subject: Hawaiian Hospitality Group, Inc. (PinkSheets: HHGI) $18M (MarketCap) Trading at +35 [print this page] Hawaiian Hospitality Group, IncHawaiian 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 tradingat $.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.
On June 1st, Hawaiian Hospitality announced its new membership with The International Ecotourism Society ("TIES"). TIES mission is to promote responsible travel to natural areas that conserves the environment and improves the well-being of the local people. It is the oldest and largest international ecotourism association, with members in more than 90 countries. With this new found membership, Hawaiian Hospitality is provided with the opportunity to utilize global sources of knowledge to create an international network of individuals and institutions in the tourism industry. Consequently, one of the most important factors of this membership is the increased exposure of its Loulu Palms Estate that will result.
Renee Leong, President, commented: "Hawaiian Hospitality Group's partnership with TIES will increase our visibility internationally and provide advertising opportunities through TIES' global network. Participation in consumer-targeted initiatives and promotion to travel members will highlight Hawaiian Hospitality Group's work in sustainable tourism and demonstrate our commitment to being an industry leader as an eco-friendly destination."
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