Modern Restaurant Management

DECEMBER 18, 2023

It’s the perfect time to look back on a few things we learned in 2023 – based on recent survey data from our restaurant partners – as well as what we predict for the industry in 2024. 2024’s Outlook: Positive The restaurant industry is cautiously optimistic as we head into the new year.

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Hospitality Net

NOVEMBER 5, 2024

billion euros) in 2024, reflecting a 10.4% Additionally for this year, Europe is estimated to account for 26.4% European business travel spending is projected to reach $391.1 billion USD (360.4 increase from 2023. of total global business travel spending of $1.48 trillion (1.36 trillion euros).

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Accounting 69

Serviced Apartments

JANUARY 4, 2024

UK: Jake Seage, formerly head of sales and reservations at STAY, has joined corporate accommodation booking agent SITU as an account director of business travel. I am thrilled to be working with Phil Stapleton and Rebecca Gonzaga and the whole Situ team, and ready to make 2024 the best year yet,” he added.

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EATER

JUNE 18, 2024

Gregory Gourdet shows off his medal at the 2024 James Beard Restaurant and Chef Awards. A version of this post originally appeared on June 13, 2024, in Eater and Punch’s newsletter Pre Shift , a biweekly newsletter for the industry pro that sources first-person accounts from the bar and restaurant world. It’s been a challenge.

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Hotel Business

AUGUST 7, 2024

The Q2 2024 Canada Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that at the close of the quarter, there are 322 projects/40,297 rooms in the country’s total pipeline. Next is British Columbia with a record-high 59 projects, accounting for 8,439 rooms. new supply growth rate increase.

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Hospitality Magazine

JULY 31, 2024

Find the Birch & Waite team at stand HD21 and try the whole egg mayonnaise and hollandaise voted number one by Australian chefs at the 2024 Chefs Decision Awards. Lancer Worldwide – L13 Experience innovation and excellence with Lancer Worldwide and Hoshizaki at Fine Food Australia 2024. birchandwaite.com.au artisanfood.com.au

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Hotel Owner

JANUARY 11, 2024

Hoteliers in Bristol hope 2024 will be the year that hospitality is given the support that recognises the huge contribution it makes to the UK economy. Data recently released by UK Hospitality says the sector is the UK’s third largest employer, directly giving work to 3.5million people and accounting for 10% of all UK jobs.

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Revenue Hub

NOVEMBER 17, 2023

In our previous article, we shared insights and advice from global hospitality experts on how to make the 2024 hotel budget process as smooth and painless as possible. She cited the Uniform System of Accounts for the Lodging Industry (USALI) as a key source for accounting and benchmarking standards in the industry.

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Hospitality Net

AUGUST 14, 2024

As seen in Lodging Econometrics’ (LE’s) Q2 2024 Hotel Construction Pipeline Trend Report for China, the country’s hotel construction pipeline has reached unprecedented heights at the close of the second quarter.

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Serviced Apartments

MARCH 25, 2024

The entry period for the 2024 Serviced Apartment Awards has been extended for an additional two weeks, and will now close on Friday 5th April 23:59 BST. To start your entry, create an account on our dedicated awards platform here. To guarantee your seat, please purchase your tickets early for the 2024 ceremony here.

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Accounting 52

Hospitality Net

OCTOBER 29, 2024

According to the Q3 2024 U.S. These top five markets combined account for 732 projects/88,904 rooms.

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Revenue Hub

NOVEMBER 16, 2023

It’s that time of the year again, time to break out the content calendar and lay out a social media game plan for your hotel or portfolio of hotels in 2024. So they are actually coming to your social media accounts on each one of these days looking to make purchase decisions. Which social media does for travellers.

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Hotel Owner

SEPTEMBER 6, 2024

European hotel transactions have reached a five-year high in the first half of 2024, according to new data from Cushman and Wakefield. Overall, luxury hotels represented nearly half of H1 2024 volumes. Transactions in the first half of the year grew to over €11.6bn (£9.78bn), the highest six-month volume since 2019.

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Hospitality Magazine

JANUARY 7, 2024

In a statement issued online and sent to members, TheFork has announced it will be discontinuing operations in Australia from 31 March 2024. It also told account members that they have until 31 March to redeem their Yums points and any not used before the date will automatically expire.

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Hotel Business

NOVEMBER 13, 2024

According to the Q3 2024 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that the region’s total pipeline stands at 1,645 projects/244,548 rooms. Projects scheduled to start construction in the next 12 months account for 399 projects/57,828 rooms, making up 24% of both projects and rooms.

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Revenue Hub

MARCH 1, 2024

In the past, it usually required downloading a hotel’s custom-built native app and creating a user account. Top Tech Solutions That Can Help Hotels Improve Guest Experience in 2024 Now that you know all about the new opportunities and benefits hotel technology has given us over time, let’s look at nine modern solutions that bring big results.

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Hotel Business

JANUARY 4, 2024

Pebblebrook Hotel Trust has extended approximately $357 million of its $460 million October 2024 maturity term loan to 2028. Pebblebrook paid down its October 2024 maturity term loan to $400 million from $460 million and extended the maturity of $357 million to January 2028. The company paid down approximately $157.6

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Serviced Apartments

MARCH 15, 2024

Worldwide: Enter the 2024 Serviced Apartment Awards by 22 March 23:59 GMT for a chance to win any of our 19 categories. Now in its ninth year, the 2024 ceremony will take place on 23 May at Leonardo Royal Hotel London Tower Bridge. Entries for the 2024 Serviced Apartment Awards close on Friday 22 March at 23:59 GMT.

