Having a financial system that produces regularly scheduled information about your hotel and the direction it is going is paramount to your survival.
’Jack of all trades, master of none’ is an English idiom which dates from Elizabethan times, when it was once used to describe Shakespeare. It is not
The recent price surge for many goods and services in the U.S. raises the prospect for an extended period of persistent high inflation. Conventional
Learn more about the pros and cons that come with both IT software and traditional spreadsheets.
In 2020, the average hotel in CBRE’s annual Trends® in the Hotel Industry survey experienced a 108 percent decline in earnings before interest, taxes
Wouldn’t it be nice if you could get paid daily for the number of hours you work, or if you could find a simple way to attract talent as an employer?
Within hospitality, it’s common for tenured leaders to wear many hats and champion new territory as they continuously cultivate and share their indus
Take a second and think back to 2019. After everything, it feels more like 30 years ago, never mind three years ago. Some studies even go so far as t
I have recently read more than one article on breakeven analysis and they all miss the mark in my books because they focus on what occupancy is neede
Mail-related check fraud has been rising since last August, according to the Evidence-Based Cybersecurity Research Group at Georgia State University,
On-the-go reporting is important for businesses to stay up to date on their data and influence growth. This technology can revolutionize the way you
An assessment of the accuracy of traditional approaches to valuing the economic contribution of convention, sports, and entertainment venues reveals
Insights about the job description and specific tasks of a Hotel Asset Manager by visiting lecturer, Heinz Wehrle. Hotel Asset Management requires a
I recently watched a documentary on fraud and why the auditors were unable to detect anything even when they were right on top of what was so obvious
Over the years, I’ve had the pleasure of meeting and sharing ideas with some of the brightest minds in hospitality. Many of these tenured professiona
Inflation is soaring in many countries due to a combination of factors such as rising fuel prices, ongoing supply disruptions, strong demand, and the
A new law that many of the affected people have never heard about becomes effective July 1, 2022. It all involves liquor licenses from the California
Here’s the harsh reality: one in three restaurants will fail within their first year of business, according to the National Restaurant Association. T
Recently on March 18, 2022, the U.S. Department of Justice (DOJ) issued a “Web Accessibility Guidance” statement for state and local governments and
With so many difficulties from the pandemic still playing out, the calendar year of 2022 for hospitality will mark a dedicated stretch of time for co
On December 31, 2021, the constant maturity, 10-year U.S. Treasury note (the 10-year) stood at 1.52 percent. The 10-year now hovers around 3.0 percen
According to the March 2022 edition of CBRE’s Hotel Horizons® national forecast report, the total revenue for a typical U.S. hotel is not expected to
High staff turnover has always been one of the biggest management challenges faced by owners and operators in the hospitality industry. But now, as t
The value of real estate can be protected and enhanced when negotiating post-closing price adjustments. After legal closing, the purchase price true-
A recent arrival from across the pond, coliving blends shared accommodation and apart-hotel services, combining communal living with amenities that c
What makes a hotel successful? The answer likely varies, depending on who you ask, and, often, guest experience receives the most attention as the ke
In our lives we are continuously evolving as people. When thought of most of the time, this evolution seems like a continuous stream of challenges to
