Noteworthy ETF Inflows: GDXJ Forbes Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Junior Gold Miners ETF (AMEX: GDXJ) where we have detected an approximate $91.3 million dollar inflow â€" that's a 4.7% ... |
sábado, 31 de março de 2012
Noteworthy ETF Inflows: GDXJ - Forbes
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quinta-feira, 29 de março de 2012
Crowded housing: Rent cuts and other concessions likely as landlords struggle to fill student housing - The Business Journal of the Greater Triad Area:
valvookimakaj1362.blogspot.com
The new construction comes in additiobn to several others completed inreceny years, including the 203-unit University Village on Walker Avenue, the 86-unig Fulton Place at the corner of West Lee and Fultojn street, and the addition of 120 units in Sebastianh Village on East Washington Street. Althougyh no one keeps track of the exact numbef of apartments aimedat students, the addition of several hundred in a few shorr years clearly represents a significant growthj in inventory in and around local campuses. Many developerds have been attracted to the relativelh steady income of student and have been enticed to build because ofgrowing enrollments.
UNCG, for example, has growj its student population 16.6 percent in five years, to 16,703 as of fall 2008. N.C. A&g has grown almost 14 percent in that same to 10,388. But by adding so many unitw in so shorta time, they’rd taking longer to sign leases, leaving many landlorde wondering how long or if, they’ll hit full “It used to be the everything was in their hands, they couls dictate the rules of the game,” said real estate brokee Ralph Jones, who is one of the developerd of the upcoming Spartan Crossing, at Sherwood and Granitw streets, near South Chapman Street. Now? “It’s a student’e market.
” Seth Coker, a partner in in said that in past years his student apartmentg complexes would have been mostly leasede for the upcoming school year by late as students made sure to securre a place as soon as they returned from spring He started to see signs of a changerlast spring, when he was leasing for the 2008-0o9 year. “We’re about 95 percent (occupied) for this schoolo year, which is really good, but it was a hard fighrt to get there, and we got there by November,” he Landlords such as Coker and Bryon executive vice president of in said many of their properties are about 40 percenty to 70 percent leased for the upcomingschool year, far behindx what it was a few years ago.
Elsewhere in the Triad, in areass surrounding and , apartment managers say their communities are mostlg on target to lease all of theiravailabled beds, and there have been few, if any, rent concessions. Propertyh owners say there simply hasn’t been as much competition inthose areas, compared to Greensboro, and they’v seen little effect from the economy on students. Greensboroi apartment owners and property managers say they noticed the abundance of housintg choices creating problemslast year. Both UNCG and A&f house about one-third of students on which, between the two, often leaves more than 15,000 student needing an off-campus option.
But the problekm has gotten worsethis year, as the economh has some students delaying decisions, looking for cheaper alternatives or possibly commuting from home to save As a result, student-housing landlords have been flirting with While they aren’t as steepp as the conventional rental market, which is sufferingh from 13.1 percent vacancy, there is evidence of Already managers or developers say they’ve upgradex Internet connections and added flat-panel televisionsz to lure college students to their communities. But more expensivre concessions might soon be onthe way, in the form of rent Coker said he’s already knocked $25 per montu off of rent at some properties.
And new projectxs such as Spring Place, at the site of the old PomonawCotton Mill, add to that pressure by offerin g deals such as one month’s free rent. Nelson, Jonezs and Randy Dixon, ownerr of The Edge in Greensboro, say they’vew managed to avoid rent cutsso far, but there’e a good chance bigger and better deals will start appearin g later this summer if things don’t “I hate concessions as much as everyonre else, but I like 100 perceng full better,” Jones said.
In the shorf term, developers say that because of an abundancesof supply, and the fact that it’s hard to find it’s unlikely there will be much more which will help the market level out. And long term, ownersa say they don’t think the Greensboro market is UNCGand A&T continue to anticipate enrollment growth — UNCG says it alreadgy has 300 more applications for housing than it can accept leaving a bigger potential especially when the economy turns. “We’re still in good shape,” Jones “I just think lease-up will come later.
