Fri.Jan 05, 2024

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Malaysia E-Invoicing: What Hoteliers Need to Know

Soft Inn

In May 2023, the Malaysian Inland Revenue Board (IRB) officially declared its intention to implement the new electronic invoicing (e-invoice) system, starting with the initial phase targeting 4,000 businesses. The implementation is scheduled to start on 1st Aug 2024 for businesses achieving an annual sales threshold of RM100 million.

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Strategies for Financial Stability and Efficiency in Restaurant Supply Chains

Modern Restaurant Management

While commodity shortages, transportation logjams and other disruptions have eased, restaurants and other food service providers continue to apply lessons learned from recent periods of instability to make logistics and resupply processes more nimble and resilient. To minimize service disruptions across restaurant operations, proactive businesses prioritize not just navigating the current economic environment but also preparing for any uncertainties in the future.

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The Stanley Stampedes Were Inevitable

EATER

Behold, a cup. | Starbucks Why do we lose our minds over cups? As a cup girlie myself, I have some theories. When I saw the headlines this week that people were being “trampled” as they lined up outside of Target stores across the country to score limited edition Stanley x Starbucks tumblers , I was not surprised. The cup has been trending on social media, especially TikTok, since 2022, when it became the preferred water vessel for “aesthetic” girlies who loved its hulking size and array of eye-

Pricing 131
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CoStar: U.S. Hotel Performance Increases But Comparisons Lower With Calendar Shift

Lodging Magazine

WASHINGTON—U.S. hotel performance increased from the previous week, while year-over-year comparisons were skewed downward due to a calendar shift, according to CoStar’s latest data through Dec. 30, 2023. U.S. Hotel Performance December 24-30, 2023 Percentage change from comparable week in 2022:Occupancy: 50.1 percent (down 7.1 percent)ADR: $163.58 (down 2.8 percent)RevPAR: $82.01 (down 9.7 percent) Year-over-year comparisons were negative as the comparable week from 2022 (Dec. 25-Dec. 31) ended

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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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The Curious Case of ‘Welcome In’

EATER

Illustration by Nicole Medina Why does it seem like this phrase took over the hospitality industry overnight? Last year, I started to notice a particular phrase cheerfully uttered in my direction when I entered a store, hotel, restaurant, yoga studio — even the venerable halls of the JFK Delta SkyClub: “Welcome in!” I heard the greeting for the first time about five years ago on a trip to Los Angeles, but since then it has seemingly made its way across the country and taken hold in every corner

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More Trending

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The Stanley Stampedes Were Inevitable

EATER

Behold, a cup. | Starbucks Why do we lose our minds over cups? As a cup girlie myself, I have some theories. When I saw the headlines this week that people were being “trampled” as they lined up outside of Target stores across the country to score limited edition Stanley x Starbucks tumblers , I was not surprised. The cup has been trending on social media, especially TikTok, since 2022, when it became the preferred water vessel for “aesthetic” girlies who loved its hulking size and array of eye-

Pricing 113
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Ohana Real Estate Investors names Franco Famularo president

Hotel Business

Ohana Real Estate Investors, a vertically integrated real estate investment firm, has promoted Franco Famularo to the position of president. He served as chief investment officer prior to this promotion and will continue in this role in addition to his expanded oversight of the firm’s investment management business. He joined Ohana in 2015 as the first dedicated investment professional and has helped build the investment management business from the ground up over the past nine years.

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Revitalise your health: seven tips to kickstart a year of wellness in 2024

Hospitality Net

While New Year’s resolutions may come and go, the key to lasting change lies in cultivating a mindset of sustained well-being. Chiva-Som invites all to embark on a journey to make 2024 a year of healthy living, filled with vitality and motivation. Here are seven tips to help you kickstart the new year with a renewed commitment to health.

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Embassy Suites by Hilton Asheville Downtown debuts

Hotel Business

Embassy Suites by Hilton Asheville Downtown has opened its doors to guests. The 188-room hotel, owned and managed by Parks Hospitality Group offers views of North Carolina’s Blue Ridge Mountains. The full-service, all-suites property in Asheville also brings more than 7,000 sq. ft of flexible meeting and event space to the downtown area. E’Terie, the lobby-level restaurant and bar, and Soprana, an Italian brick oven pizza rooftop restaurant, are slated to open in early 2024.

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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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Dave's Hot Chicken, Biscuit Belly leaders share operations advice

Fast Casual

Top restaurant brand leaders at Dave’s Hot Chicken and Biscuit Belly provide insight on everything from growing a brand to smart hiring approaches during a session at the recent Fast Casual Executive Summit.

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Food and beverage industry trends 2024: Culinary harmony unveiled

EHL Insights

In the wide-ranging Food and Beverage industry, global trends are increasingly important. As cultures intertwine and borders blur, the industry must cater to a palate that is constantly evolving and universally connected. Here, we delve deep into the international choreography that makes F&B a globally harmonized experience.

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Today’s news in brief – 5/1/24

Hotel Owner

Crerar Hotels reported a 30% increase in gross profits, reaching £16.4m, for the year ending March 2023 , surpassing pre-pandemic levels. Despite a pre-tax loss of £2.2m due to restructuring after acquisition, the hotel group achieved a 31% rise in turnover to £19m. Noteworthy investments included a £2.4m upgrade of properties, with a focus on spa redevelopment at Loch Fyne and Golf View Hotel.

