Hospitality Net

JANUARY 9, 2024

M3’s Accounting Core™ solution has been named 2024’s #1 Finance & Accounting Software by Hotel Tech Report, and M3’s Labor Management™ solution has been named 2024’s #2 Scheduling and Labor Management Software.

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Accounting Scheduling 70

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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Marketing Accounting Book 119

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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Presentation Accounting 98

Hospitality Net

AUGUST 22, 2024

Lodging Econometrics’ (LE’s) Q2 2024 Global Construction Pipeline Trend Report states that the total pipeline ascended to a record-high 15,453 projects with 2,395,726 rooms, up 6% by projects year-over-year (YOY) and 4% by rooms.

Accounting 75

Accounting 75

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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Budgeting Article Strategic Planning Accounting 108

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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Demo Events Book Workshop 130

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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POS Systems Back Office Operations Pricing Budgeting 196

Boutique Hotel News

NOVEMBER 24, 2022

Accor, Marriott, Hilton and IHG account for 46 per cent of projects in the total hotel construction pipeline in Europe. Next year, this is expected to rise to 408 new hotels and in 2024, 419 new hotel openings. This is expected to rise as 23 per cent of projects are yet to select a brand.

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Accounting 246

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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Article Events Accounting Marketing 108

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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Download Article Accounting 103

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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Marketing Article Book Presentation 109

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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Budgeting Travel and Tourism Pricing Article 109

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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Travel and Tourism Procurement Maintenance Information 109

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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Accounting Reservations Book 52

Modern Restaurant Management

AUGUST 6, 2024

Begin by promptly acknowledging and empathizing with the guest's concerns, followed by immediate action and accountability to resolve the issue. The top drivers we've identified in our 2024 restaurant report are comfort and relaxation, sensory delight, and personal connection.

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Pricing Accounting Presentation Budgeting 197

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 75

Modern Restaurant Management

JULY 23, 2024

Accounting for any other stipulations outlined in local labor laws. For example, a manager in a jurisdiction with a curfew for teens under 18 would need to account for that when scheduling employees, while a manager at the same franchise in a different city might not.

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Scheduling Accounting Training Front of House 203

Modern Restaurant Management

DECEMBER 28, 2023

Restaurant industry insiders offer their insights on F&B trends we can expect to see in 2024. Late Night Snacking : with the rise of trends like girl dinner this year, 2024 will be the year of late night snacking, with more consumers ordering delivery for food during late night hours.

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Reservations Marketing Download Scheduling 189

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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Accounting Training 105

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 98

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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Scheduling Accounting 74

Hospitality Magazine

AUGUST 21, 2024

The changes come into effect on 26 August 2024 for non-small business employers and 26 August 2025 for small business employers. Changes to casual employment A new definition of “casual employee” will be introduced to the Fair Work Act. All awards will be required to include a “right to disconnect” term by 26 August.

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Definition Document Information Accounting 238

Modern Restaurant Management

JULY 22, 2024

According to the National Restaurant Association, operators’ 2024 sales should exceed $1 trillion. percent for the 12 months ending in May 2024 , highlighting the pressing need for energy management solutions. According to the U.S. Bureau of Labor Statistics’ Consumer Price Index Summary, the electricity index went up 5.9

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Pricing Facility Management Maintenance Budgeting 197

Modern Restaurant Management

APRIL 8, 2024

The best food businesses look for solutions for their customers and also takes in account the customer’s customer in the case of food suppliers. These actions were the result in a strong mission that started at the top which dictated the actions which saved the company in the end (Johnson & Johnson, 2024). March 23, 2002.

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Front of House Customer Service Accounting Communication 187

Hospitality Net

JANUARY 28, 2024

According to our recent trend forecast for 2024, national parks, amazing views, and beach categories rank amongst the top booked categories for the year ahead. The popularity of nature getaways is also apparent through Airbnb’s top Instagram posts of 2023, featuring stays immersed in lush woodland and situated on stunning coastlines.

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Accounting Book 108

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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Marketing Accounting 98

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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Accounting Scheduling 59

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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Accounting Marketing 98

Hotel Business

JANUARY 25, 2024

JLL’s Hotels & Hospitality Group ‘s Global Hotel Investment Outlook 2024 forecasts that global hotel investment volume will increase 15% to 25% year-over-year. In 2024, the most-sought-after hotel assets will continue to be luxury properties, as well as those in the select-service and extended-stay sectors.

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Travel and Tourism Presentation Accounting Communication 126

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 98

Hotel Business

NOVEMBER 20, 2024

In Q3 alone, 97 new full-service hotel projects were announced into the pipeline accounting for 13,968 rooms. According to LE’s projections, this segment is poised for continued growth, with 235 new full-service projects totaling 35,416 rooms scheduled to open for all of 2024. Limited-service accounts for 81% of U.S.

Accounting 111

Accounting Scheduling Presentation Marketing 111

Modern Restaurant Management

JANUARY 31, 2024

Will 2024 be a comeback year for restaurants? Despite challenges including inventory costs, commission fees and staff turnover, many restaurant owners are expressing optimism about moving forward, according to TouchBistro’s 2024 State of Restaurants Report. I think automation will be the biggest trend of 2024.

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Multi-Unit Operations Bookkeeping POS Systems Pricing 203

Modern Restaurant Management

DECEMBER 12, 2022

This exposed restaurants to a much higher number of “card not present” transactions, which account for 80% of card fraud losses. Mastercard states that as of 2024, there will be no requirement for issuers to include a Magstripe strip on new cards. However, they’re not being entirely phased out until 2033.

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Presentation Accounting Events Information 218

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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Document Pricing Accounting Marketing 59

Boutique Hotel News

FEBRUARY 8, 2023

Expected to open in early 2024, the 57-room hotel will be operated in collaboration with Earth Suites & Resorts Private Limited – a hotel operator with properties in Amritsar, Goa and Raipur. At Wyndham, India accounts for more than 50 hotels across the country.

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Catering Accounting 147

STAAH

NOVEMBER 20, 2024

Steps for the New Login Process: Property creates the travel agent account. Passwords are no longer required to access the account. Instead of setting up and remembering a password, agents can now log in using a One-Time Password (OTP) sent to their email, making the login experience simpler and more secure. What are the steps?

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Book Information Accounting Download 97

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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Accounting Scheduling 98