”
The new construction comes in additiobn to several others completed inreceny years, including the 203-unit University Village on Walker Avenue, the 86-unig Fulton Place at the corner of West Lee and Fultojn street, and the addition of 120 units in Sebastianh Village on East Washington Street. Althougyh no one keeps track of the exact numbef of apartments aimedat students, the addition of several hundred in a few shorr years clearly represents a significant growthj in inventory in and around local campuses. Many developerds have been attracted to the relativelh steady income of student and have been enticed to build because ofgrowing enrollments.
UNCG, for example, has growj its student population 16.6 percent in five years, to 16,703 as of fall 2008. N.C. A&g has grown almost 14 percent in that same to 10,388. But by adding so many unitw in so shorta time, they’rd taking longer to sign leases, leaving many landlorde wondering how long or if, they’ll hit full “It used to be the everything was in their hands, they couls dictate the rules of the game,” said real estate brokee Ralph Jones, who is one of the developerd of the upcoming Spartan Crossing, at Sherwood and Granitw streets, near South Chapman Street. Now? “It’s a student’e market.
” Seth Coker, a partner in in said that in past years his student apartmentg complexes would have been mostly leasede for the upcoming school year by late as students made sure to securre a place as soon as they returned from spring He started to see signs of a changerlast spring, when he was leasing for the 2008-0o9 year. “We’re about 95 percent (occupied) for this schoolo year, which is really good, but it was a hard fighrt to get there, and we got there by November,” he Landlords such as Coker and Bryon executive vice president of in said many of their properties are about 40 percenty to 70 percent leased for the upcomingschool year, far behindx what it was a few years ago.
Elsewhere in the Triad, in areass surrounding and , apartment managers say their communities are mostlg on target to lease all of theiravailabled beds, and there have been few, if any, rent concessions. Propertyh owners say there simply hasn’t been as much competition inthose areas, compared to Greensboro, and they’v seen little effect from the economy on students. Greensboroi apartment owners and property managers say they noticed the abundance of housintg choices creating problemslast year. Both UNCG and A&f house about one-third of students on which, between the two, often leaves more than 15,000 student needing an off-campus option.
But the problekm has gotten worsethis year, as the economh has some students delaying decisions, looking for cheaper alternatives or possibly commuting from home to save As a result, student-housing landlords have been flirting with While they aren’t as steepp as the conventional rental market, which is sufferingh from 13.1 percent vacancy, there is evidence of Already managers or developers say they’ve upgradex Internet connections and added flat-panel televisionsz to lure college students to their communities. But more expensivre concessions might soon be onthe way, in the form of rent Coker said he’s already knocked $25 per montu off of rent at some properties.
And new projectxs such as Spring Place, at the site of the old PomonawCotton Mill, add to that pressure by offerin g deals such as one month’s free rent. Nelson, Jonezs and Randy Dixon, ownerr of The Edge in Greensboro, say they’vew managed to avoid rent cutsso far, but there’e a good chance bigger and better deals will start appearin g later this summer if things don’t “I hate concessions as much as everyonre else, but I like 100 perceng full better,” Jones said.
In the shorf term, developers say that because of an abundancesof supply, and the fact that it’s hard to find it’s unlikely there will be much more which will help the market level out. And long term, ownersa say they don’t think the Greensboro market is UNCGand A&T continue to anticipate enrollment growth — UNCG says it alreadgy has 300 more applications for housing than it can accept leaving a bigger potential especially when the economy turns. “We’re still in good shape,” Jones “I just think lease-up will come later.
