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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Accounting Book 45

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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Accounting Scheduling 59

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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Accounting Scheduling 59

Hotel Business

OCTOBER 30, 2024

Ontario dominates provincial hotel construction, accounting for 59% of projects and 61% of rooms countrywide with record counts of 193 projects/24,697 rooms. Scheduled new hotel openings for 2026 are anticipated to be 44 hotels adding another 5,079 rooms, a 1.4% increase in supply.

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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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Accounting Scheduling 59

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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Accounting Magazine 130

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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Scheduling Accounting 59

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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Scheduling Accounting 59

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 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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Accounting Scheduling 59

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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Scheduling Accounting Presentation Information 59

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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Scheduling Accounting 59

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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Budgeting Accounting 52

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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Travel and Tourism Download Scheduling Accounting 52

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.

Accounting 64

Accounting Marketing Scheduling 64

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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Book Article Housekeeping Reservations 96

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

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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Accounting Scheduling Events 59

Modern Restaurant Management

AUGUST 31, 2022

trillion by 2026 , validating consumers’ desires to have and use gift cards. By outsourcing a gift card program, restaurants can welcome the benefits of a gift card program without having to worry about the complexities that come with issuance, compliance, management, processing, accounting, distribution and promotion.

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Program Management Accounting Pricing Marketing 208

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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Back of House Budgeting Scheduling Accounting 167

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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Budgeting Travel and Tourism Property Development Accounting 52

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

Accounting 52

Accounting Pricing Marketing Book 52

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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POS Systems Marketing Catering Accounting 59

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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Marketing Information Accounting Communication 95

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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Travel and Tourism Procurement Maintenance Information 99

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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POS Systems Budgeting Marketing Customer Service 52

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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Kitchen Operations Scheduling Accounting Communication 80

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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Reservations Book Catering Special Events 76

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: ?

Accounting 173

Accounting L&D Marketing POS Systems 173

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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Communication Housekeeping Customer Service Training 52

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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Marketing Catering Events Reservations 78

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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Events Pricing Marketing Cost Reduction 128

Modern Restaurant Management

FEBRUARY 1, 2021

We believe that, in order to offer better platforms, managers should take this into account when designing reputation mechanism and recommendation systems on their platforms.” According to a new study published by Polaris Market Research the worldwide Restaurant POS Terminals market is anticipated to reach USD 30,966 million by 2026.

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Travel and Tourism Pricing Marketing Customer Service 133

Modern Restaurant Management

AUGUST 25, 2021

Per the terms of the agreement, the group will build 50 new Taco John’s restaurants by March 31, 2026 with options to develop an additional 150 restaurants. ” Corporativo GES also chose Oracle NetSuite to streamline its accounting and inventory process and unify information from MICROS Simphony.

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Catering Marketing Multi-Unit Operations Information 167

EATER

AUGUST 3, 2021

The current regime has plans to increase it by an additional 50 percent by 2026. All of these resources are communal — the valuable herd of cattle is the closest thing the farmers have to a collective savings account. If that happens, SPFT’s already precarious position is guaranteed to worsen.

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