Mon.Dec 23, 2024

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Embracing the Future: Key Trends Shaping the Restaurant, Bar, and Hospitality Industry in 2025

Modern Restaurant Management

As we step into 2025, the restaurant, bar, and hospitality industries are experiencing transformative shifts driven by evolving consumer preferences, technological innovation, and economic dynamics. These changes are driven by a combination of consumer demands, technological breakthroughs, and the industry’s need to adapt to economic and operational challenges.

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How Restaurants Offer a Helping Hand During the Holidays

EATER

Lille Allen From Refettorio Harlem in NYC to Truth BBQs partnership with Houstons Sky High for Kids, chefs are in the spirit of giving Next week, couple Amanda and Issac Toups will leave their Mid-City restaurant, Toups Meatery , load up a few vehicles, and make some deliveries to the surrounding New Orleans communities. Boxes filled with whole chickens, collard greens, apple pies, cranberry sauce, macaroni and cheese, and cornbread will reach roughly 2,000 people.

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STR Weekly Insights: 8-14 December 2024

Hospitality Net

U.S. hotel industry revenue per available room (RevPAR) rose a whopping 18.2% during the week ending 14 December 2024. This was the highest weekly RevPAR gain since February 2023 (excluding a recent week that was skewed by the Thanksgiving calendar shift). The strong performance was seen across the industry, driven largely by an 8.9% gain in average daily rate (ADR), which was the highest for the industry since February 2023.

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Historic Inn at Warner Hall Acquired by BluWater Group

Lodging Magazine

GLOUCESTER, VirginiaBluWater Group, an Orlando-based private equity firm, announced today the expansion of its portfolio with the acquisition of the Inn at Warner Hall, a charming 11-room inn listed on the National Register of Historic Places. Founded in1642, as part of an original land grant,the Inn sits on 38-acres along the Severn River and was previously owned byTroy and Theresa Stavens.

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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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AHLA closes out 2024 with record-high 33 partnerships

Hospitality Net

The American Hotel & Lodging Association (AHLA) will end 2024 with a record-high 33 active partnership agreements in a diverse range of industries that reflect AHLA members growing interest in the business verticals that will keep them competitive in the years ahead.

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Procurement Data in the Year of Data Centralization

Hospitality Net

Through numerous conversations with hotel tech executives, brand C-suites and owners over the course of 2024, when asked about what to prioritize on the technology front for 2025, the most common answer is simply, Data.

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Sage Hospitality adds Hilton City Center Denver to portfolio

Hotel Business

Sage Hospitality Group has assumed management of the Hilton Denver City Center. The company has been retained by Park Hotels & Resorts , making it the first partnership between the two companies. A well-known landmark in the Mile High City, the property will be the 18th hotel in Sages Denver portfolio, joining The Crawford, The Maven, The Oxford, Hotel Teatro and Hotel Clio, among others. “We are thrilled to add the Hilton Denver City Center to our growing portfolio and are truly grate

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The Ritz-Carlton, Bangkok Debuts in Thailand

Hospitality Net

The Ritz-Carlton, Bangkok, introducing a world-class hotel that offers unparalleled hospitality and immersive cultural experiences. Part of the Luxury Group portfolio by Marriott International, the hotel is set in an alluring 216-meter-high tower at One Bangkok, the largest holistically integrated district and a world-class business and lifestyle destination in the heart of Bangkok.

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KFC’s new tenders brand and PizzaExpress’s plans for the U.S.

Nation's Restaurant News

Plus, Dardens impressive performance

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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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Lark Hotels Forms Joint Venture With Life House, Adding More Than 50 Properties to North American Portfolio

Hospitality Net

Premier lifestyle brand and hospitality management company, Lark Hotels, announces today the formation of a joint venture with contextual hotel brand and operator, Life House. This joint venture will operate under Lark Hospitality LLC, doing business as Lark, encompassing all Lark Hotels and Life House-branded hotels, 33 restaurants and bars, and the groups combined portfolio of nearly 100 independent spirited properties, with locations throughout the continental United States, Hawaii, and Mexic

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Manorview submit plans for Bothwell hotel 

Hotel Owner

Scottish hospitality operator Manorview has submitted a planning application for the Bothwell hotel in Glasgow. The group, who also operates Boclair House in Bearsden and The Redhurst in Giffnock, purchased the property in summer 2022. Previously housing bedrooms, a restaurant, bar, conservatory and function spaces, the property will undergo a comprehensive refurb.

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How to Calculate Restaurant Food Cost Percentage

Sculpture Hospitality

Running a restaurant is no walk in the park. If youre in the industry, youll already know how crucial it is to keep track of your expenses (especially in these days of inflation).

