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LodgingNews June 2013 Vol. 10 No. 6
C A N A D A ’ S
L O D G I N G
B U S I N E S S
N E W S P A P E R
$ 5 . 0 0
Choice Hotels International: the Power of Performance By Colleen Isherwood, Editor
Canada Post Publications Mail Agreement No. 40010152
LOS ANGELES—“I’ve got to get me one of those,” said Steve Joyce, president and CEO of Choice Hotels International, after he opened the hotel company’s 59th annual conference by conducting the Santa Cecilia Orchestra based out of Los Angeles, as Irish tenor Ronan Tynon sang an inspiring rendition of The Impossible Dream. “There are seven basic notes in all of Western music,” Joyce told the audience of developers, owners and franchisees. “It’s all about knowing what part to play.” A musical score rises above noise when everyone performs to the best of their abilities, he added. In the past year, Choice Hotels International added properties and pruned some—for a net gain of 90 domestic and international hotels. Actual numbers showed 6,264 hotels in the first quarter of 2013 versus 6,174 during the same period in 2012. Joyce noted that 2012 was a watershed year, with total revenue up 8 per cent and RevPAR up 6 per cent.
$40 million for Comfort Joyce pledged $40 million to help Comfort Inns achieve the transformation of properties outlined at last year’s conference. Right now, the funds apply only to the approximately 1,900 Comfort-branded properties across the United States. He added that 2012 was a year of powerful performance, and that Choice should finish 2013 in a very strong position. “The economy in the U.S. is improving and I see steady growth for both the economy and the hotel industry,” Joyce said. Continued on page 6
Conducting business at the Choice conference
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New headquarters, mobile, and big data on company’s agenda for the coming years
Family Ties panel, l to r: Anil Taneja, Palm Holdings; Ryan Pomeroy, Pomeroy Lodging; Jean-Yves Germain, Groupe Germain Inc.; Bob Pomeroy, Pomeroy Lodging; Ash Taneja, Palm Holdings; Reetu Gupta, Easton’s Group of Hotels; Hugo Germain, Groupe Germain; Monique Rosszell, HVS (moderator); and Steve Gupta, Easton’s Group of Hotels.
CHIC looks at Family Ties TORONTO—Special issues crop up in family-run hotel businesses that don’t occur anywhere else. One of the panels at the 17th Canadian Hotel Investment Conference held at the Hilton Toronto May 28-29, took an up close and very personal look at the dynamics of family businesses. Monique Rosszell of HVS moderated a panel composed of four pairs of family members, fathers and children, who shed light on what it means to work in a family business. Rosszell started by quoting statistics on family businesses. She said that 60 per cent of the Canadian GDP comes from family businesses, and they employ more than six million people. Only 30 per cent of those
businesses make it to the second generation. Of those, only 15 per cent make it to the third generation, and just 3 per cent to the fourth generation. At least one of the pairs—Groupe Germain—is now on generation three. And patriarch Bob Pomeroy has his eyes on his two-year-old grandson as the one who will take over as the third generation of Pomeroy Lodging. Most of the younger generation started working in the family business at an early age. As a small girl, Reetu Gupta remembers her dad pointing to a parking lot and saying, “One day, we will have a hotel here.” Anil Taneja started working at the hotel at the age of 12 (for $1 an hour!). Ryan Pomeroy
started bussing tables—and hustling for tips—at the age of five. Panellists agreed that a position in the company had to be earned. For example, Hugo Germain got external work experience before joining Group Germain, by working through the rise and demise of Krispy Kreme. When asked how much harder family members had to work than non-family employees, answers ranged from 100 per cent more to “a number with a one and many zeros” (Anil Taneja’s answer). Senior members of the panel were unanimous on one thing—they’re not likely to retire. “As long as I can contribute to Canada, I’ll continue to work,” said Steve Gupta.
This is Extended Stay. This is Studio 6.
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Doing good in Canada’s badlands
Eco-lodge planned for dinosaur country near Drumheller, Alberta
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New Castle named Top Atlantic employer
New Castle Hotels & Resorts ranks as one of Atlantic Canada’s top companies for employees
Studio 6 Canada 416.966.8387 studio6@realstarhospitality.com A division of Realstar Hospitality
Opening soon in downtown Toronto!
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