Hospitality Financial Leadership - Creating and Using Staffing Guides
Hospitality Financial Leadership - Creating and Using Staffing Guides — By David Lund

The Hotel Financial Coach · 16 Sep

In our business it is no secret that labor is our single biggest expense. Last year the average hotel in North America, according to data collected from thousands of medium- and full-service hotels by a popular industry partner, was right around 50 percent of total revenues. What is a secret is how most hotels manage their largest cost. In this piece I am going to talk about creating and using a staffing formula for all scheduled positions. In addition, I will talk about the best practices as it relates to having and using staffing guides. First of all, let’s define what a staffing guide is and what constitutes a staffing formula. The two are separate but also come together when used properly. Allow me to explain.

SpaSoft Announces Integration with PXP Financial
SpaSoft Announces Integration with PXP Financial

PAR Springer-Miller · 12 Sep

SpaSoft, an industry leading, all-in-one spa management solution is excited to announce their integration with PXP Financial, an omni-channel, intern

PSD2 IN REAL LIFE: How The New Payment Service Directive Works for Hotels and Online Bookings
PSD2 IN REAL LIFE: How The New Payment Service Directive Works for Hotels and Online Bookings — By Shlomit Kugler

Shiji Group · 12 Sep

By now, you've likely heard about the new credit card payment service directive and its potential repercussions in our industry. What you may not know, however, is that PSD2 is nothing new in fact, it was first implemented back in 2015, even though not all its parts were enacted simultaneously. Strong Customer Authentication, particularly, was meant to come into force only on September 14th, 2019, four years after the approval of the directive. So, you'd imagine the industry to be ready, wouldn't you? Well, not quite...

Americans Strongly Support Reforming Federal Law to Rein in Illegal Short-Term Rentals
Americans Strongly Support Reforming Federal Law to Rein in Illegal Short-Term Rentals

AH&LA · 12 Sep

According to a new national survey, Americans overwhelmingly support amending federal law to remove loopholes used by short-term rental sites, like A

Hotel Real Estate: How Brands are Re-Imagining Hotel Lobbies
Hotel Real Estate: How Brands are Re-Imagining Hotel Lobbies — By Remy Rein, Sebastian Smith, Jason Marin

EHL · 12 Sep

Several reports show the astonishing growth in self workers, contract freelancers and consultants, according to Statista, 10.3% of the working age population is involved in entrepreneurial activities. Alongside this, project task forces are becoming more and more common, and companies are starting to become more agile in their operations, ING's agile transformation started with the 3,500 staff members at group headquarters, Bart Schlatmann: former chief operating officer of ING Netherlands said, "we invested in tearing down walls in buildings to create more open spaces and to allow more informal interaction between employees. We have a very small number of formal meetings; most are informal. The whole atmosphere of the organization is much more that of a tech campus than an old-style traditional bank where people were locked away behind closed doors."

Accelerated B2B Sales Growth: Challenges and Strategies
Accelerated B2B Sales Growth: Challenges and Strategies

MarketingProfs · 11 Sep

B2B lead generation and sales is a complex world. As technology, trends, and preferences evolve, so do B2B marketing and sales. Identifying and overc

HM on location: AH&LA, AAHOA head to Capitol Hill
HM on location: AH&LA, AAHOA head to Capitol Hill

Hotel Management · 11 Sep

The two hotel groups plan to spend their time with lawmakers addressing short-term rentals, renewing Brand USA and online booking scams.

Americans Strongly Support Reforming Federal Law To Rein In Illegal Short-Term Rentals

Lodging Magazine · 11 Sep

Washington, D.C. - According to a new national survey, Americans overwhelmingly support amending federal law to remove loopholes used by short-term r

Anbang Sells Its U.S. Luxury Hotels to South Korea's Mirae for $5.8 Billion

skift.com - Hotels · 11 Sep

Anbang bought the U.S. trophy hotels for $5.5 billion in 2016 and now offloads it to Mirae for a little moseems a good price for the South Korean fir

Townhouse Hotel Miami Beach Moves Back Office to the Cloud for Multi-Property Accounting
Townhouse Hotel Miami Beach Moves Back Office to the Cloud for Multi-Property Accounting

Hospitality Technology Magazine · 11 Sep

Cloud computing allows hotel to toggle between its two properties, instantly upload separate general ledger entries, and creates ownership reports di

Access Point Financial Continues Growth Trajectory with Senior Management Team Additions
Access Point Financial Continues Growth Trajectory with Senior Management Team Additions

Access Point Financial, LLC · 10 Sep

Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today annou

How To Score A Bigger Hotel Marketing Budget
How To Score A Bigger Hotel Marketing Budget — By Thomas McDermott

Tambourine · 10 Sep

In part one of our recent budgeting blog series, we looked at strategies for allocating budgets. Follow the link to read more.

