Newsletter - September 24, 2002
Broadsheets
unravel 6C's hotels/pub split
e-Tid.com
- Six Continents’ statement Friday that it is actively considering
demerging its pubs and hotels operations has led to more broadsheet
speculation as well as a lift in its share price.
The consensus is that more
details will emerge on Oct 1, when it plans to issue its delayed trading
statement.
Speculation in the Telegraph and Times suggests that Sir Ian
Prosser will stay on as chairman to oversee the demerger. He had planned
to retire next June.
Richard North, currently FD for the group, is named by three papers as
chief exec in waiting for the hotels division. Prosser is tipped to stay
on as non-exec chairman for the hotels division. Richard Solomons is
tipped as the finance director.
The Telegraph suggests that the hotel division, valued at £4bn,
‘will seek either a dual listing in New York or will switch its listing
to the US altogether because this is where the bulk of its assets are’.
The pubs division – featuring brands such as O’Neills, All Bar One and
Harvester, could have Roger Carr as its non-exec chairman with Tim Clarke
as its chief exec.
It is also reported that 6c will confirm that its planning to return £500-£750m
to shareholders, less than the £1bn widely tipped.
Swiss
tourism industry in a slump: association
The Swiss tourism industry is mired in a deep slump,
with occupancy rates down by six percent over the first seven months of
the year compared with the same period last year, the Swiss Tourism
Federation said Thursday.
The
organisation's president, Franz Steinegger, said: "A cold wind is
blowing on (Swiss) tourism even though last year we recorded an increase
in occupancy rates for the fourth time in a row".
He blamed the
slump on the current economic downturn, weak consumer demand, the Swiss
franc's strength, unfavourable weather conditions.
2002
Hospitality Compensation and Benefits Survey Offers Valuable HR
Information
Hospitality
human resource professionals will find a wealth of information in the new
2002 edition of the Hospitality Compensation and Benefits Survey prepared
for the American Hotel & Lodging Association by Smith Travel Research.
The survey was funded by the American Hotel & Lodging Educational
Foundation and is being sold by AH&LA's Educational Institute.
The Hospitality Compensation and Benefits Survey serves as an analytical
tool to aid human resource staffs in making equitable and competitive
compensation decisions for hospitality employees while controlling costs
for their properties. The publication includes data from nearly 2,000
properties, which provided information about salary levels, bonuses,
incentive plans, and employee benefits for 34 management and
non-management hospitality positions.
Readers can research compensation and benefits information broken down by
number of rooms, price segment, location, union status, chain status, and
geographic region. Benefit data includes medical, dental, and prescription
coverage; child care and eldercare; employee assistance programs; profit
sharing; pensions and 401K; and disability insurance.
New to this year's study is an evaluation of industry turnover date, which
will further enhance the publication's value as an HR tool.
The 2002 Hospitality Compensation and Benefits Survey is available from
the Educational Institute at a price of $80 for AH&LA members and $160
for non-members. To order, call 800-752-4567 or fax 517-372-4104, or visit
EI's web site at www.ei-ahla.org to order over the Internet with EI's new,
secure online shopping cart.
Marriott
International to Release Earnings for Third Quarter 2002 On October 3
Investors
and Media Invited to Quarterly Review
/PRNewswire-FirstCall/
-- Marriott International, Inc. (NYSE:
MAR) will conduct its quarterly earnings conference call for investors
and news media on Thursday, October 3 at 10 a.m. Eastern Time (ET).
Marriott's third quarter ended on September 6, 2002. Mr. Arne Sorenson,
Marriott International's executive vice president and chief financial
officer, will discuss the company's 2002 third quarter results as well as
its business outlook.
Individual
investors and news media are invited to listen to the call on the Internet
at http://www.marriott.com/investor
. A replay of the call will be available on the Internet until November 3,
2002 at http://www.marriott.com/investor
and click on "recent investor news." A recording of the call
will also be available by telephone from 1 p.m. ET, Thursday October 3,
2002 until Thursday, October 10, 2002 at 8 p.m. ET. To access the
recording, call 719-457-0820. The reservation number for the recording is
695188.
