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5 Hospitality Procurement Trends to Watch in 2024 and Beyond

Hospitality Net

Volatile prices, extended lead teams for goods and services, and keeping up with guest preferences are just a few challenges that continue to impact hotel supply chains years into pandemic recovery.

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Impact of Recent Interest Rate Increases on Commercial Real Estate Transactions and Pricing

Hospitality Net

This trend, along with supply chain issues, led to a noticeable increase in the cost of goods and services.In response to the inflationary pressures resulting from these factors, the United States Federal Reserve System (known as the Fed) has embarked on an interest rate-hike cycle in an effort to taper inflation.

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Hotel industry trends and predictions for 2023

Hotel Owner

Andrew Robb, CFO of RBH Hospitality Management, said: “2022 has been a unique year with really strong revenue recovery, offset by extreme inflation levels and utility costs that have impacted everyone. Talk of sustainability will move to carbon neutrality and net zero. Revenue recovery and the investor landscape. Partnerships are key.

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“Frequent Flyer” Miles reporting on Travel

Hospitality Net

We can no longer expect the travelling customer to willingly accept the excuses around supply chain issues and labor shortages. My focus this blog has shifted to international travel to include what is touted as experiential cruises, which fall into the posted price, before any discounts, of $6,500 to 10,000 per person!

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Are Restaurants Ready for the Federal Minimum Wage Increase?

Modern Restaurant Management

federal minimum wage is expected to increase to $15 an hour which will put more pressure on businesses—especially in the hospitality & restaurant industries which employ 37% of workers who earned the federal minimum wage in 2019. In the past, both options have resulted in dissatisfaction for employees and customers.

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IHM’s topsy-turvy Z-A: What to expect in hospitality and real estate in 2023

Boutique Hotel News

After a topsy-turvy 2022, here are the major hospitality and real estate trends we expect to see in the year ahead, some more unexpected than others. U is for understaffed Staffing issues will continue to be a focal point of conversation for hospitality providers.

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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. Within 5 to 10 years, we’ll see full gross-to-net solutions that provide with employees on-demand pay and tips instantly.

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