Hotel Business

NOVEMBER 8, 2024

The upper-upscale, upscale and upper-midscale chain scales account for 61% of projects and 64% of the rooms in the pipeline. Looking ahead, the LE forecast for new hotel openings expects an additional 339 new hotels with 72,518 rooms to open in 2025, followed by 337 new hotels with 65,668 rooms in 2026.

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Hospitality Magazine

OCTOBER 9, 2024

A few years ago, Australian roasters Single O determined that spent coffee grounds accounted for more than 20 per cent of its carbon emissions. Single O aims to halve carbon emissions by 2026 and achieve Net Zero by 2030. The number shocked CEO Mike Brabant.

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Modern Restaurant Management

JUNE 7, 2023

In fact, the growth of digital food management solutions from 2021 to 2026 is predicted to be $2.39 Additionally, more sophisticated sensors can ensure temperature data is recorded during power outages and backlogged data is properly accounted for, which is especially important when outages occur overnight or after hours.

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Hotel Business

OCTOBER 29, 2024

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. Looking ahead, LE forecasts 759 new hotel openings/86,264 rooms in 2025 and 938 new hotel openings/101,017 rooms in 2026. In Q3, five U.S.

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Revenue Hub

JUNE 11, 2024

trillion and accounting for nearly 70% of the global economic impact. billion by 2026, growing at a CAGR of over 9.7% from 2021 to 2026. A study by PwC predicts that the most significant boosts to GDP from AI will be in China (26% in 2030) and North America (14.5%), totaling a staggering $10.7

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Hotel Business

AUGUST 15, 2024

According to the Q2 report, projects under construction have hit a new all-time high of 2,743 projects with 498,551 rooms, accounting for 72% of the projects in China’s total pipeline and growing 3% by projects and 4% by rooms YOY. LE analysts forecast a total of 937 new hotels and 139,673 new rooms to open by year-end 2024.

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Hotel Business

AUGUST 12, 2024

The upper upscale, upscale and upper-midscale chain scales dominate the pipeline, accounting for 62% of projects and 65% of rooms. Countries with the most projects in the APEC construction pipeline at Q2 are led by India with a record-high 610 projects with 75,280 rooms and accounting for 30% of the projects in the total APEC pipeline.

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Hotel Business

NOVEMBER 13, 2024

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. Projects in the early planning stage comprise 508 projects/72,329 rooms, accounting for 31% of the projects and 29% of the rooms in the total pipeline.

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Hospitality Net

JULY 9, 2024

Following the last edition published in 2014, the new 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI) has its debut this year (the e-book version is now available) and will be placed in effect on January 1, 2026.

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Hotel Business

AUGUST 7, 2024

Chain scale segments with the largest number of projects in Canada’s total pipeline at the Q2 close include the upper-midscale segment with 131 projects/13,822 rooms, accounting for 41% of the project and 34% of the rooms in the country’s total pipeline, and the upscale chain scale with 57 projects/7,850 rooms.

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Hotel Business

OCTOBER 31, 2024

Geographically, Mexico (229 projects/35,975 rooms) and Brazil (103 projects/15,731 rooms) accounted for a significant 52% of the total project count and 50% of the room count. The Dominican Republic followed with an all-time high of 59 projects/14,407 rooms, then Colombia with 27 projects/3,671 rooms.

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Hotel Business

NOVEMBER 18, 2024

At the close of the third quarter, projects currently under construction stand at 296 projects/79,978 rooms, accounting for 49% of the region’s total pipeline projects. Through the third quarter of 2024, the Middle East opened 51 new hotels accounting for 9,356 rooms, of which 14 new hotels/2,504 rooms opened in Q3.

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Revenue Hub

NOVEMBER 8, 2024

Per the 11th edition of the Uniform System of Accounts for the Lodging Industry , guest loyalty program fees “includes any costs associated with programs designed to build guest loyalty to the property or brand.” CBRE will begin to benchmark these additional costs in 2026 as the new USALI is adopted by the industry.

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Hotel Business

AUGUST 8, 2024

The Q2 2024 Latin America construction pipeline trend report from Lodging Econometrics (LE) indicates a positive growth trajectory for the region’s hospitality sector, with stable growth in new hotel openings forecast through 2026. These two countries account for 52% of the projects and 49% of the rooms in the total pipeline.

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Hotel Business

JULY 11, 2024

A newly revised edition of the Uniform System of Accounts for the Lodging Industry (USALI) is now available, published by Hospitality Financial and Technology Professionals (HFTP). ” Periodically, the USALI undergoes revision to align with the evolving landscape of hotel operations and accounting standards.

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Serviced Apartments

NOVEMBER 18, 2024

The property is scheduled for completion in 2026 and marks the third location in Bremen for the group. Elsewhere in Europe, limehome has also signed office conversion projects in Salerno and Milan which are expected to open in 2026 and 2027 respectively. An additional 3,000 converted apartments are planned until 2027.

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Hotel Business

NOVEMBER 11, 2024

Combined, these two chain scales account for 59% of both projects and rooms in China’s hotel construction pipeline. In 2026, analysts expect another 799 new hotel openings with 150,069 rooms to open. The upscale chain scale ended Q3 with 1,026 projects/224,688 rooms, up 14% by projects and 9% by rooms YOY.

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Hotel Business

MAY 23, 2023

Projects under construction stand at 814 projects/125,657 rooms, while projects scheduled to start construction in the next 12 months account for 419 projects/62,625 rooms. These five countries account for 54% of projects and 51% of rooms in the region’s total pipeline at Q1.

