Highest Achieving 2017 prize-winning Hospitality Financial Management and Revenue Management learners named by HOSPA.
HOSPA - 12 December 2017
The winners are the learners who achieved the highest grades during their studies in Financial Management and Revenue Management with HOSPA on courses completed in February 2017 and August 2017.The HOSPA courses provide the skills and knowledge for those hospitality professionals seeking to excel in their careers in hospitality finance or revenue management.With both introductory and advanced levels available, the modules have been specifically written for the hospitality sector by specialist educators and industry-leaders and reflect the need for learners to be continuing in full-time work whilst studying. The Financial Management programme is studied in three separate stages over 18 months. The Revenue Management programme is offered in three separate levels, each taking five months to complete.The 2017 HOSPA Professional Development Learner Award Winners are as follows:Financial Management prize winners, completed in February 2017 were:Stage 1 - Introduction to Financial Accounting: Monika Hyde, Management Accounts Assistant, Quay Hotel & Spa, Deganwy, WalesStage 2 - Operational Management Accounting: Natalia Zaremba, Assistant Financial Controller, Renaissance Hotel, ParisStage 3 - Strategic Management Accounting: Matthew Bennett, Financial Controller, The Derbyshire Hotel, Alfreton, DerbyshireFinancial Management prize winners, completed in August 2017 were:Stage 1 - Introduction to Financial Accounting: Emalyn Gretton, formerly Accounts Assistant, Jurys Inns; now at DS Smith Packaging Services Ltd., BristolStage 2 - Operational Management Accounting: Monika Hyde, Management Accounts Assistant, Quay Hotel & Spa, Deganwy, WalesStage 3 - Strategic Management Accounting: Ketan Bhakta, Finance Graduate Manager, Jurys Inns, BirminghamRevenue Management prize winners, completed in February 2017 were:Level 1: Introduction to Revenue Management:David Clancy, General Manager, Leonardo Edinburgh Capital Hotel, EdinburghLevel 2: Operational Revenue Management: Sam Jennings, Key Market Revenue Manager - South West, Whitbread - Premier Inn, Luton, BedfordshireLevel 3:Strategic Revenue Management: Diane Little, Assistant Cluster Rooms Revenue Manager, Principal Hotels, EdinburghRevenue Management prize winners, completed in August 2017 were:Level 1: Introduction to Revenue Management: Miriam Waldmeyer, Revenue Centre Manager, Royal Lancaster London Hotel, LondonLevel 2: Operational Revenue Management: Henry Rouse, Revenue Manager, Hoseasons, Lowestoft, SuffolkLevel 3: Strategic Revenue Management: Sam Jennings, Key Market Revenue Manager - South West, Whitbread - Premier Inn, Luton, BedfordshireCash prizes and certificates will be presented to the winners at the HOSPA Annual Learner Awards Ceremony, a stand-alone celebration dedicated to their achievements. The event will be held on 25 January 2018 at the Hilton on Park Lane, London, commencing at 2pm. Prior to the Awards Ceremony itself, the afternoon's proceedings will start with a Panel Debate - chaired by Professor Peter Jones MBE, Chairman of the HOSPA Professional Development Committee - discussing the education needs and recruitment of hospitality finance and revenue managers.In addition to the presentations to the award winners already named, the prestigious 'Overall HOSPA Learner of the Year Award Winners 2017' - for the Professional Development programmes in Financial Management and Revenue Management - will be announced at the Ceremony and presented with their special prizes. The two top awards are based on the highest combined course work and examination results, recorded in the 2017 HOSPA Financial Management and Revenue Management courses.The association will also recognise two organisations for their commitment to education in the fields of Revenue Management and Financial Management.Commenting on the HOSPA Annual Learner Awards Ceremony, the Association's Head of Professional Development Debra Adams said: "We are delighted to be returning to the Hilton Park Lane to celebrate the achievements of our highest performing learners on the HOSPA Professional Development Programmes during 2017."Congratulations go to all our learners and prize winners, who have successfully completed each stage of their Financial Management and Revenue Management studies over the last eighteen months. We are very proud of their achievements which have been gained whilst working in demanding and fulfilling roles in the hospitality industry."During 2017, we have been pleased to welcome more and more learners to our Revenue Management courses. A further development to strengthen our commitment to this important function in the hospitality sector has been the release of our updated Revenue Management ebook which provides an invaluable introduction to the world of Revenue Management and how it can be used in the hospitality industry."To attend the HOSPA Annual Learner Awards Ceremony on 25 January, tickets cost PS50 per person. For bookings, email: email@example.comThe deadline date for enrolment for the next intake is 1 March 2018 - for both the Financial Management and Revenue Management programmes. Both courses are available at three levels - Introductory, Operational and Strategic - each at a cost of PS820 (ex VAT). For further information, visit: www.hospa.org/education; or email: firstname.lastname@example.org .
