Sat.Nov 11, 2023 - Fri.Nov 17, 2023

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Bookkeeping for Hotels: 5 Steps for Better Management

Are Morch

In the dynamic world of the hotel industry, effective bookkeeping practices can make all the difference between thriving success and missed opportunities. Sound financial management lies at the heart of every prosperous hotel, enabling owners and managers to navigate the complexities of revenue tracking, expense optimization, inventory management, cash flow monitoring, and financial control implementation. […] The post Bookkeeping for Hotels: 5 Steps for Better Management appeared first on

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SkyNRG Raises $191 Million for Sustainable Aviation Fuel: Startup Funding Roundup

Skift Blog

Skift Take: The sustainable aviation fuel fundraise of $191 million is a drop in the bucket of what is needed if there's any hope of reaching the net-zero emissions goals by 2050.

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Tracking Snacking: Three Consumer Trends to Help Hoteliers Curate Their F&B Offerings

Lodging

In recent years, hoteliers have found creative ways to streamline their operations and control costs, particularly in their food and beverage departments. A recent CBRE analysis for LODGING noted that rising wages, heightened supply costs, and ongoing labor challenges have prompted hoteliers to increasingly scale back restaurant hours and menu offerings, reduce their in-room dining and minibar service, and adopt self-serve kiosks and grab-and-go market models.

Consumer 298
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Key appointments: Meriton Suites, Ascott, Salter Brothers, Hilton and more

Hotel Management

Exclusive: Meriton Suites appoints Regional GM across NSW/VIC/ACT Meriton Suites has appointed Harry Singh to the position of Regional General Manager NSW/VIC/ACT, based out of the company’s Kent St headquarters in Sydney. Singh commenced the role on November 13, following a 22-year career with Marriott. Reporting to Meriton Suites Group General Manager and Meriton Group Director Matthew Thomas, he will serve as the conduit between operations in these states and key stakeholders.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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KWC Management Closes Acquisition of Montage Kapalua Bay

Hospitality Net

KWC Management, LLC, the hospitality investment management company of Kemmons Wilson Companies, today announced its acquisition of the storied Montage Kapalua Bay, following an engagement that began in the early spring. Montage Kapalua Bay has consistently been ranked among the top resorts on Maui and throughout the state of Hawaii.

Closing 277
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Emirates’ Tim Clark on ‘Trust’ in Boeing, Supply Chain Issues and the End of Innovation

Skift Blog

Skift Take: In the aviation business, no one has the ear of both Boeing and Airbus as much as Emirates President Tim Clark. Now he is preparing Emirates for a life beyond the 777s and the A380s, and he’s going with Boeing for now.

Business 328

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Exclusive: after two decades and 23 hotels, Meriton Suites is taking expansion up a notch

Hotel Management

Over the last two decades, Meriton Suites has been on a strong and steady growth trajectory, averaging a new hotel opening each year. But a recent AU$400 million development injection saw the launch of a further three hotels in two months , taking the owner-operator to new states ( VIC, ACT) and rounding out 2023 with 23 hotels in its network. Here, Meriton Suites Group General Manager and Meriton Group Director, Matthew Thomas, discusses recent openings, growth plans and the continued demand fo

Hotels 289
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Four Seasons Reveals Plan for Second Luxury Hotel in Hangzhou, China

Hospitality Net

In partnership with Greentown China Holdings Limited, China Resources Land Limited and Hangzhou Metro Development Company Limited, luxury hospitality company Four Seasons will open its second Hotel in Hangzhou, China in 2024.

Hotels 274
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Tripadvisor Laid Off 4% of Its Workforce and More Cuts Are on the Way

Skift Blog

Skift Take: You can see Tripadvisor's priorities crystal clear in where its restructuring occurred. Hotel metasearch took the heaviest hit, and Viator was impacted the least.

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AHLA: Business Remains Strong for Hotels Through the End of 2023

Lodging

WASHINGTON—The business outlook for hotels remains strong for the remainder of 2023 thanks to an uptick in business travel and a healthy preference among business and leisure travelers to stay in hotels. According to a survey commissioned by the American Hotel & Lodging Association and conducted by Morning Consult, 68 percent of U.S. adults whose jobs involve travel said they were likely to travel overnight for business during the last three months of 2023, up […] The post AHLA: Busine

Business 264
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Diving into Diversity: Decoding the Foundations of Inclusion in Hospitality Talent Acquisition

Speaker: Lauren Fernandez - CEO & Founder, Full Course

Companies all over the world, including Marriot International and Hilton Worldwide, are aware of the value of including DEI in their talent acquisition strategy. However, despite these initiatives, there is still plenty that the hospitality sector can do to promote DEI. When comparing the hospitality industries in India, Iraq, the UK, and the US, you will see that there is a consistent underrepresentation of persons from different ethnic, gender, and disability origins across all levels of the i

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The Sebel Sydney Martin Place to open in January following multi-million-dollar refurbishment

Hotel Management

Sydney’s Martin Place will be home to the latest The Sebel hotel in Australia with the opening of an 86-room premium hotel in January. The Sebel Sydney Martin Place is the first hotel from the brand within Sydney’s financial district and replaces Mercure Sydney Martin Place, which opened in October last year following the acquisition of an existing Travelodge hotel by global fund manager Salter Brothers.

