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Beata Zawrzel/NurPhoto via Getty Images New CEO Brian Niccol is hoping customers will fall back in love with the coffee chain. Here’s why they fell out of love in the first place. I used to be a near-daily Starbucks drinker. In my early 20s, I commuted to work and stopped at the coffee behemoth almost every morning for an iced caramel latte and a breakfast sandwich.
Shoppers in the United States are generally aware of Black Friday – the day after the Thanksgiving holiday, when many retailers offer special, one-day deals and discounts. NB: This is an article from McKinsey & Co. Subscribe to our weekly newsletter and stay up to date Lore holds that this late-November day got its name because it’s when many retail stores’ annual ledger sheets at last emerge from the red (meaning losses) and get into the black (meaning profits).
For those traveling with kids, Princess Grand Jamaica is an all-inclusive, family-friendly resort complete with an aquatic park, kids club, teens center, nanny service and robust activities like tennis and water sports to keep everyone thoroughly entertained. Families can travel in style, with a choice to stay in 590 spacious ocean view suites or groups and large families can enjoy the Family and Master suites.
The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through Oct. 26. Oct. 20-26 (percentage change from comparable week in 2023): Occupancy: 69.0% (+4.5%) ADR:$168.69 (+4.6%) RevPAR: $116.32 (+9.3%) Among the top 25 markets, Tampa saw the largest occupancy lift (+28.1% to 84.2%), due to continued displacement demand from Hurricane Milton.
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.
For couples looking for an intimate escape, Princess Senses The Mangrove is an adult-only, all-inclusive resort, with 401 ocean suites and 14 spectacular overwater villas with partial glass floors and infinity pools, each adorned with thoughtfully crafted details, finished balconies and terraces with swim out pool options. For adults who want to add some spice to their trip, Pleasure Suites are available to provide an intimate and private ambiance.
Driftwood Hospitality Management (DHM) has completed a multimillion-dollar renovation of Delta Hotels by Marriott West Palm Beach, a 199-key hotel located in South Florida. Formerly a Holiday Inn, the property is owned by Miami-based real estate investment firm Activate Hospitality , with DHM overseeing management operations. Renovations include lobby and restaurant modernization, versatile meeting spaces, the introduction of the Ocean Blend Café and common area enhancements, as well as new gues
Accor, a global leader in hospitality, is proud to announce the signing of Sofitel Sapa Hotel & Residences, a landmark luxury development set to bring Sofitel’s signature French elegance and cultural refinement to the breathtaking highlands of Northern Vietnam. This exciting new project will be a combination of 176 rooms and 436 residences. It is expected to open its doors in 2030, marking another milestone in the expansion of Sofitel’s portfolio in Southeast Asia.
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Accor, a global leader in hospitality, is proud to announce the signing of Sofitel Sapa Hotel & Residences, a landmark luxury development set to bring Sofitel’s signature French elegance and cultural refinement to the breathtaking highlands of Northern Vietnam. This exciting new project will be a combination of 176 rooms and 436 residences. It is expected to open its doors in 2030, marking another milestone in the expansion of Sofitel’s portfolio in Southeast Asia.
During the Halloween season, haunted houses and ghost towns might feel like thrilling seasonal attractions, but when it comes to your hotel’s social media, the last thing you want is an eerie silence. NB: This is an article from Travel Media Group Subscribe to our weekly newsletter and stay up to date An inactive profile can seem as ghostly as an abandoned building, sending the message that your property is anything but lively.
Slowing RevPAR growth and maturation of the U.S. hotel industry are driving brand proliferation to attract new customers. The average number of brands per brand family tracked by CBRE increased to 25 in 2023 from 13 in 2013. RevPAR growth fell to 1.5% between 2018 and 2023 from 3% between 2013 and 2018. Given that year-to-date 2024 RevPAR growth is lower than it was a year ago, we believe this slowdown is more reflective of increasing competition from alternative lodging sources rather than a la
According to the Q3 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. pipeline stood at 6,211 projects/722,821 rooms, up 9 percent by projects and 7 percent by rooms year over year (YOY). This marks a new all-time high for projects in the United States, surpassing previous pipeline records. At the close of the third quarter, there were 1,185 projects/148,716 rooms under construction, marking an 11 percent increase in projects […] The post Lod
Hyatt Hotels Corporation (NYSE: H) is proud to announce Grand Hyatt Scottsdale Resort has completed its highly anticipated $115 million property-wide renovation. The property, formerly known as Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch, marks the first Grand Hyatt hotel in Arizona. The newly reimagined luxury resort invites guests to connect with the captivating spirit of the American Southwest, complemented by six elevated dining experiences in partnership with celebrity chef Richar
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.
ATLANTA, Georgia—Davidson Hospitality Group announced that it has entered into a new partnership with Nautic Partners, a middle-market private equity firm. As part of this partnership, Nautic Partners will acquire Davidson Hospitality Group from an affiliate of KSL Capital Partners, LLC, in partnership with Davidson management. Davidson Hospitality Group has over $2 billion in annual revenue under management.
From Taylor Swift’s record-breaking concert tours to Mega-Sports events and the surge of screen tourism inspired by hit shows like HBO’s The White Lotus, these phenomena are transforming travel patterns worldwide. The allure of mega-events and on-screen destinations can generate substantial short-term economic boosts, yet they also bring challenges.
