FRANCHISE DISCLOSURE DOCUMENT. MARRIOTT INTERNATIONAL, INC. a Delaware corporation. MIF, L.L.C. a Delaware limited liability company
|
|
- Jared Anthony
- 6 years ago
- Views:
Transcription
1 FRANCHISE DISCLOSURE DOCUMENT MARRIOTT INTERNATIONAL, INC. a Delaware corporation MIF, L.L.C. a Delaware limited liability company Fernwood Road Bethesda, Maryland (301) Fairfield Inn/Fairfield Inn & Suites v6 (03/31/2014)
2 ITEM 19 FINANCIAL PERFORMANCE REPRESENTATIONS The FTC s Franchise Rule permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned or franchisor-managed hotels if there is a reasonable basis for the information, and if the information is included in the disclosure document. Financial performance information that differs from that included in this Item 19 may be given only if: (1) a franchisor provides the actual records of an existing hotel you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about possible performance at a particular location or under particular circumstances. 1. Certain Metrics for Smith Travel Included Franchised Hotels As of December 31, 2013, there were 705 North American (U.S. and Canada) open and operating System hotels; of these, 701 were franchised. There were 653 North American franchised hotels for which Smith Travel Research, Inc. ( Smith Travel ) data was available and which, as of December 31, 2013, were open and operating as franchised System hotels at least two years and, in the case of U.S. hotels, satisfied each of the following conditions (the Conditions ). They did not undergo at any time during the preceding two years: (1) a rooms renovation that resulted in five percent or more of the total number of available rooms at such hotel being taken out of service for the year in which the renovation occurred; (2) a public space renovation that resulted in revenue displacement during the year in which such renovation occurred of five percent or more of the annual available room nights at the average daily rate of the most recent year prior to the renovation during which the hotel satisfied each of the Conditions; and (3) an expansion that resulted in an increase in revenues of five percent or more of the annual available room nights (before the expansion) at the average daily rate of the most recent year prior to the expansion during which the hotel satisfied each of the Conditions. Such hotels are referred to as Smith Travel Included Franchised Hotels. A. Average Occupancy Rate Hotels achieved an average occupancy rate of 67.7%. The occupancy rate for the Smith Travel Included Franchised Hotels ranged from a high of 96.9% to a low of 43.2%. Three hundred twenty-seven of the Smith Travel Included Franchised Hotels (50%) achieved an average occupancy rate equal to or greater than 67.7%. The average occupancy rate is the total occupied rooms reported divided by total available rooms for the entire period. B. Average Daily Room Rate Hotels achieved an average daily room rate of $ The average daily room rate for the Smith Travel Included Franchised Hotels ranged from a high of $ to a low of $ Two hundred twenty-one of the Smith Travel Included Franchised Hotels (34%) achieved an average daily room rate equal to or greater than $ The average daily room rate is the gross room sales divided by total occupied rooms. C. Average RevPAR Hotels achieved an average revenue per available room ( RevPAR ) of $ The RevPAR of the Smith Travel Included Franchised Hotels ranged from a high of $ to a low of $ Two hundred forty-six of the Smith Travel Included Franchised Hotels (38%) achieved or exceeded the Fairfield Inn/Fairfield Inn & Suites v6 (03/31/2014) 2
3 average RevPAR of $ The average RevPAR is the gross room sales divided by total available rooms. D. RevPAR Index Hotels achieved an average RevPAR Index of 109.4%. The RevPAR Index of the Smith Travel Included Franchised Hotels ranged from a high of 224.3% to a low of 55.3%. Three hundred thirty-five Smith Travel Included Franchised Hotels (52%) achieved an average RevPAR Index equal to or greater than 109.4%. RevPAR Index measures the fair share of the amount of available revenue a hotel (or hotel brand) receives relative to its competitive set (as defined by each hotel or brand) within a given market. 2. Certain Metrics for Smith Travel Included Generation 3 Franchised Hotels Generation 3 and 4 Fairfield Inn & Suites hotels reflect the most current new construction prototype, including design standards and FF&E. Two hundred twenty-two of the Smith Travel Included Franchised Hotels are Generation 3 or 4 Fairfield Inn & Suites hotels (the Smith Travel Included Generation 3/4 Franchised Hotels ). A. Average Occupancy Rate 3/4 Franchised Hotels achieved an average occupancy rate of 68.2%. The occupancy rate for the Smith Travel Included Generation 3/4 Franchised Hotels ranged from a high of 93.9% to a low of 43.2%. One hundred eighteen of the Smith Travel Included Generation 3/4 Franchised Hotels (53%) achieved an average occupancy rate equal to or greater than 68.2%. B. Average Daily Room Rate 3/4 Franchised Hotels achieved an average daily room rate of $ The average daily room rate for the Smith Travel Included Generation 3/4 Franchised Hotels ranged from a high of $ to a low of $ Ninety-three of the Smith Travel Included Generation 3/4 Franchised Hotels (42%) achieved an average daily room rate equal to or greater than $ C. Average RevPAR 3/4 Franchised Hotels achieved an average RevPAR of $ The RevPAR of the Smith Travel Included Generation 3/4 Franchised Hotels ranged from a high of $ to a low of $ One hundred one of the Smith Travel Included Generation 3/4 Franchised Hotels (46%) achieved or exceeded the average RevPAR of $ D. RevPAR Index 3/4 Franchised Hotels achieved an average RevPAR Index of 112.1%. The RevPAR Index of the Smith Travel Included Generation 3/4 Franchised Hotels ranged from a high of 191.7% to a low of 71.2%. One hundred five Smith Travel Included Generation 3/4 Franchised Hotels (48%) achieved an average RevPAR Index equal to or greater than 112.1%. Fairfield Inn/Fairfield Inn & Suites v6 (03/31/2014) 3
