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  • 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.

  • IT Spending in the Lodging Industry Three-year Analysis: 2015–2017

    By Agnes DeFranco, Ed.D., CHAE; Arlene Ramirez, CHE, CHAE; and Tanya Venegas, MBA, MHM, CHIA. PART II: An analysis of IT spending data in the lodging industry based on reporting in the new USALI Schedule 6 — Information and Telecommunications Systems.

  • Letter from the HFTP Global President: Budgeting and Planning are Integral to Success

    HITEC Houston, which attracted HFTP’s largest event attendance in history, may now be behind us but the year is far from over. At the end of this month on July 28 is the new Club Forum in Sarasota, Florida USA.

  • HITEC Special: Revenue Strategy: Not Just a Fancy New Name for Revenue Management

    By Cindy Estis Green. A strategic view of revenue calls for proactive business mix planning and decision-making around deployed resources, well beyond reacting to what comes over the transom. Excerpt from the 2018 HITEC Bytes Special Report.

Who's Buying? Hard Rock Rocksino Is Acquired; More...·Requires Registration ·6h
MGM Resorts International and MGM Growth Properties LLC (MGP) today entered into an agreement whereby MGM Resorts will acquire all of the operating assets of the Hard Rock Rocksino Northfield Park from MGP and lease the real property associated with the Rocksino from a subsidiary of MGP.

Report: Room Demand Rises in Smaller Towns·Requires Registration ·7h
Hotel room demand escalates in smaller metros/towns, fueling occupancy and boosting investor interest, according to the Marcus & Millichap National Hospitality Research Report, Third Quarter 2018. Rising travel predictions favor the hotel sector. Analysts found that the accelerating economy, supported by strong employment growth and rising confidence levels, bodes well for hotel property performance.

U.S. Abounds with Hotel Projects in the Works·Requires Registration ·18 September 2018
From resorts underway in Florida to developments out west, here’s more on the projects underway across the U.S.

NLRB Proposes Rule to Change its Joint-Employer Standard·Requires Registration ·17 September 2018
The National Labor Relations Board has proposed a rule to change its joint-employer standard. With this change, an employer may be found to be a joint-employer of another employer’s employees only if it possesses and exercises substantial, direct and immediate control over the essential terms and conditions of employment and has done so in a manner that is not limited and routine. Indirect influence and contractual reservations of authority would no longer be sufficient to establish a joint-employer relationship.

H-Hotels Partners with Duetto; More Tech Moves...·Requires Registration ·17 September 2018
From revenue strategy to new software to streaming solutions, technology companies are making moves in hospitality.

HB ON THE SCENE: Outlook Positive, Labor Costs a Concern for Asset Managers·Requires Registration ·14 September 2018
Hospitality asset managers have a positive outlook for the near future, with more than 60% forecasting that seven to 18 months remain in the current RevPAR growth cycle. More than 90% see rising labor costs as an issue.

Arrivedo Launches a White Label Solution to Help Enhance Guest Experience·Requires Registration ·12 September 2018
Arrivedo, an online platform with curated content of things to do around hotels, has launched its new white label solution. This will be a unique content feature for hotel groups and hospitality companies to share local insights in order to better communicate with their guests.

Three Transactions to Know·Requires Registration ·12 September 2018
Hotel Business is tracking transactions. Real Hospitality Group and Aspect Investment Partners Ltd.; HFF; and HREC Investment Advisors have all arranged deals.

Hilton St. Louis Downtown at the Arch Is Sold; HSF Closes $53M Con Loan in AZ; More...·Requires Registration ·10 September 2018
Hotel Business is tracking transactions. MCR, HALL Structured Finance (HSF) and HREC Investment Advisors recently arranged deals.

Caesars Entertainment Nears Gender Pay Equity·Requires Registration · 7 September 2018
Caesars Entertainment Corporation has found no meaningful differences in the average pay of men and women in almost all jobs at the company. Together with Billie Jean King, sports icon and equal rights champion, Caesars Entertainment committed to work to close the gap and achieve 100% parity in pay for men and women.

Hotel Training and a Dose of Southern Comfort in Texas·Requires Registration · 7 September 2018
The new Doug Pitcock ‘49 Texas A&M Hotel & Conference Center is offering a dose of Southern comfort to travelers through a student and alumni hospitality training program.

