Hotel Owner

MARCH 3, 2025

in 2024 as cost-of-living pressures have started to ease, according to RSM The RSM Hotels Tracker: Focus on Asset Classes found that occupancy for mid market hotels rose from 75.8% across budget hotels. in 2024, and was even greater in London, increasing from 388.85 in 2024, but rates were flat for budget hotels at 97.77.

Budgeting 59

Budgeting Marketing 59

Lodging Magazine

NOVEMBER 5, 2024

My hotel is currently operating on a very tight budget, and I am struggling to get necessary system upgrades approved to ensure proper security measures are being met. Whether you’re managing a hotel or any […] The post Ask Anthony: Getting System Upgrades Approved on a Tight Budget appeared first on LODGING Magazine.

Budgeting 69

Budgeting Magazine 69

Hospitality Magazine

MAY 15, 2024

Restaurant & Catering Australia has commented on the Albanese Goverment’s Federal Budget, stating it has “missed an opportunity to assist a sector that is already in pain” Treasurer Dr Jim Chalmers handed down the 2024-2025 Budget on Tuesday, with hospitality businesses set to benefit from just a handful of policies.

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Budgeting Catering Training 130

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. Here, we share five ways to improve budget accuracy and performance in uncertain times. So, we’re able to be more aspirational,” he said.

Budgeting 109

Budgeting Article Strategic Planning Accounting 109

Revenue Hub

JANUARY 22, 2025

Campaign Research and Strategy Launched in March 2024, the campaign was designed to align with their limited marketing budget of $9,000 per year ($750 monthly). While this budget wasnt enough to dominate impression share, we maximized impact through careful research and execution. Cost-Per-Click (CPC): $1.32

Budgeting 109

Budgeting Events Article Marketing 109

Hotelogix

NOVEMBER 19, 2024

The 2024 Lodging Technology Survey by Hospitality Technology indicates that approximately 56% of hoteliers globally are actively seeking ways to cut the costs associated with managing technology. We know that you also know that this is a pressing issue. But have you given it any thought? Hold on!

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Demo Housekeeping Maintenance Server 243

STAAH

JANUARY 5, 2025

The data also reveals OTA dominance and influence at every stage of trip planning and booking thanks to their unmatched reach and budgets. However, a diversified distribution strategy is apparent looking at the mix of types of OTAs as well as global distribution systems, websites and wholesalers being relied on for online bookings.

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Book Travel and Tourism Budgeting Catering 109

Hospitality Magazine

DECEMBER 1, 2024

Other considerations Budget Budget is often aligned with occasion and can vary greatly depending on your customers’ confidence with wine. There are quality Australian wines at all price points, and the customer will have a more enjoyable experience if you stick to their budget, and may be more inclined to order another bottle.

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Budgeting Pricing Accounting Magazine 130

Hotel Owner

NOVEMBER 19, 2024

The number of hospitality businesses entering insolvency eased slightly in Q3 2024, yet remained historically high, reflecting challenging trading conditions for the industry. Recent budget changes won’t have helped.”

Budgeting 98

Budgeting 98

Hospitality Net

OCTOBER 19, 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. What unique challenges are hotels facing in the 2024 budgeting and planning process? HotStats reached out to global hospitality leaders to find out.

Budgeting 101

Budgeting 101

Hospitality Net

NOVEMBER 8, 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. Here, we share five ways to improve budget accuracy and performance in uncertain times.

Budgeting 98

Budgeting Article 98

Revenue Hub

SEPTEMBER 18, 2024

Budgeting in hotels is one of the core tasks of revenue management and plays a crucial role in managing operational and financial efficiency. The budget serves as the basis for financial planning, control, and decision-making. Theoretical Foundations of Hotel Budgeting A budget primarily serves to plan and control a company’s finances.

Budgeting 104

Budgeting Housekeeping Pricing Article 104

Hospitality Net

SEPTEMBER 20, 2023

Budgeting effectively is a challenge at the best of times, but hoteliers looking to set their 2024 budgets have to do so amid lingering uncertainty across the travel industry.

