Hotel Business

NOVEMBER 14, 2024

hotel investment in 2025, driven by recent Federal Reserve rate cuts and robust operating performance in key markets. As cross-border activity increases, the survey also highlights a notable influx of first-time hotel buyers, who accounted for 27% of investment volume through September. hotel sector. billion, up 10.2%

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Marketing Reservations Accounting 102

SiteMinder

APRIL 25, 2024

May accounts for 33% of all booked stays at SiteMinder’s Spanish properties, displaying the importance of the period for local hotels. Notably, the average lead time has grown by over 35%, rising from 65 days in 2023, to 88 days this year, a comparison made a week prior to Labor Day on each occasion. “As

Book 105

Book Reservations Accounting Information 105

Travel Booster

JUNE 11, 2023

Welcome to Travel Booster’s guide to the best CRM tools for travel agencies in 2023! TravelBooster’s List of Best CRM for Travel Agencies in 2023 Now that we’ve established the importance of CRM tools for travel agencies, let’s dive into the crème de la crème of 2023. Why Do Travel Agents Need CRM Tools?

Accounting 52

Accounting Information Book Communication 52

Revenue Hub

FEBRUARY 14, 2024

NB: This is an article from mirai , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Nevertheless, they happily pay 20% commission for reservations from intermediaries such as Booking.com, Expedia, Hotelbeds, etc. billion in 2023 , much of this financed by the commissions received from hotels.

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Reservations Article Marketing Accounting 88

Serviced Apartments

OCTOBER 3, 2023

For the 12 month period ending June 2023, guest room revenue (for seven consecutive nights or longer) accounted for $8.97 The full report – The 50 Largest Markets: ALOS, ESOC and More Report 2019-2013 – extended-stay demand, revenues, length of stay, booking lead time and reservation costs. million and 72.2

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Reservations Accounting Book Marketing 105

Lodging Magazine

MARCH 16, 2023

PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced a new agreement with Groups360 to bring online multi-room bookings to Wyndham hotels in 2023.

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Reservations Accounting Book Events 58

SiteMinder

NOVEMBER 24, 2023

Generally, reviews also contribute to transparency and accountability within the industry, fostering a culture of improvement as software developers can leverage on feedback to refine and upgrade their tech products. Very easy for reservation management. Also, a HUGE thank you to their support and accounts team. Very good.

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Reservations Book Information Definition 52

7 Shifts

MAY 15, 2023

For restaurants, payroll includes hour wages as well as tips, which must be taken into account. Step 2: Setup the schedule with direct deposits After choosing a payroll schedule, set up direct deposits into your employees' bank accounts. Direct deposit information such as a bank routing number and account number.

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Scheduling Document Information Server 78

SiteMinder

APRIL 16, 2024

New data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, reveals a 70% rise in the average booking lead time for hotels in Vietnam, following a sharp rise in international arrivals in 2023. The growth supported Vietnam to reach its target of welcoming 12.5

Book 104

Book Reservations Accounting Marketing 104

Modern Restaurant Management

SEPTEMBER 27, 2024

Top Three most challenging roles to fill: Chefs and Cooks Dishwashers Cashiers According to the report’s findings, Chef and Cook positions emerge as the most challenging roles to fill, accounting for 30 percent of all open roles. From 2023, consumer spending has been steadily increasing and is set to continue into 2025.

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Reservations Pricing Marketing Accounting 100

Modern Restaurant Management

JANUARY 9, 2023

expect to be less profitable in 2023. Rising food, labor and energy/utility costs pose significant challenges heading into 2023. business leaders anticipate a recession in 2023, according to JPMorgan Chase’s 2023 annual Business Leaders Outlook survey. 50 percent of operators expect to make less profit in 2023.

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Pricing Maintenance Reservations Accounting 141

7 Shifts

FEBRUARY 8, 2024

The ripple effects of the pandemic continue: the National Restaurant Association finds that off-premises dining continues to happen much more frequently than before, with 66% of consumers more likely to order takeout in 2023 than they were before the pandemic. QuickBooks Restaurateurs are no strangers to QuickBooks accounting software.

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POS Systems Scheduling Training Reservations 147

SiteMinder

SEPTEMBER 4, 2024

Berlin, Germany – Hotel bookings during Oktoberfest are pouring into Munich and are set to account for 32% of the host city’s reservations this autumn. Additionally, the booking lead time for stays during Oktoberfest has lengthened, reaching 128 days compared to 125 days in 2023.

