China outbound travel demand towards 2030
China outbound travel demand towards 2030 — By Daniel J. Voellm, Anchi Liu

AP Hospitality Advisors · 24 Nov

Rapid growth in Chinese outbound travel demand from 2003 onwards was a key driver for tourism and leisure hospitality in many parts of the world. Can this momentum be regained post-COVID to drive more hotel development?

Hospitality Financial Leadership – Top 10 List for Controlling Labor Costs
Hospitality Financial Leadership – Top 10 List for Controlling Labor Costs — By David Lund

David Lund · 22 Nov

Managing labor costs is a never-ending battle in any hotel. No wonder it adds up to on average 50 percent of the total revenue in hotels around the world. To say labor cost is important is an understatement so in this piece, I will highlight the key controls and features to make sure you are on the right track with this all-important aspect of hospitality.

Supply Chain, Inflation Frustrate Hotel Recovery
Supply Chain, Inflation Frustrate Hotel Recovery — By Rayna Katz

HotStats Limited · 17 Nov

The supply chain crunch and inflation are compounding what’s already a nettlesome recovery for hotel owners and operators.

HVS Monday Musings: Hotel Development Feels the Heat of Rising Input Costs
HVS Monday Musings: Hotel Development Feels the Heat of Rising Input Costs — By Mandeep S Lamba, Dipti Mohan

HVS · 15 Nov

The Indian hotel sector is finally breathing a sigh of relief as demand has recovered dramatically in recent months, even helping push occupancy and average rates closer to pre-pandemic levels in a few markets. However, the hotel sector, like most others, is reeling under the pressures of rising prices, affecting not only operations but also hotel development plans in the country.

New Capital and Strategies Targeting Hospitality
New Capital and Strategies Targeting Hospitality — By Brad Hoban, Daniel MacDonnell

HVS · 10 Nov

Given the significant traction in distribution of the COVID-19 vaccines throughout the United States and general international travel restrictions, leisure travel has begun to recover in 2021 and is expected to continue increasing, with Americans seeking so-called “revenge travel” to a domestic getaway. Business travel is also beginning to show signs of recovery, and some group business related to conference attendance is returning.

Hospitality Financial Leadership – How Can You Turn $250 Savings into $1 Million in Asset Value
Hospitality Financial Leadership – How Can You Turn $250 Savings into $1 Million in Asset Value — By David Lund

David Lund · 9 Nov

That’s right, your eyes and the headline are not fooling you. I learned this from a client in a backwards kind of way and now I want to share it with you. It is a powerful way to justify and prove a return on investment (ROI) for financial leadership training. I use this story as well to show my clients what they are leaving on table in the way of profits and asset value if they are not using financial leadership in their hotel.

A time for heroes: why now is the moment for hospitality asset managers to step into the spotlight
A time for heroes: why now is the moment for hospitality asset managers to step into the spotlight — By Jonathan Humphries

Glion · 3 Nov

Jonathan Humphries is a hospitality consultant and also heads the International Hotel Development and Finance Bachelor’s degree specialization at Glion Institute of Higher Education. He argues that in a fragmented, post-Covid commercial landscape the hotels which thrive will do so through constant reinvention and total flexibility in their approach to market. And who sits at the center of delivering this ‘agile state’? The asset manager.

How to prepare your hospitality business for proof of vaccination laws
How to prepare your hospitality business for proof of vaccination laws — By Harry Kazakian

USA Express Legal and Investigative Services · 1 Nov

Cities and counties continue rolling out mandates requiring many businesses to demand customers show proof of vaccination before being allowed inside. These orders, which apply to businesses where people congregate, may be easier to enforce for nightclubs, stadiums or amusement parks, because they already have security operations regularly checking IDs and providing support.

Five Tips to Tackle Hotel Costs
Five Tips to Tackle Hotel Costs — By Rayna Katz

HotStats Limited · 1 Nov

Between the rising cost of labor, decreased demand and ever-changing COVID-19 protocols, hotels have taken numerous hits to profitability. Conditions likely are going to remain challenging for some time to come, but Chris Cylke, COO of asset manager RevPAR International, has a quintet of tips for hoteliers to manage costs more effectively.

