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Hotel development surge: Thousands of new projects poised to break ground

Hotel Business

Hotel Construction Pipeline Trend Report paints a picture of robust growth and strategic focus. As economic conditions evolve, particularly with anticipated interest rate reductions, we can expect to see many of these planned projects move swiftly into the under-construction phase. Lodging Econometrics’ (LE) Q2 2024 U.S.

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US extended-stay projects lead Q2 pipeline

Serviced Apartments

US: According to businesses development database Lodging Econometrics, developers in the US have more extended-stay projects in the pipeline than hotels. Lodging Econometrics reported that in Q2 2023, developers increased their pipeline of extended-stay projects by 18 per cent year-over year.

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HVMG bolsters leadership team

Hotel Business

The strategic promotions and new leadership team additions include Sue Sanders to EVP, chief strategy and administrative officer; Wilson Turner to SVP, human resources; Angie Cook to SVP of accounting and finance; Suzanne Saunders to SVP, design and construction; and Bob Kisker to VP, operations.

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How Restaurant Franchises Are Growing Through Rising Inflation

Modern Restaurant Management

Growing franchise businesses, in particular, have the leverage to work with vendors on securing better contracts given expected future growth. A greater level of corporate support means access to individuals specifically focusing on these aspects of business, developing strong networks that can thoroughly address each problem area.

Pricing 188
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How to create a business plan for a hotel

Les Roches

Why do you need a hotel business plan? Similar to how architects create blueprints before constructing a building, it’s essential to have a strategic plan when starting a hotel business. Profitability projections Any financial business model a hotel may follow must include a profitability projection.

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Why Outsource Revenue Management? Advantages and Benefits for Hotels

Xotels Hotel Revenue Management

Such a sensitive and key part to the success of your business as revenue management should not be left to an ‘outside’ company many hoteliers respond. The first question I usually ask, do you have a lawyer or an accountant? It seems it is more an emotional response, than one based on business requirements. Why, I wonder?

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MRM People & Places: Cassoulet War, Zagat Stories and AQUAlounge

Modern Restaurant Management

” At 3,900-square-feet, the build out of AQUAlounge is projected at $5 million, and construction is scheduled to begin in February of 2020. Hayes is responsible for leading the business development and customer relationship management of the entire McLane Foodservice portfolio of 33 leading restaurant brands. .

Marketing 167