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
M3 , a provider of accounting and financial solutions for the hospitality industry, has entered into a strategic alliance with Reeco , an AI-driven procure-to-pay platform in the hospitality industry. The companies celebrated the alliance at an event at the Hunter Conference.
FutureLog, the leading provider of innovative cloud-based procure-to-pay solutions for the hospitality industry, made a significant impact as both sponsor and panel moderator at the recent Asian Hotel Industry Conference & Exhibition (AHICE) South East Asia held in Singapore.
With the return of major concerts and other events after the COVID-19 pandemic, travelers are on the road again. In order to make it easier for them to book their stays, a new platform has launched to help the traveler—as well as event staffers. “A software that addresses this pain point didn’t exist, so we created one.”
While cost-cutting through headcount reduction or procurement strategies can yield savings, recent innovations in hotel technology now allow properties to enhance efficiency across all departments, enabling each team member to accomplish more with fewer resources. The key concept here is experiential.
Days are spent creating a plan to address weaknesses, build on strength and endurance, and hedge against unfortunate events. Money is earmarked for activities that hopefully will generate income or sponsorships to procure better equipment. Budgeting is like training for an Olympic marathon.
More than ever in the current trading environment, the subject of process automation has really come to the forefront for both sides of the simple meetings procurement process. The group’s UK portfolio comprises more than 5000 bedrooms and over 120 meeting and event spaces. . ” Clermont Hotel Group recently rebranded from glh.
That said, improvements in three key areas of sales, revenue, and procurement, can often be a driver for positive change and profitability. Procurement – Strategic sourcing for enhanced profitability Savvy financial management is a key driver of sustainable success at any hotel, venue, or hospitality setting.
NB: This is an article from Craftable Subscribe to our weekly newsletter and stay up to date Optimizing back-of-house processes like procurement and using data to manage current inventory and help predict future trends can help operators control purchase orders, reduce financial risks and anticipate and adjust to future needs based on past trends.
HOTEL & SHOP PLUS, a leading trade fair for the hospitality industry, is set to kick off on March 31, 2025, at the Shanghai New International Expo Centre.
Days are spent creating a plan to address weaknesses, build on strength and endurance, and hedge against unfortunate events. Money is earmarked for activities that hopefully will generate income or sponsorships to procure better equipment. Budgeting is like training for an Olympic marathon.
The size of your restaurant may at times determine how close you can work with a source provider with smaller businesses needing the one-stop foodservice distributor and larger restaurant chains able to have procurement teams specialized in each category.
If they are payroll employees, they should get additional auto coverage; the restaurant is protected in the event of a driver’s accident. Independent drivers, though, should be advised to procure their own coverage. Another issue concerns the restaurant’s drivers.
Any disruptions to their business can lead to disruptions to yours, whether it’s a transportation issue or challenges procuring raw materials. Even unavoidable events like natural disasters and pandemics can have significant negative financial impacts in the form of increased costs and decreased production capacity.
By Richard Wagner With conference and events season back in full swing, hoteliers with event space may be wondering how to make the most of this prime asset to fill their venues and rooms with guests. That means properties have a huge opportunity to position themselves as the go-to venue by delivering a flawless event experience.
This edition of MRM News Bites features a double dose from US Foods, SpotOn Transact, DoorDash Kitchens, Virtual Restaurant Consulting, Tripleseat and Gather, wagamama, Toast, The Gluten Intolerance Group, Instawork and StaffMate Online, Procurant and Yellofin, Sift, 7shifts, ParTech, Revel Systems and Como, Kabbage, Bluecrew and Cuboh.
Just Poké, our flagship brand, has attracted a number of groups from potential landlords to event spaces and stadiums that want to partner with our brand for these reasons. With more locations, financial risk is not only mitigated, but procurement of costlier items also goes down.
Charnichart begins the process of smoking Barbs’s succulent briskets, which are procured from acclaimed Kansas beef purveyor Creekstone Farms, by expertly trimming away the excess fat, then showering the slab of meat with a Mexican-influenced spice rub that’s made in-house. If you see it, it’s because someone’s mom made it.
JLL represented the seller, Silverwest Hotels, LLC, and its partners and procured the buyer. It has an outdoor event lawn and 625 square feet of indoor meeting […] The post JLL’s Hotels & Hospitality Group Closes Sale of Element Basalt Aspen appeared first on LODGING Magazine.
The hotel is also removing all single use plastics from meetings and events and guest soaps are also recycled, so there is as little waste as possible. Once carbon credits are procured, ClimeCo will issue a certificate to validate the carbon offsets that have been retired on the client’s behalf.
Hosted at the Renaissance Nashville Hotel, the event draws leaders in the hospitality industry from all over the world. Through our membership events, we aim to open the doors of career advancement by catalyzing connections and increasing access to leaders in hospitality, ensuring our industry is the best it can be.” 15 – 17.
The events, featuring more than 100 suppliers, are scheduled for April 27-29 at the SLPS Event Center in Irving, TX and May 4-6 at the Gas South Convention Center in Duluth, GA. “In The first trade expos in the U.S. by India-based manufacturers of products for the hotel industry will be held in Dallas and Atlanta this year.
If not, you’ll want to procure this before you open your catering business. Doing this puts one person in charge of inquiries as well as the events. You might find that adding catering limits your restaurant’s capabilities, so be sure the tradeoff works for you. Many of your larger catering orders will expect you to deliver the food.
