This Week's Herman Trend Alert Cyberbullying---a Growing Problem

The Herman Trend Alert March 11, 2009 Global Hospitality's Near-term Future A recently released study, conducted by Ernst & Young, LLP, reflects some interesting developments in the hotel industry. Throughout 2009, contracting economies and reduced leisure/business travel across much of the world will continue to put pressure on global hotel markets. Operating performance in the global hotel industry remained profitable, because most hoteliers focused on controlling costs and preserving the bottom line. As a result of the challenging economy, hotel operators will continue to concentrate more of their energies on cost reduction, improving operating efficiencies, reaching out to guests via enhanced Internet communication, and strengthening their brands through an emphasis on green principles. In its market reports and in-depth analysis of the main lodging segments, The 2009 Lodging Report carries an overview of global, including US, hotel sectors. The report also features ten main areas on trends and issues to watch in this sector in 2009. Here are some highlights: With further contraction in the economy, hotel values will continue their decline in 2009. Expect cash-rich buyers to exercise their advantage and buy commercial real estate at fire-sale prices with numerous transactions before year's-end. Hotel companies moving quickly to pare overhead at the corporate and property levels will not only save money, but will position their enterprises to be more dominant players for the next cycle. A recent Google survey suggested that one-third of travelers made accommodation decisions, based on reviews found online. This year will see wise hotel operators improving their Internet brand presence. While no region of the world is immune to financial turmoil, regions such as. Hotels in Asia Pacific, the Middle East and North Africa, and Latin America may offer stronger investment alternatives during this slow down. These regions have large and growing economies and populations with a relative scarcity of lodging. Look for China, India, Vietnam, and Brazil to have the leading future growth markets. Green hotels are gaining momentum throughout the world. Cruise operators have downsized their offerings, cutting some expensive international routes in favor of cheaper and shorter routes from Baltimore and Miami. US hotels will benefit from the funneling of additional federal dollars into US infrastructure. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." DISCOVER WHAT’S REALLY GOING ON... in the hearts and minds of your employees. Our InnerViews interviewing service uses SPHRs and PHRs, certified human resource professionals to probe for the information you really need to know. Exit and Stay Interviews, as well as Why-Didn't-You-Take-Our-Offer Interviews. Call Rosalie Catalano at 937-416-7066, or read more at: http://www.hermangroup.com/retentionconnection/exit_interviews.html. MOM ALWAYS TAUGHT IT WAS GOOD TO SHARE You have probably subscribed to The Herman Trend Alert for a while now and you know how valuable it is to you. Why not suggest that your friends sign up at http://www.hermantrendalert.com? Join the thousands who subscribe in 87 countries around the globe. Are there particular topics you'd like to see covered? Let us know and we will research "The Future of. . .". And let us know how else we may serve you? E-mail: joyce@hermangroup.com. YOUR EMPLOYEES NEED THEIR LEADERS MORE THAN EVER Help your leaders to excel. Thousands have used our weekly Lessons in Leadership to help their supervisors and managers remember how to hold onto top talent. The 52-week subscription is only $47, a bargain when you think about the savings to your organization in reduced turnover. Quantity discounts available by emailing Carol at carol@hermangroup.com. Order today at: http://www.hermangroup.com/store/subscription_all.html#3. Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is received by over 30,000 subscribers in 78 countries, in addition to other websites and printed magazines. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Trend Alert service. Click here to sign up for the Herman Trend Alert. Subscribe or Unsubscribe to weekly Herman Trend Alert View this week's Herman Trend Alert Archived Weekly Herman Trend Alerts

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