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STR Releases Upbeat Hotel Forecast

Meetings Focus - the Destination Experts
Meetings South Newsline
February 24, 2011
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Industry News
STR Releases Upbeat Hotel Forecast
The U.S. hotel industry will end 2011 with positive gains in all three major areas: occupancy, ADR (average daily rate) and RevPAR, according to a forecast update by STR.
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Embassy Suites Set for Fayetteville, N.C.
A 165-room Embassy Suites with a free-standing conference center offering 9.000 square feet of meeting space is set to open in Fayetteville, N.C., early next year.
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Meetings Nearly a Trillion-Dollar Industry
The U.S. meetings industry contributes $907 billion to the U.S. economy, generating 6.3 million jobs and providing $64 billion in federal and $46 billion in state and local tax revenue, according to a study released by PricewaterhouseCoopers and an alliance of 14 meetings industry organizations.
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MPI Foundation Partners with DMAI
The MPI Foundation has partnered with Destination Marketing Association International on a research initiative exploring the relationship between destination marketing organizations and corporate meeting professionals.
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Myrtle Beach Area Conventions & Visitors Bureau
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The Myrtle Beach area boasts first class meeting facilities, including a 250,000-square-foot convention center and a variety of hotels with ballrooms and conference room capacities. A magnificent location, mild climate and unrivaled attractions (including 60 miles of beach) are just a few of the qualities that make the Myrtle Beach area the ideal setting for any kind of gathering. Request your free Meeting Planner Guide today.

For more information click here.

 
Featured Story
Gulf Coast Meetings  

Gulf Coast Meetings

Back to the Beach

By TONY BARTLETT

While the 1,800-mile shoreline of the Gulf of Mexico has seen more than its share of upheaval due to natural and manmade disasters, the area's remarkable resiliency points to a bright year ahead.

Periodic hurricanes within the last decade decimated many destinations, which rebounded with sparkling new infrastructure. Then came the BP Deepwater Horizon oil spill last April, which resulted in lost summer business for many destinations even though actual damage to beaches was minimal.

Read more about Gulf Coast Meetings ...

 
The Peabody Orlando
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As the largest Forbes Four-Star, AAA Four Diamond hotel in the Eastern half of the United States, we are the Orlando convention hotel of choice for professional meeting planners. Known for our unparalleled blend of world-class services, facilities and unrivalled location, The Peabody Orlando features 1,641 guestrooms, 300,000 total square feet of meeting space, a 22,000-square-foot Spa, Salon and Fitness Center and ten dining and entertainment options, all connected to the Orange County Convention Center.

For more information click here.

 
Site Scene

The Star Treatment

Gaylord Opryland Resort & Convention Center, Nashville, Tenn.

By LORI TENNY

Setting the stage for legendary productions like the annual Country Music Association (CMA) Awards and the weekly Grand Ole Opry, the world's longest-running live radio program, Nashville knows how to wow a crowd, and the destination's landmark Gaylord Opryland Resort & Convention Center is no exception.

Read more The Star Treatment »

Ups & Downs

The bad times are behind us

TYLER DAVIDSON


They say that "flat is the new up," and according to a top hospitality industry consultancy, the same could be said for the hotel business in 2010, but as 2011 unfolds, expect surging occupancy rates to translate into as many room rate increases as the recovering market can bear.

"Overall in the United States [room] rate is just shy of being flat," says Lana Yoshii, vice president of content development for Hendersonville, Tenn.-based Smith Travel Research (STR). "However, that's kind of masked by New York City, which is up by almost 8 percent in average daily rate. If you throw out New York it really skews the statistics, and it's very flat."

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Visit Orlando
Click here Building relationships. Getting inspired. That's the real power of face-to-face meetings. And that inspiration leads to profitable productivity back in the office. If you haven't been to Orlando lately, our best-kept secret is how much we've grown. About 3,000 new rooms, nationally known restaurants, exclusive shopping, expanding entertainment options. Plus, we haven't lost what we're known for the most: providing great value to both meeting professionals and attendees.

Click here for more information.

 
Past Issues

Big Casino Resort Coming to Gulf Coast - 02/17/2011
NBTA Changes Name to GBTA - 02/10/2011
Convention Center Set for Kentucky - 02/03/2011
New Orleans Leads in RevPAR Growth - 01/27/2011
Convention Hotel Set for Birmingham, Ala. - 01/20/2011
PCMA Names Cities for Future Conferences - 01/13/2011
Georgia WCC Hires Sustainability Guru - 01/06/2011
Orlando CVB Becomes Visit Orlando - 12/29/2010

 
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LATEST VIDEOS
Meetings: On Location!

David Whitaker
What's the state of the resort segment of the meetings industry? Asking someone from Ritz-Carlton would be a good way to get an answer. And that's just what Chief Content Director Tyler Davidson did at the recent Luxury Meetings Forum at The Ritz-Carlton, Laguna Niguel. Marcus Pennington, Ritz's area director of operations, The Americas, provides the intelligence.
 
Meetings Focus Poll
What professional development opportunities will you have in 2011?
Go online to give us your opinion >>
 
Negotiating: The Numbers Game
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Wednesday, March 30, 2011
Join Meetings Focus and negotiation expert Bill Reed, senior vice president for Experient, one of the meetings industry's leading meeting management companies, to learn the latest negotiation strategies in these changing times. With the hospitality industry waking up after a long slumber in a cash-strapped buyer's market, now is the time to sharpen your negotiating skills.

Sponsored by: Cedar Rapids Area CVB, Knoxville Tourism & Sports Corporation, Lago Mar Resort Hotel & Club, MassMutal Center, Sonesta Hotel & Suites Coconut Grove, Grand Traverse Resort & Spa, Lied Logde & Conference Center, Chesapeake Conventions & Tourism, Las Vegas Hilton, Grand Geneva Resort & Spa, Marriott Eastern Regional Office, Utah Valley CVB,, Loews New Orleans Hotel and Loews Ventana Canyon Resort,

Visit our webinar page to register or learn more.

 

Meetings South
Hot Deals

Point Clear, AL
Grand Hotel Marriott Resort, Golf Club & Spa
$149
3/20/2011 - 3/31/2011