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Showing posts from August 20, 2009

NEWS| Intl| Dubai record five percent increase in guests first half of 2009.

Beach hotels record 90% occupancy in first week of August, 35% increase in GCC visitors in July 2009, 17% increase in Dubai hotel rooms and hotel apartment flats in the first half of 2009.


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FINANCIALS| Choice Hotels Q2 Profit Declines

Choice Hotels International, Inc., reported a decline in profit for the second quarter, hurt by a 14% decline in revenue reflecting challenging industry-wide revenue per available room or RevPAR environment and significant decline in domestic hotel transactions.

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Net income for the second quarter declined 6% to $25.50 million or $0.42 per share from $27.01 million or $0.43 per share in the previous year.

Total revenues for the quarter declined 14% to $143.34 million from $167.12 million a year ago.

Revenues from Hotel operations were $1.18 million, compared to $1.29 million last year. Other revenues declined to $1.17 million from $2.10 million a year ago.


EDUCATION| Wine Diploma Course in Bangalore

angalore based Christ University and UB group’s United Vintners Limited is starting a new one year long diploma in wine tasting for the first time in India on August 17, according to a communiqué.

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The course consists of three phases- foundation, intermediate and advanced levels. International experts and professors from the Hotel Management department of Christ University would be conducting the course.

The fee for the diploma course is Rs. 100,000 which includes tasting approximately 125 different types of international wines. As may be expected, the students will also be able to visit the Four Seasons Winery owned by UB in Baramati, near Pune.