• Controllers, Drive Your Professional Development: Attend CHCC 2018

    Club and hotel controllers: Do not miss the opportunity to get behind the wheel and take control of your own professional development. The Club and Hotel Controllers Conference (CHCC) — co-located with the world’s largest hospitality technology show HITEC® Houston at the George R.

  • Paycheck Checkup: The IRS Encourages Taxpayers to Review Withholdings

    April 17, 2018: Tax day in the United States has come and gone. Individual taxpayers have filed all of their paperwork, and have either paid up the amount owed to the United States Internal Revenue Service (IRS) or deposited their refunds in their bank accounts.

  • Is the Lodging Industry Ready for a 12th Edition of USALI?

    The 11th edition of the Uniform System of Accounts for the Lodging Industry (USALI) went live on January 1, 2015. This edition presented multiple updates such as changes to the way customers were reported in food outlets, new rooms revenue and demand segmentation, gross versus net reporting, and the addition of a new schedule, Schedule 6 — Information and Telecommunications Systems.

  • What to Expect at HITEC Houston 2018: Elite Education, Exhibits, E20X and More

    HOUSTON: A booming cosmopolitan city that is home to more than 2 million Texans, NASA’s famous Johnson Space Center, and — in just two short months — the world’s largest hospitality exhibition HITEC®.

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Blackstone Swoops Back Into Hotels With $4.8 Billion Offer for LaSalle

skift.com - Hotels·21 May 2018
That didn't take long. No sooner had private equity powerhouse Blackstone say it was exiting Hilton completely than it emerges three days later with a bid for LaSalle Hotel Properties. Maybe the $14 billion it made on Hilton has something to do with being keen to get back into hotels.
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Highest Earning Hotel CEOs and 8 Other Hospitality Trends This Week

skift.com - Hotels·20 May 2018
This week, we examined the compensation of hotel CEOs and found that a now-disgraced executive ended up on top again. Meanwhile, a private equity firm ended its long relationship with Hilton.
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Elaine Wynn Emerges as a Shareholder Activist With a Refreshing Approach

skift.com - Hotels·20 May 2018
Bloomberg columnist Joe Nocera adds up the victories by Steve Wynn's ex-wife Elaine as she attempts to clean up Wynn Resorts. He rightfully calls her a shareholder activist who breaks the mold because she doesn't have a cut-and-run mindset. Now there's a model for others to follow.
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Club Med Parent Fosun Mulls Acquisitions in North America

skift.com - Hotels·19 May 2018
Another Chinese conglomerate, this one with insurance, pharmaceutical, and tourism holdings, is looking to expand globally through acquisitions. Given that HNA Group, Dalian Wanda Group. and Anbang are scurrying to unload assets, does Fosun's strategy raise any red flags?
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Some of the Plaza Hotel's Owners Are Suing Its Other Owners

skift.com - Hotels·19 May 2018
When it comes to selling and buying The Plaza Hotel, nothing is ever simple or easy, it seems.
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What Private Equity Giant Blackstone Has Meant to Hilton

skift.com - Hotels·18 May 2018
Now we have to wonder: What will Blackstone buy next?
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Private Equity Giant Blackstone Reportedly to Sell Remaining Stake in Hilton

skift.com - Hotels·18 May 2018
The hospitality world all wondered when private equity powerhouse Blackstone would take its exit from Hilton. Now we know. So ends a storied chapter where Blackstone took Hilton private, and then public. All along the way, you know Blackstone was lining its pockets.
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How to Solve the Hotel Content Conundrum

skift.com - Hotels·17 May 2018
There's still a lot of room for improvement when it comes to how hotels can tell their story through content and distribution. Here, Dee Thomas of DerbySoft talks about the current state of content in the hospitality industry.
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The Most Highly Compensated Hotel CEOs of 2017

skift.com - Hotels·17 May 2018
We can only hope that a large portion of Steve Wynn's $34 million compensation from last year will go to his multiple alleged victims.
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Wynn Resorts Expects to Complete Its Sexual-Harassment Probe by the Fall

skift.com - Hotels·16 May 2018
How the multibillion-dollar company conducts itself with regard to the multiple allegations of sexual harassment and abuse lodged against its founder will really determine whether the "new Wynn" can actually succeed.
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Marriott Integrates Facebook Messenger Into Its Tours and Activities Offering

skift.com - Hotels·16 May 2018
Everyone wants to get in on the tours and activities market, but very few can or have succeeded in the space.
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SkiftX Webinar: Delivering Personalization at Scale in Hospitality

skift.com - Hotels·16 May 2018
Our upcoming SkiftX webinar explores how hotels are able to personalize the end-to-end guest experience with new technology that better understands and delivers on individual customer preferences.

