Hotel Owner

JANUARY 31, 2023

It also refers to fundamental transparency, such as ‘objective and honest information’ that should be provided by tourism suppliers about their destinations and the conditions of travel, hospitality and stays. This is the critical timeline for science-based targets in a hotel’s Sustainability Action Plan.

Travel and Tourism 111

Travel and Tourism Accounting Communication Budgeting 111

Hospitality Net

APRIL 12, 2023

As economy and budget hotels are nearing the end of their economic life, some properties are finding new capital for renovations from buyers seeking to convert properties to residential use. In this article, we provide a sample list of hotels that have gone through this metamorphosis.

Budgeting 97

Budgeting Article 97

Revenue Hub

OCTOBER 13, 2022

You only have to have been working in the hospitality industry for a very short time before you have a hilarious dinner time story to tell. NB: This is an article from GuestRevu. In fact, the world of hospitality humour is so vast that some clever writers even made an entire series about what could go wrong in a hotel.

Front of House 85

Front of House Catering Article Budgeting 85

Hospitality Net

APRIL 11, 2023

A recent Globe Street article chronicles observations from industry professionals that hotels are now a ‘hot’ asset class and a good long-term investment due to a ‘compelling growth story’.1 The assertions in the Globe Street article may be correct although empty without the support of a well-reasoned growth story.

Article 97

Article Budgeting 97

The Restaurant Times

MARCH 6, 2023

It is well known that the hospitality sector has lower profit margins than other market segments. In fact, according to reports , the net profit margins across the restaurant industry decreased from 16% in Q2 2021 to 9.59% in Q2 2022. The gross profit margin is left over after subtracting the cost of the goods sold.

POS Systems 52

POS Systems Catering Server Pricing 52

Modern Restaurant Management

MAY 18, 2022

Likewise, forecasting costs and building budgets will mean understanding medical costs as well as the hiring market. Typically, the net medical plan cost increase for employers has been 17 percent lower than the gross increase due to plan design changes. Consider these factors: According to PwC, medical trend is forecast to be 6.6

Concierge 212

Concierge Budgeting Scheduling Article 212

Revenue Hub

JULY 26, 2023

NB: This is an article from Global Asset Solutions Unlike other products that can be stored and sold later, the prices of hotel room nights often fluctuate based on supply and demand, with prices typically rising during peak seasons or when major events are happening and falling during slower periods.

Pricing 95

Pricing Book Marketing Article 95

Larry Mogelonsky

JULY 11, 2023

Inflation is eating away at net operating income which can curtail funds devoted to future product improvements. When you automatically merge labor data in real-time with corporate-level financial reporting, comparing budget versus actual becomes far more accurate,” commented Moore on this point.

Housekeeping 100

Housekeeping Article Budgeting Scheduling 100

Revenue Hub

OCTOBER 17, 2023

NB: This is an article from Robert O’Halloran , Professor Director, School of Hospitality Leadership at East Carolina University A new hotel to some is just another place some travelers cannot afford to stay. Within hospitality management, these data sets are most commonly associated with customer behavior and interactions.

Pricing 101

Pricing Marketing Training Book 101