JMBM Global Hospitality Group
Hotel Lawyer: FinCEN Issues Final Rule for CTA’s Beneficial Owners Reporting Requirements

Hotel Lawyer: FinCEN Issues Final Rule for CTA’s Beneficial Owners Reporting Requirements
By Vince Farhat, Alan Azar
JMBM · 25 Nov

Effective January 1, 2024, companies will have to report their beneficial owners to the U.S. Department of the Treasury’s Financial Crimes Enforcemen

European Court of Justice to clarify competition law questions for online travel agencies
European Court of Justice to clarify competition law questions for online travel agencies

European Court of Justice to clarify competition law questions for online travel agencies
By Ben Schroeter
Booking.com · 11 Nov

Online travel platforms increase choice and transparency for consumers and make it easier for hotels to reach a worldwide audience. Parity clauses, w

Hotel Currents: Economics and Hotel Financial Performance
Hotel Currents: Economics and Hotel Financial Performance

Hotel Currents: Economics and Hotel Financial Performance
By Jack B. Corgel
CBRE Hotels · 8 Nov

CBRE Hotels Research specializes in translating national and local economic conditions into measures of hospitality market and property-level financi

The 2023 Annual Budget - A Captivating Story of Intrigue and Suspense
The 2023 Annual Budget - A Captivating Story of Intrigue and Suspense

The 2023 Annual Budget - A Captivating Story of Intrigue and Suspense
By Gary Isenberg

As summer tumbles into fall, hotel asset managers are challenged with reviewing and approving annual budgets. As they analyze page after page of next

M3
The Benefits and Importance of Budgeting and Forecasting

The Benefits and Importance of Budgeting and Forecasting
By Haley Wolf
M3 · 1 Nov

Budgeting and forecasting (B&F) in the hospitality industry is critical to determine, formulate, and align short-term and long-term goals for an orga

CBRE Hotels
Controlling U.S. Hotel Utility Costs

Controlling U.S. Hotel Utility Costs
By Robert Mandelbaum, Ethan Gabany
CBRE Hotels · 1 Nov

Annual changes in U.S. hotel utility costs and in the Consumer Price Index (CPI), or inflation, have historically proven to be strongly correlated. A

Hotel Data Strategy: The First Step is Admitting There’s a Problem
Hotel Data Strategy: The First Step is Admitting There’s a Problem

Hotel Data Strategy: The First Step is Admitting There’s a Problem
By Jason Q. Freed
myDigitalOffice · 27 Oct

To best understand where the hospitality industry stands in terms of its adoption of digital tools and cloud-based solutions, it’s important to step

Hotel Data Security Update: Hotels, Hotel Owners and Employee Personal Information
Hotel Data Security Update: Hotels, Hotel Owners and Employee Personal Information

Hotel Data Security Update: Hotels, Hotel Owners and Employee Personal Information
By Robert E. Braun
JMBM · 27 Oct

Hotel operators and owners have long been focused on the privacy of the personal information they collect from guests – because of the global nature

Improve Results With an Integrated and Agile Internal Control Framework
Improve Results With an Integrated and Agile Internal Control Framework

Improve Results With an Integrated and Agile Internal Control Framework
By Neil Grammer

As the hospitality industry returns to the new normal, internal audit departments along with their corporate finance and hotel operations teams have

2022 HVS Lodging Tax Report - USA
2022 HVS Lodging Tax Report - USA

2022 HVS Lodging Tax Report - USA
By Thomas A. Hazinski, Peter J Gonzalez
HVS · 25 Oct

While the lodging industry is recovering from impacts of the COVID-19 pandemic, this twelfth annual HVS Lodging Tax Study quantifies the revenue impa

Are You Building a Tech Frankenstein?
Are You Building a Tech Frankenstein?

Are You Building a Tech Frankenstein?
By Haley Wolf
M3 · 21 Oct

Labor shortages, greater owner and investor demands, data consistency, and integrity requirements contribute to the need for best-of-suite technology

The Role of eProcurement in Sustainable Practices for the Hotel and Casino Industry
The Role of eProcurement in Sustainable Practices for the Hotel and Casino Industry

The Role of eProcurement in Sustainable Practices for the Hotel and Casino Industry
By Gareth Fraser

Over the last decade, the hospitality industry has embraced the concept of sustainable procurement. Within many hotels and Casinos, the primary purch

HVS
HVS Monday Musings: Hotel Asset Management is Essential for an Unbiased Perspective

HVS Monday Musings: Hotel Asset Management is Essential for an Unbiased Perspective
By Ajay Mehtani, Dipti Mohan
HVS · 17 Oct

The hotel industry is highly complex in nature and is extremely sensitive to economic and market dynamics. Just as the industry was emerging from the

HVS
A Review of Equity Yields and Discount Rates in a Post-COVID Environment

A Review of Equity Yields and Discount Rates in a Post-COVID Environment
By Katy Black
HVS · 13 Oct

Equity yields and discount rates remain at or below pre-COVID levels; however, rising debt costs will result in changing investor return expectations

David Lund
Hospitality Financial Leadership – What Really Counts and Why

Hospitality Financial Leadership – What Really Counts and Why
By David Lund
David Lund · 10 Oct

If you do not have all three of these metrics on your radar screen at the same time, you are flying the profit picture in your food operation with at

Where Should Hotels Start When Budgeting Tech for 2023?
Where Should Hotels Start When Budgeting Tech for 2023?

