Latest mid-November data on hotel owner's viability - COVID, the vaccine, the economy
Latest mid-November data on hotel owner's viability - COVID, the vaccine, the economy

Hotel Law Blog · 19 Nov

We are less than a week from Thanksgiving and a lot of new data has been released in the past few days, with important implications for the hotel ind

Now Is the Time to Improve Your Accounting Processes

HFTP Connect · 17 Nov

If your processes are not tight, you may be bleeding money. And who can afford that in 2020? PKF O’Connor Davies presented on Accounting Processes an

Exchange Rate trends, how do they impact hotel performance?
Exchange Rate trends, how do they impact hotel performance?

Ecole hôtelière de Lausanne (EHL) · 12 Nov

In this report we analyze how exchange rate fluctuations affect the hospitality industry. We consider the case of Switzerland, which is a small open

Hotel Lawyer Alert: California Consumer Privacy Act update
Hotel Lawyer Alert: California Consumer Privacy Act update

Hotel Law Blog · 10 Nov

On November 3rd, Californians voted to approve Proposition 24 which amends the California Consumer Privacy Act to include expanded consumer rights an

RIP BookingSuite: Protecting Your Hotel's Digital Assets
RIP BookingSuite: Protecting Your Hotel's Digital Assets

Words of Vikram (By Vikram Singh) · 3 Nov

On November 30th of this year, Booking/Priceline is shutting down its BookingSuite product, likely affecting hundreds of hotels worldwide. In short,

Exploring Ethics at Cyber HITEC: Tips to Approach Ethical Situations at Work
Exploring Ethics at Cyber HITEC: Tips to Approach Ethical Situations at Work

HFTP Connect · 29 Oct

Written by: Claire Kenney, Cyber HITEC Guest Blogger Each year, the Hospitality Industry Technology Exposition and Conference (HITEC) facilitates ong

BEFORE you sign that (nonbinding) letter of intent, think about this!
BEFORE you sign that (nonbinding) letter of intent, think about this!

Hotel Law Blog · 23 Oct

One of the biggest mistakes owners and developers continue to make is negotiating a “nonbinding” term sheet on various hotel arrangements, such as ho

To pay or not to pay: when dividend policy rhymes with business strategy
To pay or not to pay: when dividend policy rhymes with business strategy

Ecole hôtelière de Lausanne (EHL) · 14 Oct

The COVID-19 crisis is putting the global economy under pressure in an unprecedented way. Companies worldwide have been forced to cut their dividend

The Challenges Faced by CFOs: How to Clearly Communicate When the Future Is Not Clear

HFTP Connect · 9 Oct

How can you forecast for meetings, business conferences, weddings and special holiday gatherings like those that take place at Christmas when you hav

Should You Invest in a Chargeback Team?
Should You Invest in a Chargeback Team?

Sertifi Blog · 6 Oct

What is a chargeback team and what do they do? Think of a chargeback team like firefighters. They hope fires never happen and aim to prevent them, bu

How to Reduce Chargebacks at Your Hotel
How to Reduce Chargebacks at Your Hotel

Sertifi Blog · 30 Sep

If you live in a cold place, one of the ways to protect yourself from the frigid temperatures is to layer up with proper clothing. While you can’t co

Conquering the Toughest Budget Season Hotels Have Ever Faced
Conquering the Toughest Budget Season Hotels Have Ever Faced

At Your Service - A Blog by INTELITY · 29 Sep

It’s difficult in any year to predict what a successful hotel budget looks like. But cliched phrases like “no one knows what the future holds” have f

Budget Season Is Here! Look Busy 👀
Budget Season Is Here! Look Busy 👀

Reknown Blog · 22 Sep

As a brutal year draws to an end, accommodation operators around the world are asking the same question: How do you plan for 2021 when so much is unk

Brush up on Government Laws Around Email
Brush up on Government Laws Around Email

Revinate Blog - Key Trends in Hospitality · 21 Sep

In lesson eleven of Revinate’s email certification course, Kristina Haga, Senior Hospitality Marketing Strategist, reviews the laws around email that

The buzz phrase you need to know this budgeting season
The buzz phrase you need to know this budgeting season

Tambourine Blog · 21 Sep

“How much should I budget for digital marketing?” It’s such a loaded question. With so many factors at play, the question can feel overwhelming. And

Evaluating hotel performance: 6 key factors
Evaluating hotel performance: 6 key factors

Ecole hôtelière de Lausanne (EHL) · 15 Sep

The clear-cut measurability of KPIs is alluring. Occupancy percentages, profit indicators, return on investment. These are the type of traditional pe

How to create a forecast plan for hotel businesses in unknown times
How to create a forecast plan for hotel businesses in unknown times

Ecole hôtelière de Lausanne (EHL) · 10 Sep

With the advent of the 'new normal', hotel owners and operators must begin considering the various financial and operational scenarios in their forec

5 Great Online Calculators to Simplify Your Life While Traveling
5 Great Online Calculators to Simplify Your Life While Traveling

Are Morch - Hotel Blogger & Social Media Manager · 6 Sep

There is no doubt that the Internet has touched every area of business and our...

PDFs and Images May Be ADA Non-Compliant Creating Risk of Lawsuits
PDFs and Images May Be ADA Non-Compliant Creating Risk of Lawsuits

Milestone Insights · 5 Sep

Milestone monitors and manages all aspects of website content and performance for its customers and the community, and compliance with federal standa

Webinar recap: Hotel Budget Planning During a Pandemic
Webinar recap: Hotel Budget Planning During a Pandemic

Milestone Insights · 2 Sep

In this webinar, Milestone experts Tammie Carlisle and Keith Brophy discussed key trends impacting travel consumers and the opportunities which still

This Month, HFTP Spotlights Members Who Have Shared What HFTP Means to Them

HFTP Connect · 31 Aug

The HFTP Connect blog features hundreds of posts that have been collected, researched, written and published for the purposes of continuing education

Budgeting for 2021: What Is the New Target?

HFTP Connect · 27 Aug

Since March of this year, the hospitality industry has been trying to figure out its new financial target — the best approach to get back on track to

How to calculate and monitor your Break-Even Point
How to calculate and monitor your Break-Even Point

Ecole hôtelière de Lausanne (EHL) · 26 Aug

As hotels begin to re-open, it is crucial that they're mindful of their Break-Even Point (BEP) to understand their cost levels and to determine what

What Is Lean Operations? | Definitions and Examples of Lean
What Is Lean Operations? | Definitions and Examples of Lean

Beekeeper Blog · 24 Aug

No matter what type of business you run, cutting costs and operating more efficiently should be a top priority. It’s called lean operations, and it’s

Top considerations for hotel balance sheets during COVID-19 and beyond
Top considerations for hotel balance sheets during COVID-19 and beyond

Ecole hôtelière de Lausanne (EHL) · 17 Aug

One of the many impacts of the ongoing COVID-19 pandemic is that it has highlighted the importance of working capital. "Cash is King" is all the more

Financial Forecasts & Budgets in Today's Environment
Financial Forecasts & Budgets in Today's Environment

IDeaS Blog · 3 Aug

With continual moving targets, shifting guidance, and volatile markets, hotel forecasting and budgeting has become borderline Sisyphean. “Forecasts”