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Guests will continue to crave dynamic events and want to design itineraries that combine business purposes with personal extensions or other ancillary add-ons.
What is RevPAR in hotels (revenue per available room)? Your RevPAR informs you about your most profitable periods and the most in-demand rooms. It helps clarify the inventory you can expect from month to month and guides your booking numbers. It also serves as a basis for other revenue formulas. There are some things TripAdvisor can't achieve, and a balanced RevPAR is one of them.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
NH Hotel Group, part of Minor Hotels, will now operate as Minor Hotels Europe & Americas following a vote by NH Hotel Group’s shareholders to change the company’s registered name at its Annual General Meeting held last Friday.
The Department of Labor (“DOL”) issued the final rule to i ncrease compensation thresholds for overtime eligibility. According to Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees , effective July 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on January 1, 2025.
Castle Peak Holdings, the investment and development company behind Trailborn – the first vertically-integrated hospitality brand specializing in designing and operating boutique hotels with full-service restaurants and bars, exclusively located in the country’s most extraordinary outdoor destinations – has announced the brand will open its first property in the country’s Southeast, Trailborn Highlands, in downtown Highlands, North Carolina this July.
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Castle Peak Holdings, the investment and development company behind Trailborn – the first vertically-integrated hospitality brand specializing in designing and operating boutique hotels with full-service restaurants and bars, exclusively located in the country’s most extraordinary outdoor destinations – has announced the brand will open its first property in the country’s Southeast, Trailborn Highlands, in downtown Highlands, North Carolina this July.
Eater Video won in the Best Food and Drink Video for an episode of ‘Mise En Place’ On April 23, Eater Video won a Webby Award for Best Food and Drink Video for an episode of Mise En Place. The video was produced by Daniel Geneen, directed by Geneen and Murilo Ferreira, shot by Ferreira and Jay Simms, and edited by Lucy Morales Carlisle. The winning episode, “ How a Master Chef’s Brooklyn Restaurant Earned a Michelin Star in Its First Year, ” brings viewers behind the scenes at Clover Hill, a Mic
Longtime hospitality industry veteran Rahul Vir has been named general manager of the new Marriott Long Beach Downtown, overseeing 140 employees as well as all day-to-day operations of the 376-room property. In his current role, he directs day-to-day management of the 12-story property and has been instrumental in spearheading a top to bottom renovation now underway.
In today’s fast-paced hospitality landscape, staying ahead of the curve is paramount for maximizing revenue potential. As technology continues to evolve, so do the strategies and innovations within revenue management. Let’s delve into some of the key trends shaping the future of revenue management in the hotel industry: 1. Technology Adoption to Increase Efficiency Embracing technology has become a cornerstone of modern revenue management practices.
Botanic Sanctuary Antwerp is delighted to announce the appointment of Christian Hirt as Managing Director. Christian brings a wealth of experience with him, having had an impressive career at prominent luxury hotels around the world, including the United States, Germany, Russia, Turkey, Australia, and most recently Qatar, where he led two renowned hotels, the Raffles and the Fairmont in Doha.
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
In today’s competitive hospitality landscape, hoteliers are constantly seeking ways to stand out and attract guests. While traditional marketing tactics still hold value, Artificial Intelligence (AI) is emerging as a game-changer, offering a powerful tool to reach the right audience and maximize your return on investment (ROI). NB: This is an article from Hotelzify Subscribe to our weekly newsletter and stay up to date Why AI?
The United Nations General Assembly has held a second thematic event focused on tourism and the sector’s critical role in critical role of tourism in advancing sustainable development and resilience.
Hoteliers face several challenges using data effectively. Fragmented data from various sources makes it difficult to get a complete guest picture. Dirty data with inconsistencies and duplicates leads to inaccurate insights. Even with insights, translating them into actionable strategies for different departments can be tough. NB: This is an article from Bookboost Subscribe to our weekly newsletter and stay up to date Finally, resource constraints like budget and skilled personnel limit data mana
A new study has determined which countries have the highest retirement age increase based on OECD covering 2000-2020. Australia places 12th on the list with a 6.79% increase during this period, respectively. Several other western nations feature in the top 30, including the United States, Canada and the United Kingdom.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
Hey there, folks! Welcome to talk about something you all use but might not always think of as a marketing superstar – WhatsApp! Yep, that’s right, the same app you use to chat with friends, share memes, and send those endless “good morning” messages. NB: This is an article from Chatlyn , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date But hold on to your hats because you’re about to dive into a whole new world of WhatsApp – the wor
dailypoint™, the premier Data Management and CRM platform for the Hospitality Industry, is now fully compatible with the Shiji Enterprise Platform PMS. This expansion builds upon existing integrations with Infrasys Cloud POS and Shiji's owned ORM solution, Shiji ReviewPro. With this enhanced integration, hoteliers can seamlessly exchange and centrally manage Guest Data, leading to improved and efficient digitized services.
