BUSINESS
January 1, 2011 | By Hugo Martín, Los Angeles Times
When a 54-story, glass-sheathed hotel complex next to the L.A. Live entertainment center opened last year, it altered the skyline of downtown Los Angeles. It also changed the landscape for the city's hotel industry. Owners of existing downtown hotels are launching multimillion-dollar upgrades to keep pace with the upscale JW Marriott and Ritz-Carlton hotels that operate out of the glass tower. Across the street from L.A. Live and Staples Center, the humble three-star Holiday Inn has nearly completed a $10-million makeover, becoming a four-star property with a fancy new name: Luxe City Center.
CALIFORNIA | LOCAL
April 4, 2012 | By Kate Linthicum, Los Angeles Times
The Los Angeles City Council is considering granting economic incentives to the local hotel industry to encourage modernization projects and better pay for workers. In a motion introduced on Tuesday, the council agreed to ask several city departments for reports on how "public benefits" and other incentives could be used to help strengthen the local tourism industry, which the motion said is "lagging behind where it can be. " Hotels, the measure said, are aging and falling behind in energy efficiency, and hotel workers are largely "underpaid and overworked.
BUSINESS
March 18, 2012 | By Hugo Martin
Flash sales - limited-time-only discount offers for hotel rooms - may be hugely popular among budget-minded travelers, but the hotel industry is strongly divided on the practice. A recent survey by the Cornell University School of Hotel Administration determined that 42% of hotel operators had at least tried flash deals, but 46% of hotel operators said they had no intention of offering them. The remaining 12% were considering using flash sales. Flash sales, offered to subscribers of such websites as Groupon, LivingSocial and Jetsetter, can offer discounts of about 45% to 55% off of regular rates, according to the report, which surveyed nearly 200 hotel operators worldwide, most of them in North America.
BUSINESS
August 18, 2011 | By Roger Vincent, Los Angeles Times
Terranea, a Tuscan-themed luxury resort on the bluffs of Rancho Palos Verdes, couldn't have opened at a worse time. The sprawling seaside resort had 582 rooms to rent, a fancy spa, eight restaurants and bars, plus one of the largest ballrooms in the region — and, at its debut two years ago, faced the coldest hospitality market in decades. The owners hired 50% fewer employees than they had planned, launched generous discount promotions and prepared for the worst. In 2009, the hotel industry was in the roughest shape since the Great Depression of the 1930s.
BUSINESS
October 24, 2011 | By Hugo Martín, Los Angeles Times
Just as the U.S. hotel industry begins to recover from the recession, industry leaders say they are being sabotaged by the Obama administration. The charge centers on a new rule proposed by Obama's Office of Government Ethics that would prohibit most federal employees from accepting free admission to conferences and other gatherings held by businesses or organizations that lobby the government. The American Hotel & Lodging Assn., the trade group that represents the nation's hotels, blasted the proposed rule, saying it is unneeded and would prevent federal employees from mingling with people to learn about trends and problems in the country.
BUSINESS
August 14, 2009 | Roger Vincent
Last week was another ghastly one for the hotel industry, researchers said Thursday, with occupancy and revenue again down substantially compared with a year earlier. Some cities were hurt less than others, with Washington hotels only slightly worse off than last year while New York was the hardest hit among major markets, according to Smith Travel Research Inc. Hotels located along highways suffered less than all other types of properties, such as resorts and upscale urban inns.