Minor Hotels to Debut in Singapore With Avani Hotels & Resorts Lifestyle Brand
Avani Hotels & Resorts | September 3, 2024
Brandt Hospitality Group Getting Great Results From Accounting Software Partner
Aptech | June 5, 2024
Finance & Development
Rainmaker Closes Record-Breaking Q1 With Largest Sales Quarter in Company History
Rainmaker | April 26, 2018
Alpharetta, GA – April 26, 2018 - The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software reports high Q1 growth with the largest hospitality sales quarter in the company's history in addition to going live with several notable new brands. Also in Q1, Rainmaker appointed several new employees to fuel sales growth and product innovation, was honored by the City of Alpharetta with the Business of Excellence Award for the fifth consecutive year and hosted OPTIMIZE 2018, Rainmaker's annual user conference, in Miami, FL. "We're proud to kick off 2018 with such a strong sal...
Fairmas expands with company representation in Amsterdam
Fairmas GmbH | April 26, 2018
Ellen Huerst represents Berlin-based hotel software developer Fairmas in Benelux April 25, 2018: Ellen Huerst, co-founder of PowerYourRoom, takes over the representation of Fairmas GmbH in the Benelux region with immediate effect. With this, Fairmas GmbH is taking another important step in the direction of expansion with the aim to further increase its international presence in the highly specialized niche market of the hotel industry. Since its foundation in Berlin in 2003, Fairmas GmbH has been developing financial planning and management reporting software tailored to the needs of the hotel industry. The success of the Fairmas produc...
Analysis Reveals Costly Impact of New York City’s Plan to Curb Hotel Development in M1 Zones
LW Hospitality Advisors | April 25, 2018
NEW YORK, April 25, 2018 -- Leading hotel industry analyst LW Hospitality Advisors has announced the findings of a comprehensive M1 Zoning Hotel Market Analysis completed in advance the City's decision whether to certify the Proposed Action as early as next week. The report identifies the potential unintended economic and social impacts for New York City if the proposed special permit to limit new hotel development in M1 zoning districts is adopted by the New York City Department of City Planning (DCP). As indicated by one of the report's authors, Robert Van Laer of LW Hospitality Advisors, if the special permit is granted, New ...
Baywood Hotels Opens Tru by Hilton Downtown San Antonio Through Adaptive Reuse of Historic Gillespie Ford Building
Tru by Hilton | April 25, 2018
SAN ANTONIO & MCLEAN, Va.--Hilton's (NYSE: HLT) midscale hotel brand, Tru by Hilton, is expanding its footprint in Texas with a new property opening in downtown San Antonio. This is the second Tru by Hilton property in the Lone Star State and the first adaptive reuse project for the brand, underscoring the new property's unique historical influence. Tru by Hilton continues to reinvent the midscale hotel category and is increasing its presence in larger, higher visibility markets such as downtown San Antonio. Tru by Hilton Downtown San Antonio was once the façade of the '30s'-era Gillespie Ford Building. The first two floors o...
Participate in HFTP’s Entrepreneur 20X at HITEC Houston
HITEC | April 25, 2018
HFTP is accepting submissions for startups until May 4 and judges and mentors until May 18 Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition and Conference (HITEC®), is currently accepting applications for participants, judges and mentors for Entrepreneur 20X (E20X) at HITEC Houston. Those interested can apply via the HITEC website – startups can apply here, and volunteers can apply here. E20X Houston will take place on Monday, June 18 from 1:00 to 4:00 p.m. at the Gorge R. Brown Convention Center in Houston, Texas. E20X participants will be selected from th...
Frasers Hospitality Partners With Duetto to Bring Revenue Strategy to Serviced Residences
Frasers Hospitality | April 25, 2018
Companies Plan Further Collaboration to Innovate New Extended-Stay Features for GameChanger App Singapore, 25 April, 2018 — Frasers Hospitality, which operates nearly 150 serviced-residence and luxury boutique hotels across Asia, Australia, Europe and the Middle East, has partnered with Duetto to adopt its Revenue Strategy approach and cloud-based technology. Frasers is implementing Duetto's Open Pricing application, GameChanger, across its global portfolio, and the two companies are working together to innovate new features and strategies for room rates in the extended-stay segment of hospitality. "Serviced residences are one of ...
