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Better food safety has never been more in reach, thanks to advancements in traceability standards and technology. With the January 20, 2026 compliance deadline for the U.S. FDA’s Food Safety Modernization Act (FSMA) Rule 204 approaching, restaurant operators stand to gain improved confidence in the safety and quality of the food they serve. While the rule targets all links in the supply chain such as manufacturers and distributors, its ripple effects can empower restaurants to respond more
Hooters closed dozens of locations in the summer of 2024. | Photo By Raymond Boyd/Getty Images Hooters is reportedly in talks about a bankruptcy filing It seems that another major chain might be ready to bite the dust: Bloomberg reported today that Hooters, the countrys most famous breastaurant, is in talks with law firm Ropes & Gray to prepare a bankruptcy filing, according to sources close to the situation.
WASHINGTONHotels efforts including higher pay and a broadening range of benefits have improved staffing levels over the past year, but nearly two-thirds (65 percent) of surveyed hotels continue to report shortages, according to a recent survey conducted by the American Hotel & Lodging Association (AHLA) and AHLA Gold Partner Hireology. While American hotels have largely recovered from the pandemic, hotel employment is still nearly 10 percent below pre-pandemic staffing levels, said AHLA Pres
Lille Allen/Eater Whether its simmered in curries or milk for ice cream, lemongrass provides a citrusy punch to everything it touches In warm climates with plenty of sun, lemongrass grows like a weed. Such is the case in my moms backyard in Los Angeles, where the bushy tropical grass stands over three feet tall. If you find yourself in this scenario, with an armful of fragrant lemongrass, you might ask yourself, What can I do with all of this?
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.
As a revenue manager, you may not always be on the frontline of MICE (meetings, incentives, conferences, and exhibitions) and group segments, but their influence is undeniable. NB: This is an article from Duetto Subscribe to our weekly newsletter and stay up to date Over the years, theres been a shift away from just looking at room revenue, to focusing on focusing on total revenue optimization across all hotel profit centers.
The International Society of Hospitality Consultants (ISHC) in partnership with The Americas Lodging Investment Summit (ALIS) presented Ben Weprin, Founder and CEO of AJ Capital Partners and creator of several hospitality brands such as Graduate Hotels, Marine & Lawn Hotels & Resorts, Field & Stream Lodge Co., with the 2025 Pioneer Award. The Award each year recognizes an individual who is considered a pioneer in their field by making an outstanding contribution, achievement, or improvement in t
With multiple competing hotels likely right across your street corner, establishing an effective hotel pricing strategy is paramount to ensure your hotels long-term success. NB: This is an article from Otelier Subscribe to our weekly newsletter and stay up to date With proper hotel pricing, your hotel will be set up to maximize revenue and ensure guest satisfaction.
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With multiple competing hotels likely right across your street corner, establishing an effective hotel pricing strategy is paramount to ensure your hotels long-term success. NB: This is an article from Otelier Subscribe to our weekly newsletter and stay up to date With proper hotel pricing, your hotel will be set up to maximize revenue and ensure guest satisfaction.
CBRE forecasts that RevPAR will continue to grow steadily in 2025, as urban locations continue to outperform due to improved group and business travel and continued recovery of inbound international travel. The company forecasts a 2% increase in RevPAR growth in 2025, with occupancy improving by 23 basis points (bps) and ADR increasing by 1.6%. This projected growth indicates the continued recovery of the lodging industry, with RevPAR expected to be 16.6% higher in 2025 compared with pre-pandemi
As the hospitality industry evolves, there’s one trend redefining how hotels work: hourly services. NB: This is an article from Mews Subscribe to our weekly newsletter and stay up to date Hourly services help hotels generate revenue by offering spaces and services on a short-term, on-demand basis. That could be anything from bike rentals to meeting rooms.
DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will continue to grow in 2025, as urban locations continue to outperform due to improved group and business travel and continued recovery of inbound international travel. CBRE forecasts a 2.0 percent increase in RevPAR growth in 2025, with occupancy improving by 23 basis points and average daily rate (ADR) increasing by 1.6 percent.
Recurring revenue is critical for businesses, including in the hospitality and wellness industries, as it provides financial stability, predictability, and long-term growth. NB: This is an article from Book4Time Subscribe to our weekly newsletter and stay up to date Unlike one-time transactions, recurring revenue models, like memberships, subscriptions, and prepaid service packages, create a steady cash flow, allowing businesses to plan investments, manage expenses, and navigate market volatilit
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.
Hotels efforts including higher pay and a broadening range of benefits have improved staffing levels over the past year, but nearly two-thirds (65%) of surveyed hotels continue to report shortages, according to the recent Front Desk Feedback survey conducted by the American Hotel & Lodging Association (AHLA) and Hireology , an AHLA Gold Partner.
BETHESDA, MarylandDiamondRock Hospitality Company announced that on Feb. 19, 2025, it completed the sale of the 410-room Westin Washington, D.C. City Center for a contract price of $92.0 million. The sales price represents an 11.2x multiple on 2024 hotel EBITDA and a 7.5 percent capitalization rate on 2024 hotel net operating income, or a capitalization rate of 5.6 percent inclusive of the company’s projected capital expenditures.
Melkonian Capital Management and RAL Companies today announced the official groundbreaking and public sales launch of Mandarin Oriental Residences, Grand Cayman which is destined to be the islands most exclusive enclave featuring the new Mandarin Oriental, Grand Cayman Hotel. Scheduled for completion in Q1 2028, the development marks Mandarin Orientals first new construction resort and residences in the Caribbean and is set to deliver an unparalleled level of luxury.
