This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In total, it was found 86 per cent of the businesses had breached workplace laws. Those doing the wrong thing are being found out and held to account.” ” Thirty-nine compliance notices were issued to businesses, resulting in the recovery of $447,339 for 365 employees. In 202324, the regulator recovered $5.6
Peachtree Group has appointed Josh Rubinger as SVP, national accounts for its broker-dealer affiliate, Peachtree PC Investors (PPCI). His role will focus on business development; overseeing relationships with broker-dealers and registered investment advisors (RIAs); and supporting the distribution of the firms investment offerings.
Aptech, a leading provider of enterprise accounting, business intelligence, financial planning and management solutions for the hospitality industry, today announces that Baymahni Resort in the Bahamas has selected its PVNG accounting solution to manage the resort’s finances through its renovation and construction phase, as well as for ongoing operations (..)
79 per cent of businesses had breached workplace laws varying from failing to pay penalty rates to underpaying minimum wages as well as pay slip breaches. 370 workers now have money back in their pockets as a result of the blitz, which found one business had underpaid 10 workers a total of $65,986.
This isn’t a dry accounting lesson—it’s a dynamic session designed to help you decode your numbers and turn financial data into a strategic advantage! Key Metrics that Matter 🔑 Discover essential financial ratios and indicators that tell the real story of your business.
NB: This is an article from Travelboom Subscribe to our weekly newsletter and stay up to date Whether youre running a hotel or bed & breakfast, you can use a hotels Google Business Profile to promote your property and increase your presence in the local search results. Choose the correct business from the search results.
Myth 1: A Siloed System Is Business Intelligence In the hotel industry, it’s common to use separate systems for reservations, property management, customer relationship management (CRM), and accounting. Some hoteliers believe that the reporting capabilities within these individual systems equate to a comprehensive BI solution.
Business agility is a requirement for survival and growth in today’s market competition. Let’s explore how advanced techniques of data management can help ensure long-term business success and resilience by driving business agility. Agile businesses can pivot their strategies, optimize operations and innovate to stay relevant.
Inspectors are on the ground in one of Sydneys hospitality hubs this week speaking with employees and holding employers to account if they are not following workplace laws, including due to any unpaid work, said Fair Work Ombudsman Anna Booth. Most of the businesses are cheap eat venues. .”
Restaurant accounting isn’t easy. Learning basic accounting is like studying a different language, regardless of how many decades you have in the restaurant industry. Learning basic accounting is like studying a different language, regardless of how many decades you have in the restaurant industry. Sounds complicated?
In response to a rapidly changing landscape, evolving legislation, and increasing awareness of workplace challenges, businesses are recognising the critical need to create environments where employees feel safe, supported, and valued. This means fostering a culture where team members can confidently speak up, share ideas, and raise concerns.
These multi-sided businesses are complex and come with their own unique set of fraud challenges. They will create multiple fake accounts in bulk and then sell them to those looking for a discount on food. What are some common fraud activities you are seeing that affect restaurants? In 2023, over 1.5 million restaurants in the U.S.
If you’re working with a PR agency, put together a list of publications you’d like to be featured in and have an account manager pitch to editorial teams with information about your venue as well as an invitation to come in. For example, if your business is minimal by nature, the same approach should be taken with the website.
Management company Lodgco Hospitality has appointed Jennifer Stanley as VP, accounting. Stanley brings more than 20 years of accounting experience across various industries, including hospitality. ” The post Jennifer Stanley named Lodgco VP, accounting appeared first on hotelbusiness.com.
The Role of Social Media in Modern Business In the digital era, where connectivity defines success, social media is pivotal in business communication strategies. Businesses can reach vast audiences quickly and precisely through platforms like Facebook, Instagram, X, and LinkedIn.
Commit to Sustainability and Environmental Responsibility Sustainability practices not only secure long-term business success but also resonate deeply with Gen Z values. This method goes beyond immediate profits to ensure accountability to the environment, our communities, and the wellbeing of our employees and guests.
As academics specializing in the travel, tourism and hospitality (TTH) industry, we have trained and advised dozens of companies in their journey towards sustainable businesses. TTH firms are accountable and.
Hotel management company Remington Hospitality has appointed Randy Jones as the companys new chief accounting officer (CAO). He reports directly to CEO Sloan Dean and oversees the companys comprehensive accounting and financial reporting operations at both the corporate and property levels.
The challenge—and opportunity—lies in blending these roles to fully engage your team and propel your business forward. Managers create the structure and accountability needed to maintain order and achieve short-term goals. One day, after a busy lunch, Maria overheard a crew member say, “It’s just a job.
To maintain a healthy business and working environment, restaurant technology must enable ease and efficiency among employees and service staff as much as guests. When teams can utilize modern applications to run an efficient business and better understand and cater to patrons, then technology can become a valuable asset, not a hindrance.
But have you considered how an equipment subscription is a better, smarter business move than equipment ownership? While purchasing has always been the norm for most, if not all, essential equipment in the restaurant business, it’s not necessarily the smarter fiscal choice. EaaS for Big Business. Brand protection.
These skills are often overlooked for the more traditional skills like leadership, and accountability. A good restaurant manager must be able to clearly communicate with staff and business owners to make sure the customers are receiving the best service possible, and that the restaurant is excelling on every level.