4 3. Reservations During 2013, Marriott Worldwide Reservations received 1,816,361 inquiries for System hotels worldwide through our domestic and international reservations numbers ( Voice Reservations ), which resulted in 1,494,210 gross room nights booked for System hotels worldwide. In addition, 11,149,035 gross room nights worldwide were generated through Marriott.com, global distribution systems ( GDS ), and certain online travel agencies such as Orbitz, Travelocity, and Expedia ( OTAs ). The total number of gross room nights booked for all System hotels worldwide through Voice Reservations, Marriott.com, GDS, and OTAs (collectively, the Marriott Channels ) was 12,643,245, and out of that number 12,619,940 gross room nights were booked for all North American (U.S. and Canada) System hotels. There were 653 North American franchised System hotels that, as of December 31, 2013, were open and operating as franchised System hotels at least two years and, in the case of U.S. hotels, satisfied each of the Conditions (the North American Included Franchised Hotels ). During 2013, the average number of gross room nights booked through the Marriott Channels for North American Included Franchised Hotels was 17,474 gross room nights per hotel. Gross room nights for hotels ranged from5,569 for a small North American Included Franchised Hotel with fewer than 50 rooms to 111,226 for a North American Included Franchised Hotel with more than 240 rooms. Two hundred fifty-two of the North American Included Franchised Hotels (38.6%) had more than 17,474 gross room nights booked through the Marriott Channels. As a percentage of gross room nights per hotel, the percentage booked through the Marriott Channels for North American Included Franchised Hotels in 2013 ranged from 23.3% to 91.1%, and the average percentage was 57.6%. Three hundred twenty-three of the North American Included Franchised Hotels (49.5%) had at least 57.6% of their gross room nights booked through the Marriott Channels. Of the North American Included Franchised Hotels, 222 are Generation 3 or 4 Fairfield Inn & Suites hotels (the Generation 3/4 North American Included Franchised Hotels ). During 2013, the average number of gross room nights booked through the Marriott Channels for Generation 3/4 North American Included Franchised Hotels was 16,442 gross room nights per hotel. Gross room nights for hotels ranged from5,854 for a small Generation 3/4 North American Included Franchised Hotel with fewer than 56 rooms to 43,743 for a Generation 3/4 North American Included Franchised Hotel with more than 163 rooms. Ninety-four of the Generation 3/4 North American Included Franchised Hotels (42.3%) had more than 16,442 of their gross room nights booked through the Marriott Channels. As a percentage of gross room nights per hotel, the percentage booked through the Marriott Channels for Generation 3/4 North American Included Franchised Hotels in 2013 ranged from 25.4% to 78.3%, and the average percentage was 54.4%. One hundred eleven of the Generation 3/4 North American Included Franchised Hotels (50.0%) had at least 54.4% of their gross room nights booked through the Marriott Channels. 4. Marriott Rewards All references to Marriott Rewards include both The Ritz-Carlton Rewards and the Marriott Rewards programs. Marriott Rewards has approximately 45 million members worldwide, and over 3,700 hotels and resorts in 71 countries participate in Marriott Rewards. For the one-year period ended December 31, 2013, hotel guests at North American Included Franchised Hotels who were members of Marriott Rewards generated Marriott Rewards eligible revenue that was approximately 57% of the total room night revenue at such hotels, with an average daily spend of $106. The total of all Marriott Rewards room nights for such North American Included Franchised Hotels was approximately 7,693,000, generating approximately $818,868,000 in room revenue, not including taxes and tips. For such North American Included Franchised Hotels, Marriott Rewards members paid for an average of 11,800 room nights. These Marriott Rewards hotel room nights ranged from 4,700 to 33,800 and 290 North American Included Franchised Hotels (44%) achieved or exceeded the average of 11,800 paid Marriott Rewards room nights. Fairfield Inn/Fairfield Inn & Suites v6 (03/31/2014) 4
5 For the one-year period ended December 31, 2013, hotel guests at Generation 3/4 North American Included Franchised Hotels who were members of Marriott Rewards generated Marriott Rewards eligible revenue that was approximately 59% of the total room night revenue at such hotels, with an average daily spend of $105. The total of all Marriott Rewards room nights for such Generation 3/4 North American Included Franchised Hotels was approximately 2,781,000, generating approximately $291,533,000 in room revenue, not including taxes and tips. For such Generation 3/4 North American Included Franchised Hotels, Marriott Rewards members paid for an average of 12,500 room nights. These Marriott Rewards hotel room nights ranged from 5,500 to 24,300 and 97 Generation 3/4 North American Included Franchised Hotels (44%) achieved or exceeded the average of 12,500 paid Marriott Rewards room nights. 