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Produce update: Australian tomatoes face biosecurity threat

Hospitality Magazine

Industry experts fear tomato prices may rise because of the outbreak. The virus was first detected in the Middle East in 2014 and has since been reported in Europe, China, Mexico, and the USA. At this point, South Australian growers Perfection Fresh, Growers Gawler River Tomato, and SA Tomatoes have been impacted by the outbreak.

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Revenue Managers: Yes It’s a Seller’s Market But Don’t Get Greedy

Revenue Hub

In response to the post-pandemic demand surge and faced with constricted inventory due to labor shortages, rising supply costs, and other challenges, hoteliers pushed their prices back to pre-pandemic levels in record time. Sources predict that hotels’ pricing power will remain strong. Why do we do this? Our demand dried up.

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Banyan Investment Group Completes Sale of Holiday Inn Express Bluffton @ Hilton Head Area

Lodging Magazine

BLUFFTON, South Carolina—Banyan Investment Group (BIG) announced the completed sale of the 112-room Holiday Inn Express & Suites Bluffton @ Hilton Head Area in South Carolina, to Trishul Hospitality for an undisclosed price. The transaction generated a 24 percent IRR and a 3.3x equity multiple. “We

Pricing 111
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Village Hotels owner considering offloading brand in £485m deal

Hotel Owner

The American private equity backer of Village Hotels, KSL Capital Partners, is getting ready to offload the chain of properties it acquired in 2014 for £485m, Sky News has reported. Village Hotels comprises an estate of 33 properties in locations such as Aberdeen and Bournemouth, with rooms available at “budget” prices.

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Celebrating 90 Years of Fresh, Maine Lobster

Modern Restaurant Management

In 2014, Snyder and Russ Bernard, purchased Beal’s from Mary Beal, the widow of the third-generation owner Sam Beal. Food prices are rising all over, how can you manage with a high-ticket item such as lobster? We go out of our way to explain to guests the seafood and lobster pricing. Guests have been very understanding.

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Hospitality insolvencies rise 13% in June

Hotel Owner

The Buchler Phillips Hospitality Index of insolvencies, which has tracked monthly figures since January 2014, rose from 204.3 in May to 231.6 Insolvencies within the industry peaked in August 2023 at 273.4, with a spike in the sector’s business closures.

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How Two Pitmasters Are Innovating Craft Barbecue While Keeping Old School Traditions Alive

EATER

When Morales and his cousins got into competition barbecue around 2014, they asked Magallanes if he wanted to join the team. You’re not going to get 1931 prices,” says Magallanes. “Bringing what you had in your childhood to the table and mixing that with the Texas-style barbecue.” From there, their barbecue took off.

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