Discussing
the corporate contribution to Sustainable Tourism
AsiaTravelTips.com
- The Pacific Asia Travel
Association (PATA) is pleased to announce that Mr. Kevin Croley, Six
Continents Hotels’ Vice President of Sales Asia-Pacific and Dr. Pongsak
Hoontrakul of Thaiparks123.com will lead plenary sessions at the 1st PATA
Sustainable Tourism Conference and Mart, October 23-26, 2002 in Banten,
Western Java, Indonesia.
Mr. Croley
will present "Sustainability: Why Go Green? A Corporate Focus."
Six Continents Hotels is one of a new generation of hotel corporations
with heightened environmental consciousness. The group has developed a
number of environmentally-friendly programmes such as "Conserving Our
Planet."
In Conserving
Our Planet, management from 3,200 Six Continents Hotels worldwide are
invited to show how their properties create and conduct environmental
events, carry out green self audits, improve guest towel and linen reuse
rates, and raise funds for UNICEF’s Water and Environmental Sanitation
Programme.
Dr. Pongsak
Hoontrakul, the principle Founder and CEO of Thaipan1.com will lead the
plenary session entitled "Sustainable Tourism Industry: E-Tourism and
its Economic Implications." This session aims to introduce different
approaches to using national parks and reserves as viable ecotourism
experiences as demonstrated in Thaiparks123.com, a comprehensive
ecotourism destination site.
Dr. Pongsak is
a well-known lecturer and researcher for several leading universities in
Thailand and the author of numerous financial publications.
Under the
theme, "Protecting Indigenous Culture and the Environment for
Sustainable Growth," the 1st PATA Sustainable Tourism Conference and
Mart is being developed as a forum for tourism business people to meet
with the academic community to discuss the development and promotion of
sustainable tourism initiatives. Such initiatives should be sensitive,
practical and profitable.
The event will feature well-researched conference sessions and case
studies, a mart showcasing sustainable tourism products and services, an
off-site workshop for hands-on cultural audit exercises, and pre- and
post-event tours.
To attend the
1st PATA Sustainable Tourism Conference & Mart, the conference-only
fee is US$150 for PATA members, US$220 for chapter members, US$375 for
non-members and US$60 for PATA Young Tourism Professionals. The local
conference-only registration fee is US$80 for PATA Indonesia members and
US$120 for non-PATA members and accompanying persons.
For the mart
component of the event, the seller fee is US$400 per person for PATA
members, US$500 for chapter members, US$650 for non-members and US$200 for
an additional seller. The buyer fee is US$170 for PATA members, US$200 for
chapter members and US$250 for non-members.
£7m
boost to tourism in London
A £7 million three-year plan to reshape and revive London's
tourist industry has been announced.
The majority of the money, which is being made available from
extra public funding, must be spent on marketing, said London Mayor Ken
Livingstone who is seeking further financial support from the industry.
Accountancy firm KPMG will act as advisers in establishing a
new company by April 2003 to promote London as a tourist destination.
It is hoped the appointment of Tamara Ingram, chairwoman and
chief executive of top advertising agency McCann Erickson, as chairwoman
of the London Tourist Board will bring a strong private sector ethos to
the marketing of London.
Backing has already come from British Airways chairman Lord
Marshall who said: "It will need the support of the private sector to
succeed."
The Visit London campaign, aimed at protecting the £15
billion spent annually by 30 million tourists, begins with a pre-Christmas
marketing drive.
It also includes plans to build an international convention
centre in central London, provide more affordable hotel accommodation in
outer London and develop the training and skills of staff in the
hospitality and leisure sectors.
Mr Livingstone, who is to coordinate the new company, said:
"For too long the industry has suffered from a lack of strategic
direction.
"This is my way of saying tourism is important to London
and that I am making every effort to lead and support this crucial
industry."
Ms Ingram said: "Extra funding and the enhanced
partnership between the public and private sector give us a real
opportunity to transform our marketing."
Michael Ward, chief executive of the London Development
Agency, said jobs in tourism and leisure were the "key" for
London's future.
