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TRAVEL
February 10, 2002
The lodging business took a one-two punch in 2001 with a weak economy and the September shock wave that rippled through the travel industry. Both occupancy and rates were down from the previous year. * Occupancy 2000--63.7%; 2001--60.1% Average room rate 2000-- $86.04; 2001--$84.85 * Source: Smith Travel Research
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BUSINESS
February 3, 2013 | By Hugo Martin
For the ninth consecutive year, Moscow hotels ranked as the most expensive in the world for business travelers, followed by Lagos, Nigeria, and New York City. The ranking, based on an annual survey by U.K.-based Hogg Robinson Group, a travel, expense and data management firm, concluded that hotel rates around the globe grew by an average of 1.4% last year, compared to a 1% increase in 2011. (In the U.S., hotel rates jumped 4.2% in 2012, to an average of $106 per night, according to STR, formerly known as Smith Travel Research.)
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BUSINESS
September 4, 2010 | By Hugo Martín, Los Angeles Times
The nation's hotel industry, already struggling to pull out of its worst slump in decades, is now suffering from another loss in revenue because of the booming popularity of cellphones and laptop computers. In the past, hotel operators could expect to collect extra money by charging guests for in-room phone calls and on-demand movies. But today most guests check into a hotel packing cellphones and laptop computers that are linked to the Internet and loaded with movies, games and music.
BUSINESS
September 17, 2012 | By Hugo Martin
In the end, one group of Americans can proclaim both the Republican and the Democratic conventions a success: hotel owners. The Republican National Convention in Tampa, Fla., and the Democratic National Convention in Charlotte, N.C., combined to generate $46 million in hotel revenue, according to a report issued Monday by Smith Travel Research. Despite the threat of Hurricane Isaac, the Republican National Conventions in late August pushed hotel occupancy levels in Tampa to an average of 81%, while the Democrats who met in early September increased occupancy in Charlotte to 92%, according to the report.
BUSINESS
June 29, 2008 | From Times Staff and Wire Reports
Fewer hotels are offering free breakfasts, more are charging for late cancellation and more are offering free in-room wireless Internet access. Those are some of the findings from a recent survey of 10,000 hotels conducted by Smith Travel Research for the American Hotel & Lodging Assn. Fifty-nine percent of respondents offer a complimentary breakfast, down 9 percentage points from 2006. In terms of rates, 67% offer weekend specials, up 8 percentage points from 2006, while those that charge for late cancellation rose 8 percentage points to 82%. Wireless Internet access is being offered by 91% of hotels, up 35% from four years ago, the survey found.
BUSINESS
February 3, 2013 | By Hugo Martin
For the ninth consecutive year, Moscow hotels ranked as the most expensive in the world for business travelers, followed by Lagos, Nigeria, and New York City. The ranking, based on an annual survey by U.K.-based Hogg Robinson Group, a travel, expense and data management firm, concluded that hotel rates around the globe grew by an average of 1.4% last year, compared to a 1% increase in 2011. (In the U.S., hotel rates jumped 4.2% in 2012, to an average of $106 per night, according to STR, formerly known as Smith Travel Research.)
BUSINESS
October 21, 2009 | Hugo Martin
While hotels across the country continue to struggle with slumping occupancy rates and sliding revenue, industry data released Tuesday show signs of improvement in several regions, including Southern California. The hotel occupancy rate nationwide dropped 5.4 percentage points to 59.8% in the first week of October, compared with the same period last year, while revenue per available room fell 12% to $59.28, according to Smith Travel Research Global, an industry research firm. The numbers are the latest in a series of reports chronicling one of the worst slumps in decades for the hotel industry.
BUSINESS
September 17, 2012 | By Hugo Martin
In the end, one group of Americans can proclaim both the Republican and the Democratic conventions a success: hotel owners. The Republican National Convention in Tampa, Fla., and the Democratic National Convention in Charlotte, N.C., combined to generate $46 million in hotel revenue, according to a report issued Monday by Smith Travel Research. Despite the threat of Hurricane Isaac, the Republican National Conventions in late August pushed hotel occupancy levels in Tampa to an average of 81%, while the Democrats who met in early September increased occupancy in Charlotte to 92%, according to the report.
BUSINESS
February 7, 2011
Blackstone Group agreed to buy a majority stake in Strategic Hotels & Resorts Inc.'s Hotel del Coronado to help restructure the debt on the Southern California resort that was the backdrop of the film "Some Like it Hot. " Strategic Hotels formed a joint venture with Blackstone Real Estate Advisors and KSL Resorts, an affiliate of Kohlberg Kravis Roberts & Co., investing an undisclosed amount of cash into the luxury hotel and converting a portion...
TRAVEL
June 28, 2009 | Valli Herman
There are deals to be had. Hotels need you, and they need your money, and in this time of downturn, they aren't going to let rooms stand empty if they can generate some cash. But beyond needing you, they also want you -- to enjoy your stay, to call on them to cater to your every whim, to tell them what makes you tick and lights your life. Watch out for both this summer as you check out what's going on with checking in.
