Ithaca, NY — Conventional wisdom says hotels can undercut their competitors? room rates to grab market share and boost room revenues. A new hotel industry research report published by Cornell?s Center for Hospitality Research (http://www.hotelschool.cornell.edu/research/chr/pubs/reports/2008.html) finds that this gambit doesn?t work at all for upscale Asian hotels.
The move follows increasing criminal incidents in hotels, said police.
The Federal Capital Territory Administration (FCTA) yesterday banned the sale of alcohol by Hotels situated near residential areas in Abuja.
The Rezidor Hotel Group announces three new hotels in EMEA ? the Radisson Olympic Hotel, Minsk, Republic of Belarus (241 rooms), the Radisson Tripoli, Libya (333 rooms) and the Park Inn Weimar, Germany (194 rooms). All together, the properties add 768 rooms to the Rezidor system.
Affinity Media Announces Hotels at Home’s New Distribution Center in Dubai
Police today conducted raids in some hotels here following information that the mastermind of the attack on Dera Sacha Sauda chief’s convoy had stayed in the city.
Several more new hotels are being planned near General Mitchell International Airport on Milwaukee’s south side. Read more in the new edition of the BizTimes Real Estate Weekly bulletin.
For romantics looking for an intimate hideaway this Valentine’s Day that stretches beyond chocolate, champagne and dinner for two, luxury travel site globorati.com has come up with the top 10 hotels for couples.
Affinity Media International Corp. , a special purpose acquisition company that previously announced a definitive agreement to acquire Hotels At Home, Inc., announced that Hotels At Home has opened a distribution center in Dubai, United Arab Emirates to service Hotels At Home’s expanding international client base of hotel partners.
Starwood Hotels & Resorts Worldwide Inc. climbed in New York trading after billionaire investor Sam Zell bought a stake to become the company’s second-biggest shareholder.