To pay or not to pay: when dividend policy rhymes with business strategy
To pay or not to pay: when dividend policy rhymes with business strategy — By Cédric Poretti

EHL · 15 Oct

The COVID-19 crisis is putting the global economy under pressure in an unprecedented way. Companies worldwide have been forced to cut their dividend payouts. Based on the Janus Henderson Global Dividend Index (August 2020), global dividends fell by 22% to $382.2bn in the second quarter of 2020. However, significant variations appeared across regions and industries. North American dividends barely changed on a year-on-year basis, while in Europe, 54% of firms reduced their dividend payouts. In France, payouts dropped by 57%, in Spain by 70%, in Germany by 19%, while no change appeared (on a year-on-year basis) in Switzerland.

To pay or not to pay: when dividend policy rhymes with business strategy
To pay or not to pay: when dividend policy rhymes with business strategy

Ecole hôtelière de Lausanne (EHL) · 14 Oct

The COVID-19 crisis is putting the global economy under pressure in an unprecedented way. Companies worldwide have been forced to cut their dividend

Evaluating Hotel Performance: 6 Key Factors
Evaluating Hotel Performance: 6 Key Factors

EHL · 15 Sep

The clear-cut measurability of KPIs is alluring. Occupancy percentages, profit indicators, return on investment. These are the type of traditional pe

Evaluating hotel performance: 6 key factors
Evaluating hotel performance: 6 key factors

Ecole hôtelière de Lausanne (EHL) · 15 Sep

The clear-cut measurability of KPIs is alluring. Occupancy percentages, profit indicators, return on investment. These are the type of traditional pe

How to create a forecast plan for hotel businesses in unknown times
How to create a forecast plan for hotel businesses in unknown times

Ecole hôtelière de Lausanne (EHL) · 10 Sep

With the advent of the 'new normal', hotel owners and operators must begin considering the various financial and operational scenarios in their forec

How to calculate and monitor your Break-Even Point
How to calculate and monitor your Break-Even Point

Ecole hôtelière de Lausanne (EHL) · 26 Aug

As hotels begin to re-open, it is crucial that they're mindful of their Break-Even Point (BEP) to understand their cost levels and to determine what

The Link Between Corporate Debt And Earnings Manipulation
The Link Between Corporate Debt And Earnings Manipulation — By Cédric Poretti

EHL · 18 Aug

Among the many COVID-19-related uncertainties, increasing corporate debt levels represent a major challenge, even though this is nothing new. Global corporate debt has been soaring since the sub-prime crisis and reached USD 72 trillion at the end of Q1 2019 (excluding financial companies) (Statista). Looking at the current crisis, things are not likely to improve any time soon. In many countries, governments are widening their support for corporate debt to help companies face the economic slowdown caused by the pandemic.

Top considerations for hotel balance sheets during COVID-19 and beyond
Top considerations for hotel balance sheets during COVID-19 and beyond

Ecole hôtelière de Lausanne (EHL) · 17 Aug

One of the many impacts of the ongoing COVID-19 pandemic is that it has highlighted the importance of working capital. "Cash is King" is all the more

Brush Up On Finance & Wine Economics This Summer, Selected By EHL Experts
Brush Up On Finance & Wine Economics This Summer, Selected By EHL Experts — By Beatrice Venturini

EHL · 3 Aug

Dr. Philippe Masset and Dr. Jean Philippe Weisskopf are both associate professors at EHL specializing in Empirical Finance and Wine Economics. They are founding members of the Alliance for Research on Wine & Hospitality Management and have written extensively on the subject. Here they share with us some useful tips on vital pre-learning material for any potential student of economics, equity, finance and management.

Become a pro: data analysis for small F&B businesses, part 2
Become a pro: data analysis for small F&B businesses, part 2

Ecole hôtelière de Lausanne (EHL) · 2 Aug

In this article, I will explain three data-driven tactics. There will be a strategy for advertisement efforts, take-out and delivery, and to conclude

Covid-19: the 1 thing your business needs to recover quickly

Ecole hôtelière de Lausanne (EHL) · 9 Jul

This article was originally published in French on Bilan. At a time of fairly steady recovery, depending on where you are in the world, companies mak

Hotel market analysis plus 8 ways hotels should combat the crisis
Hotel market analysis plus 8 ways hotels should combat the crisis

Ecole hôtelière de Lausanne (EHL) · 11 Jun

An analysis of how Covid-19 has affected the hotel market and the importance of adapting to new parameters in staffing, marketing and technology to a

Hotel brands: How to find a suitable hotel operator?
Hotel brands: How to find a suitable hotel operator?

