Fri.Jul 12, 2024

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Nobody Asked for Evil Malört

EATER

With Evil Malört, one bartender is making the polarizing, Chicago-born liqueur worse with ingredients like cuttlefish ink and peppers.

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Why Group Revenue is About Risk Management

Revenue Hub

Whether you accept transient or group business to your hotel is more than just a revenue management question. It’s also a risk management question. How much are you willing to risk? And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? Do they want to take a high risk and get a high return, or do they want to minimize the risk for a more reliable income?

Book 107
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A Promising Pipeline: Wyndham Opens First ECHO Suites

Lodging Magazine

ECHO Suites Extended Stay by Wyndham celebrated the grand opening of its first location, ECHO Suites Spartanburg in South Carolina, this Wednesday. LODGING was on hand for the ribbon-cutting and tour of the highly anticipated property, which broke ground last October as part of a development pipeline that has grown to nearly 270 ECHO Suites hotels across the United States and Canada.

Magazine 105
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A Comprehensive Guide To Restaurant Profit Margins For All Restaurant Types

7 Shifts

Many operators struggle with low profit margins, and it’s easy to fall into this trap. In fact, the average restaurant profit margin just falls between 3% and 6%. By finding the right balance, you can avoid these pitfalls and ensure your business stays profitable. Let’s explore what this number means, how you can calculate it, what the average margin is for different types of restaurants, and the factors that can affect low profit margins.

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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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JLL Arranges Sale of Home2 Suites by Hilton North Scottsdale

Lodging Magazine

WASHINGTON, D.C.—JLL Hotels & Hospitality Group announced that it arranged the sale and financing of Home2 Suites by Hilton North Scottsdale near Mayo Clinic, a 130-room hotel located in Scottsdale, Arizona. JLL represented the seller, and working on behalf of the new owner, JLL also procured the acquisition loan from a regional credit union. Built in December 2022, the hotel is designed to provide an extended-stay experience with amenities including a fitness center, outdoor pool, […]

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ECHO Suites Extended Stay by Wyndham opens hotel in Spartanburg, US

Hotel Management Network

Wyndham Hotels & Resorts has announced the opening of the first ECHO Suites Extended Stay hotel in Spartanburg, South Carolina. The post ECHO Suites Extended Stay by Wyndham opens hotel in Spartanburg, US appeared first on Hotel Management Network.

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Lessons From Gaming: What Can Hospitality Learn From Video Games?

Hospitality Net

Are you a PlayStation pro or a Nintendo novice? From consoles to PCs to phones, gaming is a multi-billion-dollar industry, with estimates valuing the worldwide market at around $350 billion.

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TikTok Star Roberto Morales’s Favorite Spots for Mexican Food in Los Angeles

EATER

Morales headlines this weekend’s Asada Fest hosted by Northgate González in Arts District

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First-party data is key in a new era of digital advertising

Hospitality Net

Data and cookies have long been used in advertising to understand, target, retarget, track, and report on consumers’ purchasing journey. Many of these capabilities have been enabled by third-party cookies, the technological cornerstone of personalized digital advertising.

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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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How This Chef Makes Nachos, Her Way

EATER

Gaby Melian’s secret to the perfect nachos lies in her mango chimichurri On this episode of Give a Chef: a Steak , Argentinian chef, teacher, and author Gaby Melian turns a T-bone steak into nachos, her way. Melian starts her nachos by making a Brazilian-inspired chimichurri with mango, garlic, and cilantro. After chopping the mango and pulsating the cilantro and garlic together in a food processor, Melian brings everything together with lemon juice, olive oil, red wine vinegar, and spices.

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MEININGER Hotels expands to Spain

Hospitality Net

New hotel building, directly at the trade fair.

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Curator and Tock partner to enhance the guest experience

Hotel Business

Tock, a reservation, experiences and events platform for the hospitality industry, has partnered with Curator Hotel & Resort Collection. The collaboration will offer Curator member hotels and resorts access to Tock’s solutions suite, which will enhance its food and beverage operations and provide additional experiential amenities to its guests.

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Travelodge Announces Recruitment Drive to Fill Over 300 Jobs Across the UK

Hospitality Net

Travelodge, the UK’s first budget hotel, has launched a recruitment drive to fill over 300 jobs across its business. The company operates over 600 hotels across the UK, Ireland and Spain, with 47,000 rooms, employing more than 13,000 people. Travelodge is committed to flexible, secure employment, reflected in its ‘Find where you Belong’ company initiative, which ensures inclusivity, support and flexibility for all its colleagues to be their true self at work and belong.

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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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Auberge to run Cambridge House hotel in London’s Mayfair

Hotel Management Network

The Cambridge House announcement comes as Auberge reaches a point of strategic expansion in urban and European markets. The post Auberge to run Cambridge House hotel in London’s Mayfair appeared first on Hotel Management Network.