5. Bases and Assumptions Smith Travel, an independent research firm servicing the travel industry, compiles occupancy rate, average daily room rate, RevPAR, RevPAR Index, and other relevant information concerning the lodging industry and is used by substantially all of the major lodging companies for tracking this data. The information in this Item 19 used in calculating average occupancy rate, average daily room rate, average RevPAR, and RevPAR Index was compiled and reported by Smith Travel, and such information has not been audited or otherwise confirmed by us. The data in this Item 19 regarding reservations and Marriott Rewards was not provided by Smith Travel, but instead was drawn from Marriott s internal databases. Because of Smith Travel s minimum competitive set reporting requirements, some hotels that are North American Included Franchised Hotels and are reflected in Marriott s internal databases may not be included in the Smith Travel data and, as a result, would not be Smith Travel Included Franchised Hotels. These statements relate to historical performance of franchised North American System hotels that satisfy certain criteria as detailed above and are not guarantees of future performance. The figures above were based on hotels with at least two years of operating results. Hotels typically achieve lower results in their first year of operation. We do not claim or expect that you can or will expect to achieve the same average occupancy rate, average daily room rate, average RevPAR, RevPAR Index, reservations, or Marriott Rewards room nights, as these figures will vary from hotel to hotel and will depend upon many variables and factors, including size, location, seasonality, competition, general economic conditions, the length of time your hotel has been open or affiliated with us, the condition and attractiveness of the hotel, the perception of your hotel by customers utilizing our distribution channels, the reputation for quality of service at the hotel, how effectively you participate in our programs and market your affiliation with us, and the efficiency with which you operate your hotel. Operating results are subject to numerous risks and uncertainties, including economic conditions, public reaction to terrorist attacks and political unrest, supply and demand changes for hotel rooms, competitive conditions in the hospitality industry, relationships with customers and property owners, and the availability of capital. YOUR RESULTS ARE LIKELY TO DIFFER SUBSTANTIALLY FROM THE DATA AND RESULTS INDICATED ABOVE AND THERE IS NO ASSURANCE YOU WILL DO AS WELL. IF YOU RELY UPON THE DATA AND RESULTS ABOVE, YOU MUST ACCEPT THE RISK OF NOT DOING AS WELL. We will provide you with written substantiation of the data used in preparing this Item 19 upon your reasonable request. The information described above that was provided to us by third parties has not been audited or otherwise verified by us. We are under no obligation to disclose specific information for a particular hotel in the system. Fairfield Inn/Fairfield Inn & Suites v6 (03/31/2014) 5
6 Other than the preceding financial performance representation, we do not make any financial performance representations. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor s management by contacting Eric Jacobs, Fernwood Road, Bethesda, MD, (301) , the Federal Trade Commission, and the appropriate state regulatory agencies. Fairfield Inn/Fairfield Inn & Suites v6 (03/31/2014) 6
FRANCHISE DISCLOSURE DOCUMENT. MARRIOTT INTERNATIONAL, INC. a Delaware corporation. MIF, L.L.C. a Delaware limited liability company
FRANCHISE DISCLOSURE DOCUMENT MARRIOTT INTERNATIONAL, INC. a Delaware corporation MIF, L.L.C. a Delaware limited liability company 10400 Fernwood Road Bethesda, Maryland 20817 (301) 380-3000 www.marriott.com
More informationFRANCHISE DISCLOSURE DOCUMENT. MARRIOTT INTERNATIONAL, INC. a Delaware corporation. MIF, L.L.C. a Delaware limited liability company
FRANCHISE DISCLOSURE DOCUMENT MARRIOTT INTERNATIONAL, INC. a Delaware corporation MIF, L.L.C. a Delaware limited liability company 10400 Fernwood Road Bethesda, Maryland 20817 (301) 380-3000 www.marriott.com
More informationVisit LaQuintaFranchise.com or call
Visit LaQuintaFranchise.com or call 866.832.6574 ABOUT LA QUINTA La Quinta Inns & Suites More than 42 years of success The largest owner/operator of select-service hotels Strong brand awareness A leading
More informationAloft - Element. By Marriott & starwood Hotel. SeaWorld Orlando, Florida
Aloft - Element By Marriott & starwood Hotel SeaWorld Orlando, Florida CONFIDENTIALITY AND DISCLAIMER The potential investments identified herein, if available, would be available only to an accredited
More informationMARRIOTT INTERNATIONAL, INC. PRESS RELEASE SCHEDULES QUARTER 4, 2016 TABLE OF CONTENTS
PRESS RELEASE SCHEDULES QUARTER 4, 06 TABLE OF CONTENTS Consolidated Statements of Income - As Reported A- Consolidated Statements of Income - Fourth Quarter Adjusted 06 Compared to Combined 05 A-3 Consolidated
More informationRed Roof Inn Tip the Scales: Brand Resources That Can Maximize Your Profits
Red Roof Inn Tip the Scales: Brand Resources That Can Maximize Your Profits Prepared by and republished with the express permission of Phil Hugh, Red Roof Inns and Suites Disclaimer AAHOA does not provide
More informationVisit Loudoun 2016 Lodging Market Research
2016 Lodging Market Research Prepared for: Loudoun County Lodging Market Research & Analysis Study Conducted: November December 2016 Final Report Submitted: December 2016 2016 Lodging Market Analysis Summary
More informationMARRIOTT INTERNATIONAL 2017 SECURITY ANALYST MEETING. March 21, 2017
MARRIOTT INTERNATIONAL 2017 SECURITY ANALYST MEETING March 21, 2017 FORWARD LOOKING STATEMENTS, NON GAAP FINANCIAL MEASURES, AND INFORMATION FOR 2016 AND 2015 This material contains forward looking statements
More informationSTARWOOD HOTELS & RESORTS WORLDWIDE BAIRD GROWTH STOCK CONFERENCE MAY 7, 2015
STARWOOD OTELS & RESORTS WORLDWIDE BAIRD GROWT STOCK CONFERENCE MAY 7, 2015 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of federal securities regulations.