HOSPA elects new Chairmen for its Hospitality Finance, Revenue Management and IT Community Committees
HOSPA - 11 December 2017
David Nicolson, Vice President Finance - Europe, Jumeirah Group, is the newly elected Chair of the HOSPA Finance Community Committee. Former Deputy Chair of the HOSPA Finance Community Committee, David has taken over from Paul Nisbett, Finance Director Valor Hospitality Europe, who has stepped down from the voluntary role following three productive years at the helm.The new Deputy Chair of the HOSPA Finance Community Committee is Dr. Roberto Amodei, Area Director of Finance UK & Ireland, Hyatt Hotels Corporation.Commenting on his appointment, Nicolson said: "This is a fantastic opportunity to work with fellow members of the HOSPA Finance Community. I look forward to working closely with them and sharing best practice with our HOSPA members."Ally Dombey-Northfield, Director, Revenue by Design, has been elected the new Chair of HOSPA's Revenue Management Community Committee. She replaces Michael Heyward, Managing Director, Heyward Hospitality Solutions, who has done much to increase the active involvement of the committee for the good of the Association and the industry over the past two years. The new Deputy Chair of the HOSPA Revenue Management Community Committee is Ben Chapman, Commercial Director, Strand Palace Hotel, London.Commenting on her election, Ally Dombey-Northfield said: "The aim is to continue the excellent progress made with the HOSPA Revenue Management educational program, and to further develop the involvement of the revenue management community outside of London. We have made some inroads in engaging an extended community over the past year through events in Birmingham, and previously Manchester; now is the time to build upon those efforts."David Derbyshire - Director IT Service Delivery, EMEA (Europe, Middle East and Africa) Field Technology Services, Hilton Worldwide - is the newly elected Chair of the HOSPA IT Community Committee. He succeeds Bryan Steele, Managing Director of Jireh-Tek, who has relinquished the voluntary role after six years of dedicated service and commitment.Commenting on his appointment, David Derbyshire said: "I am really excited to be taking a lead role on the HOSPA IT Committee, in partnership with our new Deputy Chair of the HOSPA IT Community Committee David Pryde, Head of IT, Strand Palace Hotel, London."During my tenure as Chair, I would like our HOSPA IT Community to widen its partnership with the Association's Finance and Revenue Management Communities, as well as broaden the scope of HOSPA's industry connections to a greater section of the hospitality industry. This would go beyond hotels and technology providers, to other industry segments such as foodservice and recreation. I'd also like our HOSPA IT Committee to further develop the IT qualification pathway."HOSPA Chief Executive Jane Pendlebury said: "We are delighted and greatly honoured that three such respected leaders within their respective HOSPA disciplines as David Nicolson, Ally Dombey-Northfield and David Derbyshire, have seen their way to taking on these vitally important responsibilities. They bring with them a wealth of experience and knowledge that will prove invaluable in keeping HOSPA members abreast of the latest trends and issues in hospitality finance, revenue management and IT. Also a big welcome to our three new HOSPA committee deputy chairs."Words cannot adequately express our gratitude to Paul Nisbett, Michael Heyward and Bryan Steele for their commitment to HOSPA and the immense contributions they've respectively made to the success of HOSPA's Finance, Revenue Management and IT Communities. Indeed, Bryan was our very first IT Community Committee Chair following the rebranding of BAHA as HOSPA in 2011, and the creation of our core IT, Finance and Revenue Management Communities."I am also very pleased to announce that Michael Heyward is staying on the HOSPA Board in the newly created role of HOSPA Ambassador for the UK regions outside London."
Hotel Online - 7 December 2017
RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that it has expanded its relationship with Interstate Hotels and Resorts (“Interstate”) in connection with White Lodging’s sale of management contracts to Interstate. The transaction is expected to close on or about January 31, 2018. The terms of the original White Lodging contracts will remain in effect.
Adria Hotel Forum - 7 December 2017
The Adria Hotel Forum's goal is to emphasize communication and exchange of viewpoints as well as the presentation of worldwide examples that have ensured tourism development within their respective regions. The forum is envisioned as a group of selected industry participants who can bring important and necessary structural changes with their actions.Among others, our AHF2018 panelists are:Christian Giraud (Senior Vice President Development Europe, Accor Hotels) is in charge as SVP Development Europe for the development in about 30 countries, in which AccorHotels opens in average more than 100 hotels per year.Keith Evans (Vice President Hotel Acquisitions, Starwood Capital Europe) has significant cross border experience around the globe in hotel acquisitions, development, asset management, fund raising and divestments.Otmar Michaeler (Chief Executive Officer, Falkensteiner Michaeler Tourism Group AG) is also President of the Sudtiroler Volksbank, Managing Partner of FMTG and Managing Partner of Michaeler&Partner.Damian Harrington (Director, Head of EMEA Research, Colliers International) recent work includes Colliers' Cities of Influence study, which examines how major European economic hubs are positioned to face the demands of a modern, tech-driven economy.International companies have expressed their support to AHF due to high quality and development level. Our partners are: Falkensteiner Michaeler Tourism Group AG, Hilton Worldwide, Accor Hotels/ Orbis Group, InterContinental Group, Colliers International, STR, and many others. Until now AHF has gathered more than 1500 attendees, 200 panelists, 90 round-table discussion sand presentations, and more than 140 partners.More information about AHF can be found here.
Lodging Magazine - 4 December 2017
“We applaud Majority Leader McConnell, Finance Committee Chairman Hatch and all Senators who voted in support of this critical tax reform legislation that will benefit American families and businesses, create more jobs, and grow the economy,” said AHLA president and CEO Katherine Lugar. “This legislation is key for the industry’s small businesses in particular. Three out of every five hotels are small businesses, and many jobs in local communities are dependent on a thriving hotel and tourism sector. Not only will small business owners benefit, but so will their employees and guests, strengthening the industry and the overall economy. We look forward to seeing tax reform signed into law that will have benefits far beyond our industry.”
