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March 9, 2010 Republic Airways Holdings' James Reichart will oversee agency and corporate sales, and distribution across the Midwest and Frontier brands. A 24-year Midwest Airlines veteran promoted to Republic vice president of distribution and loyalty programs, Reichart also is responsible for e-commerce, relations with online travel agencies and reward programs. Owner of regional operators Chautauqua Airlines, Republic Airlines and Shuttle America, Republic Airways Holdings in 2009 acquired Denver-based Frontier Airlines and Milwaukee's Midwest Airlines.
March 9, 2010 United Airlines' corporate customer revenue in February increased 13 percent year over, according to a presentation by CFO Kathryn Mikells. That increase followed January's 10 percent improvement. Speaking today at a J.P. Morgan conference, Mikells also noted that international premium cabin bookings in February recovered by 25 percent versus a year earlier.
March 3, 2010 Global distribution system hotel bookings in January 2010 increased 5 percent while average daily rate declined 1.2 percent to $155.19 versus January 2009, according to Pegasus Solutions. In North America, ADR dropped 2.4 percent to $138.85 but net bookings jumped 11 percent compared with January 2009. In contrast to January 2008 and 2007 levels, North America ADR fell 14 percent and 6.5 percent, respectively. Outside North America, year-over-year ADR fell 0.34 percent and bookings grew 1.7 percent in January.
February 25, 2010 Hyatt Hotels Corp. reported a net loss in fourth quarter 2009 of $12 million compared with a net loss of $142 million the year before. During the quarter, systemwide average daily rate dropped 7.7 percent to $162.19 and occupancy increased 0.6 percentage points to 65.1 percent. Full-year 2009 net loss was $43 million versus $168 million in 2008. Year-over-year 2009 ADR was $160, a decline of 13.6 percent; occupancy slumped 4.1 percentage points to 64.5 percent. "Transient occupancy was up, representing the third consecutive quarter of year-over-year transient occupancy gain," said Hyatt CFO Harmit Singh. "But transient rates experienced declines in the low double-digit percentage range in the fourth quarter of 2009. As we look at the group business, it is difficult to predict outcomes for 2010 ... there is uncertainty about the months ahead."
February 24, 2010 Hertz Global Holdings reported adjusted fourth-quarter net income of $23 million compared with an adjusted net loss of $73 million the year before. Due to restructuring charges in the quarter, Hertz reported a net loss of $31 million compared with a net loss of $1.2 billion in 2008. U.S. car rental rate revenues in the quarter rose 2.5 percent year over year due partly to "improving business travel" according to Hertz. Worldwide car rental transactions during the quarter declined 1.4 percent to 6.1 million and during the year dropped 10.4 percent to 24.5 million.
February 24, 2010 Rearden Commerce said the number of transactions processed on its platform grew 63 percent in 2009 compared to a year earlier, and that it added more than 1,400 new customers to bring its corporate customer count to more than 6,000 "across all business units."
February 23, 2010 The U.S. hotel industry in January posted year-over-year declines in average daily rate (7.1 percent to $93.93); occupancy (0.4 percent to 45.1 percent); and revenue per available room (7.4 percent to $42.35), according to Smith Travel Research. During the month, occupancy increased significantly in the luxury segment, by 9.4 percent to 57.2 percent, while there were moderate increases in the upper upscale segment (5.4 percent to 56.1 percent) and the upscale segment (4 percent to 53.1 percent).
February 19, 2010 Avis Budget Group posted a fourth-quarter net loss of $49 million compared with a year-earlier net loss of $121 million. Company officials said "commercial volumes are continuing to improve,” and during the quarter commercial rental days were down 17 percent as opposed to leisure days (down 25 percent). In 2009, commercial pricing was up 4 percent year over year. "There were some early signs that commercial activity has begun to pick up, but nothing I would characterize as a strong rebound," according to CEO Ronald Nelson. The full-year 2009 net loss was $47 million compared with a loss of $1.1 billion in 2008, which was mostly due to large impairment charges. February 19, 2010 Dollar Thrifty Automotive Group reported fourth-quarter net income of $11.5 million compared with a net loss of $72.2 million the year before. Full-year 2009 net income was $45 million compared with a net loss of $346 million due to substantial impairment charges. For 2010, Dollar Thrifty expects conditions to improve as vehicle rental revenues are projected to increase 2 percent to 4 percent whereas vehicle depreciation costs are expected to be about $325 per vehicle per month.
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share; occupancy (0.4 percent to 45.1 percent); and revenue per available room (7.4 percent to $42.35)&logo=http%3A%2F%2Fwww.promedia.travel%2Fimages%2Fbrand-promedia-tag.gif&logobg=eaeaea&logocolor=2a45a7&ate=AT-pgutches/-/-/4b7f3ce7a3a08aca/2/4a45b0230661c7db&ips=1&uid=4a45b0230661c7db&CXNID=2000001.5215456080540439074NXC&pre=http%3A%2F%2Fwww.procurement.travel%2F&tt=0){kind=small}
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