More informationMarriott International Reports Third Quarter 2016 Results
November 7, 2016 Marriott International Reports Third 2016 Results BETHESDA, Md., Nov. 7, 2016 /PRNewswire/ -- HIGHLIGHTS Marriott International's acquisition of Starwood Hotels & Resorts Worldwide closed
More informationLodging Outlook. Canadian August What Does a Franchise Cost? computers and reservation personnel.
Canadian August 2005 Lodging Outlook SMITH TRAVEL RESEARCH What Does a Franchise Cost? By: Stephen Rushmore, MAI, CHA - HVS International - New York T he selection of an appropriate hotel franchise affiliation
More informationDecember 1, Tim Martin Executive Director Stephens County Development Authority 31 W. Doyle Street Toccoa, GA
December 1, 2017 Tim Martin Executive Director Stephens County Development Authority 31 W. Doyle Street Toccoa, GA 30577 tim@scda.biz Dear Mr. Martin, We are pleased to present this summary letter report
More informationCompustat. Data Navigator. White Paper: Lodging Industry-Specific Data
Compustat Data Navigator White Paper: Lodging Industry-Specific Data November 2008 Data Navigator: Lodging Industry-Specific Data There are several important lodging metrics to that are unavailable on
More informationMARRIOTT INTERNATIONAL 2017 SECURITY ANALYST MEETING. March 21, 2017
MARRIOTT INTERNATIONAL 2017 SECURITY ANALYST MEETING March 21, 2017 FORWARD LOOKING STATEMENTS, NON GAAP FINANCIAL MEASURES, AND INFORMATION FOR 2016 AND 2015 This material contains forward looking statements
More informationMARRIOTT INTERNATIONAL 2017 SECURITY ANALYST MEETING. March 21, 2017
MARRIOTT INTERNATIONAL 2017 SECURITY ANALYST MEETING March 21, 2017 FORWARD LOOKING STATEMENTS, NON GAAP FINANCIAL MEASURES, AND INFORMATION FOR 2016 AND 2015 This material contains forward looking statements
More informationTHE PENNSYLVANIA STATE UNIVERSITY SCHREYER HONORS COLLEGE DEPARTMENT OF HOTEL, RESTAURANT AND INSTITUTIONAL MANAGEMENT
THE PENNSYLVANIA STATE UNIVERSITY SCHREYER HONORS COLLEGE DEPARTMENT OF HOTEL, RESTAURANT AND INSTITUTIONAL MANAGEMENT FEASIBILITY STUDY FOR THE PURCHASE OF AN EXISTING HOTEL PROPERTY DANIELLE LABREE Spring
More informationForward Looking Statements
Forward Looking Statements These presentations contain forward-looking statements within the meaning of federal securities laws. These forward-looking statements generally can be identified by phrases
More informationInvestor Update Issue Date: April 9, 2018
Investor Update Issue Date: April 9, 2018 This investor update provides guidance and certain forward-looking statements about United Continental Holdings, Inc. (the Company or UAL ). The information in
More informationSignificant Highlights: October 2007
Property Manager Survey Occupancy Rates Participating Palm Beach County (PBC) property managers reported an average occupancy rate of 59.6% for October 2007, this is comparable with October 2006 (62.0%).
More informationJP Morgan Internet Conference. Michelle Peluso. New York March 13, 2006 C O N F I D E N T I A L
JP Morgan Internet Conference Michelle Peluso New York March 13, 2006 2005 Accomplishments & Financial Results 2 Travelocity 2005 Accomplishments Acquired lastminute.com, significantly increasing scale
More informationQ3 FY18 Business Highlights
Q3 FY18 RESULTS Q3 FY18 Business Highlights 1 2 3 4 5 6 7 Record passengers 7.1m, record revenues 423m Investing in growth 24% passenger growth in Q3 Disciplined cost management flat ex-fuel CASK Largest
More informationUnited Global Performance Commitment 2017
United Global Performance Commitment 2017 A PERFORMANCE COMMITMENT FOR THE COMPLETE TRAVEL PROCESS OUR COMMITMENT The most comprehensive and competitive performance commitment industry-wide. 1 More On
More informationJazz Air Air Income Fund Fund
Jazz Air Air Income Fund Fund JOE RANDELL National President Bank Financial & CEOInc. Fifth Annual Transportation NATHALIE & Logistics MEGANN Conference Director, - Toronto Corporate Communications and
More informationNEW AND IMPROVED. ROYAL CARIBBEAN Scope & Changes DEPOSITS AND FINAL PAYMENTS DEFINITIONS, SIZE REQUIREMENTS AND LIMITS
NEW AND IMPROVED G R O U P S Y O U R WAY ROYAL CARIBBEAN Scope & Changes The policies contained in these Groups Your Way Group Policies (the Group Policies ) of Royal Caribbean International ( Royal Caribbean
More informationMarriott International, Inc. : Travel and Tourism - Company Profile, SWOT and Financial Analysis
Marriott International, Inc. : Travel and Tourism - Company Profile, SWOT and Financial Analysis Marriott International, Inc. : Travel and Tourism - Company Profile, SWOT and Financial Analysis The Business
More informationSUPPLY AND DEMAND ANALYSIS
SUPPLY AND DEMAND ANALYSIS The objectives of the supply and demand analysis are to: 1. Identify those hotels that constitute direct competition to the proposed hotel. 2. Estimate the occupancy levels,
