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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.

  • Internal Controls and the Important Roles They Play in Eradicating Fraud

    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.

  • 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.

Benchmark To Manage Hilton University of Florida Conference Center

Lodging Magazine·20 March 2019
The Woodlands (Houston), Texas—Benchmark has added the Hilton University of Florida Conference Center at Gainesville to its Benchmark Resorts & Hotels brand portfolio. The recently renovated, 248-guestroom property is located on the University of Florida campus, close to Gainesville’s Central Business District.

HotStats: Shutdown Resulted in 88.8 Percent YOY Drop in GOPPAR for D.C. Hotels

Lodging Magazine·20 March 2019
The 35-day federal government shutdown from December 22nd, 2018, to January 25th, 2019, dealt a crushing blow to profitability for Washington, D.C. hotels, according to a recent report from HotStats. Hotels in the nation’s capital recorded an 88.8 percent year-on-year drop in GOPPAR during the month of January.

Deal Report: Five Acquisitions and Reflaggings

Lodging Magazine·20 March 2019
AJ Capital Partners acquired the Kingsgate Conference Center at the University of Cincinnati. The hotel will run independently of any affiliation through February 2020 and begin renovations in November to convert to Graduate Cincinnati, part of the Graduate Hotels collection. The 206-room hotel is on the University of Cincinnati campus.

Skylar Skikos on Palisades Hospitality Group's New Real Estate Arm: Local Framework

Lodging Magazine·19 March 2019
Skylar Skikos is co-founder and president of Local Framework, the newly introduced real estate development and acquisition arm of Palisades Hospitality Group (PHG), the operation and management company behind the Mosaic Hotel brand. Skikos told LODGING that Local Framework’s mission is to create highly individualized hospitality projects shaped with identity and purpose—a mission he believes is best accomplished by both owning and operating assets.

Hotels Improve Guest Experience When They Become Data Advocates

Lodging Magazine·18 March 2019
Consumer privacy is a hot topic that is not going away any time soon. Guests are increasingly concerned about their personal information—and for good reason. Frequent data breaches, improper collection and usage, sharing and selling without consent, unwanted solicitations, ignored preferences, and identity theft are all too common.

IHG Partners With Healthe To Pilot Circadian Lighting in Guestrooms

Lodging Magazine·15 March 2019
IHG has partnered with Healthe by Lighting Science to pilot the use of circadian lighting to help guests sleep better while traveling. Crowne Plaza Atlanta Airport will be the first IHG property to install the JOURNI Mobile Task Light in guestrooms. Designed using Healthe’s patented GoodDay and GoodNight spectrum technologies, JOURNI allows access to the alertness and focus-enhancing spectrum during the day, and then changes to the warm, sleep-enhancing spectrum at night.

Five Major Trends from AHLA's 2018 Industry-Wide Lodging Study

Lodging Magazine·15 March 2019
The American Hotel & Lodging Association (AHLA) this week released the results of its 2018 Lodging Survey, which is funded by the American Hotel & Lodging Educational Foundation (AHLEF) and provides a detailed assessment of advancements in amenities, guest services, sustainability, and technology, in addition to other industry trends. Conducted by AHLA partner STR every two years, the survey takes into account responses from thousands of hoteliers across the country.

The Streaming Companies That Are Changing How Guests Consume Media in Hotels

Lodging Magazine·15 March 2019
It’s probably fair to say that Netflix, Hulu, and Amazon Prime Video have completely changed the way most people consume media. Hulu recently announced that it has 25 million subscribers in the United States, and, according to Statista, Netflix and Amazon Prime Video have about 58.6 and 26 million American subscribers, respectively.

RAR Hospitality Assumes Management of Three Independent Hotels

Lodging Magazine·14 March 2019
RAR Hospitality has taken over the management of three properties: Wave Hotel and Crimson Hotel in Manhattan Beach of Los Angeles County and Stay Tucson Inn and Suites in Arizona.

