Fri.Nov 03, 2023

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How Effective Communication in the Hospitality Industry Impacts Revenue Generation?

Hotelogix

The hospitality sector relies on people more than technology to deliver a positive guest experience and set the standards of service. With almost 10 percent of the world’s total gross domestic product (GDP) and employing over 255 million people, it is no surprise that the travel and tourism industry is one of the most important sectors to drive employment.

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Influencer Marketing for Restaurants: An Expert’s Guide to Boosting Your Bookings

Modern Restaurant Management

As a restaurant owner, you’ll know just how powerful word-of-mouth can be. All it takes is one negative review or piece of criticism, and instantly, potential might customers turn away from your business and toward a competitor. After all, when it comes to choosing where to eat, we tend to prioritise the opinions and experiences of others over most other factors – it’s no wonder influencers have become such a powerful tool for restaurants in boosting their bookings.

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The Food Advent Calendars That Are Actually Worth Buying

EATER

Bokksu From mini jams to classic chocolate, these are the treats you’ll want to indulge in throughout December During the holiday season, most of us are so focused on buying gifts for other people that we don’t spend enough time treating ourselves. An advent calendar is an especially festive way to surprise yourself with something nice every single day in the month of December, and it’s even better when that treat is a tasty little snack.

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Flying High in Atlanta

Modern Restaurant Management

The team at Forbes goes behind the scenes with Randy Hazelton, CEO of H&H Hospitality, which operates concession stands in major U.S. airports, co-owning more than 20 franchises with nearly 100 employees.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Digital Transformation: A Competitive Edge in Tourism & Hospitality

EHL Insights

“If we are digitally on the way and data-based, […] it is essential that the guest stands for us in the center. Digitalization should simplify internal processes, increase the guest experience and always have in mind the tourism stakeholders of the destination. Only in such a trio we can be successful.” - Mattia Storni, Saas-Fee/Saastal Tourismus.

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More Trending

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The Chancery Rosewood appoints MD ahead of 2025 opening

Hotel Owner

Michael Bonsor has been appointed as managing director to lead the launch and operations of The Chancery Rosewood, ahead of its opening in Mayfair in 2025. Developed by real estate developer Qatari Diar Europe LLP, the Grade II listed building is being reimagined by British architect Sir David Chipperfield of David Chipperfield Architects as a new retail destination and Rosewood Hotels and Resorts luxury hotel.

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The Relationship Between Value, Quality and Price Exists

Revenue Hub

It’s fair to say many are curious about the latest developments in artificial intelligence (AI) regarding large language models (LLMs) such as ChatGPT. NB: This is an article from Duetto Who hasn’t asked ChatGPT to formulate an email, sales pitch, or social media message, or just had fun asking it to write something in the tone of voice of Mickey Mouse?

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Solberge Hall sold to luxury wedding company Wharfedale Grange

Hotel Owner

Solberge Hall hotel in Northallerton, Yorkshire has been sold to wedding and event company Wharfedale Grange for an undisclosed sum. The hotel has been owned by Classic Lodges hotel group since 2015 when it was purchased for £1.8m. The 24-bedroom Georgian country house hotel is set in nine acres of woodland situated near the North Yorkshire Moors and Yorkshire Dales.

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How to Make Hotel Budgeting as Smooth and Painless as Possible

Revenue Hub

For hotel owners and operators alike, the annual budget is often a gruelling and time-consuming process. NB: This is an article from HotStats This year, with persistent inflation, added pressures on cost control, and uncertainty about the economy, the process is as fraught as ever. Are there ways to make the 2024 budgeting process more streamlined and efficient?

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Food & Beverage Industry Report 2024

Driven by a diverse and exciting ecosystem of passionate, ambitious, and often young entrepreneurs, the Food & Beverage (F&B) sector is a highly competitive environment full of immense challenges and exciting opportunities. Expert Market’s 2024 industry report, sponsored by Toast, is informed by a survey of 522 U.S. food and beverage professionals, from restaurant owners to food service managers, providing insights into the real-time challenges and opportunities within the industry.

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Today’s news in brief – 3/11/23

Hotel Owner

Hyatt reported Q3 adjusted earnings of $247m (£201.9m), slightly below last year’s levels, despite an 8.9% increase in Revenue per Available Room (RevPAR). Net income for the quarter was $68m (£55.6m), compared to $28m (£22.9m) in the previous year. The growth was attributed to resilient demand from leisure guests and group customers, with the European and Middle Eastern hotels leading the way with a 40% earnings increase.

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The Third-Wave Cosmo Has Arrived

EATER

Today's Cosmopolitan recipes are putting a modern spin on the iconic vodka sour. Here are the best ones to try.

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Rothay Manor hotel appoints new head chef and restaurant manager

Hotel Owner

The Lake District’s boutique hotel Rothay Manor has announced two key appointments with the arrival of Michelin-star trained head chef, Aaron Lawrence, and award-winning restaurant manager Christopher McCaughran. Leading the new culinary chapter, Lawrence joins from the Samling Hotel, which welcomed a Michelin star and four AA Rosettes during his tenure as sous chef.

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OMNIYAT Launches ORLA Infinity, Dorchester Collection, Dubai on Palm Jumeirah

Hospitality Net

OMNIYAT, Dubai’s leading visionary developer, has officially unveiled its latest luxury project, ORLA Infinity, Dorchester Collection, Dubai. This new masterpiece is set to seamlessly blend with the stunning surroundings of Palm Jumeirah, offering an infinite resort-style living experience alongside its counterpart, ORLA, Dorchester Collection Dubai, located at the iconic crescent of Palm Jumeirah.

