• The Art of Pitching: Is it Overrated - or Essential?

    Pitching… that thing we force notoriously introverted geeks to do for funding. The main idea is that an entrepreneur — unless his name is Elon Musk or Tony Stark — has limited resources and needs the financial support of pockets that are substantially deeper than his own.

  • What to Expect: New Changes Coming to Lease Accounting Standards

    The upcoming revision to lease accounting standards was one of the topics discussed by the HFTP Hotel Advisory Council in their February 2018 meeting. The surprising conclusion from the council: The hotel industry in general is not prepared for the changes, and there is no viable off-the-shelf software that any of the members were aware of that would assist with the accounting for the new standard.

  • HFTP GDPR Guidelines: Hospitality Organization Flow Charts

    This document is a set of flow charts illustrating data flow scenarios, involved parties providing hospitality services, steps of the guest journey and more. Four scenarios are presented: independent hotel, independent hotel with third party agreement, branded hotel and branded hotel with independent control.

  • Job Description Template: Club Accounting Positions

    The HFTP Americas Research Center has developed example job descriptions for club accounting positions. The process involved reviewing sample job descriptions, and compiling the information into standardized job descriptions.

commercial

Six Flags Is Still Shopping for Small Theme Park Players

skift.com - Destinations·25 April 2018
Six Flags is expanding overseas and looking to grow in its own back yard while selling visitors on higher-priced passes, a strategy that shows the regional theme park operator is trying to cover all its bases.
commercial

Universal Wants Its Own Characters to Shine at Theme Parks

skift.com - Destinations·25 April 2018
Universal parent company Comcast may want to get more theme park bang out of the bucks it has spent on intellectual property, just like Disney is milking its Marvel and Star Wars acquisitions. But that doesn’t mean Universal will turn its back on the cash cow that Harry Potter has become.
commercial

Trump May Prevail as Travel Ban Hearing Nears Conclusion

skift.com - Destinations·25 April 2018
It looks like a narrowed down version of Trump’s travel ban will be ruled constitutional by the U.S. Supreme Court. Trump’s victory will have been a great loss for the global perception of the U.S. as a travel destination.

Extreme Weather Is Making It Harder for Some Tourism Workers to Live Near Their Jobs

skift.com - Destinations·23 April 2018
When Hurricane Irma reached Florida’s Big Pine Key in September, it caused the floor of Terry and Sharon Baron’s cream-colored mobile home to collapse. On Marathon Key, twenty miles north, the winds lifted Diane Gaffield’s mobile home off its concrete pad and smashed it against her neighbor’s house. A few blocks over, Kimberly Ruth’s mobile home simply vanished into the storm.

The Balkans, Yes, The Balkans, Lead Europe's New Tourism Push

skift.com - Destinations·23 April 2018
Fifteen years ago, freshly out of cubicle culture, I made the bold decision to start a travel blog. I felt travel was on the verge of a transformation and wanted a URL to reflect the changing times. But I soon found my first choice — newtravel.com – was already taken.

Homesharing Is on the Rise in China as Real Estate Market Cools

skift.com - Destinations·22 April 2018
China’s sharing economy is on the rise in a big way. The market value of China’s sharing economy reached $680 billion (4.5 trillion yuan) in 2017, and some estimate that this will grow at a rate of 40 percent annually in the next five years. The growth is spurred by several factors, one of which being an increased interest in customized, independent travel experiences in the Chinese tourism market. However, arguably just as important is the growth of the real estate industry in China.

Sri Lanka Quietly Opens Itself Up to Luxury Tourism, 10 Years After Revolution

skift.com - Destinations·21 April 2018
In 2004 businessman Malik Fernando bought Castlereagh, a decrepit bungalow in the terraced, emerald hills of Sri Lanka’s sprawling tea country. The structure had no roof. “It was in absolute shambles,” he recalls. “There were cattle roaming through the whole house.” But it had one irresistible asset: “It was what was available,” he says, shrugging and welcoming me to the neat, ­gingerbread-style mansion on a clear, 80F winter day. That was enough to make it the perfect place for the area’s first luxury hotel.
commercial

How to Make Abu Dhabi a Real Destination and Not Just a Stopover

skift.com - Destinations·20 April 2018
The launch of the Louvre in Abu Dhabi was a global press event last fall. The event drew fawning coverage from the predictable outlets ranging from the Financial Times to CNN Style to The New York Times and every design and travel publication imaginable. It had been in the works for some time: The deal originated back in 2007 with a $525 million agreement for the rights to the name as well as management advice and assistance to the tune of nearly a $1 billion more over time.
commercial

