6 key PMS features independents must consider budgeting for in 2024
eHotelier
NOVEMBER 28, 2023
6 key PMS features independents must consider budgeting for in 2024 - Insights - Insights
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eHotelier
NOVEMBER 28, 2023
6 key PMS features independents must consider budgeting for in 2024 - Insights - Insights
eHotelier
OCTOBER 19, 2023
Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers.
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Hospitality Magazine
MAY 15, 2024
Restaurant & Catering Australia has commented on the Albanese Goverment’s Federal Budget, stating it has “missed an opportunity to assist a sector that is already in pain” Treasurer Dr Jim Chalmers handed down the 2024-2025 Budget on Tuesday, with hospitality businesses set to benefit from just a handful of policies.
Revenue Hub
SEPTEMBER 18, 2024
Budgeting in hotels is one of the core tasks of revenue management and plays a crucial role in managing operational and financial efficiency. The budget serves as the basis for financial planning, control, and decision-making. Theoretical Foundations of Hotel Budgeting A budget primarily serves to plan and control a company’s finances.
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
Strategic Corporate Budgeting 🎯 Gain insights into creating and maintaining robust budgets that align with your business objectives. 📆 August 20th, 2024 at 9:30 AM PDT, 12:30 PM EDT, 5:30 PM BST Register now to secure your spot!
Revenue Hub
NOVEMBER 17, 2023
In our previous article, we shared insights and advice from global hospitality experts on how to make the 2024 hotel budget process as smooth and painless as possible. Here, we share five ways to improve budget accuracy and performance in uncertain times. So, we’re able to be more aspirational,” he said.
Soft Inn
AUGUST 21, 2024
In 2024, with rising guest expectations and evolving industry standards, maintaining a welcoming environment is becoming more critical than ever. Whether you are running a budget hotel, boutique hotel, or a large resort, a well-structured housekeeping checklist ensures that every guest enjoys a comfortable stay.
Revenue Hub
OCTOBER 20, 2023
Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. NB: This is an article from Hotstats What unique challenges are hotels facing in the 2024 budgeting and planning process? We are looking at the momentum continuing in 2024.”
Hospitality Net
NOVEMBER 8, 2023
In our previous article, we shared insights and advice from global hospitality experts on how to make the 2024 hotel budget process as smooth and painless as possible. Here, we share five ways to improve budget accuracy and performance in uncertain times.
Hospitality Net
FEBRUARY 12, 2024
As hospitality businesses navigate a “new normal” in 2024, many of the top owners and operators have shifted focus from traditional annual budgeting to a more dynamic and responsive forecasting approach. Let’s explore key budget and forecasting strategies to guide you in 2024.
Hospitality Net
SEPTEMBER 5, 2023
As the hotel industry prepares for its annual budget planning for 2024, we’re at a critical moment where technology and financial strategy blend together. This goes beyond simply setting aside funds for new digital tools; it’s about fully integrating technology into our financial and operational plans.
Hospitality Net
OCTOBER 19, 2023
Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. What unique challenges are hotels facing in the 2024 budgeting and planning process? HotStats reached out to global hospitality leaders to find out.
Hospitality Net
SEPTEMBER 20, 2023
Budgeting effectively is a challenge at the best of times, but hoteliers looking to set their 2024 budgets have to do so amid lingering uncertainty across the travel industry.
Hospitality Net
MAY 31, 2024
International hotel brands will continue to pour into Spain, according to Global Asset Solution’s Spanish Hotel Market Outlook 2024. The company said that it expected to see budget brands join the swelling numbers of luxury flags as both domestic and international tourism grew.
Serviced Apartments
MARCH 6, 2024
UK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000. In today’s Spring Budget, Hunt outlined plans to increase the VAT registration threshold from £85,000 to £90,000 for small businesses.
