Budgeting effectively is a challenge at the best of times, but hoteliers looking to set their 2024 budgets have to do so amid lingering uncertainty a
Just as ensuring hotel safety requires leaving no asset or process unexamined, the quest for affordable property coverage requires casting a wide net
The GCC countries’ ambitious plans for diversifying their economies away from oil and gas are gaining pace and tourism is a key focal point, due in p
As the hotel industry prepares for its annual budget planning for 2024, we’re at a critical moment where technology and financial strategy blend toge
Over the years, the fees hotel owners pay to franchise companies have typically grown at a pace greater than the rise in hotel rooms revenue. Most fr
Under the influence of international operators, hotel management methods in France and Europe have evolved, with management agreements increasingly b
You might think that getting your hotel leadership team excited about accounting is like convincing them it is fun to go to the dentist.
Buying technology systems, software and solutions for business is no easy feat. With a plethora of providers, the procurement process can become tedi
The theme for the Future Hospitality Summit (FHS) 2023, taking place from 25-27 September at Hilton Abu Dhabi Yas Island in Abu Dhabi, is ‘Focus on i
This guide is the most established publication in the industry in Asia Pacific to guide investors and owners in understanding the scale, presence, an
A few years ago, finding the three words "hospitality financial leadership” together in one sentence was not possible. I know because I tried to Goog
Over the past years, hotel companies – including brands, managers and owners – have increasingly sought the benefit of access to public markets and,
For those of us within the hotel sector, the mood can tend toward “what fresh hell is this?” Costs only ever increase. Teams only seem to decrease. A
Do you know if your hotel is performing at the highest level? Are you missing out on opportunities? Are there changes that can be made that will quic
Based on our February 2023 Hotel Horizons® report, CBRE is forecasting that total hotel revenue for the average U.S. hotel returned to pre-COVID leve
Automation can make a significant difference to businesses in the travel and hospitality sector. After all, this is a sector with a high volume of ma
You finally have a full-blown accounting policy manual in place. It has taken several months and a lot of work, but it is done. Something to be proud
London, June 16, 2023 – Europe experienced healthy hotel investment activity with €4.1 billion transacted in Q1 2023, according to global real estate
This is the third installment in a three-part series on the mega-merger between Switzerland’s two biggest banks: Credit Suisse and UBS. The repercuss
The classic model of competitive advantage is Michael Porter’s “Five Forces.” According to Porter, the existence of products outside of the realm of
According to CBRE’s February 2023 Investment Performance forecast, total revenues for the average U.S. hotel returned to 2019 levels in 2022, but the
In search of a bank loan for your restaurant? Better treat your customers well! Restaurants with good online ratings tend to have more success in sec
With recession-focused concern at the forefront of industry conversation, hotel owners and operators are dusting off contingency plans and discussing
The dreaded credit card reconciliation need not be such a big deal if we bite-size it. That is what this piece is all about: How and why you should b
The COVID-19 pandemic and the recent invasion of Ukraine are two prime examples of unanticipated shocks that have placed intense strain on companies’
Because it provides a more holistic view of the revenue generated across an entire property, more hospitality leaders are turning to TrevPAR (Total R
The Americans with Disability Act (ADA) is an important piece of legislation guaranteeing equal access to public facilities to the nearly 60 million
