About Travel Industry

BNET Travel provides daily industry trends and news coverage with insights for managers and executives into all aspects of the travel and tourism industry. In addition to detailed airline and hotel company profiles, we bring you industry analysis on new travel and carrier routes, bankruptcies, mergers, tourism figures, investments and a host of other important business issues.

Travel Roundup: CityCenter Postpones Harmon Hotel, Amtrak's Onboard Sales, Hawaii Loses Seats and More

By Barbara E. Hernandez | Jan 7, 2009

CityCenter Holdings postpones hotel opening CityCenter Holdings LLC announced that it would postpone the opening of the Harmon Hotel & Spa to 2010 and drop its plan for residential condominiums. CityCenter Holdings is a joint venture between MGM Mirage and Infinity World Development Corp., which is developing a 67-acre complex of hotels, condos, casinos and shopping. Those customers who already put deposits on the Harmon condominiums will be given refunds and can purchase a unit at the neighboring Mandarin Oriental Las Vegas or other CityCenter properties. By pushing back the Harmon Hotel & Spa, the company may save $600 million in construction and other costs. Aside from the Harmon Hotel, development at the CityCenter project is still set for its grand opening in December 2009. [Source: HotelNewsNow]

Amtrak to sell tickets onboard with credit-card readers Amtrak plans to buy 2,000 credit-card readers to sell onboard tickets. While the company said that most passengers will have a ticket to board, the readers will be used if ticket windows are closed or unavailable at the station. Conductors will swipe a customer’s credit card onboard for immediate authorization. An Amtrak spokesman said the rail line isn’t doing this to increase onboard sales, but as part of its movement towards ticketless travel. Amtrak said it hopes to award a contract for the card readers by the end of February. The readers won’t be used for reservation-only trains such as the Acela. [Source: Philadelphia Inquirer]

Hawaii airline seats down 16.1 percent — The Hawaii Department of Business, Economic Development and Tourism said that while 2.1 million seats are scheduled to fly nonstop to Hawaii in the first quarter of 2009, it’s still a 16.1 percent drop compared to last year. The declines are coming from all over the United States, with the biggest drops from California and Las Vegas. The only bright spots in the report are added planes from Seattle and Anchorage, which are expected to boost seats 10.2 percent and 41.8 percent respectively. [Source: Pacific Business News]

Orbitz announces cost-cutting and new CEOOrbitz Worldwide Inc. announced Barney Harford as its new chief executive and its plans to reduce operation costs by $25 million. The company already cut $20 million by reducing its work force by 10 percent in November but didn’t say if this meant more job cuts for the Chicago-based online company. The company has been hit by the slowing economy as consumers become less likely to part with extra cash. Harford takes the place of Steve Barnhart who recently resigned. [Source: Associated Press]

Bay Area resident and award-winning business journalist Barbara E. Hernandez has covered tourism, real estate and personal finance. Her clients include the New York Times, Los Angeles Times, San Francisco Chronicle and Washington Post.

BNET User Analysis

Web Buzz:
  • Travel Roundup: MGM Mirage CityCenter Bankruptcy, Southwest Reaches Labor Agreement, Less Baggage Mishandling and More

    BNET Travel - 241 days 6 hours 53 minutes ago

    Sources say CityCenter close to bankruptcy - MGM Mirage and Infinity World's $8 billion Las Vegas development, CityCenter, may file bankruptcy, reports say.  MGM Mirage partnered with Infinity World, owned by Dubai World, to operate the project on the Las Vegas Strip which will feature casinos, shopping, hotels and condos, but earlier this...

  • The Biggest Bet in Vegas

    BusinessWeek - 25 days 2 hours 23 minutes ago

    MGM Mirage Chairman and CEO Murren is set to add 4,800 new hotel rooms Stephen Voss By Christopher Palmeri Browse the BusinessWeek Archive Every Friday morning, James J. Murren heads to the Las Vegas Strip in his chauffeur-driven SUV to check on the status of his dream project. "Look at that," says the chairman and CEO of MGM Mirage (MGM),...

  • MGM Mirage and Dubai World Reach CityCenter Deal

    New York Times - 207 days 23 hours 43 minutes ago

    MGM Mirage and Dubai World said Wednesday that they had reached an agreement with their lenders on a plan to fully finance CityCenter, an $8.5 billion residential and casino development on the Las Vegas Strip

  • Travel Roundup: CityCenter To Hire 12,000, Century Plaza’s Demolition, Airlines Lose Penalties and More

    BNET Insight - 339 days 6 hours 29 minutes ago

    MGM Mirage to hire 12,000 for new CityCenter project – MGM Mirage Inc. reported it will hire 12,000 workers for its new CityCenter project on the Las Vegas Strip, and is asking more than 3,000 workers it laid off in the last year to apply.  CityCenter is a $9.2 billion development with a casino, luxury hotels, condos and shopping slated...

  • When Killing Condos Can Save Your Project

    BNET Travel - 319 days 6 hours 19 minutes ago

    Killing 200 condominiums atop the Harmon Hotel & Spa was a way to save money, said an executive with the CityCenter project. The 49-story tower will almost be halved, saving $600 million in construction and other costs. According to the Las Vegas Sun, MGM Mirage chief executive Jim Murren said the move was made after finding structural...

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here