More informationPROJECTED UTILIZATION OF THE PROPOSED HOTEL
PROJECTED UTILIZATION OF THE PROPOSED HOTEL The supply and demand analysis included general overviews of the Frostburg, Maryland market area, a detailed analysis of the properties projected to provide
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K CURRENT REPORT
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event
More informationPREFERRED HOTELS & RESORTS
PREFERRED HOTELS & RESORTS SUMMARY Using data provided by STR Analytics, HVS evaluated the performance of the 72 hotels affiliated with (PHR) in North America. The study focused on the performance of the
More informationAsset Manager s Report to the DRA Board
Asset Manager s Report to the DRA Board March 2013 HILTON VANCOUVER WASHINGTON DASHBOARD SUMMARY MARCH 2013 1 PERFORMANCE RELATIVE TO THE COMPETITIVE SET The following table summarizes the Hotel s revenue
More informationParques Reunidos Expands to Australia with the Acquisition of Wet n Wild Sydney July 2018
Parques Reunidos Expands to Australia with the Acquisition of Wet n Wild Sydney July 2018 Disclaimer This document does not constitute or form part of any purchase, sales or exchange offer, nor is it an
More informationForward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor
2017 Annual Meeting of Shareholders Presentation May 2017 Forward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor statements"
More informationMarch 4, Investor Conference
March 4, 2014 Investor Conference Disclaimer This Investor Presentation is provided for your general information and convenience only, is current only as of its date and does not constitute an offer to
More informationManaging Unclaimed Property Risks in the Music Industry
Managing Unclaimed Property Risks in the Music Industry Crowe TM Unclaimed Property Solution Audit Tax Advisory Risk Performance The complex economics of the music industry are undergoing considerable
More informationMGM Resorts International Reports Second Quarter Financial Results
NEWS RELEASE MGM Resorts International Reports Second Quarter Financial Results 8/5/2014 Consolidated Adjusted EBITDA Increased 8%, Led By 10% Growth In Wholly Owned Domestic Resorts MGM China Declares
More informationBAML 2017 Japan Conference The Opportunity For Integrated Resorts In Japan
BAML 2017 Japan Conference The Opportunity For Integrated Resorts In Japan September 7, 2017 Jim Murren Chairman and CEO MGM Resorts International AGENDA 1. MGM Resorts Who We Are 2. The Japan Opportunity
More informationRESOLUTION NO
Page of 0 0 RESOLUTION NO. 0- A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF BROWARD COUNTY, FLORIDA, PERTAINING TO RATES, FEES, AND CHARGES AT FORT LAUDERDALE-HOLLYWOOD INTERNATIONAL AIRPORT; AMENDING
More information2018 City of Houston Investor Conference. Kenneth Gregg, Interim Deputy Director of Finance
2018 City of Houston Investor Conference Kenneth Gregg, Interim Deputy Director of Finance April 24, 2018 1 Disclaimer This Investor Presentation is provided for your general information and convenience
More informationWYNDHAM REWARDS FRONT DESK GUIDE
WYNDHAM REWARDS FRONT DESK GUIDE Updated May 8, 2015 1 WYNDHAM REWARDS BUILDING OUR MAGIC To Our Valued Wyndham Rewards Ambassadors: Welcome to the revolutionary Wyndham Rewards Program the simplest and
More informationWorking Draft: Time-share Revenue Recognition Implementation Issue. Financial Reporting Center Revenue Recognition
March 1, 2017 Financial Reporting Center Revenue Recognition Working Draft: Time-share Revenue Recognition Implementation Issue Issue #16-6: Recognition of Revenue Management Fees Expected Overall Level
More informationCiti Industrials Conference
Citi Industrials Conference June 13, 2017 Andrew Levy Executive Vice President and Chief Financial Officer Safe Harbor Statement Certain statements included in this presentation are forward-looking and
More informationOccupancy in North Carolina
Smith Travel Research Year-End 2009 Lodging Report Year-end 2009 hotel/motel occupancy was down -9.0% statewide from 2008. This represents a decrease of -12.2% since 2005. o The US occupancy was down -8.6%
More informationThe Power of ONE. New 2017: Homewood Suites Allentown, PA
The Power of ONE New 2017: Homewood Suites Allentown, PA Together as Welcome to ONE Lodging Management, a hospitality management company that has evolved from its founders decades-long record of creating
More informationNEW AND IMPROVED GROUPS YOUR WAY SM GUIDELINES
R NEW AND IMPROVED GROUPS YOUR WAY SM GUIDELINES ROYAL CARIBBEAN INTERNATIONAL New and Improved Groups Your Way SM Guidelines: All policies contained herein apply to U.S. and Canadian Travel Partners only.
More informationForward Looking Statements
October 2, 2012 Forward Looking Statements Certain information in this presentation may be considered forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995.
