Skip to main content

Home/ Tours and travel/ Group items tagged its

Rss Feed Group items tagged

asianhospitality

AAHOA survey finds only 5 percent of franchisees are happy - 0 views

  •  
    THE AMERICAN FRANCHISE business model is in trouble, according to a recent survey commissioned by AAHOA. The survey was inspired by a webinar AAHOA co-sponsored to gather public comment on the state of franchising for the Federal Trade Commission. The survey found that only 5 percent of the franchisee respondents are satisfied that their current franchise agreements provide fair terms representing a balanced relationship between themselves and their franchiser. Also, 72.6 percent of respondents would "possibly" or "probably" terminate their current franchised business within the next year if they could do so without penalty. "Franchising is in dire straits unless changes are made," said Laura Lee Blake, AAHOA president and CEO. "Franchising is still a powerful tool for economic mobility for America's small-business owners, including AAHOA Members. But franchising only works when both franchisors and franchisees are committed to its success, which requires transparency, fairness, and sustainable business practices. As this survey shows, there is much room for improvement when it comes to relationships that allow our small-business owners to thrive." Blake recently wrote an editorial supporting AAHOA's 12 Points of Fair Franchising and its promotion of a proposed New Jersey law that would reform that state's franchising regulations in ways similar to the 12 points. Several large hotel companies, including Choice Hotels International and Marriott International, protested AAHOA's recent annual convention in protest to its position on franchise reform The survey was conducted among owners of hotels, restaurants, retail stores and other small businesses that had participated in the FTC webinar. It was co-sponsored by the American Association of Franchisees and Dealers, and the Coalition of Franchisee Associations, conducted the survey after a recent webinar with FTC Chair Lina Khan. The FTC is soliciting comments through June 8 about
asianhospitality

Choice's Pacious addresses AAHOA rift in Leadership Series - 0 views

  •  
    In our exclusive Leadership Series interview, Pat Pacious, president and CEO of Choice Hotels International, reflects on his organization's relationship with AAHOA, his opposition to the proposed New Jersey State legislation on fair franchising and why Asian hoteliers are still important to the company. In the end, he said, it's about keeping state governments out of a dialogue that should be held between franchisers and their franchisees regarding subjects such as selling loyalty points and revenue from preferred vender programs. Pacious also discussed other key topics in the conflict between AAHOA and several large hotel companies, including Choice as well as Marriott International. Also in the interview, held at Choice's recent 67th Owner & Franchisee Convention in Las Vegas, Pacious discusses topics addressed at the convention, such as Choice's recent acquisition of Radisson Hotels Americas. He also comments on the company's offering to current and future franchisees and the importance of Asian American owners. 'This is not about fair franchising' In February, Choice announced it would "pause its partnership" with AAHOA, according to an alert to AAHOA members. AAHOA said Choice's decision came in response to AAHOA's 12 Points of Fair Franchising and its public support for New Jersey Assembly Bill A1958, which would make changes to the New Jersey Franchise Practices Act. Prior to Choice's action, Marriott had announced it was withdrawing its support for AAHOA for the same reason, and both companies chose not to attend the 2023 AAHOA Conference and Trade Show in Los Angeles in early April. Other companies, including Hilton and IHG Hotels & Resorts, also did not attend.
asianhospitality

Letter says Marriott is 're-evaluating' relationship with AAHOA - 0 views

  •  
    A LETTER APPEARING to be from Marriott International stating that the company was "re-evaluating" its official relationship with AAHOA over the association's new stance on franchise relations is causing some disruption on social media. Marriott and AAHOA have not responded to repeated requests for comment on the letter, but in an email to members AAHOA Chairman Neal Patel said the letter is a draft and the company and association are still in negotiations. The letter specifically cites AAHOA's request that the company reassess its franchising policies in light of AAHOA's recently released "12 Points of Fair Franchising." Also, it mentions AAHOA's support for New Jersey's proposed Assembly Bill 1958 that would make changes to the New Jersey Franchise Practices Act similar to the guidelines laid out in the 12 Points. "Ultimately, Marriott cannot support, either by endorsement and/or financially, any organization that is in direct opposition to our business model and interests," Marriott said in the letter. "We believe quite strongly that the longstanding relationship between Marriott and AAHOA has proven to be mutually beneficial, and we are deeply saddened that AAHOA has chosen to pivot its stance on these key issues in a way that is decidedly anti-franchising and anti-Marriott (especially since, as the AAHOA leadership shared with us in a recent meeting, neither AAHOA's leaders nor its members have any material issues with Marriott's approach to franchising or to our franchisees)."
asianhospitality

