Mon.Jul 22, 2024

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Comprehensive financial strategies for modern hoteliers

eHotelier

Hotel financial planning is inherently a fast-paced, complex process. From seasonality to evolving consumer preferences, many extraneous factors affect hotel revenue. To stay competitive, you have to keep up with these factors by employing financial tools and strategies.

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How to Take the Heat Off Restaurant Costs

Modern Restaurant Management

Imagine your wait staff getting your restaurant ready for the day when the heat index outside exceeds 100 degrees. The temperature is so oppressive that employees immediately crank up all the air conditioning units. An hour later, when sweltering guests crowd in, your team is too distracted to turn some units down. High electric bills and wasted energy are the last things on their minds.

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Travellers lack trust in hotel recycling, survey finds

eHotelier

A recent survey conducted by Clean the World, a global leader in sustainable environmental and social impact solutions for the hospitality industry, highlights a major discrepancy between guest expectations and guest assumptions of hotel practices.

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The South Korean Coffee Culture Wave Hits LA

EATER

Los Angeles’s Seoul-style cafe operators embrace the essence of South Korean coffee culture, where, often, nothing is off limits — or left off social media

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

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.

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Coast Victoria Hotel & Marina by APA elevates guest experience with newly reimagined rooms and suites

eHotelier

Coast Hotels Limited, a fully owned subsidiary of APA Hotel Canada, Inc. and one of North America’s fastest-growing and one of Canada’s largest hotel brands, celebrated the completion of an extensive, multimillion-dollar guest room renovation at the Coast Victoria Hotel & Marina by APA, British Columbia during a launch event today.

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Andrew McConnell’s Trader House opens Supernormal Brisbane today

Hospitality Magazine

Trader House’s long-awaited Supernormal officially opens its doors today on Brisbane’s Queen Street riverfront. The launch marks the second location of the Asian-influenced restaurant, which has brought many of its signature dishes to the Sunshine State as well as some bespoke additions. “It feels like the right evolution for Supernormal,” says Chef and Co-Founder Andrew McConnell. “Whilst the design sets the two restaurants apart, there is a DNA that runs through t

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The Gidley has a new head chef & a new menu

Hospitality Magazine

Liquid & Larder’s The Gidley in Sydney’s CBD is ushering in a new era under Head Chef Corey Riches. The Gidley has been around for five years now, with the underground kickstarting a new chapter that revolves around theatrical elements, quality cocktails, and premium produce. “We felt it was time to shake things up and offer a new menu that people wouldn’t necessarily expect from us,” says James Bradey, owner of Liquid & Larder. “As all good restaurants shou

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Paul Bushman appointed SVP Technology and Enterprise Solutions at Crescent Hotels & Resorts

eHotelier

Crescent Hotels & Resorts appointed Paul Bushman as its new Senior Vice President of Technology and Enterprise Solutions. This strategic hire highlights the.

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The StandardX Melbourne announces Thai restaurant

Hospitality Magazine

Melbourne’s Fitzroy has been chosen as the home of Standard International’s first Australian location of The StandardX hotel concept, which launches to the public on 8 August. The Melbourne suburb was selected for its rich cultural landscape, with the hotel’s design reflecting the uniqueness of the local surroundings as well as its Hollywood sibling, resulting in a vibrant, engaging space.

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David Cron appointed General Manager at Embassy Suites by Hilton Asheville Downtown

eHotelier

Embassy Suites by Hilton Asheville Downtown announces David Cron as general manager. The 188-room hotel, owned and managed by Parks Hospitality Group, opene.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

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.

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Sustainability and eco-friendly venue tips

Hospitality Magazine

Rivareno debuts new packaging Sydney-based gelateria Rivareno is known for its high-quality products, and now the brand has rolled out a bespoke packaging solution for customers purchasing take-home gelato. Dessert businesses largely use styrofoam tubs due to the packaging’s lightweight composition and insulation qualities, but there’s often a greener way to do things.

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Marriott International strengthens leadership position in branded residences, announces owner recognition platform

eHotelier

Today, Marriott International, Inc. announces the continued growth and global leadership of Marriott Branded Residences, along with enhanced Residence Owners benefits through ONVIA, the company’s newly integrated Owner recognition platform.

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Hamish Ingham joins Solotel as group executive chef

Hospitality Magazine

Solotel has recruited acclaimed culinary talent Hamish Ingham as its new group executive chef. Ingham has had a lengthy career in the hospitality sector, running Bar H in Surry Hills with Rebecca Lines for eight years before launching The Woods Restaurant and Grain Bar at the Four Seasons, Banksii in Barangaroo, Tequila Daisy, and Redbird Chinese in Redfern.

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Forbes Travel Guide Ratings Opinion on the New Relevance of Luxury

Larry Mogelonsky

Bloomberg Businessweek recently reported (January 24, 2024) that $1,000 per night was pretty much the de rigueur price point for any hotel room befitting real luxury. Of course, inflation is a contributing factor to this with costs being paid forward to the consumer, but there are many others of significance. Without going into an entire dissertation on secular trends, there are a plethora of guests from all walks of life and nationalities who are ‘price insensitive but highly experience sensiti

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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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A Dinner Party-Ready Cake Recipe Doable in 20 Minutes 

EATER

Dina Ávila You don’t need to turn on the oven for this coconut lime cake When invited to a dinner party, I always blurt out “I’ll bring dessert.” I love to bake, but I often regret offering: I don’t always have time to bake a cake when I say I do. Add to the mix that it’s hotter than hell’s hammer lately and the idea of turning on the oven has sent me directly to my fainting couch.

