Fri.Jul 05, 2024

article thumbnail

What is Reservation Software for Small Hotels? How does it work?

Hotelogix

Reservation software for a small hotel is like a helpful assistant that makes booking rooms easier. It lets hotels manage bookings, shows room availability online, and keep track of guest details. It's handy for guests too, letting them book rooms directly on the hotel's website. What is hotel reservation software for small hotels? Hotel reservation software for small hotels is like a super helper that makes booking rooms easy and keeps guests happy.

article thumbnail

How to Read a Restaurant Profit and Loss (P&L) Statements

7 Shifts

Running a restaurant is not just about serving great food; it’s also about managing finances. With 50% of restaurant owners reporting inventory costs as the top concern last year, you must leverage reporting tools to see how much profit your restaurant is making and where your money is going. The most important of those reporting tools is the profit and loss statement, commonly called the “P&L.” Simply put, the P&L shows how much restaurants earned and spent for a speci

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Luxury Group Flies onto the Scene with Blade Collaboration, Elevating and Redefining Summer Travel in New York City

Hospitality Net

Luxury Group by Marriott International, the unrivaled portfolio of eight hotel brands including The Ritz-Carlton, Ritz-Carlton Reserve, Bvlgari Hotels & Resorts, St. Regis Hotels & Resorts, EDITION, The Luxury Collection, JW Marriott, and W Hotels, today announces a curated slate of exclusive experiences in collaboration with urban air mobility platform Blade Urban Air Mobility, Inc.

article thumbnail

HSMAI Commercial Strategy Conference sets attendance record

Hotel Business

The Hospitality Sales and Marketing Association International (HSMAI) Americas recently held its first Commercial Strategy Conference, which took place from June 25-26, in Charlotte. The sold-out event, an evolution of HSMAI’s Marketing Strategy Conference and HSMAI ROC, brought together a record 860 industry professionals from 152 unique hotel brands and management companies, and more than 40 partner companies, from across the hospitality sector to explore the latest trends, strategies and inno

article thumbnail

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.

article thumbnail

The next Revolution: Direct-First Independent Hotel Brands

Hospitality Net

Maintaining a strong hotel brand is essential for long-term success in the hospitality industry, as the behemoths Marriott, Hilton and Accor prove. Robust brands provide stability and reliability, crucial during uncertain times. Smaller brands and independent hotels invest in guest experience, but often not in their brand. Despite the convenience of third-party platforms, small brands and independent hotels have the opportunity to run a direct-first strategy by controlling their brand and safegu

45

More Trending

article thumbnail

Cloudbeds: Travel landscape set for transformation

Hotel Business

Cloudbeds has released its 2024 State of Independent Lodging Report , which spotlighted key developments expected to reshape the travel industry this year, including new spins on experiential travel, the rising popularity of inflation-busting travel hacks and a growing demand for new skills among next-generation hoteliers. “The economy seems poised to dodge a recession again this year, but that doesn’t mean it’s smooth sailing for hotels,” said Adam Harris, cofounder/CEO, Cloudbeds. “

Book 59
article thumbnail

Hilton Prague in Czech Republic listed for sale

Hotel Management Network

Hilton Prague, a 791-room luxury hotel in the Czech Republic, has been put up for sale. The post Hilton Prague in Czech Republic listed for sale appeared first on Hotel Management Network.

59
article thumbnail

Meliá Hotels International Expands Greek Portfolio with New INNSiDE by Meliá in Elounda

Hospitality Net

Meliá Hotels International expands its portfolio in Greece with the signing of a new franchise agreement under the label INNSiDE by Meliá in Elounda, Crete, signaling a new chapter in lifestyle travel within the country. This move introduces a fresh concept to Greek hospitality - a premium lifestyle brand geared towards the discerning tastes of the new generation of travelers.

59
article thumbnail

Radisson deepens footprint in Maharashtra, India, with new resort

Hotel Management Network

Radisson Hotel Group has announced the opening of Radisson Resort Hatgad Saputara in the Indian state of Maharashtra. The post Radisson deepens footprint in Maharashtra, India, with new resort appeared first on Hotel Management Network.

59
article thumbnail

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.

article thumbnail

Everything you need to know about resort development

Les Roches

Everything you need to know about resort development 5th July, 2024 In this article A key growth driver in global tourism, resort development substantially contributes to job creation, revenue generation and regional advancement. Forecasts indicate a positive annual growth rate of 4.7% in the global resort industry from 2020 to 2027, driven by the increasing demand for leisure and hospitality services.

article thumbnail

DoubleTree by Hilton surpasses 100 properties in Asia Pacific

Hotel Management Network

DoubleTree by Hilton, a full-service brand within the Hilton portfolio, has reached a milestone by exceeding 100 properties across the Asia Pacific region. The post DoubleTree by Hilton surpasses 100 properties in Asia Pacific appeared first on Hotel Management Network.

59
article thumbnail

How can I learn hotel management?

Les Roches

How can I learn hotel management? 5th July, 2024 In this article The hotel and tourism industry is growing and is estimated to be worth more than $11,000 billion USD in 2029. Working as a manager in the hotel industry is filled with opportunities for growth, innovation and meaningful connections – and salaries up to around $162,000 per year. Whether you’re a seasoned hospitality professional looking to advance your career or an aspiring newcomer eager to break into the industry, the questi

article thumbnail

Like Magic and Häfele link on Work and Sleep hotel room concept

Hotel Management Network

The Work and Sleep concept from Like Magic and Häfele will enable hotel operators to quickly adapt bedrooms into functional spaces The post Like Magic and Häfele link on Work and Sleep hotel room concept appeared first on Hotel Management Network.

