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Opening a restaurant in competitive markets like South Florida is no easy task. Nearly 49 percent of restaurants fail within their first five years, and the 10-year survival rate is less than 35 percent, according to the U.S. Bureau of Labor Statistics. High rents, competition, and fees make it tough for new restaurants to stay afloat. However, one way to boost your restaurant's chances of success is by using a beer and wine license to offer creative cocktails—without the high cost and
Ever since the story of Gilgamesh was written down in ancient Mesopotamia, humankind has sought the means by which to restore health and extend life. Today, our knowledge of medicine and physiology has progressed to the point where we can quantify how aging occurs at the cellular level as well as offer people a host of therapies to attenuate the onset of aging and the diseases that aging contributes to, therein extending the good years of wellbeing and vitality that one has on this planet healt
For Sonesta International Hotels Corporation, 2024 has been a year of significant progress, ranging from robust distribution growth throughout its multi-brand portfolio to the debut of a unified loyalty program to encompass all its brands. The driving force behind the aforementioned areas of progress, as well as its overall atypical approach to franchising, has been John Murray, Sonestas president and CEO.
Pizza restaurants are poised to continue their evolution this year and incremental changes, especially in the areas of artificial intelligence, operational efficiency and customer preferences, will create both challenges and opportunities for pizzeria owners. From smarter ordering systems to food that travels better, here’s what pizzeria owners can expect in the year ahead.
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.
RIU Hotels & Resorts announced it’s offering Upgrade’s Flex PayBook Now Play Later Options to its guests. RIU, which is owned by the Riu family, specializes in holiday resorts with over 80 percent of its establishments offering its All Inclusive by RIU service. The partnership gives travelers the ability to spread the cost of their vacation over time and provides RIUs guests with an all-inclusive vacation paid for in monthly installments through Flex Pay.
Hyatt Hotels Corporation has completed an agreement for affiliates of Hyatt and Grupo Piero to enter a long-term, asset-light strategic joint venture that will manage Bahia Principe Hotels & Resorts -branded properties and own the Bahia Principe brand. The joint-venture agreement was first announced in October 2024. The agreement brings 22 resorts totaling approximately 12,000 rooms to Hyatt’s Inclusive Collection, including 21 resorts under the Bahia Principe Hotels & Resorts bran
Grand Hyatt Scottsdale Resort announced the appointment of Stuart Evans as director of sales and marketing. Evans joined the property as it completed a renovation and recently served as vice president of sales at Visit Phoenix. Pendy West Hollywood announced the appointment of Mgeni Mpolo as director of sales and marketing. Mpolo will oversee all aspects of sales and marketing while working on brand awareness and revenue goals.
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Grand Hyatt Scottsdale Resort announced the appointment of Stuart Evans as director of sales and marketing. Evans joined the property as it completed a renovation and recently served as vice president of sales at Visit Phoenix. Pendy West Hollywood announced the appointment of Mgeni Mpolo as director of sales and marketing. Mpolo will oversee all aspects of sales and marketing while working on brand awareness and revenue goals.
Mark Roeberson, COO of Clink Hostels, represents a hospitality professional whose journey began in childhood and evolved into a career defined by passion, innovation, and operational excellence. With Clinks expanding portfolio and ambitious refurbishments planned for 2024, Roebersons story offers insights into creating a successful, modern hostel brand.
Nobu Hotel Caesars New Orleans, the third property in partnership with Caesars Entertainment , has made its debut in the Crescent City. Located within the newly reimagined Caesars Tower, the hotel occupies two floors and features 54 guestrooms and suites. Created by Rockwell Group , the hotel seamlessly blends contemporary luxury with understated Japanese elegance, offering a serene retreat amidst the energy of the city, according to the developers.
Neil Taylor, General Manager of YOTEL Glasgow, brings an unconventional but refreshingly dynamic perspective to the hotel industry. With a career that began in geophysics and included leadership roles in the burgeoning craft beer scene, Taylors journey to hospitality might seem circuitous, but it reflects the adaptability and innovation that define his management style.
DALLAS, TexasCharter Holdings and Liberty Hospitality Partners announced the acquisition of the Tru by Hilton Dallas Market Center, marking an addition to their portfolio of hospitality assets. The new ownership also included plans for a renovation of the hotel’s rooftop space. The 152-room Tru by Hilton Dallas Market Center represents a strategic investment for both Charter Holdings and Liberty Hospitality Partners.
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.
DSH Hotel Advisors , a national hotel brokerage and advisory firm headquartered in Tampa, FL, arranged the sale of the 68-room Comfort Inn & Suites Deland Orlando MSA for an undisclosed price. Dennis S. Hopper, managing principal; Randy B. Taylor, SVP, investments; Dylan N. Amin, VP, investments; and Vandan Patel, investment associate; all with DSH, represented the seller, VSK Express LLC, and the buyer, SHIVA 400 LLC.
CHICAGO, Illinois, and PALMA DE MALLORCA, SpainHyatt Hotels Corporation announced the completion of an agreement for affiliates of Hyatt and Grupo Piero to enter a long-term joint venture, headquartered in Palma de Mallorca, Spain, which will manage Bahia Principe Hotels & Resorts-branded properties and own the Bahia Principe brand. The joint venture increases Hyatts all-inclusive portfolio.