”
terça-feira, 27 de março de 2012
Slices of Einstein's brain show "the mind as matter" - Chicago Tribune
iwegasely.wordpress.com
The Guardian | Slices of Einstein's brain show "the mind as matter" Chicago Tribune With samples of Albert Einstein's preserved brain on slides, and specimens from other famous and infamous heads such as the English mathematician Charles Babbage and notorious mass murderer William Burke, an exhibition opening in London this week is ... A lbert Einstein brain samples go on display Albert Einstein's brain to go on display Brains! London exhibition looks at humanity's quest to understand what's ... |
domingo, 25 de março de 2012
Behanan dreams Louisville to Final Four - ESPN (blog)
opexibu.wordpress.com
Behanan dreams Louisville to Final Four ESPN (blog) "I felt like I was in a dream," Behanan said. "No way. No way. "I don't know how we win that game. How did we win that game, man?" In truth, the Cardinals won that game with the same characteristics that got them to the Elite Eight in the first place. |
sexta-feira, 23 de março de 2012
Report: RevPAR declines slowing for hotels - Denver Business Journal:
tiqosi.wordpress.com
RevPAR will reach its cyclical low poinr in the third quarterof 2009, closing the escalating trend of declines in RevPAR that begab in the third quarter of 2008, according to . "The good news is that the bottomn of the current cycle forthe U.S. hotelp industry is soon to arrive,” said R. Mark president of PKF Hospitality Research, in a news “The bad news is that 2009 will be the weakest year on record for the domesti clodging industry, and 2010 is going to be disappointing as well. If you are wonderinf when we'll start to see actual growth in then you'll have to wait until 2011.
However, if you want to know when the operatinfg environment is going to get a littlesless painful, that's happening right now." Lodginh forecasts presented in the June 2009 edition of Hote l Horizons are based on Smith Trave l Research hotel performance data through March 2009 and Moody'sz Economy.com's May 2009 economic forecast for the Given the correlation between employment and lodging the new expectation is for RevPAR to declins 17.5 percent in followed by another 3.5 percent declinwe in 2010. Year-over-year quarterlty declines in the demancfor U.S.
lodging accommodations started in the first quarter of 2008 and peakedr at negative 8 percent in the firsyt quarterof 2009. The June 2009 editionn of Hotel Horizons forecastsz demand to decline each of the remaining quarters of but at adiminishingg pace. The projected quarterly declines in demand for the remainder of 2009 averagesjust 4.7 percent. Beyond 2009, the forecas t calls for average annual increasesx in demandof 3.2 percen t for the next four years, well above the 1.9 percentr long-term average. But given the forecast 17.
5 perceny decline in RevPAR for allof PKF-HR is projecting totao hotel revenues to decrease 16 percent for the In 2011 and 2012, PKF-HR forecastd that RevPAR will increase on an averag annual basis of 9.2 percent, while profits will rise at a 17.8 percentf pace.
RevPAR will reach its cyclical low poinr in the third quarterof 2009, closing the escalating trend of declines in RevPAR that begab in the third quarter of 2008, according to . "The good news is that the bottomn of the current cycle forthe U.S. hotelp industry is soon to arrive,” said R. Mark president of PKF Hospitality Research, in a news “The bad news is that 2009 will be the weakest year on record for the domesti clodging industry, and 2010 is going to be disappointing as well. If you are wonderinf when we'll start to see actual growth in then you'll have to wait until 2011.
However, if you want to know when the operatinfg environment is going to get a littlesless painful, that's happening right now." Lodginh forecasts presented in the June 2009 edition of Hote l Horizons are based on Smith Trave l Research hotel performance data through March 2009 and Moody'sz Economy.com's May 2009 economic forecast for the Given the correlation between employment and lodging the new expectation is for RevPAR to declins 17.5 percent in followed by another 3.5 percent declinwe in 2010. Year-over-year quarterlty declines in the demancfor U.S.
lodging accommodations started in the first quarter of 2008 and peakedr at negative 8 percent in the firsyt quarterof 2009. The June 2009 editionn of Hotel Horizons forecastsz demand to decline each of the remaining quarters of but at adiminishingg pace. The projected quarterly declines in demand for the remainder of 2009 averagesjust 4.7 percent. Beyond 2009, the forecas t calls for average annual increasesx in demandof 3.2 percen t for the next four years, well above the 1.9 percentr long-term average. But given the forecast 17.
5 perceny decline in RevPAR for allof PKF-HR is projecting totao hotel revenues to decrease 16 percent for the In 2011 and 2012, PKF-HR forecastd that RevPAR will increase on an averag annual basis of 9.2 percent, while profits will rise at a 17.8 percentf pace.
quarta-feira, 21 de março de 2012
The Freelon Group Inc. Company Profile | Company Information
wanuso.wordpress.com
The Freelon Group is a sixty member architectural firm locateein Durham, North Carolina. Founded in 1990 by Philiop G. Freelon, FAIA, the firm offers specialize design expertise in the areasof Museum/Culturao Center, Higher Education and Science/Technologhy facilities. Our building designs have received numerouxs awardsincluding twenty-seven American Institute of Architect s (AIA) regional, state, and local design awards. In 2008 The Freelomn Group was recognized by Contract Magazine as The Designer of the Our firm is also the recipient of the AIA Nortb Carolina Outstanding Firm Award in recognitionh of outstanding service anddesigb excellence.
