Hotel & Motel Management - November 17, 2008 - (Page 1) NEWS CONCORD STEPS UP MANAGEMENT PLANS Page 4 SPECIAL REPORT HKS TOPS THIS YEAR’S LIST Page 24 NEWS MUTED MOOD AT FIRST HHOA CONFERENCE Page 4 www.HotelMotel.com News Analysis, Trends and People Since 1875 A HotelWorld Network Publication | Vol. 223, No. 20 | November 17, 2008 Industry faces economic realities Financial, real-estate experts shed light on dark times By Jason Q. Freed SENIOR EDITOR Effects of downturn felt across the board By Stephanie Ricca EDITOR IN CHIEF National Report–The two major drivers behind a significant downturn in the hospitality industry—the high cost of debt and decreasing demand—have experts and operators increasingly pessimistic. On a recent webinar presented by Real Estate Forum and sponsored by GlobeSt.com, panelists struggled to predict when the industry would begin to see a turnaround. “We’re going to see more of this limping along through 2010 and hopefully we’ll return to some sort of normalcy by 2011,” said Geoffrey Davis, president of HREC Investment Advisors. “In this industry, we have a tendency to be optimistic, but we’re in for a rough ride.” The panel was made up of hotel owners See Economy | page 37 Phoenix–With the lasting effects of the current economic crisis still unclear, hotel owners, managers and investors continue to speculate how long—and how deep—the industry will feel the pain. In September at the Lodging Industry Investment Council meeting held in conjunction with The Lodging Conference, members discussed the ramifications of inflation and depressed travel, and the pros and cons of buying assets versus debt. See Downturn | page 36 Timeshare ‘resilient’ in troubled times INFO CONCIERGE By Jennifer Kovacs SENIOR EDITOR Six in 10 Americans have difficulty falling asleep at least once a week. Here’s what’s keeping us up at night: 1. Economic fears 36% 2. High gas prices 29% 3. Health concerns 28% Source: AmericInn’s National Sleep Quality Survey, 2008 Orlando–While the timeshare segment entered the U.S. market in the 1970s, it took off in the 1990s, when when big hotel brands made a foray into the market. It was an economic time similar to what we find ourselves in today. But as it turned out, that didn’t seem to matter. “We were born to a time like this. It was almost an accidental product. … Our industry has done exceedingly well during times of trouble,” said Howard Nusbaum, president and CEO of the American Resort Development Assn. Nusbaum was among many panelists who presented guarded but optimistic outlooks for timeshare in the midst of economic unrest at the 10th Annual Vacation Ownership Investment Conference held in October at the Peabody Orlando hotel. “The prepaid nature of the product allows people to go on using it no matter what is going on,” Nusbaum said, adding he believes that will continue to be the trend in years to come. But no one at the conference went as far as calling timeshare Jean-Claude Baumgarten, president of the World Travel & Tourism Council, spoke at the Vacation Ownership Investment Conference about the state of travel in current economic conditions. See Timeshare | page 32 H&MM | JENNIFER KOVACS ‘recession-proof.’ “It’s been resilient,” said Craig Nash, chairman and CEO of exchange company Interval International. “People still buy. The way in which it’s sold is different. I do think the concept has held up.” Nash sat on a panel of industry leaders who offered insights on how to get deals done in coming years and keep making sales. http://www.HotelMotel.com http://www.GlobeSt.com