AH&LA - 1 December 2017
WASHINGTON, D.C. -- Innovation and e-commerce leaders from hotels across the country, led by the American Hotel & Lodging Association (AHLA), will convene on Capitol Hill today to educate lawmakers about innovation in the hotel and lodging industry and how to best protect consumers against online hotel booking scams.The hotel industry has been a leader in the evolving digital landscape for decades and were among the first to move products to the online space. Indeed, hotel businesses now make up 15 percent of all U.S. e-commerce, with 500 online bookings happening every minute."I am proud of the digital innovations in our industry, which make booking vacations and business trips easier than ever," said Katherine Lugar, president and CEO of AHLA. "Our companies - big and small - are focused on providing guests with an exceptional experience, from the moment they begin their booking process to well after they leave the hotel. And we continue to make exciting advancements as part of our commitment to continuously improve the guest experience."These advances include investments in new tools and technologies to meet consumer demands, from more efficient and transparent booking processes to mobile apps that allow you to choose and even unlock your room. But steady growth of online hotel bookings has also led to an increase in deceptive websites that mislead and defraud consumers."Unfortunately, with new technology and innovation come deceptive and misleading practices. That's why we are working with Congress and the Federal Trade Commission to help protect consumers and make it harder for fraudulent booking sites to exist," said Lugar.Every day, millions of consumers are misled into making reservations through fraudulent websites that give the appearance of being connected to a hotel, when in fact they have no relation. These deceptive practices cost consumers $3.9 billion in unexpected or hidden fees, lost or cancelled reservations and lost refunds.Consolidation of online travel sites is also confusing consumers. A study commissioned by AHLA earlier this year found that 74 percent of consumers are unaware that when they comparison shop among online travel websites such as Trivago, Kayak, and Hotels.com, they are actually comparing just two companies: Expedia and Priceline. Together, these two companies control 95 percent of the online travel market.The hotel industry is also urging Members of Congress to support the Stop Online Booking Scams Act (SOBSA) of 2017 (S.1164/H.R.2495), a bill that would protect consumers by increasing the transparency and security of the online booking process.The SOBSA Act would require third-party booking sites to have continuous, prominent notification that they are not the hotel's website before a consumer's credit card is charged. The legislation also empowers state attorneys general to pursue restitution on behalf of consumers who have been scammed and are seeking financial compensation. The bill was introduced by Senators Steve Daines (R-MT), Bill Nelson (D-FL), Deb Fischer (R-NE) and Amy Klobuchar (D-MN), and Representatives Lois Frankel (D-FL), Ileana Ros-Lehtinen (R-FL) and Peter Welch (D-VT). There are currently more than 30 bipartisan cosponsors: Senate sponsors and House sponsors."Booking scams and misleading marketing practices are a huge burden for consumers. We're asking more Members of Congress to join in co-sponsoring this bill, to help protect consumers from scams and ensure the best possible travel experience," said Lugar.To learn more about how to spot scams, visit www.ahla.com/searchsmarter.
Adria Hotel Forum - 23 November 2017
Adria Hotel Forum is the leading Southeast European hotel investment conference held every year in Zagreb, Croatia and visited by international and regional hotel industry experts. The sixth edition of Adria Hotel Forum (AHF) will be held on February 14th and 15th 2018. in Sheraton hotel in Zagreb on the following theme: OUR OWN RESPONSIBILITYIt is related to the geopolitical situation in Europe and the main questions: Are we managing growth or is it "happening" to us? And are we competitive?On the subject of these two important issues, as well as other topics like: Facing the challenge of human capital shortage, the latest Investors' strategies, Comparison on hotel market in the region, Hospitality trends and what are the global players doing to face them, What are new products which are expanding successfully, we will be discussing in February in Zagreb.In one place, AHF gathers all the relevant actors including international experts, presidents and members of the boards of the largest regional and global hotel companies, ministers, investors, institutional representatives, financial institutions, consultants, architects, lawyers and other experts. Until now AHF has gathered more than 1500 attendees, 200 panelists, 90 round-table discussion sand presentations, and more than 140 partners.Panelists are, among others, representatives of the largest international hotel and affiliated companies such as: Accor Hotels, InterContinental Group, Hyatt International, Hilton Worldwide, Marriott International, Colliers International, HVS, Delta Group, GIHE, STR Global and many others.Organizing committee of Adria Hotel Forum 2018 are Takuya Aoyama, Vice President Acquisitions & Development with Hyatt International; Dirk Bakker, Head of EMEA Hotels at Colliers International; Sanja Cizmar, Senior Partner at Hotel & Destination Consulting; Kristian Sustar, Member of the Board of HUP Zagreb, and Marina Franolic, organizer of Adria Hotel Forum.
Hotel Online - 22 November 2017
By Larry Mogelonsky, MBA, P. Eng. (www.hotelmogel.com) Converting to LED lighting is a standard practice these days with numerous benefits beginning with energy savings and reduced unit costs. And unlike the curlicue CFCs and other traditional filament bulb predecessors, LEDs now offer a myriad of variations. One of the experts in this field is Douglas Schwartz, the CEO of Planet Awaken (www.planetawaken.com), a worldwide leader in municipal and large-scale installations. In looking to convert my own home to LED lighting, I contacted him for some advice. Our conversation quickly turned away from unit cost or specific manufacturer and onto optimal color temperature, so much so that I arranged for a formal interview so that I could convey his full thoughts on one prominent side effect of LED conversions. According to Schwartz, there are two key parameters when addressing lighting color: temperature and accuracy. Color temperature is described as a method of describing the hue characteris
Hotel Online - 21 November 2017
JMBM's ADA Compliance and Defense team, led by my partner Marty Orlick, continues to help hotels and other businesses achieve compliance under the Americans With Disabilities Act (ADA), and is actively defending numerous ADA lawsuits brought against our clients. Today, he shares one of the stranger tales of serial ADA litigation and describes how the judicial system in New Mexico stopped the plaintiff and her lawyer from filing frivolous and malicious ADA lawsuits. New Mexico Judge Dismisses 99 ADA Lawsuits as Fraudulent and Malicious Entertains Sanction Motions by Martin H. Orlick, Chair, JMBM's ADA Compliance & Defense Group On October 26, 2017, a judge dismissed 99 ADA lawsuits, ordered an in forma pauperis plaintiff (a person without funds to pursue the cost of a lawsuit) to pay filing fees of $38,300 and authorized the defendants to file fee and sanction motions.
