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
China Pipeline Posts Modest Growth According to Lodging Econometrics
Lodging Econometrics | October 15, 2015
OCT. 15, 2015 - PORTSMOUTH, NH Lodging Econometrics reports that growth of the China Hotel Construction Pipeline, at 2,591 Projects/538,268 Rooms, is up modestly from a year ago, 10% by projects and 5% by rooms. The slowdown in its manufacturing industries, coupled with a falloff in real estate and infrastructure construction, has tempered pipeline growth and is likely to continue doing so in the immediate future. ...
Europe’s Economic Recovery and Construction Pipeline May Face New Challenges
Lodging Econometrics | October 14, 2015
European economies have been slow to recover from the Great Recession but began to gain momentum in early 2014. Today, optimism about the economy is more tempered as the economic shockwaves from China's downturn and those of its major trade partners may threaten Europe's fledgling recovery. Overall, the investment climate has changed markedly as much of Europe is now in a reactionary mode, on the watch for further economic and political headwinds. Since early 2014 the hotel construction pipeline has experienced five consecutive quarters of modest YOY improvements and has grown to 890 Projects/143,744 Rooms (Chart 1), the highest...
Aptech to Provide Budget/Forecast Leadership Session
Aptech Computer Systems, Inc. | October 14, 2015
Prophix Taps Aptech to Present Hospitality Industry Budgeting and Forecasting Session Pittsburgh, PA – October 14, 2015 – Aptech Computer Systems announce that on October 15 it will provide a thought leadership session on Hospitality Budgeting and Forecasting for international Corporate Performance Management (CPM) leader Prophix. Aptech is the leading provider of hospitality software for business intelligence, budgeting/forecasting, and enterprise financial accounting. Prophix serves more than 2600 companies in 92 countries with its CPM software that automates important financial and operational processes that reduce risks ...
Lodging Econometrics Reports Eight Straight Quarters of Year-Over-Year U.S. Pipeline Growth
Lodging Econometrics | October 13, 2015
OCT. 13, 2015 - PORTSMOUTH, NH - According to a recent United States Construction Pipeline Trend Report from Lodging Econometrics, the Pipeline has now posted eight straight quarters of Year-Over-Year (YOY) growth and recorded double-digit increases in each of the last four quarters. The Construction Pipeline is at 4,038 Projects/507,221 Rooms, up more than 20% YOY by room count. The Pipeline is 29% below the 2008 high of 5,883 Projects/785,547 Rooms. Analysts at Lodging Econometrics say that the number of New Project Announcements entering the Pipeline is accelerating and think that the hotel real estate cycle has about two more years ...
Be a Part of the Future of Hotel Marketing & Revenue Management with RevPAR Hacking
Flip.to | October 8, 2015
Hot off the press from Flip.to and industry leaders, RevPAR Hacking is the ultimate guide to the impact of revenue culture. Not only will readers get insight from leading experts in their field, but they'll also learn the tips and tools to put them at the forefront of hotel marketing and revenue management. So what does it mean for a hotel to have a revenue culture? By aligning collective goals, teams work together as they aspire to generate the most revenue—and the entire organization will reap the rewards. In fact, so will the guests, as there will be more resources available to serve their needs. A revenue culture spans everyo...
Ralph R. Miller, CPA, CA, CBV, CHA, CHAE to Receive the 2015 Paragon Award Recipient
HFTP | October 6, 2015
Hospitality Financial and Technology Professionals will honor Miller at the 2015 Annual Convention & Tradeshow AUSTIN, TEXAS, USA (October 6, 2015) — Ralph R. Miller, CPA, CA, CBV, CHA, CHAE was selected as the 2015 Hospitality Financial and Technology Professionals (HFTP) Paragon Award recipient for his unwavering support of HFTP and the continuing actions to increase knowledge sharing and growth of the hospitality industry. Based in Calgary, Alb., Canada, Miller is president of Inntegrated Hospitality Management Ltd. Miller will be presented with the prestigious Paragon Award, established to recognize individuals who have ma...
