Hawaiian Hospitality Group, Inc. (PinkSheets: HHGI) $18M (MarketCap) Trading at +35
Hawaiian Hospitality Group, Inc. (PinkSheets: HHGI) is a growing provider of sustainable land use solutions and event services. The company draws on environmental engineering expertise to identify, design, develop, and operate destination sites that provide environmental and commercial revitalization for Hawaii’s coastal properties. Their growth strategy is to identify opportunities and acquire services that increase revenue for Loulu Palms, its first sustainable destination property, and to apply their current business model to expand its success to other properties and development prospects. The company is currently trading at $ .03, up $ .01 or 35%.
The Loulu Palms Estate began operations in 2009 as a destination wedding site with immediate cash flow from venue fees and event services. Last year it hosted 70 events. This year Hawaiian Hospitality Group, through its wholly owned Loulu Palm Estate LLC subsidiary, has already booked 100 events, achieving a 43% sales increase over last year. The company expects to host up to 125 events in 2010 and has begun booking for 2011.
What is Hospitality Management?
Hospitality management can be broadly defined as the part of the service industry that brings in money and generates more jobs than any other profession. It generally involves management of commercial establishments like restaurants, hotels, cruise ships, spas and resorts. Individuals who earn a degree in hospitality management face no problem in securing a management position in this growing field.
If we look at the present scenario, one cannot deny from that the fact that the service industry is very diverse and generally include an array of businesses encompassing hotels, resorts and restaurants. Managing these service industries is not an easy job and largely requires great skills and efforts. An individual managing any restaurant or hotel or any other service sector must have proper knowledge and potential to supervise every day to day task effectively. Addressing to meet these upcoming challenges, these days many universities in United States are offering hospitality management programs.