Tue.Apr 09, 2024

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Sustainable advantage: How renewable energy is transforming the hospitality industry

eHotelier

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.

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Moves Modern Restaurants Are Making in 2024

Modern Restaurant Management

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.

Pricing 203
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IHG Hotels & Resorts builds a new travel planner powered by Google Cloud AI

eHotelier

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.

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Restaurant Execs Optimistic About AI Impact

Modern Restaurant Management

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.

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

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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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8 functions of a property management system | Mews

MEWS

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.

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Twenty Four Seven Hotels adds digital tipping

Hotel Business

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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Marina Bay Sands’ multi-billion-dollar expansion enters final phase of design enhancements

eHotelier

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.

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Bed Bug Population Booms as Travel Season Looms

Hotel Business

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.

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Enrique Nepomuceno appointed Director of Engineering at The Ritz-Carlton San Francisco

eHotelier

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.

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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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Keep This, Not That: A Kitchen Appliance Showdown

EATER

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.

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Judd Wadholm appointed Senior Vice President and General Manager, Core Brands at Choice Hotels

eHotelier

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.

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Raines adds Cambria Charleston Riverview to portfolio

Hotel Business

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

Marketing 105
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Travel Management Firm, TAG, soars higher with backing from ECI Partners

eHotelier

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.

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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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Luxury experiences: When luxury meets hospitality

EHL Insights

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.

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Rolf Arndt Named Managing Director of Fairmas Services GmbH

Hospitality Net

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.

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Maximizing Hotel Revenue: How Software Solutions Drive RevPAR

Revenue Hub

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.

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Accor One Living, One Year Later: a Turnkey Solution for Accor’s Mixed-Use and Branded Residences Expertise

Hospitality Net

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.

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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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Driving Revenue Growth Through Operational Excellence

STAAH

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

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UN Tourism Launches Tourism Investment Guidelines for Albania

Hospitality Net

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.

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Selling Out vs. Maximizing Revenue: The Delicate Balance

Revenue Hub

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

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May 2024 Opening For Florida’s Newest Premier Gulf Coast Resort

Hospitality Net

Marriott Hotels, the signature flag of Marriott Bonvoy’s portfolio of over 30 extraordinary hotel brands, is proud to announce the opening of Palmetto Marriott Resort & Spa slated for May 2024. Situated on Florida’s picturesque west coast, the eight-story property will serve as an oasis for business and leisure guests, offering a tapestry of immersive coastal experiences and unparalleled amenities.

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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

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Hotel Revenue Optimisation Strategies for Small Hotels

Revenue Hub

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

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A New Approach to Estimate the Return on the Equity in the Mortgage-Equity Valuation Technique

Hospitality Net

In my previous newsletters, I describe the virtues of utilizing the mortgage-equity technique when valuing hotels and other types of income properties. This newsletter will explain how to determine the return on the equity component which is based more on the transaction market rather than the financial market. My approach will probably surprise you.

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Salsa Espinaler Is a Hot Sauce Without Borders

EATER

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.

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The Pavilions Rome, The First Arte reopens following refurbishment

Hospitality Net

The Eternal City’s revitalised gallery-hotel showcases enhanced creative flow and 200 new contemporary artworks following three-month rejuvenation by Studio Marincola.

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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.