constitution (5/26):
Hotels to host concerts, with guests the goal
By Leon Stafford
The Atlanta Journal-Constitution
Tuesday, May 26, 2009
"Sometimes everything old is new again in the hotel business.
Hotels, which were the social gathering places in decades past with big dances and glitzy, Hollywood-style receptions, are attempting to resurrect those good times by bringing in music acts — some known, others on the cusp of stardom — to draw big crowds." ...
"The W Hotel Midtown, the Four Seasons Atlanta, Hotel Palomar and other lodgers have gotten into the game as metro Atlantans begin to look for entertainment options this summer. The concerts are usually free or have a nominal fee." ...
for the complete story
Hotels to host concerts, with guests the goal
By Leon Stafford
The Atlanta Journal-Constitution
Tuesday, May 26, 2009
"Sometimes everything old is new again in the hotel business.
Hotels, which were the social gathering places in decades past with big dances and glitzy, Hollywood-style receptions, are attempting to resurrect those good times by bringing in music acts — some known, others on the cusp of stardom — to draw big crowds." ...
"The W Hotel Midtown, the Four Seasons Atlanta, Hotel Palomar and other lodgers have gotten into the game as metro Atlantans begin to look for entertainment options this summer. The concerts are usually free or have a nominal fee." ...
for the complete story
Middle East needs hotels
from Gulf News (5/25):
Hotel occupancy to bounce back
05/25/2009 06:24 PM | By Nadia Saleem, Staff Reporter
"Dubai: Though the Gulf region is seeing a total of 306 new hotels under construction at a value of over $140 billion (Dh514 billion), more will be needed by 2013 to satisfy the expected demand, a study says.
Proleads, a research house for the leisure industry yesterday revealed a report at The Hotel Show, a hospitality services trade show that stated occupancy rates will return to previous levels by 2010, followed by significant growth by 2013." ...
for the complete story
For information on the Proleads report and how to order it
Hotel occupancy to bounce back
05/25/2009 06:24 PM | By Nadia Saleem, Staff Reporter
"Dubai: Though the Gulf region is seeing a total of 306 new hotels under construction at a value of over $140 billion (Dh514 billion), more will be needed by 2013 to satisfy the expected demand, a study says.
Proleads, a research house for the leisure industry yesterday revealed a report at The Hotel Show, a hospitality services trade show that stated occupancy rates will return to previous levels by 2010, followed by significant growth by 2013." ...
for the complete story
For information on the Proleads report and how to order it
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