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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.

Premier Inn Owner Looks to Put Pressure on Independent Hotels

skift.com - Hotels·17 January 2019
Premier Inn owner Whitbread plans to keep investing in its hotel portfolio despite the Brexit-related economic challenges in its core market. The company, which operates almost 800 hotels mainly in the UK, warned of weakness in its UK hotel portfolio outside of London as consumer and business confidence declined during the third quarter.

U.S. Shutdown Is Hurting D.C.-Area Hotels: Will the Pain Spread?

skift.com - Hotels·11 January 2019
There’s been plenty of discussion as to how the current U.S. federal government shutdown is impacting the travel industry — from long security lines at airports to national park closures — but now it appears to be impacting the hotel industry, too, especially those hotels that cater to government-related business travel. “Our performance of revenue per available room (RevPAR) on a month-to-date basis is nearly 20 percent below last year,” said Mark Carrier, president of the B.F. Saul Company Hospitality Group, which owns and operates 16 upscale and extended stay hotels located in the Washington, D.C. area. “We are seeing fairly significant cancellations of groups, some of which are rebooking for the future and others that are not.”

MGM Resorts Embarks on Two-Year Cost-Cutting Plan

skift.com - Hotels· 3 January 2019
MGM Resorts' CEO says it clearly: We're in the last stages of economic expansion this cycle. Hotel chains will begin to prepare themselves for what comes next.

World of Hyatt Loyalty Adds New Milestone Rewards to Attract Wider Audience

skift.com - Hotels·18 December 2018
More perks are coming to lower-level elites in Hyatt's World of Hyatt loyalty program next year thanks to its new Milestone Rewards program.

Expedia to Hoteliers: Vacation Rentals Won't Steal Your Business

skift.com - Hotels· 6 December 2018
Expedia officials can try to assure hoteliers that the rise of alternative accommodations is no big deal for their businesses. But you can be certain that figuring out how to manage this changing dynamic is of paramount concern for all parties involved.

AccorHotels Wants to Buy Out Its Largest Eastern European Franchisee

skift.com - Hotels·27 November 2018
Why go asset light when you can be asset right, or "active asset management" as AccorHotels likes to call it?

Why AccorHotels' Mergers Strategy Is Winning Over Investors: New Skift Research

skift.com - Hotels·27 November 2018
From co-working spaces to restaurant reservations, AccorHotels has demonstrated its willingness to make acquisitions, investments, or strategic partnerships outside of hospitality. It is all in an effort to become an all-in-one experience platform serving consumers no matter what their needs are, and investors seem to like it.

AccorHotels Balances Asset-Light and Acquisition Strategies: New Skift Research Report

skift.com - Hotels·20 November 2018
With the sale of a majority stake in the company's owned and leased hotel business, AccorHotels is a more stable, nimble company, with the ability to pursue additional acquisitions and other strategic initiatives. In our latest research report, we break down what going asset-light means for the company and tackle ways of measuring the success of its M&A strategy.

Democrats to Target Trump's Hotels Business as Part of Wider Investigation

skift.com - Hotels·19 November 2018
Come the new year, we'll likely learn a lot more about President Trump's business empire, including his tourism assets.

U.S. Hotels' Summer Occupancy Saw Second Largest Drop Since Recession

skift.com - Hotels·16 November 2018
The United States thankfully had fewer hurricanes this year. But because of that good news, some hotel markets are posting occupancy drops because fewer people needed them this year. That's likely indicative of how soft those markets were before the storms hit.

How Wellness Hospitality Brands Can Succeed Amid Big-City Chaos

skift.com - Hotels·13 November 2018
Wellness hospitality brands known for their idyllic locations are heading to New York City. Will the temptation of taking a bite out of the Big Apple prove a brand benefit or drawback?

Choice Hotels Sees Room Revenue Hurt by Hurricane Florence

skift.com - Hotels· 8 November 2018
The bigger question the hotel industry is no doubt asking itself is this: Was this third quarter just a one-off? Or was it a sign of tougher times to come?

Video: Travelsify Unveils Hotel Brand DNA to Close the Gap Between Brand Personality and Guest Experiences

skift.com - Hotels· 8 November 2018
Most hotel brands realize that they must strive to close the gap between brand personality and guest experiences to maximize their brand equity and compete. Real-time brand measurement based on guest experiences has become the norm in an accelerated asset-light hotel industry where highly diversified portfolio and new brand acquisitions are calling the shots.

Belmond Sees Slight Takeover Bounce in Third Quarter

skift.com - Hotels· 7 November 2018
Now it's just a wait-and-see approach to see who will snap up Belmond's treasure trove of luxury assets.

Millennium & Copthorne Blames Struggles on Rising Costs in Hospitality

skift.com - Hotels· 2 November 2018
The abrupt departure of a CEO and falling profit set off plenty of alarm bells. Will Millennium & Copthorne be able to turn things around, or do its struggles represent the start of a wider industry slowdown?

Trump Organization to Spend $46 Million Expanding Irish Golf Resort

skift.com - Hotels· 2 November 2018
Given the west of Ireland resort has yet to make a profit, the Trump family must be hoping a multi-million dollar investment will pay off sometime in the not too distant future.

Hyatt's High Hopes for Two Roads Revealed

skift.com - Hotels·31 October 2018
We all knew Hyatt was in the mood for a major acquisition. (NH Hotel Group or Starwood, anyone?) And now we have a much better idea of what its plans are for Two Roads, as well as other acquisitions down the line.

Ireland's Largest Hotel Company Won't Let Brexit Damper Its Expansion Plans

skift.com - Hotels·26 October 2018
We won't really know the full impact of Brexit until it happens, but we can be assured that hospitality companies operating in the U.K. will definitely face labor challenges once it does, if they haven't already.

A Cautious Hilton Unlikely to Buy Belmond

skift.com - Hotels·24 October 2018
Hilton is the kind of hotel company that's adamant about sticking to its guns. It says the future outlook looks fairly solid -- unless, of course, fears of a looming recession come true.

Premier Inn Owner Whitbread Presses Ahead With Germany Expansion

skift.com - Hotels·23 October 2018
Germany is indeed a big market but shouldn't Whitbread be taking a look at other countries as well?

Soho House Is Turning to Co-Working to Give It an Edge Over WeWork

skift.com - Hotels·19 October 2018
Sounds a lot like our Skift Megatrend from this year: "The hotel of the future is everything to everyone" where co-working, co-living, hotels, and private clubs are all blended together.

Golden Nugget Seeks Merger With Gaming Giant Caesars

skift.com - Hotels·17 October 2018
In the already competitive gaming industry, acquiring more scale will help both Golden Nugget and Caesars compete better. Just don't bet on this being the last merger or acquisition we'll see in the sector going forward.

How Nihi Hotels Adds a Wild Side to Luxury Travel

skift.com - Hotels·16 October 2018
Modern luxury doesn't necessarily need overly formal staff and a stuffy atmosphere. It can be "consistently inconsistent," and yet still be totally unforgettable.

Hyatt Adds Its Spa Business Exhale to Loyalty Program

skift.com - Hotels· 4 October 2018
This makes a ton of sense for World of Hyatt, but again will scale prove to be a challenge for Hyatt and for Exhale?

Hilton, Hyatt, and Blackstone Eyeing Belmond Hotels

skift.com - Hotels· 3 October 2018
These potential suitors all have their own reasons for wanting to buy Belmond, but a bigger question looms as to why the company is deciding to put itself up for sale now after years of rebuffing the idea and years of underperformance.

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