Choice seeks to acquire Wyndham despite rejection - 0 views

  •  
    MONTHS OF RUMOR were confirmed true when Choice Hotels International on Wednesday announced it has proposed to acquire Wyndham Hotels & Resorts in an approximately $9.8 billion transaction. The proposal to Wyndham stockholders came after months of negotiations broke down and Wyndham's board of directors voted to decline Choice's offer, calling it "underwhelming" and risky. AAHOA also issued a statement saying it has "high concern" that a Choice/Wyndham merger would give one franchiser too much dominance over the economy/limited service hotel segment. The proposal In its announcement of the proposal, Choice said it sought to acquire all the outstanding shares of Wyndham at a price of $90 per share, payable in a mix of cash and stock. Shareholders would receive $49.50 in cash and 0.324 shares of Choice common stock for each Wyndham share they own. Choice claims that is a 26 percent premium to Wyndham's 30-day volume-weighted average closing price ending on Oct. 16, an 11 percent premium to Wyndham's 52-week high, and a 30 percent premium to Wyndham's latest closing price.
asianhospitality

Choice says Wyndham board not forthcoming about acquisition - 0 views

  •  
    CHOICE HOTELS INTERNATIONAL is accusing the board of directors for Wyndham Hotels & Resorts of not being forthcoming with the company's shareholders regarding Choice's exchange offer to acquire Wyndham. In its counter to the Wyndham board's rejection of the offer, Choice took issue with Wyndham's concerns about getting regulatory approval for the deal and said Wyndham shareholders support the "industrial merits of a transaction." In its original proposal, made public in October, Choice said it sought to acquire all the outstanding shares of Wyndham at a price of $90 per share and shareholders would have received $49.50 in cash and 0.324 shares of Choice common stock for each Wyndham share they own. Choice claimed that is a 30 percent premium to Wyndham's 30-day volume-weighted average closing price ending on Oct. 16, an 11 percent premium to Wyndham's 52-week high, and a 30 percent premium to Wyndham's latest closing price. Wyndham's board unanimously rejected Choice's proposal, calling it unsolicited, "highly conditional" and not in the best interest of shareholders. On Nov. 14, however, Choice sent a letter to the Wyndham board with an "enhanced proposal" intended to address Wyndham's concerns about clearing federal regulations. On Dec. 12, Choice launched its public exchange offer to acquire Wyndham and on Dec. 19 the Wyndham board officially rejected the offer and urged shareholders not to tender shares for the deal.
asianhospitality

STR: U.S. hotel performance flat in third week of January - 0 views

  •  
    U.S. HOTEL PERFORMANCE remained relatively flat during the third week of January, according to STR. Tampa, Florida, led the top 25 markets in terms of occupancy. Occupancy was 48.7 percent for the week ending Jan. 22, and it was 48.8 percent the week before. It was down 15.9 percent from the comparable week in 2019. ADR was $122.17 for the week, almost same as the week before at $122.12 and down 1.4 percent from two years ago. RevPAR reached $59.52, it was $59.57 the prior week and down 17.1 percent from the same period two years ago. None of STR's to 25 markets recorded an occupancy increase during the period compared to two years ago. Tampa came closest to its pre-pandemic comparable in the third week, down just 1.7 percent to 72.1 percent. It also posted the largest ADR rise, up 14 percent to $151.74. The only RevPAR increase was also registered at Tampa, up 12 percent to $109.39.
asianhospitality

TOP TIPS TO MAINTAIN DIESEL GENERATORS AND AVOID ISSUES - 0 views

  •  
    Diesel generators are heavy-duty units designed for longevity. While the durability of diesel generators makes them ideal for long-term usage, they require significant upkeep to keep working as intended. If you have recently purchased a diesel generator or are considering purchasing one, there are several things to keep in mind to ensure you get the best value out of your investment. Everybody knows machines need timely maintenance and servicing to last longer, but diesel generators require several other measures to keep running optimally. Let's take a look at why diesel generator disasters happen and how to avoid those issues. LAUNDRY LIST OF REASONS WHY DIESEL GENERATORS BREAK DOWN Call up any reputable generator manufacturer or repair services and ask the most common causes for diesel generators to break down, and they'll give you a laundry list. You can click here to know about these causes in detail, but here's a long and short of various reasons for your diesel generator to give up. PUSHING THE GENERATOR TO ITS LIMITS It is basic knowledge that be it humans or machines, if they are pumping full steam every day, they are bound to break down. While humans can take a vacation and recharge, machinery needs proper maintenance. Think of maintenance like a spa day for your diesel generator. If you're running your diesel generator 24 hours a day all the time, it requires servicing every fortnight or 20 days. Failure to do so can severely damage the components of your generator or even cause it to break down.
asianhospitality

