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While the policies that a hotel enacts must pervade all operations and the corporate company, one particular area that presents challenges is the procurement department, wherein the latest explainer article from Amazon Business addresses three of these as well as three top tactics for more sustainable purchasing.
An AI-powered procure-to-pay platform designed for the hospitality industrydesigned with help from a former hotelierhas just received funding that it says will help it continue to make the process easier for hoteliers. Purchasing is one of the most difficult challenges facing hoteliers.
Procurement hurdles in remote hotel locations require meticulous planning and strategic insight. According to a Global Business Travel Association survey, 54% of hotel executives in remote locations reported difficulty finding sufficiently diverse suppliers to meet their procurement needs.
Fixed or dynamic hotel rates? NB: This is an article from CWT Subscribe to our weekly newsletter and stay up to date With the hotel sourcing season well underway, many corporate travel and procurement teams are likely trying to figure out which hotel pricing model makes the most sense for their programs.
M3, the leading provider of accounting and financial solutions for the hospitality industry, has announced a strategic alliance with Reeco, the leading AI-driven procure-to-pay platform in the hospitality industry.
When it comes to fraud risk, one area of particular concern is procurement. In recent years, hotels have faced myriad challenges, including supply chain disruptions, economic volatility, and labour shortages. It’s estimated that hotels lose between 5% and 6% of their annual revenue due to fraud.
Marriott International, EcoVadis and several leading global hospitality organizations – Accor, Hilton, IHG Hotels & Resorts, Radisson Hotel Group, and two global hospitality group purchasing organizations, Avendra and Entegra – today announced the launch of the Hospitality Alliance for Responsible Procurement (HARP).
If your hotel uses in-house software to manage procurement, leadership may be reluctant to adopt a cloud-based solution—especially if an on-premise system has served you well for many years. This mindset is likely to put your hotel behind competitors in the near future if it hasn’t already.
A high-quality mattress promotes the restful sleep that is one of the fundamental offerings of the hotel industry. But even top-tier mattresses eventually need replacing, and at that point procurement will need to investigate the products in the ever-evolving bedding market.
Seven hospitality industry companies have come together to form the Hospitality Alliance for Responsible Procurement (HARP) , a collaborative effort whose purpose is to improve sustainability throughout the entire hospitality supply chain.
Hospitality ownership, management and development firm Hotel Equities (HE) has made new leadership changes within the organization, including hiring Clint DeLee and promoting Karen Mendez to serve as VP, operations. These announcements represent our focus on getting better every day as we position Hotel Equities for sustainable success.
This summer, as we witnessed the world’s top athletes compete in the 2024 Olympics in Paris, there were some profound parallels between pursuing excellence in sports and leading procurement in hospitality. Both domains demand precision, innovation, and a deep commitment to collaboration.
Still, it’s essential; if housekeeping represents the proverbial ‘heart of house’ then perhaps procurement is its ‘gastrointestinal tract’, the processing center for all raw goods ingesting.
Volatile prices, extended lead teams for goods and services, and keeping up with guest preferences are just a few challenges that continue to impact hotel supply chains years into pandemic recovery.
This alliance aligns with Accor’s pioneering work and commitment to sustainable procurement, critical to achieving our scope 3 carbon emissions reduction targets. Cooperating and innovating jointly with our peers will provide the tangible tools needed to meet our environmental and social objectives.
More than a monumental hotel renovation, the project was also a significant historic conservation project that saw Premier convert the former Crowne Plaza La Concha Hotel and reposition the property as the new upscale boutique La Concha Key West.
EcoVadis and several leading global hospitality organizations – Accor, Hilton, IHG Hotels & Resorts, Marriott International and Radisson Hotel Group, and two global hospitality group purchasing organizations, Avendra and Entegra – today announce the launch of The Hospitality Alliance for Responsible Procurement (HARP).
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.
Marriott International, EcoVadis and several leading global hospitality organizations – Accor, Hilton, IHG Hotels & Resorts, Radisson Hotel Group, and two global hospitality group purchasing organizations, Avendra and Entegra – today announced the launch of the Hospitality Alliance for Responsible Procurement (HARP).
This leap in intelligence is reshaping hotel operations, guest experiences, and revenue optimization in unimaginable ways. This technology bridges the gap between AI-powered automation and human-like problem-solving, enabling hotels to operate more efficiently and intelligently. How Agentic AI is Transforming Hotels 1.
Sonesta, the 8th largest hotel company in the US, today announced a new incentive program that provides a 2% incentive to franchisees who utilize Sonesta’s procurement program for purchasing needs.
Born and raised in Illinois, Wyman is active within his community: He is on his local Catholic […] The post A Power Proposition: Transparent Energy Brings Procurement Expertise to AHLA Members appeared first on LODGING Magazine.
