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  • HFTP Research Report: Pre-opening Expenditures in Hospitality

    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.

  • New Global Directors Join the 2018-2019 HFTP Board

    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.

  • Letter from the HFTP Global President: At the End of the Year, We Reflect on the Best of the Year

    As we prepare to transition to the new HFTP Global board at the 2018 Annual Convention in October, I would like to take the time to reflect on my year serving as HFTP Global president.

  • Members Only: 2018 HFTP Compensation and Benefits Report

    By Tanya Venegas, MBA, MHM, CHIA. Results to the biannual survey conducted by Hospitality Financial and Technology Professionals (HFTP). Information includes data on compensation and benefits trends for finance and technology professionals in the club and lodging industries.

Egypt anticipates pre-Arab Spring visitor numbers

Hotel Management·15 February 2019
According to a recent report from Capital Economics, Egypt's tourism sector is on track to reach levels not seen since 2010, the year before the Arab Spring sparked political unrest and devastated incoming tourism numbers.

AccorHotels plans 6 Mercures for UK

Hotel Management·15 February 2019
Paris-based AccorHotels has signed a portfolio of six Mercure hotels under a hotel management agreement with Proark, a Danish real estate property company that holds hotel assets across Europe.

KDG Capital buys Wyoming's Snow King Resort Hotel

Hotel Management·14 February 2019
KDG Capital, a Tampa, Fla.-based real estate private equity firm, purchased the Snow King Resort Hotel in Jackson, Wyo. Benchmark, a global hospitality company, will continue to operate and market the 230-room property, located at the foot of Snow King Mountain in the Grand Teton mountains, minutes from the center of Jackson Hole, Wyo. KDG plans to invest $5 million in capital improvements to the property..

HIS introduces BeyondTV GuestCast

Hotel Management·14 February 2019
Hotel Internet Services launched BeyondTV GuestCast, an advanced casting offering that, while affordable for hoteliers to implement, provides guests with the ability to securely cast a wide range of personalized content from their own devices onto guestroom televisions.

Ruby Hospitality upgrades to mobile PMS

Hotel Management·14 February 2019
Hotel ownership and management company Ruby Hospitality has partnered with StayNTouch to implement the Rover property-management system and Zest guest-facing products at all five of the company's Spokane, Wash.-area properties. Ruby properties comprise the flagship Hotel Ruby, Hotel Ruby2, Ruby Sandpoint, the historic Montvale Hotel and the newly acquired Ruby River Hotel.

Wild Rose Casinos & Resorts implements new PMS, POS system

Hotel Management·14 February 2019
Iowa-based Wild Rose Casinos & Resorts has implemented Agilysys’ InfoGenesis point-of-sale system and Visual One property-management system to provide a more integrated technology infrastructure and superior guest experience across its three locations in Emmetsburg, Clinton and Jefferson.

Hilton's Q4 earnings up, but pipeline slows

Hotel Management·13 February 2019
Hilton Worldwide Holdings released its fourth quarter and full-year 2018 results with some solid numbers: Net income was $225 million for the fourth quarter and $769 million for the full year.

MENA hotels report 6% fall in profit per room for 2018

Hotel Management·12 February 2019
According to the latest data tracking full-service hotels from HotStats, profit per room at hotels in the Middle East and North Africa fell 10.6 percent year-over-year in December and contributed to a 6-percent decline for full-year 2018 as revenues declined and costs grew.

Tourism growth drives development boom in Australia

Hotel Management·12 February 2019
Australia's hotel sector is in the middle of a rapid growth phase—reportedly the biggest since the lead-up to the Sydney Olympics in 2000.

Routier releases internal communication tool

Hotel Management·12 February 2019
Routier has launched a team chat function, the newest addition to its hotel-management platform that helps hotels and hotel groups gain real-time insights into the performance levels of their properties and their own brand. This enables hoteliers to ensure the properties are functioning at an optimal level and bringing in the highest return on investment possible, in addition to maintaining a strong brand reputation. Staff can communicate, collaborate and engage with each other, across any department, via the team chat.

Nuvola adds new housekeeping module

Hotel Management·12 February 2019
Nuvola unveiled its latest module, housekeeping productivity, rounding out the platform as a comprehensive product. The addition of the module completes the company’s primary product offerings, enabling hotels that deploy Nuvola to manage all aspects of operations from one software system.

Heritage Hotels & Resorts partners with ProfitSword

Hotel Management·12 February 2019
Heritage Hotels & Resorts, a hotel-management company based in Albuquerque, N.M., will 11 properties in its portfolio, has installed the ProfitSage operational and financial reporting product from ProfitSword. Heritage Hotels & Resorts has experienced dramatic business growth over the past five years. While continuing to acquire additional locations, company leadership soon identified the need to implement a business intelligence and forecast strategy that could keep pace with the increasing complexities.