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Budgeting 97

Boutique Hotel News

MARCH 15, 2023

UK: Today, the Chancellor of the Exchequer Jeremy Hunt has outlined his Spring Budget. Contents of the Budget which affect hospitality includes: • From August, alcohol taxes on wines will rise by up to 50p a bottle but the duty charged on draught beer will be up to 11p lower than the duty in supermarkets. • million) will be abolished.

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Budgeting Pricing Presentation Marketing 130

Hospitality Net

SEPTEMBER 5, 2023

As the hotel industry prepares for its annual budget planning for 2024, we’re at a critical moment where technology and financial strategy blend together. This goes beyond simply setting aside funds for new digital tools; it’s about fully integrating technology into our financial and operational plans.

Budgeting 98

Budgeting 98

STAAH

JANUARY 6, 2025

Wielding unmatched reach and budgets, OTAs continue to dominate by influencing every stage of trip planning and booking. Top 10 Online Channels 2024 – Vietnam In Singapore , Agoda, Booking.com, Trip.com, Expedia and Traveloka held the top five spots. Direct bookings via hotel websites slowed down in the region, down two spots.

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Book Travel and Tourism Budgeting Reservations 109

Hospitality Net

FEBRUARY 12, 2024

As hospitality businesses navigate a “new normal” in 2024, many of the top owners and operators have shifted focus from traditional annual budgeting to a more dynamic and responsive forecasting approach. Let’s explore key budget and forecasting strategies to guide you in 2024.

Budgeting 88

Budgeting 88

STAAH

JANUARY 6, 2025

OTAs continue to dominate and influence every stage of trip planning and booking thanks to their unmatched reach and budgets. Top 10 Online Channels 2024 – United Kingdom STAAH GDS made the largest jump in the Middle East , up four spots to number five in 2024. Trip.com was another new entrant at number 6.

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Book Travel and Tourism Budgeting Reservations 109

Revenue Hub

NOVEMBER 3, 2023

For hotel owners and operators alike, the annual budget is often a gruelling and time-consuming process. Are there ways to make the 2024 budgeting process more streamlined and efficient? Start Early but Submit Late Hoteliers often complain that the budgeting process seems to start earlier every year.

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Budgeting Strategic Planning Article Accounting 109

Revenue Hub

NOVEMBER 8, 2023

As we enter the fourth quarter of the year, hotel marketers should outline their goals for 2024. NB: This is an article from Travelboom Hoteliers understand the importance of budget season, but often dread dealing with the details. Some may not even know where to begin. SWOT Analysis for Hotels Do you have a hotel SWOT analysis?

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Budgeting Marketing Customer Service Article 104

Hospitality Magazine

MARCH 3, 2025

This tells us that for many Australians, the ease and enjoyment of dining out often takes priority over sticking to a budget.” ” Australians have increased their household spend at cafes, restaurants, and hotels by 72 per cent over the past 4 years, according to ABS data, but growth slowed in 2024 to 4.3

Budgeting 130

Budgeting Catering Pricing Magazine 130

eHotelier

MAY 30, 2024

International hotel brands will continue to pour into Spain, according to Global Asset Solution’s Spanish Hotel Market Outlook 2024.

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Budgeting Marketing 130

Hotel Owner

MARCH 15, 2023

Corporation tax is set to rise from 19% to 25% for firms with profits over £250,000, as part of a number of measures announced in chancellor Jeremy Hunt’s Spring Budget. As part of the budget no further changes were announced on VAT, income tax or National Insurance levels. in 2024 but warned the government must remain “vigilant”.

Budgeting 105

Budgeting Pricing 105

Soft Inn

DECEMBER 28, 2023

In response to the recent announcement in Malaysia's Budget 2024 presented in Parliament, a significant development is on the horizon that may cast a substantial impact on the hotel industry. There is a proposed increase in the Sales & Services Tax (SST) from the current 6% to 8% which might take effect from 1st March 2024.

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Budgeting Presentation 130

Modern Restaurant Management

NOVEMBER 12, 2024

2024 disasters like Hurricanes Helene and Milton are strong examples of how catastrophic weather can be, leaving businesses devastated and communities with billions in damages. Sadly, these events are only becoming more frequent; in 2023 alone, the U.S.