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Spa trends, treatments and concepts to look and feel great in 2024

Hospitality Net

The wellness industry is rapidly growing into a trillion-dollar market, offering ample opportunities for new businesses to enter the sector with innovative products or services. EHL has compiled a list of the top global spa trends for 2024, indicating that the spa experience has evolved beyond pampering to include a wide range of healing therapies for the mind, body, and soul, as well as non-invasive treatments for those who wish to make minor adjustments to their physical appearance.

Services 272
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Tripadvisor’s 2024 Experience of Travel Study: 3 Charts

Skift Blog

Skift Take: The latest Tripadvisor survey highlights travel is no longer just about 'been there, done that, got the T-shirt', but understanding the story of the T-shirt itself.

Travel 322
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Best Practices for Lead Relationship Management

Anthony Cole Training

Prospecting is one of the most important of the 21 Core Sales Competencies, because salespeople must have new opportunities entering their pipeline at all times. But what about lead relationship management? Once you have that important lead, how do you nurture it and potentially turn that lead into a long-term client? What skills are involved in building a relationship with leads and how do we improve?

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A Buyer’s Guide to Future-Proofing Your Restaurant Tech Stack

The race to 100% digital is on. With the restaurant industry still in the early innings of its digital transformation, brands need an airtight strategy when it comes to building out their tech stack. Download the buyer’s guide to learn where to prioritize your efforts and get the most out of every investment.

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Australia’s first 25hours hotel projected to open in December 2024

Hotel Management

Australia’s first 25hours hotel has been given a revised opening date of December 2024 following construction delays at the Sydney site, with new renders of guest rooms released. The new 109-room hotel, developed by leading Sydney property developer Central Element (CE) and joint venture partner Boston Global Group, is located at 1-11 Oxford Street Paddington, the heritage listed site of the former West Olympia Theatre.

Retail 278
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IHCL Unveils Its Flagship Ginger at Mumbai Airport

Hospitality Net

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the opening of Ginger Mumbai, Airport. The 371 keys flagship Ginger hotel, strategically located near the domestic airport will introduce the brand’s lean luxe design and service philosophy of offering a vibrant, contemporary, and seamless hospitality experience to its guests.

Services 264
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Airbnb Acquires AI Company Led by a Siri Creator

Skift Blog

Skift Take: Adam Cheyer has driven a lot of success through his work at past companies. Now he's at Airbnb, showing the company really is serious about its dedication to integrating AI.

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IDeaS Finds Six Technology Predictions Shaping the Hotel Industry in 2024

Lodging

MINNEAPOLIS—IDeaS released Future Forecast: Six Hotel Technology Predictions for 2024, which includes six hotel technology predictions that it believes will shape the year to come. Some predictions from the report include: Mike Chuma, vice president of global marketing, IDeaS, said, “Our team engaged with some of the greatest minds in our industry in 2023 through informative webinars, a successful client summit, and our ongoing commitment to supporting innovation and industry events.

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Beyond The Meeting Room: Luxury Magazine Resource

Escape into a world of luxury and dive into the future of tech, fun takes on the American pastime, and many inspirational individuals. With engaging reports on fashion, food, travel, finance, sports, and more, download now and enjoy the read!

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Amora Brisbane to open in December following $30 million refurbishment

Hotel Management

Amora Hotel Group is gearing up to launch Amora Brisbane next month following a AU$30 million refurbishment of the property. Designed by Cottee Parker, the 296-room hotel is inspired by themes of wellness with natural organic tones, an abundance of greenery and natural lighting, while incorporating the brand’s Thai heritage. “We’re very excited to soon unveil the complete Amora Brisbane and cater to both locals and travellers alike with a more sophisticated experience,” said Amora Hotels and Res

Events 278
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Hard Rock to Develop First Full-Service Hotel Built in Long Beach in 30 Years

Hospitality Net

Today, Hard Rock International in partnership with Steinhauer Properties announced development plans to open the Hard Rock Hotel Long Beach, the first new-build full-service hotel built in Long Beach, California in 30 years and the first new Hard Rock Hotel property in Southern California in almost a decade. Set to begin construction in Summer 2024 with plans to open in Spring 2027, this upscale property will be a unique entertainment destination set in the heart of downtown Long Beach, adjacent

Services 264
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Riyadh Air Doesn’t Plan To Compete With Emirates For Global Hub Status

Skift Blog

Skift Take: Riyadh Air doesn't see itself becoming a "super-connecter" like Dubai's Emirates airline. It's banking on immense demand for travel out of Saudi Arabia.