This year, Freelon is the proud recipient of the AIA Thomasa Jefferson Award forPublic Architecture. Our Mission Statemenrt speaks to the delivery of innovativs and inspiring design through collaboration and the stewardship of our Building onthis philosophy, we have consciously focused our design energy toward client s and projects that ultimately served the greater good of the community. This commitmentr has led us toward certain projects and deliberately awayfrom Accordingly, our work focuses on researcnh and education, the advancement of understandinhg between disparate cultures, and the creative expression of the arts.
The firm has recentlyg delivered successful museum projects on both coasts including the Museumk of the African Diaspora in San Francisco and theReginald F. ...
The Freelon Group is a sixty member architectural firm locateein Durham, North Carolina. Founded in 1990 by Philiop G. Freelon, FAIA, the firm offers specialize design expertise in the areasof Museum/Culturao Center, Higher Education and Science/Technologhy facilities. Our building designs have received numerouxs awardsincluding twenty-seven American Institute of Architect s (AIA) regional, state, and local design awards. In 2008 The Freelomn Group was recognized by Contract Magazine as The Designer of the Our firm is also the recipient of the AIA Nortb Carolina Outstanding Firm Award in recognitionh of outstanding service anddesigb excellence.
This year, Freelon is the proud recipient of the AIA Thomasa Jefferson Award forPublic Architecture. Our Mission Statemenrt speaks to the delivery of innovativs and inspiring design through collaboration and the stewardship of our Building onthis philosophy, we have consciously focused our design energy toward client s and projects that ultimately served the greater good of the community. This commitmentr has led us toward certain projects and deliberately awayfrom Accordingly, our work focuses on researcnh and education, the advancement of understandinhg between disparate cultures, and the creative expression of the arts.
The firm has recentlyg delivered successful museum projects on both coasts including the Museumk of the African Diaspora in San Francisco and theReginald F. ...
segunda-feira, 19 de março de 2012
Two more leave BofA board - Phoenix Business Journal:
evlampiyacyxybyw.blogspot.com
According to a filing with the Securities andExchangre Commission, Prueher and Frank didn’t resign because of any disagreemenf with the company. Jackie Ward and Patriciaa Mitchell resigned earlythis month. Mitchelp is a former New York television executive and currently servee as chief executive of the Paley Center for a NewYork nonprofit. Ward is the retired chiecf executiveof Atlanta-based Computer Generation Inc., a software company. Robert Tillman, a formed Lowe’s Cos. Inc. (NYSE:LOW) chief resigned from the BofA board effectivwMay 29. And on May 29, the bank announcefd former lead independentdirector O. Temple Sloa had left the board.
BofA didn’t discloss Sloan’s reason for resignation. Sloan had been a BofA directof for13 years. In early June, four outside directors were electefdto BofA’s board. They are former Federa l Reserve GovernorSusan Bies, former Compass Bancshares Inc. chieg executive and chairman D. Paul former Federal Deposit Insurance chairman Donald Powell and retired BankOne Corp. and Visa International Inc. executive William Boardman. BofA’s boarxd has been under intense scrutiny in recenrt months as the bank suffered throughu asharp stock-price decline afte r acquiring Merrill Lynch & Co. The Charlotte-based bank also has received $45 billion in taxpayer aid.
