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 and 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

Franco Grasso Revenue Team
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.

In Extenso Avocats
Key Hotel Lease Legal Issues in France Today

Key Hotel Lease Legal Issues in France Today
By Anne Epinat, Christopher Boinet

French hotel leases and contract law governing hotels constitute essential legal and economic stakes for a hotel business in France. The country is,

Bonus Depreciation Fading Away
Bonus Depreciation Fading Away

Bonus Depreciation Fading Away
By Walter O'Connell

Bonus Depreciation is fading away over the next 5 years. With the help of the IRS Section 179 Deduction and still powerful Bonus Depreciation, lodgin

HVS
HVS Monday Musings: Income Capitalization Approach – The Gold Standard for Valuing Hotels

HVS Monday Musings: Income Capitalization Approach – The Gold Standard for Valuing Hotels
By Anand Rai
HVS · 29 Aug

According to a recent GlobalData report, 573 deals (including mergers & acquisitions, private equity, and venture financing) were announced in the gl

What if your restaurant (or business) is threatened with a one-star Google review?
What if your restaurant (or business) is threatened with a one-star Google review?

What if your restaurant (or business) is threatened with a one-star Google review?
By Linchi Kwok
CAL Poly Pomona · 25 Aug

No matter how impeccable service a restaurant provides, chances are it will still receive negative online reviews from time to time. Recently, some t

Hotels Are Now Required to Provide Workers With Panic Buttons Under New California Law
Hotels Are Now Required to Provide Workers With Panic Buttons Under New California Law

Hotels Are Now Required to Provide Workers With Panic Buttons Under New California Law
By Parminder Batra
TraknProtect · 18 Aug

Over the last few years, numerous states and cities across the U.S. have worked to reform hotel on-property safety by implementing enhanced workplace

Global Asset Solutions
Watch Your Portion Size: How To Control Your Food and Beverage

Watch Your Portion Size: How To Control Your Food and Beverage
By Dimitris Mittas

A hotel’s food and beverage offerings can be one of the most difficult areas of the property’s operation to keep control of and, without rigorous ove

David Lund
What Hotel Brands Don’t Know – The Secret to Creating Great Financial Expertise

What Hotel Brands Don’t Know – The Secret to Creating Great Financial Expertise
By David Lund
David Lund · 15 Aug

What brands don’t know is, they can create great financial bench strength in their hotels and their owners will pay 100% of the cost. Brands also don

David Lund
Hospitality Financial Leadership – Designing Your Financial Reporting System – A Wake-Up Call

Hospitality Financial Leadership – Designing Your Financial Reporting System – A Wake-Up Call
By David Lund
David Lund · 8 Aug

Having a financial system that produces regularly scheduled information about your hotel and the direction it is going is paramount to your survival.

Global Asset Solutions
Asset Managers – Specialists Only Please

Asset Managers – Specialists Only Please
By Alex Sogno

’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

CBRE Hotels
Part 1 | Long-Run (1946-2020) Effects of Inflation on Hotel Operating Performance

Part 1 | Long-Run (1946-2020) Effects of Inflation on Hotel Operating Performance
By Jack B. Corgel
CBRE Hotels · 3 Aug

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

Global Asset Solutions
When Big Data Kicks in, is Excel Still Needed in Hotel Asset Management?

When Big Data Kicks in, is Excel Still Needed in Hotel Asset Management?
By Alex Sogno

Learn more about the pros and cons that come with both IT software and traditional spreadsheets.

CBRE Hotels
Quantifying The Franchise Relationship During COVID-19

Quantifying The Franchise Relationship During COVID-19
By Robert Mandelbaum
CBRE Hotels · 1 Aug

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

M3
What is Same-Day-Pay and Is It Here to Stay?

What is Same-Day-Pay and Is It Here to Stay?
By Haley Wolf
M3 · 29 Jul

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?

The Buzz About BirchStreet: Interview With Tech Visionary and BirchStreet CEO Brendan Reidy
The Buzz About BirchStreet: Interview With Tech Visionary and BirchStreet CEO Brendan Reidy

The Buzz About BirchStreet: Interview With Tech Visionary and BirchStreet CEO Brendan Reidy
By Alan Young

Within hospitality, it’s common for tenured leaders to wear many hats and champion new territory as they continuously cultivate and share their indus

Amadeus Hospitality
3 Steps to Consider Before Investing in New Hotel Technology

3 Steps to Consider Before Investing in New Hotel Technology
By Paul Barron
Amadeus · 18 Jul

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

David Lund
Hospitality Financial Leadership – How to Do a Breakeven Analysis Using REVPAR

Hospitality Financial Leadership – How to Do a Breakeven Analysis Using REVPAR
By David Lund
David Lund · 18 Jul

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

M3
Tips, Tricks, and Best Practices – Reducing the Risk of Fraud

Tips, Tricks, and Best Practices – Reducing the Risk of Fraud
By Scott Watson
M3 · 15 Jul

Mail-related check fraud has been rising since last August, according to the Evidence-Based Cybersecurity Research Group at Georgia State University,