Thailand
goes for upmarket travellers.
TravelWeeklyEast.com
- Thailand says it
wants upmarket and quality visitors and a major global advertising
campaign to promote next year’s theme – Amazing Thailand-Experience
Variety – would focus on projecting the country as a quality tourism
destination.
"Travellers are becoming more
sophisticated in terms of what they want from their holidays and we are
positioning Thailand as a world-class, value-for-money destination,"
newly-appointed governor of the Tourism Authority of Thailand Juthamas
Siriwan told reporters at a briefing for the Thailand Travel Mart taking
place here.
She said Thailand is expecting 11.13 million
international visitors next year, up six percent from this year’s
projected annual arrivals figure of 10.5 million.
Foreign travellers spent US$84.35 per person
per day in Thailand and stayed an average 7.93 days.
This brought in US$6.73 billion in foreign
exchange for Thailand, she said.
Four Seasons
Hotel London named number one in 2002 Conde Nast traveller and 2002
Travel+Leisure Magazine reader surveys
Within just
two weeks Four Seasons Hotel London received two of the travel
industry’s most prestigious awards.
In a ceremony at the National Science Museum on 18th
September Conde Nast Traveller Magazine Readers named Four Seasons Hotel
London the Best Business Hotel in the UK and number 19 on the World’s
Top 100 ‘Best of the Best’ list.
Readers were
asked to rate their choices according to various criteria, such as service
and value for money. With an overall score of 87.52 Four Seasons Hotel
London outranked its nearest competitor by nearly 2 points. The ‘Best of
the Best’ list is comprised of all categories from hotels and spas to
airlines and airports and pays tribute to the highest scorers in all
categories.
“I believe
that the enthusiasm of our staff in delivering informed, personalised and
detailed service to our guests when they visit London was a key element in
our gaining this prestigious award. We are all thrilled to have been
recognised by the readers of Conde Nast Traveller magazine in this way”
commented Regional Vice President and General Manager, Mr. John Stauss.
The Conde
Nast Traveller Readers Award follows on the heels of the recently
announced Travel + Leisure magazine survey announcing the best hotels for
business travellers in more than 50 cities around the globe, as chosen by
the readers of the magazine. Four Seasons Hotel London received the
accolade for the best Business hotel in London rated on rooms/facilities,
location, service, restaurants/food and value.
Travel + Leisure is considered one of the top consumer travel
publications in the world reaching 4.6 million readers monthly. A select
group of subscribers were supplied with a unique code in their February
and March issues enabling them to complete the survey.
‘To
receive both accolades within one month is unprecedented and truly
exciting’ said John Stauss. ‘It it a fantastic recognition for our
staff and Four Seasons Hotels & Resorts’.
In further
developments Four Seasons Hotel London recently received an ‘Award of
Excellence’ from the British Tea Council for extremely high standards
for afternoon tea. Mystery tea tasters visited London’s members of the
Tea Council sampling the full afternoon tea menus available. ‘After
winning the London Top Tea place award in 1999, I am extremely proud that
we continue to rank among the best places in London to enjoy this
tradition” said Mr Stauss.
Also just
announced were the results of the Institutional Investor’s 22nd
annual World’s Best Hotels Survey. Building on last year’s success,
Four Seasons Hotel London was again rated among the top 75 world’s most
prestigious hotels. Institutional Investor is the premier financial
monthly magazine, which has won 74 awards for editorial excellence in 36
years. Senior financial executives from 31 countries, who averaged 61
nights a year at hotels last year voted in the poll.
Macao's
tourism industry booming
(Xinhua) --Macao reported a double-digit growth in the
number of tourist arrivals from January to August, led by a huge influx of
China's inlanders.
According to the latest figures from the Statistics and Census Services,
tourist arrivals in the Special Administrative Region ( SAR) jumped 10
percent to 7.61 million in the first eight months of this year.
Hong Kong remained the largest tourist source for
Macao with 3. 55 million visitors, but the figure dipped 1.4 percent on a
year-on-year basis.