With Series, AC Hotels Sparks a Global Conversation·Requires Registration · 7 September 2018
AC Hotels by Marriott wants guests to put down their phones and start talking. The brand is inviting guests and notable panelists to share fresh perspectives while on the road. And, meaningful conversations are already happening.

Designing Hotels for Now and in the Future·Requires Registration · 7 September 2018
or Elizabeth Lowrey, principal and director of interior architecture at Elkus Manfredi Architects, you could say design is part of her DNA. Her parents are both artists and designers and, as a result, she grew up surrounded by various forms of design. An interest in how people interact with the world led her to study interior architecture at Auburn University.

TravelClick, The Guestbook to Offer Independent Hotels Rewards Program·Requires Registration · 5 September 2018
TravelClick has entered into a new partnership with The Guestbook, an instant cash-back rewards program, to further increase direct bookings for TravelClick’s independent hotels.

Tarkett Signs Deal to Acquire Lexmark·Requires Registration · 4 September 2018
Global flooring and sports surfaces solutions provider Tarkett has signed an agreement to acquire 100% of Lexmark Carpet Mills.

Sabre, Carlson Wagonlit Travel Expand Partnership·Requires Registration · 4 September 2018
Sabre Corporation and Carlson Wagonlit Travel (CWT) have a new long-term agreement that broadens their long-standing business partnership and deepens the companies’ close collaboration on technological innovations being developed.

Study: For Summer Travelers, Hotel Searches Soar Over Flights·Requires Registration ·31 August 2018
A new study by Adthena, an AI and machine learning-powered search intelligence firm, found that online searchers are looking at hotels more than activities and flights. The study, which polled more than 600 U.S. consumers aged 18 and older, sought to uncover key search trends such as key terms, most popular sites and preferred search methods.

A Look at Recent Hotel Activity·Requires Registration ·29 August 2018
Hotel Business is tracking transactions in the industry. The following companies have recently acquired properties: Procaccianti Hotel REIT Inc., Chatham Lodging Trust and Fibra Inn.

Bid for LaSalle Heats Up: Pebblebrook Offer Being Considered·Requires Registration ·28 August 2018
The battle to takeover LaSalle Hotel Properties is not over—yet. LaSalle recently revealed that its board, through a unanimous vote, determined the unsolicited, non-binding proposal from Pebblebrook Hotel Trust on Aug. 21 could be reasonably expected to lead to a “superior proposal” as defined in LaSalle’s merger agreement with affiliates of Blackstone Real Estate Partners VIII.

Here and Abroad, Three Hotels Transform·Requires Registration ·28 August 2018
rom refreshed guestrooms to a post-hurricane revamp, properties are getting updates.

Know Thy Enemy: Bed Bug Facts Every Hotelier Needs to Know·Requires Registration ·28 August 2018
Bed bugs are becoming the bane of hotels across the country. An infestation can permanently scar a hotel brand when an outraged guest has his or her vacation destroyed by a bed bug encounter and then takes to social media or even the news with their story. Furthermore, potential guests are assessing whether a hotel has reported incidents of bed bugs; if so, they move on and reserve a room in a different facility. In either scenario, the loss of hotel revenue and reputation can be irreparably damaged.

July RevPAR Rises, but Profit Falls at U.S. Hotels·Requires Registration ·27 August 2018
Top-line growth continues for U.S. hotels, but flow through isn’t keeping up, according to the latest data tracking full-service hotels from HotStats.

Seaboard Hotels Launches Loyalty Rewards Program·Requires Registration ·27 August 2018
In celebration of its 40th anniversary, Seaboard Hotels has introduced a new guest loyalty program, Seaboard Rewards.

Report: Extended-Stay Occupancy Rises·Requires Registration ·24 August 2018
The Highland Group has released its “2018 U.S. Extended-Stay Lodging: Mid-Year Report.” According to the findings, extended-stay hotels continue to absorb record levels of new rooms while maintaining occupancy above their long-term average.

Same Digs, New Looks for Five Hotels·Requires Registration ·24 August 2018
Hotels in Marriott International Inc.’s portfolio are getting upgrades. With touches of history and refreshed designs, here are renovations that will make you take notice.

Three Hotel Transactions to Know·Requires Registration ·24 August 2018
Hotel Business is tracking transactions in the industry, including activity from CBRE Hotels, Waramaug and Mission Capital Advisors.


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