Buffalo Lodging Associates Ensures Maximized Data Management and Business Planning Efficiency with ProfitSword Partnership
Buffalo Lodging Associates Ensures Maximized Data Management and Business Planning Efficiency with ProfitSword Partnership

ProfitSword · 10 Sep

ProfitSword, hospitality's premier developer of business intelligence and data integration software, has been selected by Buffalo Lodging Associates,

Townhouse Hotel Miami Beach Builds Flexible Ownership Reporting with Aptech’s PVNG
Townhouse Hotel Miami Beach Builds Flexible Ownership Reporting with Aptech’s PVNG

Aptech · 10 Sep

Aptech Computer Systems, the industry standard for hospitality financial systems announced the Townhouse Hotel Miami Beach implemented the PVNG Enter

The Bethesdan Hotel joins Hilton's Tapestry Collection
The Bethesdan Hotel joins Hilton's Tapestry Collection

Hotel Management · 10 Sep

The 270-room property will be the collection's first in Maryland.

HFTP Establishes the HFTP Foundation, Dedicated to Hospitality Research and Education
HFTP Establishes the HFTP Foundation, Dedicated to Hospitality Research and Education

HFTP · 9 Sep

Hospitality Financial and Technology Professionals (HFTP®) is announcing a new philanthropic arm, the HFTP Foundation, which will support the associa

Seal the Deal: A Look at Six Hotel Transactions

hotelbusiness.com · 9 Sep

Transactions are happening across the industry with acquisitions, financings and sales taking place. Here's some of the recent deals from Trinity Inv

Minor Vs. Marriott Lawsuit in Thailand Shows Risks of Chain Consolidation

skift.com - Hotels · 9 Sep

This case will be watched closely by global chains and hotel owners as it addresses the contentious issue of whether brands consolidation affects the

Datalex to Lose Lufthansa Tech Contract After Management Fiasco

skift.com - Digital · 9 Sep

Airline tech vendor Datalex had a spectacular accounting meltdown in 2018. Lufthansa, its largest customer, wants to kill its contract. Meanwhile, Da

Singapore Investors Remain Region’s Top Cross-Border Spenders In 2019
Singapore Investors Remain Region’s Top Cross-Border Spenders In 2019

JLL · 9 Sep

Singaporean real estate investors have emerged Asia Pacific's number one source of outbound capital in the first half of 2019, and their overseas dea

Fuel Mobile App Expands Mobile Access Options Through Integration with Onity DirectKey System
Fuel Mobile App Expands Mobile Access Options Through Integration with Onity DirectKey System

Hospitality Technology Magazine · 9 Sep

Feature-rich mobile application for independent properties adds cost-effective digital key capabilities for hotels with Onity locking systems.

Russia Is Relaxing Its Restrictive Visa Regimes for Tourists: Why Now?

skift.com - Destinations · 9 Sep

Russia wants to be seen as a global power and attract all the foreign investment that comes with that. After years of restrictive visa regimes, it se

HVS Brokerage & Advisory Closes Sale of the Candlewood Suites Port Arthur/Nederland
HVS Brokerage & Advisory Closes Sale of the Candlewood Suites Port Arthur/Nederland

HVS News · 9 Sep

HVS Brokerage & Advisory announced that it has closed on the sale of the 65-key Candlewood Suites Port Arthur/Nederland located at 2125 US-69, Ne

Squeezed by Google, TripAdvisor switches up media strategy

hotelmarketing.com · 9 Sep

As Google ramps up its own travel offerings, online travel agencies are beginning to change up their strategies in retaliation.

With this insurance platform, hotels can cut down on liability
With this insurance platform, hotels can cut down on liability

hotelbusiness.com · 7 Sep

SALT LAKE CITY--Technology can streamline any number of hotel operations these days. From booking to marketing to housekeeping to guest services to a

Europe Hotel Transactions Bulletin - Week Ending 06 September 2019
Europe Hotel Transactions Bulletin - Week Ending 06 September 2019

HVS · 6 Sep

MGM Resorts acquires stake in Sydell Group, Corinthia sells Panorama Hotel in Prague to S + B Gruppe, LXI forward-funds three budget hotels in the UK