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Hotel Business

AUGUST 21, 2024

Three chain scales dominate the Middle East’s total pipeline in the second quarter, accounting for 77% of projects and 79% of rooms. Looking ahead, new hotel openings are forecast to increase slightly in 2025 to 102 new hotels with 25,914 rooms, and further in 2026 with 121 new hotels and 24,766 rooms expected to open.

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Hotel Business

JULY 31, 2024

However, Phoenix’s projects account for more rooms at 3,993, compared to Nashville’s 3,049 rooms. Three hundred one new project announcements (NPAs), accounting for 39,793 rooms, were announced during the second quarter. New York leads with 46 projects totaling 7,572 rooms, followed by Dallas with 30 projects and 3,523 rooms.

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Hospitality Net

JUNE 28, 2024

Following the last edition published in 2014, the new 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI) has its debut this year (the e-book version will be available in July) and will be placed in effect on January 1, 2026.

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Hotel Owner

JULY 31, 2024

The trade organisation has argued that evidence submitted to the LPC was “out of date” and that it would have been better to wait until 2026 to make changes.

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Serviced Apartments

APRIL 2, 2024

Wyndham holds the highest number of units in Phuket’s branded residences primary market – accounting for 46 per cent of market share. New brands to enter the market include The Standard (scheduled to open in Bangtao, 2026) and Rosewood (opening in Kamala, date to be announced).

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Modern Restaurant Management

SEPTEMBER 14, 2021

.” “Many of our TEAM Members stay a long time with TSFR – a testament to our accountable culture, family atmosphere and commitment to training and development,” said Bill Angott, President and Chief Executive Officer at TSFR. Cynthia (Cyndi) Barnes: Director of Accounting | 35 years. To ensure accountability: ?

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The Restaurant Times

JULY 31, 2020

Billion by 2026, at a CAGR of 17.2%. Include all the primary keywords on your website pages and ensure that your restaurant’s Google My Business account is up to date. Cloud kitchen has become one of the fastest-growing segments in the foodservice industry today. Don’t forget to optimize your website for mobile devices. .

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The Restaurant Times

JUNE 4, 2020

Billion by 2026, at a CAGR of 17.2%. Also, consider optimizing the route plans while taking employee scheduling into account. . Cloud Kitchens, also known as ghost kitchens, dark kitchens, virtual restaurants, and delivery-only restaurants, have proved to be the next big thing in the restaurant industry. Put Automation In Place.

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Revenue Hub

DECEMBER 8, 2023

Gen Z Is Shaking Up Guest Expectations Gen Z, which includes those born between 1996 and 2010, is expected to become the largest consumer group in the US by 2026 , at 82 million. Hotels that provide amenities such as strong, secure wifi, tech-inspired coworking lobbies, and off-hours guest experiences can appeal to this growing segment.

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Revenue Hub

OCTOBER 28, 2022

A Global Business Travel Association (GBTA) report estimated a full recovery of global business travel by 2026 – a result of many factors such as the Russian-Ukraine conflict causing inflation, high energy prices, labor shortages, supply chain, and frequent lockdowns in the world’s largest nation, China.

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The Restaurant Times

AUGUST 23, 2021

According to a report by Business Wire , the Indian online delivery market is expected to grow at a formidable rate of 28.94% in the forecast period of 2020-2026. Now they are more reliant on online ordering services and less on dine-in services for boosting revenues and helping restaurants survive. .

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Serviced Apartments

OCTOBER 31, 2024

. • Business rates for retail, hospitality and leisure properties There will be a permanently lower business rates multiplier f0r retail, hospitality and leisure [RHL] properties from 2026/2027. A 40 per cent relief on business rates will be provided with a cap of up to £110,000 per business for 2025 and 2026. •

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The Restaurant Times

DECEMBER 22, 2021

If you’re interested in striking a chord with Gen Z, consider setting up social media accounts and using them as a customer service channel. Even billboards continue to attract diners, but how can you attract and capture the next generation’s attention and loyalty? Hence, it is more lucrative to open a takeaway restaurant now.

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Modern Restaurant Management

DECEMBER 17, 2024

It automatically extracts key order details—such as account information, location, and the orderer's name—regardless of how the order is submitted. With the Food Safety Modernization Act (FSMA) taking effect in 2026, what industry needs to know in 2025: The first step is to standardize your data.

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Hotel Business

AUGUST 15, 2023

Global spending is expected to recover to pre-pandemic levels by the end of 2024—faster than the previously projected mid-2026 forecast in last year’s BTI Outlook. On average, lodging accounts for $391 and food and beverage is $189. The estimated breakdown of the $1.03

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Les Roches

AUGUST 12, 2022

billion by 2026, so taking on a role in hotel property management is a great way to futureproof your career. This might involve reaching out to new contacts to try to secure new accounts or maintaining great relationships with existing clients to secure repeat business. Property management. Sales management. Listen to your guests.

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7 Shifts

JUNE 16, 2024

Start an Instagram account and use relevant hashtags In the digital age, food and beverages are no longer just for "enjoyment"—they have transitioned into clickable status symbols. billion by 2026. This should be good news for your business, as private party patrons eat and drink more than usual.

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Hotel Business

AUGUST 22, 2024

Upper-midscale, upscale and the midscale chain scales dominate the pipeline at Q2, accounting for 65% of the projects in the total pipeline. accounts for 39% of the projects in the global pipeline, while China accounts for 25%, resulting in 64% of the global pipeline being concentrated within just two countries.

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Modern Restaurant Management

DECEMBER 16, 2019

November and December purchases typically account for upwards of 50 percent of annual gift cards sales. While gift cards account for 6.3 "The event planning industry is booming, with demand for event planners expected to grow between now and 2026, and job growth rising to 11 percent," said Jonathan Morse, CEO of Tripleseat. "Professionals

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