7 Shifts
AUGUST 2, 2024
Restaurant accounting isn’t easy. It involves tracking massive amounts of real data and industry benchmarks. It even has its own language, KPIs, EBITDAs, and CoGs. Sounds complicated? That’s probably because you’re hearing most of these words for the first time. Learning basic accounting is like studying a different language, regardless of how many decades you have in the restaurant industry.
EATER
AUGUST 2, 2024
We drank the frozen 7-Eleven pumpkin spice Slurpee from the Dallas-based company, which is available at limited Texas stores now.
Lodging Magazine
AUGUST 2, 2024
In 2023, U.S. hotels saw their operating efficiency decline as operating expenses increased at a pace greater than revenue growth, resulting in a decline in profit margins. With forecasts of moderate revenue gains for the next few years, hotel owners and operators are very focused on controlling costs. Proper use of technology can enhance the productivity of employees, replace rudimentary manual functions, and improve the guest experience.
EATER
AUGUST 2, 2024
The Fond de Culotte, also known as Suze-cass, is a bittersweet French aperitif of Suze and cassis that's available off-menu at Paris bars.
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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Revenue Hub
AUGUST 2, 2024
In the competitive world of luxury hospitality, standing out requires more than just excellent service; it demands a robust digital presence. For hotel marketers, designing assets for a digital marketing campaign can be daunting, especially with the ever-evolving digital landscape. NB: This is an article from ARO Subscribe to our weekly newsletter and stay up to date Whether you’re crafting visuals for a bespoke website, optimising a hotel booking engine, or executing a campaign through a
Hospitality Management Today brings together the best content for hospitality management professionals from the widest variety of industry thought leaders.
Modern Restaurant Management
AUGUST 2, 2024
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of LTO impact, influencer impact and no-show fees. Adjusting Priorities Restaurant365 released findings from its midyear industry survey. Restaurant leaders representing nearly 3,700 QSR, fast casual, casual dining, and fine dining locations shared 2024’s top challenges and opportunities alongside plans for investment in back-of-house technology, increased sales, and team training, benefits, an
Revenue Hub
AUGUST 2, 2024
A robust sales distribution strategy is indispensable for hotels striving to maximise revenue and drive direct bookings. By leveraging a diverse array of channels, hotels can amplify their visibility, target high-value guests, mitigate the impact of seasonality, and foster direct booking growth. NB: This is an article from Guestline Subscribe to our weekly newsletter and stay up to date In the ever growing online marketplace, the guest has a lot of choices to make.
Modern Restaurant Management
AUGUST 2, 2024
In the restaurant industry, employee feedback—in both directions—is crucial for making positivechanges in operations and workplace dynamics. When restaurant staff feel listened to and appreciated, their morale increases as does workplace engagement and productivity. By seeking out staff input, clearly conveying areas for improvement and creating a clear action plan, restaurant owners and managers can aptly address areas that need enhancement, simplify processes and create an environm
Hospitality Net
AUGUST 2, 2024
Sandals Resorts International (SRI) today announces its acceleration of plans to expand the family-friendly Beaches Resorts brand with the development of Beaches Exuma, its fourth resort, and the first Beaches in The Bahamas. To make this new resort possible and as part of a coordinated growth plan across the Sandals and Beaches Resorts portfolio, Sandals Emerald Bay will close on August 15, 2024, and undergo a transformation that is anticipated to begin in Fall 2024 before reopening as the new
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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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Revenue Hub
AUGUST 2, 2024
There are estimated to be more than 700,000 hotels in the world, with most of them concentrated in popular tourism hotspots. This number means that there is fierce competition to attract your guests and stand out as the one amongst 700,000 others. NB: This is an article from SuitePad Subscribe to our weekly newsletter and stay up to date There are many ways to stand out: you can offer unique experiences through creative design and storytelling , conduct a competitive market analysis to offer the
Hospitality Net
AUGUST 2, 2024
What’s the keystone system that a hotel should build its tech ecosystem around? Up until now, the answer to this question was always the property management system (PMS). Without properly administered rooms inventory, you have nothing. That’s your core, and the rest can be plugged in or swapped out (albeit painstakingly) as integrations to the PMS would allow.
Hotel Owner
AUGUST 2, 2024
Edinburgh hospitality is due to benefit from a major rise in sales as Edinburgh Fringe and other festivals have kicked off today (2 August). Last year, Edinburgh welcomed almost 250,000 people to its festivals, which helped deliver a 30% rise in average daily sales for hospitality venues in the city compared with the rest of the year. According to hotel occupancy data from CoStar, there is an average 79% occupancy rate throughout the Fringe festival from 2 to 26 August.
Hospitality Net
AUGUST 2, 2024
The property will expand the footprint of the company's upscale brand - Aurika Hotels & Resorts.
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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.
