Power Tools for Resort Property Specialists

Expect the itemized bill that's slid under your hotel room door to take a hike upward! A study conducted by Atlanta-based PKF Hospitality Research found that hotel property taxes increased by at least 10% in eight cities, such as Miami, Charlotte, and Washington. Dallas skyrocketed to 19 percent! According to CEO of Strategic Hotels & Resorts,
Laurence Geller, "It's part and parcel of real estat being more valuable... You have to get more yield to justify holding the real estate." U.S. hotels are also expected to spend roughly $5 billion on improvements, as well. These costs, as well as higher taxes, will be counterbalanced by raising room rates.

Posted on July 13 at 11:46 AM | Permanent Link | Add a Comment (0) | TrackBacks (0)

More hotels are allowing four-legged family members to join in on vacation time in attempts to coax customers to their properties. According to the American Pet Products Manufacturers Association, roughly "63 percent of U.S. households have a pet, and a survey by the American Animal Hospital Association found that 67 percent" of pet owners travel with their furry pals. Dogs and cats don't just get a bed and a treat, either. Posh amenities such as dog-walking, pet-sitting, grooming, and even surfing lessons for dogs, abound. According to the creator of Petfriendlytravel.com, baby boomers have plenty of cash to spend on pets and they're more apt to stay at a hotel that allows pets even if Fido isn't along for the ride.

Posted on July 9 at 03:10 PM | Permanent Link | Add a Comment (0) | TrackBacks (0)