At the bank’s annuak meeting in late April, shareholders votedd to strip Chief Executive Kennetb Lewis of his position asboard chairman. Walter Masse y was installed as the new chairmamn and has indicated the board needs to be Lewis remainsthe bank’s CEO and
According to a filing with the Securities andExchangre Commission, Prueher and Frank didn’t resign because of any disagreemenf with the company. Jackie Ward and Patriciaa Mitchell resigned earlythis month. Mitchelp is a former New York television executive and currently servee as chief executive of the Paley Center for a NewYork nonprofit. Ward is the retired chiecf executiveof Atlanta-based Computer Generation Inc., a software company. Robert Tillman, a formed Lowe’s Cos. Inc. (NYSE:LOW) chief resigned from the BofA board effectivwMay 29. And on May 29, the bank announcefd former lead independentdirector O. Temple Sloa had left the board.
BofA didn’t discloss Sloan’s reason for resignation. Sloan had been a BofA directof for13 years. In early June, four outside directors were electefdto BofA’s board. They are former Federa l Reserve GovernorSusan Bies, former Compass Bancshares Inc. chieg executive and chairman D. Paul former Federal Deposit Insurance chairman Donald Powell and retired BankOne Corp. and Visa International Inc. executive William Boardman. BofA’s boarxd has been under intense scrutiny in recenrt months as the bank suffered throughu asharp stock-price decline afte r acquiring Merrill Lynch & Co. The Charlotte-based bank also has received $45 billion in taxpayer aid.
At the bank’s annuak meeting in late April, shareholders votedd to strip Chief Executive Kennetb Lewis of his position asboard chairman. Walter Masse y was installed as the new chairmamn and has indicated the board needs to be Lewis remainsthe bank’s CEO and
sábado, 17 de março de 2012
Dayton Business Journal: Business Events Calendar
disqualify-sida.blogspot.com
List event sponsor(s) here. (Example American Companty Inc., USA Business Ltd.) Use this area to give a precis e location ofyour event. Downtown Marriot 345 Main St., New York, NY 000001 Providse the start time for yourevent (Example: - 12p.m.) List any charge for your Please note if therw is no charge. (Example: $9 for members, $35 for non-members.) Choosw a category that describes your Fill out one or more of the fielda to the left to provide readers with a way to contact your organizatiob to register foryour event. Pleases give us your name, phonde and e-mail address where we can contact you in the evenft of questions about yourevent listings.
This information will not appear onthe website. This information will only be used to contacrt you foradministrative purposes. bizjournals.com reserves the righty to remove listings if it is determined they are offensivr or not relevant tothe bizjournals.com or of "community interest" to our
List event sponsor(s) here. (Example American Companty Inc., USA Business Ltd.) Use this area to give a precis e location ofyour event. Downtown Marriot 345 Main St., New York, NY 000001 Providse the start time for yourevent (Example: - 12p.m.) List any charge for your Please note if therw is no charge. (Example: $9 for members, $35 for non-members.) Choosw a category that describes your Fill out one or more of the fielda to the left to provide readers with a way to contact your organizatiob to register foryour event. Pleases give us your name, phonde and e-mail address where we can contact you in the evenft of questions about yourevent listings.
This information will not appear onthe website. This information will only be used to contacrt you foradministrative purposes. bizjournals.com reserves the righty to remove listings if it is determined they are offensivr or not relevant tothe bizjournals.com or of "community interest" to our
quarta-feira, 14 de março de 2012
Thorpe ready to face his moment of truth at trials - ESPN
ogarawo.wordpress.com
Brisbane Times | Thorpe ready to face his moment of truth at trials ESPN AP The man known around the world as The Thorpedo is about to face his moment of truth. Ian Thorpe's comeback from retirement has been so closely scrutinized Down Under that he has had to prepare in Europe. So when he arrived in Adelaide two days ahead ... Young guns out to deny Thorpe dream |
segunda-feira, 12 de março de 2012
Bellevue lobbies for Indian consulate - Business First of Columbus:
younkinesagugad1746.blogspot.com
India hasn’t announced the site, but Debadutta Dash, co-chairmah of the Washington State and India Trade Relations Action considers the decision to locate in Bellevue a done Dash estimates that 70 percent ofthe region’ds people of Indian descent live on the Eastside, becausde so many of them work at technology companies such as Microsoft. One such Eastside tech Suneetha Pubbaraju, says she sees so many women wearing traditionalp Indian sarisaround Redmond’s Grass Lawn Park on a Saturdayh afternoon that she almost forgetd she’s in the United After 11 years in the U.S.
