Category: Financial

December 21, 2020

I have been thinking about this topic for some time. Especially now in 2020 with the social unrest in this country and elsewhere in our world I think it’s time to speak up. For me, that means offering what I […]

December 14, 2020

There have been and still are many necessary changes to hotel operations to specifically address the need for viral safety in the wake of COVID-19. But a better outlook would be to think long-term and understand that much of the […]

November 30, 2020

It is very common that hoteliers and food & beverage professionals tend to generate revenue eventually. However, there is an underlying procedure to generate profit from the revenue obtained. This fact has a great emphasis on the ability of the […]

November 10, 2020

Fewer people are travelling due to the COVID pandemic, and this means that revenues are falling. With fewer rooms being sold, it has put many jobs in the hospitality industry in jeopardy. It’s hard for hotels to justify having a […]

November 10, 2020

The hotel industry won’t emerge from the financial chasm caused by COVID-19 overnight, but recent data already points to a rebound. Benchmarking could help quicken the pace of recovery. As the hotel industry continues to thrash its way through the […]

November 9, 2020

In the hotel business we don’t want to grow up either. That’s why so many people find our business so exciting and interesting and that’s why they stick around and work crazy days and super long weeks. Why else would […]

November 5, 2020

Identifying Project Stakeholders A project stakeholder is any individual or group that can affect, be affected by or believe to be affected by a project during its life cycle and/or its output and can influence its success. A development project […]

November 3, 2020

Defining Project Opportunities The first step in the property development process is opportunity definition. This is when alternative projects are explored, identified and selected. For any project, a business case must first be developed and presented in a carefully constructed […]

October 30, 2020

Attribute based selling, or ABS in short, has become one of the top buzzwords in hospitality. But what is it exactly, and how can you take advantage of its principles through your upselling programme? Let’s take a look at what […]

October 27, 2020

EHL’s Real Estate, Finance & Economics Institute presents the first edition of the European Hotel Transaction Price Index. This project aims to contribute to increased transparency in the European hotel industry by publishing the index on an annual basis. This […]

October 26, 2020

PITTSBURGH – In today’s economic climate, hoteliers are looking for ways to reduce costs across the board. To know where to cut, they must have the ability to access, view, compare, and dynamically analyze the performance data of their single […]

October 15, 2020

In 2019, the national lodging market reached new heights, with hotels reporting the highest occupancy and ADR levels ever recorded. Similarly, hotel development continued at a steady pace, with new hotels opening to a burgeoning market and new and exciting […]

October 13, 2020

Infor today announced significant updates to Infor EzRMS, a leading revenue management application built specifically for the hospitality industry. Part of the Infor Hospitality suite of cloud-based solutions, Infor EzRMS is designed to help hoteliers better optimize revenue by automatically […]

October 8, 2020

DUBAI, United Arab Emirates — Ratings agency S&P forecasts an 11% contraction for the Dubai economy in 2020, with an already high debt load set to increase as some of the emirate’s vital sectors struggle to rebound from the impact […]

September 1, 2020

When the winds of crisis whip, and a hotel’s cash begins flying away, it’s easy to panic. During a crisis, it might feel like the whole market has been pulled out from under you. However, there is hope even in […]

August 26, 2020

Following a temporary closure in response to the COVID-19 pandemic, Four Seasons Hotel Dubai International Financial Centre will reopen its doors to welcome guests from Tuesday, September 1, 2020. Local and international guests will be able to enjoy brand new […]

August 11, 2020

IAC (NASDAQ: IAC) today announced its accumulation of a 12% interest in global hospitality and entertainment company MGM Resorts International (NYSE: MGM) for an aggregate of approximately $1 billion. “With the separation of Match Group from IAC, and ‘new’ IAC […]

August 10, 2020

Among the many delicious scenes from the movie “Goodfellas” is one where the characters of Ray Liotta and Joe Pesci burn down a restaurant because its credit has run out, putting an end to their graft. “And then finally, when […]

July 28, 2020

The tidal wave of COVID-19 has left many in the hotel industry gasping for air amid choppy financial waters. Luckily, governments across the globe have tossed hotels a much-needed financial floatation device. Unfortunately, keeping government loan assistance straight can be […]

July 27, 2020

STR’s latest monthly P&L data release shows U.S. hotel gross operating profit per available room down 105.4% in June. That year-over-year percentage change showed continued improvement from April (-116.9%) and May (-110.1%). Additionally, some full-service properties broke even with occupancy […]