Serviced Apartments

MARCH 6, 2024

UK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000. In today’s Spring Budget, Hunt outlined plans to increase the VAT registration threshold from £85,000 to £90,000 for small businesses.

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Hotel Owner

OCTOBER 10, 2024

However, the work is far from complete, with plans to finish the remaining Mercure rooms and further develop the conference center by mid-2025. We know we can compete more in leisure and look at a slightly different mix and source market.”

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Modern Restaurant Management

OCTOBER 30, 2024

Managing pricing strategies, adding value, and implementing smart promotions have become critical for operators to retain customers and prevent them from trading out of the foodservice market altogether. Consumers want to try something new, even if their primary reason for the visit is driven by price."

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Hotel Owner

OCTOBER 16, 2023

Elegant Hotel Collection is venturing into the luxury soft brand market with a portfolio of 25 luxury hotels and ambitious plans to add 50 more worldwide by the summer of 2024. Their offerings focus on quality, budget-friendly, and eco-friendly accommodations, making them attractive to a wider audience.

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Revenue Hub

AUGUST 1, 2024

NB: This is an article from Triptease , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Google has announced that their planned removal of commission bidding on metasearch will be pushed back from October 2024 to February 2025. Who does the CPC model work best for?

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Hotel Owner

JULY 11, 2024

The report stated that growth will moderate in 2025 but continue, albeit at a slightly lower rate of 6% next year and 7% in 2026. Work is expected to increase across the spectrum from budget hotels to high-end schemes. A 12% rise in the underlying value of projects securing detailed planning permission in 2023 will fuel this rise.

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Revenue Hub

MAY 3, 2024

This cautious approach to technology is often explained by the tight budgets and margins. However, this wait-and-see attitude leaves hoteliers vulnerable to being outpaced by market disruptors who are quicker to embrace innovation. It mandates the adoption of the EUDI Wallet by all member states by 2024/2025.

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Revenue Hub

FEBRUARY 20, 2024

Additionally, Google has announced that reconciliation for commissions per stay will be available for nine months post-deprecation (until July 31, 2025) providing hotels with ample time to manage any outstanding commission-based transactions. What does this mean for your hotel? First, it’s essential to understand the need for this transition.

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SiteMinder

SEPTEMBER 17, 2024

Unlike revenue management systems that have traditionally been accessible to a limited number of hotels, the dual capability within Dynamic Revenue Plus means any hotel can, for the first time, use one, mobile-first system to optimise their revenue based on market demand.

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Hotel Business

JUNE 5, 2023

In collaboration with Whitman Peterson , we expect to break ground on three Project MidX Studios this year, with anticipated openings in late 2024 or early 2025. The team created Project MidX Studios to reach both new customers and new markets. Leeny Oberg, CFO/EVP, development, Marriott International.

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Hotel Business

FEBRUARY 27, 2024

and Catskills, NY, with Asheville, NC, and Sequoia, CA, opening this summer and Hill Country, TX, in 2025. “We Located at each AutoCamp location is The Clubhouse, the social hub of the property, which serves food and beverage options from The Kitchen, and offers grab-and-go merchandise and retail items from a boutique market.

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Hotel Business

APRIL 12, 2023

-based and European executives with travel budget oversight, fielded between Feb. Full recovery following the pandemic appears likely by late 2024 or early 2025. and 45% in Europe say they are in the process of implementing a structure to assign carbon-emission budgets to teams alongside financial budgets.

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Hotel Owner

FEBRUARY 26, 2024

Led by Neena Gupta, CEO at Miiro, the team of industry experts will be responsible for launching and establishing the Miiro brand in Europe, including the launch of its London hotel, Templeton Garden in Earl’s Court, in 2025. The new hotel will feature 156-rooms, a café-meets-deli, restaurant, bar and a standout garden.

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Revenue Hub

APRIL 14, 2023

-based and European executives with travel budget oversight, fielded between Feb. Full recovery following the pandemic appears likely by late 2024 or early 2025. and 45% in Europe say they are in the process of implementing a structure to assign carbon-emission budgets to teams alongside financial budgets.

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Smart Brief Hospitality

MARCH 17, 2023

Additionally, 62% of corporate travel managers predict that their companies’ eco-friendly initiatives will result in a reduction in travel of over 25% by 2025. It’s important to note that consumers’ travel budgets have decreased since 2021, with one in seven travelers currently saving up for an overseas trip.

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Hotel Owner

SEPTEMBER 20, 2024

A final draft of the levy scheme is expected to be presented for approval in early 2025. However, as the levy is capped at seven consecutive nights, the impact on extended stays or high-value bookings (such as luxury hotels) may be more pronounced than on shorter, budget stays.

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Smart Brief Hospitality

MARCH 17, 2023

Additionally, 62% of corporate travel managers predict that their companies’ eco-friendly initiatives will result in a reduction in travel of over 25% by 2025. It’s important to note that consumers’ travel budgets have decreased since 2021, with one in seven travelers currently saving up for an overseas trip.

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Workforce Bulletin

JULY 14, 2023

Under the Implementation Plan this should be completed by September 30, 2025. This strategic objective includes an initiative for the Office of Management and Budget (OMB) to implement Federal Acquisition Regulation (FAR) requirements in line with the Internet of Things Cybersecurity Improvement Act of 2020, which we have written about here.

