Business & Finance

Kiwi Collection Welcomes Erik Wachtmeister to Advisory Board

JANUARY 18, 2008. The newest addition to the esteemed Kiwi Collection Advisory Board is Erik Wachtmeister, Chairman and Founder of aSmallWorld.net - the increasingly popular private online community that allows members to network more effectively with like-minded individuals. Wachtmeister joins the ranks of other prominent Kiwi Collection Advisory Board members, including Gamal Aziz (MGM Grand Hospitality), Sonu Shivdasani (Six Senses Group) and Matthew Upchurch (Virtuoso) to name a few. Kiwi Collection, a Web-based luxury travel resource (www.kiwicollection.com), is where discerning travelers go to find the world's best accommodations and insider travel advice.

"The Kiwi Collection welcomes Erik Wachtmeister to our Advisory Board with open arms," said Philippe Kjellgren, President of Kiwi Collection, Inc. and Mary Gostelow, Editor-in-Chief of WOW Travel. "His networking vision has garnered an impressive community of individuals who are keyed in to the best in world travel and who have their finger on the pulse of the next best destinations. We look forward to gaining insight with their membership base - and Erik's own travel expertise."

An invitation-only online community, aSmallWorld.net was created in 2004 by Wachtmeister and his wife Louise in order to establish a forum for wealthy individuals to share trusted opinions and information. Frequently described as "myspace for millionaires," the site offers travel suggestions, feedback, lively forum discussions, listings of events around the world, a personal messaging service, suggestions and user ratings for travel and restaurants, and city-based resources. Prior to establishing aSmallWorld, Wachtmeister founded Viking Internet, a UK-listed investment vehicle and served as the Web site's CEO after holding senior corporate finance positions with Ladenburg, Thalmann in New York and Los Angeles, Rothschild in New York, and Lehman Brothers in London and New York. He received his MBA from INSEAD in 1983, and his BS in Foreign Service from Georgetown University in 1977.

Coming Up In The March Online Hotel Business Review


Feature Focus
Human Resources: Strategies to Find and Keep the Best Employees
The hotel industry is notoriously rife with employee issues and human resource professionals are typically charged with the task of solving them. These issues can often seem daunting, given the myriad of problems HR departments encounter every day. Increasingly, issues such as workplace violence, workplace safety, workforce diversity, drug and alcohol abuse, labor shortages, inter-departmental conflicts, and compliance with all legal, employment and government regulations have become more prevalent in recent years. However, according to a recent survey, the biggest challenges human resource professionals face involves recruiting, training, retaining and rewarding employees. More than one-half (59%) of HR professionals believe that recruiting, training and rewarding their best employees, and developing the next generation of corporate leaders, will be their greatest challenges. About one-third (34%) predict the challenges will be creating a corporate culture that attracts the best employees, and finding people with the specialized skills the organization requires. Of course, all of these efforts are part of a strategy to reduce employee turnover - an issue that continues to plague the industry. An average hotel spends 33 percent of its revenues on labor costs, but employee turnover in the industry can be as high as 31 percent. A high rate of turnover dramatically disrupts operations and profitability, and it falls to HR professionals to address and resolve this area of concern. The March Hotel Business Review will document some of the biggest challenges HR professionals are currently facing, and will report on some of the best practices they are employing to achieve their goals.