Evolution Of Asset Management In India’s Hotels
Hotelivate Private Limited | April 25, 2018
Not too long back, hotel ownership and hotel management in Asia were like Siamese twins – co-joined at birth, despite being distinctly different from each other. Four domestic chains largely dominated the hotel ownership landscape – IHCL (Taj), EIH (Oberoi) and ITC (ITC Hotels, WelcomHotel) and the government-owned ITDC (Ashok). Most of these started as a single hotel entity but thereafter grew organically and, in the fullness of time, some of these companies have been able to create enviable brands that have the strong recall at a global level. However, business was carried out via a rather linear equation wherein the ownin...
What Hotels of Tomorrow Can Learn From the Airbnb’s of Today
Alan E. Young | April 24, 2018
By Alan E. Young The travel and lodging industry has evolved into an undeniably exciting space. Rife with new technology, aesthetically impressive social media pages acting as travel inspiration for millennials and a rise in boutique accommodations. This change and ensuing competition are continuously on the horizon. This competitive landscape stretches between hotels brands as well as between hotels and non-traditional accommodation models, such as Airbnb. With both service models existing within the same industry and catering to similar guest demographics, there is a wealth of experiential knowledge to be shared/gained as they strive ...
Newly Renovated and Rebranded Hilton Santa Barbara Beachfront Resort Opens on California’s Central Coast
Hilton Hotels & Resorts | April 24, 2018
April 24, 2018 SANTA BARBARA, Calif. - Today, Santa Barbara's iconic beachside destination opens its doors as Hilton Santa Barbara Beachfront Resort, where guests will enjoy stunning coastal views. All 360 newly-remodeled guest rooms are stylishly appointed with ocean and sky-blue tones, driftwood inspired interiors, private balconies or patios. The resort is a premier meetings and events destination with a wide array of indoor and outdoor event space, perfect for weddings, conferences and gatherings of any size. Centrally located, the landmark property is walking distance from quaint downtown Santa Barbara and easily accessible to Sant...
HFTP Announces 2018 CHTP of the Year Recipient
HFTP | April 24, 2018
Sean Van Dyke, CHTP of St. Julien Hotel and Spa will be honored at HITEC Houston this June Hospitality Financial and Technology Professionals (HFTP®), will honor Sean Van Dyke, CHTP as the 2018 Certified Hospitality Technology Professional (CHTP®) of the Year at HITEC Houston this June. The CHTP of the Year award honors the individual that scored the highest on the CHTP certification exam within a given year. HITEC Houston, HFTP's second and largest HITEC of 2018, will take place from June 18-21 at the George R. Brown Convention Center in Houston, Texas USA. Van Dyke works as a director of IT at St. Julien Hotel & Spa, a...
North American Hoteliers Spring Into Second Quarter of 2018 With Continued Growth
TravelClick | April 24, 2018
Strong Group Travel Drives Increases in Rates and Bookings NEW YORK – April 24, 2018 – TravelClick, a leading global provider of data and revenue-generating solutions for hoteliers, today released new data from the Company's April 2018 North American Hospitality Review (NAHR). According to this data, North American hoteliers are experiencing continued growth in the second quarter of 2018, with bookings up 2.7 percent and average daily rates (ADR) up 2.5 percent across all travel segments. Driving much of this growth is group travel, up 7.5 percent in bookings, 3.8 percent in ADR and 11.6 percent in revenue per available room...
Hospitality Financial Leadership: Fixed/Variable Costs and Room Revenue Management
David Lund | April 23, 2018
By David Lund Lately, I have spoken to several revenue managers who have told me how much their cost is to take a room—to make that last sale of the day. What I heard concerns me because it tells me some people do not understand the fixed vs. variable components of payroll and expenses in their hotels. Quite simply put, one revenue manager told me his cost to take a room in his hotel in NYC was $290. "What?" I exclaimed over the telephone. "Yes, that's the cost." To which I replied, "That's the total cost of all your expenses, both fixed and variable?" Silence ensued for a moment and I said, "Let's slow things down and look at the...