Hyatt Launches Wellbeing Ideation Labs With a Focus on Meetings

Lodging Magazine·14 March 2019
Hyatt Hotels Corporation this week launched its Wellbeing Ideation Labs, a new series designed to bring together industry experts to explore ways to enhance day-to-day wellbeing for guests, colleagues, and customers. During the inaugural Wellbeing Ideation Lab, led by Hyatt’s Global Head of Wellbeing Mia Kyricos, the group identified ways to evolve the meeting product for Hyatt’s customers, working with top Fortune 500 companies to improve their future meetings.

Building In Wellness Without Making Capital Improvements

Lodging Magazine·13 March 2019
Jennifer Hawkins--CEO of Hawkins International Public Relations, which serves mainly high-end lifestyle and travel clients, luxury hotels with spas, and international hospitality companies—says properties don’t necessarily have to make capital improvements or—heaven forbid—start from scratch, to get on the wellness bandwagon.

New Orleans Hotels Recorded Increased Occupancy and RevPAR in January

Lodging Magazine·13 March 2019
In January 2019, U.S. hotels picked up essentially where they left off in 2018, demonstrating a sustained uptrend in profit growth, according to the latest data tracking full-service hotels from HotStats. While some markets like Washington, D.C., felt the impacts of the government shutdown, others—like New Orleans—saw hotel profits rise significantly.

Despite Government Shutdown, U.S. Hotels Recorded Profit Growth in January

Lodging Magazine·12 March 2019
Not even a government shutdown could throw the U.S. hotel industry off-kilter. In January 2019, hotels picked up essentially where they left off in 2018, demonstrating a sustained uptrend in profit growth. U.S. properties recorded a 2.4 percent year-over-year (YOY) increase in profit per room in January, driven by growth across all revenue centers and despite increased labor costs, according to the latest data tracking full-service hotels from HotStats.

Creating Scent in Hotels

Lodging Magazine·12 March 2019
The five senses play an important role in designing a hotel, but scent is often one of the most overlooked elements. Sensory memory directly correlates with smell—something as small as smelling freshly cut grass or flowers can instantly transport one back to childhood or a forgotten memory. So, why is scent so often disregarded in hotel design?

Hyatt Focuses on Asset-Light Growth

Lodging Magazine·11 March 2019
During an Investor Day hosted last week in New York City, Hyatt Hotels Corporation shared details around the company’s performance and strategy to create long-term shareholder value by driving asset-light growth. The company plans to sell $1.5 billion in assets by early 2022.

Extended-Stay Hotels Remain Attractive To Hoteliers and Guests

Lodging Magazine·11 March 2019
Hoteliers are continuing to enjoy strong performance in the extended-stay segment. These hotels’ home-like amenities are responsible for their rising popularity among travelers, and a profitable operating model is fueling further development. Additionally, the longer lengths of stay make extended-stay properties particularly attractive for hoteliers, as this model defrays the labor costs associated with room turnover while buoying occupancy.

Achieving Efficiencies and Catering To Guests Through Smart Design

Lodging Magazine·11 March 2019
Asheville, N.C., has become an increasingly popular tourist destination over the past decade. On top of attractions like Great Smoky Mountains National Park and The Biltmore Estate, which was built by George Vanderbilt and is America’s largest home, the city’s downtown has experienced an influx of independent restaurants and a robust craft brewery scene that is drawing travelers from across the country.

DoubleTree by Hilton Chicago-Magnificent Mile Creates 'Five Feet to Fitness' Rooms

Lodging Magazine· 8 March 2019
DoubleTree by Hilton Chicago–Magnificent Mile has launched the first Five Feet to Fitness rooms as a way for guests to exercise in the privacy of their room with more than 11 different pieces of equipment. These rooms are part of a $35 million hotel transformation that includes renovating guestrooms, the lobby arrival experience, the hotel’s meeting space, and its rooftop pool and terrace, in addition to the launch of a new lobby bar and restaurant, HotHouse, as well as the grab-and-go Made Market.