Table of Contents Feed for the Digital Edition of Hotel & Motel Management - November 17, 2008 Hotel & Motel Management - November 17, 2008 Contents Muted Mood at First HHOA Conference Concord Steps Up Management Plans, Goals DePaul Launches Hospitality School Perspective Legal FAQ Consultant’s Corner Maintenance Doctor Family Business Management Trends What Women Want Training Trends Marketing Matters HotelWorld Update Trends and Stats Top Design Firms Property-management Systems Transportation Services Laundry Equipment Marketplace Ad/Editorial Index Classifieds Checking Out Hotel & Motel Management - November 17, 2008 Hotel & Motel Management - November 17, 2008 - Hotel & Motel Management - November 17, 2008 (Page 1) Hotel & Motel Management - November 17, 2008 - Hotel & Motel Management - November 17, 2008 (Page 2) Hotel & Motel Management - November 17, 2008 - Contents (Page 3) Hotel & Motel Management - November 17, 2008 - DePaul Launches Hospitality School (Page 4) Hotel & Motel Management - November 17, 2008 - DePaul Launches Hospitality School (Page 5) Hotel & Motel Management - November 17, 2008 - Perspective (Page 6) Hotel & Motel Management - November 17, 2008 - Perspective (Page 7) Hotel & Motel Management - November 17, 2008 - Consultant’s Corner (Page 8) Hotel & Motel Management - November 17, 2008 - Consultant’s Corner (Page 9) Hotel & Motel Management - November 17, 2008 - Maintenance Doctor (Page 10) Hotel & Motel Management - November 17, 2008 - Maintenance Doctor (Page 11) Hotel & Motel Management - November 17, 2008 - Family Business (Page 12) Hotel & Motel Management - November 17, 2008 - Family Business (Page 13) Hotel & Motel Management - November 17, 2008 - Management Trends (Page 14) Hotel & Motel Management - November 17, 2008 - Management Trends (Page 15) Hotel & Motel Management - November 17, 2008 - What Women Want (Page 16) Hotel & Motel Management - November 17, 2008 - What Women Want (Page 17) Hotel & Motel Management - November 17, 2008 - Training Trends (Page 18) Hotel & Motel Management - November 17, 2008 - Training Trends (Page 19) Hotel & Motel Management - November 17, 2008 - Marketing Matters (Page 20) Hotel & Motel Management - November 17, 2008 - HotelWorld Update (Page 21) Hotel & Motel Management - November 17, 2008 - Trends and Stats (Page 22) Hotel & Motel Management - November 17, 2008 - Trends and Stats (Page 23) Hotel & Motel Management - November 17, 2008 - Top Design Firms (Page 24) Hotel & Motel Management - November 17, 2008 - Top Design Firms (Page 25) Hotel & Motel Management - November 17, 2008 - Top Design Firms (Page 26) Hotel & Motel Management - November 17, 2008 - Top Design Firms (Page 27) Hotel & Motel Management - November 17, 2008 - Top Design Firms (Page 28) Hotel & Motel Management - November 17, 2008 - Top Design Firms (Page 29) Hotel & Motel Management - November 17, 2008 - Property-management Systems (Page 30) Hotel & Motel Management - November 17, 2008 - Property-management Systems (Page 31) Hotel & Motel Management - November 17, 2008 - Property-management Systems (Page 32) Hotel & Motel Management - November 17, 2008 - Transportation Services (Page 33) Hotel & Motel Management - November 17, 2008 - Transportation Services (Page 34) Hotel & Motel Management - November 17, 2008 - Transportation Services (Page 35) Hotel & Motel Management - November 17, 2008 - Transportation Services (Page 36) Hotel & Motel Management - November 17, 2008 - Transportation Services (Page 37) Hotel & Motel Management - November 17, 2008 - Laundry Equipment (Page 38) Hotel & Motel Management - November 17, 2008 - Marketplace (Page 39) Hotel & Motel Management - November 17, 2008 - Ad/Editorial Index (Page 40) Hotel & Motel Management - November 17, 2008 - Classifieds (Page 41) Hotel & Motel Management - November 17, 2008 - Classifieds (Page 42) Hotel & Motel Management - November 17, 2008 - Classifieds (Page 43) Hotel & Motel Management - November 17, 2008 - Classifieds (Page 44) Hotel & Motel Management - November 17, 2008 - Classifieds (Page 45) Hotel & Motel Management - November 17, 2008 - Checking Out (Page 46) Hotel & Motel Management - November 17, 2008 - Checking Out (Page 47) Hotel & Motel Management - November 17, 2008 - Checking Out (Page 48)
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