Hotel Management July 2014 : Page 1

■ ➔ SO DEMANDING.. pulse 7.1 percent 5.7 percent 5.3 percent 2.9 percent Hotel markets greatest and least change in demand forecast change 2014 to 2015 The Leading Hospitality News Authority Since 1875 Vol. 229, No. 9 | July 2014 A Questex Hospitality Group Publication 1 Tucson, Ariz. ◾ 2 Austin, Texas ◾ 3 Pittsburgh ◾ National average Source: PKF Hospitality Research SEE PAGE 18 FOR MORE TRENDS & STATS NYU CONFERENCE Execs see up to ve years of strong growth, performance By Stephanie Ricca and David Eisen EDITOR-IN-CHIEF & MANAGING EDITOR N EW Y ORK – It’s shaping up to be a good four-to ve-year stretch for the hotel industry. at’s if you believe a slew of hotel executives, who spoke on the matter at June’s New York University International Hospitality Industry Investment Conference at the Marriott Marquis. The annual conference is an early-summer barometer of which way the wind is blowing in the hospitality industry. In this case, it’s a tailwind, said omas Baltimore, CEO of RLJ Lodging Trust, during the “REIT Beat” panel. “I think we are in the fth inning,” he said. “I see another four to ve years in the cycle.” See NYU wrap-up | page 46 © NYU-SCPS TISCH CENTER/DEBRA ROTHENBERG Robert Boland (far left) of NYU moderated “The CEOs Check In” panel, which consisted of, from left: J. Allen Smith, president and CEO, Four Seasons Hotels & Resorts; Richard Solomons, CEO, InterContinental Hotels Group; Arne Sorenson, president and CEO, Marriott International; and Frits van Paasschen, president and CEO, Starwood Hotels & Resorts Worldwide. Study of extreme increases in compensation warns of job cuts By C. Elliott Mest ASSOCIATE EDITOR N EW Y ORK – The American Hotel & Lodging Association (AH&LA) and the Asian American Hotel Owners Association (AAHOA) revealed the results of a recent national study investigating the impacts of extreme local wage initiatives at the NYU International Hospitality Industry Invest-ment Conference. Economic impact on lodging minimum wage increases nationally Loss of hotel values Reduced guestroom revenue Loss of jobs $1,020,000,000 $612,300,000 $320,200,000 Source: The Pennsylvania State University School of Hospitality Management MARK HOPLAMAZIAN ONE – on – ONE Hyatt Hotels’ Opening a new Park Hyatt in New York is just one of this CEO’s many current duties See page 20 See Wage increase | page 33 ■ ➔ TRENDS & STATS. inside this issue SPECIAL REPORT. TECHNOLOGY. Going mobile What does it mean for the guestroom phone? Find out what the industry has in store. PAGE 30 Budgeting season is upon us Knowing your local markets is a must when it’s time to prepare 2015 budgets. Here’s help from PKF. PAGE 18 Top purchasing companies A listing of purchasing companies by clients’ spend, number of hotels and segments and regions served. PAGE 24

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