I was recently having lunch with a club CFO. She explained to me that it was difficult to do year-over-year comparisons because each of their two golf courses had been closed for renovation. One was closed last year, and the other was closed the prior year.
A study of the pre-opening budget; the timeline for these expenditures; timeline for onboarding of staff; and the selection, installation and training of the technology component. By Agnes DeFranco, Ed.
The HFTP 2018-2019 Global Board of Directors was installed during the association's 2018 Annual Convention and introduces new directors Toni Bau, Carson Booth, CHTP and Mark Fancourt. These extensive director profiles give insight into the distinguished professions and personal goals of HFTP's newest association leaders.
Although I have been preoccupied with getting in the education sessions purely related to hospitality finance, technologies and hotel pre-opening, I made sure to participate in Fun with Fraud and Enchanting Employee Embezzlement in Clubs and Hotels presented by Jerry Trieber, CPA, CHAE, CFE, CFF, CGMA, HFTP Global past president and director of audit services/support at HEI Hotels and Resorts.
skift.com - Hotels · 22 Aug
Unlike a lot of hotel companies, Whitbread has held onto its property portfolio. With Brexit making UK companies cheaper to buy, there'll be a few co
travelpulse.com · 21 Aug
A massive data breach of information from guests who stayed at Choice Hotels and its subsidiaries could have impacted as many as 700,000 travelers. A
InsuraGuest · 21 Aug
InsuraGuest, Inc., a SaaS (Software as a Service) company that has developed a proprietary InsurTech platform to deliver insurance product to end use
hotelmarketing.com · 21 Aug
Smaller hotels don't have the dollars to spend on marketing and PR, but if they perform, their guests will say so, and others will read about it onli
ProfitSword · 20 Aug
ProfitSword, hospitality's premier developer of business intelligence software and data integration services, has announced the implementation of its
LEVA Hotels & Resorts · 20 Aug
As part of its aggressive expansion strategy, LEVA Hotels & Resorts has rolled out the option of Third Party Management as an alternative to the trad
4hoteliers.com · 20 Aug
On August 5, 2019, Marriott International announced that it had taken a $126 million charge in the second quarter, primarily as a result of the data
Hotel Interactive · 19 Aug
Aries Capital is pleased to announce that Brandon Perdeck, Vice President in the Miami office of the Chicago-based firm, has closed a $6,000,000 brid
Hotel Management · 19 Aug
HRI installed the PVNG enterprise back-office system for integrated financial analysis and decision making at 25 hotels.
Lodging Magazine · 19 Aug
Orange Lake Country Club, Inc. announced that it is changing its name to Holiday Inn Club Vacations Incorporated to align with its growing vacation o
RedDoorz · 19 Aug
RedDoorz, Southeast Asia's largest and fastest-growing hotel management and booking platform, announced today it raised US$70 million as first close
Modern Restaurant Management · 19 Aug
Opening a business that requires a brick and mortar location, whether it be a storefront or restaurant, can be a stressful, drawn-out process. When d
The Hotel Financial Coach · 19 Aug
When you are reviewing a hotel budget you want to ask the right questions—the ones that will yield the biggest treasure. You see, the game of budgets in most hotel companies where the corporate or regional master needs to approve the plan before it is presented to the owner, is a game of under promise now and hopefully over deliver next year. Some people I know call this the practice of sandbagging. It is not mean or deceitful, rather it is a game. If you are asleep at the switch when you are doing the review, well, that is your problem.
Hospitality Technology Magazine · 19 Aug
The brand is developing two new smaller double drive-thru prototype designs.
Hospitality Technology Magazine · 19 Aug
Freddy's Frozen Custard & Steakburgers saves time and opens 13 locations, without expanding accounting team.
hotelmanagement.com.au · 19 Aug
The Star's proposed redevelopment at its Sydney flagship venue may be back on the table after the NSW Government said it was set on conducting a revi
skift.com - Hotels · 19 Aug
With 18 hotels signed, opened, or under construction, Nobu Hotels is growing its hotel portfolio rapidly. But the chain is focused only on major glob
Understanding the macro-environment and being ahead of the curve (i.e. before the data provides hard evidence of such in hindsight) in such capacity
Asset managers have responsibility for both managing an investment and overseeing physical assets. Finding the highest and best use of a property is
hotelmarketing.com · 19 Aug
Don't overthink it. Marketing to bleisure travelers can mimic your normal marketing efforts.
eHotelier.com · 18 Aug
It's not rocket science - it's just being organized and having a list. With that list, you're going to know what you need, what to order and if need
hotelmarketing.com · 18 Aug
Marriott is set to make significant changes to the way that its Bonvoy loyalty members pay for award nights with points.
CFO Magazine · 16 Aug
The Securities and Exchange Commission charged the former chief financial officer of 1 Global Capital with defrauding retail investors.
EyeforTravel · 16 Aug
In the hotel industry, the pressure is enough to send even the most laid-back lobby boy scuttling for cover in an empty suite! Margins are tighter th
Marriott on the Move · 16 Aug
In our quest to be the world’s favorite travel company, Marriott International has dabbled in a variety of businesses over the years, from airline ca
Hotel Interactive · 16 Aug
Orange Lake Country Club, Inc., one of the largest and most popular vacation ownership companies in the U.S., today announced that it is changing its