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McKibbon Hospitality Appoints Matthew Ram as Vice President of Acquisitions
McKibbon Hospitality | August 31, 2020
TAMPA, FL (August 31, 2020) – McKibbon Hospitality, an award-winning leader in hotel management, is pleased to announce the appointment of Matthew Ram as its Vice President of Acquisitions. Bringing more than 10 years of financial analysis expertise to McKibbon, Ram will be responsible for leading the charge as the family-owned and operated company moves into the acquisition space, managing deal sourcing, underwriting and investment analysis, acquisitions, dispositions, asset management, transaction support, and investor relations. Prior to joining McKibbon, Ram most recently served as Investment Manager for the Tampa-based commerci
Marriott International Appoints Felitia Lee as Controller and Chief Accounting Officer
Marriott International | August 31, 2020
Marriott International, Inc. (Nasdaq: MAR) today announced the appointment of Felitia Lee as Controller and Chief Accounting Officer, effective August 28, 2020. Ms. Lee will be the Company’s principal accounting officer and report to Leeny Oberg, Executive Vice President and Chief Financial Officer. Ms. Lee succeeds Bao Giang Val Bauduin, who is taking on the role of Chief Financial Officer for Consumer Operations, Technology and Emerging Businesses for the company. Ms. Lee joined Marriott in May 2020 supporting management of the company’s accounting operations. “Felitia brings a strong track record of leading large organizations thr
Hospitality Financial Leadership: What Everyone Needs to Know About Hotel Financial Skills 11-20
David Lund | August 31, 2020
By David Lund On the eve of starting my financial leadership course for the third year with Royal Roads University, I realized that most people have it somewhat wrong when it comes to how they think about the financials inside the hotel business. It occurred to me that most people think that a mechanic is the only person who can drive a car. However, many great drivers possess great knowledge about how the car works but they’re not mechanics – it’s not a requirement to be a great driver. You would never take your Ferrari to the driver for a repair, but man can they drive it. The exact same goes for financial skills and understanding.
Hospitality Diversity Advocate, Gerry Fernandez, Named Conti Professor in the Penn State School of Hospitality Management
Penn State’s School of Hospitality Management | August 31, 2020
UNIVERSITY PARK, Pa. — The Penn State School of Hospitality Management has named Gerry Fernandez, president and founder of the Multicultural Foodservice & Hospitality Alliance, as the 2020-21 Walter J. Conti Visiting Professor. The Conti Professorship Program was established in 1987 by alumni and friends of the Penn State School of Hospitality Management to honor alumnus Walter J. Conti for his contributions to the school, Penn State, and the hospitality profession. Industry leaders have served as Conti Visiting Professors each year since 1988. As a Conti Visiting Professor, Fernandez will teach and advise students and faculty mem
Marriott Opens Dual-Branded JW Marriott and Courtyard by Marriott in Yinchuan, China
JW Marriott Hotels & Resorts | August 28, 2020
YINCHUAN, China, Aug. 28, 2020 - Marriott International, Inc. (NASDAQ: MAR), today announced the opening of its dual-branded hotel, JW Marriott Hotel Yinchuan and Courtyard by Marriott Yinchuan in Northwest China, recognized as an "oasis in the hinterland," a historical and distinctive destination surrounded by deserts and the Helan Mountains. Invested and established by Ningxia Genyuan Real Estate Development Co., Ltd., the dual-branded hotel is an architectural masterpiece depicting a "Grand Sailing Ship" boasting a total of 513 rooms. The property will deliver purposeful and memorable service to guest, from the warm luxury experience si
ICC and World Travel & Tourism Council Issue COVID-19 Restart Guide for the Travel & Tourism Sector
August 28, 2020
28/08/2020 - The International Chamber of Commerce (ICC) and the World Travel & Tourism Council (WTTC) have published a set of recommendations for safely re-opening customer facing businesses in the age of COVID-19. The COVID-19 pandemic has caused widespread disruptions to global supply chains and businesses of all sizes. The Travel & Tourism sector has been particularly impacted by the current pandemic due to travel restrictions, declining traveller confidence and reduced consumer demand. In recognition of the challenges faced by the travel and tourism industry, ICC and WTTC have released a Quick Restart Guide for Employe
COVID-19 and Transforming Tourism
August 28, 2020
If tourism brings us together, then travel restrictions keep us apart. More importantly, restrictions on travel also prevent tourism from delivering on its potential to build a better future for all. This week the United Nations Secretary-General launched the Policy Brief “COVID-19 and Transforming Tourism”, which UNWTO assumed the lead role in producing. This landmark report makes clear what is at stake – the threat of losing tens of millions of direct tourism jobs, the loss of opportunities for those vulnerable populations and communities who stand to benefit most from tourism, and the real risk of losing vital resources for
McDreams Optimizes Revenue Management With Infor
Infor | August 28, 2020
Long-standing customer introducing Infor EzRMS August 28, 2020 — Infor, a global leader in business cloud software specialized by industry, today announced that it is equipping the family-owned McDreams hotel group with Infor EzRMS, Infor's powerful cloud-based revenue management solution. Infor EzRMS uses deep learning AI to provide enhanced revenue management functionalities and helps to improve guest service. Founded in 2009, the McDreams group offers low-budget designer rooms in a compact space with a high level of comfort. The hotel group thus appeals in particular to guests who are looking for overnight accommodation for only a sh