Magnuson opens sixth hotel to its Independent Collection - 0 views

  •  
    MAGNUSON HOTELS HAS added a new hotel to its Magnuson Independent Collection portfolio, the Studios & Suites 4 Less Charlotte, in Charlotte, North Carolina. It is the sixth hotel added to the Independent Collection by owner Ray Patel of Charlotte. The 126-room hotel is near Charlotte Douglas International Airport, The Billy Graham Library, the NASCAR Hall of Fame and the Levine Museum of the New South, according to Magnuson. The new hotel looks to draw a 52-week nonseasonal business base from the regional banking, finance, software, and biotech sectors. Charlotte is also home to the Research Triangle Park, a globally prominent research center with over 170 companies and federal agencies in the U.S. "When Ray Patel called us in 2005, he wanted to build his own brand called Studios & Suites 4 Less, and that is exactly what Ray did," said Thomas Magnuson, CEO of Magnuson Hotels. As Patel's team manages the Studios & Suites 4 Less brand and operations, Magnuson Hotels provides the technology, distribution, and marketing for the brand. "We appreciate our partnership with Magnuson Hotels, which is now entering its 17th year of consecutive increases," said Patel of Charlotte. "It is a pleasure and privilege to continually add new properties in our home market of Charlotte, North Carolina," he added.
asianhospitality

Asian Hospitality Leadership Series - 0 views

  •  
    For Teague Hunter, president and CEO of Hunter Hotel Advisors, buying and selling hotels is a family tradition. He shared that lifetime of experience with Asian Hospitality in the second installment of our Leadership Series interviews with top voices in the industry. Hunter leads the Atlanta-based hotel brokerage founded in 1978 by his father Bob Hunter with his brother Lee Hunter as chief operating officer. Last year, Hunter had its most successful year to date after closing nearly $2.5 billion in sales. In March it will host its 35th Hunter Hotel Conference, which has rebounded to full attendance three years after the COVID-19 pandemic. Teague Hunter also is the host of Teague Talks, a twice weekly series of podcasts offering advice and interviews with other industry heads. In his interview with Asian Hospitality, Hunter discussed his early days in the industry, current trends in the hotel market and the future of his company and its namesake conference. The video of the full interview is now available on our website, and the following includes excerpts from the interview with additional information. Rise up early in the morning Hunter said his first hotel job was as a bellhop in the morning shift at the old Holiday Inn Crowne Plaza Powers Ferry in Marietta, Georgia. It was quiet, but instructive. "I ran around and helped everybody with everything and learned the business," he said. His experience in hospitality, however, began at a much earlier age. He was 5 years old when Bob Hunter started his business. Teague Hunter recalled stories of childhood trips to the beach, during which he would tour hotels with his father along the way. After graduating college, Hunter worked as a financial advisor for Merrill Lynch and held a position with IBM before he realized that was not what he wanted to do with his life.
asianhospitality

Choice rebuts Wyndham on antitrust aspects of merger - 0 views

  •  
    IN ITS LATEST drive to convince Wyndham Hotels & Resorts stakeholders to accept its proposed acquisition of the company, Choice Hotels International has released a detailed presentation accusing Wyndham of making misleading statements regarding the antitrust aspects of the deal. The specific accusations include that Wyndham is manipulating data on how the hotel industry works, the competition a Choice-Wyndham combination would face and the benefits of the merger for franchisees. Choice filed the presentation with the U.S. Securities and Exchange Commission and is also available at CreateValueWithChoice.com, the company said in a statement. Choice's presentation was released nearly three weeks after Wyndham's latest statement in which it said Choice was not being forthcoming with Wyndham shareholders regarding its offer. "We are disappointed Wyndham is pushing this disinformation campaign. Their take on the antitrust risk on our proposed combination is misleading and further reflects the board's apparent entrenchment," said Patrick Pacious, Choice's president and CEO. "Wyndham's characterization of the lodging industry's competitive landscape and relevant regulatory criteria is incorrect. Our pro-competitive combination is well positioned to obtain approval, and we remain committed to completing it for the benefit of both companies' franchisees, shareholders and guests."
asianhospitality

Choice moving past failed Wyndham merger attempt - 0 views

  •  
    CHOICE HOTELS INTERNATIONAL appears to be moving on from its failed attempt to acquire Wyndham Hotels & Resorts, according to statements from its executive team during the company's first quarter earnings call May 8. The quarter saw overall positive performance for the company, including record growth in its pipeline and $63.7 million adjusted net income, a 9 percent rise over the same period of last year. The main portion of the call was dedicated to reporting the highlights of the quarter. For example, Choice's EBITDA during the quarter grew to $124.3 million, a first quarter record and a 17 percent increase compared to the same period of 2023. Its global pipeline as of March 31 increased 10 percent to a company record of more than 115,000 rooms, including a 36 percent increase in the global pipeline for conversion rooms. Its domestic rooms pipeline increased by 11 percent since Dec. 31, highlighted by a 59 percent increase for conversion rooms.
Ranjeet Kumar

