GLG News by Hotel Consultants (North America)

The affluent market, as defined by the wealthiest 10% of US households based on net worth, accounts for almost half of total US household income and thus about a third of total gross domestic product. When this segment starts to reduce or defer expenditures, the impact on the economy...

Harrah's went form having a strong balance sheet to having a very weak one.

Loss of on-site golf course Is the convention business complemtary to a high end casino? Is this just an attempt to drive revenue from a new (different) market segment?

The legacy airlines are struggling to survive the rapid and substantial increases in fuel costs. The industry's old business model (high fixed costs and low variable costs) has been destroyed by the high fuel costs. The survival of this industry, with proper regard for the interests of their customers, is...

While the economists  wait for more data before  declaring a recession, the affluent market has clearly recognized the poor state of the economy. In a new survey of the wealthiest 10% of US households, the index of 52 for current business conditions represents a sharp drop of 56 points from...

The upcoming recession will hurt hotel occupancy. The combination of increased supply, reduced demand and high gasoline prices will be deadly for the hotel industry. This scenario will provide excellent opportunities for bottom feeders who have sufficient capital to acquire hotels at bargain prices...

It  is  good  that  we  are  paying  so  much  of  attention  to  the  environmental  needs.  Clear  effects  of  today's  efforts  probably  will  be  seen  after  quarter ...

Tourism  works  against  communism. Seeing  is  believing!  Tourism  makes  people  to  demand  how  they  want  their  country,  this  planet  to  be. Tourism  generates  ambitions ...

EU  is  working  hard  and  struggling  to  make  Russia  do  business  on  internationally  accepted  terms.Russia  needs  EU  no  less  than  EU  needs  Russia.There  is  nothing ...