Where Should Hotels Start When Budgeting Tech for 2023?
By Steve Lapekas

For the sake of this article, let me introduce you to a hypothetical young couple who, after four years spent living together in a rented condo in th

HVS
Hotel Performance Analysis – What Is It, and How Could It Improve Your Hotel Operation?

Hotel Performance Analysis – What Is It, and How Could It Improve Your Hotel Operation?
By JoAnn M. Mulnix-Morris
HVS · 5 Oct

In the post-COVID-19 world, the hospitality industry has had to reevaluate and adjust how it does business. From shifting market segments, to redeplo

hoteloperations.com
Hotel operators got a pass, but now they’ll be held accountable for performance

Hotel operators got a pass, but now they’ll be held accountable for performance
By Josiah Mackenzie

Jarrad Evans is the Chief Investment Officer for Remington Hotels, which manages more than 120 branded and independent hotels. In his role, he works

Don’t Let This Weird Economy Throw Off Your Direct Business
Don’t Let This Weird Economy Throw Off Your Direct Business

Don’t Let This Weird Economy Throw Off Your Direct Business
By Tim Peter

It’s budget season again. Yet even after two-plus years of pandemic-forced closures, a brief recession, labor challenges, a significant (permanent?)

Conference Takeaways – The Lodging Conference 2022
Conference Takeaways – The Lodging Conference 2022

Conference Takeaways – The Lodging Conference 2022
By Rodney G. Clough
HVS · 27 Sep

The halls of the JW Marriott Desert Ridge were buzzing this week as thousands descended upon the Phoenix resort for this week’s Lodging Conference. I

HVS
HVS Monday Musings: Indian Hotel Industry Exploring the IPO Route

HVS Monday Musings: Indian Hotel Industry Exploring the IPO Route
By Mandeep S Lamba, Dipti Mohan
HVS · 26 Sep

India’s initial public offerings (IPO) market has been thriving for the past few years, and 2021 ended up being a record year with over 60 IPOs, as t

Hotel Mogel Consulting Limited
Should Hotels Complete a Reserve Fund Study

Should Hotels Complete a Reserve Fund Study
By Larry Mogelonsky, Adam Mogelonsky

One of the obligations of moving from a home to a condominium is to take your turn on the board of directors. Don’t let anyone fool you into believin

Revenue Team by Franco Grasso
How to Measure Your 2022 Hotel Profitability

How to Measure Your 2022 Hotel Profitability
By Massimiliano Terzulli

As a hotelier, you know that generating profitable earnings is the key to a successful hotel. However, understanding your profitability ratios isn’t

4 things to keep in mind when budgeting for 2023
4 things to keep in mind when budgeting for 2023

4 things to keep in mind when budgeting for 2023
By Josiah Mackenzie, David Lund

I used to think of the budgeting process as a necessary evil, but speaking with David Lund, who has 30+ years of operational and financial leadership

Part 2 | Long-run (1946-2020) Effects of Inflation on Hotel Operating Performance
Part 2 | Long-run (1946-2020) Effects of Inflation on Hotel Operating Performance

Part 2 | Long-run (1946-2020) Effects of Inflation on Hotel Operating Performance
By Jack B. Corgel
CBRE Hotels · 7 Sep

In Part 1 of this series, I highlighted that hotel property investors transact to acquire both real estate and the operating businesses with their va

Why You Need an Internal Control Review Program in Your Hotel - ICR
Why You Need an Internal Control Review Program in Your Hotel - ICR

Why You Need an Internal Control Review Program in Your Hotel - ICR
By David Lund
David Lund · 5 Sep

Here’s the scenario. You have finally got a full-blown accounting policy manual in place. It has taken several months and a lot of work, but it’s don

BirchStreet Systems
Casinos & Gaming: What Is 3-Way Matching, And Why Do You Need It For Your Hospitality Business?

Casinos & Gaming: What Is 3-Way Matching, And Why Do You Need It For Your Hospitality Business?
By Gareth Fraser

According to recent industry data, nearly 2% of a company’s invoices are duplicated, charged for the incorrect amount, or contain some form of error.