Ecole hôtelière de Lausanne (EHL) · 28 May

How to guarantee sustainable success and high profitability? How to implement a predefined brand model to the business? How to understand the operato

The Hospitality industry and education following Covid-19
The Hospitality industry and education following Covid-19

EHL Blog · 12 May

A realistic, yet optimistic overview of how the hospitality industry and institutions will adapt, survive and re-emerge from the pandemic. Invaluable

Hotel Concept Handbook: The Ultimate Guide to Hotel Concept Development
Hotel Concept Handbook: The Ultimate Guide to Hotel Concept Development

Ecole hôtelière de Lausanne (EHL) · 29 Apr

The hospitality industry is anything but dull. Each year brings with it a bounty of exciting destinations, revolutionary new hotels and glamorous ren

Six Actions Taken by Chinese Hoteliers as Immediate Remedies for the Coronavirus Crisis
Six Actions Taken by Chinese Hoteliers as Immediate Remedies for the Coronavirus Crisis

Ecole hôtelière de Lausanne (EHL) · 22 Apr

"Cities in China are carefully easing strict prevention measures and access restrictions based on advancements in local public health conditions". Th

How Hospitality and Retail Businesses can Survive the Coronavirus Shutdown
How Hospitality and Retail Businesses can Survive the Coronavirus Shutdown — By René-Ojas Woltering

EHL · 20 Apr

Policymakers around the world have enforced an unprecedented shutdown of public life to slow down the spread of the coronavirus. As a consequence, entire sectors of the economy have seen their revenues collapse to zero. At the time of this publication, it appears that the shutdown will be a matter of months rather than just a few weeks. Yet, to date, no coherent political-economic strategy exists on how businesses may potentially survive a prolonged period without any revenues. Many hospitality and retail businesses are about to be sacrificed in the name of public health.

Machines vs Humans: Real Estate Valuation During the Coronavirus Crisis
Machines vs Humans: Real Estate Valuation During the Coronavirus Crisis — By Dr. Prashant Das

EHL · 15 Apr

Real estate assets are traditionally valued manually, wherein computer tools are used in a supportive role. However, more sophisticated, machine learning-based valuations have gained traction in recent years. As the coronavirus crisis has posed serious challenges to the valuation community, in this article I assess the role of machines in asset valuation during such crises.

An Initial Checklist for Temporary Hotel Closures
An Initial Checklist for Temporary Hotel Closures

Ecole hôtelière de Lausanne (EHL) · 6 Apr

During the COVID-19 crisis, many hotels will unfortunately have to stop their operations and close temporarily. This can be out of necessity if your

The Hospitality Way of Survival After Covid-19 Crisis
The Hospitality Way of Survival After Covid-19 Crisis

Ecole hôtelière de Lausanne (EHL) · 2 Apr

The sudden outbreak of Covid-19 (unofficially called Coronavirus) crisis swept through Chinese Lunar New Year like a hurricane, adding a layer of pan

20/20 – Aiming for a Perfect Vision of the Hotel Industry
20/20 – Aiming for a Perfect Vision of the Hotel Industry — By Demian Hodari

EHL · 11 Feb

Welcome to the first in a series of panel discussions about the world of hotel real estate investment, development and management. With the help of over 20 dedicated owners/investors, asset managers, developers, general managers and consultants, we will explore a host of questions about the hotel industry in 2020.

How to Start Your Food Business: an 8-step Guide
How to Start Your Food Business: an 8-step Guide

EHL · 13 Dec

Not sure how to start your food business? Find out what to consider, and how to make it happen with our practical 8-step guide. Are you an aspiring r

LVMH / Tiffany - Diamonds Are Forever!
LVMH / Tiffany - Diamonds Are Forever! — By Stéphane Haddad

EHL · 3 Dec

LVMH is to acquire Tiffany & Co. for $135 per share, in a transaction which will value the entire equity at $16.2 billion. Including net financial liabilities of $0.7 billion, this leads to an implied enterprise value of $16.9 billion for Tiffany, making this the largest acquisition ever made by LVMH.

Hotel Brands: Who Owns What
Hotel Brands: Who Owns What

Ecole hôtelière de Lausanne (EHL) · 25 Nov

#1. Marriott International Inc. Brands Marriott International - Overview Properties: 6,906 Rooms: 1.32 million Number of Countries: 130 Revenue 2018:

Restaurant Management: The 7 elements of a Business Plan
Restaurant Management: The 7 elements of a Business Plan

EHL Blog · 5 Nov

Unless you are self-funding your food business, you will need to find investors. To woo investors, you will need a business plan that outlines the es

Redefining The Value Chain in Tourism: Lessons from Thomas Cook
Redefining The Value Chain in Tourism: Lessons from Thomas Cook

Ecole hôtelière de Lausanne (EHL) · 24 Oct

Thomas Cook: An Industry Perspective On September 23rd, 2019, Thomas Cook - one of the world's oldest travel companies - declared bankruptcy. The 178