Red Roof®, an award-winning leader in the lodging industry, has named hotel industry veteran Zack Gharib as President, effective immediately. Gharib brings more than two decades of senior management experience in franchising, operations and brand management with companies such as Marriott, Vacasa, LaQuinta by Wyndham and Highgate Homes. He is widely regarded as a hospitality management innovator, having created and launched award-winning development, strategic planning and franchise operations p
Independent hoteliers are looking for impactful ways to train tomorrow’s workers – and fast. Hotel leaders must find ways to shorten training time and improve worker decision-making, starting with how they interface with on-property technology. The hotel property-management system typically has the most significant learning curve for new hotel workers, and it’s up to PMS developers to design systems that help new employees easily acclimate to their property’s ecosystem.
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.
Traditionally, Return On Ad Spend (ROAS) has dominated as the primary metric for evaluating the success of marketing initiatives. As we evolve past ROAS, I wanted to get the take from my fellow experts on the HSMAI Marketing Advisory Board. NB: This is an article from Cogwheel Marketing , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date We had an engaging discussion around other KPI’s that our organizations lean into to show value in our digital marketing initiat
One of the worst aftereffects of a bed bug infestation is the resultant anxiety they place upon your guests when it comes to bedtime. No matter where one sleeps, their bed should be a sanctuary. When one leaves their home to sleep elsewhere, the hotelier is responsible for ensuring this “sanctuary” travels with them. It is their fundamental responsibility.
Did you know that more sexual harassment claims are filed in the service industry than in any other industry? As many as 90% of women and 70% of men working in restaurants reportedly experience some form of sexual harassment, according to the Harvard Business Review. Harassment complaints come to the Equal Employment Opportunity Commission (EEOC) from service industry workers more often than from any other sector, NPR reported in 2021.
These appliances will always have a place in my kitchen. | Photo illustration by Lille Allen The kitchen items that helped me get through various life stages A version of this post originally appeared on April 20, 2024, in Stephanie Wu’s newsletter, “From the Editor,” a roundup of the most vital news and stories in the food world. Read the archives and subscribe now.
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.
Marriott plans to reduce environmental impact across its global operations and supply chain to achieve net-zero emissions by 2050. The post Marriott International sets ambitious net-zero emissions goal by 2050 appeared first on Hotel Management Network.
Royal Caribbean International and The Bahamas marked the start of a new adventure today as the cruise line broke ground on Royal Beach Club Paradise Island, the 17-acre beach day experience on Paradise Island in Nassau, The Bahamas. The beginning of construction was celebrated on location, where Royal Caribbean Group President and CEO Jason Liberty and Royal Caribbean International President and CEO Michael Bayley were joined by The Bahamas’ Prime Minister Philip Davis and Deputy Prime Minister
Digital banking, big tech and data privacy are all contributing to a shift in the Scandinavian banking scene, according to Tom Palving, Center of Excellence Lead for Digital Communication and Sales Loyalty at Jyske Bank. As a result, says Palving, traditional banks are facing a number of challenges, including: Customers [.
Following the 2023 announcement of its sustainability and social impact roadmap Rosewood Impacts, Rosewood Hotel Group today unveils the Impact Trailblazers, six properties who are upleveling the portfolio’s sustainability and social responsibility successes and ambitions. The Impact Trailblazers, which include Rosewood Hong Kong, Rosewood Baha Mar, Rosewood São Paulo, Rosewood Phnom Penh, Rosewood Mayakoba, and Rosewood Phuket, are leading the charge towards creating a future where people and p
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.
Baron Hospitality has expanded its portfolio with the acquisition of the Hampton Inn Birmingham/Mountain Brook in Birmingham, Alabama. The post Baron Hospitality buys Hampton Inn Birmingham/Mountain Brook in US appeared first on Hotel Management Network.
dailypoint, the leading Data Management and CRM platform for the Hospitality Industry, is now fully compatible with the Shiji Enterprise Platform PMS. This expansion builds upon existing integrations with Infrasys Cloud POS and Shiji’s owned ORM solution, Shiji ReviewPro. With this enhanced integration, hoteliers can seamlessly exchange and centrally manage Guest Data, leading to improved and efficient digitized services.
Red Roof has appointed Zack Gharib as its new president. Gharib brings more than two decades of senior management experience in franchising, operations and brand management with companies such as Marriott, Vacasa, LaQuinta by Wyndham and Highgate Homes. Fouad Malouf The company also promoted Fouad Malouf to the newly created position of COO. In his new role, Malouf supports Gharib by overseeing the company’s day-to-day operations.
In a significant advancement for the hospitality technology sector, Visual Matrix is proud to announce its integration with Duetto and its flagship revenue management products: GameChanger, ScoreBoard, and BlockBuster. This partnership marries Visual Matrix’s robust property management system (PMS) and Mobile Operating Platform (MOP) with Duetto’s cutting-edge revenue management solutions, setting a new benchmark for operational efficiency and profitability in the hotel industry.
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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