More informationSetting the Standard in Extended Stay. United States of America Development Information. Homewood Suites by Hilton Akron Fairlawn, OH
Setting the Standard in Extended Stay United States of America Development Information Homewood Suites by Hilton Akron Fairlawn, OH Homewood Suites by Hilton Vancouver-Portland, WA Brand Overview Homewood
More informationAn outdoor waterpark is a facility offering three or more waterslides and other aquatic facilities.
Methodology for Feasibility Studies for Waterparks By David J. Sangree, MAI, CPA, ISHC Before a developer or an organization considers constructing a new indoor or outdoor waterpark at a resort or standalone,
More informationBillings Area COC. For the Month of April 2017 Date Created: May 17, 2017
United Kingdom United States Blue Fin Building 735 East Main Street 110 Southwark Street Hendersonville London SE1 0TA TN 37075 Phone: +44 (0)20 7922 1930 Phone: +1 (615) 824 8664 Fax: +44 (0)20 7922 1931
More informationPUBLIC ACCOUNTABILITY PRINCIPLES FOR CANADIAN AIRPORT AUTHORITIES
PUBLIC ACCOUNTABILITY PRINCIPLES FOR CANADIAN AIRPORT AUTHORITIES The Canadian Airport Authority ( CAA ) shall be incorporated in a manner consistent with the following principles: 1. Not-for-profit Corporation
More informationSECTION TWENTY-THREE * INCENTIVES GENERAL RULES AND REGULATIONS DEFINITIONS INTERMODAL CONTAINER DISCOUNT PROGRAM
First Revised Page... 203 Original Page... 203 DEFINITIONS INTERMODAL CONTAINER DISCOUNT PROGRAM Actual IPI Rate Reduction is the amount of the monetary reduction assessed against affirmatively claimed
More informationDowntown Boise Hotel Market Study
Hotel Market Study Prepared for: The Boise Tri-Agency Group June 15, 2015 Photo Credit: Warren Lassen 1 Scope and Methodology In evaluating the Downtown Boise lodging market we: Reviewed, identified, and
More informationEurope, Africa & Middle East Division. EAME HR Benefits Policy No. Issue/Revision Date Page StarHOT Policy B001 EAME July
StarHOT Policy B001 EAME July 2015 1 Contents What is StarHOT?... 1 Program Eligibility... 1 Starwood Preferred Guest (SPG)... 3 Program Administration... 3 STARHOT Rate... 3 Mandatory Discounts at all
More informationthe global leader in hospitality United States of America Development Information Hilton New York, NY
the global leader in hospitality United States of America Development Information Hilton New York, NY HILTON Los Cabos Beach & Golf Resort, mexico Brand overview One of the most recognized names in the
More informationProject Description. #1 Brand by Developers in New Construction Budget & Economy Segment CONSISTENTLY GR8T!
#1 Brand by Consumers in the Budget & Economy Segment CONSISTENTLY GR8T! Project Description Highest in Guest Satisfaction Among Economy/Budget Hotel Chains Eight Years in a Row #1 Brand by Developers
More informationINDEPEND ENCE REDEFINED
INDEPEND ENCE REDEFINED INDEPENDENCE REDEFINED TRADEMARK is a soft-branded collection of uppermidscale and above hotels that maintain their unique attributes. Just as no two travelers are alike Trademark
More informationEvaluating Lodging Opportunities
Evaluating Lodging Opportunities This section explores market opportunities for new lodging accommodations in the downtown area. It will help you understand travel and visitation trends, existing competition,
More informationTUI GROUP INVESTOR PRESENTATION
TUI GROUP INVESTOR PRESENTATION German Investment Conference UniCredit / Kepler Munich, 26-27 September 2012 Future-related statements This presentation contains a number of statements related to the future
More informationWashington,D.C FORM8-K
UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13OR15(d) ofthesecuritiesexchangeactof1934 DateofReport(Dateofearliesteventreported):March8,2018
More informationHotel Loyalty Programs Deliver Awards With Fewer Strings Attached
Hotel and Airline Industry Analysis - Press Release Contact: Jay Sorensen IdeaWorks Company For inquiries: 414-961-1939 Hotel Loyalty Programs Deliver Awards With Fewer Strings Attached, Shorewood, WI.--Programs
More informationMövenpick Resort Jumeirah Beach 5 Star Hotel in Jumeirah Beach Residence
Mövenpick Resort Jumeirah Beach 5 Star Hotel in Jumeirah Beach Residence Initial Offering Overview Jones Lang LaSalle Hotels MENA CONTENTS Lobby 03 Mövenpick Resort Rendering 04 Location Maps 05 View From
More informationComments on Notice of Proposed Amendment to Policy Statement U.S. Department of Transportation, Federal Aviation Administration
Comments on Notice of Proposed Amendment to Policy Statement U.S. Department of Transportation, Federal Aviation Administration POLICY REGARDING AIRPORT RATES AND CHARGES Docket No. FAA-2008-0036, January
More informationScotia Capital Transportation & Aerospace Conference. June 5, 2007
Scotia Capital Transportation & Aerospace Conference June 5, 2007 1 2 Changing the Game Changing the Game Canada s #1 domestic, trans-border and international airline Strong brand recognition Innovative
