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The pandemic accelerated the adoption of digital payments, driven by a surge in online commerce. Today, digital payment methods, especially mobile payments, have matured across Europe as consumers embrace diverse digital channels with ease. Convenience and a wide range of options have emerged as key purchasing drivers, providing significant opportunities for innovation to ensure more inclusive and seamless payment experiences.
Social media in 2025 isnt just about posting stunning property photos, its about crafting immersive experiences that drive bookings and loyalty. NB: This is an article from Staah Subscribe to our weekly newsletter and stay up to date The digital landscape is evolving rapidly, and hoteliers who stay ahead of these trends will see higher engagement, increased brand awareness, and ultimately, more direct bookings.
ARLINGTON, VirginiaThe U.S. hotel industry reported negative year-over-year comparisons, according to CoStars latest data through Feb. 8, 2025. U.S. Hotel Performance February 2-8, 2025 Percentage change from comparable week in 2024 Occupancy: 55.9 percent (down.5 percent) ADR: $156.03 (down 2.2 percent) RevPAR: $87.22 (down 2.7 percent) Among the Top 25 Markets, New Orleans reported the largest increases in each of the three key performance metrics: occupancy (up 13.6 percent to 74.2 percent),
Lille Allen We asked couples across the country about budgets, date nights in, and what makes a restaurant really worth it In the first seven years of our relationship, my husband and I never codified date night. We went to restaurants sometimes, we cooked together other times. But date nights happened sporadically, and we didnt call them that, if we called them anything at all.
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.
Guest satisfaction has consistently improved, but are hotels getting better or are guest expectations shifting? NB: This is an article from Shiji Subscribe to our weekly newsletter and stay up to date With AI-driven experiences, personalisation, and evolving service models, could we see a new benchmark for what good service actually means in 2025? Guest satisfaction has been growing since the beginning of Q3 2022.
According to the recent Construction Pipeline Trend Report by Lodging Econometrics (LE) , the Asia Pacific, excluding China (APEC), hotel construction pipeline hit an all-time high at the Q4 2024 close, climbing 5% year-over-year (YOY) to reach record counts of 2,085 projects/412,358 rooms. At the close of the quarter, projects under construction accounted for 41% of the total pipeline with 848 projects and 47% of the rooms in the pipeline with 196,408 rooms.
NEW YORKInfor announced the release of its new revenue management solution (RMS) for the hospitality sector. The platform is designed to change how hotels and resorts optimize their pricing strategies and manage revenue in a complex, AI-driven market. Infor RMS leverages artificial intelligence and machine learning algorithms to provide hoteliers with control over their pricing and revenue optimization processes.
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NEW YORKInfor announced the release of its new revenue management solution (RMS) for the hospitality sector. The platform is designed to change how hotels and resorts optimize their pricing strategies and manage revenue in a complex, AI-driven market. Infor RMS leverages artificial intelligence and machine learning algorithms to provide hoteliers with control over their pricing and revenue optimization processes.
The U.S. hotel industry reported negative year-over-year (YOY) comparisons for the week ending Feb. 8, according to CoStar data. Feb. 2-8 (percentage change from comparable week in 2024): Occupancy: 55.9% (-0.5%) ADR: $156.03 (-2.2%) RevPAR: $87.22 (-2.7%) Among the top 25 markets, New Orleans reported the largest increases in each of the three key performance metrics: occupancy (+13.6% to 74.2%), ADR (+107.1% to $485.52) and RevPAR (+135.2% to $360.46).
MYRTLE BEACH, South CarolinaBrittain Resorts & Hotels (BRH), in partnership with EOS Hospitality, invested over $58 million in renovations at three of its properties in Myrtle Beach, South Carolina: Caribbean Resort & Villas, Ocean Reef Resort, and Compass Cove Resort. Myrtle Beach is rapidly transforming into a destination known for elevated and unforgettable experiences, and we are proud to be part of that evolution, said Patrick Norton, chief marketing officer, Brittain Resorts &
Yurbban Hospitality Group , a global hotel operator with roots in Barcelona, has marked a decade of Yurbban Hotels with the addition of Lennox Hotel Miami Beach to its portfolio. It is the sixth hotel the company manages in the South Florida city. Housed in the former Peter Miller Hotel and close to the beach and the Miami Beach Convention Center, the 118-room Lennox Hotel Miami Beach consists of four interconnected buildings centered around a courtyard with a Mediterranean-style pool.
Key trends driving the shift to hourly services As hotels adapt to a constantly evolving market and changing guest preferences, hourly services are getting more popular.
