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Current Poll
Renovation Funding
Are you seeing a more money becoming freed up for renovations?
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• No
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• No, but it looks like it’s about to happen
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Previous Polls
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Construction Come-Back
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What year do you expect new construction to come back?
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Presently overbuilt. Waiting for demand to catch up with inventory.
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New Administration in WH
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back up our economy better
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The rates properties are going, there is no need to build. After the buyers frenzy flat lines, the need to invest in construction will resume.
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Diversity Down the Road
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In five years time, what percent of lodging companies will be using diversity programs?
| 25 percent | |
| 50 percent | |
| 80 percent | |
| 90 percent | |
| 100 percent | |
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Just wait til the new Census report arrives
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Online Travel Companies
Log In to Vote
Do you fear online travel companies have too much power over your room inventory?
| Absolutely | |
| Maybe | |
| Nope | |
| We don’t use OTCs | |
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OTC's are cannibalizing corporate and leisure rate programs of the hotels providing lower service, lower rates, lower profits and lower guest satisfaction for the rands they serve. doesn't sound like a value proposition to me.
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Especially if best practices agreements protecting brand and inventory are not in place
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We as hoteliers need to be more proactive on allowing these ridiculously low rates.
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The industry needs to start a co-op to compete
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Give them what you want to sell, not what they want to sell
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Ultimately, you are driver not them.
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they reduced the rates with competition and then increase their commissions
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The thought is that when they come back they will go directly to you and not through the Online Travel Company. Wrong! They were on there for a deal and that will be the first place they look again, unless you want to give the same deal as before??? Then you've gotten no where.
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they are renting to non members to fatten their pockets
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Yes - but the hotels are giving up that power and using the OTC's in place of their sales & marketing team to fill the properties with competive pricing based on relationships, service and value. The OTC only cares about value.
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their marketing and advertising muscle serves only to gut revenues from hotels; they are leeches.
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They have achieved public awareness.
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2010 Outlook?
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Do you expect business in 2010 to be better than 2009?
| Much Better | |
| Somewhat Better | |
| The Same | |
| Somewhat Worse | |
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with the job market at the current level cusumer confidence is still low
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Bank financing will continue to be difficult due to the number of non-performing loans
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Diversifying products and markets
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Business increased an unexpected 25% in '09. Don't expect to grow significantly this year.
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The only place from 'down' for two years, is 'up'.....that time is now.....
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Numbers increase well ahead of yields
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Job losses, loss of discretionary and the turmoil created by government's attitude towards the business sector creates uncertainty and with uncertainty comes a trepidation to invest capital whether it be people or machinery. we are a few years away from true recovery.
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last quarter to pick up... slowly
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Business already picking up strongly this first quater of 2010
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no hospitality business yet
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Inventory Replenishment
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Jobs losses are still high.
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Hawaii is expecting to be flat for 2010
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There is a danger lurking from the policy that BO in the White House has done. The Fed and markets could come to a dead end. The budget is out of balance and spending with health care just stuck the taxpayer with trillions in obligations over Medicare. I think 2008 was just a warm up game for what BO has set us up for.
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This Country made a huge mistake with Obama. Business has always been the bad guy. He has no foundation to understand why we need to compete with the world to come out on top. This next November will be huge if we ever expect to see light at the end of the tunnel.
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