RALEIGH, North CarolinaConcord Hospitality celebrated its 40th anniversary, commemorating four decades of contributions to the hospitality industry. Since its inception in 1985 in Ohio, Concord Hospitality has relocated to North Carolina and transformed into a company with a portfolio spanning dozens of brands such as Hilton, Hyatt, Marriott, and IHG.
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.
Aberdeen City Councils Finance and Resources Committee has approved a public consultation for a potential visitor levy scheme in Aberdeen which would raise revenue to be used for improvements for the visitor economy in the city The report to committee said if The Visitor Levy (Scotland) Bill goes ahead, the absolute earliest a visitor levy scheme can come into effect in Aberdeen is 1 April 2027.
Hospitality is always changing. However, the current pace of change feels faster than ever, which throws up both challenges and opportunities for those within the industry. For revenue managers, the real question isnt just about managing change its about how to harness that change to drive profitability and long-term growth. 4 Trends for Revenue The post 4 Important Trends for Revenue Managers in 2025 appeared first on Revfine.com.
The Park Hotel in Sefton has applied for planning permission for a five-story extension which will expand the hotels offering by 40 rooms. Alongside this, the hotel also plans to open seven padel tennis courts, including one tailored to meet future Olympic standards. The application was submitted to Sefton Council by Wroot Design on behalf of City Life Projects and would see 40,000 sq ft added to the eastern end of the existing building.
Yasaman Stewart, director of marketing for Friendly's Restaurants, shares a look at her career, her achievements and industry trends ahead of her appearance at Restaurant Franchising & Innovation Summit 2025.
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.
Vector Hospitality Inc. , in partnership with Eraa Hospitality, has opened the 91-room Home2 Suites by Hilton Conyers Atlanta in Conyers, GA. The hotel marks Vectors inaugural hotel opening and entry into the Conyers market. “We are thrilled to bring Home2 Suites by Hilton to the vibrant Conyers community and to officially open the doors of Vector Hospitalitys inaugural hotel, said Aman Patel, president, Vector Hospitality Inc.
Newports hospitality landscape is about to be transformed with the opening of Island House Newport on March 13, 2025. This highly anticipated new-build hotel is redefining the standard for upscale accommodation in Newport, blending modern elegance with the citys rich maritime heritage. Developed by Marshall Properties and operated by Main Street Hospitality, Island House Newport is an inviting retreat offering a seamless blend of design and local experience.
Marcus & Millichap has arranged the sale of the 149-room Courtyard Tucson Airport in Tucson, AZ. This transaction highlights the continued investor demand for well-positioned hospitality assets in strong airport submarkets like Tucson, said Ebrahim Valliani, SVP, investments, Marcus & Millichap. The propertys recent renovations and proximity to Tucson International Airport made it a particularly attractive opportunity for both the buyer and seller.
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.
Corinthia Hotels and Dubai General Properties are proud to announce their partnership on a landmark hotel and residential development in the heart of Dubai. The skyline-defining structure will showcase refined design, opulent interiors, exceptional amenities and unmatched personalised service. This visionary project will redefine the traditional hotel and branded residences concept, introducing Corinthias Mediterranean soul and inventive hospitality to Dubai for the first time.
Sofitel, a pioneer of French luxury hospitality, has announced the grand opening of Sofitel Cairo Downtown Nile, a sophisticated addition to the heart of Cairos vibrant city. The five-star hotel blends timeless elegance with contemporary charm, redefining the art of living in Egypt to provide a unique gem that overlooks the majestic Nile.
Regency House, a five-star boutique hotel in Belfasts Queens Quarter, has appointed Nicholas Forsythe as its new general manager ahead of its latest expansion. Originally from South Africa, Forsythe brings 20 years of luxury hospitality experience to the role. The 7m expansion, set to open this spring, will add eight new bedrooms, a ground-floor restaurant, a first-floor lounge, and a premium wellness suite.
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.
Concord Hospitality, the award-winning hotel management and development company currently operating over 140 hotels across North America, celebrates its 40th anniversary, commemorating four decades of contributions to the hospitality industry. Since its inception in 1985 in Ohio, Concord Hospitality has grown from its humble beginnings, relocating to North Carolina and transforming into an award-winning company with a portfolio spanning dozens of premier brands such as Hilton, Hyatt, Marriott, a
Arc and Co has completed a 59m loan with Atlas Capital Partners to refinance an existing bank debt secured against a UK-wide hotel portfolio. The flexible commercial facility will support the undisclosed borrower with funds to enable value-add initiatives over the next 24 months, including various brand enhancements. Edward Horn-Smith, managing director of Arc and Co, said: The borrower required flexibility to enable them to execute their business plan over the course of the next two years, and
After a busy year of development, Sandos Hotels & Resorts is proud to debut upgrades at all four of its unconventional all-inclusive properties. Upholding its sterling reputation as a purveyor of premier hospitality on Mexicos west and east coasts, the Cabo San Lucas, Cancun and Riviera Maya hotels new offerings showcase a brand-new upscale resort tower, new and improved restaurants and bars, elevated amenities, curated programming and more.
Under promises of community and inclusivity, the bar debuted with fanfare until its sudden closure in early January. Workers say their workplace reality was much more bitter than sweet.
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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