Fri.Nov 01, 2024

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Why Starbucks Doesn’t Hit Like It Used To

EATER

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.

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McKinsey: Travel Tuesday is Real and Growing

Revenue Hub

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).

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590-Key Princess Grand Jamaica Now Open

Hospitality Net

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.

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U.S. hotel results for week ending Oct. 26

Hotel Business

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.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

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.

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Princess Senses The Mangrove Opens in Jamaica

Hospitality Net

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.

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Driftwood completes renovation of Delta West Palm Beach

Hotel Business

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

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Avoid the Social Media Graveyard: Keeping Your Profiles Alive

Revenue Hub

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.

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CBRE Hotel Brand Performance 2024 Report: Navigating Slower RevPAR Growth to Make Strategic Brand Selections

Hospitality Net

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

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Lodging Econometrics: U.S. Hotel Construction Pipeline Reaches New All-Time High

Lodging Magazine

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

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Grand Hyatt Scottsdale Resort Debuts $115M Renovation

Hospitality Net

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

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

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.

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Davidson Hospitality Group Enters Partnership With Nautic Partners

Lodging Magazine

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.

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Event Tourism: How Music, Sport, and Film Shape Destinations

Hospitality Net

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.

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Our Favorite Chef-Designed Clog Is BOGO Today

EATER

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.

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Zaha Hadid Designed ME By Meliá Arrives In Malta

Hospitality Net

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.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

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Event Tourism: How Music, Sport, and Film Shape Destinations

EHL Insights

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.

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Countdown to the 24th Hospitality Awards: Celebrating Innovation and Excellence in Global Hospitality at the InterContinental Paris Le Grand

Hospitality Net

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.

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Relay Hospitality Report 2024

Hotel Business

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

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CoStar: U.S. Hotel Industry Continues to Post Positive Year-Over-Year Comparisons

Lodging Magazine

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.

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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.

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Six revenue-boosting tactics for hotels: Unlock potential in under-utilised spaces and services

Hotel Owner

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

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Davidson Hospitality announces new partnership with Nautic Partners

Hotel Business

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

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Today’s news in brief – 1/11/24

Hotel Owner

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.

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Namasteak, USA

EATER

Photo illustration by Lille Allen; Photos of Indus steaks by Chris Peters [link]

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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.

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ONYX plans to expand Shama across South East Asia

Serviced Apartments

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.

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The 15 Best Cocktail Recipes to Make This Holiday Season

EATER

The 15 best cocktail recipes to make this holiday season, from a Manhattan made with amaro to a winter mezcal Negroni and other easy drinks.

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Sonesta Executed 30 Franchise Agreements in Q3 2024

Lodging Magazine

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.

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People Are Driving Hours for Houston’s Viral Pumpkin Spice Conchas

EATER

The staff at La Hacienda Bakery are still working around the clock to make people’s pumpkin-spice-filled concha dreams come true

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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.

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The Alfond Inn at Rollins announces the appointment of Justin Williams as General Manager and Michelle Gomez as Executive Chef

Luxury Hospitality Magazine

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.

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Industry Insight: Is Pizza Recession-Proof?

Adora POS

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.

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Accor signs new Sofitel property in Vietnam

Hotel Management Network

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.

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Is NIMBY Hurting Your RevPAR?

Hospitality Net

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.

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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