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The more renewable energy is integrated into the hospitality industry, the better understanding industry professionals will have of the impact it makes on ROE and the environment. Innovations will continue to develop as the importance of renewable energy in hospitality is realized.
According to the National Restaurant Association, competition in the restaurant sector is strong. In fact, 45 percent of restaurant operators expect competition to be more intense than last year. Why? A chief reason is due to caution or uncertainty exhibited by conscious consumers, with 48 percent saying they are taking the ‘wait and see’ approach and holding back on spending in 2024.
IHG Hotels & Resorts, and Google Cloud, today announced an expanded partnership that will fuel new customer experiences within the IHG One Rewards mobile app. With Google Cloud’s technologies, IHG will launch a generative AI-powered travel planning capability that can help guests easily plan their next vacation directly in the IHG One Rewards mobile app in a suite of new features that will launch in the second half of 2024, creating a more dynamic digital guest experience.
More than half of respondents (54 percent) expressed optimism about the positive impact of AI in the restaurant industry, according to a survey from Slang.ai. Despite this optimism, less than one-third of operators currently utilize AI indicating untapped potential for technological integration within the industry. A promising 71.6 percent of restaurant operators plan to adopt AI soon, with nearly 94 percent acknowledging its necessity to remain competitive.
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.
8 functions to look for in a property management system If you're unsure what a PMS is and what it does, you may not understand why you need one or what functionalities it offers. A property management system is software designed to help organize, execute and track daily operations in a hospitality business. It facilitates managing reservations, check-ins and check-outs, guest information tracking, price control, availability management, and provides analytics to monitor and improve performance.
Hyatt Hotels Corporation announced today that Fordson Hotel, an industrial revolution-inspired property nestled in Oklahoma City’s emerging West Village District, has officially joined World of Hyatt and The Unbound Collection by Hyatt brand.
Twenty Four Seven Hotels, a third-party hospitality management company for premium-branded, select-service and lifestyle hotel segments in the western U.S., has partnered with Shiny, a digital tipping platform, to provide services for more than 450 associates across its 30 hotel portfolio. The service is available across multiple hotel departments, including housekeeping.
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Hospitality Management Today brings together the best content for hospitality management professionals from the widest variety of industry thought leaders.
Twenty Four Seven Hotels, a third-party hospitality management company for premium-branded, select-service and lifestyle hotel segments in the western U.S., has partnered with Shiny, a digital tipping platform, to provide services for more than 450 associates across its 30 hotel portfolio. The service is available across multiple hotel departments, including housekeeping.
Marina Bay Sands has entered the final phase of design enhancements to its multi-billion-dollar expansion project. Full-scale construction of the project, subject to planning approval, is anticipated to begin by July 2025 with targeted completion by July 2029.
Lille Allen The iconic Catalan condiment will make friends with whatever you happen to be eating One of my favorite questions to ask people is to name their desert island hot sauce. While I commiserate with my fellow capsaicin lovers over our masochistic tendencies, I’m not that interested in the level of heat that your answer indicates you’re capable of enduring.
Today, The Ritz-Carlton, San Francisco is pleased to announce the appointment of Enrique Nepomuceno as the new Director of Engineering. Boasting an extensive background and a distinguished track record within the Marriott International family, Enrique is set to continue ushering in the elevated standards for the renowned hotel.
Earlier this year, Orkin’s annual list of the “50 Worst American Cities for Bed Bugs” was released. While the order of the cities may slightly shift each year, one fact remains constant: these bugs aren’t going anywhere. In fact, they are increasing, and not merely in urban areas. Suburban and rural America are also becoming homes for the pests as their relentless march continues.
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.
Choice Hotels International, Inc. announced today that it has promoted Judd Wadholm to Senior Vice President and General Manager, Core Brands. A nearly 17-year veteran of Choice Hotels International and Radisson Americas, Mr. Wadholm is now charged with driving the growth and performance of the company's nine upper midscale, midscale, and economy brands in the U.S. market, which as of the end of 2023 consist of 5,500 hotels.
Photo illustration by Andrea D’Aquino ; see below for full credits Is an Instant Pot really more useful than a crockpot? Ina Garten’s cookbook How Easy Is That? has a section calling out the kitchen appliances and home goods that make her life easier: sturdy measuring cups, a large stockpot, and. two dishwashers. I love Ina, but girl, we live in a society.
ECI Partners, the leading growth-focused mid-market private equity firm, today announces its investment in TAG, the market leading high-touch travel management company to the entertainment and corporate markets.
Although there are no guarantees that a new location will be a success, choosing the right location can increase the chances dramatically. Download this white paper for some best practices when it comes to seeking a new location for your new restaurant.
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.