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STR Weekly Insights: 7-13 July 2024

Hospitality Net

Hotel performance declined more than expected with the greatest decrease taking place at the beginning of the week (Sunday-Tuesday) and the greatest impact occurring in the Top 25 Markets. A similar pattern was seen in 2019, which followed the same day-of-week calendar, although the decline this year was much more severe. In both 2019 and this year, the impact of July 4th occurring on Thursday reverberated into the following week, particularly the first couple days.

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The Flavored Spirits You Actually Need

EATER

Here are the best flavored spirits, including spicy vodka, coconut gin and pineapple rum, and how to use them in easy cocktail recipes.

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4 tips to grow direct revenue with a data-driven culture

Hospitality Net

We’ve witnessed success from hoteliers and hospitality professionals alike who prioritize a data-driven culture. Our Hotel Moment podcast dives into those success stories, and it’s from those conversations that we bring you four tips from industry leaders who have grown their business by prioritizing the data they collect.

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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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Accommodating Feather-Free Requests and Allergy Concerns

Lodging Magazine

While research sponsored by the National Institutes of Health has determined that feather allergy is very rare, many individuals suffer from adverse health effects from products that incorporate feather materials. According to the Mayo Clinic, feather duvet lung or hypersensitivity pneumonitis is a lung problem caused by sensitivity to antigen from feathers in duvets and pillows filled with duck or goose feathers.

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How Naf Naf CEO streamlined restaurant operations

Fast Casual

Greg Willman, chairman & CEO of Naf Naf Grill, reveals four strategies for running more efficient restaurants.

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Building trust through technology

Hotel Business

Guest experience is the cornerstone of hotel success, and, with the ubiquity of online reviews, a single negative encounter can ripple through the digital landscape, potentially costing a hotel significant bookings. According to Zuberance , a single unfavorable review can result in a staggering loss of 30 bookings, translating to a financial impact of $22,800.

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Lower volume, more satisfaction: Insights on Guest Experience 2nd Quarter 2024

Hospitality Net

The Shiji Guest Experience Benchmark Report for Q2 2024 offers a comprehensive look into guest satisfaction trends and review dynamics. This report is crucial for hotel operators and technology vendors aiming to enhance their service quality and customer engagement.

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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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Mandarin Oriental to open new resort and residences in Bali

Hotel Management Network

Mandarin Oriental Hotel Group has announced plans to open a new luxury resort and branded residences on Bali's Bukit peninsula, Indonesia. The post Mandarin Oriental to open new resort and residences in Bali appeared first on Hotel Management Network.

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Springhill Suites Jackson Hole Unveils Property-Wide Transformation

Hospitality Net

Featuring an impressive collection of original artwork, the 121-room property completes eight-month refresh of all guest rooms, lobby, common areas and meeting spaces.

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The Publisher hotel opens in Virginia

Hotel Business

Hospitality management company Greenwood Hospitality , an affiliate of Hotel Equities , has opened The Publisher, a Tribute Portfolio Hotel, located in Fredericksburg, VA. Built and owned by Fredericksburg-based Vakos Companies , The Publisher Hotel is located near the home of George Washington’s mother, Mary Washington, and the Lewis/Washington family farm.

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Blended Travel as a Huge Growth Opportunity with Words of Wisdom from Marriott

Hospitality Net

Call it bleisure or hybrid travel; then look at emerging segments like the work-from-anywhere digital nomads or workcations. Overall, the hotel industry for the rest of the 2020s will see a demise of the days of wholly separated meeting and events (M&E) and leisure travel segments, giving away to a mixture of the two as travel becomes more experiential and purposeful.

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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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CoStar: Asia Pacific and the Americas Show Increase in Hotel Pipeline Activity

Lodging Magazine

WASHINGTON—Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar. June 2024 (Percent change in comparison with June 2023): Europe Among countries in the region, Germany (27,302) led in construction activity, closely followed by the United Kingdom (25,312).

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Costa Sur Resort, Classico Collection by Sonesta Opens in Puerto Vallarta

Hospitality Net

Sonesta International Hotels Corporation (Sonesta) today announced the opening of Costa Sur Resort, Classico Collection by Sonesta. The 206-room, upper-upscale property is located on a private beach overlooking the Pacific Ocean at Banderas Bay, south of Puerto Vallarta, Jalisco, Mexico. The resort sits atop a protected lagoon and is minutes away from local attractions, including The Malecón boardwalk, The Church of Our Lady of Guadalupe, Zona Romántica (Old Vallarta), and Rio Cuale Island.

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This South Korean Island Produces One of the World’s Rarest Pigs

EATER

Genetically modified pigs from Jeju Dream Pork offer meat with distinct flavor Jeju Dream Pork in Hallim-Eup on South Korea’s Jeju Island processes and distributes four million pounds of premium Jeju black pork per year. The island is world famous for its black pork, known for its exceptional fat marbling. The pork comes from the Nanchukmatdon pig, a species of genetically modified pig created from indigenous Jeju pigs.

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Minor Hotels to Debut the Tivoli and NH Hotel Brands in Northwest China

Hospitality Net

In a significant development for the hospitality sector in Northwest China, Minor Hotels (China) is announcing the official signing of a Tivoli and NH dual-branded property in Yining, Xinjiang. This marks the debut of the luxury Tivoli Hotels & Resorts and upscale NH Hotels & Resorts brands in Northwest China. Upon opening in 2026, the project is expected to welcome guests from around the globe.

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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