9 Benefits of Revenue Management Software for Your Hotel
Hotelogix
JANUARY 3, 2023
Horizon Hospitality
JANUARY 3, 2023
Yes, the fried-chicken sandwich war still rages on in 2023. However, the biggest restaurant trends this year are not centered around any individual ingredients or online feuds. Consumers will crave something they have not been able to get in recent years – a dining experience they can connect with and that feels crafted around their values. Consumers are focused on finding connections in their experiences, seeing their loyalty rewarded, and consciously seeking out sustainable businesses.
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Boutique Hotel News
JANUARY 4, 2023
India: The proposed initial public offering [IPO] for Indian hospitality chain OYO is set to be delayed once again after the national capital markets regulator asked its parent company to refile its draft IPO papers with certain updates. According to unidentified sources close to the matter, Sebi [The Securities and Exchange Board of India] asked the parent company, known formally as Oravel Stays Ltd, to update risk factors, key performance indicators, outstanding litigations and its valuation b
InnQuest
JANUARY 5, 2023
The hospitality industry has witnessed customer patterns evolve drastically post the COVID-19 pandemic. Some examples include the rise of remote work, the popularity of staycations and bliesure travel, and increased awareness and demand for holistic health and well-being experiences. As a result, hoteliers have been ushered into an entirely new era wherein customer choices and spending habits have changed dramatically in such a short span of time.
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.
Modern Restaurant Management
JANUARY 4, 2023
Inflation is dominating the conversation in every industry today and according to the Bureau of Labor Statistics prices rose 7.7 percent for the year ending in October. Despite inflation taking its toll, many people are continuing to prioritize and enjoy the convenience of takeaway and food delivery with recent Deliverect data revealing that more people are purchasing delivery orders today than they were before the recent increase in the cost of living.
Hospitality Management Today brings together the best content for hospitality management professionals from the widest variety of industry thought leaders.
InnQuest
JANUARY 5, 2023
2022 has left businesses in the tourism and hospitality industry with many important learnings, the most important one being – consumer preferences will be ever-evolving and the key to staying successful at all times is to prioritize guest experience. In this blog, we share 3 powerful tips to help you stay competitive and elevate guest experience in 2023 – Adopt Contactless Technology – One of the latest hotel technology trends in the post-pandemic era includes the rise of cont
Modern Restaurant Management
JANUARY 5, 2023
Twenty years ago, spending marketing dollars on digital ads was a new concept. Facebook? Didn't exist. Instagram? Also non-existent. Google was still young, but they had a new advertising platform that used an old-fashioned but attractive buying strategy: The auction. The Growth of Digital. Unlike traditional advertisements like print mail or radio, the auction allowed you to bid what you wanted for an ad, not some flat rate outside of your control.
Hotel Owner
JANUARY 5, 2023
Vine Hotels has announced four senior appointments across the 13 properties it owns or manages in the UK. Ruslana Yarmolyuk will take over as general manager for Mercure Kenwood Hall Hotel and Spa, bringing over a decade in hotel management. Yarmolyuk has had successful terms as a general manager for many properties within the Mercure hotels portfolio.
Boutique Hotel News
JANUARY 6, 2023
Worldwide: Preferred Hotel Group, the parent company of Preferred Hotels & Resorts , Beyond Green , PTG Consulting and others, has rebranded to Preferred Travel Group. The new corporate identity of Preferred Travel Group reflects the company’s growing suite of services beyond the hotel sector. . Whilst the company counts four hotel brands (Preferred Hotels & Resorts, Beyond Green, Historic Hotels of America and Historic Hotels Worldwide), the group also manages two consultancy divisions
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.
Soft Inn
JANUARY 5, 2023
Whether your hotel is located in the heart of the city area, near the beach or even situated on a hill surrounded by lush forests, having a good pricing strategy would definitely affect your hotel’s revenue. It is very important to sell the room at the right price at the right time. For this, we have compiled a list of Common Rate Plans in hotels that can be used by you in order to have attractive rates to offer to your potential customers.
Modern Restaurant Management
JANUARY 6, 2023
COVID-19 changed the restaurant industry forever. It took existing trends, like the move to digital and delivery, and accelerated them by years. One of these supercharged changes was the rise of ghost kitchens. For restaurateurs, you can see why the model would be attractive. Operating costs are significantly lower since you don’t need to worry about renting out a large space.
MEWS
JANUARY 3, 2023
Understanding the best hotel distribution channels for your hotel is one of the keys to the profitability. The right mix of direct channels like your hotel’s website or call center, and indirect channels like online travel agencies (OTAs) and Global Distribution Systems (GDSs) as well as travel wholesalers and tour operators will make a huge difference on your hotel’s bottom line.
Boutique Hotel News
JANUARY 6, 2023
UK: Students from Cheshire College South and West will be running the Devonshire Fell Hotel for two days in February. Students that are studying Level 2 Professional Cookery, Level 3 Professional Cookery, Level 3 Food and Beverage Service, Hospitality Supervision, will be responsible for managing the Devonshire Fell Hotel on Monday 6th and Tuesday 7th February.
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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.
