Hotel chains join effort to keep unsafe cribs out of rooms

Article Abstract:

An initiative promoting safe hotel cribs has been strengthened by the participation of six hotels which have joined the Consumer Product Safety Commission (CPSC)-sponsored campaign. The hotels that have adopted the CPSC guidelines are Wyndham, Omni, Hilton, Hyatt, Aero Inn and Starwood. Other hotels have integrated parts of the CPSC initiative, including Choice Hotels and Marriott. Hotels must come up with a program that adhere to the guidelines of the CPSC to be considered part of the initiative.

Marketing procedures

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Hotels suffer as firm cut back on costs for meetings

Article Abstract:

Hotel revenues have suffered after businesses have scaled back on travel costs brought about by a slowing US economy. Cancelled bookings for hotel meeting space have also risen to 4% during the first quarter of 2001, according to Bjorn Hanson, hotel consultant for PriceWaterhouseCoopers. Hanson added that hotel revenue per available room would only grow by 2.8% in 2001, the smallest amount since 1992, due to a decline in business meetings.

Market information - general

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Cendant buys Galileo for $2.9B to set up own Net travel site

Article Abstract:

Cendant is buying Galileo, the world's second-largest computerized airline reservation system, for $2.9 billion in cash and stock. Cendant, which owns Days Inn and Avis, will use Galileo to create an Internet travel site that will compete against Travelocity, Expedia and Priceline. Moreover, ownership of Galileo will enable Cendant to collect booking fees for reservations made on 500 airlines.

Asset sales & divestitures, Acquisitions & mergers, Hotels and motels, Business services, not elsewhere classified, All Other Travel Arrangement and Reservation Services, Airline Reservation Services, Brief Article, Abstract, Airline reservations, CD, Avis Budget Group Inc., Galileo

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