Hospitality Financial Leadership - The ROI for Financial Leadership Skills
Hospitality Financial Leadership - The ROI for Financial Leadership Skills — By David Lund

David Lund · 1 Nov

When it comes to investing in oneself many times people overlook the outcome and instead concentrate on the up-front cost. When we look at the opportunity to improve our own personal prosperity, we need to see the full picture. We need to realize in life we have a window that opens and closes on our career and its fortunes. It reminds me of a line from Shakespeare:

Shifts in Marketing Department Expenditures Reveals Changes In Tactics During Recession
Shifts in Marketing Department Expenditures Reveals Changes In Tactics During Recession — By Robert Mandelbaum

CBRE Hotels · 28 Oct

According to the 2021 edition of CBRE’s Trends® in the Hotel Industry report, total operating revenue for the average hotel in the sample declined by 62.2 percent from 2019 to 2020. This is by far the greatest decline in revenue recorded during the 84-year history of the Trends® survey. For reference purposes, operating revenues declined by 18.4 percent during the Great Recession in 2009.

Hospitality Financial Leadership - New Deal Between Hotel Owners and Brands that Manage Hotels
Hospitality Financial Leadership - New Deal Between Hotel Owners and Brands that Manage Hotels — By David Lund

David Lund · 25 Oct

A lot has been speculated about what could and should change because of the pandemic. There is one aspect of the hotel business that desperately needs to change and the Covid crisis is not to blame. However, it will most certainly speed things up.

5 Recession Lessons Hotels should Remember in 2022
5 Recession Lessons Hotels should Remember in 2022 — By Melissa Rodrigues

GuestCentric Systems · 20 Oct

Prior to March 2020, the tourism industry was booming worldwide. Hotels benefited from year-on-year growth in tourism and the continuous onslaught of guests during peak holiday seasons. As hotel business thrived, no one gave much thought to where their revenue was coming from, considered long-term investments, or clearly understood the implications to profitability.

Hospitality Financial Leadership – Money Never Looks After Itself
Hospitality Financial Leadership – Money Never Looks After Itself — By David Lund

David Lund · 11 Oct

I do not know about your experience, but for me growing up in the hotel world, and especially my first decade working in F&B and rooms, the adage, “Look after the guests and the money will look after itself,” was literally beat into my head.

Hotels Owners Interested in Interest
Hotels Owners Interested in Interest — By Robert Mandelbaum, Mark K. Owens

CBRE Hotels · 1 Oct

Hotels Owners Interested in Interest To analyze the impact that declining EBITDA levels had on the ability of hotel owners to pay their interest expense, CBRE studied a sample of 1,121 hotels that reported interest payments in their operating statements for the years 2019 and 2020.

Business Travel- Lagging? Hotels can use these SMART Strategies to Retain Business Travelers
Business Travel- Lagging? Hotels can use these SMART Strategies to Retain Business Travelers — By Jefrey Walter

Jefrey Walter · 28 Sep

Leisure travel is booming, whereas business travel is lagging! The vaccine rollout has made it possible for the global hospitality industry to get back on track where leisure travelers are flying in numbers and thereby allowing more countries to open for travel. The total domestic revenues for paid accommodations are forecasted to reach $213.5 billion in 2021, a 53.3% increase over 2020.

Here’s What It’s Like to Renovate a Hotel Amid a Pandemic
Here’s What It’s Like to Renovate a Hotel Amid a Pandemic — By Rayna Katz

HotStats Limited · 27 Sep

Overseeing a large hotel renovation is no easy feat. Complicating matters: a pandemic.

The Road Ahead for Hotels in 2022 and Beyond
The Road Ahead for Hotels in 2022 and Beyond — By Bob Rauch

R.A. Rauch & Associates, Inc. · 23 Sep

Before we jump into 2022 plans, please take the quick survey/debate above of how you view the business and feel free to opine on why. Answers will appear on sided.co and on the hotelguru.com website.

