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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.
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.
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
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.
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
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Hospitality Management Today brings together the best content for hospitality management professionals from the widest variety of industry thought leaders.
Indian Hotels Company Limited (IHCL) is set to expand its portfolio in the first quarter (Q1) of fiscal year (FY) 2025, through 16 hotel signings and six openings. The post IHCL announces portfolio expansion in Q1 FY 2025 appeared first on Hotel Management Network.
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
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.
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.
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.
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.
Artificial intelligence is a game-changer for hospitality, not least for the new ways in which it will appeal to customers throughout the booking process. Chief among these is a more personalized experience. According to Amadeus’ 2024 Travel Tech Investment Trends for the hospitality sector, 85% of those surveyed anticipate that personalization could help them to deliver more than 5% growth in incremental value.
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.
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.
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.
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.
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
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
Kesko has teamed up with serviced apartment provider Forenom to introduce a new aparthotel in Porvoo, Finland. The post Kesko and Forenom collaborate to launch aparthotel in Finland appeared first on Hotel Management Network.
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.
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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