Book 59

Book Travel and Tourism Reservations Accounting 59

7 Shifts

FEBRUARY 8, 2024

The ripple effects of the pandemic continue: the National Restaurant Association finds that off-premises dining continues to happen much more frequently than before, with 66% of consumers more likely to order takeout in 2023 than they were before the pandemic. QuickBooks Restaurateurs are no strangers to QuickBooks accounting software.

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POS Systems Scheduling Training Reservations 141

Xotels

AUGUST 15, 2022

Or are you really putting your teeth into it and drilling down per segment, per channel, per account, and per day? Read through our step-by-step guide explaining how to get ready for 2023 with our hotel management company´s best hotel budgeting practices. The post Hotel Budget Plan: Are you Ready for 2023?

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Budgeting Marketing Blog Accounting 59

Modern Restaurant Management

JANUARY 31, 2024

Labor : From a labor standpoint, 2023 was a relatively good year for operators. While profit margins were down in 2023, there were lots of signs that the industry is heading in the right direction. I think our report reveals that 2023 was a year characterized by a lot of regrouping and reorienting of business priorities.

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Multi-Unit Operations Bookkeeping POS Systems Pricing 203

HotelREZ

MAY 21, 2024

HotelREZ marks 20 years with a resurgence in GDS bookings New insights report highlights strength of GDS for independent accommodation providers The Global Distribution System (GDS) is continuing to perform for independent accommodation providers with reservations up 34.5% in 2023 vs 2022, and strengthening by 80.2%

Book 52

Book Reservations Procurement Download 52

7 Shifts

JANUARY 20, 2023

Super Bowl 2023 Promotion Ideas for Bars and Restaurants 1. Relook at your reservations, talk to all your staff working on Sunday, and reconfirm their schedules four days before the big day. Building a culture around the idea that it's ok to exchange shifts lets you increase accountability within your staff.

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Scheduling Communication Events Training 78

eZee Absolute

NOVEMBER 11, 2024

Did you know that in 2023, American adults lost a staggering $43 billion to identity fraud? Hotels and resorts face daily threats, from fraudulent reservations to stolen identities at check-in. Does it match the name on the reservation? This alarming statistic only scratches the surface of a global problem.

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Reservations Information Guest Satisfaction Book 52

Hotel Business

OCTOBER 17, 2023

Power 2023 U.S. Power 2023 U.S. ” Following are key findings of the 2023 studies: Travel app and website satisfaction lag other industries: airline, hotel and rental car app and website satisfaction trails the highest-scoring apps and websites in other industries. The studies were fielded in June-July 2023.

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Information Reservations Accounting 69

Hotel Business

MAY 2, 2023

“We are off to a great start in 2023. Conversion activity remained healthy, accounting for 29% of rooms signed and 25% of rooms opened in the quarter. for full-year 2023.” Adjusted EBITDA totaled $1,098 million in the 2023 first quarter, compared to first-quarter 2022 adjusted EBITDA of $759 million.

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Marketing Book Reservations Accounting 105

Modern Restaurant Management

DECEMBER 28, 2023

A Decade of DoorDash DoorDash celebrated its 10th anniversary by unveiling Dash From the Past 2023 and Dash From the Past: A Decade Delivered, which checks in on popular trends as we celebrate the best of what users have dashed over the past year, and over the past decade. Like the most ordered food on DoorDash of all time: French fries.

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Reservations Marketing Download Scheduling 189

Mary Gostelow

JANUARY 2, 2023

And now, foretaste of 2023? In fact, one of the hottest ski destinations for 2023 is Niseko! New ships like the Silversea Endeavor, the Viking Polaris, Atlas Ocean Voyage, Aurora Expeditions and the Seabourn Venture attract a new luxury set to what used to be reserved for intrepid explorers. Watch this space.

