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HOTELS' Daily News Service
HOTEL's Daily News Service - an information service of  HOTELS magazine
August 28, 2008

Today's Headlines:

Beijing Rates, Revenue Spike During Olympics
Beijing hotels posted an occupancy rate of 88.47% during the event, according to STR Global. Secondary host cities Hong Kong and Qingdao experienced RevPAR declines.
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Hotel Capitalization Rates Continue To Soften
The mid-year US Realty Consultants Hotel Investment Survey indicates that capitalization rates for both limited-service and full-service hotels have continued to moderately increase, a trend that began last winter.
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Thompson Hotels To Open In Seoul
Thompson Hotels is launching Thompson Seoul in South Korea, the brand’s first venture outside of North America and the first luxury boutique property of its kind in Seoul.
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Breeze To Add 15 In India Secondary Cities
Breeze Hotels, part of Rajathi Group, announces its foray into second- and third-tier cities as part of its expansion plans. Breeze plans to set up 15 business-class hotels, all 3-star.
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Accor First-Half Revenue Up 5%
Accor posts a solid first-half revenue performance, up 5.1% in hotels.
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Vietnam Gets Its First Holiday Inn
IHG has signed an agreement with Military Bank Land to manage the group's first Holiday Inn in Hanoi. The 300-room hotel is scheduled to open in 2012.
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Green Blog: Leading The 'Ecolution'
Ray Burger writes: "I do think American Founding Fathers would be impressed with the leadership and commitment to sustainability by some of the “ecolutionaries” that lead the green charge in Boston."
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Sales Blog: Why Put In Such Crazy Hours?
Bart Berkey writes: "You just completed working a back-to-back shift entailing 18 hours. When you finally arrive home, you'll literally be too exhausted to sleep and you might muster enough energy to fill a cereal bowl with milk and cheerios. Why do you do this?"
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HOTELS' Daily News Service is edited by Jeff Weinstein +1 630 288 8260.

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