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Showing posts from March 30, 2008

NEWS| Banyan Tree full year operating profit up 10% to S$122.5 milion

Highlights:

- FY2007 Revenue up 26% to S$421.9 million
- 4Q07 Revenue up 33% to S$151.4 million
- 4Q07 Operating profits up 22% to S$51.4 million
- Strong performance by hotel operations
- Increased contribution from property sales segments

Banyan Tree Holdings Limited ("Banyan Tree" or the "Group"), a leading manager and developer of premium resorts, hotels, spas and galleries, announced its full year result. Driven by its hotel operations and property sales segments, coupled with a one-off negative goodwill exceptional gain arising from its subsidiary's rights issue in July 2007, the Group posted a 142% increase in profit after taxation to S$102.4 million on the back of a 26% increase in revenue to S$421.9 million.

Mr Ho KwonPing, Executive Chairman of Banyan Tree said, "We are pleased with the strong growth of our businesses while we continue to enlarge our global footprint as part of our strategy to grow our revenue base and diversify geographically. Our fi…

AWARDS| Accolades continues for JW Marriott hotels & resorts

March was a very good month for JW Marriott Hotels & Resorts, the luxury brand of Marriott International (NYSE:MAR). In Business Week's annual customer service survey, JW Marriott Hotels made the magazine's list of top 25 companies for customer service, receiving an A+ for process and an A+ for people.

Also in March, and for the second year in a row, travel buyers in the 2008 Business Travel News U.S. Hotel Chain Survey voted JW Marriott Hotels & Resorts the top upscale brand, giving it the highest satisfaction ratings in eight of 13 categories, including physical appearance and business amenities. With fewer locations than other upscale or luxury brands, JW Marriott Hotels & Resorts, "...consistently has gained favor with buyers during the past three years, with buyer satisfaction ratings for the brand constantly rising in the survey," said BTN. There are currently 36 JW Marriott hotels, with 24 operating outside the continental U.S.

In the J.D. Power …

NEWS| Intl| Carlson's tasteful new menu choices

In an effort to provide guests with superb dining options and support those that are committed to maintaining a healthful lifestyle while traveling - this is a new menu to suit.

Radisson Hotels & Resorts today announced its enhanced “Tasteful Choices” menu, which will be available at participating hotels in the United States beginning May 2008. The enhanced Tasteful Choices menu will double the number of breakfast, lunch and dinner options currently available for hotels to choose to feature.

In refining the menu, Carlson again turned to its guests and top Radisson chefs to find out which foods appeal most to their unique lifestyles, appetites and special needs. Additionally, Radisson partnered with The Culinary Institute of America to develop Tasteful Choices recipes that range from healthy and low-fat options for the health conscious traveler to and rich, decadent options for the traveler wanting to indulge.

Each hotel and resort will feature between eight to15 Tasteful Choices it…