Snibbs clogs feel great in the kitchen (and look cute in the streets) Not all workwear-inspired brands hit the mark, but Snibbs’ clogs have proven their chops among Eater staff as a comfortable shoe to wear while cooking, walking, and standing all day. I believe the exact words from Eater’s Special Projects’ Director Lesley Suter were, “I’m in love with my Snibbs,” and, well, you can’t beat that.
November 1 marks the official opening of ME Malta, primely positioned in the seaside town of St. Julian’s on the island’s north-eastern coastline. Located on the water’s edge and designed by the globally acclaimed Zaha Hadid as part of the Mercury Towers development, ME Malta will become a cultural hub for travelers and locals alike, elevating the destination’s urban scene with its restaurants, bars, and cultural programming.
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.
From Taylor Swift’s record-breaking concert tours to Mega-Sports events and the surge of screen tourism inspired by hit shows like HBO’s The White Lotus, these phenomena are transforming travel patterns worldwide. The allure of mega-events and on-screen destinations can generate substantial short-term economic boosts, yet they also bring challenges.
The 24th Hospitality Awards ceremony is fast approaching, and the results of the nominations for the three finalists in each category have been validated by our international jury. On 28 November, in the presence of leading figures from the world of tourism and hospitality, we invite you to the InterContinental Paris Le Grand to discover which of the 30 pre-selected finalists will be the overall winners.
Did you know the number-one hospitality trend among general managers is creating personalized guest experiences? Emerging technology is not here to replace personalization but enhance it. Explore the communication and hospitality trends driving best-in-class guest service in Relay’s first ever Hospitality Report. In the report, you’ll uncover: Five major hospitality trends, according to your peers The biggest investments hospitality leaders are making in staff and employee safety The top hiring
WASHINGTON—The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through Oct. 26, 2024. U.S. Hotel PerformanceOctober 20-26, 2024Percentage change from comparable week in 2023:Occupancy: 69.0 percent (up 4.5 percent)ADR: $168.69 (up 4.6 percent)RevPAR: $116.32 (up 9.3 percent) Among the Top 25 Markets, Tampa saw the largest occupancy lift (up 28.1 percent to 84.2 percent), due to continued displacement demand from Hurricane Milton.
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.
In today’s hospitality sector, financial resilience and adaptability are critical. With the challenges of rising costs and economic pressures, it's never been more important to think creatively about generating revenue as well as enhancing the guest experience. To help you tap into hidden potential, here are some ideas that can turn your existing assets into profit-generating opportunities: Transform parking spaces into revenue-generators with JustPark Many hotels and venues often overlook
Hospitality management company Davidson Hospitality Group has entered into a new partnership with Nautic Partners , a middle-market private equity firm that will acquire Davidson from an affiliate of KSL Capital Partners LLC in partnership with Davidson management. Davidson Hospitality Group has more than $2 billion in annual revenue under management and ranks fourth in both gross annual revenue per room and gross annual revenue per property among third-party hotel managers, as reported by Ho
Hilton has opened a new 189-room hotel in Woking’s Victoria Square as part of the town’s revitalization project. The hotel, which is close to shops, theatres, and entertainment venues, includes 14 suites and an executive lounge with panoramic views of Woking and the Surrey countryside. Guests can enjoy a fitness centre, the Loft Sky Bar with Pan-Asian dishes on the 22nd floor, and the British farm-to-fork OXBO restaurant on the 21st floor.
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 SEA: Management company ONYX Hospitality Group has plans to launch its serviced apartment brand Shama in Malaysia, Laos and Thailand. The Shama portfolio currently features more than 2,500 units across 20 properties. The brand is divided into three categories: Shama Luxe, Shama, and Shama Hub. Each product differs in room size, location, design, and decoration, ranging from upper-upscale to upper-midscale options.
NEWTON, Massachusetts—Sonesta International Hotels Corporation announced the execution of 30 new franchise agreements during the third quarter of 2024, representing growth at seven of the company’s 13 brands. “With 30 franchise agreements executed in Q3, Sonesta continues to expand across key markets and strengthen relationships with both existing and new ownership groups,” said Keith Pierce, executive vice president and resident of franchise & development.
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.
New Hotel Leaders Bring Hospitality Excellence With Artistic Approach To Award-Winning Winter Park, Florida Luxury Hotel The Alfond Inn at Rollins, the award-winning boutique hotel in the heart of historic Winter Park, is pleased to announce the hiring of two new executives, Justin Williams and Michelle Gomez, as the organization has made headway over the past year in exciting and ambitious new projects.
Is pizza truly recession-proof? Discover why this beloved comfort food has shown resilience during economic downturns. From the 2008 financial crisis to the COVID-19 pandemic, learn how the pizza industry leveraged affordability, convenience, and strategic adaptation to weather tough times and even grow. Explore key insights, stats, and questions about the future of pizza in challenging economic climates in our latest industry analysis.
Accor has signed the new project, Sofitel Sapa Hotel & Residences, set to open in 2030 and bring Sofitel’s luxury brand to Northern Vietnam. The post Accor signs new Sofitel property in Vietnam appeared first on Hotel Management Network.
We have all been there. Call it the rise of populism, the growth of grass roots movements, or the increasing recognition of environmental change, NIMBY –is impacting us in both our personal and “hotel” lives.
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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