Hotel Equities Rolls Out Full Service & Resorts Division, Taps Dominic Buompastore as Vice President
Hotel Equities (HE) | October 6, 2015
ATLANTA, GA (October 6, 2015) - In response to its dynamic growth, Atlanta-based Hotel Equities (HE) announced the formation of the firm's Full Service & Resorts Division and named long-time industry veteran Dominic Buompastore as the Vice President of Operations, Full Service & Resorts. Mr. Buompastore reports to Chuck Powell, Senior Vice President of Operations. Mr. Buompastore's responsibilities include oversight of all full service and resort operations including renovation and design, as well as food and beverage for the firm's portfolio. He works closely with Hotel Equities' executive team, as well as the R...
EB-5 Regional Center Program is Extended, Senate Bill Proposes Making Program Permanent
Jim Butler | October 5, 2015
By Jim Butler and the Global Hospitality Group® 05 October 2015 We are pleased that the Continuing Resolution passed by Congress includes a temporary extension of the EB-5 Regional Center Program. This extension allows the program to continue generating foreign direct investment and creating U.S. jobs through December 11, 2015. In addition to extending the current program to December 11, this will also provide additional time for Congress to consider a long-term reauthorization bill that would include reform measures to strengthen federal oversight and the integrity of the program. Members of Congress from both parties and both the ...
IHG Names Two New Area General Managers for North and South Regions of South West Asia
IHG (InterContinental Hotels Group) | October 5, 2015
New Delhi, India, October 05, 2015: InterContinental Hotels Group (IHG), one of the world's leading hotel companies, has announced the appointment of Arindam Kunar as Area General Manager, South India and Greesh Bindra as Area General Manager, North India. In his new role, Arindam is responsible for driving the performance of IHG's hotels in South India. This includes the company's two hotels in Kochi: Crowne Plaza Kochi and Holiday Inn Kochi; Crowne Plaza Bengaluru Electronics City, and the latest addition to the IHG family, Holiday Inn & Suites Bengaluru Whitefield. The company's two hotels due to open in Chennai over ...
Survey by Partners NATHIC & Lodging Econometrics Finds High Interest in Buying/Developing Hotels
Lodging Econometrics | October 1, 2015
Miami, Fla., October 1, 2015—Officials of the North American Tourism & Hospitality Investment Conference (NATHIC) in conjunction with Lodging Econometrics, the lodging industry's leading consulting partner for global real estate intelligence, today announced that respondents to a survey of hotel owners and investors found high interest in both buying and building hotels-signifying a continuation of the current Lodging Real Estate Cycle. The survey includes responses from hoteliers who currently are "active" in the market. The 7th annual NATHIC event will be held November 4-6 at the Fontainebleau Hotel in Miami. NATHIC is a par...
European Hotel Transactions up 58% Year-on-Year, Says HVS
HVS | September 30, 2015
30 September 2015, London: Transactions in the European hotel sector have seen a big increase with volume reaching €12bn in the year to date, according to Charles Human, HVS managing director, speaking yesterday [29 September 2015] at the Hotel Investment Conference Europe at London's Jumeirah Carlton Tower. Introducing a session on private equity, Human painted a positive outlook of today's hotel investment sector, outlining the fact there had been a 58% year-on-year volume increase. The UK, he said, had seen the biggest number of deals, with €6.8bn-worth, representing 55% of total European volume. Some €5.2bn had been p...
Duetto to Provide Revenue Strategy Solutions for Trump Hotel Collection
Duetto | September 28, 2015
New York, September 28, 2015 – Duetto, the market leader in hotel profit optimization technology, announced today that it will implement its revenue strategy solutions for Trump Hotel Collection, bringing new insights on pricing and demand to the luxury hotel collection, known for its unmatched standard of excellence, personalized service and prime locations worldwide. Duetto will launch its services in nine sought-after destinations, encompassing more than 3,000 rooms worldwide. The rollout will begin with the 391-room Trump SoHo New York, followed by a rollout at Trump properties in Chicago, Honolulu, Las Vegas, Miami, Panama, C...