HFTP - 21 November 2017
Hospitality Financial and Technology Professionals (HFTP) offers two certification programs that are globally recognized for setting industry standards for hospitality finance and technology professionals: Certified Hospitality Accountant Executive (CHAE) and Certified Hospitality Technology Professional (CHTP). These certification programs have been named a requirement for information technology and accounting employees at Rosewood Hotel Group, Two Roads Hospitality and Accorhotels Group - which operate Fairmont branded hotels.Accorhotels Group recently followed suit with Rosewood and Two Roads Hospitality by not only having their employees become a member of HFTP, but also requiring their group to become CHAE certified. In 2016, Rosewood Hotel Group set the requirement for its information technology staff to become CHTP certified - this was the first group certification HFTP coordinated."Hospitality professionals recognize the importance of committing to continuing education in order to comply with evolving industry practices," said HFTP CEO Frank Wolfe. "Group certification allows organizations to match industry experience with essential hospitality knowledge. Hospitality certification helps professionals elevate their knowledge and career path, leading to higher salaries and increased job opportunities."HFTP offers the only designations for finance and technology professionals who are working in the hospitality industry. Both the CHAE and CHTP designations require professionals to sit for an initial competency exam, and complete continuing education credits for each renewal cycle. Qualification for the exams is based on level of education and experience in the industry; student programs are also available.For more information about HFTP's certification programs, contact HFTP Certification Manager Robin Bogdon at email@example.com or visit www.hftp.org. For immediate information, visit the FAQ pages for both CHTP and CHAE certifications. For the latest news, follow HFTP on HFTP News, Facebook, LinkedIn, Twitter (@HFTP), Instagram (HFTP_HITEC), Flickr and YouTube.About HFTP Hospitality Financial and Technology Professionals (HFTP) established in 1952, is an international, nonprofit association, headquartered in Austin, Texas, USA, with offices in Hong Kong, United Kingdom and the Netherlands. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with members and stakeholders spanning across the globe. HFTP uniquely understands the industry's pressing issues and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. It does this via its expert networks, research, certification programs, information resources and conferences/events such as HITEC. HFTP also owns the world's only hospitality-specific search engine, PineappleSearch.com. For more information about HFTP, email firstname.lastname@example.org or download the HFTP/HITEC media kit via the HFTP website. Read industry updates on the suite of HFTP hospitality news sites: HITEC Bytes, Club Bytes, Finance Bytes and HFTP News.
In Extenso Avocats, a subsidiary of the DELOITTE Group - 20 November 2017
Confidence strengthens among Europe's business leaders, with uncertainty decreasing.Outlook improves for revenue growth, hiring and capital spending.Euro area CFOs bolder than non-euro area counterparts.Business leaders across Europe are more optimistic than they were six months ago and the outlook for revenue growth, hiring and capital spending is improving, according to Deloitte's latest European CFO Survey.Deloitte has collated the results of surveys run by its member firms in 19 European countries for the Q3 2017 European CFO Survey, giving the views of 1,546 CFOs.Optimism and revenue expectations brighten43% of Europe's CFOs say they are more optimistic about the prospects for their company than they were three months ago, up from 38% in Q1's survey. Just 11% say they are less optimistic, down from 13%. Optimism is highest in France, with 78% of CFOs more positive, and lowest in the Netherlands with 23% more optimistic.46% of CFOs in euro area economies say they are more optimistic, compared to 38% in non-euro countries.69% of CFOs are confident that their firm will increase revenues over the next 12 months. 73% of CFOs in euro area countries predict revenue growth, compared to 63% in non-euro countries. CFOs in Belgium are the most optimistic about revenues, with 95% predicting growth, while CFOs in Denmark are the least positive, with just 47% expecting growth.Uncertainties ease52% of European CFOs say there is a high level of financial and economic uncertainty, down from 61% in Q1. The level of overall uncertainty is its lowest since the launch of the European CFO Survey in Q1 2015.CFOs in the UK have the highest reading on perceptions of uncertainty, with 85%, while CFOs in Austria had the lowest.Perceptions of uncertainty are higher in non-euro counties, with 57% reporting high uncertainty, versus 49% in the euro area.Risk appetite unchanged33% of European CFOs say now is a good time to take greater risks onto their balance sheets, unchanged from Q1's survey. Just 14% of CFOs in Turkey are willing to take on greater risk, the lowest across the 19 countries, compared to 63% in Finland, the highest. 36% of CFOs in euro area countries say now is a good time to take on risk, compared to 28% in non-euro countries.Improving outlook for capex and hiring42% forecast an increase in capital spending in the next 12 months, up from 40% in Q1. 49% of the CFOs in euro area countries plan to increase spending, versus 31% in non-euro countries. 58% of CFOs in Ireland say they plan to increase capex, the highest, compared to just 22% in the UK.38% of CFOs say they plan to increase employee numbers in the next 12 months, up from 34% in Q1. 74% of CFOs in Belgium plan to increase job numbers, the highest across the 19 countries, with just 12% of CFOs in the UK set to increase hiring, the lowest. 38% of CFOs in euro area countries plan to increase hiring, compared to 27% in non-euro countries.CFOs focusing on expansionEurope's CFOs are shifting to more expansionary business strategies. Expansionary strategies outnumber defensive measures in 11 of the 19 countries surveyed, compared to eight of 19 in Q1. Similarly a defensive measure is the top corporate priority in only eight countries, down from 11.CFOs see risks closer to homeCFOs are less concerned about external risks, and are increasingly focused on local factors affecting their operations. A shortage of skilled labour is cited as a top three risk by CFOs in seven countries, up from four in Q1, and labour costs feature for the first time as a top three risk in two countries. Meanwhile, geopolitical uncertainty features among the top three risks in seven countries, down from ten in Q1.Interest rate rises expected but minimal impact on strategy57% of Europe's CFOs say they expect interest rates to rise in their countries over the next 12 months. However, 50% say that any change in interest rates would not lead them to alter their corporate strategies with only small proportions planning measures such as reducing leverage (9%), re-evaluating investment plans (8%) or reducing debt (8%).Ian Stewart, chief economist at Deloitte, said:"Buoyed by stronger growth and improving consumer confidence, CFOs across Europe are more optimistic about the outlook for their companies and preparing to increase hiring and spending. This is particularly prominent in euro area countries, with higher levels of optimism, risk appetite and willingness to invest than their counterparts outside the currency bloc."David Sproul, senior partner and chief executive, Deloitte North West Europe, said:"Europe's CFOs sense a lower level of uncertainty and perceptions of markets are normalising. This is helping CFOs plan for more expansionary strategies and refocus on addressing longer term challenges, with issues such as skills and digitisation moving back up the agenda."