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.
Enterprise EV charging solutions provider EVPassport and commercial real estate services and investment firm CBRE have entered an agreement to provide EV charging solutions, with a focus on multifamily and hospitality properties in North America. Under the agreement, CBRE will support the deployment of more than 3,600 EV chargers across more than 600 strategic sites in the U.S.
CHICAGO, IllinoisHyatt Hotels Corporation reported fourth quarter and full year 2024 results. Highlights include: Mark S. Hoplamazian, president and CEO, Hyatt, said, “The purposeful evolution of our business model and strong brand focus has accelerated our network effect benefiting each of our stakeholders. Our fourth quarter results demonstrate the strength of our commercial offerings, as evidenced by the growth of the World of Hyatt loyalty program, which reached approximately 54 millio
This research article analyzes the performance of the hotel market in Baltimore for the trailing four quarters ending in Q3 2024, with a specific focus on key metrics such as occupancy, average rate (ADR), and revenue per available room (RevPAR). The report highlights the positive impact of the removal of approximately 2,500 hotel rooms from the downtown supply and discusses the potential for improved hotel performance in 2025.
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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.
Mina Haque, CEO of Tony Roma's, shares a look at her career, her achievements and industry trends ahead of her appearance at Restaurant Franchising & Innovation Summit 2025.
The Bell Hotel, located at 183 West Clayton Street in downtown Athens, Georgia, is delighted to announce its grand opening February 11th, following the completion of a two-year renovation. To view reservation availability, please follow the link here. Originally constructed in 1916 to house advanced telephone equipment for the Southern Bell Telephone and Telegraph Co., The Bell Hotel now offers modern travelers a luxurious retreat infused with historic charm.
Cycas Hospitality has signed an agreement for the management of Marriott Internationals Autograph Collection hotel in Sintra, Portugal. The post Cycas Hospitality signs Marriotts Autograph Collection hotel in Portugal appeared first on Hotel Management Network.
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.
Vision Hospitality Group announced today the grand unveiling of The Inn at Celebration, which recently underwent a multimillion-dollar property renovation and joined the elite Autograph Collection Hotel Portfolio. A ribbon cutting and grand opening ceremony will mark the occasion on February 6th at 4:30 pm.
Eater Staff This one is for the gourmands who love fish and sea creatures in tiny cans with tasty sauces come enjoy some cod liver with us Today, gourmet tinned seafood is inescapable. In my Los Angeles neighborhood, its everywhere not just in markets but by the checkout at the stationery store next door and stacked between candles and sundresses at the boutique down the street.
Hourly bookings are marketable to a variety of guests and increase hotel revenue by filling rooms that might otherwise go unsold. NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date They provide an opportunity to generate an income from hotel spaces outside of your guest rooms. Hourly bookings can be lucrative and set your property apart from the competition.
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.
Taco Bell, unlike many other chains, has always felt a little ironic and in on its own joke. | Shutterstock After chatting someone up on OkCupid, we went to Taco Bell for our first date and thats history Ive never dated in the app era. Instead, I met people the old-school way: on the computer, namely through the OkCupid website , where I went by the username tacobellforever.
At its essence, hotel branding is the process of creating a memorable and distinct identity for your property that resonates with your target audience. NB: This is an article from Event Temple Subscribe to our weekly newsletter and stay up to date It encompasses everything from your visual identity and messaging to the experiences and ambiance you offer your guests.
ARRIVE by Palisociety has expanded its national portfolio with the debut of ARRIVE Albuquerque, located in downtown Albuquerque, NM, overlooking the city’s landmark Robinson Park. The hotel is situated in a six-story, 1965 historic property and features 137 guestrooms; a seasonal pool and swim club; and DWTNR Cocktail Bar & Lounge, a signature restaurant for guests and locals.
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.
U.S. hotel industry profits grew in 2024, but increased labor costs and inflation limited growth, according to P&L data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
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Infor, a global leader in business cloud software specialized by industry, today announced the release of its new Revenue Management Solution (RMS) for the hospitality sector. This innovative platform is designed to revolutionize how hotels and resorts optimize their pricing strategies and manage revenue in an increasingly complex, AI-driven market.
There’s something special about staying out of the big cities everywhere, and certainly in India. Now, at Anand Kashi, by the Ganges, half an hour from Rishikesh, GirlAhead learned all kinds of things – including why bikers adore Royal Enfield bullets (above). To be honest, she had arrived by car, and was greeted by the hotel’s Manager, Santanu Ghosh, and a flautist, below.
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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