Hotel Owner

MARCH 2, 2023

The actions undertaken by each of The Resident Hotels include working to support local communities, partnering with charities Springboard and Hospitality Action and following an ethical policy. The hospitality sector is a key part of the race against time to halve global emissions by 2030 and reach net zero carbon emissions by 2050.

Information 105

Information 105

InnQuest

AUGUST 3, 2023

In the hospitality industry, guest satisfaction is the ultimate goal. To ensure continuous improvement and success, hospitality businesses must adopt effective methods to measure guest satisfaction. The bottom line benefits of guest satisfaction in hospitality industry are customers’ recommendations and repeat business.

Guest Satisfaction 217

Guest Satisfaction Book Document Blog 217

Revenue Hub

APRIL 23, 2024

In today’s competitive hospitality landscape, hoteliers are constantly seeking ways to stand out and attract guests. This information can then be used to target the perfect audience with the right message, at the exact moment they’re most receptive. Targeted Reach: Gone are the days of casting a wide marketing net.

Marketing 86

Marketing Budgeting Book Information 86

Hotelogix

NOVEMBER 12, 2023

Reports like hotel revenue report and MIS hotel report are essential for every type of hospitality property. Plus, it also provides you with information on rooms per day (RPD) and occupancy percentage for the past 10 days and its forecast for the next 30 days.

Property Management 147

Property Management Reservations Book Accounting 147

Boutique Hotel News

JANUARY 16, 2023

Industry leaders share their thoughts on the travel, hospitality and economic landscape in 2023. Closer to home, hybrid hospitality is likely to reap rewards thanks to the continued growth of the consumer preferences that have so far underpinned its success. BHN reports. Stephen McCall , CEO, edyn: .

Pricing 246

Pricing Marketing Budgeting Training 246

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

Larry Mogelonsky

MARCH 14, 2024

Joining the Mille Club For context, one of the biggest trends right now in global hospitality is the proliferation of brands that have no problem sustaining year-round rates above $500, $750, $1,000, $2,000 or even $4,000 per night for a standard king room. Net abandoned calls are usually less than 5%.”

Reservations 100

Reservations Book Information Document 100

Revenue Hub

JULY 17, 2023

Source What else is happening in the tourism and hospitality industries? Ramp up of events Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, has recently reported that June meeting and event volume is up 30.3%

Travel and Tourism 68

Travel and Tourism Book Article Events 68

Hotel Owner

JUNE 18, 2023

In the dynamic, customer-centric world of the hospitality industry, understanding your business’s performance is key to staying ahead of the competition. The importance of KPIs in the hotel industry cannot be overstated—they facilitate decision-making, inform strategic planning, and ultimately drive business growth.

Strategic Planning 105

Strategic Planning Guest Satisfaction Book Housekeeping 105

Boutique Hotel News

SEPTEMBER 30, 2022

But for hospitality businesses, it isn’t always easy to measure the ethics of your offering. Whereas large hotel brands can often be more vague in their promises on sustainability and the drive to net zero, boutique hotels can afford to be more candid about what precisely they are doing to help save the planet.

Information 130

Information 130

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. For this reason, the profit margin of your restaurant is one of the defining factors of its success.

POS Systems 52

POS Systems Catering Server Pricing 52

Synergy Suite

NOVEMBER 23, 2023

Understanding EBITDA is vital for restaurant owners, as it provides a more accurate picture of operational profitability, a key to making informed business decisions. This metric is calculated by adding back interest, taxes, depreciation, and amortization to net income. What is EBITDA?

Accounting 52

Accounting Information Demo Marketing 52

Revenue Hub

OCTOBER 25, 2023

NB: This is an article from IDeaS With everything from smartphone apps to door locks to checking in on guest activity, operators have long had more data than they could ever hope to sort through efficiently, and the big data conversation in hospitality has been overwhelmed with noise or misdirected by the wrong information.

Book 87

Book Housekeeping Maintenance Information 87

Modern Restaurant Management

JUNE 16, 2020

As is common in the hospitality industry such as restaurants and bars, many of these tipped employees also perform non-tipped services such as busing tables, table preparation, and bundling napkins and silverware. This exception allows employers to pay such employees a cash wage of no less than $2.13

Information 188

Information 188

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 86

Download Article Pricing Definition 86

Serviced Apartments

AUGUST 29, 2023

In line with the aim of becoming a net zero brand, the room2 Belfast property is fully electric with 100 per cent of the building’s embodied carbon rebalanced to zero on completion. We want our hometel to provide a place of comfort for both locals and tourists, further making our mark in the hometel sector of the hospitality industry.”

Workshop 52

Workshop Presentation Information Events 52

Hospitality Net

APRIL 4, 2024

Ireckonu, an innovative Hospitality Middleware and Customer Data Platform for hotel chains, today announced the achievement of ISO/IEC 27001:2022 certification, a globally recognized standard for information security management systems (ISMS).

Information 110

Information 110

Modern Restaurant Management

APRIL 21, 2021

Now that vaccines are becoming widely available, the hospitality industry is approaching a new version of normal whereby restauranteurs can maintain a safe and healthy workplace that supports efforts to rebuild and thrive. Paid sick and safe leave is available to employees who work for business with five or more employees.

Presentation 197

Presentation Article Information 197

Revenue Hub

OCTOBER 12, 2022

Comprehensive business intelligence data is critical to inform strategic decision making across all aspects of hospitality – from revenue strategy, to marketing, sales, and operations. to truly cast a wide net and elevate your brand’s visibility in front of travelers and travel agents alike. Lead with data.

