Attention, clubs: on August 8, the United States President issued an executive order deferring a portion of your employees’ payroll taxes. This payroll tax holiday runs from September 1 to December 31, and only employees making less than $104,000 per year qualify.
By Bianca Lopez and Evita Ma / Data usage in the hospitality environment has skyrocketed, and continues to grow every year, making a robust broadband network crucial to guest services and back-of-the-house operations.
It has been an exciting first year for the HFTP Foundation. Between frenzied fundraising and planning a packed docket of upcoming research for 2020, research staff have certainly had their hands full.
CBRE Hotels · 2 Aug
Based on CBRE’s survey of monthly operating performance, U.S. hotels experienced a 58 percent decline in total hotel revenues from 2019 to 2020. This resulted in a decrease of 78 percent in profits at the Gross Operating Profit (GOP) level, along with a 107 percent fall off in Earnings Before Interest, Taxes, Depreciation, and Amortization.
HVS · 2 Aug
The ALIS Conference came and went this week, bringing Downtown L.A. hotels to life with optimism and hope that normal for the hotel industry is coming in the not-too-distant future. Here are some collective takeaways from our team that was in attendance.
David Lund · 29 Jul
Compliments of Hospitality Net I am offering the first FIVE responders via email @ email@example.com a complimentary 40-minute online wor
Swiss Education Group · 29 Jul
What would you do if you had a million francs to invest? This is the question posed to Hotel Institute Montreux’s Bachelor of Business Administration
The Ascott Limited · 27 Jul
Ascott Residence Trust (ART) raised its distribution per stapled security (DPS) for 1H 2021 by 95% to 2.05 cents compared to 1H 2020 through active p
Aimbridge Hospitality · 26 Jul
Aimbridge Hospitality, a leading multinational hospitality company, saw growth in the first half of 2021 with RevPAR index gains over 2020 and 2019.
David Lund · 26 Jul
From time immemorial, revenue per available room, or RevPAR, has been the go-to key performance indicator in the hotel industry. A simple calculation of average daily rate and occupancy rate, it is often thought of as the barometer of health for a hotel by those who work in the industry and those who make a living analyzing it.
HotelNewsNow · 23 Jul
As the U.S. hotel industry nears its second-quarter earnings call season, hotel experts and analysts expect the publicly traded hotel brand companies
Cvent · 23 Jul
Cvent, a market-leading meetings, events, and hospitality technology provider, and Dragoneer Growth Opportunities Corp. II (Nasdaq: DGNS) (“Dragoneer
Les Roches · 22 Jul
The hotel industry's recovery is accelerating, overcoming the crisis. In the first half of 2021, the stocks of the major hotel groups have recovered and outgrown the indexes. And the organizations are investing massively in new international offerings. For example, the Hilton group has announced the construction of 160,000 rooms over the next few years, while new entrants are benefiting from the support of the largest financial institutions.
Les Roches · 22 Jul
Fintechs have experienced a significant development over the last five years. Some smart technologies are emerging with obvious potential for the hospitality industry such for making booking reservation and payments, often linked to management systems of access to rooms and services. The pandemic has accelerated the implementation of these innovations.
DocMX · 21 Jul
20th July 2021, Singapore – DocMX announced today that several landmark hotels in Singapore have launched digital transformation initiatives leveragi
EHL · 21 Jul
This article lays out why it's important to differentiate distribution costs from customer acquisition costs (CAC). Distribution costs refer to commissions paid to travel agents, OTAs, discounts to tour operators, etc. Whereas customer acquisition costs include the distribution costs, website-related costs, sales & marketing department salaries (after all, they are here to acquire customers), social media costs, advertising, loyalty and brand-related expenses, channel manager fees, etc.
HotStats Limited · 21 Jul
The pandemic has made it difficult for anyone to relax. Beyond being a drag on a hotel’s core business—room sales—it’s also been an assault on ancillary revenues, such as spa business.
Strategic Solution Partners · 19 Jul
Hotel asset value is determined using multiple calculations, math problems, and sometimes magic tricks, but there are three critically important aspects of the physical plant that can make or break a hotel investment. As an owner or asset manager, keep these three areas on your property checklist, and follow up with a hotel engineering team regularly. Ignore these at your peril!
HVS · 19 Jul
HVS Monday Musings: Rebooting Inbound Tourism in India By Mandeep S Lamba and Dipti Mohan This article highlights some measures which can help India
David Lund · 16 Jul
Individuals will complete training in all essential facets of hospitality financial leadership for the financial leader.
IDeaS Blog · 14 Jul
As the floodgates open on pent-up travel demand, it's time for your hotel to invest in more than a basic pricing tool to optimize incoming streams of
HFTP Connect · 14 Jul
The Covid-19 pandemic has had a significant impact on the financial wellbeing of hotels around the world, especially in regions that have experienced
M3 · 14 Jul
M3, the hospitality sector’s #1 cloud-based accounting, financial and data management platform in North America, has been named a winner in the 13th
David Lund · 12 Jul
Over the many years I have worked in hotels, I have had the pleasure of working with some exceptionally fine and talented individuals. This story is about one GM and his penchant for simplicity.
Hotel Mogel Consulting Limited · 12 Jul
This year has already seen many of the various cryptocurrencies grace the front page of major news outlets. This trend will continue throughout 2021 and, by our predictions, for the rest of everyone’s natural lifespans who happen to be reading this article. Pure hype or not, the technologies underpinning these altcoins are going to keep expanding and maturing as the applications for blockchains are too great to ignore.
HotelNewsNow · 9 Jul
The unleashing of pent-up leisure travel demand in the U.S. this summer so far hasn't been enough to significantly boost stock values for the hotel i
David Lund · 8 Jul
Hospitality Financial Leadership Training - For Non-Financial People.
Hotel Mogel Consulting Limited · 8 Jul
Every dollar counts in the new normal. That’s because, even with all the cuts made during the pandemic, the costs of ramping operations back up with all the new safety requirements – while also servicing debt – are making hotels an increasingly difficult business to keep out of the red. Driving occupancy and maximizing total revenue per guest (TRevPAR) are the two top objectives we look at for properties nowadays, but there’s a hidden profit killer that you must also consider – chargeback disputes.