Hospitality Net

MARCH 13, 2024

Driftwood Hospitality Management (DHM) announces it has assumed management operations and responsibilities for the Hilton Garden Inn San José City Mall, a 149-key hotel in Alajuela, Costa Rica, just outside the country’s capital of San José.

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Hospitality Net

MAY 7, 2024

From concierge to reservation manager, you have many key roles, all of which are vital to ensuring hotel operations run smoothly. There are many diverse positions within a hotel but in this article, we will cover 10 possible career paths that hotel lovers should consider.

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Hospitality Net

MAY 10, 2024

Hospitality brands today face a brutally competitive environment characterized by a “sea of sameness” that threatens to drive all brands in a race to the bottom.1 1 However, little empirical information exists on how to best manage service brands in general and hospitality brands in particular.

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Hospitality Net

APRIL 29, 2024

Hospitality. Then there is management which stands for leadership and responsibility. Put the two together, and you get “hospitality management”.But But what is hospitality management? How much might you earn in the hospitality management profession?

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Hospitality Net

MAY 3, 2024

In a virtual roundtable discussion hosted by HSMAI Europe on Thursday last week, senior revenue management executives gathered to delve into the evolving landscape of Creating a Total Revenue Management (TRM) Culture in the hospitality sector.

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Hospitality Net

MAY 2, 2024

In a significant development, the Australian Revenue Management Association (ARMA) - a major peak body representing revenue and yield management in the hospitality and tourism industry - has officially endorsed Intellisoftware Pty Ltd’s AI-driven Revenue Management System (RMS) Hotel RevBoost as part of a broader strategic partnership with the company. (..)

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Hospitality Net

APRIL 23, 2024

In a significant advancement for the hospitality technology sector, Visual Matrix is proud to announce its integration with Duetto and its flagship revenue management products: GameChanger, ScoreBoard, and BlockBuster.

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Hospitality Net

MARCH 15, 2024

We know that reputation management is important, but how involved should revenue managers be in that process? I brought this topic to the leaders of the HSMAI Revenue Optimization Advisory Board to discuss our role in reputation management. Below are our top five takeaways.

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Hotel Management

FEBRUARY 22, 2024

Global hospitality company Accor achieved a record result in 2023 with earnings reaching over €1 billion for the first time in its history. Accor’s net profit group share increased by 57% to €633 million. The post Historic result: Accor hit record €1 billion in EBIDTA for 2023 appeared first on Hotel Management.

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Hospitality Net

MAY 7, 2024

FutureLog, the leading provider of innovative cloud-based procure-to-pay solutions for the hospitality industry, unveiled its latest innovation last month: a trailblazing smart Capital Expenditure (CAPEX) Management solution.

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Hospitality Net

MAY 2, 2024

In the hospitality industry, managing multiple properties transcends simply expanding the number of locations; it involves elevating the guest experience to new heights. This integration is not just convenient but essential for fostering guest loyalty and enhancing satisfaction.

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Hospitality Net

APRIL 9, 2024

Raines, a leading hospitality management, development, and investment organization, has added the Cambria Charleston Riverview to its management portfolio.

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Hospitality Net

MARCH 22, 2024

Recent studies have proven that employees can be a major source of competitive advantage, but they must be managed effectively and considerately to reap those benefits. The industry presents unique challenges for employees and managers, such as long working hours, stressful customer interactions, seasonal rushes, and working on weekends.

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Hospitality Net

APRIL 25, 2024

Premier, an end-to-end architecture, design, procurement, project management, and development firm, is proud to announce that Derek Weaver has been promoted to the role of Vice President of Project Management and Estimating.

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Hospitality Net

APRIL 15, 2024

Nobu Hotel Atlanta, the epitome of luxury lifestyle accommodations nestled in the vibrant heart of Buckhead, has appointed Drew Smith as its new General Manager.

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Hospitality Net

APRIL 9, 2024

Fairmas proudly announces the appointment of Rolf Arndt as the Managing Director of its subsidiary, Fairmas Services GmbH, the Fairmas branch specialised in providing additional services for hotel owners & investors. Notably, Fairmas remains under the leadership of Niels Schroeder, while Rolf Arndt will lead the Fairmas Services GmbH.

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Hospitality Net

JANUARY 16, 2024

Island Hospitality Management is pleased to announce the successful launch of IHM Outdoors, marking the inception of a dedicated division focused exclusively on outdoor and resort hospitality. This encompasses Recreational Vehicle (“RV”) resorts, vacation rentals, glamping and other distinctive outdoor hospitality options.

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Hospitality Net

AUGUST 24, 2023

New Zealand owned Capstone Hotel Management is pleased to announce it has been appointed as the new management company for Portage Resort (most recently The Portage Hotel) as of 1stAugust 2023.

