Summit Notebook

Exclusive outtakes from industry leaders

Video – What’s next for the hotel industry?

The hotel industry is reeling from a decline in leisure and corporate travelers and its on track to have one of its most challenging years ever.

Speaker: Tim Behle Ernst & Young

Presenter: Bobbi Rebell New York

Audio – In good times and bad … It’s Vegas, baby!

weidner1.jpgHe might not have used exactly those words, but that was the idea from Las Vegas Sands President and Chief Operating Officer William Weidner on Wednesday.

Speaking at the Reuters Travel and Leisure Summit in Los Angeles, Weidner listed the many things that Las Vegas has going for it that make it an attractive destination when the economy’s going well and even when it slows down.

Audio – Show me the money! Now, what do we do with it?

goldman1.jpgIt’s a good problem to have — exactly what should a company do with its cash on hand.

For Sunstone Hotel Investors Chief Executive Steven Goldman, it’sreally not much of a problem at all and he addressed his thoughts on exactly what he and his board plans to do in the coming months with its cash.

Audio – A Growing Concern

depatie1.jpgBigger isn’t always better. Sometimes bigger can just become more unmanageable.

But for privately-held Kimpton Hotels & Restaurants, the next few years is going to have a lot to do with how it manages its growth and how it goes from a company with just some cool hotels in cool spaces to a much larger player in the growing boutique arena.

Audio – If they build it … we ALL better come!

lerner1.jpg(With apologies to Kevin Costner and anyone else in “Field of Dreams”)

Las Vegas is going to be one toddlin’ town for the next few years if you happen to be a building contractor, a painter or a carpenter.

Audio – Playing Politics

dara1.jpgThe Presidential election is much on the minds of many in the media, as the guessing games continue about who the ultimate competitors will be for the big job.

The results of the 2008 election will leave many direct winners and losers in its wake — military spending being a big one of them. But, Dara Khosrowshahi, chief executive of online travel company Expedia Inc, said at the Reuters Travel and Leisure Summit in Los Angeles on Tuesday that the travel industry will also see an effect following the election.

from DealZone:

Audio – The Spreading of the Crunch

darrigo1.jpgThat crunching sound you hear? It might be coming from the credit markets.

Dan D'Arrigo, chief financial officer of MGM Mirage, said at the Reuters Travel and Leisure Summit on Monday that he thought the concerns about the accessibility of capital was a real worry and that it might have an effect on projects either on the drawing board or even those that are underway.

D'Arrigo, one of the featured guests at this year's summit, warned to be on the lookout for companies that need to access the capital markets until this crisis gets resolved.

from DealZone:

Audio – Let’s Make a Deal?

meyer1.jpgShufflemaster has had a rough couple of years.

After the company's shares hit a high of $47.50 in May 2006, they have more or less steadily slipped lower and were trading on Monday afternoon at about $9.00.

The casino game maker, battling a slumping share price, said it would entertain a buyout offer at the right price, its chief operating officer said on Monday.