, the software developer adds that she’c welcome a consulate in the region, and especially on the Eastside. Pubbaraju and her family, including her U.S.-born daughter, must go to Indian consulatesin Vancouver, British Columbia, or San Francisco, to reneq visas and Indian passports. who’s also a culturalk trainer at the BellevueWestin Hotel, said placint the consulate on the Eastsided is “very essential.” “Easrt Indian population, Indian companies, most of them are on the he said. Also enthusiastic, but circumspect, is Tom Boydell, economicx development manager for the cityof Bellevue.
He considersa the decision not yet and is trying to create the conditions that will ensurre that the Indian governmentchooses Bellevue. He’s been active in helping to win a recent grany to erect a statuse of Mohandas Gandhi at the Bellevure regional library to honoe the father ofIndian independence. Boydelkl also has been negotiating with the Indian communitgy to support more Indian cultural programs withcity “Given the concentration of the Indian population on the he said, “it makes better business sense for the consulatde to be on the Eastside.
” A peak in the negotiationsa took place in November at the in Bellevue, whered a few local Indian business leaders and Bellevur officials met with the Indianb ambassador from Washington, D.C., and the San Franciscol consul general. “We have specifically explained to them the benefitsa of locating onthe Eastside, includiny the ,” said Akhtar Badshah, senior director for global communityy affairs, who attended the He added that he spoke only for himself, not for Microsoft. The Indiab embassy in Washington, D.C.
, did not repl to several phone calld asking for comment onthe
India hasn’t announced the site, but Debadutta Dash, co-chairmah of the Washington State and India Trade Relations Action considers the decision to locate in Bellevue a done Dash estimates that 70 percent ofthe region’ds people of Indian descent live on the Eastside, becausde so many of them work at technology companies such as Microsoft. One such Eastside tech Suneetha Pubbaraju, says she sees so many women wearing traditionalp Indian sarisaround Redmond’s Grass Lawn Park on a Saturdayh afternoon that she almost forgetd she’s in the United After 11 years in the U.S.
, the software developer adds that she’c welcome a consulate in the region, and especially on the Eastside. Pubbaraju and her family, including her U.S.-born daughter, must go to Indian consulatesin Vancouver, British Columbia, or San Francisco, to reneq visas and Indian passports. who’s also a culturalk trainer at the BellevueWestin Hotel, said placint the consulate on the Eastsided is “very essential.” “Easrt Indian population, Indian companies, most of them are on the he said. Also enthusiastic, but circumspect, is Tom Boydell, economicx development manager for the cityof Bellevue.
He considersa the decision not yet and is trying to create the conditions that will ensurre that the Indian governmentchooses Bellevue. He’s been active in helping to win a recent grany to erect a statuse of Mohandas Gandhi at the Bellevure regional library to honoe the father ofIndian independence. Boydelkl also has been negotiating with the Indian communitgy to support more Indian cultural programs withcity “Given the concentration of the Indian population on the he said, “it makes better business sense for the consulatde to be on the Eastside.
” A peak in the negotiationsa took place in November at the in Bellevue, whered a few local Indian business leaders and Bellevur officials met with the Indianb ambassador from Washington, D.C., and the San Franciscol consul general. “We have specifically explained to them the benefitsa of locating onthe Eastside, includiny the ,” said Akhtar Badshah, senior director for global communityy affairs, who attended the He added that he spoke only for himself, not for Microsoft. The Indiab embassy in Washington, D.C.