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.
Marcus & Millichap , a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has brokered the sale of a two-property hotel portfolio in Upstate New York. Hotel amenities include indoor pools, business centers, fitness centers and complimentary airport shuttles.
We’re finding that the disruption to the hotel industry supply chain has noticeably improved in 2023 compared to last year,” said […] The post Getting Purchase on the Market: Operations Leaders Discuss Procurement Under Improved But Still Challenging Conditions appeared first on LODGING Magazine.
With increasing pressure to reduce plastic waste and meet sustainability targets, hotels now have a powerful new tool to measure their impact: the Kuishi Impact Calculator. Kuishis new calculator bridges that gap. Ready to Use Free for the Industry The Kuishi Impact Calculator is live now and free to use. No registration is required.
CHEVY CHASE, Maryland—PM Hotel Group announced a partnership with Procure Impact. As part of its commitment to the Dignity of Work Pledge, PM Hotel Group has pledged to create 2,000 hours of work for overlooked populations through purchases of products on the Procure Impact platform. “PM
With flights to key corporate destinations mostly full and hotel rates stubbornly high, corporate travel and procurement leaders are faced with a uniquely challenging environment as negotiations with suppliers for 2024 business travel volume start this quarter.
Hotel, a 110-room hotel in Memphis, TN. The hotel occupies the former Tennessee Trust Building, built in 1905 and listed on the National Register of Historic Places. Located near Beale Street, the Mississippi River and FedExForum, the hotel features a rooftop bar, meeting spaces and a fitness center. The post Hu.
The American Hotel & Lodging Association (AHLA) and Procure Impact , a first-of-its kind B2B marketplace for products that support overlooked communities, have launched their Dignity of Work Pledge. Procure Impact works with more than 100 suppliers in the U.S. Twenty-three hospitality companies have pledged over $7.4
The American Hotel & Lodging Association (AHLA) and Procure Impact , a B2B marketplace for products that support overlooked communities, have launched the Dignity of Work Pledge , an initiative to create 100,000 hours of paid employment for overlooked populations.
I will elaborate based on my understanding of the travel and hotel distribution ecosystem, after 25 years in this industry working in different capacities. Introduction The DMA is a complex law, aiming to solve a complex issue. The difficulty stems from its interpretation and finding the right balance for all the stakeholders involved.
Meyer Jabara Hotels (MJH) is invested in technology – so much so that the company is taking on the role of technology support, help desk, and implementation for its portfolio of 32 hotels plus any other properties needing IT assistance on a project basis.
WASHINGTON—The American Hotel & Lodging Association (AHLA) and Procure Impact announced the launch of the Dignity of Work Pledge, an initiative to create 100,000 hours of paid employment for overlooked populations. Procure Impact’s B2B marketplace allows companies to source responsibly and achieve social impact goals.
LODGING Editor-in-Chief Dennis Nessler and a trio of hotel executives discuss the increasing role of data in the procurement process and its overall impact. The group also addressed ongoing trends and current conditions within the lodging industry procurement landscape, and offered their projections for the future.
UK: London-based hotel owner and operator , Clermont Hotel Group, has promoted Gavin Taylor to the company’s chief executive officer. Taylor first joined Clermont Hotel Group in 2017 as chief financial officer, where he led the group’s finance, procurement and IT functions.
Entegra, a Sodexo company, joined five global hotel companies—Accor, Hilton, IHG Hotels & Resorts, Marriott International, and Radisson Hotel Group—and Avendra to launch the Hospitality Alliance for Responsible Procurement (HARP) to accelerate positive impact across the hospitality industry and to support to clients on key sustainability goals.
announces its collaboration with Procure Impact, a B2B marketplace and procurement partner. Springboard Hospitality, the leading hospitality management company with 48 independent and branded properties in 14 states throughout the U.S.,
Through numerous conversations with hotel tech executives, brand C-suites and owners over the course of 2024, when asked about what to prioritize on the technology front for 2025, the most common answer is simply, Data.
NEWTON, Massachusetts—Sonesta announced a new incentive program that provides a 2 percent incentive to franchisees who use Sonesta’s procurement program for purchasing needs. This initiative offers financial benefits to owners and underscores Sonesta’s commitment to transparency and franchise relationships.
The American Hotel & Lodging Association (AHLA), the largest hotel association in the United States, and Procure Impact, a first-of-its-kind B2B marketplace for products that support overlooked communities, today announced the launch of the Dignity of Work Pledge, an initiative to create 100,000 hours of paid employment for overlooked populations.
There are over 55,900 lodging properties in the United States, according to the American Hotel and Lodging Association. Some of the largest hotel chains own, run, or manage thousands of properties.
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