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According to Culinary Hospitality Outreach Wellness, 63 percent of hospitality workers suffer from depression, 84 percent feel stress from their jobs and 65 percent report using substances at work. May is Mental Health Month – and it’s clear that millions of restaurant workers need help. Society Insurance, which provides coverage to the hospitality industry, wants to share resources restaurants should be leveraging and implementing, such as creating an Employee Assistance Program as
In a recent conversation between EHL professor Ian Millar and Pedro Torres, founder of Youverse, they explored the multifaceted concept of digital identity within the hospitality industry. Torres provided a comprehensive explanation of digital identity, emphasizing its role in securely verifying individuals online. He highlighted the potential applications in hospitality, such as personalizing guest experiences, expediting check-in processes, and enhancing security measures.
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.
Promoting a food safety culture in the restaurant industry requires a fundamental shift in mindset and practices. By moving away from traditional beliefs and embracing modern industry standards, restaurants can minimize risks, protect consumer health, ensure regulatory compliance, and enhance their brand reputation. The potential benefits of such a shift are immense.
CBRE expects revenue per available room (RevPAR) growth to improve in the second half of 2024, following a weaker-than-expected first quarter.
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DALLAS, Texas—CBRE expects revenue per available room (RevPAR) growth to improve in the second half of 2024, following a weaker-than-expected first quarter. CBRE’s latest forecast projects a 2.0 percent increase in RevPAR growth for 2024, down from the 3.0 percent estimated in February 2024. RevPAR is now expected to grow by 3.0 percent for the remainder of the year, driven by international tourists, holiday travel, and limited supply growth.
Margaritaville, the global lifestyle brand, and Grupo Los Pueblos, the leading developer in the Republic of Panama, announced a new, beachfront condo destination in Playa Caracol. Set to debut in mid-2027, Margaritaville Beach Resort & Residences Playa Caracol will blend local cultural and architectural traditions to offer a distinctive experience in design and food & beverage, while embracing classic Margaritaville amenities such as 5 o’Clock Somewhere Bar and License to Chill Bar & Grill.
CBRE expects RevPAR growth to improve in the second half of the year, following a weaker-than-expected first quarter. The company’s latest forecast projects a 2% increase in RevPAR growth for 2024, down from the 3% estimated in February. RevPAR is now expected to grow by 3% for the remainder of the year, driven by international tourists, holiday travel and limited supply growth.
In 2024, the Dominican Republic has emerged as one of the top choices for outbound leisure travelers from the U.S. and Canada. This Caribbean gem has captured the hearts of travelers with its stunning beaches, rich culture and affordable vacation packages. With its proximity to North America, all-inclusive resorts, and a wide range of activities, it’s no wonder that the Dominican Republic is the go-to destination for travelers seeking sun, sand and relaxation.
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.
Small properties (one hundred rooms or less), especially upper-upscale and luxury boutique hotels in destination markets that are principally leisure with higher ADRs, are often attractive buy-out destinations for certain kinds of groups. This can range from weddings and reunions to corporate and association retreats or incentive travel. NB: This is an article from Cayuga Consulting Subscribe to our weekly newsletter and stay up to date The Challenge of Hotel Buyouts for Weekends: Case Study I
Placemakr, a tech-enabled hospitality and multifamily operator, today announced the launch of its newest flex living property in Washington DC, 81-unit Placemakr Navy Yard. Located just a short walk away from hot-spot neighborhoods Barracks Row and Eastern Market, Placemakr Navy Yard makes good on the company’s promise to reimagine where life happens by empowering its guests with the amenities of home and hospitality when they travel.
As we head into summer in the Northern Hemisphere, properties are gearing up for peak season. This preparation can both excite and intimidate lodging providers. On one hand, occupancy and revenue are up (yay!), but on the other, the pressure is on to maintain top-notch service with less time and more stress (eek!). NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date It’s a crucial time to make a good impression and an opportunity to earn a big bunch of lo
CHICAGO, Illinois—Maverick Hotels and Restaurants announced that it is now managing The Last Hotel STL in Saint Louis, Missouri. Maverick founder and CEO Robert Habeeb made the announcement. The Last Hotel STL has an architectural history and shows the preservation, restoration, and reinvention of the International Shoe Company. Originally opened in 1909, the building has stone carvings, metalwork, and terrazzo floors all in the Neoclassical and Art Deco styles.