59
article thumbnail

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.

article thumbnail

Fernando Vives on Reputation, Innovation, and Market Shifts

Hospitality Net

Episode three of the Shiji Insights Podcast features Fernando Vives, Chief Commercial Officer at Minor Hotels, who shares his wealth of experience and thoughts on reputation’s influence on revenue, the concept of attribute-based selling (ABS), and current trends in the hospitality industry. The Shiji Insights Podcast aims to provide listeners with valuable perspectives from industry leaders, and this episode is no exception.

article thumbnail

Labour’s landslide victory: What it means for the UK hospitality industry

Hotel Management Network

The election outcomes herald a new era for UK hospitality, with economic stability, improved training programmes, and regulatory changes set to shape the future of hotel operations. The post Labour’s landslide victory: What it means for the UK hospitality industry appeared first on Hotel Management Network.

article thumbnail

The Driftwood Hotel sells to private investor group

Hotel Owner

The Driftwood Hotel in Cornwall has been sold to a private investor group for an undisclosed price. The New-England inspired hotel features 14 rooms, a three AA rosette restaurant and a three-bedroom owner’s house. It also includes landscaped gardens and grounds of around five acres that lead down to the private beach. The property has been owned by Paul and Fiona Robinson for the past 22 years and came to the market as they are looking to retire.

Pricing 52
article thumbnail

How to book revenue even when climate derails the guest experience

Hospitality Net

In this episode of Hotel Moment, host Karen Stephens is joined by Nick Cavanaugh, Founder and CEO of Sensible Weather. Together, they discuss the technical and financial aspects of providing a weather guarantee and how Sensible partners with hotels and booking platforms to integrate this service seamlessly into the booking flow. They also touch on the increased demand for travel insurance post-COVID, Sensible Weather’s strategic partnership with AMEX Ventures, and their plans for expanding their

Book 52
article thumbnail

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

article thumbnail

Glasgow Ibis Styles Hotel secures £5m refinancing

Hotel Owner

Ibis Styles hotel at Waterloo Street in Glasgow, owned by a private equity firm, has secured a £5m refinancing from Assetz Capital, a lender in the SME commercial property and residential development sector. The 137-bed hotel is themed around the city’s well-known music scene and features ‘rehearsal studio’ bar and a ground-floor Tinderbox coffee shop as well as working spaces and booths.

article thumbnail

What is GOPPAR? How can it benefit your hotels?

Hospitality Net

One of the hospitality industry’s key bottom-line metrics, gross operating profit per available room measures the relationship between hotel revenues and expenses. In general, the better you understand GOPPAR, the better you will be at turning revenue into profit. That is why it is important to benchmark your GOPPAR, along with the other key P&L metrics, on a consistent basis.

52
article thumbnail

Dundee serviced apartments change hands

Serviced Apartments

Reading Time: < 1 minute UK: Greenstar Serviced Apartments in Dundee have been sold to a private buyer for an undislcosed sum. Located next to Abertay University, just a short walk from the McManus Gallery, Overgate Shopping Centre and the city’s waterfront development, the six apartments occupy the upper floors of the listed Mercantile Buildings.

article thumbnail

Boosting Attractivity with Sustainable Certifications: Celebrating 1,000 Eco-Certified Hotels

Hospitality Net

In June 2024, we reached a major milestone with the eco-certification of our 1,000th hotel, bringing us closer to our ambitious goal of achieving 100% of our network eco-certified by 2026. Join us as we spotlight inspiring stories showcasing properties and their journeys towards a more sustainable model through their pursuit of eco-certifications.

52
article thumbnail

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.

article thumbnail

Today’s news in brief – 5/7/24

Hotel Owner

Virgin Hotels has opened bookings for its first London location in Shoreditch , set to open on August 1. This hotel marks the brand’s eighth addition and the 17th within the Virgin Hotels Collection. Located at 45 Curtain Road, the 120-bedroom hotel will offer luxury experiences including the Spanish restaurant BiBo in collaboration with chef Dani Garcia.

article thumbnail

A journey of entrepreneurship and innovative leadership

Hospitality Net

Melissa Lou is a woman with many interests, and is unafraid of pursuing them. Currently a Senior Venture Architect at Boston Consulting Group X (X.Ventures) which invents, builds, scales and invests in startups with the globally established companies; she had previously co-founded Delegate, an events startup that provides technological tools to create offline, virtual, and hybrid event environments.

Events 52
article thumbnail

Karisma Hotels partners with Dobrov to develop hotel in Montenegro

Hotel Management Network

Karisma Hotels & Resorts, in partnership with Dobrov & Family Group, has announced plans to construct the Porta Rai hotel-residential complex in Ulcinj, Montenegro. The post Karisma Hotels partners with Dobrov to develop hotel in Montenegro appeared first on Hotel Management Network.

52
article thumbnail

Measuring the Impact of the 2024 Olympics on France’s Hotels

Hospitality Net

With slightly over three weeks until the start of Paris 2024, SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, has analysed hotel arrivals during the Olympics period (26 July to August 11), and compared them to the same dates last year. The results are derived from SiteMinder’s platform, which generates more than 120 million reservations annually, worth over US$50 billion in revenue for its more than 41,000 hotel customers.

article thumbnail

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!