Hotel Online - 17 November 2017
Booking.com, the Netherlands-based travel fare aggregator website, has resumed illegal hotel reservations in Azerbaijan's occupied territories, spokesperson for Azerbaijan's Foreign Ministry Hikmat Hajiyev told Trend Nov.17. He noted that previously after a serious protest from Azerbaijan's Ministry of Foreign Affairs and Ministry of Culture and Tourism, Booking.com stopped making illegal hotel reservations in the Azerbaijani territories occupied by Armenia.
HFTP - 16 November 2017
The leaders of Hospitality Financial and Technology Professionals (HFTP) used its inaugural HITEC Dubai to announce an extensive global research project today that will provide guidance on the state of the industry; provide existing industry stakeholders with additional resources, and enrich the association's understanding of financial and technology trends that will shape the industry's future."HFTP has just celebrated its 65th anniversary as a not for profit association, and our leadership intends to offer this foundation and provide a platform for the industry to build upon," said Frank Wolfe, HFTP CEO. "HFTP is in a decisive position where it seeks to develop the resources and benefits that best serve the current and future industry. HFTP continues to hear from its stakeholders that as the steward of finance and technology in hospitality, there is an opportunity to optimize the resources being provided to the industry."The survey will measure the value that stakeholders are receiving from the industry today and seek feedback on areas of professional development, research and resources that are unfulfilled within the hospitality finance and technology arena. Currently in development, the survey will be distributed the first week of December industry wide."Participation from a large sample of HFTP's stakeholders in this survey is imperative to help the association draw a representative picture of industry professionals," said Wolfe. "HFTP, a nonprofit association, serves to provide resources that benefit the industry, and survey responses are going to guide the association to serve those needs."Upon the completion of the survey, a complete analysis of the data will be completed by Forrester's expert consultants. These will serve as guidance for the HFTP Global Board to make key strategic decisions for the association. Forrester is one of the most influential research and advisory firms in the world. Through proprietary research, data, custom consulting, exclusive executive peer groups, and events, the Forrester experience is about a singular and powerful purpose: to challenge the thinking of its clients to help them lead change in their organizations.Contact HFTP Executive Services Administrator Millicent Gustafson (Millicent.Gustafson@hftp.org) for more information. For the latest news, follow HFTP on HFTP News, Facebook, LinkedIn, Twitter (@HFTP), Instagram (HFTP_HITEC), Flickr and YouTube.About HFTP Hospitality Financial and Technology Professionals (HFTP) established in 1952, is an international, nonprofit association, headquartered in Austin, Texas, USA, with offices in Hong Kong, United Kingdom and the Netherlands. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with members and stakeholders spanning across the globe. HFTP uniquely understands the industry's pressing issues and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. It does this via its expert networks, research, certification programs, information resources and conferences/events such as HITEC. HFTP also owns the world's only hospitality-specific search engine, PineappleSearch.com. For more information about HFTP, email email@example.com or download the HFTP/HITEC media kit via the HFTP website. Read industry updates on the suite of HFTP hospitality news sites: HITEC Bytes, Club Bytes, Finance Bytes and HFTP News.
TOPHOTELPROJECTS - 15 November 2017
New York Attorney General Eric Schneiderman said that the Hilton Domestic Operating Company, which was formerly known as Hilton Worldwide, will pay the $700,000 in order to recompense for failing in its duty, instead of just simply having poor security in the first place. This is largely connected to the company having taken too long to inform customers that the breaches had occurred.State Level InvestigationsThe investigation into these breaches, which was conducted at the state level by authorities in Vermont and New York, analyzed the two incidents, coming to the conclusion that "Hilton did not provide customers with timely notice and did not maintain reasonable data security," according to the Attorney General's office.A spokeswoman for Hilton has said that the company cooperated fully with all law enforcement agencies and then took steps to wipe out malware that targeted customers' card information. The penalty will be divided between the states of New York and Vermont. The consumers that were affected by the breaches and may have had their sensitive information compromised will not see any of the money that Hilton is paying in the settlement. The settlement also requires Hilton to now provide immediate notice to customers affected by any future data breaches, and the company must also create a security program for internal security audits to take place. They must also work to safeguard against another recurrence, and have an employee placed in charge of a cybersecurity defense program. Their attorneys generals agreed the settlement with the company, which operates properties under a list of brands that include Waldorf Astoria, Conrad Hotels and DoubleTree, in addition to the Hilton name itself. A full overview of the hotel group Hilton Worldwide, the brands it manages and hotel projects currently under construction can be found on the TOPHOTELPROJECTS database.2017: the year of cyber breachesThis has been a year of high profile cyber breaches throughout the United States, although the Hilton incidents occurred several years ago. Even so, it's worth noting that companies ranging from Equifax to Yahoo have been in the news throughout 2017 as news continues to break about widespread cyberthreats being brought against both public and private entities such as Hilton.Hilton is also one of many hotel chains that have been targeted as of late for the way they store and process the valuable data of the customers that stay there. In April, U.S. President Donald Trump's own hotel chain, The Trump Hotel Collection, also suffered the second of a pair of data breaches this year.More information on Hilton Worldwide can be found on TOPHOTELPROJECTS, the specialized service provider in the exchange of cutting-edge information of hotel construction in the international hospitality industry.