More informationJazz Air Income Fund. presented by Allan Rowe, Senior Vice President and Chief Financial Officer
Jazz Air Income Fund presented by Allan Rowe, Senior Vice President and Chief Financial Officer BMO Capital Markets 2007 Income Trust Conference Toronto, November 20, 2007 Hello. 1 Forward Looking Statement
More informationEconomic Impact of Tourism in Hillsborough County September 2016
Economic Impact of Tourism in Hillsborough County - 2015 September 2016 Key findings for 2015 Almost 22 million people visited Hillsborough County in 2015. Visits to Hillsborough County increased 4.5%
More informationQantas Group - Positioned for Growth and Sustainable Returns
Qantas Group - Positioned for Growth and Sustainable Returns Tino La Spina, Qantas Group Chief Financial Officer Macquarie Australia Conference 3 May 2018 Third Quarter 1 FY18 Trading Update Q3 trading
More informationPLACERVILLE HOTEL INCENTIVE PROGRAM
PLACERVILLE HOTEL INCENTIVE PROGRAM POLICY: The purpose of this policy is to provide an incentive program for the operation and maintenance of quality hotel facilities which enhance the tourist and travel
More informationReport Overview Vietnam Hotel Survey 2013
Report Overview Vietnam Hotel Survey 2013 This is an Executive Summary of the full 60 page Hotel Survey Report. Full copies can be obtained from Grant Thornton Vietnam. Grant Thornton Vietnam June 2013
More informationThe Relationship Between Product Quality and Revenue per Available Room at Holiday Inn
Cornell University School of Hotel Administration The Scholarly Commons Articles and Chapters School of Hotel Administration Collection 1999 The Relationship Between Product Quality and Revenue per Available
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 8-K UNITED CONTINENTAL HOLDINGS, INC. UNITED AIRLINES, INC.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationForward-Looking Statements
LOGOf 1 Forward-Looking Statements Statements in this presentation that are not reported financial results or other historical information are forward-looking statements within the meaning of the Private
More informationVenky Rangachari CTO, Wyndham Hotel Group
Venky Rangachari CTO, Wyndham Hotel Group Wyndham Worldwide Overview Wyndham Worldwide is one of the world s largest hospitality companies with over 3.8 Billion of Net Revenues (1) in 2009 World s largest
More informationClassification of Hotels
Classification of Hotels U.S. lodging industry consists of 46,000 hotels and motels AAA Diamond Award: Inspecting and rating the nation s hotels since 1977 Less than 2% are 5 Diamond AAA uses descriptive
More informationHalf Year F1 Results. November 4, 2015
Half Year F1 Results November 4, 2015 F17 Q1 Results 20 JULY 2016 Q1 BUSINESS HIGHLIGHTS Passenger growth of 18% to 5.8m pax on 17% seat growth Record underlying profit of 38.6m (+14%) despite Easter effect
More informationAccounting: Demonstrate understanding of accounting concepts for a New Zealand reporting entity (91404)
Assessment Schedule 2015 NCEA Level 3 Accounting (91404) 2015 page 1 of 9 Accounting: Demonstrate understanding of accounting concepts for a New Zealand reporting entity (91404) Assessment Criteria with
More informationShuttle Membership Agreement
Shuttle Membership Agreement Trend Aviation, LLC. FlyTrendAviation.com Membership with Trend Aviation, LLC. ("Trend Aviation") is subject to the terms and conditions contained in this Membership Agreement,
More informationJoe Randell President and Chief Executive Officer Jolene Mahody Executive Vice President and Chief Financial Officer
Joe Randell President and Chief Executive Officer Jolene Mahody Executive Vice President and Chief Financial Officer Nathalie Megann Vice President, Investor Relations and Corporate Affairs December, 2015
More informationInvestor Presentation Q2 2011
Investor Presentation Q2 Disclaimer Information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning
More informationSetting the Standard in Extended Stay. Latin America & Caribbean Development Information. Homewood Suites by Hilton Dallas-Frisco, TX
Setting the Standard in Extended Stay Latin America & Caribbean Development Information Homewood Suites by Hilton Dallas-Frisco, TX Homewood Suites by Hilton Port St. Lucie-Tradition, FL Brand Overview
More informationEconomy Extended Stay Hotels
America s Newest and Best TM Economy Extended Stay Hotels LIFETIME & LEGACY OF HOSPITALITY The visionary team behind My Place Hotels of America has been involved in nearly every aspect of the hotel business
More informationMinor International Public Company Limited
Minor International Public Company Limited Management Discussion & Analysis MINT s financial performance as of 30th June 2008 Summary of Key Financial Performance 2Q08 Performance Minor International Public
More informationAverage annual compensation received by full-time spa employees.
