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Hotel Technology Next Generation announces results of board elections
Monday, March 07, 2005
Hotel Technology Next Generation (HTNG) announced its new Board of Directors and Officers, who will take office on April 1, 2005. HTNG’s Board of Directors is elected from among its hotel members.

The new officer and director slate is as follows:

Gebhard F. Rainer, outgoing President of HTNG, and Vice President of Hotel Finance and Technology for Hyatt International Corporation, said “I regret that my changing job responsibilities make it impossible for me to continue in my present role with HTNG. But I could not be leaving the organization in better hands than with Nick Price. Nick has been one of the key driving forces in the creation of HTNG and in moving our industry forward. Hyatt remains committed to the success of HTNG, and I am very pleased that my counterpart from Hyatt Hotels Corporation, Bob Bansfield, was elected to the board and will be able to continue to represent the strategic interests of Hyatt.”

Rainer, together with Mark Hedley, Executive Vice President and CIO at Wyndham International, and Shannon Knox, Vice President Technology at Destination Hotels & Resorts, will retire from the HTNG board as the result of changes in their responsibilities at their respective companies.

Commenting on the changes, Douglas Rice, Executive Director of HTNG, said “We owe a tremendous debt of gratitude to our entire initial board of directors, and especially to our founding President and Vice President, Gebhard Rainer and Mark Hedley, for their role in establishing HTNG as a credible industry organization. The original founders knew that HTNG would not succeed unless it was adopted by and owned by the hotel community. The initial board members invested extensive time and energy in something that was at the time nothing more than a good idea, and by doing so they created today’s HTNG. Gebhard Rainer and Mark Hedley played absolutely critical roles in that process. I know the Board joins me in expressing our sincere appreciation for their effort and support over the past two years.”
Rania Deimezi - Monday, March 07, 2005
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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