August 28, 2009 4:26 PM
- Text
No One is Losing Stars, InterContinental and Starwood Say
(MoneyWatch) Starwood Hotels & Resorts backtracked from a Bloomberg article where one of its PR executives said the company would be dropping stars and amenities. Instead the comments made were about a "hypothetical" situation, not reality, Starwood said. It also reported no properties have lost stars.
"The majority of our hotels are still keeping their five-star (or equivalent ratings,)" she wrote.
I guess from that statement, some will not keep them, but I think her gist was that there was no broad star dropping by the company. (I guess Hilton Hotels Corp. hasn't reached me to complain about the story.) So what does this mean?
You can choose to believe that an overzealous Bloomberg reporter (Nadja Brandt) created a trend piece where there was none. Or, if you're a cynical type, you might think that PR and marketing executives spend their lives trying to minimize any hint of negative publicity -- usually done by way of apologies and requests for clarification.
Our expectation is that all Luxury Collection properties maintain a minimum 4-star rating and we are proud that the vast majority of our St. Regis properties operate at a 5-star level.I also received an e-mail from Caroline Counihan, a spokeswoman for InterContinental Hotels & Resorts, who said the Bloomberg story "really misrepresented the InterContinental scenario."
"The majority of our hotels are still keeping their five-star (or equivalent ratings,)" she wrote.
I guess from that statement, some will not keep them, but I think her gist was that there was no broad star dropping by the company. (I guess Hilton Hotels Corp. hasn't reached me to complain about the story.) So what does this mean?
You can choose to believe that an overzealous Bloomberg reporter (Nadja Brandt) created a trend piece where there was none. Or, if you're a cynical type, you might think that PR and marketing executives spend their lives trying to minimize any hint of negative publicity -- usually done by way of apologies and requests for clarification.
Latest Now in MoneyWatch
- Ohio unemployment hits 3-year-low
- Jill on Money: Retirement investing, allocation, long term care
- Could "web-lining" be dangerous?
- Insurers respond cautiously to contraceptive plan
- Judge: Legally, breastfeeding not related to pregnancy
- Budget deficit drops to $27 billion in January
- Why the Powerball Jackpot is part of my investment strategy
- Is the new VW Beetle diesel worth the money?
- Consumer sentiment highlights risks to recovery
- Valentine blues? 10 best cities to be single
- December trade deficit widens to $48.8 billion
- Alcatel-Lucent returns to profit in 2011
- 6 things never to say in a performance review
- $26B mortgage deal: Who gets the money?
- Friendly's CEO steps down
- Quarterly loss hits $3.3B at Postal Service
- Greeks rail against cuts as EU demands more
Latest CBS News Headlines
on Facebook
on CBS News
- Houston recalled as happy in days before death
- Pre-Grammy gala celebrates Whitney Houston's life
- The nation's weather
- Filmmaker Douglas Trumbull receives honorary Oscar
on Facebook
- Whitney Houston 1963-2012
- Adele sings a cappella for Anderson Cooper
- Remembering Whitney Houston 1963-2012
on CBS News