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Reservations Accounting Book 52

Revenue Hub

NOVEMBER 22, 2023

NB: This is an article from CartStack Subscribe to our weekly newsletter and stay up to date Not to mention the ever-present battle with online travel agencies (OTAs), which account for 49% of all online hotel bookings. How to Automate Your Hotel Marketing in 2023 1. With OTAs like Expedia and Booking.com spending upwards of $3.5

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Marketing Article Book Presentation 96

Hotel Business

APRIL 1, 2024

for the first time in 2023. The number of rechargeable cars sold is up 50% year-over-year, and experts predict that EVs and plug-in hybrids will likely account for nearly a quarter of all cars on the road in 2024. Electric cars account for roughly 1% of vehicles on the road in the U.S.,

Accounting 75

Accounting Property Management Download Guest Satisfaction 75

Modern Restaurant Management

JUNE 29, 2023

Now, almost every restaurant offers delivery, almost every restaurant connects to Ubereats or DoorDash or has an online ordering platform and almost every restaurant uses a reservation system or even a loyalty platform. 2020 fast-tracked the adoption of omnichannel for even the most traditional dine-in establishments.

Reservations 88

Reservations Accounting Information Marketing 88

SiteMinder

MAY 8, 2024

Furthermore, domestic travellers in April reached their highest levels since October of 2023. Domestic guests accounted for 23% of total check-ins, up from just 13% in January and February of this year.

Travel and Tourism 52

Travel and Tourism Book Scheduling Events 52

Revenue Hub

JUNE 28, 2023

Business travel globally continues to trend up YoY since 2019 according to a January 2023 poll conducted by the Global Business Travel Association. A connected B2B and B2C CRM can include the most important metrics for the hospitality industry: profile, reservation, and production data – all in one central profile.

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Travel and Tourism Communication Accounting Presentation 91

Hotel Business

MARCH 24, 2023

The Ritz-Carlton Reserve is slated to debut in the mountain valley of Jiuzhaigou in China with the opening of Rissai Valley, a Ritz-Carlton Reserve. The company’s select-service portfolio continues to drive growth in the region, accounting for nearly 50% of planned openings this year.

Reservations 59

Reservations Accounting Marketing 59

Lithos POS

MAY 26, 2023

The projected total value of transactions in the Digital Payments market for 2023 is estimated to be around US$439.30 Reservation and Waitlist Management : POS system allows you to manage reservations and waitlists, allowing UK restaurant owners to optimize table utilization and provide a seamless guest experience.

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POS Systems Accounting Blog Reservations 40

Revenue Hub

JULY 28, 2023

Generally speaking, summer 2023 is going well for hotels so far. Travel demand is looking strong since June up until September 2023, with recent analysis showing pickup of 23% in June 2023 vs June 2022. If you have any feedback from guests who stayed with you during the summer, take this into account.

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Book Travel and Tourism Article Marketing 66

Xotels

SEPTEMBER 22, 2022

If it’s true that social media rarely play any role during the final step of guests’ reservations, they do in the first micro-moments of the booking journey. Chances are you’re aware of your booking engine’s conversion rate, but what about your reservation department? Train your staff to sell better.

Marketing 40

Marketing Blog Book Communication 40

Modern Restaurant Management

AUGUST 2, 2024

2024 By the Numbers Participants reported continued food and labor cost increases with slight shifts compared to the end of 2023. Those totals are down from the end of 2023 when 89 percent said labor costs increased, with 54 percent reporting 1 percent to 5 percent. The financial implications are massive.

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Pricing Training Marketing Book 100

7 Shifts

FEBRUARY 7, 2024

After that, the most popular back-office technologies were accounting software (55%), mobile payments (52%), and third-party food delivery services (51%). Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it's just the beginning.

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POS Systems Scheduling Front of House Accounting 125

Hotel Business

MAY 16, 2023

If your guests can’t leverage mobile check-in features and your staff can’t manage reservations, billings, vacancies or reports from a smartphone or tablet, you’re severely restricting the convenience of the guest experience as well as your hotel’s operational efficiency.

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Front Desk Operations Property Management Book Accounting 96

Revenue Hub

NOVEMBER 23, 2022

As the year ends and we start looking into future projections for what’s to come in 2023 and beyond, the outlook is a mixed bag. Say, for example, if your ad account gets blocked. Or your account gets hacked. Google was supposed to follow suit on Chrome, but this was pushed back to 2023, and now 2024.

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Marketing Accounting Article Book 78

EATER

NOVEMBER 1, 2023

Place the spinach in a colander with a weighted bowl atop to press out any water and reserve. Wring out any additional moisture from the reserved spinach. Photography copyright © 2023 by Laura Murray. Add the spinach to the boiling water, leave it for 10 seconds to wilt, then transfer to the ice water. Published by Abrams.

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