All employees are revenue management ambassadors for their organisations. Everyone contributes to the revenue success of a business in both direct and non-direct ways. Surprisingly, the value of operational excellence on commercial performance is often not talked about enough. Hospitality is a competitive industry and maximising revenue isn’t solely the responsibility of a select few , but rather, it’s a collective effort that involves every member of the team, from frontline staff t
Optimizing Revenue per Available Room (RevPAR) is one of the key focuses of most hoteliers. Travel is up, but so are guest expectations. Navigating the complex world of revenue management requires innovative solutions. While dedicated revenue management software is a component of this process, all of your technology must work together to increase your bottom line.
The Eternal City’s revitalised gallery-hotel showcases enhanced creative flow and 200 new contemporary artworks following three-month rejuvenation by Studio Marincola.
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.
Hoteliers are often caught between wanting to fill up their rooms as early as possible and waiting to potentially charge more for last-minute bookings. It’s a tricky balance, trying to ensure you don’t sell out too cheaply early on, while also not holding out for higher prices that may never come. NB: This is an article from Topline Revenue , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date So, let’s unpack this challenge and explore strategies for finding that s
Photo illustration by Andrea D’Aquino ; see below for full image credits Look to the restaurant world and local thrift shops to inspire your next plate purchase There’s nothing like a nicely outfitted kitchen to make a new apartment feel like home. Having nice dinnerware may seem like a secondary concern, especially when you’re busy hiring movers and figuring out how to pay the new electric company.
Hotel revenue optimisation strategies focus on striking the perfect balance between supply and demand to ensure you make as much money as possible. You want to sell the right room, to the right guest, at the right moment, at the right price, via the right booking channel – the one that charges the lowest possible commission. NB: This is an article from Little Hotelier , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date As a small, independent hotelier you may have
IHG Hotels & Resorts, one of the world’s leading hotel companies, and Google Cloud, today announced an expanded partnership that will fuel new customer experiences within the IHG One Rewards mobile app. With Google Cloud’s technologies, IHG will launch a generative AI-powered travel planning capability that can help guests easily plan their next vacation directly in the IHG One Rewards mobile app in a suite of new features that will launch in the second half of 2024, creating a more dynamic digi
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.
Raines has secured the management contract for the Cambria Charleston Riverview in Charleston, SC. This 126-room property, owned by RREAF Holdings , is the company’s seventh hotel in the Charleston market. “For a variety of reasons, we’ve decided to partner with Raines on this property,” said Kip Sowden, chairman/CEO, RREAF Holdings. “The Raines team sets itself apart with its deep understanding of the Charleston market, the personalized approach of its leadership and strong ties to the lo
Marriott International opened the doors of its first all-inclusive resort, the Marriott Cancun, An All-Inclusive Resort, in the Quintana Roo region of Mexico. Nestled along the turquoise waters of the Gulf of Mexico in the heart of Cancun’s Hotel Zone, the opening of Marriott Cancun, An All-Inclusive Resort marks the first-ever all-inclusive resort fully conceptualized by the Marriott brand.
The luxury industry is undergoing a change. As a result, its products are reaching more and more people. In order to avoid losing exclusivity and uniqueness, many brands are now relying on ‘experiences’. These are enabling them to strengthen their relationships with their customers, offering them a unique experience without sacrificing status or reputation.
Fairmas proudly announces the appointment of Rolf Arndt as the Managing Director of its subsidiary, Fairmas Services GmbH, the Fairmas branch specialised in providing additional services for hotel owners & investors. Notably, Fairmas remains under the leadership of Niels Schroeder, while Rolf Arndt will lead the Fairmas Services GmbH. With over 30 years of invaluable experience in the hospitality industry, particularly in Finance, Rolf brings a wealth of knowledge and expertise to his new role.
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.
AI is coming for the search business. Or so we’re told. As Google seems to keep getting worse, and tools like ChatGPT, Google Gemini, and Microsoft Copilot seem to keep getting better , we appear to be barreling toward a new way to find and consume information online. Companies like Perplexity and You.com are pitching themselves as next-gen search products, and even Google and Bing are making huge bets that AI is the future of search.
Branded residences are one of the fastest growing categories in the hospitality industry. At the start of 2023, Accor, a leading global player in the branded residences category, launched Accor One Living, an industry-first 360° platform for mixed-use projects and branded homeowner communities.
The restaurant hustle never sleeps, and neither do the challenges that come with it. As a restaurant manager, you’ve likely experienced your fair share of inaccurate inventory , inefficient processes, product waste, and potentially even lower-than-expected profit margins.
The “Tourism Investments and Economic Development in Europe” conference, jointly organized with Ministry of Tourism and Environment of Albania, was held within the framework of the UN Tourism Regional Commission for Europe. High-level delegates included investors from the hospitality, aviation and real estate industries, alongside private sector stakeholders and various heads of various international organizations.
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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