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Why Every Small Business Needs an HCM Solution: A Comprehensive Guide

Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.

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Hyatt revenues dip below Q3 2022 despite RevPAR rise

Hotel Owner

Hyatt has reported that adjusted earnings were slightly below the levels recorded last year at $247m (£201.9m) in Q3, despite RevPAR increasing by 8.9% over the period. The group also revealed a net income of $68m (£55.6m) for the third quarter, compared with $28m (£22.9m) in the same period last year. The hotel chain attributed the increase in net income to the overall demand among leisure guests and group customers remaining “resilient” overall.

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U.S. Lodging Overview – Midyear 2023

Hospitality Net

From 2019 to 2022, U.S. hotel revenue saw the sharpest decline and subsequent recovery of any prior cycle. Prior declines due to economic and business “black swan” events required four to eight years for RevPAR to recover. The current market has seen RevPAR and overall revenue in the 12 months ending June 2023 reach a historical peak, just three years from the initial decline.

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Moor Hall Restaurant with Rooms to launch new Garden Rooms

Hotel Owner

Moor Hall Restaurant with Rooms, chef Mark Birchall’s two Michelin-starred culinary destination in Aughton, Lancashire, is set to expand its accommodation offering with the launch of seven new Garden Rooms. Launching in spring 2024, each of the standalone Garden Rooms will be located in the secluded woodland that surrounds Moor Hall’s gardens. The new rooms are designed by Koto and each of the buildings will be complete with a hot tub, and a private decking area.

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Blue Diamond Resorts Takes Its Second Hotel Into The Metaverse

Hospitality Net

Blue Diamond Resorts proudly announces its latest innovation in the virtual reality universe with the introduction of immersive 3D scenarios for their newest property, Royalton Splash Riviera Cancun, An Autograph Collection All-Inclusive Resort. This pioneering technology marks the second property of the hotel management company to be completely mapped, offering 360º virtual tours with an easy-to-use interface.

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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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Expedia ad concerns in search results raised in antitrust suit

PhocusWire

Comments from Expedia Group chair Barry Diller have surfaced during the Google antitrust trial.

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Swissôtel Resort & Spa Çe?me opens its door and welcomes guests to Turkey’s stunning Il?ca Bay

Hospitality Net

Accor, a world leading hospitality group, is pleased to welcome Swissôtel Resort & Spa Çeşme, located in the heart of Ilıca Bay, Turkey, to its premium brand portfolio. Inspired by the surrounding nature, and the belief that time and travel are true gifts in life, Swissôtel Resort & Spa Çeşme opens its doors on November 1, 2023.

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Cronheim secures $120M to refinance NYC Renaissance hotel

Hotel Business

Cronheim Hotel Capital has secured a $120-million refinance loan on behalf of Lam Generation for the 341-key Renaissance New York Chelsea Hotel. Beau Williams, Cronheim’s senior managing director, sourced the loan with a life company. “Lenders have been extremely reluctant to repatriate equity over the last several months but we ultimately were able to match Jeff Lam [Lam Generation principal] with a great lender and tailor a structure that was in line with his investment strategy,”

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Pinnacle Advisory Group -West Relaunches as Stellarum Hospitality Consulting

Hospitality Net

Hospitality industry expert Karen L. Johnson today announced the six month anniversary of Stellarum Hospitality Consulting, a full-service, third-party consultancy providing a variety of services to the hotel industry. Formerly Pinnacle Advisory Group - West, the rebranded company has the same seasoned professionals to meet the bespoke needs of hotel owners attempting to navigate today’s marketplace.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

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Whitestone Companies acquires Iowa TownePlace Suites

Hotel Business

Whitestone Companies , a real estate development firm based in Columbus, OH, has acquired the TownePlace Suites Des Moines Urbandale in Des Moines, IA. This property is the company’s sixth hotel purchase in 2023 and expands Whitestone’s presence in the midtier extended-stay market. “Urbandale is a community positioned to see accelerated growth over the next few years,” said Jay Batra, CEO, Whitestone Companies. ”We are excited to team up with Marriott and be part of it.

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Hotel channel manager comparison: Chart to compare

Hospitality Net

A hotel channel manager comparison is crucial to ensure that you are investing in the best piece of software for your business. After all, it will form the backbone of your hotel distribution, and failing to find the best fit for both now and the future could end up doing more harm than good.

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Hyatt on track to double footprint in Canada by ’26

Hotel Business

Hyatt Hotels Corporation is positioned to double its brand footprint in Canada by the end of 2026, with more than 20 executed managed and franchised agreements across its distinct brands. With nearly 20 hotels currently open in Canada, the company expects to have an additional 23 hotels open and operating by the end of 2026. This expansion includes newly announced deals for luxury and lifestyle hotels including the second hotel in Canada within The Unbound Collection by Hyatt brand.

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Budgeting for Change - Part 1

Hospitality Net

Each season brings with it change and, depending on the time of year, the chance for renewal and growth. This is no less true for budget season, although for many in the hotel sector, it can also come with a sense of foreboding.

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Optimize Restaurant Operations With the Right Payroll & HCM Services

Running a restaurant involves juggling numerous tasks, but payroll and HR shouldn’t add to the stress. Our guide, "A Buyer’s Guide to Payroll & HCM Services," is tailored for the restaurant industry to help you choose the best provider. Efficient payroll services ensure timely, accurate payments, crucial for maintaining staff morale. Compliance support helps navigate labor laws and avoid costly fines.