Homeland Security Facial Passenger Scans For US Airports May Go Nationwide

skift.com - Destinations·18 April 2018
The U.S. Department of Homeland Security has processed travelers with facial recognition scans at many U.S. airports, part of pilot programs during the past year that the government now believes it’s ready to roll out nationwide.
commercial

San Juan Airport Operates on Generators as Puerto Rico Suffers Island-Wide Power Outage

skift.com - Destinations·18 April 2018
Last week, more than 800,000 Puerto Rico utility customers lost power when a single tree fell on a transmission line. A month earlier, another line failure affected hundreds of thousands, while a substation fire crippled power plants in February. Then, there was the November blackout, which hit San Juan just as it celebrated the milestone of 50 percent power generation after Hurricane Maria last year.
commercial

China Is Making It Easier for Foreign Tourists to Visit Hainan

skift.com - Destinations·18 April 2018
China has extended visa-free access to Hainan for another 33 — mostly European and South American — countries, as President Xi Jinping seeks to boost the tropical province’s popularity among foreign tourists.

Morocco Joins Long List of Destinations Looking to Regulate Airbnb

skift.com - Destinations·17 April 2018
Moroccan officials have placed Airbnb and Booking.com in their cross-hairs, looking to level the playing field for traditional hotels as a “new reality” forces Africa’s biggest tourism destination to re-evaluate efforts to drum up business.

Airbnb Launching an Effort to Address Overtourism It Helped Create

skift.com - Destinations·17 April 2018
Airbnb, which has helped spur tourism growth in many regions of the world, said Tuesday it was creating an office of healthy tourism to tackle overcrowding by visitors that has increasingly put strains on local economies. Healthy tourism, or Airbnb’s term for proper tourism growth management, was coined after 31 million travelers stayed in an Airbnb in the United States in 2017, according to data released by Airbnb this week. In addition, some 38 million U.S. travelers stayed in an Airbnb in another country last year.

Cuba Is Attracting More Cruise Visits as Traditional Travel Gets Complicated

skift.com - Destinations·17 April 2018
Nearly two years after cruise travel between the U.S. and Cuba restarted following a decades-long break, demand for the destination — at least as part of cruise itineraries — is showing no sign of cooling. Cruise lines continue to add more visits, in some cases doubling the number of ships they send, and travel agents report higher interest among clients.

Facial Recognition Startup Hoping to Solve Brexit's Ireland Border Conundrum

skift.com - Destinations·16 April 2018
A London-based facial recognition startup has talked to the U.K. government over how it can help manage border crossings between Northern Ireland and the Republic of Ireland following the U.K.’s departure from the European Union. Iproov, a six-year-old company, has received interest from the U.K. government about working on border crossings and other possible use cases, Andrew Bud, Iproov’s founder and chief executive officer, said in an interview. “We had a great deal of focused and high-level interest in our technology,” he said.
commercial

Pot Tourism is Growing But Some Destinations Still Take a Sober Approach

skift.com - Destinations·16 April 2018
Some 82.4 million travelers visited Colorado in 2016, two years after the state became the first to legalize marijuana. Colorado Tourism conducted a survey in 2016 that found 15 percent of those visitors (about 12 million) participated in a marijuana-related activity, and 5 percent reported it as a motivation for their trip. That number of pot loving tourists for 2016 in Colorado is more than most U.S. states’ — and many countries’ — annual visitor totals.
commercial

China to Use Tourism-Friendly Hainan Island as Test Case for Electric Vehicles

skift.com - Destinations·15 April 2018
The resort island of Hainan may become a key proving ground for China’s push to lead the world in electric-vehicle adoption. China aims to phase out sales of fossil-fuel vehicles in the province, and to accelerate the use of new-energy and energy-saving cars on the island, Xinhua News Agency reported late Saturday, citing an official guideline on reforming the southern province. The guideline coincides with President Xi Jinping’s visit to the island, and initiatives include setting up a trial free-trade zone and building up Hainan’s tourism industry.
commercial

