February 21, 2008 Today's Headlines: MGM Executive Bearish On Near-Term Vegas Growth Decline In Overseas Travel To America Persists Utah: Hilton Makes Debut In Ski Resort Sector India: Interstate In Venture With JHM Banyan Tree CEO On Balancing Leadership, Management Norway: Scandic To Open At Oslo Airport Wyndham Offers Reward Points To Loyalty Club Members India: Royal Orchid To Open 10 Properties MGM Executive Bearish On Near-Term Vegas Growth Before the financial markets sputtered and the economy soured, the folks paid to promote Las Vegas boasted that within a few years, more than 40,000 new hotel rooms would sprout on the horizon. A Las Vegas Strip executive now doubts even half that many will be built. Read the full story >> ADVERTISEMENT F&B Info for F&B Professionals Stay ahead of all things culinary in the world of hotelkeeping. Sign up for HOTELS’ free monthly briefing for food and beverage professionals. Get F&B news, menu ideas, and product information directly from HOTELS’ editors. Click here to sign up for a free subscription. Decline In Overseas Travel To America Persists New government data reveal that the United States continues to suffer from a decline in overseas arrivals despite a worldwide boom in international travel and an extraordinarily favorable exchange rate. Read the full story >> Utah: Hilton Makes Debut In Ski Resort Sector The Waldorf=Astoria Collection and DuVal Development announced today the signing of the Dakota Mountain Lodge, a Waldorf=Astoria Collection hotel and the luxury brand's and Hilton Hotels Corp.'s first ski management property. Read the full story >> India: Interstate In Venture With JHM Interstate Hotels & Resorts has formed a 50-50 joint venture partnership with JHM Hotels to operate and selectively invest in hotels in India. Read the full story >> Banyan Tree CEO On Balancing Leadership, Management Most CEOs are either great at inspiring and cheerleading or technocrats who excel at bureaucracies, committees and reports, says Banyan Tree CEO Ho Kwon Ping. A successful CEO must be both. Read the full story >> Norway: Scandic To Open At Oslo Airport Scandic has announced its third new hotel in Norway in as many months. Scandic Oslo Airport is scheduled to open by the end of 2009. Read the full story >> Wyndham Offers Reward Points To Loyalty Club Members Members of the Wyndham Hotels and Resorts guest recognition program, Wyndham ByRequest, now earn TripRewards points towards free stays and retail merchandise in addition to the complimentary benefits and personalized services they traditionally enjoyed. Read the full story >> India: Royal Orchid To Open 10 Properties Royal Orchid Hotels Ltd. will set up a joint venture firm with Parvsnath Hotels to develop 10 new properties in India. Read the full story >> Click here for all news headlines ADVERTISEMENT Are yesterday’s luxury brands now commonplace? Unless today’s luxury brands focus on exclusivity rather than unit sales volumes, they may be doomed to lose their sheen and patina. Read what Strategic Hotels’ Lawrence Geller has to say in his HOTELS’ Insider blog, and post your own opinion in a comment, at www.hotelsmag.com/insider. HOTELS Food & Beverage Microsite 2008 Hotel F&B Trends Outlook Embassy Suites Unveils New Lobby Restaurant Concept The Year Of Green Big Deals, January 2008 U.S. Hotel Performance Data - December 2007 Hot Opening: Aqua Hotel, Cancun International Hotels Benchmark Survey - December 2007 Hoteliers Of The World HOTELS' Daily News Service is edited by Jeff Weinstein +1 630 288 8260. Copyright © 2007 Reed Business Information. All rights reserved. For information about sponsorship opportunities, contact David Wood +1 630 288 8267.

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