The month&end reconciliation process serves as a crucial process globally in hospitality finance, where all financial data comes together to summarize financials and performance. A recent survey of HFTP members, taken ahead of the HFTP 2023 Annual Convention this past October, exposed a stark reality: less than 20 percent of respondents can finalize this process within five days, with a … [Read more...]
Archives for 04/01/2024
Artificial Intelligence: A New Frontier for Elevating the Guest Experience in Hospitality? & By Catalina Brinza
Explore how artificial intelligence (AI) impacts the guest experience in the hospitality industry I Three key benefits and challenges. Appeared first on: hotelnewsresource.com … [Read more...]
Lending Conditions Likely More Certain for Hotels in 2024 & CoStar
While borrowing costs remain elevated due to two years of interest rate increases, experts say there is still money available in the market. Appeared first on: hotelnewsresource.com … [Read more...]
Skyscanner Releases 2024 Travel Trend Report
Whether it's gig tripping or a visit to the land of nod, Skyscanner shares the latest trends shaping industry and traveller behaviour in its 'Travel Trends: Redefining value through experience in 2024' report. Appeared first on: hotelnewsresource.com … [Read more...]
Has Gratuity Culture Reached a Tipping Point? & The New Yorker
Paying extra for service has inspired rebellions, swivelling iPads, and irritation from Trotsky. Post&pandemic, the practice has entered a new stage. Appeared first on: hotelnewsresource.com … [Read more...]
Hospitality Industry Statistics to Have on Your Radar 2024
In this comprehensive article, we have gathered a wealth of hospitality statistics and data that will equip you with the insights you need. Our goal is to empower you to harness the power of analytics in the hospitality industry to drive innovation, exceed customer expectations, and achieve remarkable value. Appeared first on: hotelnewsresource.com … [Read more...]
Dusit Princess Phatthalung Hotel Opens in Thailand
Dusit Hotels and Resorts has announced the soft opening of the 15th Dusit&branded property in the kingdom, and its first in the far south of the country. Appeared first on: hotelnewsresource.com … [Read more...]
Grand Mercure Jaipur Kukas Hotel to Open 2028 in India
The six&storey hotel will be spread across 16,522 sqm and will feature 160 beautifully&appointed rooms, alongside offering three distinct Food and beverage outlets, including a restaurant, a bar, and a specialty restaurant. Appeared first on: hotelnewsresource.com … [Read more...]
Roundtable Recap: CHR Analytics Roundtable 2023
Participants in the 2023 Cornell Analytics Roundtable focused on the changes that will be wrought by the rapid expansion of artificial intelligence applications, such as Open AI and ChatGPT. Appeared first on: hotelnewsresource.com … [Read more...]
Hotel Dispute Lawyer: How Pennsylvania Resort Fees Settlements Could Play Out for US Hotel Industry & By Jim Butler
In Pennsylvania, the state’s attorney general reached settlement agreements with Omni Hotels & Resorts, Choice Hotels International and Marriott International over their fee disclosure practices. According to Mark S. Adams, the main objective in these cases was to ensure full transparency. If a hotel has a mandatory fee, they will have to let customers know upfront. Appeared first on: … [Read more...]
Nominations Open for the 2024 Rising Star Award Caribbean to Be Presented at CHRIS
The International Society of Hospitality Consultants (ISHC) and The BHN Group have opened nominations for the prestigious Rising Star Award Caribbean to be presented at the Caribbean Hotel & Resort Investment Summit (CHRIS). Appeared first on: hotelnewsresource.com … [Read more...]
BCD Travel Q4 Market Report Predicts 0.8% Drop in Global Airfares and 6.8% Increase in Hotel Rates
BCD Travel published the fourth edition of its quarterly Travel Market Report. The Q4 report, dedicated to presenting an outlook for 2024, provides travel managers and buyers with insights on economic prospects, key risks, projected prices for air, hotel and car rental, sustainable travel trends, and more. Appeared first on: hotelnewsresource.com … [Read more...]