Disney's CEO Is Definitely Not Ruling Out a Run for President

skift.com - Destinations·14 April 2018
Bob Iger, Walt Disney Co.’s chief executive officer, is letting on what kind of leader he’d be if he ever shoots for that other big CEO job: president of the U.S. In the May issue of Vogue, Iger, 67, lays out his support for football players who kneel during the national anthem, LGBTQ rights, the Paris climate accord and the #MeToo movement, issues that endear him to Hollywood. He also backs legal status for dreamers, the immigrants brought here illegally when they were children, and says he’s “horrified” by American politics today.
commercial

Hainan Province Is Getting Governmental Help in Bid to Become a Tourism Powerhouse

skift.com - Destinations·13 April 2018
China’s southernmost province of Hainan is getting a package of favorable policies covering tourism, duty-free shopping and medical services that’s designed to help transform the island into an international tourism destination. Hainan, often billed as China’s Hawaii, will become a “free trade port,” China National Radio reported Friday. The upgraded status is an economic distinction that’s aimed to help boost the region’s economy.
commercial

Universal Orlando Has More Land Now to Build the Theme Park Fans Want

skift.com - Destinations·12 April 2018
We've been wondering for years what Universal will do with the land it was buying up in central Florida — and we continue to wonder with this latest purchase. Given what is already known about the theme park operator’s plans and recent growth, we expect the Orlando theme park wars to never end.

New Skift Research Survey Shows the Complexity of Affluent Travelers

skift.com - Destinations·10 April 2018
For travel brands, targeting affluent Americans is a strategic decision with the potential to have a huge payoff. According to Skift Research’s analysis of data from the Bureau of Labor Statistics’ 2016 Consumer Expenditure Survey, while Americans who make over $100,000 in household income comprise just one-fifth of the population, they contribute over half of all travel expenditure.
commercial

What New UK Statistics Tell Us About the Gender Pay Gap in Travel

skift.com - Destinations· 9 April 2018
Ryanair pays women in its UK operation on average 72 percent less than men, putting the carrier at the bottom of Skift’s travel gender pay table. The Irish airline might be the worst performer, but of the 21 companies we looked at, none paid men and women at the same median hourly rate.
commercial

National Park Officials Rethink Steep Fees While Seeking Alternatives

skift.com - Destinations· 9 April 2018
U.S. national parks were established to ensure visitors would always have access to the parks’ beautiful landscapes and natural wonders. But a recent proposal to raise entrance fees at popular parks has drawn outrage from many visitors who argue they wouldn’t be able to afford higher fees. The message was heard: Officials are reconsidering the price hikes.
commercial

The Prospect of China Opening Up Hainan to Gambling Could Impact the Global Travel Industry

skift.com - Destinations· 9 April 2018
In China’s southernmost province of Hainan, inside a glittering skyscraper shaped like a sail, Zeng Xianyun has been waiting for Xi Jinping, in more ways than one. This week, the Chinese president will visit the island and hotel magnates like Zeng hope the leader will come bearing gifts: new tax concessions to attract more tourists to this tropical destination nestled along the South China Sea near the Vietnam border. Local entrepreneurs and global firms like MGM Resorts International have spent big on sea-side developments here.
commercial

Chinese Tourism Growth Puts Southeast Asia Travel Industry in Balancing Act With Locals

skift.com - Destinations· 8 April 2018
Looking to Thailand’s success, other nations in Southeast Asia have geared up efforts to attract more Chinese travelers. It’s a logical move given the market potential of China and its proximity to the region. Even a small slice of the China market means substantial revenue, made even more significant by lower average incomes in Southeast Asia. Still, these destinations also run the risk of driving away historically significant, and more lucrative per capita, Western tourists.
commercial

A New Saudi City Wants to Attract Tourists Although Its Strategy Is Undefined

skift.com - Destinations· 7 April 2018
On the Red Sea coast of Saudi Arabia, a new city in development is struggling to rise to the ambitious goals set by its founders. Time to call in the musicians. A concert by Egyptian singer Tamer Hosny on Friday is part of King Abdullah Economic City’s effort to burnish its tourism credentials as its tries to attract businesses, residents and investors. The city, population 6,500, also aims to bring in 1 million visitors this year with a slew of new attractions and hotels.

Newletter

Thank you for subscribing. Your email address has been added to our mailing list.
Close
To subscribe to the Finance Bytes Newsletter please enter your email address below.
An error occured, please check your input and try again.
CancelSubscribe