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Smart Brief Hospitality

JUNE 24, 2024

According to a Goldman Sachs report, global investment in AI is projected to reach an astonishing $200 billion by 2025. For instance, AI can analyze guest preferences and feedback to develop new recipes tailored to specific tastes, or it can help create entirely new business models based on predictive analytics and market trends.

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Modern Restaurant Management

MAY 18, 2021

Ghost kitchens require a healthy marketing budget, with many deploying successful social media campaigns and even partnering with food influencers to generate buzz. It’s estimated that digital ordering will overtake in-person ordering at quick service restaurants (QSRs) by 2025, with 54 percent of sales going digital.

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SiteMinder

FEBRUARY 25, 2024

Hospitality is forever changing, in response to new technologies, market trends, customer tastes and more. Between 2022 and 2027 the luxury hotel market is set to grow by US$54.46 Arrivals into Asia-Pacific are predicted to reach pre-pandemic levels in 2024 or 2025. What is hospitality industry news? billion at a CAGR of 4.5%.

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The Restaurant Times

AUGUST 11, 2021

The Indian beer market is projected to grow at a Compound Annual Growth Rate (CAGR) of around 11 percent in the forecasted period of 2021-2025, as per the market report Globe Newswire. . With the expanding market, the restaurateurs must know which brewery format they should invest in. Microbreweries.

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The Restaurant Times

AUGUST 11, 2021

The Indian beer market is projected to grow at a Compound Annual Growth Rate (CAGR) of around 11 percent in the forecasted period of 2021-2025, as per the market report Globe Newswire. . With the expanding market, the restaurateurs must know which brewery format they should invest in. Microbreweries.

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Budgeting Pricing Marketing Presentation 52

Modern Restaurant Management

APRIL 20, 2021

With just under 50 percent of people planning to host their event outside, restaurants, hotels and venues with an outdoor space should begin promoting these offerings through their marketing and social channels. Local Marketing Impact. 30 percent of respondents shared they will be hosting their event at their home. Arby’s.

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Boutique Hotel News

JANUARY 27, 2023

The tax is introduced alongside a green incentive to motivate project teams to implement sustainability efforts exceeding market standards and secure above average sustainability certifications. In the living sector, rising interest rates equate to higher mortgage costs, which mean bigger potential markets for BTR and coliving.

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Modern Restaurant Management

SEPTEMBER 10, 2021

Ike’s Love & Sandwiches made a strategic investment in Los Angeles phenomenon Bangin’ Buns with plans to expand the young concept across Southern California and bring the brand to new markets. “Both Ike’s and Bangin Buns have unique flavorful products unlike anything available in the market today.”

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Modern Restaurant Management

JANUARY 17, 2020

. "To further support our franchise development initiatives, we will be working with Lynette McKee– an industry expert with over 30 years of experience in franchising – to identify franchise partners in targeted international markets and leading U.S. Boston Market, Darden Restaurants, Inc.

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Modern Restaurant Management

DECEMBER 12, 2019

As part of these agreements, Tropical Smoothie Cafe restaurants will be developed in key markets throughout the state over the next five years. Salata is currently in high-growth mode and is actively seeking to expand into new markets in 2020. Existing markets poised for growth include Dallas, Houston, Chicago and Los Angeles.

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EATER

AUGUST 11, 2023

EPNI will oversee the renovation and buildout process , which will cost an estimated $22 million to $25 million with the first phase expected to be completed by summer 2025. In addition to a solar-powered high-tech indoor urban farm, the vision includes housing units, cultural markets, community gathering spaces, job training sites, and more.

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Modern Restaurant Management

NOVEMBER 1, 2024

Growth & Expansion On The Menu for 2025 Restaurant operators are feeling similarly confident about opening a new location within the next six to 12 months. percent of Americans’ food budgets are now spent on dining out and takeout, marking a record high, while spending on food at home has dropped to 44.3

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Modern Restaurant Management

AUGUST 25, 2021

“As we begin our aggressive growth into new markets, there is no better partner than Meritage. Its commitment to quality has established the brand as the go-to restaurant in its markets. Additionally, the brand signed 14 franchise agreements for target markets such as Florida, Texas, Virginia, and Indiana.

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Modern Restaurant Management

DECEMBER 9, 2019

With this combined solution, operators can offer their employees financial wellness benefits such as free, instant earned wage access, budgeting tools, zero-fee checking accounts, and debit cards, with virtually no effort. ” Revolution Adds Taylor. Rob Taylor. ” Tips for Tots.

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Hotel Business

SEPTEMBER 18, 2024

SiteMinder has unveiled Dynamic Revenue Plus , which allows hotels to access live market intelligence and take immediate action on their bookable inventory, pricing and distribution strategy. Dynamic Revenue Plus is powered by the data within SiteMinder’s platform, which stems from 120 million annual hotel.

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EATER

FEBRUARY 23, 2023

Other states have more gradual timeframes, including California, which began phasing in its overtime law in 2019 and will conclude in 2025, at a 40-hour threshold. Tree fruit growers do not set their prices, but must try and produce fruit at a cost at or below the prevailing market price,” he said in an email.

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