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Waterton to Retain RobertDouglas to Facilitate Hotel Management Platform Growth

Hospitality Net - 1 hour 14 min ago
Waterton, an experienced owner and operator of hospitality and multifamily properties, announced today it will retain real estate investment banking and advisory firm, RobertDouglas to conduct a mergers & acquisitions search in order to further grow its hotel management platform.
Categories: News

Creating a winning business and “defying the curse”

NRA News - May 23, 2017 - 11:46am

At the NRA Show 2017, Tom Ricketts, owner of the Chicago Cubs, and ESPN's Mike Greenberg discussed what it takes to beat the odds and create a winning workforce culture.

Categories: Food, News

90 Never Looked So Good | By Bill Marriott

Hospitality Net - May 23, 2017 - 11:34am
This month, our company celebrates its 90th anniversary. In 1927, my parents drove east from Salt Lake City with a marriage license in one hand and an A&W franchise license in the other. They set their sights on Washington, D.C., and opened a nine-stool A&W root beer stand on May 20.
Categories: News

7 NRA Show standouts for healthful menu options

NRA News - May 23, 2017 - 10:19am

How are you filling guests' demand for gluten-free, vegetarian-friendly and healthful kids' items? Here are a few ideas from NRA Show 2017.

 

Categories: Food, News

After Strong First Quarter, CBRE Forecasts Eighth Consecutive Year of Occupancy Growth for U.S. Hotels

Hospitality Net - May 23, 2017 - 9:19am
The U.S. lodging industry started 2017 on a strong note. During the first quarter of 2017, hotel demand increased by 2.8 percent. The result was an occupancy of 61.1 percent, the highest first quarter occupancy rate reported by STR in the past 30 years.
Categories: News

3rd Annual ILES Conference, BITAC Independent Draws Record Crowd, Iconic Speakers

Hospitality Net - May 23, 2017 - 9:06am
When hoteliers and suppliers come together, great things happen. This was evident at the 3rd Annual InnDependent Lodging Executive Summit (ILES) and BITAC Independent events last week held at the Hard Rock Hotel & Casino in Las Vegas. Co-produced by IBC Hospitality, the Independent Lodging Industry Assn. (ILIA) and Hotel Interactive, leaders from the industry's top management companies, brands, soft brands and financial institutions met for two days with hotel owners and suppliers to discuss operating trends, purchasing options, and the overall future of the independent lodging segment.
Categories: News

What summer trends do hoteliers need to know to maximize bookings? | By Judson Moore

Hospitality Net - May 23, 2017 - 7:35am
With trivago's 1.4 billion annual searches, we see many clear trends in user search behavior and preferences. From that data*, we ascertained some best practices for hoteliers to follow when marketing their properties and establishing their price strategy. What follows are a few factoids and infographics as they relate to summer trends 2017.
Categories: News

New Analysis from BCD Travel Finds That Failure to Use Effective Audit Practices Is Costing Companies Hundreds of Millions of Dollars Per Year in Missed Hotel Discounts

Hospitality Net - May 23, 2017 - 6:04am
A multi-level analysis of hotel rate auditing programs used by BCD Travel clients last year reveals that combined, mid- to large-sized companies overspend on hotel room nights by hundreds of millions of dollars. Without performing standard rate audits, a company overspends by $122,500 for every $5 million it spends on hotels. Using both standard rate auditing and rate availability audits prevents $225,000 in overspending for every $5 million spent on hotels. Additionally, hotel price monitoring programs like BCD Travel's Hotel Price Assurance realize a net savings of $110,000 for every 50,000 hotel bookings.
Categories: News

Lodging Demand Increases Amidst Increased Consumer Confidence, According to PwC

Hospitality Net - May 23, 2017 - 5:28am
Encouraged by the prospect of a strengthening economy, US lodging performance continued to improve in the first quarter of 2017 according to the updated lodging forecast released today by PwC US. Despite a weak first quarter GDP growth estimate of 0.7 percent, lodging demand increased at the strongest quarterly rate since the first quarter of 2015, supporting modest growth in both occupancy and average daily rate (ADR). Overall, revenue per available room ("RevPAR") increased 3.4 percent.
Categories: News

Meet the Money 2017 Presentations Now Available for Download! - By Jim Butler

Hospitality Net - May 22, 2017 - 10:46am
Meet the Money®2017 wrapped up last week at the Hyatt Regency LAX, and looks to be one of our most successful years yet! More than 350 hotel industry leaders gathered to hear from 130+ speakers who gave their expert perspectives on the current hospitality market, the national and global economy, and where trends might take us as we move towards 2018.
Categories: News

U.S. Lodging Demand Increases Amidst Increased Consumer Confidence, According to PwC

Hospitality Net - May 22, 2017 - 10:28am
Encouraged by the prospect of a strengthening economy, US lodging performance continued to improve in the first quarter of 2017 according to the updated lodging forecast released today by PwC US. Despite a weak first quarter GDP growth estimate of 0.7 percent, lodging demand increased at the strongest quarterly rate since the first quarter of 2015, supporting modest growth in both occupancy and average daily rate (ADR). Overall, revenue per available room ("RevPAR") increased 3.4 percent.
Categories: News

Signature '17 looks at millennials, future of purchasing

NRA News - May 22, 2017 - 9:58am

Our CEO Dawn Sweeney met up with millennials expert Jason Dorsey (pictured) and the leader of Amazon Business to discuss purchasing behaviors.