Threat Actors Tap Social Engineering and AI to Drive More Cyber Attacks in 2024, According to GlobalData
A major trend in cybersecurity is the speed and adeptness with which hackers adapt their techniques to take advantage of technological advances. Attacks leveraging social engineering have become more frequent and more expensive in 2023. The profitability and the ease with which social engineering&related cyber attacks are launched will drive an even higher volume of these incidents in 2024, … [Read more...]
Stuart De San Nicolas Named Cluster General Manager for Three Minor Hotels Properties in the Maldives
A native of Spain, Stuart joins Minor Hotels from Conrad Bora Bora Nui, where he helped to elevate the resort's luxury offerings through his position as General Manager. Appeared first on: hotelnewsresource.com … [Read more...]
Energy&as&a&Service Could Be the Solution to Save Energy and Decarbonize Hotels with Zero Debt or Investment
The hospitality industry is energy intensive with the majority of hotels relying on PTACs to heat and cool the guest rooms. Energy costs are only second to labor costs for the hotel. In addition, franchisors are pushing the franchisees for investments in sustainability, EV charging stations and decarbonization or potentially the hotel could lose its flag. Appeared first on: hotelnewsresource.com … [Read more...]
Hospitality Industry Marketing Ideas to Drive Business in Q1 & By Catarina Martins
Are you looking for some great hospitality industry marketing ideas as we enter the new year, 2024? Tripleseat is here to help you ease into Q1, the first three months of the year, with some important dates to put on your radar and marketing campaign ideas to get you started. Appeared first on: hotelnewsresource.com … [Read more...]
15 Best Cafes & Coffee Shops in Daytona Beach (By a Local)
Exploring Daytona Beach’s vibrant coffee house scene has been an exciting journey for me, and I’m thrilled to share my discoveries with fellow caffeine enthusiasts. In this guide, I’ll cover the best cafes and coffee shops in Daytona Beach. Each of these offers a diverse array of experiences, catering to every taste and preference. Table of Contents As a coffee aficionado, I understand the … [Read more...]
The Heartfelt Hospitality of The T’boli: How We Were Welcomed in Lake Sebu
Akin to a warm embrace, Filipinos are naturally hospitable. No matter where you go in the Philippines, you’ll experience a welcome like no other, the Pinoy way. In Lake Sebu, South Cotabato, we were warmly accommodated inside a Tboli homestay, which was an unforgettable experience for me as someone who grew up in Manila. This was also my first time visiting the province during the Community-Based … [Read more...]
Where to Experience the Best Golfing in Marrakech
Welcome to the heart of golfing in Marrakech, where history meets modernity, and golfers can look forward to an unparalleled golfing experience. Al Maaden Golf Resort in Marrakech is a jewel among golf courses, offering golfers a combination of challenging play and breathtaking scenery. Keep reading for a guide on how to experience the best golfing in Marrakech at Al Maaden Golf Resort, … [Read more...]
Pebblebrook extends 2024 term debt to 2028
Pebblebrook Hotel Trust has extended approximately $357 million of its $460 million October 2024 maturity term loan to 2028. The company paid down approximately $157.6 million of existing term loans and unsecured private placement notes. As a result of the refinancing, Pebblebrook has no meaningful debt maturities until October 2025. The company utilized cash on its balance sheet for the debt … [Read more...]
Aligned adds La Quinta Inn in Tucson, AZ
Aligned Hospitality Management has expanded its presence in Southern Arizona with the addition of La Quinta Inn & Suites by Wyndham NW Tucson Marana in Tucson, raising its total portfolio to 21 properties. The property, owned by Yogi Investment Corporation, has 65 keys and a range of amenities, including BBQ grills, a business center, daily housekeeping, a fitness center, complimentary … [Read more...]