A Rail Journey Through South America - 0 views

  •  
    Rail journeys are something that fascinates us always. From our childhood we like to take the window seat of a train in order to discover the surreal beauty outside. Whether it is the green pastures or the wonderful locations, travelling through a train has got its own charm. It is one of the best journeys that we cherish throughout our lives. Globe trotters spend the maximum time of their holidays moving from one place of country to the other and Rail journeys are one of the ways that are adapted by them.
  •  
    Rail journeys are something that fascinates us always. From our childhood we like to take the window seat of a train in order to discover the surreal beauty outside. Whether it is the green pastures or the wonderful locations, travelling through a train has got its own charm. It is one of the best journeys that we cherish throughout our lives. Globe trotters spend the maximum time of their holidays moving from one place of country to the other and Rail journeys are one of the ways that are adapted by them.
Heera Holiday Inn

Kolkata hotel booking online - 0 views

  •  
    Hera inn a well established reputed hotel in Kolkata. it provides best quality services to its customers and well trained stuffs are always present 24x7 in your service. It also offering Kolkata hotel online booking service so that you can book your hotel from home and enjoy a stress less and enjoyable trip.
  •  
    Hera inn a well established reputed hotel in Kolkata. it provides best quality services to its customers and well trained stuffs are always present 24x7 in your service. It also offering Kolkata hotel online booking service so that you can book your hotel from home and enjoy a stress less and enjoyable trip.
Jac ket

Ấu Tẩu Porridge - The Most Unique Delicacies in Ha Giang - 0 views

One dish that you should not miss when travelling in Ha Giang is Au tau porridge - the most unique delicacies in Ha Giang. Ha Giang is known for its breathtaking nature beauties and unique ethnic ...

Travel

started by Jac ket on 24 Nov 17 no follow-up yet
Jac ket

Experiences 5 Off The Beaten Track In Hanoi - 1 views

To understand more about Hanoi, you may experience these following 5 off the beaten track or more from others to get the deep inside and to love this peaceful city. 1. Mai Chau Located a mere 3 h...

Travel

started by Jac ket on 01 Dec 17 no follow-up yet
Jac ket

What To Do In Mui Ne, Phan Thiet - 0 views

Binh Thuan is a South Central Coast province, with a provincial city Phan Thiet which is 200 kilometers away from Ho Chi Minh city in northeast, 250km from Nha Trang city in the south, 1518km from ...

Travel

started by Jac ket on 29 Nov 17 no follow-up yet
fareloverscom

The Benefits Of Choosing A Business Class For Flying!! - 0 views

  •  
    Undoubtedly, flying in an economic class showcases to having restricted food items and drinks, a shared TV screen as well as shared access to the laboratory. Not only this, but you also have to queue yourself with fellow passengers and manage limited hand baggage space along with clamorous co-passengers and no rest. Don't you think, it is zillion times better to locate business class flights, especially if you are traveling internationally like Canada, Australia, Houston, and so on? Without any denial, it is! But, now you might have started wondering, "How to get cheap business class flight tickets for Canada" along with decent discounts? Just try to envision: From Sydney to New York, you are flying in an economic class and seated adjacent to a stranger who is perpetually snoring and drooling over your shoulder, and have to join a very crucial business meeting. There is nothing to ponder upon why you look exhausted with puffy eyes. Isn't it relatable? Well, it is! This is a common sight when you fly in economy class and have business meetings to attend. However, despite knowing everything, most of the individuals still travel in the economy class, just because flying in business class sounds too expensive. Do you think it is seriously the case? Think-think! What if we say that you can have access to a cheap business class ticket? Yeah, you read it right! We aren't kidding at all! But, before we bump on to getting cheap tickets for business class flights to Canada, let's comprehend what it is all about! The Cabin: The business class cabins are typically designed by keeping in mind the needs of professionals. The cabin offers enough legroom and space which as a result permit you to work and along with this it also includes Wi-Fi, a power outlet to plug in a laptop and other gadgets, a reading lamp, noise-canceling headphones and a storage space for your important files or laptop. In other words, it allows you to work even while flying without a
amywatson027

Bangkok Tourist Boat - 0 views

Bangkok(https://www.hop-on-hop-off-bus-tours.com/tour-chao-phraya-bangkok-river-hop-on-hop-off-boat-tour) is a city full of wonders and adventures, from its majestic temples to its vibrant nightlif...

started by amywatson027 on 12 Mar 23 no follow-up yet
amywatson027

Bangkok Tourist Boat - 0 views

Bangkok(https://www.hop-on-hop-off-bus-tours.com/tour-chao-phraya-bangkok-river-hop-on-hop-off-boat-tour) is a city full of wonders and adventures, from its majestic temples to its vibrant nightlif...

started by amywatson027 on 12 Mar 23 no follow-up yet
« First ‹ Previous 41 - 60 of 3095 Next › Last »
Showing 20 items per page