Finance and Development, Financial
December 21, 2020
Via: Hospitality NetI 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 […]
Finance and Development, Financial
December 14, 2020
Via: Hospitality NetThere 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 […]
Finance and Development, Financial, Restaurants
November 30, 2020
Via: Hospitality NetIt 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 […]
Finance and Development, Financial
November 10, 2020
Via: Hospitality NetFewer 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 […]
Finance and Development, Financial
November 10, 2020
Via: Hospitality NetThe 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 […]
Finance and Development, Financial, Hotels
November 9, 2020
Via: Hospitality NetIn 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 […]
Finance and Development, Financial
November 5, 2020
Via: Hospitality NetIdentifying 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 […]
Finance and Development, Financial
November 3, 2020
Via: Hospitality NetDefining 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 […]
Finance and Development, Financial
October 30, 2020
Via: Hospitality NetAttribute 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 […]
Finance and Development, Financial
October 27, 2020
Via: Hospitality NetEHL’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 […]
Finance and Development, Financial, Technology
October 26, 2020
Via: Hospitality NetPITTSBURGH – 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 […]
Finance and Development, Financial, Real Estate
October 15, 2020
Via: Hospitality NetIn 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 […]
Finance and Development, Financial, Technology
October 13, 2020
Via: Hospitality NetInfor 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 […]
Finance and Development, Financial
October 8, 2020
Via: CNBCDUBAI, 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 […]
Finance and Development, Financial
September 1, 2020
Via: Hospitality NetWhen 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 […]
Finance and Development, Financial
August 26, 2020
Via: Hospitality NetFollowing 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 […]
Finance and Development, Financial
August 11, 2020
Via: Hospitality NetIAC (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 […]
Finance and Development, Financial, Hotels
August 10, 2020
Via: Hospitality NetAmong 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 […]
Finance and Development, Financial, Hotels
July 28, 2020
Via: Hospitality NetThe 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 […]
Finance and Development, Financial, Hotels
July 27, 2020
Via: Hospitality NetSTR’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 […]