Cornell's Center for Hospitality Research Adds Three Corporate Members

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. October 14, 2008

FOR IMMEDIATE RELEASE

ITHACA , NY, August 30, 2005 - The Center for Hospitality Research at the Cornell Hotel School has formed partnerships with three organizations, furthering its mission to shape the global knowledge base in hospitality management. Joining the Center as corporate friends are KPMG Japan-Global Management Directions, The Resort Trades and Wage Watch.

Global Management Directions, a member firm of KPMG International's Hospitality and Leisure Group, is the premier provider of business advisory services to the hospitality industry in Japan. The Resort Trades, a publication of Wilson Publications and The Trades Publishing Company, reports on the timeshare and vacation club industry. WageWatch, Inc. is the leading provider of web-based compensation surveys for the hospitality industry.

"With these agreements the Center continues to broaden its reach into markets around the world," said Gary Thompson, executive director of the Center, which now has 43 corporate affiliates. "Each alliance gives us new perspectives on the key issues facing the industry. As we broaden our network, we are better able to focus our work on the most timely and relevant topics."

In addition to being a corporate friend of the Center, Wage Watch is also providing data that will be used in Center projects focusing on compensation issues. Wage Watch conducts local wage and benefit surveys in 55 markets in the United States and Canada . Its web-based compensation and benefits surveys assure subscribers of the most current and accurate wage, salary, and benefit data for the hospitality industry.

"WageWatch is very pleased to be a partner of the Cornell Center for Hospitality Research," said Randy Pullen of Wage Watch. "Our comprehensive hotel and timeshare compensation database, along with Cornell's tremendous research capability, should greatly benefit hospitality human resource professionals."

About The Center for Hospitality Research

A unit of the Cornell School of Hotel Administration, The Center for Hospitality Research (CHR) sponsors research designed to improve practices in the hospitality industry. Under the lead of the Center's 43 corporate affiliates, experienced scholars work closely with business executives to discover new insights into strategic, managerial and operating practices. The Center also publishes the award-winning hospitality journal, the Cornell Hotel and Restaurant Administration Quarterly. To learn more about CHR and its projects, visit http://www.thecenterforhospitalityresearch.org/.

CHR Partners and sponsors: AIG Global Real Estate Investment Corp., Bartech Systems International, Cendant Corporation, Four Seasons Hotels and Resorts, HVS International, JohnsonDiversey, Inc., Kohinoor Group, Marsh's Hospitality Practice, Nestl'e, Smith Travel Research, Southern Wine and Spirits of New York, Taj Hotels Resorts and Palaces, Thayer Group of Companies, Willowbend Golf Management, and Wyndham International.

CHR friends: ARAMARK o DK Shifflet & Associates o ehotelier.com o Gerencia de Hoteles & Restaurantes o Global Hospitality Resources o Hospitality World o hospitalitynet.org o Hotel Asia Pacific o Hotel China o Hospitality Initiatives India o Hotel Interactive o Hotel Resource o International CHRIE o International Hotel and Restaurant Association o KPMG Japan/Global Management Directions o Lodging Hospitality o Lodging Magazine o Mobile MoneySaver o Hotelexecutive.com o PKF Hospitality Research o Resort+Recreation o The Resort Trades o RestaurantEdge.com o Shibata Publishing Co. o The Lodging Conference o TravelCLICK o UniFocus o WageWatch, Inc. o WiredHotelier.com

Contact:

Joe Strodel, Jr.

607-255-4646

[email protected]