Hotel Management Network
AUGUST 2, 2024
IHG Hotels & Resorts has partnered with Action Against Hunger to combat food insecurity and hunger affecting millions globally. The post IHG partners with Action Against Hunger to combat global malnutrition appeared first on Hotel Management Network.
Hospitality Net
AUGUST 2, 2024
InterContinental Hotels & Resorts, part of IHG Hotels & Resorts’ luxury and lifestyle portfolio, announces the opening of the InterContinental San Antonio Riverwalk. The debut of the 390-room hotel — which features more than 18,000 square feet of meeting space, four new restaurants and bars, and impeccable Les Clefs d’Or concierge service — sets a new standard for luxury accommodations in the region.
Hotel Business
AUGUST 2, 2024
McNeill Hotel Company has opened the TownePlace Suites by Marriott Memphis Germantown, a new addition to the Thornwood mixed-use development. The grand opening celebration is scheduled for early fall. The five-story, 111-room hotel’s amenities include a restaurant and rooftop bar, which will open soon, as well as a fitness center, indoor pool and 6,000 sq. ft. of ground-floor retail.
Hospitality Net
AUGUST 2, 2024
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with PT Central Sudirman Development, for the first Andaz hotel in Jakarta, Indonesia. Slated to open in early 2028, the hotel will be an integral part of Two Sudirman Jakarta, a mixed-use two-tower development poised to be amongst the tallest skyscrapers in the country.
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.
Hotel Business
AUGUST 2, 2024
RLJ Lodging Trust has acquired the fee-simple interest in the 110-room Hotel Teatro in Denver for a purchase price of $35.5 million. The hotel was redeveloped into an independent boutique lifestyle hotel following the conversion of the historic Denver Tramway Company office building, built circa 1911. The hotel is expected to generate over a 10% stabilized yield.
Hospitality Net
AUGUST 2, 2024
In this article we look at the role of emotions in the change process. Many inexperienced change leaders tend to assume that change in organizations can be broken down to a purely rational calculation of costs and benefits. In reality, the emotions of organization members are inextricably connected to how they will position themselves towards the change and whether they will support it, resist it, or remain neutral bystanders.
Hotel Business
AUGUST 2, 2024
Sonesta International Hotels Corporation executed 19 franchise agreements during the second quarter spanning six of the company’s 13 brands. “These signed franchise agreements executed in Q2 bolster our presence in certain key markets and represent the introduction of several new owners to Sonesta,” said Keith Pierce, Sonesta’s EVP/president, franchise & development.
Hospitality Net
AUGUST 2, 2024
In the ever-evolving world of boutique hospitality, partnering with the BLLA and sponsoring our premier events, such as the upcoming Boutique Hotel Owners Conference, offers unparalleled benefits for vendors and sponsors. Industry leaders from DIRECTV HOSPITALITY, Capital One Travel, and Jonas Chorum share their experiences and insights into how this partnership has driven visibility, networking, and business growth.
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
Hotel Business
AUGUST 2, 2024
The U.S. hotel industry reported lower performance results than the previous week and mixed comparisons year-over-year (YOY), according to CoStar’s latest data through July 27. July 21-27 (percentage change from comparable week in 2023): Occupancy: 72.0% (-0.4%) ADR: $164.45 (+1.3%) RevPAR: $118.37 (+0.9%) Among the top 25 markets, New Orleans saw the highest YOY occupancy increase (+16.9% to 66.7%).
Hospitality Net
AUGUST 2, 2024
In an unprecedented move, Archipelago International, the largest privately-owned hotel management group in Southeast Asia, has joined forces with Noval Properties, a premier real estate developer in the Dominican Republic. This strategic alliance, formed in November 2023, is proud to announce the signing of six comprehensive management agreements that will see the introduction of Archipelago International’s esteemed brands and innovative property management solutions to the Dominican Republic’s
Lodging Magazine
AUGUST 2, 2024
GERMANTOWN, Tennessee—McNeill Hotel Company announced the opening of the TownePlace Suites by Marriott Memphis Germantown, a new addition to the Thornwood mixed-use development. McNeill Hotel Company President Travis Murray made the announcement. The grand opening celebration is scheduled for early Fall. The five-story, 111-room TownePlace Suites Memphis Germantown’s amenities include a restaurant and rooftop bar which will open soon, a fitness center, an indoor pool, and 6,000 square feet of gr
Hospitality Net
AUGUST 2, 2024
In this episode of the Hotel Moment podcast, your host of two years, Revinate CMO Karen Stephens, is making her formal introduction to all our listeners. Karen walks through a bit of her journey in the hospitality sector, highlighting the technological innovation she’s witnessed at Revinate and across the industry. You’ll also hear first-hand insight from Karen and previous podcast guests about key trends that hoteliers are tackling head-on.
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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.
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