Boutique Hotel News
MARCH 15, 2023
UK: Today, the Chancellor of the Exchequer Jeremy Hunt has outlined his Spring Budget. Contents of the Budget which affect hospitality includes: • From August, alcohol taxes on wines will rise by up to 50p a bottle but the duty charged on draught beer will be up to 11p lower than the duty in supermarkets. • million) will be abolished.
Soft Inn
DECEMBER 28, 2023
In response to the recent announcement in Malaysia's Budget 2024 presented in Parliament, a significant development is on the horizon that may cast a substantial impact on the hotel industry. There is a proposed increase in the Sales & Services Tax (SST) from the current 6% to 8% which might take effect from 1st March 2024.
Hotel Owner
OCTOBER 11, 2023
The Irish Hotels Federation (IHF) has expressed “deep disappointment” with the lack of measures in Budget 2024 to address the soaring costs of doing business for tourism and hospitality, Ireland’s largest indigenous employer. A fundamental restructuring of employers’ PRSI is now essential for our sector.
eHotelier
MAY 30, 2024
International hotel brands will continue to pour into Spain, according to Global Asset Solution’s Spanish Hotel Market Outlook 2024.
Revenue Hub
NOVEMBER 8, 2023
As we enter the fourth quarter of the year, hotel marketers should outline their goals for 2024. NB: This is an article from Travelboom Hoteliers understand the importance of budget season, but often dread dealing with the details. Some may not even know where to begin. SWOT Analysis for Hotels Do you have a hotel SWOT analysis?
Revenue Hub
NOVEMBER 3, 2023
For hotel owners and operators alike, the annual budget is often a gruelling and time-consuming process. Are there ways to make the 2024 budgeting process more streamlined and efficient? Start Early but Submit Late Hoteliers often complain that the budgeting process seems to start earlier every year.
Hotelogix
SEPTEMBER 16, 2024
In 2024, online travel agencies are still an important part of how hotels get bookings. Agoda – Popular in Asia, Agoda lists hotels, hostels, and vacation rentals, making it great for budget and luxury travelers. This blog will explain OTAs, how they work, and why they're essential for hotels.
Hotel Owner
FEBRUARY 29, 2024
Hospitality CEOs from groups including Mitchells and Butlers, Accor Hotels, Stonegate Pubs and Crerar Hotels have signed an open letter urging the Chancellor to take immediate action at the budget to prevent further business failure.
Hospitality Net
JANUARY 10, 2024
Hilton’s recent Trends Report, surveying over 10,000 globetrotters, reveals that 2024 is shaping up to be a year when wanderlust takes center stage. A whopping 64% of travel enthusiasts are reshaping their budgets, cutting back on other expenses to fuel their globetrotting desires. Ready to pack your bags and dive into new adventures?
Blue Magnet Interactive
OCTOBER 27, 2023
The landscape of the hotel industry in 2024 is evolving rapidly, with an unmistakable tilt towards the digital sphere. This article unravels the significance of each component of a well-balanced 2024 Hotel Marketing Budget and offers insights into how you can invest wisely. Versatility: Digital marketing is diverse.
Hospitality Net
OCTOBER 31, 2023
We face a transformative period as we enter budget planning for 2024. While the process remains, the focus and strategies are evolving. The HSMAI Sales Advisory Board recently met to dig into the best practices.
eHotelier
FEBRUARY 13, 2024
According to the 2024 Lodging Technology Study, 100% of survey respondents (hotel professionals representing more than 10,000 properties worldwide, including luxury, upscale, midscale, and economy brands) say their IT budgets will increase or hold steady this year.
HotStats
NOVEMBER 2, 2023
Are there ways to make the 2024 budgeting process more streamlined and efficient? For insights and advice, HotStats reached out to leading hospitality experts around the world.
Hotelogix
SEPTEMBER 6, 2024
Now let's examine a few upcoming hotel trade events that you have to go to in the last few months of 2024. • How much is your budget for the event? Look for new company ventures, growth prospects, and alliances. • Will your target customer base be there? • Who is the potential to follow up with?