JLL represented the seller, Silverwest Hotels LLC , and its partners, and procured the buyer. The four-story hotel, developed by Silverwest and opened in 2015, features an outdoor event lawn and 625 sq. JLL also secured acquisition financing for the buyer. Element Basalt Aspen offers guestrooms with views of the surrounding mountains.
This year’s two-day event will feature new products, informative design discussions and an array of networking events. Networking and learning opportunities Throughout the two-day event, attendees can attend a lineup of CEU-accredited seminars and conversations featuring industry veterans, rising stars and thought leaders.
Head to any online forum or Facebook group for gardeners, and the challenges they’re facing procuring seeds are immediately apparent. “I Given last year’s unexpected jump in seed sales, many companies planned ahead and made changes, including procuring more seed and updating processes. There might be social change [happening].”.
Seasonal Variations: You often experience fluctuations in demand based on seasons or special events. 👉 Supplier Management: Establishing relationships with reliable suppliers and negotiating favorable terms for procurement. This data can inform strategic decisions and process improvements.
Key takeaways included: • Cost and location are the biggest influences in procurement and booking. It is encouraging to see so many of our valued property partners and industry colleagues coming together to share ideas and insights – we look forward to hosting more of our SilverDoor community at future events.”
From procuring raw materials to delivering food to customers, every little aspect of restaurant operations has taken a hit. Disrupted supply chains made the procurement of raw materials more expensive, increasing the food costs of the restaurants. The pandemic has presented new challenges before the restaurant industry.
John Csukor , senior director/head of culinary, Entegra ; Brian Hanna , procurement manager, sustainability & supplier diversity, Accor ; and Dean Wendel, VP, food & beverage, Concord Hospitality. ” Hanna has also seen a rise in interest of sustainability in the meetings and events space.
We have recently made a change to our procurement strategy around utilities by moving to a new broker and putting a focus on limiting how much fixed price contracting we put in place, and instead managing a more flexible hedging process. Many of these are due to end this time next year.
Apart from the kitchen equipment, procure raw material for at least the first week. Also, it is advisable to source less raw material for the first few weeks to keep it fresh and procure more stock later on after studying the sales pattern. Licenses & Permits . Dubai sets strict standards when it comes to running a food truck.
It offers a welcoming environment, particularly for young professionals entering fields such as design, architecture, culinary arts, procurement and other areas of opportunity. We offer a variety of programs, events and initiatives designed to benefit our members and help them thrive.
A hospitality degree often includes modules on procurement strategies, inventory management systems and supply chain logistics, which are reinforced by practical training and internships.
Events management and catering group Sodexo Live takes that responsibility seriously. For the purchasing team, and procurement, it’s been a fantastic journey to really start from the beginning of the chain and work alongside producers. Eggs will be one of the massive products that will be consumed during the games.
“And that really focuses the procurement on what really drives value, all of the non-value-added products and services, you either eliminate, automate or outsource. “We had to rethink everything from the ground up in terms of what people care about, what they expect and what they no longer want,” said the Accor executive.
Considering the recent chain of events, restaurant operators have pivoted their businesses to online delivery models and cloud kitchens to cater to more customers, leveraging online traffic to increase orders. Restaurant Inventory Metrics You Should Know While Running A Cloud Kitchen Business.
What I’m most proud of is the expansion of the hotel, and that was done through research, planning, budgeting, procurement, and communication. It requires IT procurement, continuous meetings with vendors to ensure that the implementation of the technology infrastructure and cabling is completed so you’re future-prepared.
“And that really focuses the procurement on what really drives value, all of the non-value-added products and services, you either eliminate, automate or outsource. “We had to rethink everything from the ground up in terms of what people care about, what they expect and what they no longer want,” said the Accor executive.
In addition of being part of the Sustainable Hospitality Alliance (SHA) and having launched the Hospitality Alliance for Responsible Procurement, Sébastien Bazin, Accor’s chairman/CEO, revealed at Change Now Summit 2024 (the largest event of solutions for the planet) that the company has signed the CEO Water Mandate, an initiative created by the United (..)
Many started after the pandemic forced people outside and encouraged them to find ways to be more resilient, especially in how they procure food. Many have created community workshops, events, and other programming to educate the community about seed saving, seed sovereignty, gardening, and urban agriculture. Beyond Seed Distribution.
Before starting the first outlet they did a lot of events, but received negative responses about starting the shake business as shakes are apparently a part of almost every restaurant menu. . Looking at the response from industry insiders, they thought of putting the outlet on hold and instead took part in events.
As such, the vast majority of the Pakistani American diaspora are unable to procure their homeland’s national fruit easily. But, as I learned after I tasted the mangoes I’d procured through WhatsApp, I was wrong. shores were irradiated in Iowa before finally being consumed at a diplomatic event in Chicago.
The trees, which have already been procured, will be planted this summer. Populus will feature a ground-floor restaurant, flexible event spaces, a coffee shop and a signature rooftop bar and restaurant offering views of the mountains, city skyline and Civic Center Park.
One is Walker Wine Company , whose founder, Walker Strangis, has worked across a range of procurement methods — from estate sales to auctions to private collections — to develop an enviable list of vintage wines that are sold directly to consumers. We find a lot of value in those wines.”. Consider a wine storage company.
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