HOTELS' Daily News Service - 11/13/09

Disney Posts Strong Q4, Names New CFO

Today's Headlines - November 13, 2009
Disney Posts Strong Q4, Names New CFO 10 New Hotel Budgeting Steps For 2010 China Hotels Post 53% Profit Drop In Q3 Sofitel To Open In Karachi, Pakistan	Sol Melia Pulls Flag From Chile Resort Singapore Government Takes Hyatt Stake Maoists Capture 2 India Hotels Trump New York To Renovate Guestrooms

Disney Posts Strong Q4, Names New CFO

The Walt Disney Co. posted a surprise 18% increase in fourth-quarter earnings Thursday and announced an executive job switch that might point to an eventual successor to Chief Executive Robert Iger.
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View HOTELS' Webcast: Working with Intermediaries Online
The third Webcast in HOTELS' Online Hotel Merchandising series, Working with Intermediaries Online, is now available on demand. HOTELS' Senior Editor Derek Gale leads a panel discussion with hoteliers and consultants on distribution channels, negotiation strategies and benchmarking, relationship building and more. Sponsored by VFM Leonardo. Click here to view the webcast.

10 New Hotel Budgeting Steps For 2010

Asset managers and owners will be looking for more savings so that they can meet their debt service obligations. There are several additional tools that can create win-win solutions.
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China Hotels Post 53% Profit Drop In Q3

China's star-rated hotels posted a year-on-year profit decline of 53% for the third quarter, with the average room rate down by 11% over a year before and operating revenue seeing a moderate drop.
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Sofitel To Open In Karachi, Pakistan

Karachi city is soon to have another 5-star hotel, a Sofitel.
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Sol Melia Pulls Flag From Chile Resort

Following the termination of its agreement with Sol Melia, Euroamerica has taken over management of Patagonia hotel in Puerto Varas.
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Singapore Government Takes Hyatt Stake

Singapore's sovereign wealth fund Government of Singapore Investment Corp. has acquired 3 million shares of Hyatt Hotels Corp.
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Maoists Capture 2 India Hotels

Unified CPN (Maoist) cadres have captured two tourist hotels located at the bank of Narayani River in Gaidakot, Chitwan district.
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Trump New York To Renovate Guestrooms

The lauded Trump International Hotel & Tower New York, the flagship property of the growing Trump Hotel Collection, plans an extensive renovation of its 167 guestrooms and suites beginning in January. The renovation will happen in two stages, with half of the rooms being addressed January through April, and the balance June through September.
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