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New Survey by Novotel - Kids take over holiday planning in 2024

Hospitality Net

What would happen if you let your kids design their dream holiday? French hotel chain Novotel, one of the world’s most-loved family hotel brands - recently commissioned a new study to uncover what kids and their parents have on their minds when it comes to planning a trip in 2024.

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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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Crerar Hotels FY23 profits exceed pre-pandemic levels

Hotel Owner

Crerar Hotels saw gross profits across the portfolio increase 30% to £16.4m and exceed its pre-pandemic performance for the year ended March 2023, despite a pre-tax loss of £2.2m that was incurred by a company restructure following Crerar’s acquisition. Nevertheless, the hotel group saw a 31% rise in turnover to £19m. During 2023, the Scottish hotel chain invested £2.4m in upgrading its properties, including the redevelopment of the spas at Loch Fyne hotel in Inveraray and Golf View Hotel in Na

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Breaking Down New York State Tips Laws for Restaurant Owners

7 Shifts

New York restaurant owners must maintain compliance with laws and regulations on multiple levels: statewide regulations, federal guidance, and local ordinances. The result is a complex patchwork of laws that varies from place to place. To keep your restaurant compliant (and avoid fees and litigation), it’s important to be aware of the ways New York’s state laws vary from federal and local regulations.

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Britannia Hotels-owned Pontins closes third holiday park

Hotel Owner

Britannia Hotels-owned Pontins has announced the closure of its third holiday park in two months. Pontins Southport Holiday Park shut permanently on 3 January and prior to this, its parks in Prestatyn and Camber Sands shut on 30 November Pontins, which was founded in 1946, was bought out of administration by Britannia Hotels in 2011. The group, which started with six sites, now has only two sites in Lowestoft and Weston-Super-Mare.

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Breaking Down New York State Tips Laws for Restaurant Owners

7 Shifts

New York restaurant owners must maintain compliance with laws and regulations on multiple levels: statewide regulations, federal guidance, and local ordinances. The result is a complex patchwork of laws that varies from place to place. To keep your restaurant compliant (and avoid fees and litigation), it’s important to be aware of the ways New York’s state laws vary from federal and local regulations.

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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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Native Places appoints new CEO

Hotel Owner

Native Places, a lifestyle aparthotel brand, has announced the promotion of Olivia Immesi to the role of CEO. In her new role, Immesi is responsible for the day-to-day operations of the Native Places business, which includes a portfolio of seven aparthotels, 11 serviced apartments under The Apartment Collection, Counter – the brand’s food and beverage offering, and Ducie Street Warehouse – a one-stop lifestyle destination.

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Packing Tips: Everything You Need for an International Adventure

Hospitality Net

International travel opens our eyes to unique adventures, diverse cultures, flavorful cuisine, and an amazing array of awe-inspiring sights, sounds, and smells. With Hilton properties covering 124 countries and territories, the hardest part just might be deciding where to visit first.

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Hotel Leadership Conference to go ahead in January

Hotel Owner

The Hotel Leadership Conference 2024 will return to Park Plaza London Riverbank on 15-16 January. Themed Breaking Boundaries, the conference is set to shake things up with two-days of networking, learning and innovation to inspire hoteliers keen to understand the challenges and opportunities for technology and leadership. The conference will offer attendees a timely opportunity to be in a room with over 450 hoteliers, directors and owners.

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Vancouver’s Rosewood Hotel Georgia Undergoing Comprehensive Renovation

Hospitality Net

Vancouver’s legendary city retreat to unveil reimagined accommodations and revived culinary and beverage spaces in 2024.

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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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Rockliffe Hall appoints new culinary director

Hotel Owner

Rockliffe Hall has announced the appointment of two Michelin star chef James Close as its new culinary director. Joining from his role as chef patron of Raby Hunt, Close will open a new restaurant, as well as oversee and develop the culinary direction of the resort. Close was the first chef in the North East to be awarded two Michelin stars, making his restaurant one of just 20 two Michelin-starred restaurants in the UK.

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Southbank Hotel Jacksonville Riverwalk Selects PM Hotel Group as Manager

Lodging Magazine

CHEVY CHASE, Maryland—PM Hotel Group has been selected to assume management of Southbank Hotel Jacksonville Riverwalk, located in Jacksonville’s downtown riverfront district. The hotel is currently under a full renovation and will change flags when the renovation is complete. “We are excited to welcome the Southbank Hotel Jacksonville Riverwalk to our dynamic portfolio, further expanding our presence within the State of Florida,” said Ethan Kramer, chief investment and development officer, PM Ho

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Rosewood Hotel Georgia Begins Full-Property Renovation

Guides: Lodging Magazine

Rosewood Hotel Georgia in Vancouver, British Columbia, Canada has announced that the property closed on January 1, 2024, to undergo a renovation and will re-open in early April 2024. The refurbishment will encompass signature spaces throughout the hotel including the lobby and 1927 Lobby Lounge, its accommodations, and the Reflections Terrace. The new design will connect contemporary elements with classic features with materials ranging from marble and dark wood to velvet textures.

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The hospitality industry’s key historical metrics

Hospitality Net

Performance benchmarking is paramount in the hospitality industry, and whether measuring success against yourself, the competition or a specific segment of the market, the process involves foundational historical metrics.

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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.