Hotel Online - 10 November 2017
As tax reform legislation moves through Congress, a new economic impact study found that tax cuts could generate $131.7 billion in economic activity for hotels and related industries over the next 10 years. On behalf of the American Hotel & Lodging Association (AHLA), Oxford Economics analyzed the impact of tax policy changes that would result in a tax cut of $1.5 trillion over 10 years, which they believe will cause real GDP growth to accelerate to 3.0% in 2018.
Phocuswright - 9 November 2017
Travel industry research authority Phocuswright announced the winners of Summit and Launch, held Nov. 7 and 8, during The Phocuswright Conference currently underway in Hollywood, Fla. During Summit, 24 innovative startup and emerging companies and the winners of Battleground: The Americas, APAC and EMEA demonstrated groundbreaking applications and solutions set to change the travel industry. Launch featured nine established companies unveiling their travel innovations. "We created the Phocuswright Innovation Platform to identify and recognize the entrepreneurs and ideas who are shaping the future of the travel industry," said Michael Coletta, Phocuswright's manager, research and innovation. "We are proud to have once again brought to the stage a world-class group of startups and established companies who are leveraging the latest technology to create breakthrough value across all travel industry segments." Winners were determined by the Summit Dragons, a panel comprised of travel and technology experts. Winners represent the top innovation in two categories: Startup and Emerging. Additional awards include the Brand USA Award for Travel Marketing Innovation, the General Catalyst Award for Travel Innovation - which comes with a $100,000 convertible note, the OAG Award for AI Innovation, and People's Choice. AWARD FOR TRAVEL INNOVATION - EMERGING CATEGORY Winner: UpLift Runner-Up: Mezi AWARD FOR TRAVEL INNOVATION - STARTUP CATEGORY Winner: Redeam Runner-Up: conichi BRAND USA MARKETING INNOVATION AWARD Winner: Beach-Inspector.com THE GENERAL CATALYST AWARD FOR TRAVEL INNOVATION Winner: Redeam OAG AWARD FOR AI INNOVATION Winner: Mezi SUMMIT PEOPLE'S CHOICE AWARD FOR INNOVATION Winner: Redeam Runner-Up: TWIP and Wanup LAUNCH PEOPLE'S CHOICE AWARD FOR INNOVATION Winner: ixigo Runner-Up: Sift Science LEARN MORE ABOUT THE COMPANIES Free access to streaming and on-demand video of Phocuswright Conference sessions - Summit and Launch demonstrations, and Center Stage presentations - is available. On-demand content is available through March 31, 2018.
eHotelier.com - 8 November 2017
On September 23, 2016, Marriott completed its acquisition of Starwood Hotels & Resorts Worldwide (Starwood). The discussion in the first section below reflects reported results for the third quarter in accordance with the US generally accepted accounting principles (GAAP). To further assist investors, the company is also providing (a) adjusted results that exclude merger-related adjustments; and (b) combined financials and selected performance information for 2016 that assume Marriott’s acquisition of Starwood and Starwood’s sale of its timeshare business had been completed on January 1, 2015, but use the estimated fair value of assets and liabilities as of the actual closing date of the acquisition. Combined results also reflect other adjustments as described below. Throughout this press release, the business associated with brands that were in Marriott’s portfolio before the Starwood acquisition is referred to as “Legacy-Marriott”, while the Starwood business and brands that the company acquired are referred to as “Legacy-Starwood.”
HFTP - 7 November 2017
The 2017-2018 Global Executive Committee and Board of Directors for Hospitality Financial and Technology Professionals (HFTP) have officially begun their term. The association leaders represent a wide variety of segments within the hospitality industry, including: clubs, consulting, hotels, finance, technology and more. The HFTP Global Board volunteers its time and professional expertise to help guide and progress the association to the forefront of the industry as it carries out its strategic plan.The HFTP Global Board is the primary decision-making body of the association. Under its Board's vision, HFTP is able to expand its international reach and address the needs of the hospitality industry at large. The Board ensures the continuity of the association by planning for the future, establishing and reviewing major policies and programs that support the mission of the association, and by ensuring that the association is fiscally sound."The HFTP Global Board is focused on upcoming events including HITEC Dubai, Amsterdam and Houston, the new Club Summit and a new lineup of Prolinks webinars to further the education of our membership," said HFTP Global President Timothy G. Nauss, CHAE. "In my new role as president, I will be working with the executive committee to fill assignments for several key advisory councils for the association, as well as the establishment of the Young Professionals Council, which was recently approved by the board."Upcoming this year, HFTP will continue its international expansion of the world's largest Hospitality Industry Technology Exposition and Conference (HITEC) with its inaugural HITEC Dubai at the end of this month, and its second HITEC Amsterdam in April 2018. HFTP will produce its Club Summit in March 2018 in New Orleans, Louisiana USA. The association recently announced its strategic partnership with industry ally Open Travel Alliance (OpenTravel), and will continue the corporate co-location. The association will continue to promote its newsworthy, resourceful web series: HITEC Bytes, HFTP Club Bytes, HFTP Finance Bytes and HFTP News - as well as its hospitality-specific search engine, PineappleSearch.com."HFTP is filled with top hospitality industry leaders from around the world," said HFTP CEO Frank I. Wolfe. "Thanks to these passionate and proactive educators, HFTP was able to celebrate 65 years of success as an association this year. HFTP will continue to work hard, break barriers and create a better industry for hospitality professionals across the globe."HFTP 2017-2018 Global Executive Committee members:President: Timothy G. Nauss, CHAE, CFO, Macao Studio CityVice President: Scot Campbell, CHTP, CTO, North American Concerts - Live NationTreasurer: Michael Levie, CHTP, COO, citizenM HotelsSecretary: Mark Pate Sr., CHAE, CHTP, MBA, assistant controller and IT director, Highpointe Hotel CorporationImmediate Past President: Lyle Worthington, CHTP, CIO, The Student HotelExecutive Advisor: Jill Burnett, CHAE, CPA, controller, Medalist Golf ClubHFTP 2017-2018 Global Board of Directors:Director Stephanie Anderson, CHAE, CPA, CGMA, CFO, River Bend Golf & Country ClubDirector Cindy Braak, SVP finance business partner, Marriott InternationalDirector Cindy Estis Green, co-founder and CEO, Kalibri Labs, LLCDirector Md Amirul Islam, assistant