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Hospitality Net

APRIL 11, 2024

Aligned Hospitality Management, a leading third-party hotel management company, continues its impressive growth by adding The M Solvang to its esteemed portfolio. This marks the company’s 25th property and its inaugural venture into the diverse California market.

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Hospitality Net

MARCH 5, 2024

Messe Berlin) IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, announced today the release of G3 RMS Portfolio Navigator, the next innovation in multi-property revenue management. ITB Booth #110 Hall 8.1

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Hospitality Net

MARCH 16, 2024

In a landmark collaboration, Cartier and EHL Hospitality Business School (EHL) have signed an agreement to set a new standard in luxury experience management education. This partnership underscores a mutual commitment to excellence and innovation in the luxury and hospitality sectors.

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Hospitality Net

NOVEMBER 17, 2023

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.

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Hospitality Net

MAY 8, 2024

Officials of Ashburton Hospitality, a full-service consultancy firm focused on asset management, today announced the addition of ten hotels to its rapidly expanding portfolio. The Marriott-, Hilton- and IHG-branded hotels are located throughout the Midwest, Eastern seaboard and southeastern U.S.

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Hospitality Net

APRIL 26, 2024

With every passing year, revenue management is playing a more central role at hotels as they navigate a landscape now locked in a permanent state of change.

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Hospitality Net

APRIL 24, 2024

In a recent conversation I had with an asset manager who was underwriting a hotel in the metro Atlanta area, it was determined that for each incremental 50k of profit achieved, the hotel asset value went up approximately 600k. Imagine if your revenue team fully understood this.

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Hospitality Net

MARCH 27, 2024

Nowhere is this more evident than in the hospitality industry, where a hotel website frequently marks the first point of contact with potential guests. A company’s website serves as a powerful conduit for customer engagement, brand representation, and revenue generation.

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Hospitality Net

APRIL 4, 2024

Intellisoftware Pty Ltd, a leading Australian start-up in the Artificial Intelligence (AI) space has today unveiled a new wide-ranging strategic partnership with the Australian Revenue Management Association (ARMA) - a peak industry body active in the hospitality and tourism sectors focused on elevating the standards of revenue and yield management (..)

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Hospitality Net

MARCH 3, 2024

Navigating the world of culinary and restaurant management education can feel overwhelming. Embarking on a restaurant management course is a significant step towards a thriving career in the F&B sector. But don’t worry, we’re here to help make this journey smoother and more meaningful for you.

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Hospitality Net

APRIL 26, 2024

In the ever-evolving hospitality industry, the question of how to effectively compensate hotel operators remains crucial. While the basic premise of paying managers for their management skills holds true, the prevalent incentive fee structures may no longer adequately align with market realities, particularly for owners.

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Hospitality Net

APRIL 7, 2024

Artificial intelligence (AI) is at the forefront of hospitality technology heading into 2024, and in looking at specific tasks where it can be deployed, a very lucrative application is in attribute-based shopping (ABS).

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Hospitality Net

APRIL 29, 2024

Hotel Excelsior Venice Lido Resort is thrilled to announce the remarkable achievement of Alessio Lazazzera, their esteemed General Manager, as the recipient of this year’s esteemed "European Hotel Manager of the Year" Award bestowed by the EHMA - European Hotel Managers Association.

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Hospitality Net

JANUARY 23, 2024

Mereté Hotel Management, a third-party hotel management company based in the Pacific NW, is committed to 3rd party contract growth in 2024 and kicked off the new year by welcoming its 20th hotel - the Hampton Inn & Suites Grants Pass.

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Hospitality Net

NOVEMBER 6, 2023

HEI Hotels & Resorts, one of the nation’s leading operators of institutionally owned full-service hotels, with a portfolio of more than 100 properties across the United States, recently announced that it has assumed management of the 317-room Renaissance Times Square.

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Hospitality Net

MARCH 13, 2024

The last few years have been fraught with mergers and acquisitions in the hotel management space. The benefits of a large management company may seem obvious: efficiency and economies of scale, technology and innovation, specialized knowledge and resources, and distribution channel advantages, among others.

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Hospitality Net

AUGUST 24, 2023

Hotel and hospitality investment manager KWC Management (KWCM), an investor in opportunistic, value-add assets across the hospitality vertical in the U.S., has held its final close for its second hotel- and hospitality-focused fund, Kemmons Wilson Hospitality Partners (KWHP II).

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Hospitality Net

JANUARY 26, 2024

StepStone Hospitality announces the newest addition to its management portfolio, the 148-key Homewood Suites Pittsburgh – Southpointe.

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Hospitality Net

OCTOBER 16, 2023

Revenue management has a bad reputation in some ways because it focuses on room rates. A new hotel to some is just another place some travelers cannot afford to stay.

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