Hotel Equities Names Jason Caughron GM for Hampton Inn & Suites by Hilton Dunwoody/Perimeter Center
Hotel Equities | September 23, 2015
An early 2016 opening is planned for the 132-key North Atlanta hotel Atlanta, GA - September 23, 2015 - Atlanta-based Hotel Equities announced the hiring of Jason Caughron as the General Manager of the new Hampton Inn & Suites by Hilton Dunwoody/Perimeter Center in North Atlanta. Mr. Caughron has responsibility for overseeing the management of all operations at the hotel including food & beverage concepts plus sales, marketing and revenue management strategies. He will also execute timelines and oversee all activities to prepare the hotel for opening. Hotel Development Partners, based in Dunwoody, owns the 132-room hotel under c...
Hot Topics for Restaurants: EB-5 and Crowdfunding Investment, Licensing, and Gift Card Programs
Jim Butler | September 23, 2015
By Jim Butler and the Global Hospitality Group® Author of www.HotelLawBlog.com September 2015 The Global Hospitality Group® is best known for its expertise in connection with hotels and resorts. We also have an active restaurant practice, and like a hotel, a restaurant is an operating business integrally intertwined with special purpose real estate. We frequently advise restaurant owners and operators on labor and employment, ADA, management, and finance and licensing issues, and we have a particular expertise relating to celebrity chef deals. Senior Global Hospitality Group® member David Sudeck recently participated in a ro...
Travelers Predict Future of Travel: Face Recognition Technology, Hologram Personal Trainers & More
Marriott | September 22, 2015
The Top 10 Ways Travel Will Change: Results Revealed in New Survey from Marriott Rewards Credit Card from Chase WILMINGTON, Del.--September 22, 2015--A new survey unveiled today by Marriott Rewards Credit Card from Chase asked Americans to imagine the near future and predict what the travel experience could look like. Their top predictions reveal some surprises. "As travel becomes more advanced, we are making it easier for travelers to earn credit card reward points for the trips they are taking today, and to put toward their future travel." From unique travel experiences to putting the real in virtual reality, American travelers are...
HFTP Adds to Very Successful Social Responsibility Program, HITEC Helps, with HFTP Helps
HFTP | September 17, 2015
HFTP Helps will feature a Silent Auction to benefit the disaster relief fund of the Northwest Region American Red Cross AUSTIN, TEXAS, USA (September 17, 2015) — Global hospitality association Hospitality Financial and Technology Professionals (HFTP®) is adding to its hugely successful community giving efforts with HFTP Helps. The first portion of the program, HITEC Helps, first held this year in Austin, Texas to support the United Way for Greater Austin during the Hospitality Industry Technology Exposition & Conference (HITEC) raised over $15,000 USD in support of the Austin-areas' Memorial Day flood victims. Riding off of the e...
Aptech Selected by Coastal Hotels, Margaritaville Hollywood Beach Resort
Coastal Hotels | September 15, 2015
Coastal Hotel Group Taps Aptech for Business Intelligence and Targetvue Budgeting/Forecasting; Margaritaville Hollywood Beach Resort Selects Profitvue® Back Office Pittsburgh, PA – September 15, 2015 – Aptech Computer Systems announced Coastal Hotels with 4 properties in the western US selected Execuvue® Enterprise Business Intelligence and Targetvue Budgeting and Forecasting. Margaritaville Beach Resort will also install Aptech's Profitvue Enterprise Financial Accounting for its 349-room destination property in Hollywood, FL. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterpri...
HFTP to Honor David Meyer as the 2015 Certified Hospitality Accountant Executive (CHAE) of the Year
HFTP | September 14, 2015
AUSTIN, TEXAS, USA (September 14, 2015) - Hospitality Financial and Technology Professionals (HFTP®) will honor David Meyer, CHAE as the 2015 Certified Hospitality Accountant Executive (CHAE) of the Year at the 2015 HFTP Annual Convention and Tradeshow. The CHAE of the Year honors the individual that scored the highest on the CHAE certification exam in a given year and this year HFTP will induct the 32nd honoree. The Annual Convention and Tradeshow will be held October 21-24 at the Hyatt Regency in Bellevue, Wash. USA. Meyer became fascinated with the hospitality business during college when he wrote a paper about hotel management. Tha...