Travel 307
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Charlestowne Hotels Opens the Little Mod Hotel

Lodging

CHARLESTON, South Carolina—Charlestowne Hotels announced the opening of the Little Mod Hotel in Charlottesville, Virginia. Adjacent to the University of Virginia (UVA) grounds, a revitalized 1960s building is home to the 20-room hotel. One of Charlestowne’s latest development projects, the management company’s in-house creative team worked with developers and designers to conceptualize a hotel brand and eatery.

Hotels 182
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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.

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Exclusive: Accor’s franchise operations on the rise as Pacific surpasses 10,000 keys

Hotel Management

Accor is ramping up its franchise arm in the Pacific region, having recently surpassed 10,000 rooms across a diverse portfolio of 120 hotels, apartments, and resorts. Accor Pacific Chief Executive, Sarah Derry, said the group intends to build on its success and continue to expand franchise operations across Australia and New Zealand. “By leveraging its deep industry knowledge, operational expertise, and commitment to delivering outstanding guest experiences, our franchise team remains dedicated

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Everhome Suites Furthers Growth with Three New Hotels Under Construction in California, Six More in Development in Southern California

Hospitality Net

Choice Hotels International, Inc. (NYSE: CHH) continues its growth in the extended stay segment with three new Everhome Suites under construction, and six more in various stages of development across the Southern California region. For the first nine months of 2023, Choice’s extended stay hotel openings grew by 38 percent compared to the same period in 2022.

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Air Traffic Controller Shortage Could Last Into the 2030s

Skift Blog

Skift Take: The U.S. government needs to step up if it wants to ease the air traffic controller shortage that is snarling flights and slowing growth.

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Baird/STR Hotel Stock Index Decreased 2.4 Percent in October

Lodging

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index decreased 2.4 percent in October to a level of 5,600. “Hotel stocks fell for the third consecutive month in October, and performance directionally tracked the broader indices,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Interest rates remained a key driver of performance, and elevated interest rates weighed on real estate stocks, which caused the hotel REITs to be relative outperformers d

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Preventing Employee Burnout in Restaurants & Hospitality: An Integrated Approach

Speaker: Lissa Bowen - Chief People + Culture Officer, Full Course Executive Director, Full Course Foundation

Employee burnout is a pervasive issue in the fast-paced and demanding restaurant industry, resulting in decreased productivity, high turnover rates, and compromised mental well-being. Effectively addressing this challenge requires a comprehensive approach that combines conventional management techniques, insights from neuroscience, and stress management strategies.

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Orangutan offsets to help Radisson Hotel Group’s UAE hotels operate ‘Net Zero Nights’ during COP28

Hotel Management

Radisson Hotel Group is set to make a strong statement on sustainability during the COP28 climate conference in Dubai through the introduction of net zero stays. During the 13 days of the conference – between November 30 and December 12, 2023 – RHG’s entire United Arab Emirates (UAE) portfolio of 16 hotels will become net zero with regards to scope one and two emissions.

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Homewood Suites by Hilton Montgomery and Hilton Garden Inn Montgomery East in Montgomery, Alabama Complete Renovations

Hospitality Net

LBA Hospitality, an Alabama-based hotel management company, today announced that the 97-room Hilton Garden Inn Montgomery East and 91-suite Homewood Suites by Hilton Montgomery have completed renovations. All guestrooms and public spaces at the hotels were upgraded to include all new seating, lighting, flooring, wall coverings, furniture, window treatments and artwork.

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Travel to Japan is Booming, But Tour Operators Face Capacity Crunch

Skift Blog

Skift Take: Taipei-based tours and activities operator KKday wants to grow its market share, but with it comes delivery challenges beyond the sector's offline fragmentation.

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How AI Can Transform the Hospitality Industry, Improve Operations

Lodging

Artificial intelligence (AI) is revolutionizing the hospitality industry by optimizing operations, improving quality and safety, and enhancing the guest experience. AI’s rapid growth can help hospitality brands analyze complex data to make more informed decisions, advance forecasting, increase revenue, and more. Throughout the industry, hotel brands are increasingly using AI to help elevate operations—from enhancing their quality efforts to becoming more sustainable.

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ABM Success Recipe: Mastering the Crawl, Walk, Run Approach

Shifting to an account-based marketing (ABM) strategy can be both exciting and challenging. Well-implemented ABM motions build engagement with high-value accounts and drive impactful campaigns that resonate with your audience. But where do you begin, and how do you progress from crawling to running? Watch now as Demand Gen experts delve into the essentials of each stage of the ABM process.