China's inland was catching up quickly, providing slightly more than
one-third of tourist arrivals in Macao, while Taiwan tourists made up 13.6
percent of the total.
In August alone, visitors from China's interior surged 19.2 percent from
a year ago.
Industry insiders noted that Macao's tourism industry has benefited
greatly from a sharp rise of travel agencies allowed by the China National
Tourism Administration to manage the SAR-bound tours.
Currently, the Macao Government Tourist Office is trying to make tourists
stay longer and spend more as the number of same-day visitors reached 3.19
million or 42 percent of the total in the January-August period.
Tourists to Macao hit a record of more than 10 million in 2001 and the
figure for this year is set to rise further.
Boom
in Philippine hotel industry
AsiaPulse -
The hotel industry in the Philippines is
experiencing another surge after the hotel construction boom in the
mid-1970s.
But the surge this time is happening south of Metro Manila as evidenced
by the rise in the Alabang business district of The Bellevue Manila, the
first hotel with global standards in the area.
"The hotel business is a boom and bust industry," said Bill
Vincent, vice president for hotels of the Hotels and Restaurant
Association of the Philippines (HRAP).
Vincent added, "But the industry is easily
affected by external factors such as economic recession, political
instability, peace and order situation, power crisis, airline deregulation
policies, even weather disturbances."
The September 11 attacks on the United States affected international and
domestic tourism in countries around the world, including that of the
Philippines.
This had a significant bearing on our Philippine economy as the hotel and
tourism industry suffered huge reductions and even losses as many
companies and individuals are down in their travel and tourism budgets.
However, Vincent pointed out that the local industry is well on the way
to recovery, citing the recently concluded military Balikatan exercises
between the US and the Philippine Army and their victory against Abu
Sayyaf terrorist groups that have led to the lifting of travel bans,
allowed foreign nationals to travel to the Philippines and consequently
increased visitors arrivals.
Just recently Tourism Secretary Richard Gordon arrived from his roadshows
and sales mission from the United States (San Francisco, Los Angeles, New
York, Washington D.C., Las Vegas, Chicago, San Diego, San Jose, New Jersey
and Toronto in Canada) and China (Shanghai, Beijing, Guangzhou and Hong
Kong) to aggressively promote the Philippines as favored destination.
As of May this year, statistics show an 11.13 per cent increase in hotel
occupancy from last year's 55.32 per cent to this year's 66.45 per cent.
There is likewise, an increase from 2.64 nights average stay to 2.65
nights.
The DOT is also encouraging investors by allocating benefits through the
Omnibus Investments Code (EO No. 226).
This EO authorizes the Board of Investment (BoI) to grant fiscal
incentives to tourism enterprises engaged in the development of tourist
estates, establishment of tourists accommodations and the likes.
These incentives may come in the form of Income Tax Holiday (ITH), tax
credits, guaranteed repatriation of foreign investments and earnings.
Today, much of the new hotels in the Philippines are located in the Makati
and Ortigas areas.
As of May this year, 60 per cent of the 67 accredited de luxe hotels in
the Metro Manila area can be found in these areas.
Although there are a few existing service apartments and condotels in the
Alabang area, it is not yet saturated as the Makati and Ortigas areas and
can definitely welcome the addition of new hotels.
Hotel
TV giants to explore combined global standard
e-Tid.com
- Nasdaq-listed
On Command Corporation and privately-held Quadrigha Worldwide have
announced plans to create a global standard video and audio entertainment
model for the hotel industry.
The pair hope the system will reduce cost and improve revenues from guest
stays.
They claim a global standard would allow guests on-demand content,
internet access through the TV and plug and play broadband connections for
laptops, all using a single system.
ON Command’s technology is used in 923,000 hotel rooms in 3,440
properties in the US, Canada, Argentina, Mexico, Portugal and Spain.
Quadriga specialises in Europe and the Middle East, and is used in over
half a million hotel rooms in 6,350 contracted hotels.
Details have been posted online. Click
here to read the release on Quadriga’s web site, which includes
details of it and On Command’s current products.
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