Abandoned Hong Kong Hotels Go Into Survival Mode as Virus Fallout Spreads
Abandoned Hong Kong Hotels Go Into Survival Mode as Virus Fallout Spreads

skift Inc. · 26 Feb

As hotel occupancy plunges to a single digit, Hong Kong's leadership toward one of its most important industries is being put to the test during the

Expedia Begins Layoffs Targeting 12 Percent of Its Workforce
Expedia Begins Layoffs Targeting 12 Percent of Its Workforce

skift Inc. · 25 Feb

Diller and Kern are taking an ax, as promised, to Expedia Group's payroll. This could be just the first round, and the thinking might be: Why sell to

MGM Resorts Reports Data Breach Affecting Nearly 11 Million Guests
MGM Resorts Reports Data Breach Affecting Nearly 11 Million Guests

skift Inc. · 25 Feb

U.S. casino operator MGM Resorts International said on Thursday it was the victim of a data breach last year after an earlier report claimed that det

Future Of Payments: Could Expense Reports Be On The Way Out?
Future Of Payments: Could Expense Reports Be On The Way Out?

CWT · 24 Feb

Buying things is pleasurable. Unless it's for work. Hoarding receipts for coffee and lunch; the finance team picking their way through them and makin

How to Control Payroll for Better Profit
How to Control Payroll for Better Profit — By David Eisen

HotStats Limited · 24 Feb

For hoteliers and investors, it's easy to be dazzled by revenue numbers. Unfortunately, when labor costs jump, revenue can quickly disintegrate. This is why getting a grasp on payroll data is at the heart of driving profit.

Hospitality Financial Leadership – What Do You Do When the Reservation Phone Stops Ringing in Your Hotel?
Hospitality Financial Leadership – What Do You Do When the Reservation Phone Stops Ringing in Your Hotel? — By David Lund

The Hotel Financial Coach · 24 Feb

An old GM of mine was fond of this statement. He usually came at it from the other end of this by saying, "Any monkey could fill this place when the phones are ringing." And I think he is right.

HVS Asia Pacific Hospitality Newsletter - Week Ending 21 February 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 21 February 2020

HVS · 24 Feb

Daewoo E&C and Korean Financial Institutions to Jointly Invest USD388 Million in Property Development Project in Hanoi, Vietnam, 'Harry Potter' Theme

Advantages of Joining an International Hotel Chain

hotelbusiness.com · 24 Feb

Advantages of Joining an International Hotel Chain - Hotel Business | Hotel BusinessINTERNATIONAL REPORT--Independent hotel owners are increasingly f

Ovolo Group pens emotional letter to Hong Kong

hotelmanagement.com.au · 24 Feb

As Hong Kong hoteliers grapples with damaging events in the city, a highly-charged letter to the state's legislators has been sent by Ovolo Group.

How One Hotel Ensures Non-Desk Employees Can Engage, Communicate with Management
How One Hotel Ensures Non-Desk Employees Can Engage, Communicate with Management

Hospitality Technology Magazine · 24 Feb

The Palazzo Versace Dubai went from notice boards to a mobile solution and was able to effectively eliminate its No. 1 exit interview complaint: lack

Espinas Hotel Group: Elevating Senses while Redefining the Summit of Iranian Hospitality
Espinas Hotel Group: Elevating Senses while Redefining the Summit of Iranian Hospitality

Hotel Business Review by hotelexecutive.com · 23 Feb

Even amidst sanctions and geopolitical challenges, entrepreneurship and fearless economic savviness play a role. Espinas Hotel Group has been consist

Oyo on the Defense After Reporting $335 Million in Losses and 14 Other Top Hospitality Stories This Week

skift.com - Hotels · 23 Feb

This week in hospitality news, hundreds of millions in losses, disgruntled partners, and unsatisfied guests: Oyo has gone from startup darling to som

Security Validation | SecValMSP attains Authorized Scan Vendor Status
Security Validation | SecValMSP attains Authorized Scan Vendor Status