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Training Communication Information Events 189

Modern Restaurant Management

FEBRUARY 5, 2024

Pizza Ordering Predictions HungerRush released the results of a national dining survey on 2024 pizza ordering predictions for The Big Game (February 11) and National Pizza Day (February 9). Restaurateurs are not only investing in AI to address labor challenges – more established automation tools are also on the agenda in 2024.

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Marketing Budgeting Cost Reduction Pricing 196

Modern Restaurant Management

APRIL 14, 2025

Among the report highlights: Cost-conscious diners are rolling back their spending, not cutting it out: 45 percent of surveyed diners report they are visiting restaurants less often due to rising prices, with nearly half saying they’ve decreased their dining-out budgets in the past six months. Diners are willing to embrace voice AI.

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Pricing Guest Satisfaction Budgeting Definition 132

Revenue Hub

SEPTEMBER 5, 2023

Planning the budget for your hotel is crucial for financial success. Subscribe to our weekly newsletter and stay up to date In this guide, we’ll break down everything you need to know about budgeting with revenue best practices in mind. You’ll need to address problem areas in your 2024 hotel budget. Let’s dive in!

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Budgeting Accounting Pricing Article 108

Modern Restaurant Management

JANUARY 30, 2024

So, what can the QSR industry expect in 2024? As consumers continued to watch spending during the holiday-laden end of the year, QSRs remained a budget-friendly way for guests to enjoy dining out without overspending. Looking back at last quarter’s performance suggests the glass is proverbially half full. percent.

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Pricing Budgeting Marketing 162

Revenue Hub

NOVEMBER 14, 2024

billion in Google Ads, and for Black Friday 2024, they’re expected to more than double that, with an estimated $12 billion in total marketing spend. With a smart, guest-focused strategy, even a modest marketing budget can make a significant difference. As Black Friday approaches, the competition in the travel industry is heating up.

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Book Article Budgeting Marketing 109

Lodging Magazine

NOVEMBER 11, 2024

While “big box” hotels and major resorts often employ dedicated security personnel, the staff budget for smaller properties typically does not allow for those roles, especially with the rising wages brought about by the labor shortage. Thus, building a “security culture” among all onsite staff is even more critical at smaller hotels.

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Budgeting Magazine 111

Luxury Hospitality Magazine

DECEMBER 17, 2024

An extraordinary 2024 for the Borghese Contemporary Hotel, a 4-star property in the heart of Rome, solidifying its position in the city’s hotel scene. In its first year of operation, the boutique hotel far exceeded the initial budget set at the start of the season, recording an annual occupancy rate of 97%.

Budgeting 52

Budgeting Magazine 52

eHotelier

FEBRUARY 13, 2024

According to the 2024 Lodging Technology Study, 100% of survey respondents (hotel professionals representing more than 10,000 properties worldwide, including luxury, upscale, midscale, and economy brands) say their IT budgets will increase or hold steady this year.

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Book Budgeting Property Management 130

Hotel Owner

FEBRUARY 29, 2024

Hospitality CEOs from groups including Mitchells and Butlers, Accor Hotels, Stonegate Pubs and Crerar Hotels have signed an open letter urging the Chancellor to take immediate action at the budget to prevent further business failure.

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Budgeting 98

Hotel Business

JANUARY 29, 2024

Hotels are projected to pay a record amount of wages and generate a record level of tax revenue in 2024, according to the American Hotel & Lodging Association’s 2024 State of the Hotel Industry report. billion in state and local tax revenue in 2024, up from nearly $52.4 in 2024—up from the 62.9% billion in 2019.

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Budgeting Pricing 118

Hospitality Net

OCTOBER 15, 2024

The Hospitality Asset Managers Association (“HAMA”) today announced the results of its Fall 2024 Industry Outlook Survey. The semi-annual report conveyed the latest opinions, experiences and predictions of nearly 70 hotel asset managers on topics ranging from budget forecasts to management company outlooks.

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Budgeting 104

Hospitality Net

JANUARY 10, 2024

Hilton’s recent Trends Report, surveying over 10,000 globetrotters, reveals that 2024 is shaping up to be a year when wanderlust takes center stage. A whopping 64% of travel enthusiasts are reshaping their budgets, cutting back on other expenses to fuel their globetrotting desires. Ready to pack your bags and dive into new adventures?

Budgeting 75

Budgeting 75