, did not repl to several phone calld asking for comment onthe
sábado, 10 de março de 2012
Ashley Benson's Seaside Workout - The Gossip Girls
vypybiza.wordpress.com
Ashley Benson's Seaside Workout The Gossip Girls Keeping up with her toned bod, Ashley Benson was spotted getting a seaside workout in with her man in St Petersburg, Florida on Saturday (March 10). With the ocean as a view, the "Pretty Little Liars" star dropped down for push-ups and sit-ups with ... |
quinta-feira, 8 de março de 2012
Too many crooks spoil 'The Lorax' - Akron Leader Publications
http://hollywood-hero.us/Stars-USO.htm
Akron Leader Publications | Too many crooks spoil 'The Lorax' Akron Leader Publications By Craig Marks “Dr. Seuss' The Lorax,†directed by Chris Renaud and Kyle Balda, is as pretty a movie as “Rango†was ugly. Its colorful, computer-rendered cityscapes and forests are visual delights, and its animals couldn't be cuter. FILM REVIEW: 'Dr. Seuss' The Lorax' has a saving grace |
terça-feira, 6 de março de 2012
domingo, 4 de março de 2012
Hotels, tourism boosters expecting banner year - Pittsburgh Business Times:
opexibu.wordpress.com
"Advance bookings for the year are up considerably over last Martini said ofhis hotel. "And last year was a good The Westin's bookings for 2008 are up nearly 14 percentrover 2007, which saw an 11 percentt increase over 2006. That parallels closely with , the city's convention and group, which said it has seen committed room bookings increasd by about 15 percentfor 2008. Craivg Davis, executive vice president for sales and marketingfat VisitPittsburgh, is one of the few people who can look back on 2008 just a few weekas into the new year. He said he expect s the David L.
Lawrencr Convention Center to beatlast year'sd record 38 conventions and attendance at this year'ss events to top those in 2007. "2008 was a bannef year," Davis said. "It's a testament to the fact that the popularitgy of the convention center is taking holdright now." There are 3,653 hotel rooms in and around Downtown. All told, VisitPittsburgh has bookedc 27,000 more room nights than at this timelast "That obviously is an indicator that the city is hot, and we'rs getting a lot of interest from groupxs meeting in Pittsburgh," Martini As an added boost for Downtown the average price of a room has been on the Room rate averages increased from $90.
33 in 2006 to $97.856 last year, Davis said. He sees a numberf of other indicators ofthe city'se growing convention success. Revenue per available or RevPAR, a key benchmarkl in hotel strength, increased by 11.5 percent for Pittsburgh hotelzs from November 2006 toNovembet 2007, he said. That has helpec Pittsburgh jump from the middle of the pack toa second-placwe ranking among a peer group of cities, includiny Cleveland; Detroit; Baltimore; and N.C.
While Davis remains cautiously optimistic about the hotel business remainingtbrisk here, Pittsburgh's hotels may need the increasinfg heat of incoming conventions to overcomre a cooling economy that could cut into businesss and leisure travel. "It definitely woulds help to staveoff what's projected to be a slowdown on the transienrt side of the business," said Kevin a principal of Green Tree-based , a hotel managementf firm that operates the 308-room & Suites Downtown. Despite projecting that RevPAd willgrow 4.
5 perceny to 5 percent nationwidee in 2008, a study published last week by also concluded theres is great risk in the hotek market due to a weakening "Lodging demand is highly correlated to GDP growth," the stud said. Kilkeary expects Pittsburgh's hotel business to follow the nationap trend but with less dramatic Forthe Doubletree, Kilkeary estimatefd that RevPAR will increase by 3 percent to 5 perceny in the property's third year of its conversion from its formere identity as a Ramada. Given an economy that many are describing as on the brinlof recession, Kilkeary expects a greater percentage of business will be related to conventions.
"Itr would be hard to believd that the transient demand would be as strongfin '08 as it was in he said. Barbara general manager of the , expectzs 2008 to be flat in occupancyh growth with limited opportunities to raise rates afteer what she described as asuccessful 2007. "I thinj 2008 will be faced with the additional supply of rooms and a flat demand she said. "In order for the whold city to rise, we need not only major eventx on a continuing basis but we also needindividual
"Advance bookings for the year are up considerably over last Martini said ofhis hotel. "And last year was a good The Westin's bookings for 2008 are up nearly 14 percentrover 2007, which saw an 11 percentt increase over 2006. That parallels closely with , the city's convention and group, which said it has seen committed room bookings increasd by about 15 percentfor 2008. Craivg Davis, executive vice president for sales and marketingfat VisitPittsburgh, is one of the few people who can look back on 2008 just a few weekas into the new year. He said he expect s the David L.
