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	Golf And Resorts - Why Golf Is Still Relevant | By Darius Hatami, HVS Golf Services Monday 30 August 2010 | Golf development in the United States like other real estate asset classes, is cyclical, with booms occurring in the 1930's and the 1960's. The modern golf boom started in the 1990's and stretched into the mid 2000’s. This latest stage of golf course development began at an unprecedented rate of 400 courses a year.
	Déjà Vu: The Billion Dollar “Leakage” Continues to Drain the Hospitality Industry | By Max Starkov Monday 30 August 2010 | Back in December 2003, Smith Travel Research published a much discussed article titled, “The Billion Dollar Leak - The Impact of The Merchant Model on US Hotel Profits.” In this article the authors attempted to quantify the financial impact of third party sites on U.S. hotel industry room revenues and profits.
	Global Leaders Check-In | By Christopher J Mumford :: CEOs share the challenges and opportunities of leadership in a recession Wednesday 25 August 2010 | Eighteen months of global recession can feel like a painfully long time when each day’s results make for depressing reading and the longed for upturn is still out of reach. Eighteen months of global recession can however fly by when there are new efficiencies to create and implement, restructurings to execute, and fresh strategies to deliver.
	Recovery or Double Dip? By Keith Kefgen :: Did CEO pay follow the dramatic fall of the US economy in 2009? HVS Executive Search presents this and other findings in our annual CEO survey of the US hotel industry Monday 23 August 2010 | Economists are actively debating whether the US is headed for an economic recovery or a double dip. For CEOs in the lodging industry, 2009 was one of the worst operating performance years in the industry’s history. One would have probably assumed that executive pay also fell dramatically in 2009; not exactly.
	Trophies and Treasure | By Scott Smith, MAI Thursday 19 August 2010 | Given the minimal transaction activity that has occurred during 2009 and 2010, it has been a challenge to assess the state of the U.S. hotel real estate market.
	Beirut blossoms: New hotels open at right time Monday 16 August 2010 | The latest hotels in Beirut could not have timed their entrance to the market much better. The new properties in the Lebanese capital are benefitting from the recent upswing in revenue per available room as illustrated by data from STR Global, the leading provider of market information to the global hotel industry.
	STR reports US hotel performance for week ending 7 August 2010 Monday 16 August 2010 | The U.S. hotel industry reported increases in all three key performance measurements during the week of 1-7 August 2010, according to data from STR.
	HIP: Business expansion probability remains 100% Monday 16 August 2010 | The Hotel Industry’s Pulse index, or HIP, increased 3.8 percent in July after edging up 2 percent in June, according to economic research firm e-forecasting.com in conjunction with STR.
	HVS EMEA Hospitality Newsletter - Week Ending 13 August 2010 Monday 16 August 2010 | Riyadh To Be Endowed With Two New Hiltons | A Ramada Plaza For Sharm El Sheikh | A Right Royal Venture | Herve Humler To Preside Over Ritz-Carlton | InterContinental Hotels Group Reports Its Half-Year Results | From London In September… | …To Venice In October | Gladen’s Tidings
	STR: US hotel pipeline for July 2010 Thursday 12 August 2010 | The total active U.S. hotel development pipeline comprises 3,412 projects totaling 359,264 rooms, according to the July 2010 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 26.4-percent decrease in the number of rooms in the total active pipeline compared to July 2009.

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