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.
Many hotels collect guest data with the guest’s permission but how many truly use it effectively? The properties that have meaningfully increased their direct booking rates, overall loyalty and guest satisfaction have done so by fully committing to a data-driven approach that forges memorable moments across every interaction point along each guest’s journey.
PTM Partners and DoveHill Capital Management are proud to announce that Moxy St. Pete will open this summer, under management from the Wurzak Hotel Group. Located on Central Avenue, one of the most vibrant streets in Florida, the hotel will open as the new social hub of St. Pete. The newly built lifestyle hotel, thoughtfully designed by Storyn Studio for Architecture, will introduce 163 guest rooms and suites, a dynamic lobby featuring indoor and outdoor spaces, a large open-air bar and premium
In a recent survey by Stripe, 64 percent of global business leaders said that it has become harder to fight credit card fraud since the pandemic. Before we delve into credit card fraud, let’s understand what we’re facing. NB: This is an article from eZee Absolute Subscribe to our weekly newsletter and stay up to date Credit card fraud happens when someone uses another person’s credit card information without their permission to make purchases or reservations.
Hard Rock International (HRI) today announced its plans to cease operations of The Mirage Hotel & Casino as of July 17, 2024, to begin the transformation of the property into the highly anticipated Hard Rock Hotel & Casino and Guitar Hotel Las Vegas (HRHCLV).
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.
Faborit, a Spanish coffee shop and health food chain, has partnered with digital signage provider nsign.tv to digitize menu boards in 28 store locations spread across Spain.
Trend trackers in the region reported enormous growth expectations in September 2023, with Dom Rep leading the way (+54% in international arrivals and +39% in groups expected in Q4 2023, compared to the same period in 2019) and US and Canadian demand dominating air bookings. By contrast, traffic to Cancun was showing signs of a slowdown in the same period.
Maverick Hotels has expanded its management portfolio with the addition of The Last Hotel STL in Saint Louis, Missouri. The post Maverick assumes management of The Last Hotel STL in Missouri appeared first on Hotel Management Network.
Located at 1253 Pleasant Street, Moxy Boulder is strategically situated directly across from the University of Colorado to act as a vibrant hub for the city of Boulder and university community. It will offer 189 thoughtfully designed rooms featuring over 5,300 square feet of indoor and outdoor function space, a state-of-the-art fitness center, and an active lobby which will feature a Moxy Bar and lounge area where hotel guests are greeted with a ’Got Moxy’ cocktail or mocktail at check-in and fo
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.
In the hospitality industry, success lies in the ability to integrate strategic business practices with the unique demands of the sector. A people-centric approach should be at the heart of everything you do, both in terms of delighting your guests and attracting and retaining the best talent. However, all too often, the demands of running a business can get in the way.
Businesses are embracing personalization and even micro-personalization. Examples include implementing concierge service to help guests plan their trips, customizing marketing messages, and availing the guest’s favored type of coffee in the room.
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.
Rentyl Resorts and Davidson Hospitality Group have partnered on a first-of-its-kind condominium project with Embassy Suites. Embassy Suites by Hilton Orlando Sunset Walk is a five-building condominium project being developed by Sunset Walk Residences LLC. Rentyl and Davidson are responsible for the onsite management, sales, marketing, revenue and call center management of the units.
Imagine stuffing a 500,000-square-foot event space into a 5,000-square-foot hallway. That was the crazy idea I had when I checked out the Innovation Hub. The Innovation Hub was the center of the action at SAS Innovate in Las Vegas. Attendees saw demos of the hottest new SAS solutions, met the technical [.
Hotel Business’ May issue is out and Christina Trauthwein, VP, content & partnerships, shares some of the features you’ll find within it. The cover story is about artificial intelligence (AI) and its impact on the hospitality industry. There’s also an article on a new boutique brand in Savannah, GA; an interview with Hospitality America’s Ben Campbell; and the annual construction company report and list.
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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