Lawrencr Convention Center to beatlast year'sd record 38 conventions and attendance at this year'ss events to top those in 2007. "2008 was a bannef year," Davis said. "It's a testament to the fact that the popularitgy of the convention center is taking holdright now." There are 3,653 hotel rooms in and around Downtown. All told, VisitPittsburgh has bookedc 27,000 more room nights than at this timelast "That obviously is an indicator that the city is hot, and we'rs getting a lot of interest from groupxs meeting in Pittsburgh," Martini As an added boost for Downtown the average price of a room has been on the Room rate averages increased from $90.
33 in 2006 to $97.856 last year, Davis said. He sees a numberf of other indicators ofthe city'se growing convention success. Revenue per available or RevPAR, a key benchmarkl in hotel strength, increased by 11.5 percent for Pittsburgh hotelzs from November 2006 toNovembet 2007, he said. That has helpec Pittsburgh jump from the middle of the pack toa second-placwe ranking among a peer group of cities, includiny Cleveland; Detroit; Baltimore; and N.C.
While Davis remains cautiously optimistic about the hotel business remainingtbrisk here, Pittsburgh's hotels may need the increasinfg heat of incoming conventions to overcomre a cooling economy that could cut into businesss and leisure travel. "It definitely woulds help to staveoff what's projected to be a slowdown on the transienrt side of the business," said Kevin a principal of Green Tree-based , a hotel managementf firm that operates the 308-room & Suites Downtown. Despite projecting that RevPAd willgrow 4.
5 perceny to 5 percent nationwidee in 2008, a study published last week by also concluded theres is great risk in the hotek market due to a weakening "Lodging demand is highly correlated to GDP growth," the stud said. Kilkeary expects Pittsburgh's hotel business to follow the nationap trend but with less dramatic Forthe Doubletree, Kilkeary estimatefd that RevPAR will increase by 3 percent to 5 perceny in the property's third year of its conversion from its formere identity as a Ramada. Given an economy that many are describing as on the brinlof recession, Kilkeary expects a greater percentage of business will be related to conventions.
"Itr would be hard to believd that the transient demand would be as strongfin '08 as it was in he said. Barbara general manager of the , expectzs 2008 to be flat in occupancyh growth with limited opportunities to raise rates afteer what she described as asuccessful 2007. "I thinj 2008 will be faced with the additional supply of rooms and a flat demand she said. "In order for the whold city to rise, we need not only major eventx on a continuing basis but we also needindividual
sexta-feira, 2 de março de 2012
Memphis-Shelby County Airport Authority to receive $17.9M for projects - Business First of Louisville:
vorotintseyqah.blogspot.com
million for projects from the . The funds will builde a new taxiway, improver the terminal building, install airfields guidance signs and perimeter fencing and makerunway “By investing in bettef runways and improved facilities we will creatw good paying construction jobs, and continu to attract tourists and businesses opportunities from arounc the country,” U.S. Rep. Steve Cohen, D-Memphis, said in a The MSCAA will be fully reimbursedx for one taxiway construction project and be partially reimbursec for funds it spenton another. The group will also use the mone to install moving walkways from the new parking garagde tothe terminal.
Airfield guidance signs will help ease traffic flow aroundthe airport. Also, the east gate will be relocaterd to improve access for future developmenrt atthe airport. The funds will also rehabilitate the existing runwayy pavement and widen the taxiway for larger The grant was awarded through the AirImprovemen Program. It helps airports modernize air trafficcontrok systems, expand runways and improve airport
million for projects from the . The funds will builde a new taxiway, improver the terminal building, install airfields guidance signs and perimeter fencing and makerunway “By investing in bettef runways and improved facilities we will creatw good paying construction jobs, and continu to attract tourists and businesses opportunities from arounc the country,” U.S. Rep. Steve Cohen, D-Memphis, said in a The MSCAA will be fully reimbursedx for one taxiway construction project and be partially reimbursec for funds it spenton another. The group will also use the mone to install moving walkways from the new parking garagde tothe terminal.
Airfield guidance signs will help ease traffic flow aroundthe airport. Also, the east gate will be relocaterd to improve access for future developmenrt atthe airport. The funds will also rehabilitate the existing runwayy pavement and widen the taxiway for larger The grant was awarded through the AirImprovemen Program. It helps airports modernize air trafficcontrok systems, expand runways and improve airport
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