Leading Hotels to Offer Duetto’s Revenue Strategy Solutions to More than 400 Properties Worldwide
Duetto | September 10, 2015
San Francisco, September 10, 2015 -- Duetto, the market leader in hotel profit optimization technology, announced an alliance with The Leading Hotels of the World, Ltd., to make its Revenue Strategy Solutions available to more than 400 hotels worldwide. Leading Hotels is one of the largest luxury hotel collections, with some of the world's most exceptional properties in more than 80 countries. Jon Londeen, Senior Vice President, Distribution and Reservations Management at The Leading Hotels of the World said, "With solutions that address the unique challenges of independent luxury hotels, Duetto delivers powerful insights on pricing and...
The Hotel Guide to Budgeting Business Intelligence Tools in 2016
nSight | September 8, 2015
nSight's New eBook Provides Goal-Based Tips for 2016 Budgets NASHVILLE, TN - September 8, 2015 -nSight, the leader in online consumer shopping intelligence for hotels and destinations, today released its eBook on how hotels should plan and budget for business intelligence tools for the upcoming year in an always-changing consumer environment. The simple tips in this eBook help hoteliers be positioned better to increase bookings in 2016 by understanding and targeting consumers more proactively and more effectively than the competition. Hotel distribution is more complex today with a growing number of intermediaries between the hotel prod...
Hong Kong’s The Upper House Implements Duetto’s Revenue Strategy Solutions
Duetto | September 8, 2015
Duetto brings new levels of insight and revenue optimization to one of Hong Kong's most luxurious properties Hong Kong, September 8, 2015 – Duetto, the market leader in hotel profit optimization technology, announced that The Upper House is implementing its revenue strategy solutions, bringing new insights on pricing and demand to the landmark property. The Upper House is managed by Swire Hotels, an international management company with properties in Asia, Europe and North America. Designed by architect Andre Fu, The Upper House is a distinctive modern luxury property that sits atop Hong Kong's bustling urban landscape. Duetto pro...
How the Sharing Economy is (Mis)shaping the Future
Alan E. Young | September 2, 2015
Is this disruptive new trend really good for the economy and consumers? By Alan E. Young Chances are, you've used some sort of "sharing" service or technology recently. Maybe you've taken an Uber ride home from the airport, or rented out a loft from Airbnb for a weekend trip. Many people are saying that the sharing economy is the way of the future. It may indeed be disruptive, but is this trend really good for the economy and consumers? Whether you call it the Sharing Economy, the Collaborative Economy, the Gig Economy or C2C (Consumer to Consumer), it's certainly innovative and by all indicators, on the rise. More and more startups and...
What Every Hotel Owner (& Operator) Needs to Know About “Data Security” After Wyndham Worldwide Case
Bob Braun | September 2, 2015
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com Massive data breaches affect hotels and their legal responsibilities. As unauthorized hacking of confidential data explodes in volume and seriousness, minimum expected standards are evolving that hoteliers and others must follow. Interestingly, the latest guidelines are provided in an August 24, 2015 appellate court decision involving Wyndham Worldwide as if to emphasize that these rules (really) apply to the hotel industry. How did this case arise? What are some basic steps that everyone with confidential data is expected to take? What h...
Hotel AG Announces Recent Closings
Hotel AG | September 1, 2015
ATLANTA – September 1, 2015 – Hotel AG announced today the firm's recent sales transactions. Hotel AG has been involved in 225 hotel sale transactions since January 2013 totaling $2.3 billion in market value. Over that period, the firm has averaged closing 1 hotel transaction every 4 days. Recently, the firm closed a large portfolio transaction in the Midwest, a pure Marriott portfolio in Florida along with a double handful of single asset transactions across the country. All of these transactions were sold on behalf of institutional clients. Currently, the firm has 196 hotels on the market of which $402 million of market value is p...
