Industry Summits
Hotels, casinos eye overseas risk, rewards
LOS ANGELES (Reuters) - U.S. hoteliers and casino operators have set their sights on expanding overseas, particularly in Asia, but opinions differ on which sectors present the least economic and political risk. Full Article
Las Vegas debates how Macau will grow
LOS ANGELES (Reuters) - The biggest bet in Macau is how fast luxury shopping and other non-gambling pleasures will take off in the Chinese casino enclave, and the Las Vegas players putting chips on the table agreed this week. Full Article | Video
Travel Web sites clamp down on bogus reviews
LOS ANGELES (Reuters) - Travel Web sites, such as Priceline.com Inc. and Expedia Inc., are clamping down on fake online consumer reviews of hotels, which could undermine a growth area. Full Article
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Hotels seek out next big thing in the lobby
LOS ANGELES (Reuters) - Hotel guests really shouldn't miss the next big thing in lodging: the lobby. Full Article
Strategic Hotels plans upgrades
LOS ANGELES (Reuters) - Strategic Hotels & Resorts Inc. , which invests in luxury hotels, plans to spend $500 million to $750 million in capital expenditures over the next three years as it focuses on expanding and upgrading hotels rather than buying new properties, its chief executive said on Wednesday. Full Article | Video
Starwood eyeing high-end chains
LOS ANGELES (Reuters) - Starwood Hotels & Resorts Worldwide Inc. , owner of the Sheraton, Westin and St. Regis chains, is exploring high-end acquisitions outside the United States, a top executive said on Wednesday. Full Article | Video
Marriott sees fees at peak levels soon
LOS ANGELES (Reuters) - Marriott International Inc. , the top U.S. hotel operator, expects to come close to a milestone in terms of profit levels at its hotels this year, its chief financial officer said on Wednesday. Full Article | Video
Hotel values soar as private equity prowls
LOS ANGELES (Reuters) - The value of hotels in North America is high and rising, spurred by roaring demand for properties and strong interest from cash-rich private equity firms. Full Article | Video
Hotelier bemoans New Orleans patch job
LOS ANGELES (Reuters) - Lack of progress in New Orleans is frustrating the hotel developer who launched plans for a jazz park last year to revitalize the hurricane-ruined city. Full Article
Atlantic City seen playing second fiddle to Macau
LOS ANGELES (Reuters) - A new wave of investment is buoying Atlantic City, but the New Jersey gambling center long overshadowed by Las Vegas faces a new rival that puts a dampener on its success: the Chinese gambling enclave of Macau. Full Article
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