Labor Cost Trends in 2020
Labor Cost Trends in 2020 — By Robert Mandelbaum, David W. Heath

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.

ALIS Conference Perspectives
ALIS Conference Perspectives — By Rodney G. Clough

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.

Complimentary Hospitality Financial Leadership Online Workshop - An Introduction to Hospitality Financial Leadership
Complimentary Hospitality Financial Leadership Online Workshop - An Introduction to Hospitality Financial Leadership

David Lund · 29 Jul

Compliments of Hospitality Net I am offering the first FIVE responders via email @ david@hotelfinancialcoach.com a complimentary 40-minute online wor

How would you invest a million francs?
How would you invest a million francs?

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

Future-Proofing UK Hotels
Future-Proofing UK Hotels — By Malcolm Kerr

Horwath · 28 Jul

Malcolm Kerr, Managing Director of Horwath HTL UK has been talking to prominent executives and advisors to get their perspective on the major challenges facing owners and how they are preparing for an uncertain future.

Ascott Residence Trust Raises 1h 2021 Distribution Per Stapled Security By 95% To 2.05 Cents Through Active Portfolio Optimisation
Ascott Residence Trust Raises 1h 2021 Distribution Per Stapled Security By 95% To 2.05 Cents Through Active Portfolio Optimisation

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 Portfolio Outperformed Competition During First Half Of 2021 With RevPAR Index Gains Over 2020 And 2019
Aimbridge Hospitality Portfolio Outperformed Competition During First Half Of 2021 With RevPAR Index Gains Over 2020 And 2019

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.

Hospitality Financial Leadership – GOPPAR Characteristics
Hospitality Financial Leadership – GOPPAR Characteristics — By David Lund

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.

Questions On Labor, Business Travel Linger Heading Into Hotel Earnings Reports
Questions On Labor, Business Travel Linger Heading Into Hotel Earnings Reports

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, A Leading Enterprise Event Technology Provider, To Become Publicly Traded After Combining With Dragoneer Growth Opportunities Corp. II
Cvent, A Leading Enterprise Event Technology Provider, To Become Publicly Traded After Combining With Dragoneer Growth Opportunities Corp. II

Cvent · 23 Jul

Cvent, a market-leading meetings, events, and hospitality technology provider, and Dragoneer Growth Opportunities Corp. II (Nasdaq: DGNS) (“Dragoneer

Positive outlook for the hospitality industry
Positive outlook for the hospitality industry — By Albian Albrahimi

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.

How Fintechs are supporting the Hospitality Industry
How Fintechs are supporting the Hospitality Industry — By Albian Albrahimi

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 powers digital transformation in Singapore hotels
DocMX powers digital transformation in Singapore hotels

DocMX · 21 Jul

20th July 2021, Singapore – DocMX announced today that several landmark hotels in Singapore have launched digital transformation initiatives leveragi

What Are Customer Acquisition Costs And Why Is It Important To Calculate Them?
What Are Customer Acquisition Costs And Why Is It Important To Calculate Them? — By Meng-Mei (Maggie) Chen

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.

Hotel Spas Give Expenses A Facelift
Hotel Spas Give Expenses A Facelift — By Rayna Katz

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.

A Hotel Owner’s Guide to Building Maintenance
A Hotel Owner’s Guide to Building Maintenance — By Marc Fleischer

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 Asia Pacific Hospitality Newsletter - Week Ending 16 July 2021
HVS Asia Pacific Hospitality Newsletter - Week Ending 16 July 2021

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

Announcing - Hospitality Financial Leadership - Workshop Series for Financial Managers
Announcing - Hospitality Financial Leadership - Workshop Series for Financial Managers

David Lund · 16 Jul

Individuals will complete training in all essential facets of hospitality financial leadership for the financial leader.

Quit Playing with Your Pricing - It's Budget Season
Quit Playing with Your Pricing - It's Budget Season

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

Distressed Hotels Find New Ownership and Vision

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 Named Gold Globee® Winner in the 13th Annual 2021 Golden Bridge Business and Innovation Awards
M3 Named Gold Globee® Winner in the 13th Annual 2021 Golden Bridge Business and Innovation Awards

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

Hospitality Financial Leadership – How To Prepare The Annual Budget In 1 Hour
Hospitality Financial Leadership – How To Prepare The Annual Budget In 1 Hour — By David Lund

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.

Planck’s Principle and Hotelier Skepticism for Blockchain
Planck’s Principle and Hotelier Skepticism for Blockchain — By Larry Mogelonsky

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.

Hotel Stocks Underperform For Fourth Straight Month
Hotel Stocks Underperform For Fourth Straight Month

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

Announcing - Hospitality Financial Leadership for Non-Financial Managers - Online Video Course
Announcing - Hospitality Financial Leadership for Non-Financial Managers - Online Video Course

David Lund · 8 Jul

Hospitality Financial Leadership Training - For Non-Financial People.

Making 2021 The Year To Solve The Chargeback Problem
Making 2021 The Year To Solve The Chargeback Problem — By Larry Mogelonsky

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.