Hospitality Net

JANUARY 16, 2024

DQ, an Abu Dhabi-based investment and holding company, and ADNEC Group (“ADNEC”) today announced the signing of definitive agreements for the strategic acquisition of a 40.5 percent stake in Egypt-based Talaat Moustafa Group Holding’s (“TMG Holding”) hospitality arm, ICON Group (“ICON”) through a capital increase.

Definition 82

Definition 82

Lodging Magazine

MARCH 1, 2024

DALLAS—Ashford Hospitality Trust, Inc. announced that it has signed a definitive agreement to sell the 390-room Hilton Boston Back Bay in Boston, Massachusetts, for $171 million ($438,000 per key). The sale is expected to be completed in March and is subject to normal closing conditions. For the trailing 12 months ended Dec.

Definition 69

Definition Magazine 69

Hotel Business

FEBRUARY 29, 2024

Ashford Hospitality Trust Inc. has signed a definitive agreement to sell the 390-room Hilton Boston Back Bay for $171 million ($438,000 per key). 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 31, 2023, the hotel’s net income was $2.3 2023 hotel EBITDA.

Definition 59

Definition Pricing Marketing 59

Hospitality Net

DECEMBER 5, 2023

In an era of rising operational costs and sustained labor challenges, operational efficiency in hotel back offices has become paramount. Uncover simple steps to automating many aspects of a back office that will improve hotel operations, reduce costs, and decrease your hotel’s environmental footprint.

Definition 98

Definition 98

Hotel Owner

JULY 26, 2023

IHG Hotels and Resorts has partnered with Zeal Hotels to deliver Voco Zeal Exeter Science Park, the first lifecycle net zero carbon hotel for both businesses, in 2024. This follows the signing of a landmark exclusivity agreement between IHG and Zeal, which was revealed at the International Hotel Investment Forum (IHIF) in Berlin this May.

Definition 98

Definition 98

Hospitality Net

DECEMBER 4, 2023

Hotels use, on average, 20 discrete on or above-property systems to service their guests, manage operations, and facilitate commerce. This complicated web of systems was born out of necessity, because of the complexity of running a hotel. As a result, data has become siloed, which in turn has led to new commercial and operational challenges.

Definition 52

Definition 52

Hospitality Net

OCTOBER 29, 2023

Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions.

Pricing 83

Pricing Definition Marketing 83

Hotel Owner

OCTOBER 25, 2023

The hotel is scheduled to open its doors in early 2024 in partnership with Cliste Hospitality. The new hotel will be IHG’s first lifecycle net zero carbon hotel. Voco Belfast will be a brand debut into Northern Ireland, marking a “significant milestone” in the brand’s expansion.

Definition 98

Definition Scheduling Marketing 98

Hospitality Net

AUGUST 1, 2023

Every had an amazing stay experience either for business or for pleasure, everything went right from the check-in to the room and everything in between, and now you are going home or on to your next destination, but before you go, how about a spot of breakfast before hitting the road?

Definition 94

Definition 94

Hotel Business

MARCH 13, 2023

The Sustainable Hospitality Alliance (SHA) , which brings together the industry to create a prosperous and responsible global hospitality sector that gives back to the destination more than it takes out, has released the Pathway to Net Positive Hospitality v2.0. An outline of the material topics for the industry.

Travel and Tourism 52

Travel and Tourism Definition 52

Hotel Owner

FEBRUARY 8, 2024

A response from the hospitality body comes as the Department for Energy Security and Net Zero proposed to expand access to the Energy Ombudsman and Ofgem to widen the Complaints Handling Standards. As currently proposed, thousands of hospitality businesses would be unable to feel the benefit.

Definition 52

Definition Pricing Marketing 52

Hotel Owner

FEBRUARY 8, 2024

The hotel was sold to a private, first-time buyer with experience in hospitality. However, the hospitality body insists that these protections should apply to all businesses, not just those meeting the “Small Business Consumer” criteria. Simon Watson, the business agent at Christie and Co, facilitated the sale.