Budgeting 85

Budgeting Reservations Book Article 85

Revenue Hub

NOVEMBER 30, 2022

Distribution strategy in the hospitality industry is changing. Hoteliers are becoming more selective in how they think about managing channels, focusing on the value of partnership and net key performance indicator performance. NB: This is an article from IDeaS. Subscribe to our weekly newsletter and stay up to date.

Reservations 80

Reservations Pricing Book Accounting 80

Hotel Owner

FEBRUARY 22, 2023

It is a vision of a better tourism industry, with sustainability as a core value that underpins all businesses, with courageous leaders who use the power of business to achieve the UN Sustainable Development Goals (SDGs), advance circularity, contribute to conservation and operate with Net Zero emissions. The economic optimism collapses.

Travel and Tourism 105

Travel and Tourism Accounting Training Budgeting 105

Serviced Apartments

FEBRUARY 13, 2024

Finland: Helsinki-based, tech-powered hospitality operator Bob W has announced the completion of a €40 million Series B funding round. This funding enables us to further develop our technology, recruit top talent, and reinforce Bob W as Europe’s most loved hospitality brand,” he added. The company also offsets emissions of each stay.

Customer Service 52

Customer Service Procurement Information Marketing 52

Revenue Hub

APRIL 13, 2023

Measuring profit allows hoteliers to understand the true financial health of their business and make informed decisions about pricing, operations and investments. Profitability ratios such as gross profit margin, operating profit margin and net profit margin provide insights into the efficiency and profitability of a hotel’s operations.

Accounting 73

Accounting Article Pricing Information 73

Revenue Hub

OCTOBER 13, 2023

Having a financial safety net can help your hotel take on unexpected challenges. Flexibility is key to budget management, especially in the dynamic hospitality industry. Always embrace change, stay informed about industry trends, and remain open to feedback from your team and guests. Monitoring and Adjustments Why Monitoring?

Budgeting 91

Budgeting Revenue Projections Article Maintenance 91

Hospitality Net

APRIL 22, 2024

CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. A number of large-scale events have boosted hotel performance in Adelaide, with further jumps expected for upcoming events, according to recent data from CoStar.

Events 96

Events Book Information Marketing 96

Hospitality Net

APRIL 29, 2024

CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.RamadanDuring Ramadan (11 March - 9 April), Dubai saw its highest daily occupancy levels on Friday, 29 March (at 78.9%), which coincided with the Easter holiday weekend.

Information 97

Information 97

eZee Absolute

JANUARY 9, 2024

They securely capture and transmit payment information, facilitating seamless processes at various touchpoints such as check-in desks, restaurants, and mobile service areas. Having a secured payment processing terminal prioritizes your privacy and keeps guests’ sensitive information safe.

Budgeting 59

Budgeting Training Information Communication 59

Revenue Hub

NOVEMBER 17, 2022

NB: This is an article from Net Affinity. A recent article from Accor identifies a number of trends that will dominate the hospitality industry over the coming years. You need everyone on the team to understand the importance of getting the right information from guests, and storing it in the right place.

Communication 61

Communication Article Book Information 61

Hospitality Net

APRIL 16, 2024

CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Paris hotel bookings for the 2024 Summer Olympics are pacing above 60%, according to CoStar’s latest Forward STAR data.

Book 89

Book Information Marketing 89

Hospitality Net

APRIL 29, 2024

Examining the unique travel preferences, behaviors and barriers of this audience segment, the study highlights the significance of accommodations such as low-sensory/quiet areas, clear and transparent information up front, and – perhaps most importantly – a call for greater kindness and patience.

Information 87

Information 87

Hospitality Net

APRIL 17, 2024

CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. The volume of U.S. hotel rooms under construction grew year over year for the first time since June 2023, according to CoStar’s March 2024 data.

Information 89

Information Marketing 89

Hospitality Net

MAY 3, 2024

CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar’s latest data through 27 April.

Information 73

Information Marketing 73

Hospitality Net

MAY 1, 2024

Your average revenue management platform can make an algorithmic guess on what you ought to charge, based upon historical data plus whatever information other users on the platform chose to disclose. You’ve got roughly half an hour to decide what average daily rate ought to be for your soon-to-be-sold-out room inventory.

Information 86

Information 86

Hospitality Net

MAY 2, 2024

Digital identity is key to accessing services, verifying information, and navigating the ever-expanding digital landscape. This development underscores the growing importance of digital identity, which encompasses secure online representations of who we are.

Information 75

Information 75

Hospitality Net

APRIL 22, 2024

CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. hotel industry reported higher performance results from the previous month, but mixed comparisons year over year, according to March 2024 data from CoStar.

Information 82

Information Marketing 82

Hospitality Net

OCTOBER 26, 2023

Each year, Hospitality Financial and Technology Professionals (HFTP®) seeks input from industry professionals and presenters to help create an engaging, informative and comprehensive education program for the association’s foremost event, the Hospitality Industry Technology Exposition and Conference (HITEC®).

Presentation 111

Presentation Scheduling Information Events 111

Hospitality Net

MAY 1, 2024

Choice is currently piloting a new technology with AWS called Amazon Q where we’re leveraging AI to integrate customer interactions to inform and personalize other touchpoints in their journey.

Customer Service 73

Customer Service Information Book 73