1 Introduction This report presents the findings from the employee compensation and benefits section of the 2017 U.S. Spa Industry Study. The study was commissioned by the International SPA Association
More informationTRENDS. IN THE HOTEL INDUSTRY Northern California AUGUST Shifts in Revenue and Expenses Improve Hotel Food and Beverage Profits
TRENDS IN THE HOTEL INDUSTRY Northern California AUGUST 2017 Shifts in Revenue and Expenses Improve Hotel Food and Beverage Profits By Robert Mandelbaum Consumer dining trends tend to be more volatile
More informationLODGING INDUSTRY PROFILE
2004 LODGING INDUSTRY PROFILE All fi gures are for year-end 2003. Figures for 2004 will not be available until mid-2005 www.ahla.com 2003 AT-A-GLANCE STATISTICAL FIGURES 47,584 properties* 4,415,696 guestrooms
More informationForward Looking Statements and Non GAAP Financial Measures
Security Analyst Meeting MARRIOTT INTERNATIONAL September 8, 2014 Forward Looking Statements and Non GAAP Financial Measures This material contains forward looking statements within the meaning of federal
More informationBillings Area COC. For the Month of December 2010 Date Created: Jan 18, 2011
1 United Kingdom United States Blue Fin Building 735 East Main Street 110 Southwark Street Hendersonville London SE1 0TA TN 37075 Phone: +44 (0)20 7922 1930 Phone: +1 (615) 824 8664 Fax: +44 (0)20 7922
More information1 Independent Hotel Study 2009 Boutique Hotel Advisors llp
Special Update for Independent Hotel Owners and Operators February, 2009 One in a series during the changing industry conditions of 2009 1 Independent Hotel Study 2009 Boutique Hotel Advisors llp Dear
More information81 STATION ROAD ASHFORD, KENT TN23 1PJ OFFICES TO LET - 1,000 17,260 SQ FT
81 STATION ROAD ASHFORD, KENT TN23 1PJ OFFICES TO LET - 1,000 17,260 SQ FT 2 LOCATION Located within close proximity to Kent House is Ashford Town Centre, which boasts a wide choice of excellent top brand
More informationSubmitted Electronically to the Federal erulemaking Portal:
121 North Henry Street Alexandria, VA 22314-2903 T: 703 739 9543 F: 703 739 9488 arsa@arsa.org www.arsa.org May 9, 2011 Docket Operations, M-30 U.S. Department of Transportation 1200 New Jersey Avenue,
More informationThe Fall of Frequent Flier Mileage Values in the U.S. Market - Industry Analysis from IdeaWorks
Issued: February 16, 2005 Contact: Jay Sorensen For inquiries: 414-961-1939 The Fall of Frequent Flier Mileage Values in the U.S. Market - Industry Analysis from IdeaWorks Mileage buying power is weakest
More informationFAIRFIELD INN & SUITES GEN 4 Proto-Model Design ARCHITECTURE AND CONSTRUCTION
FAIRFIELD INN & SUITES GEN 4 Proto-Model Design ARCHITECTURE AND CONSTRUCTION SITE SUMMARY Building Length Building Depth Land Parking 230 feet 65 feet 1.85 acres 110 spaces Site statistics based on a
More informationSteven J. Cunningham
Steven J. Cunningham Hotel Galvez & Spa A Wyndham Grand Hotel 2024 Seawall Blvd Galveston, TX 77550 Phone: 409.515.2121 Email: stcunningham@wyndham.com A 30 year hospitality veteran, Steve is Complex General
More informationTiger Airways Holdings Limited FY11 Results
Tiger Airways Holdings Limited FY11 Results May 2011 Financial Year Ended 31 March 2011 Disclaimer The information contained in this presentation (the "Information") is provided by Tiger Airways Holdings
More informationJazz Air Income Fund presented by Joseph Randell President and Chief Executive Officer
Jazz Air Income Fund presented by Joseph Randell President and Chief Executive Officer National Bank Financial Inc. Second Annual Transportation & Logistics Conference March 28, 2007 Toronto, Ontario Check
More informationQuarterly Report Doha Hotels Q Doha Q Review. Hotel Market
Quarterly Report Doha Hotels Q2 2016 Doha Q2 2016 Review Hotel Market Doha SUPPLY Doha saw an influx of 538 hotel keys in Q2 2016. The most recent openings included properties such as the Moevenpick Al
More informationCebu Air, Inc. 2Q2014 Results of Operation
Cebu Air, Inc. 2Q2014 Results of Operation 1 Disclaimer This information provided in this presentation is provided only for your reference. Such information has not been independently verified and, as
More informationFrequent Fliers Rank New York - Los Angeles as the Top Market for Reward Travel in the United States
Issued: April 4, 2007 Contact: Jay Sorensen, 414-961-1939 IdeaWorksCompany.com Frequent Fliers Rank New York - Los Angeles as the Top Market for Reward Travel in the United States IdeaWorks releases report
More informationPittsburgh Hotels: Why So Many New Ones and Who Employs All These People? Presented by: Tim Hudak, Clare Gallagher, Elizabeth Colombo & Jay Blount
Pittsburgh Hotels: Why So Many New Ones and Who Employs All These People? Presented by: Tim Hudak, Clare Gallagher, Elizabeth Colombo & Jay Blount LEGAL PRIMER: 2016 UPDATE AUGUST 5, 2016 Hotel Background
More informationAC Bid Upgrade. Terms and Conditions
AC Bid Upgrade Terms and Conditions 1. The following terms and conditions ("Terms and Conditions") shall apply to a bid ( Offer ) made by you ( you ) to Air Canada ( Airline ) for an opportunity to upgrade
More informationCHAPTER FIVE PROSPECTS FOR FUTURE ECONOMIC DEVELOPMENT
CHAPTER FIVE PROSPECTS FOR FUTURE ECONOMIC DEVELOPMENT 5.1 GENERAL The recommended type and location of future land uses in Alpine should, in part, consider potential opportunities for future economic
More informationSTARWOOD REPORTS STRONG SECOND QUARTER 2007 RESULTS
CONTACT: Jason Koval (914) 640-4429 FOR IMMEDIATE RELEASE August 2, 2007 STARWOOD REPORTS STRONG SECOND QUARTER 2007 RESULTS WHITE PLAINS, NY, August 2, 2007 Starwood Hotels & Resorts Worldwide, Inc. (NYSE:
More information