HOTEL BUSINESS REVIEW

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Steven Belmonte

When I started in the lodging industry more than 30 years ago at the age of 18 as the youngest general manager of a Holiday Inn, it was generally believed that the road to the franchising ivory tower was the straight and narrow. And at the time, that was probably true - as there were fewer big name hotels around, the travel industry was not as robust as it today, and the concept of capitalism had not reached global proportions of the 21st century. Franchising, in those days, was a new concept and was cautiously and steadily making the American dream a reality for young entrepreneurs. READ MORE

Victor P. Haley

The hospitality industry has yet to recover from the events of 9/11. Since that tragic day, the revenues of the major hotel operating companies have declined sharply. Only now is the industry seeing a return to profitability and increasing ADR and occupancy. However, a lingering issue continues to haunt the industry - the fear that a terrorist attack could target a hotel and the realization that the prevention of such an attack is a daunting task. Hotels can no longer do business as they once did. They must confront the new reality of terrorism and take measures to protect their guests from harm and themselves from liability. In confronting the very real threat of a terrorist attack, hotels also face a range of complicated related issues. What is a hotel's liability to its guests if an attack occurs on the hotel premises? How proactive must hotel management be in anticipating and thwarting an attack? How do the additional security measures taken by hotel management get funded? READ MORE

Dennis M. Baker

Whether it's a five-star resort or a two-star hotel, customers rate location as the number one deciding factor when booking a hotel according to a recent consumer survey by HotelClub, a leading online accommodation specialist. But as everyone knows, within the "location" category there are many choices. With today's online virtual tours customers can get a fairly accurate evaluation of the details of your location in advance. Obviously room size and d'ecor, attractiveness of common areas and available amenities are critical in that evaluation, but the exterior appearance of the grounds, everything from flowers to plantings to trees, is also important to your hotel's image. READ MORE

Roger G. Hill

From a financial perspective, the lodging sector in the United States is healthy, according to PKF Hospitality Research. The current market and industry conditions dictate some tightening in the lending community, however, and there's certainly no lack of competition for funding. Capital just isn't as abundant as it's been for the past few years, and you'll need a more aggressive and comprehensive method to attract these investors. Following are 10 powerhouse steps to attract investors to your property. I encourage you to evaluate every aspect of your hotel, including its overall appearance, functionality, operations, and profitability. Readying your property for new opportunities is a lot of work, but once you have investors lined up, it'll be worth all the effort. READ MORE

W. Don Turner

Every hotelier has dreams of entrepreneurial endeavors. Every entrepreneur has his own recollection of his successes, the path that lead him to those successes and the challenges that he has faced along the way. CLIA, The California Lodging Industry Association, is made up of many such entrepreneurs. Men and women that have started with a dream, something small, and turned it into a strong, independent, growing and thriving example of the "Great American Success Story" Over the next few articles I will chronicle this process drawing from some of my own experiences as well as some of the stories and experiences that have been shared with me by great people that I have encountered in the Industry. READ MORE

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