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Dusit International Signs With Yasuda Real Estate for Dusit Thani Kyoto Marking Brand Debut in Japan
Dusit International | November 2, 2020
Bangkok, Thailand, 2 November 2020 – Dusit International, one of Thailand’s leading hotel and property development companies, has signed a hotel management agreement with Yasuda Real Estate Co., Ltd., a community-focused property developer based in Tokyo, to operate the luxury Dusit Thani Kyoto – its first Dusit-branded hotel in Japan. Signed through D&J Co., Ltd., a subsidiary of Dusit International based in Tokyo, the historic deal reflects Dusit’s commitment to sustainable expansion by bringing long-term value to its local communities through creating jobs, contributing to the economy, and encouraging responsible tourism.
Real Hospitality Group Opens Newly Built Fenwick Shores, Tapestry Collection by Hilton
Real Hospitality Group | November 2, 2020
FENWICK ISLAND, DE November 2, 2020 – Real Hospitality Group, Inc. (RHG) today announced the opening of Fenwick Island’s first and only upscale hotel. The 65 guest room Fenwick Shores, Tapestry Collection by Hilton is nestled between the Atlantic Ocean and Little Assawoman Bay with sweeping views and beach access. The quaint island is home to some of the region’s most pristine beaches and charming collection of shops and dining. Designed to celebrate the island’s unique past, Fenwick Shores honors the local history of merchant ships and the tradition of extending hospitality to travelers with nautical details, textures and finis
Infor Develops Contactless Ordering Solution for Hospitality Industry
Infor | November 2, 2020
Cloud-based Infor OrderNow provides new contactless ordering capabilities for hospitality and food service leaders NEW YORK, Nov. 2, 2020—Infor today announced Infor OrderNow, a new contactless ordering solution to help the hospitality industry better navigate the operational challenges that the current pandemic presents, while supporting the dining revenue stream in the future. An extension of Infor POS, Infor's powerful cloud-based point-of-sale solution, Infor OrderNow is a new solution released as an adaptation to changes in customer purchase behavior that also provides organizations with a tool to address declining revenue chall
The Outlook for Hospitality: Silver Linings in the Midst of Crisis
Fran Worrall | November 2, 2020
Vendors Address The Future of The Industry, Part 1 By Fran Worrall During the past seven months, the hospitality industry has faced the worst crisis in recent history. As COVID-19 has spread around the globe, hotels have been forced to lay off employees, curtail services and in some cases close. At some point, however, the world will regain its equilibrium. Consumers will be eager to travel again. And businesses will want to hold group meetings and conferences. What will the hotel landscape look like? Can anything positive come out of this crisis? We talked with a number of vendors for this multi-part series on the outlook for ho
Hospitality Financial Leadership: Chapter 12 – Digging In
David Lund | November 2, 2020
By David Lund The chapter below is an excerpt from my new book. It’s fiction but some of the characters and story lines are based on people I have worked with and events that have taken place in the hotels I have worked in. The book is a fable about a hotel manager who has some very bad habits. He must change in order to survive and the book takes him and you through the lessons needed to be a great hospitality financial leader. I’m writing ahead each month so I’m not sure how the book will end. I hope you enjoy it and if you missed any earlier chapters you can find them on my website blog tab. The next morning, I arrived at t
What Prop 15 Means to California Hotel Owners
JLL | October 30, 2020
By David S. Calverley What is Prop 15? On election day this year, voters in California will be choosing between maintaining the existing Prop 13 which has been in place for 42 years (since 1978) and Prop 15, the first meaningful adjustment to tax laws with regard to assessing real estate in California for property tax purposes. Proposition 15 is a constitutional amendment to require commercial and industrial properties to be taxed based on their market value, rather than their purchase price and will go no less than three years between assessments, where-as currently property is valued on the date of transfer and capped at a rate of 2%
The New Executive Position: CLO (Customer Love Officer)
Shep Hyken | October 30, 2020
By Shep Hyken The word love is not used that often in the corporate or business world. It may have been Tim Sanders in his revolutionary book, Love Is the Killer App, who helped bring the word love to the forefront for leaders trying to build a stronger culture and create a better experience for their customers. People were scared to use the L-word in business. Some still are. Some people say it’s “too soft,” but my take is that it just makes you real. If you truly love your people, love your customers and love what you do, it shows. It’s obvious. Love becomes part of the culture. My buddy and professional gifting ge
STR: Canada Hotel Results for Week Ending 24 October
STR | October 30, 2020
HENDERSONVILLE, Tennessee—STR data for 18-24 October 2020 showed slightly higher occupancy, but lower rates from prior weeks for Canada’s hotel industry. 18-24 October 2020 (percentage change from comparable week in 2019): Occupancy: 31.1% (-55.6%) Average daily rate (ADR): CAD112.33 (-28.7%) Revenue per available room (RevPAR): CAD34.89 (-68.4%) Occupancy for previous weeks came in at 29.9% (17 October), 32.2% (10 October), and 34.0% (3 October), respectively. For the week ending with 24 October, British Columbia recorded the highest occupancy level (40.2%) among the provinces. Vancouver (35.7%) was the only