Remove 2008 Remove Accounting Remove Pricing
article thumbnail

Phoenix achieves second highest Super Bowl weekend ADR, RevPAR

Hotel Business

When comparing 2023 hotel performance to 2008 and 2015, nominal and inflation-adjusted ADR and RevPAR significantly outperformed previous host years. This year, hotel occupancy was 86.9%, which was lower than 2015 (93.6%), but above 2008 (83.2%). Miami is the only other city that has hosted four times.

article thumbnail

Housekeeping steps to build operational resilience

Hotel Owner

Energy prices are rising in tandem with wider inflation, and the cost-of-living crisis is curbing consumer confidence. Compounding these challenges are long-term supply issues, labour shortages and food inflation, which hit 15% for Britain’s pubs and restaurants, according to the latest CGA Prestige Foodservice Price Index.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

My Drinks Company Folded. But That Doesn’t Make It a Failure.

EATER

In 2008 I began bartending at Please Don’t Tell. All for a price, of course. That week I got my first restaurant account, Gramercy Tavern. I picked up a few more wholesale accounts. My career in the beverage industry had an extremely auspicious start.

article thumbnail

Gates Hospitality Chief Naim Maadad On Building Successful Career, Culture and Businesses

The Restaurant Times

Japan has the best price policy for rooms, he said. The pricing strategy changes literally by the minute, by the hour. . In 2008, Maadad and his team opened Six Senses Zighy Bay. Leadership is All About Being Accountable to Yourself. This is because the technology was developing at a rapid pace. .

Events 52
article thumbnail

How B&B Owners Can Rise Above the Cost of Living Crisis and Thrive Through the Low Season

Bed and Breakfast Coach

I don’t know how much you know about my story but I remember very well the global financial crisis of 2008 and 2009. What are you feeling right now when you look at your bank account? Step #3 Put a price tag on your offer that feels good for you, and that your guests would love to buy now. So let me ask you….

article thumbnail

Everything You Ever Wanted to Know About Ghee

EATER

The inflation in cattle feed costs, and subsequent hike in the price of milk in India, is also to be accounted for. Artisanal brands have a way to put a price on it — were the cows fed before being milked? The processing costs are typically higher, given that the melting of butter and separation of the milk solids demand labor.

Book 102
article thumbnail

AI Food Intelligence and Now Serving Democracy

Modern Restaurant Management

Focused on the retail, services and restaurant industries, the SpotOn ecosystem offers powerful technology to small- and medium-sized businesses (SMBs) at a price they can afford. She founded Virtus Wines International in 2008, dba Wheelhouse Libations, and The SIP Agency. SpotOn Executive Team.

Marketing 207