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Today's Headlines:
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 Upmarket Starts To See Downturn's Effects
Hotel occupancy rates are down, and corporate travel managers are demanding new concessions on previously negotiated deals. Cancellations are starting to rise even at 4- and 5-star hotels, which previously seemed immune to the economy's travails.
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Australia Performance Strong, But Clouds Gather
Australia’s key hotel markets have largely maintained their growth momentum, however the challenges arising from global financial turmoil will inevitably slow this going forward.
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Elad May Use Plaza Name In Vegas
Yitzhak Tshuva has won his court case in Las Vegas against Pujo Zabludowicz. A Clark County Court jury has ruled that Elad Properties LLC can use the Plaza name on its proposed casino and hotel on the Strip. The court rejected the argument by Zabludowicz's Tamares Group that it had exclusivity to the Plaza name in the city.
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Tech-Savvy Travelers' Internet Habits
About 71% of tech-savvy travelers search the Internet for travel information, while 81% download music, 67% shop online auctions and 33% access the Internet via cell phone, according to a new survey.
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Apple Buys 7 From Newport
Seven property upscale select-service hotels have been sold by Hotel AG, a specialized hotel brokerage firm, on behalf of Newport Hospitality Group, to Apple REIT.
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U.S. Military Join Choice Privileges At Gold Elite
Choice Hotels International Inc. announces a new permanent Armed Services program as part of its Choice Privileges rewards program. Effective immediately, active duty or reserve military members, retired military, National Guard, U.S. Coast Guard, as well as eligible spouses and dependents, can join the Choice Privileges rewards program at the Elite Gold level, a level that normally requires 10 hotel nights per year.
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Regent Expands To Puerto Rico
Regent Hotels & Resorts announces its newest luxury development, The Regent Palmas del Mar Puerto Rico.
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Blog: What Is Real Market Value?
Investment blogger Michael Shindler writes: "I have been thinking about the concept of market value lately. Other than the simple definition, is there really a way to determine value?"
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