No hassle for Castle: the niche hotel group expects strong growth in properties and revenues. (Destination: Hawaii).

Travel Agent, April, 2003 by Foster, Camie

In quieter times, Castle Resorts & Hotels would be poised for an excellent year. "Excluding the unknown impact of the Iraq war, we're projecting a very good year," says Alan Mattson, senior vice president of sales and marketing. He says growth will increase at existing properties and the company expects substantial revenue growth from recent additions, such as the Waikiki Shore, and other properties it aims to add to this year.

This year, Mattson says, the company is anticipating revenues generated by properties it had last year will grow by about 10 percent, which he characterizes as "pretty significant." Beyond this, its total revenue increase is pegged to be higher. He notes that it's a relatively aggressive forecast in these days of shortened booking...