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Beyond Booking: Future of Hotel PMS in an Omnichannel World

Revenue Hub

In the not-so-distant past, hotel PMS were glorified booking engines, handling reservations and basic operations like housekeeping. Fast forward to today, and the hospitality world demands a PMS that can juggle more than just bookings. Welcome to the era of omnichannel integration, where a seamless, interconnected approach isn’t a luxury – it’s a necessity.

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OneAir launches hotel booking platform ‘Hotel 2.0’

Hotel Management Network

Travel technology company OneAir has introduced its Hotel 2.0 platform to revolutionise the hotel booking experience by offering transparent pricing and savings. The post OneAir launches hotel booking platform ‘Hotel 2.0’ appeared first on Hotel Management Network.

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Busting Today’s Hotel Distribution Myths

Revenue Hub

Hotels have worked with third parties such as airlines, travel agents, online travel agents (OTAs) and the Global Distribution System (GDS) for decades. The dynamic landscape of hotel distribution offers numerous opportunities for hotels to maximise their market presence and profitability. NB: This is an article from Guestline {newsletter] By leveraging a diverse array of distribution channels, hotels can tap into different market segments and geographical regions, increasing visibility to attra

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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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Unlocking MICE profit with branding, marketing, product, and pricing

Duetto Cloud

The hotel meeting and events business is a lucrative segment, with corporations and organizations continually seeking venues for conferences, seminars, weddings, and social gatherings.

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Marriott International Releases 2024 Serve 360 Report

Lodging Magazine

Marriott International, Inc. released its 2024 Serve 360 Report sharing the company’s global environmental, social, and governance (ESG) efforts and progress toward its 2025 Sustainability and Social Impact Goals. The report reflects data for the calendar year ended December 31, 2023. This year, the report includes an “Around The World Highlights” addendum, which shows ESG initiatives spanning each of the company’s regions—Asia Pacific excluding China; Caribbean & Latin America; Europe, Midd

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IHCL’s homestay brand reaches over 200 properties across India

Hotel Management Network

Indian Hotel Company Limited’s (IHCL) premium homestay collection, amã Stays & Trails portfolio, has reached a milestone, now encompassing 203 bungalows, with an additional 97 under development. The post IHCL’s homestay brand reaches over 200 properties across India appeared first on Hotel Management Network.

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Hilton Veteran Cordell Retires Following 40-Year Career

Lodging Magazine

Hilton veteran Phil Cordell is retiring after 40 years at the company, transitioning to an advisor role effective this July. The company announced that Cordell will serve as a mentor and coach, providing guidance and support to the Hilton team. Cordell began his career as a bellman with Hilton while in high school, eventually becoming general manager of the second Hampton Hotel in 1983.

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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.

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U.S. hotel results for week ending July 6

Hotel Business

Due to the Fourth of July holiday, the U.S. hotel industry reported lower performance results from the previous week and mixed comparisons year-over-year (YOY), according to CoStar’s latest data through July 6. June 30 through July 6 (percentage change from comparable week in 2023): Occupancy: 61.3% (-0.9%) ADR: $157.27 (+0.5%) RevPAR: $96.35 (-0.4%) Among the top 25 markets, New Orleans saw the highest YOY increases in each of the three key performance metrics: occupancy (+15.5% to 56.6%), ADR

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CoStar: Fourth of July Holiday Contributes to Lower U.S. Hotel Performance

Lodging Magazine

WASHINGTON—Due to the Fourth of July, the U.S. hotel industry reported lower performance results from the previous week and mixed comparisons year over year, according to CoStar’s latest data through July 6, 2024. U.S. Hotel PerformanceJune 30-July 6, 2024 Percentage change from comparable week in 2023:Occupancy: 61.3 percent (down 0.9 percent)ADR: $157.27 (up 0.5 percent)RevPAR: $96.35 (down 0.4 percent) Among the Top 25 Markets, New Orleans saw the highest year-over-year increases in eac

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Marriott Bonvoy and Chase enhance Bold credit card offering

Hotel Management Network

Chase and Marriott Bonvoy have announced upgrades to the Marriott Bonvoy Bold credit card including automatic Silver Elite status. The post Marriott Bonvoy and Chase enhance Bold credit card offering appeared first on Hotel Management Network.

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AHLA Makes Statement About Human Trafficking Awareness Training Recognition Act

Lodging Magazine

WASHINGTON—American Hotel & Lodging Association (AHLA) Interim President and CEO Kevin Carey released the following statement regarding the introduction of the Human Trafficking Awareness Training Recognition Act, which requires the Department of Homeland Security (DHS) to establish a certification program for businesses that train their employees to recognize and respond to suspected human trafficking.

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!