BUSINESS
February 7, 2011
Blackstone Group agreed to buy a majority stake in Strategic Hotels & Resorts Inc.'s Hotel del Coronado to help restructure the debt on the Southern California resort that was the backdrop of the film "Some Like it Hot. " Strategic Hotels formed a joint venture with Blackstone Real Estate Advisors and KSL Resorts, an affiliate of Kohlberg Kravis Roberts & Co., investing an undisclosed amount of cash into the luxury hotel and converting a portion...
BUSINESS
September 4, 2010 | By Hugo Martín, Los Angeles Times
The nation's hotel industry, already struggling to pull out of its worst slump in decades, is now suffering from another loss in revenue because of the booming popularity of cellphones and laptop computers. In the past, hotel operators could expect to collect extra money by charging guests for in-room phone calls and on-demand movies. But today most guests check into a hotel packing cellphones and laptop computers that are linked to the Internet and loaded with movies, games and music.
BUSINESS
November 10, 2009 | Hugo Martin
Despite airfares and hotel rates that are among the lowest in over a decade, more recession-battered travelers will forgo the airports, hit the freeways and stay with family and friends to save money during the upcoming holiday season. This Thanksgiving, the number of passengers traveling by air nationwide will be down 4% from last year, according to a report released Monday by the Air Transport Assn., a trade group that represents the nation's leading airlines. The group attributes the drop to declining demand despite air fares that, according to its report, are at the lowest levels since 1998.
BUSINESS
October 21, 2009 | Hugo Martin
While hotels across the country continue to struggle with slumping occupancy rates and sliding revenue, industry data released Tuesday show signs of improvement in several regions, including Southern California. The hotel occupancy rate nationwide dropped 5.4 percentage points to 59.8% in the first week of October, compared with the same period last year, while revenue per available room fell 12% to $59.28, according to Smith Travel Research Global, an industry research firm. The numbers are the latest in a series of reports chronicling one of the worst slumps in decades for the hotel industry.
BUSINESS
August 5, 2009 | Hugo Martin
The Hotel Bel-Air, a storied Mission-style landmark frequented by Hollywood's elite, will close for nearly two years for a multimillion-dollar face lift that will put hundreds of staffers out of work. The massive renovation, beginning Oct. 1, will include upgrades for all 91 rooms and suites, the hotel's Champagne Bar, its restaurant and private dining rooms. When it is finished in mid-2011, the hotel will boast 12 new villas and a spa with seven treatment rooms.
TRAVEL
June 28, 2009 | Valli Herman
There are deals to be had. Hotels need you, and they need your money, and in this time of downturn, they aren't going to let rooms stand empty if they can generate some cash. But beyond needing you, they also want you -- to enjoy your stay, to call on them to cater to your every whim, to tell them what makes you tick and lights your life. Watch out for both this summer as you check out what's going on with checking in.
BUSINESS
August 5, 2009 | Hugo Martin
The Hotel Bel-Air, a storied Mission-style landmark frequented by Hollywood's elite, will close for nearly two years for a multimillion-dollar face lift that will put hundreds of staffers out of work. The massive renovation, beginning Oct. 1, will include upgrades for all 91 rooms and suites, the hotel's Champagne Bar, its restaurant and private dining rooms. When it is finished in mid-2011, the hotel will boast 12 new villas and a spa with seven treatment rooms.
BUSINESS
November 10, 2009 | Hugo Martin
Despite airfares and hotel rates that are among the lowest in over a decade, more recession-battered travelers will forgo the airports, hit the freeways and stay with family and friends to save money during the upcoming holiday season. This Thanksgiving, the number of passengers traveling by air nationwide will be down 4% from last year, according to a report released Monday by the Air Transport Assn., a trade group that represents the nation's leading airlines. The group attributes the drop to declining demand despite air fares that, according to its report, are at the lowest levels since 1998.
BUSINESS
June 29, 2008 | From Times Staff and Wire Reports
Fewer hotels are offering free breakfasts, more are charging for late cancellation and more are offering free in-room wireless Internet access. Those are some of the findings from a recent survey of 10,000 hotels conducted by Smith Travel Research for the American Hotel & Lodging Assn. Fifty-nine percent of respondents offer a complimentary breakfast, down 9 percentage points from 2006. In terms of rates, 67% offer weekend specials, up 8 percentage points from 2006, while those that charge for late cancellation rose 8 percentage points to 82%. Wireless Internet access is being offered by 91% of hotels, up 35% from four years ago, the survey found.
TRAVEL
February 4, 2007 | Jane Engle, Times Staff Writer
KNOWLEDGE is power for travel consumers, helping them save money and avoid hassles. If I were teaching a Travel 101 course this year, I'd draw up lesson plans for the following topics: 1. How to get a passport On Jan. 23, the U.S. government began requiring that every air passenger crossing into the U.S. from Canada, Mexico or the Caribbean carry a passport. As early as next year, cruise passengers and those reentering by car or on foot will need passports (or an equivalent document) too.
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