Security Validation | SecValMSP · 21 Feb

Security Validation | SecValMSP continues to exert their Global Dominance as a PCI Compliance Assessor and Managed Security Provider focused on the H

Meli! Hotels Fined $7.2 Million by European Union for Antitrust Breach

skift.com - Hotels · 21 Feb

The European single market is a sacred thing and anyone caught trying to divide it up like the old days is liable to be on the receiving end of a pun

Four Things to Know About Financing a Hotel Renovation or Conversion

Lodging Magazine · 21 Feb

What do I need to know about financing a hotel renovation? 'What options are available to me to complete my property's required property improvement

EasyHotel adds Madrid hotel
EasyHotel adds Madrid hotel

Hotel Management · 21 Feb

EasyHotel has acquired a freehold site in Madrid, with a forecast cost of acquisition and construction of EUR28m.

Park Hotels Announces The Sales Of The Embassy Suites By Hilton Washington DC Georgetown, Hilton Sao Paulo Morumbi
Park Hotels Announces The Sales Of The Embassy Suites By Hilton Washington DC Georgetown, Hilton Sao Paulo Morumbi

Hotel Interactive · 21 Feb

TYSONS, VA--Park Hotels & Resorts Inc. ("Park") (NYSE:PK) today announced that it has closed on the two separate sales.

OTA & Travel Distribution Update: Google adds travel rivals' direct linkswithin search results due to mounting pressure from the EU; ExpediaChairman Barry Diller hints at layoffs
OTA & Travel Distribution Update: Google adds travel rivals' direct linkswithin search results due to mounting pressure from the EU; ExpediaChairman Barry Diller hints at layoffs

Duff on Hospitality Law · 21 Feb

Both Google and Expedia are featured prominently in this week's Update, particularly Barry Diller and his many colorful statements made during last w

Sounding Off: Startups should think big but think realistically

PhocusWire · 21 Feb

Before heading down the startup path with aspirations of disruption, hold onto the vision, but open your eyes to the reality of what's going on. Befo

Industry immersion trip connects SHA faculty with global hospitality leaders
Industry immersion trip connects SHA faculty with global hospitality leaders

Cornell Blog · 21 Feb

During a trip filled with fascinating presentations and discussions, the faculty got some eye-opening views from the C-suite.

Luxury Beach Resort Boosts Bottom Line by Six Figures by Taking Advantage of Daycation Trend
Luxury Beach Resort Boosts Bottom Line by Six Figures by Taking Advantage of Daycation Trend

Hospitality Technology Magazine · 21 Feb

What started as a way to fill a few pool loungers and cabanas quickly became a profitable new opportunity.

Wexner Sells 55% of Victoria's Secret for $525M
Wexner Sells 55% of Victoria's Secret for $525M

CFO Magazine · 20 Feb

Leslie Wexner's L Brands company is selling its controlling stake in Victoria's Secret to private equity firm Sycamore Partners for...

Park Hotels & Resorts closes 2 hotel sales
Park Hotels & Resorts closes 2 hotel sales

Hotel Management · 20 Feb

The sales included that of the 503-room Hilton Sao Paulo Morumbi, the real estate investment trust's last international property.

The importance of transparency for hotel taxes and fees
The importance of transparency for hotel taxes and fees

Sabre Hospitality Solutions Blog · 20 Feb

Yes, there has been yet another change in the digital marketing world of hoteliers! Google, far and away the dominant force on metasearch, announced

Barr Questions Lawsuit Immunity for Tech Firms
Barr Questions Lawsuit Immunity for Tech Firms

CFO Magazine · 20 Feb

A 1996 law that protects operators of online platforms from liability for user-posted content may no longer be necessary, the attorney general says.

The Collective secures PS140m funding
The Collective secures PS140m funding

Hotel Management · 20 Feb

Co-living brand The Collective has agreed a new PS140m financing package from Deutsche Bank and GCP Asset Backed Income Fund.