Strategic financial planning in uncertain times
eHotelier
SEPTEMBER 13, 2023
In the wake of the global pandemic and its impact on the hospitality industry, financial planning and revenue management have become crucial for the survival of hotels.
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eHotelier
SEPTEMBER 13, 2023
In the wake of the global pandemic and its impact on the hospitality industry, financial planning and revenue management have become crucial for the survival of hotels.
Modern Restaurant Management
MARCH 14, 2024
The event planning industry is experiencing a significant transformation. This shift from traditional expertise to technological innovation in wine selection is reflective of a broader transformation within event planning.
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eHotelier
FEBRUARY 28, 2023
By placing focus on planning for emergencies, your hotel is likely to be able to recover from them more positively. While the potential for emergencies to arise may be outside of your hotel’s control, your ability to respond is not.
eHotelier
OCTOBER 26, 2022
Highlights from a research project that lays out the framework of the most realistic and implementable steps to get a hospitality sustainability action plan started from the hotelier's perspective.
Speaker: James Kahler, COO of Full Course
Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.
eHotelier
JANUARY 23, 2024
Spending more, booking earlier, lost luggage fears and delayed revenge travel are some of the insights provided by Sabre’s global workforce in a recent survey about 2024 travel planning.
Modern Restaurant Management
JANUARY 27, 2023
A business plan is necessary to clarify everything in the beginning. Strategic planning before investing is quite critical to the success of any business and can help define a clear pathway. Because of the high failure rate of restaurants,, one cannot doubt the importance of strategic planning.
Modern Restaurant Management
DECEMBER 21, 2023
Taking proactive measures and having plans in place will allow your business to react quickly to help minimize the impact of an emergency. Being in the restaurant industry is hard enough, but you can plan ahead for peace of mind in 2024. This in turn can save you time, money, and possibly even save lives.
eHotelier
JANUARY 24, 2024
Planning permission has been granted by Glasgow City Council for the Cheval Maison - West Regent in Glasgow, due to open in 2026. Cheval Collection will operate the 70-unit development under a management agreement with owner 141WRS.
eHotelier
JANUARY 26, 2023
The current situation requires us to plan for changes: if your planning is thorough but flexible, it is likely to be more agile, which makes it far more future-proof.
Modern Restaurant Management
JANUARY 31, 2024
Ninety-four percent of operators are planning some form of expansion and more than half of the 600 U.S full service restaurants surveyed plan to introduce catering services. Why do you feel so many restaurateurs are planning for expansion and investing in their businesses?
Hotel Owner
MARCH 11, 2024
However, the journey towards refurbishing a hotel is far from straightforward; it involves a labyrinth of legal regulations and bureaucratic procedures, with obtaining planning permission standing as a critical milestone. Several key factors come into play when seeking planning permission for hotel refurbishment projects.
Hotel Management Network
MARCH 26, 2024
Whitbread and Lazari Investments have obtained planning consent for a new hub by Premier Inn hotel beneath the Brunswick Centre in London. The post Whitbread gains planning approval for London underground hotel appeared first on Hotel Management Network.
eHotelier
MAY 1, 2024
World of Hyatt, Hyatt’s award-winning loyalty program, is teaming up with Peloton to become the first global hospitality loyalty program with plans to reward its loyalty members for doing more of what they love – earning World of Hyatt points when they use Peloton equipment at Hyatt properties in countries where Peloton currently operates.
Hotel Business
APRIL 29, 2024
Real estate development company LVXP has plans to deliver a new experiential mixed-use development on the Las Vegas Strip that will be anchored by a technologically advanced entertainment and sports arena. Las Vegas-based entertainment and architecture firm Steelman Partners will design the project’s architectural plans. “My
Modern Restaurant Management
FEBRUARY 14, 2022
It may sound like just an excuse to eat out, but experiencing the food and ambience of your competitors is essential to writing a persuasive restaurant business plan. So let’s look at a few of the aspects of your competition that your investors will want to see in your business plan. Menu and Price Points. Food Quality.
