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How Ignoring Guest Segmentation Is Hurting Your Profits

Revenue Hub

Before diving into these criteria, it’s important to note that while the Uniform System of Accounts for the Lodging Industry (USALI) does include segments for financial reporting, these are designed solely for accounting purposes.

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Five Ways Hospitality Benefits from Payment Automation

Modern Restaurant Management

For years, hospitality businesses including restaruants have faced the challenges of using a paper-reliant process for both domestic and international payments. Accounting teams use more paper than they often realize. Accounting mistakes happen, and they can be very painful and time-consuming to track and reverse.

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How to Create Career Pathways in Hospitality

Hospitality Net

Gross Domestic Product, accounts for 1 in 25 U.S. The evidence is clear: the hospitality industry is a key driver of the United States’ economy. According to a report by the American Hotel & Lodging Association, the hospitality industry contributes nearly $600 billion to the U.S.

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Hotel Equities names Clint DeLee, Karen Mendez VPs, operations

Hotel Business

Other promotions include: Lindsay Meadows has been promoted to SVP, accounting & procurement. In her new role, she will oversee accounting and procurement operations, ensuring financial health and operational efficiency as the company continues to expand.

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Choice Hotels’ WoodSpring Suites achieves brand milestone with Six Hotel Openings

eHotelier

These openings, which were led by a dedicated, extended stay team, account for 732 new economy extended stay rooms from coast to coast and 1,414 total new rooms for the brand since the start of 2023, with nearly 38,000 rooms in the domestic pipeline. Choice Hotels International, Inc.,

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Home-Grown Mid-Segment Hotel Brands have a Competitive Edge Against International Brands in India

Hotelogix

In recent years, the emergence of rapidly growing domestic mid-segment hotel brands has significantly transformed the country's hospitality landscape. Although relatively young and small, these brands have captured the attention of domestic travelers, controlling about 60% of the total branded rooms available in the country.

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Scotland hotel transaction volumes reach £431m in 2024

Hotel Owner

Overall, Scotland accounted for circa 7.50% of all UK hotel deals last year, the highest total outside of London. In terms of buyer profile, Savills figures showed that 40% of purchases in 2024 were from domestic buyers, a significant decrease on the 77% seen in 2023. This is due to US buyers making large portfolio acquisitions.