Investors Speculate on Future of Whitbread's Premier Inn Brand

skift.com - Hotels·16 May 2018
No sooner has Whitbread Plc decided to spin off Costa Coffee than questions are being asked about the future of its other main business. Setting a course for the Premier Inn budget hotel chain will be the company’s main priority after Costa is jettisoned, and there’s no shortage of ideas in the market about how that can be achieved. While shareholder Blue Whale Capital LLP says the business should adopt a franchise model similar to InterContinental Hotels Group Plc, Bernstein analysts favor expanding Premier Inn’s business in Germany. Others say the division might be bought.
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Langham Hospitality Group Names New CEO With Expansion on the Agenda

skift.com - Hotels·15 May 2018
Can the new CEO manage to grow the Langham and Cordis brands on a larger scale? That's the bigger task that lies ahead for Leser.
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Shareholders Push Travel Companies to Disclose Political Giving As Mid-Terms Loom

skift.com - Hotels·15 May 2018
After a period of strong words from travel companies following the election of President Donald J. Trump and the chaos of the travel ban fiasco which followed, executives across the industry have tempered down their rhetoric on political issues. At first, the executives of companies including Expedia Group and Airbnb expressed concern about the election of Trump. Yet as the administration and series of travel bans rolled on, fewer leaders voiced opposition to policies that were squarely opposed to the health of the U.S. travel industry.
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Elaine Wynn Succeeds as One of Her Ex-Husband's Allies to Depart Wynn Board

skift.com - Hotels·14 May 2018
In a surprise move just two days before its annual meeting, Wynn Resorts Ltd. announced the resignation of two directors, including one who co-founder Elaine Wynn urged shareholders to vote against. John Hagenbuch, a real estate investor from Ketchum, Idaho, decided that he would no longer stand for re-election at the annual meeting scheduled for Wednesday. Robert Miller, a former Nevada governor, also tendered his resignation.
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The Newest Hotels in Los Angeles Are Redefining Luxury Travel

skift.com - Hotels·14 May 2018
Los Angeles has many faces. The time and effort required to brave its famously sluggish traffic means that, for many visitors, the place they choose to stay determines the flavor of their experience. Great hotels abound — and there is no single best way to experience L.A. Right now, one of the most exciting options is to explore the street art and galleries of gritty downtown with the NoMad Hotel as your base. The just-opened venue is a spinoff of the trendy Manhattan namesake, complete with a restaurant from the Eleven Madison Park team.
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AccorHotels to Buy Chile's Atton Hoteles

skift.com - Hotels·14 May 2018
AccorHotels’ acquisition spree continues. Europe’s largest hospitality company announced on Monday it has partnered with Chilean investment group Algeciras to purchase Atton Hoteles, a hospitality group with 11 hotels in Chile, Peru, Colombia, and Florida, for $105 million.
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Skift Tech Forum Preview: Hilton's Chief Commercial Officer on the Future of Personalized Travel

skift.com - Hotels·14 May 2018
As Hilton’s executive vice president and chief commercial officer, Chris Silcock is responsible for overseeing the global hospitality company’s entire commercial team, including, but not limited, to e-commerce, regional marketing, and customer care. It’s quite a lot of ground to cover, but for Silcock, a longtime Hilton and hospitality veteran who happens to have a degree in computer science, that’s what makes data and analytics so helpful — and crucial to his role.
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The First W Hotel Is No Longer a W Hotel

skift.com - Hotels·12 May 2018
Goodbye, W. Hello, Maxwell. The original property in the W hotel chain, whose hip designs and emphasis on nightlife helped revolutionize the luxury lodging business when it launched in 1998, became the Maxwell on May 9.
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MGM CEO Criticizes 'Hypocritical' Investors on Diversity

skift.com - Hotels·12 May 2018
MGM Resorts International has increased the number of women in management and invested in solar panels to power its casinos. Chief Executive Officer James Murren says investors don’t care enough.
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Skift Podcast: Why Accor Had No Choice But To Change

skift.com - Hotels·11 May 2018
Tune in for a candid conversation about the strategy behind AccorHotels’ many acquisitions, why the company wants to be part of consumers’ everyday lives, and what the CEO has learned from spending hundreds of millions of dollars on startups.
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Marriott CEO Fires a Salvo: 'We Can Deliver a Better Homesharing Product'

skift.com - Hotels· 9 May 2018
Marriott - and well, any company wanting to get into private accommodations - should heed the advice of AccorHotels CEO and pay close attention to how they manage those rentals and how they can leverage their existing hospitality labor force to do it.

The Park MGM Hopes to Be Part of the Transformation of Las Vegas

skift.com - Hotels· 8 May 2018
The Las Vegas you know and love (or hate) is in the midst of a reinvention. More than $5 billion worth of construction investment has poured into “Sin City” recently — resulting in such flashy ribbon-cuttings as the $375 million T-Mobile arena (home venue to the Vegas Golden Knights, a team that just advanced to the conference finals in its first season) and plans for an NFL team (born the Oakland Raiders) to play in a glitzy, new $2 billion stadium.

Wynn Resorts Is Coming up With New Ways to Distance Itself From Former CEO

skift.com - Hotels· 8 May 2018
Among the new polices that Wynn Resorts Ltd. has adopted since the departure of Chief Executive Officer Steve Wynn in February: Management and the board are required to notify a company attorney within 48 hours if they have any communication with him. The Massachusetts Gaming Commission made note of the new policy Monday in a decision explaining why the agency would no longer keep Steve Wynn’s name on the company’s casino license in the state.
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Can Hotel Companies Have Too Many Brands?

skift.com - Hotels· 7 May 2018
Nobody can say that the hotel business suffers from a lack of brands — more than 1,000 are in operation, according to STR’s most recent global list of chains. And they continue to multiply. For most major hotel companies, there’s no end in sight to the number of brands they can either dream up or acquire.

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