If you intend to own and operate a hotel, the one thing you must have in place is a solid, actionable and realistic business plan. With a solid hotel business plan, you will be able to make important decisions more easily, and you will know whether you are on the right track or if you need to make changes in how you are working.
Cybercriminals are increasingly targeting restaurants, seeking to steal sensitive customer data and disrupt business operations. One study found that in 2016, the food and beverage industry accounted for ten percent of all data breaches. That's why it's essential for restaurants to consider cyber liability insurance.
It means more restaurant businesses now have an online presence. How do you build social proof for your restaurant business? Encourage Customer Feedback on Review Sites Around 94 percent of diners say they would choose a business based on online reviews, including those on review sites. Here are four strategies: 1.
[It] meant that all the chefs knew their responsibilities and what was expected of them, junior chefs knew that they would be held accountable but senior chefs knew that it was their responsibility to train and mentor the team below them so that everyone had a pathway to progress in the business.
Recurring revenue is critical for businesses, including in the hospitality and wellness industries, as it provides financial stability, predictability, and long-term growth. Loyalty-based prepayment Reward customers who preload accounts with spa dollars by offering bonus credits or exclusive perks.
I’ve seen it firsthand during my decade leading HR for over 200 Potbelly Sandwich Works locations, my 15+ years advising restaurant owners through Restaurant HR Group, and even through my husband, John Luxem, as he has built his Dunkin’ business. Setting clear expectations and holding GMs accountable for results.
Additionally, GS1’s Electronic Product Code Information Services (EPCIS) plays a critical role in enabling businesses to document and share information about when and where a product changes hands. This kind of dialogue will not only help you gauge their readiness but also build stronger partnerships based on mutual accountability.
1 Excuse – It’s the accounting department’s responsibility. Yes, accounting is responsible for maintaining the books, the assets and the liabilities and ensuring the health of the financial machine, but it’s your responsibility to make sure your departmental costs are in-line. #2 Our business is chock full of mentorship opportunities.
The Fair Work Ombudsman (FWO) and the Department of Home Affairs made surprise inspections to 40 Sydney businesses that employ migrant workers last week. Businesses contravening the laws can face criminal penalties including two years jail and/or fines of up to $118,800. Employers and employees can visit www.fairwork.gov.au
In Melbourne, the FWO and the Australian Border Force (ABF) united to make surprise inspections at restaurants, cafes, and various other retail businesses employing migrant workers. Fair Work Ombudsman Anna Booth said the joint effort aimed to hold employers accountable. In 202324, FWO recovered $5.6
How Hotelogix Helps: Hotelogix connects front desk, housekeeping, POS, and accounts—allowing everyone to stay on the same page. Make Smarter, Data-Driven Decisions When you’re busy running day-to-day hotel operations , it’s hard to take a step back and assess what’s working and what’s not.
NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date Instead of spreading your attention across many metrics, concentrating on a few KPIs ensures the hotel team aligns with the most critical business drivers. NetRevPAR: Moving Beyond Top-Line Revenue What it is ?
Additionally, these schemes are extremely easy to scale up – making them a good basis for a “business.” Not only can fraudulent activities disrupt the customer experience, but they can lead to significant financial losses for both consumers and businesses. more likely to be targeted.
Like you, they’re in this business to turn a profit. By leveraging your purchasing power and making vendors compete for your business, you can claw back significant savings. ” Request this report first because if they know you’re planning to shop your business around, they’ll likely drag their feet.
Group Evaluations: Improved decision-making in regards to groups business and displacement impact on transient business. Business Hotels and City Properties: Require agile pricing strategies, real-time competitor rate tracking, and advanced segmentation tools.
Three Stat-Based Guest Experience Hacks to Lure Business Travelers When it comes to delivering an impeccable hotel guest experience, especially to business travelers, nothing compares to data-driven insights. This is why we’ve put together a list of three stats that will help you serve your business travelers efficiently.
In Q3 alone, 97 new full-service hotel projects were announced into the pipeline accounting for 13,968 rooms. Limited-service accounts for 81% of U.S. Lodging Econometrics (LE) can provide detailed insights, pipeline intelligence, and key decision-maker contacts that can drive your business growth.
The demand for serviced apartments has grown in recent years, driven by more business trips, longer stays, and the rise of remote work. These apartments are popular with all kinds of travelers, including business people, tourists, and families. There are different types of businesses to which you could reach out.
Restaurants, like other cash-intensive businesses, are a frequently targeted for audits by the IRS. If your restaurant has unusual expenses compared to similar expenses, keep additional records supporting the business use of the expenses. Reconcile your bank accounts and credit card/merchant service statements monthly.
Todays advanced measurements take into account both operational costs and revenue streams beyond rooms. Innovative business intelligence tools like Otelier IntelliSight that centralize both revenue and expense data allow hoteliers to track these key metrics in user-friendly dashboards.
You dont need to be an accountant to use it. With just a couple of numbers, you can start calculating flow through and making smarter decisions about your business. Its especially helpful in spotting cost issues that might not be obvious when youre focused on boosting bookings. And the best part?
Second, Google has quietly edged out platforms like Yelp and Tripadvisor* to dominate the review space for local business. Add to that the fact that business owners can’t delete reviews (making them inherently more trustworthy) and you have the perfect storm for Google to emerge as the go-to for restaurant reviews.
We organize all of the trending information in your field so you don't have to. Join 11,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content