Charter Holdings and The Liberty Group have acquired the Tru by Hilton Dallas Market Center. The new ownership also unveiled plans for a major renovation of the hotel’s rooftop space, set to become Dallas’ largest open-air rooftop bar. The 152-room hotel features a signature enlarged lobby with areas for work, play, dining and lounging; complimentary “Top It” breakfast bar; 24/7 “Eat. & Sip.” market with snacks and drinks; and a fitness center. “The
UK hotel investment transactions hit an estimated 5.75bn in 2024, more than double the volume recorded in 2023, according to Savills. This marks the highest level of activity in the sector since 2018, following a resurgence in activity that was largely driven by portfolio transactions, which accounted for 55% of total investment volumes, equating to 3.14bn.
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The Gin Trap Inn in the North Norfolk coastal village of Ringstead, has become the latest acquisition for Chestnut, East Anglias fastest-growing hospitality business. The acquisition consolidates Chestnuts foothold in the region, through the addition of a further 16 bedrooms. This is the Groups fourth Norfolk acquisition in 2024. In addition, Chestnut has opened The Maltings – a 28 bedroomed hotel in Weybourne (near Blakeney) with The Grain Store, a barn style restaurant and bar overlookin
Whitbread has celebrated the topping out of its new 212-bedroom hub by Premier Inn hotel at Snow Hill, in the City of London. Located on the site of the former Snow Hill Police Station, the hotel is a key part of Whitbreads strategy to grow its presence in prime central London locations and supports the City of London Corporations Destination City policy.
Hotels looking to attract their audience will find Instagram an essential marketing tool. With its focus on visuals and storytelling, Instagram provides hotels with an opportunity to showcase their unique qualities, build brand loyalty, and even inspire bookings. For hotels ready to take the plunge, this guide by our hotel marketing solution outlines top Instagram strategies for hotel marketing to succeed.
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.
As we enter the final year of the first quarter of the 21st century, hospitality faces an inflection point. Once driven forward by trailblazers whose bold thinking reimagined guest experiences, many industry participants find themselves fighting the challenge of standing out in a sea of sameness.
The 25 Boutique B&B in Torquay, Devon, is on the market for over 699,000. This award-winning property features six luxurious suites, a two-bedroom owners apartment, and amenities such as a sun terrace and landscaped gardens. Renowned for its high-quality service and prime location near Torquays center, the B&B enjoys steady tourist trade. After a decade of ownership and significant renovations, the business is profitable but offers growth potential for new owners.
In today's world digital breakthroughs are changing industries faster than ever before, and hotels are at the center of this tech shake-up. As we look to 2025 and beyond, hotels are using cutting-edge tech to make guests happier, work smarter, and stay ahead in a market that keeps changing. This article looks at the biggest hotel tech trends that will change the game.
The 25 Boutique B&B in Torquay, Devon has been brought to market for offers in excess of 699,000. The detached villa property comprises six bedrooms and suites, as well as an entrance lobby, guest lounge, and breakfast room. The property also includes a two-bedroom owners apartment, private car park, sun terrace and landscaped gardens. The 25 Boutique B&B has been operated by its current owners for just over 10 years, during which time significant renovation works have been carried out.
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.
Playa Hotels & Resorts has entered into a binding agreement for selling the Jewel Paradise Cove resort for $28.5m cash consideration. The post Playa Hotels & Resorts agrees to sell Jewel Paradise Cove for $28.5m appeared first on Hotel Management Network.
Roseate Hotels has appointed Christiana Kiose as hotel manager of The Roseate Villa Bath. Located in the centre of the historic city, The Roseate Villa Bath is a Georgian townhouse that features 21 rooms and suites. Kiose was most recently the operations manager at the Roseate Edinburgh, having previously worked as food and beverage manager at Villa Bath back in 2019.
Guestara, a startup specialising in AI-driven hotel solutions, has secured $500,000 in pre-seed funding, led by Sanjay Ghare. The post Guestara secures pre-seed funding for AI-driven hotel solutions appeared first on Hotel Management Network.
Your restaurant is bustling, customers are raving about your dishes, and the atmosphere is alive with energy. Everything seems perfect - until you glance at the profit margins and realize somethings not adding up.
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.
As with every year since 2011 (almost), I analyze the top headlines in hotel media to see what are the trends that get the most mentions and interest. It is a good way to see what interests the industry the most. Here is the analysis for 2024. (Scroll down to the bottom of the article to see the chart).
Restaurant businesses come in all shapes and sizes, but if theres one thing every business needs, its a reliable point of sale (POS) system. The POS plays an important role in any businesss day-to-day operations, as it drives the entire checkout process. In fact, the use of mobile POS transactions in India increased by 7% between 2018 and 2024. This system collects payments and guarantees that transactions are processed efficiently.
Today marks the highly anticipated opening of Nobu Hotel Caesars New Orleans, the third in partnership with Caesars Entertainment. The hotel brings the world-renowned Nobu experience to the vibrant cultural hub of New Orleans from the rapidly expanding luxury lifestyle brand.
Restaurant positioning is how you make your restaurant unique and memorable to customers. Its key to standing out in a crowded market. In this article, youll learn strategies to carve out a strong and lasting position for your restaurant.
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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