Montenegro visitor growth up as CEE demand increases

Hotel Management·11 February 2019
The Central and Eastern Europe region (CEE) has been growing as a tourism destination and countries within it are reporting significant upticks in visitor numbers from around the world.

Charlestowne Hotels to manage The Cove of Lake Geneva

Hotel Management·11 February 2019
Charlestowne Hotels added The Cove of Lake Geneva the firm’s portfolio of managed properties. The Cove marks Charlestowne’s first property in Wisconsin and the second in the Great Lakes region.

Hotels find new ways to incorporate wellness

Hotel Management· 8 February 2019
As wellness goes from niche to normal, hotels worldwide are finding creative ways to implement the concept into every element of the guest experience, from initial design to daily operations. No longer reserved for exclusive spas, wellness now is incorporated into hotels up and down the chain scale, with millions invested in making healthy travel accessible to the masses.

Starwood Capital: Gets creative in 2019

Hotel Management· 8 February 2019
At the upcoming International Hotel Investment Forum, March 4-6 in Berlin, Cody Bradshaw, managing director and head of European hotels at Starwood Capital Group will be speaking on a panel entitled, "Money Makes the World Go Around: Identifying the Key Trends in Global Money Movement."

Expedia earnings beat estimates in rush to add rooms

Hotel Management· 8 February 2019
Online travel giant Expedia managed to beat analysts’ expectations in 2018, selling more hotel rooms and airline tickets even as the company navigates shifts in the sharing economy and continued efforts from hotel companies to drive direct bookings.

India's Oyo sets sights on U.S. growth

Hotel Management· 7 February 2019
Since its founding in 2013, India's Oyo Hotels & Homes has already conquered India, set up a second home base, expanded across southeast Asia, gained ground in the Middle East and launched in Europe.

Old-school distribution tool can help hotels boost bookings

Hotel Management· 7 February 2019
Most major manufacturing industries are cyclical, taking top trends from past decades and updating them to sell to a brand-new generation of consumers; the retail, interior design and music industries are stuck on repeat and consumers are happy to keep riding the loop, over and over again. Look at any interior design magazine right now and tell me that it doesn’t look like your parents’ living room.

Honeywell simplifies guestroom system design

Hotel Management· 7 February 2019
Honeywell is shortening training and installation requirements for hotel properties around the world with its design, commissioning and sales software offerings, INNtool and EngINN. The Honeywell Inncom tools simplify the design and implementation of the company's hotel guestroom systems. INNtool is a guestroom design tool that allows real-time, on-property Inncom system design, HVAC equipment compatibility confirmation and pricing.

Business travel, new airport boost Egypt hotel forecasts

Hotel Management· 6 February 2019
According to Colliers International’s MENA Hotel Forecast for 2019, resorts in Hurghada and Sharm El Sheikh, Egypt, are expected to see forecasted growth of 13 percent and 12 percent, respectively, in revenue per available room (RevPAR). The increases will likely be driven by the corporate and event sectors paying higher average daily rates.

AccorHotels says 'Hi' to Greet

Hotel Management· 6 February 2019
According to French paper Le Figaro, Paris-based AccorHotels is poised to launch Greet—its 34th brand— this summer, bringing independent hotels with 50 to 70 rooms under its umbrella. The brand reportedly will require minimal standardization, but will incorporate "vintage" accents, e.g., turning old refrigerators into guestroom wardrobes, the paper noted.

Profits keep growing for Europe's hotels

Hotel Management· 5 February 2019
Last month, HotStats predicted that barring unexpected surprises in December's numbers, Europe’s hotels would record another huge profit increase in 2018, following an 8.9-percent increase in 2017.

Investor Aprirose launches hotel-operations platform

Hotel Management· 5 February 2019
Expanding its verticals beyond ownership, London-based real estate investment company Aprirose has launched its own hotel-operating platform.

Rockbridge acquires two Knoxville hotels

Hotel Management· 5 February 2019
Rockbridge acquired The Tennessean Hotel and the Holiday Inn Knoxville Downtown Hotel, both of which are located in downtown Knoxville. Aimbridge Hospitality will manage both hotels.

How smart rooms can transform hotel brands

Hotel Management· 5 February 2019
Smart rooms can provide efficiencies in terms of less wasted water or electricity. They can also reduce the need for staff members to perform tasks that can be moved to automated “smart” systems. These cost savings are great for the bottom line, but there’s a bigger benefit at work. When smart rooms and automation are implemented properly, they can help a hotel’s brand in unexpected ways.

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