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THG, TE Miller top off Home2 Suites hotel in Montana

Hotel Business

Hotel management company The Hotel Group (THG), an affiliate of Hotel Equities , and TE Miller Development LLC have reached the topping-off milestone for the Home2 Suites by Hilton Kalispell in Kallispell, MT. The milestone marks the completion of the framework for the 107-room extended-stay property, which is slated to open in late spring 2025. Its always exciting to see a project come to life, and this milestone is a testament to the hard work and collaboration of our team and partners, said D

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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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Hilton & Voyager Space Share Details on the Future of Food, Comfort in Space Travel at the 75th International Aeronautical Congress Panel

Hospitality Net

Earlier this year, Hilton leaders gathered at the 75th International Aeronautical Congress in Milan, Italy, to talk about the future of hospitality in space, including how to make accommodations comfortable, how to make food fresh and sustainable, and more.

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Driftwood Capital secures $62.5M refi for two hotels

Hotel Business

Driftwood Capital has secured $62.5 million in total refinancing for the Wylie Hotel Atlanta and Sheraton Pittsburgh Hotel at Station Square, two full-service hospitality assets located in the central business districts of Atlanta and Pittsburgh. Funds managed by affiliates of Fortress Investment Group have provided a 36-month, $28.5 million loan at a competitive interest rate to refinance the Wylie Hotel Atlanta.

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Rockbridge Acquires Three Hotel ZaZa Properties In Texas

Lodging Magazine

COLUMBUS, OhioOwner and developer Rockbridgeannounces the acquisition of three luxury lifestyle Hotel ZaZa properties in Texas. These distinctive hotels include the 159-room Hotel ZaZa Austin Downtown, the 166-room Hotel ZaZa Dallas Uptown, and 315-room Hotel ZaZa Houston Museum District. All three hotels reside in prime real estate locations within urban, high barrier-to-entry markets with strong demand drivers.

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UK hospitality could benefit from £505m on NYE

Hotel Owner

New Years celebrations could boost hospitality by 505m in pubs and bars, according to new data from music licensing company PPL PRS. Nearly five in 10 people (42%) plan on going out to celebrate, choosing the high street over home, with one in seven (13%) opting for a pub or bar. Around one in five (19%) admit theyll likely spend 100 or more while celebrating.

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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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Hyatt in talks with Playa on possible acquisition

Hotel Business

Hyatt Hotels Corporation has executed an exclusivity agreement with Playa Hotels & Resorts NV under which Playa has agreed to negotiate exclusively with Hyatt regarding potential strategic alternatives, which may include the acquisition of Playa by Hyatt. The exclusivity agreement will remain in place until the earlier of the execution of a definitive agreement for such transaction or 11:59 p.m.

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Today’s news in brief – 23/12/24

Hotel Owner

New Years Eve could contribute 505m to UK hospitality , as nearly 42% of people plan to celebrate outside their homes, with 13% choosing pubs or bars. Spending varies, with 19% anticipating 100 or more, while 10% expect to spend under 10. Atmosphere ranks as the top priority for 64% of attendees, with crowd rowdiness (46%), costliness (44%), and rude staff (37%) being major deterrents.

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Hospitality 2025: Top 10 Trends That Will Redefine Guest Experiences

eZee Absolute

The future isnt waitingits sprinting towards us. As we gear up for 2025, the hospitality industry is brimming with new trends that promise to redefine how hoteliers attract guests, optimize operations, and ultimately boost their revenue. In this fast-paced, ever-evolving world of hospitality, staying ahead isnt just an option; its the key to survival (and success).

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Record 33 AHLA partnerships heading into 2025

Hotel Management Network

Spanning multiple sectors, these collaborations aim to drive innovation and economic growth in the industrys future. The post Record 33 AHLA partnerships heading into 2025 appeared first on Hotel Management Network.

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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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Mastering Kitchen Display Systems: A Strategic Approach to Seasonal Menu Management

Adora POS

The ability to flexibly configure your kitchen display system can mean the difference between operational chaos and seamless seasonal transitions.

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Ireland’s first Radisson Red opens in Galway

Hotel Owner

Radisson has officially opened its first Radisson Red hotel in Galway, marking its debut of the brand in Ireland. Located in Galways newest neighbourhood, Crown Square, Radisson Red incorporates art, music and fashion to create an unforgettable stay for guests. The 177 guest rooms and suites have been decorated to reflect the hotels signature aesthetic, featuring vibrant colours, chic furnishing and striking artwork.

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Hyatt Centric South Beach Miami completes renovations 

Hotel Management Network

Hyatt Centric South Beach Miami in South Beach, Florida, US has completed renovations designed by Lang & Schwander. The post Hyatt Centric South Beach Miami completes renovations appeared first on Hotel Management Network.

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Prima partners with Schwartz Family Company for London hotel expansion

Hotel Owner

Singapore-based Prima Asset Management has partnered with Australia’s largest private hotel investor, Schwartz Family Company, to accelerate its real estate expansion in London, Europe’s leading hotel investment hub. Schwartz Family Company will serve as a key investor in Prima’s London Paddington hotel redevelopment project and possibly other future ventures.

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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.