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The STR Forecast

During this year’s Hotel Data Conference at the Gaylord Opryland Resort and Conference Center in our hometown Nashville, Tenn., STR presented the adjusted forecast for the remainder of this year and for 2012. As always, new economic data and our ...

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How to Handle a DOL Audit

If you receive a letter in the mail containing that sentence, you will have been added to what will soon be a long list of hotels investigated by the Wage and Hour Division (WHD) of the U.S. Department of Labor. ...

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Revenue on the Rise

After suffering through record-breaking declines in revenues and profits during 2009, it is not surprising that U.S. hoteliers were a bit conservative when preparing their operating budgets for 2010. In the fall of 2009 (when the 2010 budgets were being ...

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Michael Palmer, K Hotels

It was 20 years ago when Michael Palmer became a hotel owner, purchasing a Hilton hotel in Ventura County, Calif. It was his first foray into the hotel business. He’d gone through college planning on a different type of career, ...

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Trade Wins

I purchased a nine-room boutique Inn in 2002 and for the past six years I have sold empty rooms during my off-season for trade dollars. As a result, I have generated $50,000 in value that I use to trade for ...

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