manager of income audit, Marriott Autograph CollectionDirector Sherry Marek, co-founder and VP, Datavision TechnologiesDirector Martha Mazzitelli, CAM, CHAE+, CHTP+, CFO, Bay Colony Shared ServicesDirector Nick Price, CEO, NetSys Technology LimitedDirector Laurie Rozeski, CHAE, MBA, CFO, Wildcat Run Golf & Country ClubDirector Kaeko Shirasu-Bailey, CPA, assurance senior manager, RSM US LLPDirector Justin Taillon, MBA, PHD, professor and department head, Highline CollegeDirector Derek Wood, managing director, Derek Wood Associates LTDEx Officio Frank I. Wolfe, CEO, HFTPFor more information on HFTP leadership and leadership opportunities, contact HFTP Executive Services Administrator Millicent Gustafson at firstname.lastname@example.org or +1 (512) 220-6449.Annual Convention 2018 is slated for October 24-26 at the new Omni Louisville Hotel in Louisville, Kentucky USA. For more information about HFTP's Annual Convention and other global activities, contact the HFTP Meetings & Special Events Department at email@example.com or visit www.hftp.org. For the latest news, follow HFTP/HITEC on HITEC Bytes, PineappleSearch, Facebook, LinkedIn, Twitter (@HFTP), Instagram (HFTP_HITEC), Flickr and YouTube.About HFTP Hospitality Financial and Technology Professionals (HFTP) established in 1952, is an international, nonprofit association, headquartered in Austin, Texas, USA, with offices in Hong Kong, United Kingdom and the Netherlands. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with members and stakeholders spanning across the globe. HFTP uniquely understands the industry's pressing issues and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. It does this via its expert networks, research, certification programs, information resources and conferences/events such as HITEC. HFTP also owns the world's only hospitality-specific search engine, PineappleSearch.com. For more information about HFTP, email firstname.lastname@example.org or download the HFTP/HITEC media kit via the HFTP website. Read industry updates on the suite of HFTP hospitality news sites: HITEC Bytes, Club Bytes, Finance Bytes and HFTP News.
HFTP - 2 November 2017
More than 580 Hospitality Financial and Technology Professionals (HFTP) members and hospitality industry professionals came together from around the globe to celebrate HFTP's 65 years as an association at Annual Convention last week. This year's Annual Convention was held from October 25-27, 2017 at the Omni Orlando Resort at Championsgate in Championsgate, Florida USA."Thank you to HFTP members, chapters, stakeholders and staff for 65 years of success," said HFTP CEO Frank Wolfe. "HFTP is proud to have provided hospitality finance and technology processionals opportunities to excel in their careers for nearly seven decades. We look forward to continued success in the years to come."The event's education schedule offered attendees the opportunity to choose from a variety of session formats, and trending industry topics including: Employee Relations 101; Accounting Changes; Club Management; Performance Excellence; Ransomware; Bitcoins; Firewalls; GHACP; and more. In traditional HFTP fashion, Annual Convention featured three keynote speakers, attendee networking, exhibits, a business meeting and silent auction benefiting a local charity during the HFTP Annual Tribute to Success black-tie evening.As part of its ongoing social responsibility efforts, HFTP held its third HFTP Helps which featured a silent auction fundraiser as well as a putting green benefiting Camp Boggy Creek, a free, safe and medically-sound camp environment that enriches the lives of children with serious illnesses and their families. HFTP Helps also partnered with OneBlood, and conducted a blood drive to assist with the recovery efforts of the hurricanes Harvey, Irma and Maria as well as the recent Las Vegas, Nevada USA tragedy. HFTP Helps 2017 raised $9,500, and 100 percent of the proceeds were donated directly to Camp Boggy Creek.Annual Convention also represents a time for HFTP to recognize outstanding achievement from individuals and HFTP chapters that embody the success of the association. Below were this year's industry-leading award recipients that were selected by a council of industry colleagues and peers.2017 CHTP of the Year: Clint DeMill, CHTP, associate director of administration at The University of Utah Guest House and Conference Center2017 CHAE of the Year: Guus Martinus Heijmans, CHAE, accounting/HR manager at Residence Inn by Marriott Los Angeles LAX/Century Boulevard2017 Paragon Award: Mary Gerdts, founder and CEO at POST Integrations Inc. and EboCom, LLC.2017 Technology Hall of Fame: Greg Dawes, solutions architect/technical director at VT Group; Monika Nerger, CIO at Mandarin Oriental Hotel Group2017 Award of Merit: Keith Gruen, CEO at ysura; Hiroo Ichii, advisor at NEC Solution Innovators, Ltd; Dr. Ravi Mehrota, president, founder and chief scientist at IDeaS Revenue Solutions2017 President's Award: Carson Booth, CHTP, startup technology consultant and chairman of the HITEC Amsterdam Advisory Council2017 HFTP Chapters of the Year: HFTP Southern Alberta Chapter (Tier A: 1-35 members); HFTP Florida Manasota Chapter (Tier B: 36-70 members); HFTP Mid-Florida Chapter (Tier C: 71+ members)2017 HFTP Student Chapter of the Year: HFTP San Jose State University Student ChapterThe association's new 2017-2018 HFTP Global Board leaders were installed during the event's HFTP Annual Tribute to Success evening, and Timothy G. Nauss, CHAE assumed his role as the new HFTP Global President. The 2017-2018 HFTP Global Board officially started their term today.Annual Convention 2018 is slated for October 24-26 at the new Omni Louisville Hotel in Louisville, Kentucky USA. For more information about HFTP's Annual Convention and other global activities, contact the HFTP Meetings & Special Events Department at email@example.com or visit www.hftp.org. For the latest news, follow HFTP/HITEC on HITEC Bytes, PineappleSearch, Facebook, LinkedIn, Twitter (@HFTP), Instagram (HFTP_HITEC), Flickr and YouTube.About HFTP Hospitality Financial and Technology Professionals (HFTP) established in 1952, is an international, nonprofit association, headquartered in Austin, Texas, USA, with offices in Hong Kong, United Kingdom and the Netherlands. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with members and stakeholders spanning across the globe. HFTP uniquely understands the industry's pressing issues and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. It does this via its expert networks, research, certification programs, information resources and conferences/events such as HITEC. HFTP also owns the world's only hospitality-specific search engine, PineappleSearch.com. For more information about HFTP, email firstname.lastname@example.org or download the HFTP/HITEC media kit via the HFTP website. Read industry updates on the suite of HFTP hospitality news sites: HITEC Bytes, Club Bytes, Finance Bytes and HFTP News.