International Women's Day: 9 Travel Leaders Share Insights and Advice

Lodging Magazine· 8 March 2019
Today, women make up just a quarter of senior managers across the hospitality and travel sectors, according to PwC and Korn Ferry’s Women in Hospitality, Travel, and Leisure 2020 report. In recognition of International Women’s Day, women throughout the hotel and travel industries comment on how hospitality is changing, why diversity matters to the success of businesses, and what advice they can offer the next generation of hotel leaders.

Super 8 by Wyndham Launches #JourneySafe Campaign to Combat Drowsy Driving

Lodging Magazine· 7 March 2019
Super 8 by Wyndham, in partnership with philanthropist and actor Giacomo Gianniotti, announced the launch of its new #JourneySafe campaign to help raise awareness and educate the public around the dangers of drowsy driving, which causes more than 100,000 crashes annually.

Global Hotel Construction Hit a Record High at the End of 2018

Lodging Magazine· 7 March 2019
Lodging Econometrics (LE) has released its year-end Global Construction Pipeline Trend Report, which compiles the construction pipeline counts for every country and market around the world. At the close of 2018, LE analysts found that the total global construction pipeline hit record highs with 13,573 projects totaling 2,265,792 rooms, a 7 percent increase in projects and a 6 percent increase in rooms year-over-year (YOY).

New Construction Drives La Quinta's Growth

Lodging Magazine· 7 March 2019
In the fourth quarter of 2018, Wyndham Hotels & Resorts added eight new La Quinta by Wyndham properties, totaling 30 new hotels in 2018 anchored by 16 new construction locations. Seventeen hotels—equating to more than half of La Quinta’s 2018 additions, and 10 of which were newly constructed hotels—opened under the Wyndham umbrella since the company acquired the brand in May of last year. La Quinta now has a U.S. footprint of just under 900 hotels.

sbe Partners With Accor To Launch The House of Originals Luxury Collection

Lodging Magazine· 6 March 2019
Developer, manager, and operator of global hospitality brands sbe has launched a new luxury global brand, The House of Originals, in partnership with Accor. The House of Originals is a luxury collection of properties from sbe with “a bold spirit that challenges and inspires.” The brand will include Sanderson and St. Martins Lane in London, 10 Karakoy in Istanbul, and the Shore Club in Miami Beach.

Upscale Climb: How the WorldHotels Collection Suits Best Western

Lodging Magazine· 6 March 2019
As longtime president and CEO of Best Western Hotels & Resorts, David Kong has led the company’s growth to its current global portfolio of 4,500 hotels across all market segments and 16 brands. He recently shared with LODGING how the company’s recent acquisition of WorldHotels—a collection of approximately 300 hotels and resorts around the world that will expand Best Western’s presence in upper-upscale and luxury segments—fits into its vision.

This Week's Hotel Sale and Financing Announcements

Lodging Magazine· 6 March 2019
HREC Investment Advisors has arranged the sale of the 99-room TownePlace Suites Denver Southwest, located in Littleton, Colo., and the 94-room TownePlace Suites Garden of the Gods, located in Colorado Springs, Colo. HREC represented the seller, Scio Hospitality, during the transaction. The sale was negotiated by Jeffrey Duni, senior vice president in the Denver office. The buyer was Sun Hill Properties Inc.

RLH Corporation Creates Subsidiary for Technology Innovation--RLabs

Lodging Magazine· 5 March 2019
RLH Corporation announced the creation of a new subsidiary, RLabs, Inc. RLabs was formed to be a travel technology-based innovator that houses and builds on the technology platform the company has created, including RevPak. RLabs will focus on new revenue verticals and on developing technology and system offerings for the hospitality industry including software, robotics, and artificial intelligence.

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