Modern Restaurant Management
AUGUST 30, 2023
In this current economic climate, it can be a challenge for restaurant owners to adequately plan for the future while dealing with the day-to-day necessities. With ever rising costs for supplies and staffing, how can a restaurant owner/operator best plan for the future? Should they rethink expansion plans?
eHotelier
JUNE 5, 2023
announced today, in connection with the 2023 NYU International Hospitality Industry Investment Conference, its plans to further expand in the affordable midscale lodging segment, following its recent entry into the segment with City Express by Marriott in Latin America. Marriott International, Inc.
Hotel Business
APRIL 4, 2024
In the latest edition of the firm’s Portrait of American Travelers study, three-quarters of Americans (76%) report they plan to take a vacation in the next 12 months, a notable increase from 70% observed this time last year. The post Survey: 76% of Americans plan trip in next year appeared first on hotelbusiness.com.
Hospitality Magazine
APRIL 26, 2023
The post The planning of the Maybe Cocktail Festival appeared first on hospitality | Magazine. How can we grow and inspire each other if we don’t get out there or bring the world here? You can talk to the greatest bartenders in the world in one city for one week. I’ve never seen something like this done in Australia.”
SAS
FEBRUARY 1, 2024
Retailers face unprecedented challenges with supply chain volatility, inflation, oil price fluctuations, labor shortages and geopolitical activities, making it difficult to plan across the organization. The post Benefits of an AI driven retail planning strategy appeared first on SAS Blogs. The emergence of an [.]
eHotelier
MARCH 13, 2024
In the fast-paced world of hospitality, hotels are constantly seeking ways to enhance guest experiences. One crucial aspect that often gets overlooked is the pre-arrival phase.
Serviced Apartments
MAY 9, 2024
UAE: Rotana has revealed its growing pipeline of planned openings in the Middle East, Africa and the UK. On its upcoming plans, Rotana said it is set to launch nine new properties in Saudi Arabia over the next four years, doubling its key count in the country to over 4,400.
Serviced Apartments
MAY 9, 2024
UAE: Rotana has revealed its growing pipeline of planned openings in the Middle East, Africa and the UK. On its upcoming plans, Rotana said it is set to launch nine new properties in Saudi Arabia over the next four years, doubling its key count in the country to over 4,400.
Modern Restaurant Management
DECEMBER 1, 2021
It’s important to recognize, though, that you shouldn’t attempt a renovation without sufficient planning. They’ll gain an understanding of your income history, gather information about the industry, and meticulously plan with your goals in mind. This isn’t about being pessimistic about your project.
Serviced Apartments
MAY 9, 2024
UAE: The Ascott Limited has unveiled ambitious expansion plans to grow its portfolio in the MENA region. It also plans to enter new source markets including Kuwait and Egypt, while growing in existing markets like Oman and Bahrain. The post Ascott announces plans major MENA expansion appeared first on Serviced Apartment News.
Hospitality Net
APRIL 9, 2024
With Google Cloud’s technologies, IHG will launch a generative AI-powered travel planning capability that can help guests easily plan their next vacation directly in the IHG One Rewards mobile app in a suite of new features that will launch in the second half of 2024, creating a more dynamic digital guest experience.
Modern Restaurant Management
FEBRUARY 25, 2020
In fact, 69 percent of business owners who plan to retire within the next three years lack a formal succession plan, according to a survey from Bank of America Private Bank. These are the key components to an effective franchise succession plan: Find a Capable Successor. Prepare an Estate and Tax Plan.
eHotelier
MAY 24, 2023
The European Travel Commission (ETC) is launching its Climate Action Plan.
Hotel Owner
JANUARY 9, 2024
Bespoke Hotels, a collection of almost 90 independent hotels across the length of the British Isles, has unveiled its plans to strengthen its existing portfolio with a series of development projects over the next 12 months. Full takeover of Lumley Castle Hotel, County Durham, which includes a soft refurbishment in the coming months.
