August 20, 2008 Today's Headlines: U.S. Hotel Deals Down 81% In First Half Compared To This Year, 2007 Was Great Bid For Morgans Reportedly In Works Vacation Ownership Picks Up In Hong Kong Japan: Wyndham To Open 9 Under Ramada, Days Venetian Macao Expansion Loan Cut By US$2b Vegas Tour Operators See Potential In Average Folks Survey Reveals Preferences Of Techy Travelers U.S. Hotel Deals Down 81% In First Half The volume of U.S. hotel transactions for the first six months of 2008 declined 81% from the same period in 2007, reaching US$6 billion, according to Jones Lang LaSalle Hotels. Read the full story >> ADVERTISEMENT HOTELS' Hotelier Radio Listen in as industry's leading hoteliers discuss their experiences, challenges, future plans, vision and outlook on the industry in podcasts featured on HOTELS' Hotelier Radio. Click here to tune in to Hotelier Radio. Compared To This Year, 2007 Was Great As U.S. hoteliers struggle with declining occupancy and below-average ADR growth, the industry looks back fondly at 2007. By the time we finish 2008, the 7.2% bottom-line growth achieved in 2007 will seem like nirvana. Read the full story >> Bid For Morgans Reportedly In Works Zabeel and Mubadala are believed to have both completed due diligence and tabled increased offers for Morgans Hotel Group over the weekend. Read the full story >> Vacation Ownership Picks Up In Hong Kong Hong Kong investors are proving to be a strong force, jostling for exclusive beachfront properties and high-end city condominiums alongside Singaporeans, Americans and Europeans. Read the full story >> Japan: Wyndham To Open 9 Under Ramada, Days Wyndham Hotel Group today has signed a non-exclusive agreement with Green Hospitality Management Co. Ltd. of Tokyo to open nine hotels in Japan during the next five years under the Ramada and Days Inn brands. Read the full story >> Venetian Macao Expansion Loan Cut By US$2b The Venetian Macao's massive expansion plans have been hit by the global credit crunch, with a proposed loan to the casino cut to less than US$5 billion from the original target of US$7 billion. Read the full story >> Vegas Tour Operators See Potential In Average Folks Compared with the high rollers who crowd Wynn Las Vegas each weekend, Middle America tourists in fanny packs aren't nearly as glamorous. But for companies who know how to reach them, the T-shirt-and-Budweiser crowd can be just as lucrative as beautiful people in high-limit salons. Read the full story >> Survey Reveals Preferences Of Techy Travelers Technology-forward travelers are highly educated, affluent, have a zest for travel and spend 50% more on travel services annually than their less tech-savvy counterparts. Read the full story >> Click here for all news headlines ADVERTISEMENT Keep Your Culinary Keen with Food & Beverage Bites Find out what's current and upcoming in the culinary corner of hotelkeeping with Food & Beverage Bites eNewsletter from HOTELS. This free monthly F&B briefing delivers food and beverage news, menu ideas and product information relevant to the world of hotelkeeping. Subscribe today! readers' choice - our most popular web pages Ted Teng Named New President, CEO Of The Leading Hotels of the World Dolce Intl. Becomes Dolce Hotels and Resorts HOTELS’ 325 Longtime IHG, Hilton Exec Steve Porter Dies Room At The Top Gencom, Lehman Sell Portfolio To RLJ Fund HOTELS' Daily News Service is edited by Jeff Weinstein +1 630 288 8260. Copyright © 2007 Reed Business Information. All rights reserved. For information about sponsorship opportunities, contact David Wood +1 630 288 8267.

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