Catering 52

Catering Definition 52

Hotel Business

JULY 26, 2023

will be the first lifecycle net-zero carbon hotel for both businesses. Scheduled to open in 2024, voco Zeal Exeter Science Park has been designed to align with the Net Zero Carbon Buildings Framework Definition of the U.K. The post IHG to open its first lifecycle net-zero carbon hotel appeared first on hotelbusiness.com.

Definition 52

Definition Scheduling 52

Revenue Hub

NOVEMBER 7, 2023

NB: This is an article from Smartpricing Subscribe to our weekly newsletter and stay up to date Understanding Historical Data and Its Impact on Revenue Strategy At the heart of a thriving hospitality enterprise lies a treasure trove of data − your historical performance records.

Download 89

Download Article Pricing Definition 89

Hospitality Net

APRIL 25, 2024

From its broad definition of “worker” to its exceptions and impending legal challenges, understanding the nuances of this rule is crucial for employers preparing for compliance. Federal Trade Commission’s recent decision to ban non-compete agreements marks a pivotal shift in employment regulations nationwide. JMBM Partner Michael H.

Definition 65

Definition 65

Hospitality Net

FEBRUARY 6, 2024

There are many definitions of machine learning (ML). For purposes of this explainer, ML is the scientific study of algorithms and statistical models that computer systems automatically use in real-time to effectively perform a specific objective function (such as optimizing revenue) without using explicit instructions.

Definition 96

Definition 96

Hospitality Net

MARCH 20, 2024

Read on to discover the definition of service excellence in 2024. One of the best examples of service excellence is the Ritz-Carlton’s Gold Standards, with their famous $2,000 rule which employees are empowered to spend to delight a guest above and beyond fixing problems. How many of us actually know what ‘service excellence’ truly means?

Definition 98

Definition 98

Hospitality Net

NOVEMBER 6, 2023

(NYSE:HGV) (“HGV” or “the Company”) today announced that that it has entered into a definitive agreement to acquire Bluegreen Vacations (NYSE: BVH; OTCQX: BVHBB) for $75 per share in an all-cash transaction, representing total consideration of approximately $1.5 billion, inclusive of net debt.

Definition 107

Definition 107

Hotel Business

OCTOBER 25, 2023

The hotel is scheduled to open its doors in early 2024 in partnership with Cliste Hospitality. voco Zeal Exeter Science Park, UK: IHG’s first lifecycle net zero carbon hotel is scheduled to open in early 2025. voco Belfast will feature 120 rooms and enjoys a prime location in the city center.

Scheduling 64

Scheduling Definition Communication Marketing 64

Hospitality Net

MAY 17, 2023

The hotel will be both companies’ first lifecycle net zero carbon hotel. Aligned with the UK Green Building Council’s framework definition of net zero carbon buildings, it is set to open next year.

Definition 98

Definition 98

Revenue Hub

SEPTEMBER 27, 2023

Upselling offers one of the most effective, proven ways to increase a hospitality organization’s income by selling to someone who is already your customer. Since these room attributes are, by definition, room product, ABS upsells are basically pure profit and pure NOI (net operating income).

Reservations 94

Reservations Guest Satisfaction Housekeeping Article 94

Hospitality Net

APRIL 24, 2023

That definition is not for me, so bootstrapping also has a broader slang meaning that most people get. Bootstrapping is a statistical metric that uses random sample replacements.

Definition 74

Definition 74

Hospitality Net

DECEMBER 27, 2023

And we mean ‘peruse’ in its literal definition; we read through the entirety of TripAdvisor, OTA reviews and other survey channels, never settling for the aggregate metrics as presented. What we’re looking for in all this is, in a word, ‘significance’ or what’s truly meaningful for the guest.

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Definition Presentation 70

Hospitality Net

APRIL 6, 2023

EHL’s patisserie experts, Julien Boutonnet and Julien Gradoz, have joined forces to create their definitive guide to easy pastry with an innovative twist. For those of you who find the idea of pastry making a terrifying prospect, fear not.