Hotel Equities Selected to Operate New Fairfield Inn & Suites by Marriott® Edmonton International Airport
Hotel Equities | April 23, 2018
ATLANTA, GA - (April 23, 2018) – Atlanta-based Hotel Equities (HE) announced its selection as the management firm for a new-build Fairfield Inn & Suites by Marriott-Edmonton International Airport located in Edmonton, Alberta. Owned by K5 Investment Group, LLC of Edmonton, AB. The 135-room property is currently under construction and scheduled to be completed first quarter 2019. Hotel Equities is honored to partner with the wonderful hotel and family. "The quality of the buildout is only surpassed by the commitment and integrity of the family," said Joe Reardon, Sr. Vice President of Business Development & Marketing for Hot...
In Partnership with Arabia Hotels, IHG Signs for Two New Build Hotels in Giza, Egypt
IHG | April 23, 2018
IHG (InterContinental Hotels Group), one of the world's leading hotel companies, announced the signing of two new hotels in Giza, Egypt - Holiday Inn Giza Sun Capital and Staybridge Suites Giza Sun Capital, in partnership with Arabia Hotels, a subsidiary of Arabia Holding. The announcement was made at the Arabian Travel Market 2018. The new development aligns with IHG's strategy for portfolio expansion across Middle East and North Africa (MENA), by strengthening the presence in primary markets. Scheduled to open in 2023, and with rooms directly overlooking the Pyramids, the 200-room Holiday Inn Giza Sun Capital and 150-rooms Staybridge ...
Avison Young Hospitality Group Releases Timely Video Discussing Q2 Hospitality Trends
Avison Young | April 23, 2018
ATLANTA – April 23, 2018 – The Avison Young Hospitality Group recently released its second-quarter video on the state of the hospitality market. In the video, Keith Thompson, principal, Avison Young, discusses current trends, whether public or private hotel owners should hold, sell or refinance their asset and why the opportunity to make a move is now. For additional information about The Avison Young Hospitality Group, visit hospitality.avisonyoung.com. ...
Rainmaker Expands Business Operations in the Middle East and Africa by Adding Hicham Diab to Dubai Office
Rainmaker | April 23, 2018
ALPHARETTA, GA – April 23, 2018 – The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced the expansion of its Middle East and Africa (MEA) operations by naming Hicham Diab as regional director of business development MEA. Rainmaker currently provides solutions and services to several international hotel organizations in the region, including Kerzner International and Mövenpick Hotels & Resorts. Rainmaker's decision to add a regional director of business development will further enhance its service capabilities to both current and prosp...
Owned by Connell Hospitality LLC and Managed by Davidson Hotels and Resorts, the Embassy Suites by Hilton Berkeley Heights Opens
Davidson Hotels & Resorts | April 19, 2018
BERKLEY HEIGHTS, N.J. - Embassy Suites by Hilton, a global brand of upscale, all-suite hotels from Hilton (NYSE: HLT), announced today the opening of a newly-built hotel in Berkeley Heights. Embassy Suites by Hilton prides itself on offering guests an approachable and stress-free experience at each of its hotel properties. The brand new urban oasis Embassy Suites by Hilton Berkeley Heights is set amidst the rolling hills of Berkeley Heights, in the heart of Central New Jersey's pharma country. It is conveniently located 15 miles away from Newark Liberty International Airport and guests can enjoy easy access to The Summit train stati...
IHG, Along With Al-Futtaim, Open the Holiday Inn Dubai Festival City and Enter Agreement for New Staybridge Suites Dubai Festival City
IHG | April 19, 2018
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, has further strengthened its long term alliance with Al-Futtaim, one of UAE's most progressive business conglomerates, with the opening of the highly anticipated Holiday Inn Dubai Festival City, the largest Holiday Inn hotel in the UAE. On this occasion, the partners also announced the signing of a management agreement for Staybridge Suites Dubai Festival City, which will debut the brand in Dubai. To mark this twofold celebration, IHG's global leadership team including Global CEO, Keith Barr and CEO EMEAA, Kenneth Macpherson were present for the signing and...