Categories: Food, News

Restaurant vet Balestreri is a ‘Legend’

NRA News - May 22, 2017 - 8:33am

The NRA recognized the longtime business leader for his many contributions and steadfast dedication to the restaurant industry.

Categories: Food, News

What's new and cool on the NRA Show floor

NRA News - May 21, 2017 - 11:14am

From drone-ready delivery to front-of-the-house facial recognition, NRA Show 2017 has the latest innovations in restaurant technology and trends. 

Categories: Food, News

STR: US hotel performance for April 2017

Hospitality Net - May 19, 2017 - 11:22am
HENDERSONVILLE, Tennessee -- The U.S. hotel industry reported mixed results in the three key performance metrics during April 2017, according to data from STR. In a year-over-year comparison with April 2016, the industry reported the following:
Categories: News

Meet Steve Wynn in NYC at Cornell's Icon & Innovator Awards Event

Hospitality Net - May 19, 2017 - 10:05am
Join 2017 Cornell's Icon of the Industry Steve Wynn at the 9th annual Cornell Hospitality Icon & Innovator Awards. This celebration is the School of Hotel Administration's premier fundraising event, and a celebration to honor visionary leaders in hospitality, business and philanthropy. Contributions to the event support the school's annual fund, which provides key dollars to scholarships and programs. One lucky winner will be chosen to attend the awards with a friend in New York City and meet Steve Wynn during the Diamond VIP reception prior to attending the dinner and awards program. This charitable promotion ends on May 25. So, don't miss your chance and donate now!
Categories: News

Iowa Franchisee Announces 40 My Place Plan!

Hospitality Net - May 19, 2017 - 10:00am
The second leg of My Place's cross country groundbreaking tour started with one of the brand's biggest announcements yet: My Place franchisee Matthew Eller of Eller Enterprises has set forth a plan to build 40 My Place hotels in 10 years!
Categories: News

STR: US hotel results for week ending 13 May

Hospitality Net - May 19, 2017 - 5:47am
The U.S. hotel industry reported mostly positive results in the three key performance metrics during the week of 7-13 May 2017, according to data from STR. In comparison with the week of 8-14 May 2016, the industry reported the following:
Categories: News

SMS Lodging Signs Deal With Hotel Astor

Hospitality Net - May 19, 2017 - 4:01am
With a proven hands-on approach to maximizing efficiency and revenues, the family-owned and operated South Florida-based management company, SMS Lodging, has recently added the iconic Hotel Astor in South Beach to its growing roster of properties. Under the new agreement, SMS Lodging will oversee all aspects of the property, including reservations, operations, sales, and marketing.Directly following the deal, SMS Lodging implemented a handful of positive changes to streamline productivity and improve the guest experience, including the addition of complimentary enhanced conti nental breakfast for guests and a new Standard Operating Procedure (SOP) for staff. The property was also added to SMS Lodgings new call center to allow for seamless bookings and improved customer service. Under SMSs management, travel agents are eligible to currently earn up to 15% commission on all Hotel Astor bookings made through the new reservation center. Built in 1936, Hotel Astor is a historic, boutique property on Washington Avenue, just steps from the beach. The property features 42 rooms, a courtyard, a pool, and a bar in the heart of Miamis bustling South Beach neighborhood. Hotel Astor is a great addition to our portfolio, said Jesper Arnoldsson, CEO of SMS Lodging. The property has been a Miami landmark for decades, and we look forward to leveraging its historic reputation and prime location, while drawing upon our extensive expertise in the market to enhance its performance and profitability.Hotel Astor marks the 8th current project for SMS Lodging in South Florida, as the company also owns, manages, and/or operates several boutique properties in Key West and Miami.
Categories: News

Paying the Intermediaries: An Analysis of Hotel Commissions | By Robert Mandelbaum

Hospitality Net - May 19, 2017 - 3:52am
The increasing incidence of intermediaries selling hotel rooms and other services is a major topic of discussion among U.S. hotel owners and operators. From online travel agents to convention housing companies, third-parties are placing themselves in between hotels and their guests during the sales process. Of course these intermediaries want to get paid, and therefore this has become a rising expense for hoteliers.
Categories: News