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2023 hotel and travel trends

Boutique Hotel News

BHN editor Eloise Hanson outlines six hotel and travel trends expected to shape the industry in 2023. HiJiffy’s AI system Aplysia is the product of six years of training and can escalate conversations to relevant departments based on syntax and semantic analysis as well as emotional understanding. . Hotel e-tail. Digital twins.

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Hotel accounting: Your property’s comprehensive guide

SiteMinder

What is hotel accounting? Hotel accounting is the process of recording and maintaining the financial records and performance of your hotel business. Good accounting makes the finances of your hotel easy to understand for management and other stakeholders – so they can make informed decisions. room sales).

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Hotel Equities reports successful 2023

Hotel Business

HE’s Founder/Chairman Fred Cerrone was honored at the 2023 Hunter Hotel Investment Conference with the Award for Excellence & Inspiration, and HE’s Finance team was named Finance Company of the Year by OnCon. The post Hotel Equities reports successful 2023 appeared first on hotelbusiness.com. Marriott Jr. Guest Experience Award.

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2023 Outlook: Trends and Challenges Restaurants Will See, Part Two

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. In 2023, we can anticipate businesses really focusing in on value and doing what they can to attract and retain both employees and guests. For part one, click here.

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How F&B Companies Can Mitigate Some of the Industry’s Biggest Risks

Modern Restaurant Management

In fact, according to the Business Research Company’s 2023 Food and Beverages Global Market Report, the global industry’s market size grew over 7.3 billion in 2023 in one year alone. Already one of the largest sectors of the global economy, the food and beverage industry shows no signs of slowing down. percent from $6,729.54

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How Restaurant Operators Can Harness the Power of POS Data Analytics

Modern Restaurant Management

Recent findings reveal that researching a new POS for implementation after 2023 is a priority for 43 percent of restaurants , with 29 percent hoping to upgrade their POS for better omnichannel integrations. Regular analysis of customer preferences can also guide seasonal menu adjustments and staff training for data-driven upselling.

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Report: Group revenue fully recovered in Q2 for top 14 markets

Hotel Business

Louis – 101% Los Angeles – 101% Austin – 100% Key insights from the Q2 2023 index are as follows: Group business leads recovery: Group business continues to lead in recovery as Q2 2023 is at 102% of Q2 2019 levels, driven by a nearly 11% increase in ADR, while room nights are lagging 8% behind Q2 2019 levels.