Despite projections of persistent inflation and a moderate economic recession, CBRE’s November 2022 Hotel Horizons® forecast calls for a 5.8 percent increase in rooms revenue per available room (RevPAR) in 2023.
Written by Shivam Sharma As an institutional investor, consia hotel, club, restaurant, anything. Being an investor requires knowing how to allocate the appropriate funds to the right asset at the right time.
For HFTP, the year 2022 saw the return of some of its most popular initiatives and the launch of a successful new program. It marked the bittersweet departure of some beloved HFTP leaders, and the arrival of enthusiastic individuals ready to take up their mantles.
According to CBRE’s September 2022 Hotel Horizons® forecast for the overall U.S. lodging industry, rooms revenue per-available-room (RevPAR) will exceed 2019 annual levels in 2022. This is driven by the accelerated recovery of average daily rate (ADR) which first occurred during the third quarter of 2021.
“There has to be a better way!” We hear it all the time – even in the accounting department. The truth is that we are always hardwired to want more and better. Unfortunately, we are always looking for that miraculous, game-changing “easy button,” not realizing that often we are not getting the most out of what we have right in front of us.
JMBM · 24 Mar
The Meet the Money program is now available on MeetTheMoney.com – take a look and see who’s speaking and what topics they’ll be exploring.
HFTP · 22 Mar
Next week, Hospitality Financial and Technology Professionals (HFTP®) is holding its annual Club Summit with one of its largest registration rosters
One of the most valuable assets of a hotel brand is information – detailed personal information about guests at their hotels, participants in their l
Placemakr · 21 Mar
Placemakr, a flexible-use multifamily and hospitality operator, today announced $65M in new funding, surpassing $350M in total capital raised. This a
On March 13, U.S. President Joe Biden reassured the depositors and employees of two large banks, Silicon Valley Bank (SVB) and Signature Bank, that t
Modern Restaurant Management · 20 Mar
Restaurant financial statements are an untapped source of potential growth. After all, they are made up of data, and you can use data to drive improv
HotelNewsNow · 19 Mar
The fall of Silicon Valley Bank and Signature Bank, the largest U.S. banking collapse since the Great Recession, will ultimately lead to a shift in f
JMBM · 15 Mar
The Global Hospitality Group of Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce the completion of $172 million in C-PACE (Commerci
The Overview - By HOSPA · 15 Mar
Failure to Freeze the Multiplier for next year will mean businesses likely to see 5% increase in Business Rates Bills in April 2024. John Webber, Hea
HVS · 15 Mar
Carter Group to Invest in Pro-invest APAC Value-add Hotels Fund, Keppel Land Sells Sedona Hotel Yangon for USD57.4 Million, Loadstar Capital Acquired
In the UK, the hotel industry revenues have plummeted by 73% and the businesses are still trying to recover from the pandemic.
Sertifi Blog · 15 Mar
Capturing credit card authorizations online isn’t just convenient for you and your guests. It can also be the safest way to capture card information
Despite the many challenges thrown in the face of the hospitality industry, dozens of growth statistics indicate that the industry is projected to be
Modern Restaurant Management · 14 Mar
In this time of economic insecurity, payments fraud has the potential to hit businesses harder than ever before. Currently, the average US business i
Aptech · 14 Mar
Aptech was a finalist in the Hotel Tech Report “Best Finance & Accounting Software” 2023 popularity index. Although the provider of hospitality finan
Hospitality Financial Leadership - Blog · 12 Mar
The Hotel Accounting Policy Manual - Golden Rule
The eCornell Hospitality Marketing Blog · 9 Mar
Nearly everyone agrees that the crypto asset market needs more robust regulation, but there is much disagreement about what the laws should look like
myDigitalOffice · 8 Mar
It’s a common thread throughout the hotel industry: Operators are looking to remove much of the back-office work from staff at the property level and
Following the introduction of Revenue Management (RM) in the airline industry in order to maximise the yield per available seat, made possible by the
A recent Gartner report claims that by 2025, quite 50% of organizations around the world will have a cloud-based procure-to-pay suite. Tools like Bir
Fairmas GmbH · 6 Mar
Fairmas GmbH has successfully completed the global rollout of its latest-generation web-based software for IHG Hotels and Resorts (IHG). Fairmas has
HotelNewsNow · 3 Mar
A majority of Lodging Industry Investment Council members said they expect full-year lodging real estate transactions in 2023 to exceed the volume in
Apaleo · 2 Mar
Apaleo, The open hospitality platform, announces a growth equity round bringing its Series A funding to €9 million. Apaleo selected new growth invest
Tomu, Inc. · 2 Mar
Tomu, Inc., a sustainability-focused hospitality development company, announced today that it had already reached an early milestone of $50,000 in in
PPHE Hotel Group · 2 Mar
PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, is pleased to announce that i
E-procurement is more than just a fancy word for digital purchasing. Though the process involves ordering and purchasing goods and services, the solu
Tomu, Inc. · 1 Mar
Tomu, Inc., a sustainability-focused hospitality development company, announced today the launch of its Reg CF fundraising round to raise capital for