Linchris acquires Provincetown Inn
Linchris has acquired the Provincetown Inn in Provincetown, MA. The 102-room hotel sits on more than six acres of land overlooking the Provincetown Harbor. Built in the 1930s, the property has its own private beach and is close to downtown Provincetown. Amenities include Pilgrim Pool Bar & Grille open in season for lunch, a waterfront pool and The West End Lounge. “We are incredibly … [Read more...]
PM Hotel Group adds Jacksonville hotel to portfolio
Hotel management company PM Hotel Group has been selected to assume management of Southbank Hotel Jacksonville Riverwalk, located in Jacksonville, FL’s downtown riverfront district. The hotel is currently under a full renovation and will change flags when the renovation is complete. “We are excited to welcome the Southbank Hotel Jacksonville Riverwalk to our dynamic portfolio, further expanding … [Read more...]
Aligned Hospitality Management Grows Portfolio in Tucson, Arizona
PHOENIX, Arizona—Aligned Hospitality Management continued to expand its presence in Southern Arizona with the addition of La Quinta Inn & Suites by Wyndham NW Tucson Marana in Tucson, Arizona, elevating its total portfolio to 21 properties. The La Quinta Inn & Suites by Wyndham NW Tucson Marana, owned by Yogi Investment Corporation, has 65 keys and amenities including BBQ grills, a … [Read more...]
HB Exclusive: Wyndham offers ECHO update
After first introducing an extended-stay concept—then known as Project ECHO—in March 2022, Wyndham Hotels & Resorts has shared exclusively with Hotel Business the progress it has seen with its ECHO Suites Extended Stay by Wyndham brand, with several hotels under construction and the first openings expected in the coming months. “We’re really excited because, for so long, it’s just … [Read more...]
30 Best Things to Do in Porto, Portugal In 2024
Porto has come a long way since our first visit in 2013. It no longer stands in the shadow of its capital, Lisbon, and now attracts visitors from around the world to take in its views over the Duoro River, sample its outstanding port wine, and explore its Historic Center. A designated UNESCO World Heritage Site since 1996, Porto is one of the best cities to visit in Portugal. If you are looking … [Read more...]
IHCL Announced the opening of Taj Sawai, Ranthambore
Taj Sawai Ranthambore — Photo by IHCL Indian Hotels Company (IHCL), India's largest hospitality company, today announced the opening of Taj Sawai, Ranthambore. Nestled on the outskirts of Ranthambore National Park, the hotel is the perfect sanctuary to enjoy a safari to spot the elusive Royal Bengal Tiger. The 60 keys hotel in Khilchipur Village, is an indulgent retreat with a colonial design … [Read more...]
Archer Hotel Capital acquires two London Hoxton sites
UK: Archer Hotel Capital, a European investment vehicle jointly owned by APG Asset Management and GIC, has acquired The Hoxton Shoreditch and The Hoxton Holborn properties for approximately £215 million. The 210-key Hoxton Shoreditch and the 220-key Hoxton Holborn have been purchased from Norlake Hospitality. Both sites will continue to be managed by Ennismore. Archer was advised by Hogan Lovells, … [Read more...]
Luxury Boutique Aspen Hotel Opened
MOLLIE Aspen — Photo by HayMax Hotels MOLLIE Aspen — Photo by HayMax Hotels MOLLIE Aspen — Photo by HayMax Hotels MOLLIE Aspen — Photo by HayMax Hotels Located at the corner of Garmsich and Main Streets across from Paepcke Park, the hotel features 68 guestrooms and a distinctive selection of public spaces including: a lobby retail boutique, roof terrace spa pool set to open Spring 2024, and … [Read more...]
Quiapo Church Traslacion 2024: Feast of the Black Nazarene Schedule of Activities
Feast of the Black Nazarene 2024 Schedule of Activities, Safety Reminders, and Procession Route Table of Contents The Quiapo Church Fiesta 2024 is one of the Philippines’ most highly anticipated religious events. Celebrated annually on January 9, the feast of the Black Nazarene, or Traslacion 2024, is a procession of the life-size image of the Black Nazarene from the Quirino Grandstand to … [Read more...]