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Technomic’s revised predictions for 2024 revealed a challenging road ahead for the restaurant industry, which has been plagued by rising prices and shifting consumer behavior since the onset of the pandemic. The first half of 2024 saw a decline in traffic that was significant enough that the data and analytics firm reduced its original forecast from a 5.3 percent sales increase by 1.5 percentage points to 3.8 percent.
Hotels are busy places that offer a variety of services to make guests feel welcome. The way a hotel operates is crucial for keeping everything running smoothly and ensuring that visitors have a great experience. In this blog, we will explore what hotel operations are, why they matter, and how they work. What Is Hotel Operations Management? Hotel operations include all the daily tasks that help a hotel function well.
Reba and Melissa Peterman, reunited again at Happy’s Place | Casey Durkin/NBC The new show doesn’t break any molds, but it sure is cozy In 2001, country star Reba McEntire ruled the airwaves with her eponymous sitcom, Reba. In the series, McEntire stars as a single mom who — well, you know how the song goes. The show only ran for six seasons but developed a cult following in syndication, and it continues to inspire memes.
Sean Wheeler, Hospitality Action Ambassador and People and Culture Consultant at Sean Wheeler Consulting, has been a passionate advocate for mental health in the hospitality industry for many years. In a recent interview with Hotel Owner, Wheeler shared his journey from a humble beginning in a pub to becoming a key figure in hospitality, and how this initiative has grown in response to the challenges faced by workers in the industry.
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.
The credit team at Peachtree Group surpassed $1 billion in loan originations year-to-date, marking a major milestone and setting a new benchmark for the firm’s performance this early in the year. The firm anticipates that its credit team will surpass $1.75 billion in loan originations in 2024. “While the Federal Reserve has lowered rates to provide some relief to the overall economy, the commercial real estate sector will continue to face significant headwinds over the next few years,” sai
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today announces the signing of four new Garner properties, extending the brand’s presence across the UK and Europe.
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IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today announces the signing of four new Garner properties, extending the brand’s presence across the UK and Europe.
Data science continues to be a pivotal force driving innovation across industries. From enhancing customer experiences to optimizing operational efficiencies, the role of data science is expanding, bringing with it new challenges and opportunities. This article explores the emerging trends and technologies that are shaping the future of data science [.
Radisson Hotel Group expands its Italian portfolio with five new signings and seven upcoming openings, marking a significant milestone in its growth strategy and reinforcing its commitment to introduce its brands key travel markets.
The Regent Hotels & Resorts brand has returned to the U.S. with the opening of Regent Santa Monica Beach in Santa Monica, CA. Part of IHG Hotels & Resorts ’ luxury and lifestyle portfolio, the hotel is the brand’s first flagship property within the Americas. The brand’s previous U.S. hotel, what is now the Beverly Wilshire Beverly Hills, a Four Seasons Hotel, served as the setting for the film “Pretty Woman.
What makes compiling a list like Fodor’s Finest Hotels such a daunting task is the outrageous number of hotels worldwide. The United Nations World Travel Organization has estimated that there are roughly 700,000 hotels in the world–from hostels to uber-luxury. Other estimates suggest the number is closer to 1 million properties–and some believe there are even more.
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.
The Sonas Collection has launched a new fine dining restaurant at the recently renovated Knipoch House Hotel, near Oban, Scotland. Under the creative leadership of chef Andrew Engledow, the new restaurant named 1635 offers a seven-course, high-end Scottish dining experience. The restaurant’s name pays homage to the historic roots of the Knipoch House Hotel, which dates back to the 16th Century.
Hermitage Bay, the highly acclaimed, laid-back, luxury resort nestled on the rolling hillside of Antigua’s west coast, is set to open its doors again on November 1, 2024, following a multi-million dollar renovation project. Now under the ownership of international hotelier, Daniel Shamoon of Luxury Hotels Partners, the resort retains all the charm that established it as a Caribbean gem while offering inspired enhancements, including 30 fully redesigned guest villa suites, an increased number of
SeaSpace, the first lifestyle aparthotel in Cornwall, has today (18 October) opened its doors to guests. Noticing a shift in how travellers are looking to stay and aware of the rising popularity of aparthotels in urban settings, the SeaSpace concept blends the “best” of a lifestyle hotel with the freedom of self-catering. Designed by the experienced team behind Watergate Bay Hotel, Another Place and Beach Retreats, the project has been two years in the making, with rigorous planning, energy and
At Accor, we remain steadfast in our commitment to nurturing healthier and more responsible food habits across our 10,000+ bars and restaurants. Food & Beverage operations account for 17% of our carbon footprint, 40% of our water usage, and 80% of our biodiversity impact. To address these challenges, we focus on three priorities: responsible sourcing, reducing food waste, and transforming culinary offerings.