Hotel Online - 1 November 2017
The Avison Young Hospitality Group announced today that it has closed 33 hotel transactions over the past 22 weeks. It also announced the hotel practice group has closed 318 hotel transactions since 2013 consisting of 91 Marriott, 68 Hilton, 42 IHG, 27 Choice, 16 Red Roof, 14 Wyndham, 7 Carlson and 53 other branded, historical or independent hotels.
hotelbusiness.com·Requires Registration - 31 October 2017
A full tax reform measure could pass by late December, providing a potential boon to business owners, especially hoteliers. One industry leader, a former lawmaker, is hopeful. “In the last 10 months, we have seen the stock market hit record highs, increased labor force participation, decreased unemployment, increased wages, increased tourism exports by 3.5% and consistent increases in GDP growth,” said Chip Rogers, president and CEO of AAHOA, about the national overview of today’s economy, during a session today at The Lodging Conference at the Arizona Biltmore. “…The economic factors that drive our nation forward are strong.”
National Restaurant Association (NRA) - 30 October 2017
Celebrity chef Richard Blais kicked off our 2017 Restaurant Innovation Summit in Austin, Texas. The winner of Bravo’s Top Chef All-Stars and a regular Food Network judge, shared his thoughts on trends in the restaurant industry.
4hoteliers.com - 28 October 2017
The Competition and Markets Authority is concerned about the clarity, accuracy and presentation of information on sites, which could mislead people, stop them finding the best deal and potentially break consumer law.
hotelbusiness.com·Requires Registration - 24 October 2017
RLH Corporation and Hard Rock Cafe International (USA) Inc. have fully resolved, to their mutual satisfaction, all aspects of their dispute regarding the development of the Reverb By Hard Rock Hotel brand and system, according to a statement released by Hard Rock. This agreement brings to an end litigation that was pending in the United States District Court for the Southern District of New York over claims alleging that Hard Rock Cafe International was copying the Hotel RL brand geared toward millennials.
National Restaurant Association (NRA) - 23 October 2017
As the Trump Administration looks to modernize the North American Free Trade Agreement (NAFTA), we’re working to ensure the restaurant industry is included in the negotiations. Why? We’re concerned changes to trade policies could disrupt the supply chain, negatively impacting business and employment. Restaurants and foodservice companies depend on global supply chains and international trade to deliver fresh and seasonal food to their guests.
TOPHOTELPROJECTS - 17 October 2017
Last month it was announced that controversial carpool site Uber would be banned from operating in London. Transport For London refused to renew the ride sharing site's operating license, saying that "Uber's approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications," and that the ban would come into place on September 30th. However, as predicted Uber immediately moved to appeal the ban under the court's 21 day appeal procedure, and it will continue to operate while the appeal is being processed. This was a major blow for the taxi-alternative, who have faced controversy worldwide for their business model, staff treatment and ruthless behaviour, sparking protest in cities all over the world from London to Buenos Aires. The ban prompted the abrupt resignation of the Uber's UK and Ireland director Jo Bertram at the beginning of October, just ten days after the ban was announced.As the prevalence of the sharing economy has grown, big names in this revolutionary yet polemic industry have faced significant backlash from regulators, unions and local councils. While the public will always be on the side of a bargain, traditional industries are scratching their heads as to how to compete with this new models, and the hospitality industry is one such sector that has had to seriously think outside the box when it comes to competing with sites like AirBnB who appeal to the tricky millennial demographic.What implications will the Uber ban in London have on sites like AirBnB? AirBnB has already made moves to placate British regulators in London, with the site limiting rentals to a maximum of 90 days unless they have been granted permission from the city council. Since they have started to enforce the ban, 90 day-plus bookings have drastically decreased. However, unlike cities like Barcelona, which is suffering from an over-saturated tourism market that is angering locals and forcing a crackdown on AirBnB's rental properties, London has seen a 6% increase in tourism in the past year, and with tourism contributing PS127 billion annually to the British economy, crackdowns like the one in Barcelona are less likely to happen in the English capital. Increasingly it seems like councils and business owners alike will have no choice but to embrace the sharing economy instead of trying to fight it.The following projects in London should be on your radar:Park Regis Shoreditch LondonThe 70,000 sqft project for Seven Capital will create a 125 bed boutique hotel on a stand alone island site and utilising in part the original facade of a late Victorian warehouse [MORE INFO...]Westin London QueensbridgeThis is a major development in the City of London facing the river Thames [MORE INFO...]Arundel Great CourtThe Hotel would be part of the development - it will be a last minute decision if there will be a hotel or not [MORE INFO...]More information about London Hotel Projects can be found on TOPHOTELPROJECTS, the specialized service provider in the exchange of cutting-edge information of hotel construction in the international hospitality industry.