This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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.
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.
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
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.
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.
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
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.
130
130
Sign up to get articles personalized to your interests!
Hospitality Management Today brings together the best content for hospitality management professionals from the widest variety of industry thought leaders.
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.
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
Crescent Hotels & Resorts appointed Paul Bushman as its new Senior Vice President of Technology and Enterprise Solutions. This strategic hire highlights the.
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.
Embassy Suites by Hilton Asheville Downtown announces David Cron as general manager. The 188-room hotel, owned and managed by Parks Hospitality Group, opene.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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
We organize all of the trending information in your field so you don't have to. Join 11,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content