Effective January 1, 2024, companies will have to report their beneficial owners to the U.S. Department of the Treasury’s Financial Crimes Enforcemen
Online travel platforms increase choice and transparency for consumers and make it easier for hotels to reach a worldwide audience. Parity clauses, w
CBRE Hotels Research specializes in translating national and local economic conditions into measures of hospitality market and property-level financi
As summer tumbles into fall, hotel asset managers are challenged with reviewing and approving annual budgets. As they analyze page after page of next
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
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
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 operators and owners have long been focused on the privacy of the personal information they collect from guests – because of the global nature
As the hospitality industry returns to the new normal, internal audit departments along with their corporate finance and hotel operations teams have
While the lodging industry is recovering from impacts of the COVID-19 pandemic, this twelfth annual HVS Lodging Tax Study quantifies the revenue impa
Labor shortages, greater owner and investor demands, data consistency, and integrity requirements contribute to the need for best-of-suite technology
Over the last decade, the hospitality industry has embraced the concept of sustainable procurement. Within many hotels and Casinos, the primary purch
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
Equity yields and discount rates remain at or below pre-COVID levels; however, rising debt costs will result in changing investor return expectations
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
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
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
Jarrad Evans is the Chief Investment Officer for Remington Hotels, which manages more than 120 branded and independent hotels. In his role, he works
It’s budget season again. Yet even after two-plus years of pandemic-forced closures, a brief recession, labor challenges, a significant (permanent?)
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
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
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
As a hotelier, you know that generating profitable earnings is the key to a successful hotel. However, understanding your profitability ratios isn’t
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
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
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
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.