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.
Tregarthen’s Hotel on the Isles of Scilly is opening four new lodges, offering guests new and stunning sea views. Funded by a business loan from Lloyds, the new lodges feature floor-to-ceiling sea-facing windows across their two levels. Building works began on the lodges in early 2023 with the accommodation able to welcome its first visitors in October 2024.
Change is accelerating on multiple fronts. From global elections, rapid AI advancements, and increased costs of living (to name a few), it’s no surprise that people find themselves fatigued, needing to withdraw, pick a side or simply disconnect. Yet, in the face of rising uncertainty, isolation and polarization, we’re seeing just the opposite in travel.
CDL Hospitality Trusts (CDLHT) has announced the acquisition of Hotel Indigo Exeter for £19.4m. The acquisition is expected to complete once the relevant conditions are met. Hotel Indigo Exeter is an upscale lifestyle boutique hotel offering 104 rooms, with spa and gym facilities as well as two retail units. After undergoing an extensive conversion from a House of Fraser department store, the hotel fully opened in October 2023.
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.
The Best Western Wessex Royale Hotel in Dorchester has been sold to Sleeping Bear Hotels at an undisclosed price. The Georgian Grade II listed property features 29 ensuite guest bedrooms, a dining room and lounge bar which seat up to 64 guests, as well as a function room which has capacity for 70. It has been extensively renovated in recent years and undergone a full refurbishment.
Premier Resorts & Management, a full-service hotel operating company headquartered in Ormond Beach, Florida today announced the opening of the 190-room Renaissance Daytona Beach Oceanfront Hotel. The futuristically-designed property located at 640 North Atlantic Avenue on the oceanfront of Daytona Beach is owned by 640 North Atlantic Hospitality, LLC and managed by Premier Resorts & Management.
Beaufort House in Knightsbridge, Central London has been brought to market for an undisclosed amount. Comprising two buildings, Beaufort House consists of 21 luxury and individually-designed serviced apartments ranging from one to four-bedroom standard, executive and superior units. Each apartment benefits from fully-fitted kitchens, deluxe bathrooms and high-spec dining and living areas.
TROO Hospitality has announced a milestone achievement with its first property in Central London, following a partnership appointment with Immersive Hospitality Management, to manage the iconic Corus Hotel Hyde Park, located at 1 Lancaster Gate.
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.
SeaSpace, Cornwall’s first lifestyle aparthotel , officially opened on 18 October. Located on Newquay’s east cliffs, SeaSpace merges the independence of self-catering with the luxuries of a lifestyle hotel. Developed over two years by the creators of Watergate Bay Hotel, the site offers guests self-contained studios and apartments with hotel-like amenities.
HomeToGo—the SaaS-enabled marketplace with the world’s largest selection of vacation rentals—today released its 2025 Travel Forecast, revealing five travel trends predicted for the year ahead. Based on a depth of survey and search data, 2025 will be a year defined by extended, immersive getaways and loved-up couples’ trips, with price and climate commanding a surge in shoulder season escapes.
Social engineering, AI advancements, and new tech streaming devices are among the top hospitality trends that have made hotels more susceptible than ever to cyberattacks, according to industry insiders. Nevertheless, hotel companies have dramatically increased their focus, as well as their investment, to fight back aggressively against cybercrime. LODGING recently interviewed a pair of prominent third-party management executives, as well as a major brand representative, to get their outlook on t
Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a resort in Prayagraj in Uttar Pradesh. This greenfield project will be under the Gateway brand.
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Gregg Wallis , senior editor, Hotel Business , sits down with Mark Shalala , SVP, development-upscale brands & real estate, Choice Hotels International , to talk about how lower interest rates will affect the industry, the continued integration of Radisson brands and more. The post HB on the Scene: Choice’s Shalala discusses lower interest rates and more appeared first on hotelbusiness.com.
The real estate market is constantly evolving, influenced by economic factors and societal trends. Over the years, different real estate sectors have taken turns in the spotlight, with office and multi-family properties often seen as safe and stable investments. However, recent data suggests a changing landscape, with hotel assets emerging as a more attractive investment option.
Aimbridge Hospitality has had a transformative year with notable leadership changes, investment in talent and enhanced differentiated service offerings aimed at driving performance and results for hotel owners. As the company builds on the momentum it has generated this year, the company remains focused on empowering its associates and GMs, expanding its collection of tools and expertise-based services, and harnessing the power of its scale leading to success across its managed portfolio.
Loews Hotels & Co, co-owner and operator of the hotel portfolio at Universal Orlando Resort, announces the much-anticipated opening date of the company’s third hotel coming to Universal Epic Universe next year. Universal Helios Grand Hotel, a Loews Hotel will start taking reservations October 22 for bookings beginning May 22, 2025.
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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