Revenue Hub
AUGUST 22, 2024
With increasing competition and more companies fighting for your guests’ wallets in 2024, planning your Black Friday strategy early is key to having a successful weekend (or week) once November rolls around. Read the full article at gcommerce The post 4 Tips to Win Black Friday in 2024 appeared first on Revenue Hub.
Revenue Hub
SEPTEMBER 5, 2023
Planning the budget for your hotel is crucial for financial success. Subscribe to our weekly newsletter and stay up to date In this guide, we’ll break down everything you need to know about budgeting with revenue best practices in mind. You’ll need to address problem areas in your 2024 hotel budget. Let’s dive in!
Hotel Owner
NOVEMBER 7, 2023
AGO Hotels has called for the government to “protect businesses from economic fragility and demonstrate commitment to the hospitality industry, a huge contributor to the UK economy”, ahead of the Autumn Budget. As such it would like to see the Energy Bill Discount Scheme extended for a further period.
Hospitality Net
JUNE 20, 2024
According to an IPSOS report commissioned by Hyatt[1], two thirds (65%) of European and Middle Eastern travellers plan to maintain or increase their travel budgets this year.
Hospitality Net
AUGUST 19, 2024
Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source provides the basis for our illustrated total development costs per room and per product type.
Modern Restaurant Management
JANUARY 30, 2024
So, what can the QSR industry expect in 2024? As consumers continued to watch spending during the holiday-laden end of the year, QSRs remained a budget-friendly way for guests to enjoy dining out without overspending. Looking back at last quarter’s performance suggests the glass is proverbially half full. percent.
Hospitality Net
JUNE 28, 2024
Motel 6, a name synonymous with affordable lodging, has again been voted the "Best Budget-Friendly Hotel Brand" in the annual USA TODAY 10Best Readers’ Choice Awards for 2024.
Hotel Owner
JANUARY 2, 2024
UKHospitality has unveiled a three-point plan which it will focus on in 2024 to put hospitality at the “front and centre of policy making” ahead of the next General Election. The government has also confirmed that chancellor Jeremy Hunt will deliver his Spring budget on 6 March 2024.
Modern Restaurant Management
FEBRUARY 5, 2024
Pizza Ordering Predictions HungerRush released the results of a national dining survey on 2024 pizza ordering predictions for The Big Game (February 11) and National Pizza Day (February 9). Restaurateurs are not only investing in AI to address labor challenges – more established automation tools are also on the agenda in 2024.
Modern Restaurant Management
JANUARY 3, 2024
Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. We will rely heavily on the travel industry in 2024 to continue bringing us customers from local cities like Philadelphia, DC, Baltimore, New York, NJ, etc.
Lodging Magazine
FEBRUARY 1, 2024
ARLINGTON, Virginia—Knowland and ConferenceDirect announced the results of their annual report, 2024 State of the Meetings Industry. The collaboration shares insights to help industry professionals understand what meeting planners and event managers expect and will prioritize in 2024.
Hospitality Net
NOVEMBER 2, 2023
For hotel owners and operators alike, the annual budget is often a gruelling and time-consuming process. This year, with persistent inflation, added pressures on cost control, and uncertainty about the economy, the process is as fraught as ever.
HotStats
NOVEMBER 8, 2023
HotStats share five ways to improve budget accuracy and performance in uncertain times.
Hospitality Net
OCTOBER 12, 2023
Hoteliers know that guest experiences drive revenue. In recent years, leading hoteliers have responded to the pressure to leverage data to deliver more personalised, streamlined stays for their guests.
Modern Restaurant Management
JULY 16, 2024
Cost conscious consumers are looking for budget-friendly options. There is a high demand for dining experiences and consumers are now putting more of their budget towards eating out. What kind of properties are currently in demand and what trends are you seeing? What markets are doing well and why and what ones are not doing so well?
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