Hospitality Net
APRIL 18, 2024
Next to the planned Kempinski Hotel Yangzhou Nuoyuan, Bristoria Hotel Yangzhou will have 312 guestrooms and a wide selection of meeting rooms and function spaces, providing a home from home for travellers visiting the region to explore the city’s dynamic business opportunities.
Modern Restaurant Management
DECEMBER 5, 2023
In this episode of the Making Dough Restaurant Show , host Hengam Stanfield logistic tips for the holidays and winter weather. She offers nine tips for restaurant owners and managers to conquer the unique challenges that cold weather brings and explores the cozy side of winter hospitality.
Hotel Business
FEBRUARY 1, 2024
The resort’s accommodations will be diverse, with a range of floor plans catering to various preferences. The post Sports Illustrated Resorts plans first Texas location appeared first on hotelbusiness.com. The resort will stand nine stories tall and feature a total of 200 rooms.
Serviced Apartments
MAY 9, 2024
UAE: The Ascott Limited has unveiled ambitious expansion plans to grow its portfolio in the MENA region. It also plans to enter new source markets including Kuwait and Egypt, while growing in existing markets like Oman and Bahrain. The post Ascott announces plans for major MENA expansion appeared first on Serviced Apartment News.
7 Shifts
OCTOBER 31, 2022
You can't start a restaurant without a plan. A restaurant business plan is one of the most (if not the most) essential elements in getting a new restaurant off the ground. There are a few reasons for this: A business plan is typically the first thing any lender or investor will want to look at. Section 4: Marketing Plan.
Hotel Owner
MARCH 11, 2024
Starwood Capital, the owner of the De Vere portfolio, has announced that it is planning to merge with Jaws Mustang Acquisition Corp. The two companies have signed a non-binding letter of intent to complete a deal that outlines a joint venture which would include the acquisition of the De Vere and 1 Hotels portfolios.
Hospitality Net
MAY 10, 2024
The long-term agreement is aimed at advancing the travel experience through flexibility, exclusive packages, and savings for leisure and corporate customers, whilst driving the mutual global growth plans for both companies.
Industry Insights Lodging Magazine
NOVEMBER 2, 2023
travelers who are celebrating a winter holiday are planning to participate in an average of 10 or more gatherings this year. Eighty-four percent of respondents plan to travel to at least one gathering, […] The post Motel 6: U.S. Travelers’ Holiday Plans Will Increase Travel appeared first on LODGING Magazine.
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.
Modern Restaurant Management
JUNE 16, 2021
In the case of a restaurant business owned by a corporation or LLC, one of those reasons is the shareholders’ or members’ failure to have a plan to replace the key decision-maker(s). A good business succession plan can help mitigate the risk of that happening. What kind of company needs a business succession plan?
Hospitality Net
FEBRUARY 19, 2024
Louvre Hotels Group, the second-largest player in the hotel industry in France and Europe, with flagship brands such as Campanile, Kyriad and Première Classe, is implementing a strategic plan aiming, by 2028, to position each of its brands among the top 3 performing ones in the segments and countries where the group operates.
Hotel Owner
DECEMBER 1, 2023
Cliffemount Hotel in Runswick Bay has been granted planning permission by North Yorkshire Council’s Planning Authority. Fojt said: “After a long process, my family and I are incredibly excited to get the go-ahead for planning and get started on the building and development of the hotel.
Modern Restaurant Management
MARCH 15, 2021
This includes operations manuals, brand standards, and marketing plans. Having these kind of processes and support systems in place can set you apart from other franchisors who may not be as intentional with their startup and support processes. Be Ready to Adapt.
Hotel Owner
MAY 2, 2024
Twelve Architects’ proposal for the regeneration of the Redcliffe Hotel in Paignton, Devon, has been granted planning approval by Torbay City Council. The project, which was granted planning permission in March, will be the first comprehensive redevelopment of the entire building since it was first built 160 years ago.
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