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Accounting 52

Hotel Business

NOVEMBER 8, 2024

The hotel development pipeline across the Asia-Pacific, excluding China, region (APEC) continued its notable growth trajectory through the third quarter of 2024, according to the latest Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).

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7 Shifts

SEPTEMBER 16, 2024

The goal is to determine the total amount of cash flow that will be available to the new owner after accounting for these types of expenses. Preparing your restaurant’s interior and exterior, as well as enlisting the help of a broker, accountant, and attorney, can also help you prepare for the sale.

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Revenue Hub

DECEMBER 8, 2023

As we approach 2024, the hospitality industry’s landscape is set to undergo significant transformations characterized by increased personalization, automation, AI, and cybersecurity, just to name a few. To stay relevant and resilient in 2024 and beyond, here are five key hospitality trends and the innovations they’re supported by.

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Hospitality Net

AUGUST 29, 2024

How have profits and revenues developed within a year (H1 2024 vs. H1 2023)? And what proportion do wage and labour costs account for? Here are the key findings: Spotlights Despite considerable cost pressure, the full-service branded hotels in Berlin recorded rising profits in the first half of 2024.

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Hospitality Net

JANUARY 30, 2024

The Association was officially launched at the Thailand Tourism Forum in Bangkok on the 15thJanuary 2024.The The Association was officially launched at the Thailand Tourism Forum in Bangkok on the 15thJanuary 2024.The

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Accounting Marketing 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. With OTAs like Expedia and Booking.com spending upwards of $3.5

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Revenue Hub

OCTOBER 20, 2023

Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. NB: This is an article from Hotstats What unique challenges are hotels facing in the 2024 budgeting and planning process? We are looking at the momentum continuing in 2024.”

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Serviced Apartments

OCTOBER 10, 2023

Worldwide: Hospitality company Hilton has released the findings of its latest 2024 travel trends report, which reveals four key themes including changing business travel behaviour. In 2024, 46 per cent of global full-time and self-employed workers plan to travel for business.

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Hospitality Net

JUNE 10, 2024

The Ukrainian Hotel and Resort Association (UHRA) has completed a series of training sessions on USALI (Uniform System of Accounting for Lodging Industry) which took place in March-April 2024 with the support of the EU4Business: SME Recovery, Competitiveness, and Internationalisation program funded by the European Union and the German Government.

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Hospitality Net

APRIL 9, 2024

Particularly within a hotel organization’s finance and accounting departments, the importance of system integration cannot be overstated. From guest experience enhancement to the digitization of financial and operational management, ensuring the seamless integration of disparate property systems has become paramount for success.

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Accounting Marketing 88

Hotel Business

OCTOBER 29, 2024

According to the Q3 2024 U.S. These top five markets combined account for 732 projects/88,904 rooms. During the third quarter, 401 new project announcements (NPAs), accounting for 42,413 rooms, were revealed. through Q3 2024. The LE forecast for new hotel openings for the remainder of 2024 in the U.S.

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Accounting Marketing Scheduling 59

Hotel Business

NOVEMBER 11, 2024

In the Q3 2024 China Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE) , at the end of the quarter, China’s total hotel construction pipeline reached a record-high project count of 3,853 projects with 703,312 rooms, up 4% by projects and 3% by rooms year-over-year (YOY).

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Hotel Business

OCTOBER 30, 2024

The latest Lodging Econometrics (LE) data from Q3 2024 reveals unprecedented growth in Canada’s hotel development pipeline, with key indicators suggesting an expansion phase is underway. British Columbia follows with a record 60 projects/8,420 rooms, while Quebec has 22 projects/2,547 rooms and Alberta with 16 projects/1,647 rooms.

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Scheduling Accounting 64

Modern Restaurant Management

APRIL 10, 2024

But if last year was any indicator, restaurant operators are on the road to relief in 2024. In 2024, we expect these trends to shape the restaurant sector. In 2024, restaurants should make the dining-out experience worth the price tag. And despite warnings of an imminent recession at the end of 2022, the U.S. Coffee in 2023.

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eZee Absolute

DECEMBER 7, 2023

And with so many evolving hospitality trends for 2024, it can be very confusing. And with the year coming to an end, it’s necessary to shortlist the top trends in the hospitality industry to look out for in 2024. Sustainability is no longer a buzzword in 2024; it’s a guiding principle that shapes the choices of modern travellers.

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Travel and Tourism Blog Guest Satisfaction Pricing 59

7 Shifts

JULY 20, 2024

or 70% This means that the restaurant's prime costs account for 70% of its total sales. Basic restaurant financial spreadsheets you’ll need Using a spreadsheet also simplifies the restaurant accounting process and generating financial statements. A good benchmark is to keep your prime costs 60% or lower of your total sales.

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Scheduling Pricing Budgeting Information 88

Hospitality Net

JANUARY 3, 2024

Professional Accounting Solutions (PAS), the preferred provider of back office and accounting solutions for the global hospitality industry and the leading provider of Infor SunSystems and Infor EPM services, announced it will present sessions at three of Infor’s upcoming Hospitality Customer Days events.

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STAAH

APRIL 30, 2024

Legacy system upgrades: Many hotels still rely on outdated legacy systems for operations such as property management, reservations and accounting. Here are some common scenarios where tech switching occurs.

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Guest Services Communication Property Management Reservations 88

7 Shifts

MAY 31, 2024

Since this is a WordPress plug-in, you only have to download it from the plug-ins page, and it will be automatically integrated into your WordPress account. billion social media users as of April 2024, restaurants that take advantage of various social media platforms are reaching a wider customer base than ever. With over 5.07

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