It’s Time for Hotel Finance Teams to Re-Evaluate their Budget ‘Drivers’
It’s Time for Hotel Finance Teams to Re-Evaluate their Budget ‘Drivers’ — By Jill Wilder

Aptech · 14 Sep

As we are all aware, budgeting for 2022 will present some challenges. Without a crystal ball we are going to need to use our knowledge to form new ways to plan for our future. While historical drivers helped hoteliers in previous years with their future planning, it’s a whole new ballgame today, as the very way a hotel operates is radically different from even a year ago. As in the past, just comparing departmental profits from previous months is just one piece of the puzzle. To have better, more accurate budgeting numbers for the year ahead, hoteliers need to re-evaluate their drivers and establish a new baseline data set.

Hospitality Financial Leadership – Critical Importance of Accruals and Deferrals
Hospitality Financial Leadership – Critical Importance of Accruals and Deferrals — By David Lund

David Lund · 30 Aug

A lot gets written about certain things in the hotel industry and others not so much as a mention. I am not saying it is simply a matter of blatant favoritism or anything like that but it is not lost on me that certain items get the limelight. In this piece, I am going to shine a light on two of the hotel team’s third-line mainstays. This pair keeps us on track month after month and they need a little more respect.

Will That Be Cash, Card or Crypto for Your Booking?
Will That Be Cash, Card or Crypto for Your Booking? — By Larry Mogelonsky

Hotel Mogel Consulting Limited · 23 Aug

The first half of 2021 saw cryptocurrencies go from theoretical speculation amongst circles of computer geeks to a popular dinner conversation topic with a much more diversified pool of investors. Whether you deem this asset class as viable over the long-term or the purest form of bubble just waiting to burst, the sheer growth alone dictates that this is not a monetary system you can ignore any longer.

Why It’s Time for Hotels to Prioritize Long-Term Controlled Spending
Why It’s Time for Hotels to Prioritize Long-Term Controlled Spending — By Ryan Hamilton

SalesAndCatering.com, LLC · 17 Aug

After the year that was 2020, 2021 seems to be a period defined by cautious optimism. A world on the precipice of a long-awaited reopening, with a predicted surge of social and economic activity ready to shift our respective communities from the ‘new’ normal to the normal we once knew. The desire for this return is palpable and warranted, but we must acknowledge that much still remains uncertain in that same breath. Our attention is fixed on the future, but what does that future hold from an economic perspective? More importantly, what is the most fiscal path forward for businesses – especially those in sectors that were severely shuttered by the pandemic, like hospitality?

The Recipe For Hotel Food And Beverage Profitability
The Recipe For Hotel Food And Beverage Profitability — By Guy Maisnik

JMBM · 6 Aug

Getting the alchemy just right for food and beverage service in a hotel is challenging, but necessary if the hotel is to be successful.

Labor Cost Trends in 2020
Labor Cost Trends in 2020 — By Robert Mandelbaum, David W. Heath

CBRE Hotels · 2 Aug

Based on CBRE’s survey of monthly operating performance, U.S. hotels experienced a 58 percent decline in total hotel revenues from 2019 to 2020. This resulted in a decrease of 78 percent in profits at the Gross Operating Profit (GOP) level, along with a 107 percent fall off in Earnings Before Interest, Taxes, Depreciation, and Amortization.

ALIS Conference Perspectives
ALIS Conference Perspectives — By Rodney G. Clough

HVS · 2 Aug

The ALIS Conference came and went this week, bringing Downtown L.A. hotels to life with optimism and hope that normal for the hotel industry is coming in the not-too-distant future. Here are some collective takeaways from our team that was in attendance.

Future-Proofing UK Hotels
Future-Proofing UK Hotels — By Malcolm Kerr

Horwath · 28 Jul

Malcolm Kerr, Managing Director of Horwath HTL UK has been talking to prominent executives and advisors to get their perspective on the major challenges facing owners and how they are preparing for an uncertain future.