Who Will You See at Meet the Money?
Jim Butler | April 19, 2018
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 18 April 2018 - It's almost May, so our annual Meet the Money® Conference is almost here! JMBM's Global Hospitality Group® will host the 28th year of our national hotel finance and investment conference May 7-9, 2018 at the Hyatt Regency LAX. This must-attend event gives you access to plenty of efficient networking and the latest insights into industry trends and strategies. The industry's top hotel owners, developers, operators, brands, investors, lenders, and other capital providers come together every year at Meet the Money to ...
IHG® Signs Agreement With Al Hokair Hospitality for Development of at Least 10 Holiday Inn Express® Hotels in Saudi Arabia
IHG | April 18, 2018
InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, has signed a Master Development Agreement (MDA) with Saudi Arabian business conglomerate, Al Hokair Group, which will see the debut of Holiday Inn Express® brand in Saudi Arabia, with a rollout of at least 10 Holiday Inn Express® hotels over next 15 years. This significant development, which was announced at Arabian Hotel Investment Conference (AHIC), complements IHG's robust pipeline in the Kingdom and cements its position as one of the leading operators in the country, as well as consolidating its partnership with the Al Hokair Group. Al Hoka...
SOPHY Hyde Park: A Groundbreaking Hotel Evokes the Best of Historic Hyde Park’s Architecture & Design
SOPHY Hyde Park | April 18, 2018
Chicago, IL – April 18, 2018. For locals and visitors alike, Hyde Park holds a unique place in the history of Chicago. This historic neighborhood, home to the University of Chicago and one of the most racially and culturally diverse areas in the city, has a rich legacy of intellectual, artistic and cultural innovation that continues to this day. The developers and designers of the first luxury boutique hotel in Chicago's South Side in over a generation took inspiration from this unique heritage when creating SOPHY Hyde Park. The name of this new 98-room boutique hotel is rooted in the Greek word "sophia," meaning wisdom and dedica...
Total Revenue Management- The Journey from Capacity to Profit Management
Bespoke Revenue Management | April 18, 2018
It is a fact that over the last years, we have seen a growing need for traditional revenue management (RM) to evolve from having sole emphasis in optimising revenue mainly from room sales, towards adopting a more holistic view and focusing on achieving profit maximisation across the whole organisation. The latest developments in technology and added pressure in the market have advanced RM to acquire a strategic and proactive planning role with emphasis in maximising all components of the customer journey, instead of being utilised as a short-term reactive solution. This brought forth the idea of Total Revenue Management – a concep...
The True Essence of Hotel Revenue Management
Dan Skodol | April 17, 2018
By Dan Skodol In 1972, an employee of British Overseas Airways Corporation by the name of Ken Littlewood provided the genesis of what has become today's revenue management (RM) discipline. He established "Littlewood's Rule," a yield management rule that addressed revenue maximization by proposing that discounted fares be accepted if their revenue value exceeded anticipated revenue from the expected value of full-fare tickets. Littlewood's algorithm led to experimentation with "fenced" pricing and a forecasting system based on seat inventory. Airlines also tried to fill as many seats as possible by predicting how many booked passengers w...
MDM Hotel Group Adds Aptech’s Execuvue® Business Intelligence System to Its Suite of Financial Tools
MDM Group | April 17, 2018
Award-Winning Operator Implements Execuvue BI Solution; Automatically Integrates Data from PMS, Timeclock and Aptech's Accounting and Budgeting/Forecasting Applications PITTSBURGH – April 17, 2017 – Aptech Computer Systems announced Miami-based MDM Hotel Group implemented the Execuvue Hospitality Business Intelligence System to automate data gathering, performance reporting and analysis for its portfolio of hotels. MDM is a respected developer that operates full service Marriott and independent properties and commercial businesses in South Florida. Aptech is the leading provider of business intelligence, budgeting and forec...