Book 85

Book Definition 85

Hospitality Net

SEPTEMBER 6, 2023

6, 2023 – Unifocus, the leading provider of workforce management systems to the hotel and hospitality industry, published a proprietary study offering insights into the hotel industry’s ongoing labor shortage and how operators can adapt to achieve and maintain efficiency and profitability. DALLAS, TX – Sept.

Definition 71

Definition 71

Hospitality Net

DECEMBER 7, 2023

Cloud5 Communications, the leading provider of IT solutions and services for more than 5,000 hotels across the Americas, today announced its partnership with PureHD, a leading provider of digital, high-definition, interactive streaming solutions for the hospitality industry.

Communication 52

Communication Definition 52

Hospitality Net

JULY 21, 2023

While many commentators have an opinion, there are comparatively few experts in the field able to offer definitive insight. It can be difficult to get a firm overview of what GPT (Generative Pre-trained Transformer) models might mean for the future of the travel industry – or, indeed, humanity.

Definition 65

Definition Training 65

Hospitality Net

JULY 23, 2023

Part of that potential stems from the all-embracing, or rather ambiguous, definition of the word. Wellness has tremendous potential for hotels, as is being made abundantly clear from the litany of articles on the matter in recent months.

Definition 75

Definition Article 75

Hospitality Net

MAY 18, 2023

It does seem that there is a shift towards a new definition of luxury, particularly among the younger generation of consumers who prioritise experiences and authenticity over material possessions. This trend has been further accelerated by the COVID-19 pandemic, with “revenge travel” (a real thing!)

Definition 69

Definition 69

Hospitality Net

MARCH 26, 2024

American Express Global Business Travel (“Amex GBT”), which is operated by Global Business Travel Group, Inc.

Definition 52

Definition Pricing 52

Hospitality Net

APRIL 4, 2024

Since 2022, the hospitality sector has witnessed a dramatic shift in its financial leadership environment. From a hospitality perspective, this CFO “carousel” and the high demand in 2023 for CFOs and other finance executives is unlike anything the industry has ever experienced.

Definition 40

Definition Marketing 40

Hotel Owner

JUNE 23, 2023

I could see there was a need among people who were busy, high net worth delegators. We’re really disrupting the hospitality market, which has always been a very transient market. How has your experience in residential property helped your entry into hospitality? I’ve learned a huge amount from hospitality.

Marketing 104

Marketing Pricing Definition Budgeting 104

Hospitality Net

DECEMBER 4, 2023

Rocco Forte Hotels (the group) is pleased to announce that the Public Investment Fund (PIF) has entered into a definitive agreement to acquire a significant minority stake in the group. The Forte family will retain majority ownership and control. The arrangement sees the Italian entity CDPE Investimenti (CDPEI) selling its entire stake.

Definition 40

Definition 40

Hospitality Net

AUGUST 28, 2023

per share in an all-cash transaction valued at approximately $1.4 billion.

Definition 73

Definition Pricing Marketing 73

Hospitality Net

SEPTEMBER 20, 2022

A joint venture of NewcrestImage and Hospitality Capital Partners (HCP) has reached definitive agreement to acquire 16 Marriott-branded hotels with a total of 2,155 rooms in nine states. The portfolio includes 13 Courtyard and three Residence Inn pr.

Definition 40

Definition 40

7 Shifts

JULY 8, 2023

Artinian: "Not to be overly cliche, but I think aligned values has always been sort of a standard definition of culture. Being of service is the S and obviously we're in the hospitality business and we're of service to each other. So that is definitely a big challenge of ours, but it's where we keep our focus." How we do that?

Training 109

Training Server Communication Definition 109

7 Shifts

APRIL 26, 2023

There's definitely been a deeper segmentation relative to what I had first entered into the market as. View this post on Instagram A post shared by 7 Leaves Cafe (@7leavescafe) But last but definitely not least is really just trying to find the right team member base that elevates our brand and meets the needs of our customers.

Definition 78

Definition Information Accounting Marketing 78