EATER
JANUARY 5, 2023
Katy Perry watch out!! | Getty Images/Braggs Live Foods/Author. Fans of Bragg ACV insist the pop star is responsible for a drop in quality. To which a curious world cries out. huh??? Katy Perry is, apparently, out to ruin our gut health. “A couple months ago my friend told me that Bragg changed their potency,” says TikTok user @tennesseejill. On December 18, she filmed a shelf of bottles of Bragg apple cider vinegar at a grocery store, which seemingly shows two different batches of what fans cal
Modern Restaurant Management
JANUARY 6, 2023
In this column, Modern Restaurant Management (MRM) magazine looks at newly introduced menu items from top brands. Green January. Sweetgreen launched Green January, an opportunity for customers to jumpstart a healthy routine in the new year through real, fresh food. Offered exclusively through the sweetgreen app and website through January 18, Green January empowers users to implement more feel-good routines in the new year, by inviting them to try sweetgreen’s menu items to unlock special
Lodging Magazine
JANUARY 3, 2023
Marriott International announced it has trained one million associates to spot the signs of and respond to human trafficking. Marriott International first introduced human trafficking awareness training in 2016 and rolled out enhanced training in 2021. Designed in collaboration with Polaris, a nonprofit that specializes in combating human trafficking and helping survivors of trafficking, the training has scenario-based examples to help hotel associates recognize the signs of trafficking in a rea
Boutique Hotel News
JANUARY 5, 2023
Portugal: Davidson Kempner Capital Management LP, Highgate and Kronos (the consortium) have acquired the Portuguese investment manager ECS Capital in an undisclosed deal. ECS Capital is a private equity and restructuring firm focused on the Portuguese market. Its real estate portfolio includes 18 hotels and three golf courses in addition to residential properties. .
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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.
Fast Casual
JANUARY 2, 2023
The lack of focus on kids is a big miss given that parties with children 12 and under bring in checks that are twice as high as parties without them.
Lodging Magazine
JANUARY 5, 2023
Luxury spa industry veteran Blake Feeney has been appointed spa development vice president at Arch Amenities Group, a full-service provider of wellness, amenity, and meeting services for commercial and residential properties, hotels, and private clubs. In this position, Feeney, who spent 13 years at Canyon Ranch Spa at The Venetian Resort in Las Vegas, will oversee spa management accounts and collaborate with the senior leadership team on long-term strategic planning to enhance financial returns
Boutique Hotel News
JANUARY 4, 2023
India: The proposed initial public offering [IPO] for Indian hospitality chain OYO is set to be delayed once again after the national capital markets regulator asked its parent company to refile its draft IPO papers with certain updates. According to unidentified sources close to the matter, Sebi [The Securities and Exchange Board of India] asked the parent company, known formally as Oravel Stays Ltd, to update risk factors, key performance indicators, outstanding litigations and its valuation b
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.
Boutique Hotelier
JANUARY 4, 2023
Kimpton Fitzroy London has announced the appointment of Russell Ford as its new executive chef. Ford boasts more than 30 years’ experience as a chef and managing kitchens, including a 12-year stint as executive chef with The Doyle Collection until February 2021, working at Thr Marylebone Hotel and The Kensington Hotel. Prior to this, he has been head chef at The Grove for four years until 2008.
EATER
JANUARY 5, 2023
Daniel Krieger/Eater NY. [link].
Lodging Magazine
JANUARY 4, 2023
First Hospitality, a national hotel operations and development company, is focused on expanding its third-party management business, and to help drive those efforts forward, the company recently promoted Dan Smith, a 30-year veteran of the hospitality industry, to executive vice president of owner success. After leading several hotels as general manager, Smith has been working with First Hospitality since 2005, starting with the role of vice president of management services before rising to beco
Boutique Hotel News
JANUARY 3, 2023
UK: Clermont Hotel Group (CHG) has partnered with MeetingPackage to allow customers instantly book meeting rooms. The online platform by MeetingPackage provides customers with price information and the live availability of meeting room spaces across Clermont Hotel Group’s London portfolio. Suitable for up to 25 delegates in capacity, customers can select a maximum of 35 meeting rooms and browse additional F&B options.
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.
Hotel Business
JANUARY 3, 2023
Everwood Hospitality Partners (EHP) has acquired the 184-room LaQuinta I Drive/Convention Center hotel in Orlando from Cavalier Florida LP. Cronheim Hotel Capital (CHC) , a real estate capital advisory firm specializing in capital solutions for hotel owners, operators and investors, helped secure the loan that will be used for the acquisition and subsequent multimillion-dollar hotel renovation.
EATER
JANUARY 3, 2023
Arnold’s Country Kitchen in 2016. | Bill Addison/Eater. Fans feared the restaurant was gentrified out, while the owners say they’re leaving on their own terms. The truth may be somewhere in the middle. On Friday, Arnold’s Country Kitchen, a Nashville institution known for its meat-and-three plates , announced it would be closing by the end of the week.
Lodging Magazine
JANUARY 5, 2023
Though not its primary focus, there are a handful of ways that the housekeeping department can support the dining and wellness needs of hotel guests, especially for limited-service and select-service properties. Food & Beverage If your property does not offer F&B options, especially in the evening, expect that guests will seek out food delivery or nearby restaurants.
Boutique Hotel News
JANUARY 3, 2023
Italy: Auberge Resorts Collection has entered a long-term deal with A.S. Roma football club to become the club’s official hotel partner. The luxury hotel group Auberge Resorts Collection offers 25 hotels and resorts around the world, with a further 10 sites currently in development. . As part of the deal with Roma, the brand’s logo will appear on the back of all match shirts. .
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Dive into the transformative potential of business automation within the hospitality sector. This comprehensive overview showcases how innovative technologies can streamline operations, reduce costs, and elevate guest satisfaction. Discover the advantages of integrating systems like automated check-ins, CRM, and energy management to not only save on expenses but also to provide a seamless and personalized guest experience.
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