


In a mid-year financial check up, three-quarters (75 percent) of Americans say their debt has not increased over the past six months and in fact more than a third (38 percent) say their debt has actually decreased, according to the latest American Express Spending & Saving Tracker. While consumers are focused on keeping their debt at bay, they also expressed positive long and short-term spending intentions. For example, more than one-quarter (26 percent) of the general population say that the summer weather specifically encourages more spontaneous spending.
This month’s American Express Spending & Saving Tracker surveyed consumers about their spending and saving patterns and intentions midway through 2010 compared to the beginning of the year. The research sample of 2,004 adults included the general U.S. population, as well as two subgroups -- the affluent and young professionals.
Seventy-five percent of the general population reports no increase in their debt over the past six months. More Americans say they have been focused on paying down debt (46 percent) than saving (29 percent) this year, and 57 percent of consumers with debt have been moving forward with a specific plan to reduce or stabilize their debt. An impressive number of consumers say they have decreased their debt over the last six months: the majority of affluents (52 percent), almost half (46 percent) of young professionals, and more than a third (38 percent) of the general population. Travel is one of their top five “wants,” as opposed to “needs” such as clothing, housing and education. For more information, visit www.americanexpress.com/aboutus.


Luxury travel network Virtuoso announced nominations for the fourth annual Virtuoso “Best of the Best” hotel awards. Virtuoso Live magazine’s editorial director, Elaine Srnka, and Virtuoso’s vice president of hotels, destinations and tours, Albert Herrera, announced the nominees, which represent the highest standards in their given category and are considered some of the world’s finest properties.
Virtuoso’s Hotels & Resorts Program has a portfolio of more than 800 world-class properties. Editors of Virtuoso Live magazine, Virtuoso network’s publication, collaborated with the organization’s travel advisors to select hotel nominees that demonstrate service, design, room product and social responsibility. A total of 10 categories, ranging from best architecture and design to top hotel and hotelier of the year, will establish which hotels continue to excel. Winners will be revealed during Virtuoso’s 22nd annual Travel Mart Conference at the Hotels & Resorts Dinner on Aug. 18, 2010. Award categories and nominees include:
Best Achievement in Design: Recognizes the significance of outstanding architecture and design of a hotel or component therein, whether in new construction, renovation or historic restoration. Nominees are Canella, Singapore; Aria Resort & Casino, Las Vegas; Mandarin Oriental, Barcelona; Armani Hotel Dubai; and Taj Falaknuma Palace, Hyderabad.
Best Culinary Experience: Recognizes the hotel restaurant that offers exemplary food, service, ambience, wine list and even views. Nominees are Alain Ducasse at the Dorchester, Dorchester Hotel, London; Yoshi, Hotel Métropole Monte-Carlo; Café Gray, The Upper House, Hong Kong; The Mark by Jean Georges, The Mark, New York; and Pierre Gagnaire pour Les Airelles, Hôtel de Charme Les Airelles, Courchevel.
Best Bar: Recognizes the hotel bar that offers a lively, convivial and entertaining social meeting spot where innovative drinks and an enticing atmosphere create a “must see and be seen” buzz. Nominees are Xiu, Park Hyatt Beijing; Sir Elly’s, The Peninsula Shanghai; The Cigar Bar, Alvear Palace Hotel; Mandarin Bar, Mandarin Oriental Las Vegas; and Principe Bar, Principe di Savoia.
Best Family Program: Recognizing the family friendly environment, this award acknowledges special programs and activities for children of all ages, from creative activities and services to educational endeavors and active adventures. Nominees are Awasi, San Pedro de Atacama, Chile; Presidente InterContinental Cozumel; Bristol Buenaventura, Panama; The Ritz-Carlton, Naples; and Rocco Forte Verdura Golf & Spa Resort, Sicily.
Best Spa: Recognizes the hotel spa that offers the most alluring environment for rest and rejuvenation, creative and therapeutic treatments, and highly skilled and knowledgeable therapists. Nominees are Le Spa Metropole, Sofitel Legend Metropole, Hanoi; The Spa at Grand Velas All-Suites & SPA Resort, Riviera Maya; The Spa at La Reserve Ramatuelle, France; The Anantara Spa at Kempinski Ishtar Dead Sea, Jordan; and To B. Wellbeing & Spa, Grand Hotel Quellenhoff & Spa Suites, Bad Ragaz, Switzerland.
Most Innovative Guest Experience: Recognizes a hotel that continually raises the bar by featuring clever and meaningful guest experiences that move the industry forward. Nominees are Hoshinoya Kyoto; Amanfayun, Hangzhou, China; The St. Regis Deer Crest Resort, Park City; Evason Ma’in Hot Springs & Six Senses Spa, Ma’in, Jordan; and Hotel das Cataratas, an Orient-Express Hotel, Foz do Iguacu, Brazil.
Most Socially Responsible: Recognizes a hotel dedicated to making a difference through innovative local or global environmental programs that make the world a better place, whether a green initiative or a community education program. Nominees are Wolgan Valley Resort & Spa, Lithgow, Australia; Four Seasons Resort Costa Rica at Peninsula Papagayo; Le Quartier Français, Franschhoek, South Africa; Inkaterra Machu Picchu; and Fairmont Scottsdale.
One to Watch: A forward-looking nod to those shaping the future of the hotel world, recognizes an individual making an impact on the hotel and resort industry. Nominees are Liam Lambert, Oberoi Hotels & Resorts; Alan Fuerstman, Montage Hotels & Resorts; Brian Williams, Swire Hotels; Omer Acar, Ritz Paris; and Andrea Filippi, Orient-Express Hotels.
Hotelier of the Year: Honors an experienced hotel manager with an unrelenting passion for the industry, an astute appreciation for detail and a keen sense of how to lead and manage a dynamic team of professionals. Nominees are Nigel Pace, Cape Grace; Michel Jauslin, Park Hyatt Paris – Vendôme; Offer Nissenbaum, The Peninsula Beverly Hills; Torsten van Dullemen, The Oberoi Udaivilas; and Claudio Ceccherelli, Park Hyatt Milano.
Hotel of the Year: Recognizes a hotel that continually epitomizes excellence in the categories of design, ambience, service, food and beverage, spa, family programs, innovation and social responsibility. Nominees are The Goring, London; The Gleneagles Hotel, Auchterarder, Scotland; Amangiri, Canyon Point, Utah; Rosewood Mansion on Turtle Creek, Dallas; and Rocco Forte The Augustine, Prague. For more information on Virtuoso, visit www.virtuoso.com.
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