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.

Pricing 196
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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.

Events 130
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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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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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Château Saint-Martin & Spa reimagines its private villas

eHotelier

In 1960, Château Saint-Martin & Spa, Oetker Collection Masterpiece Hotel, built six villas facing the property, adding a new dimension to its guest accommodations. Offering intimacy and conviviality, the villa experience is enhanced by the Château’s exclusive services.

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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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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.

Magazine 130
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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

Pricing 130
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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.

Training 130
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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.

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Hotelogix implements e-Invoicing for Tanzania hotels

Hospitality Net

Singapore, 23/July/2024: Hotelogix, a globally leading cloud-based hospitality technology provider, has implemented e-Invoicing for Tanzania hotels through a Virtual Fiscal Device (VFD) vendor. With this, hospitality entities in Tanzania using Hotelogix Hotel Property Management System (Hotel PMS) can issue digital tax documents to comply with Tanzania Revenue Authority (TRA) guidelines.

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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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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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Destination AI comes to DC in September

Hotel Business

Destination AI 2024 , a one-day event focused exclusively on artificial intelligence (AI) and how hoteliers can leverage the technology, will take place on Sept. 26, at the Partnership for Public Service Conference Center in Washington, DC. The curated event will feature keynotes, one-on-one conversations, panel sessions, case studies and networking opportunities for those interested in learning more about AI as it relates to the industry.

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!