News Archive: June
Top 10 Selling Minibar Snacks for 2017 That Guests Love!
Minibar Systems | June 16, 2017
Minibar sales are driven by guest's impulses especially with comfort food and name brand recognition. Everyone always asks me "What are the top selling snacks out of the minibar?" says Walt Strasser, Executive Vice President at Minibar Systems, the Rockville, MD based global minibar supply company. "We are unique in that we track all product sales through our systems so we can monitor trends to better assist our client hotels with menu engineering and planning," says Strasser. The graphic above shows guest's desires when in the privacy of their hotel rooms. Unlike traditional stores or boutiques, the minibar sales are driven by guest's ...
SmartFridge – A New Supercool Product by Minibar Systems
Minibar Systems | June 20, 2017
The intelligent fridge that cools only when your guests need it! SmartFridge, an innovative new product from Minibar Systems, redefines hotel in-room convenience refrigeration technology with benefits for both guests and hotels. The control panel lets guests use the fridge when needed and can be shut down when not needed, saving up to 50% of specified energy consumption. Hotels are now able to offer guests the amenity they ask for and benefit from our fundamental commitment to develop sustainable products. LED guest convenience control panel Saves up to 50% in energy consumption Self-executing diagnostic tests Quiet compre...
HVS Releases the 2017 Hotel Cost Estimating Guide
Warren G Feldman | June 14, 2017
By Warren G Feldman, Scott P. Rosenberg , Christine Shanahan The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations in the USA. ...
Branding and Hospitality: What’s Your Differentiation?
June 28, 2017
By Grace Goni Not a week appears to go by without the opening of a luxury hotel somewhere in the world. Just take a look a consumer travel magazine and you'll see all sorts of new concepts and offerings flooding the market. Until about 15 years ago, the differentiation between luxury hotel brands was clear. Guests knew who was who and what was what. Today, the market is saturated with many different hotels, brands and offerings. If you factor in the disruption of new entrants due to technology, it is not surprising that customers are confused. As client demands are also changing, is it any wonder then that many luxury hotels are struggl...
Hospitality Distribution Veteran David Chestler Joins Kognitiv
Kognitiv | June 22, 2017
Waterloo, Canada (June 22, 2016) – Kognitiv Corporation is proud to announce that David Chestler, a well-recognized hospitality and travel executive with more than 28 years in the industry has joined their global management team. Prior to joining Kognitiv Corporation, he held senior positions at Pegasus Solutions (Utell), BirchStreet Systems, RateGain, Sceptre Hospitality Resources (SHR) and most recently SiteMinder. At Kognitiv, David is focused on Business Development for the global hospitality industry, offering an AI inspired solution set within a travel marketplace that brings brands and consumers together. Kognitiv believes ...
New York City’s MADE Names Executive Team in Anticipation of Fall Opening
June 20, 2017
New York, NY (June 20, 2017) – MADE, opening in New York City September 5, 2017, is pleased to announce the appointments of Brian Fahey as General Manager, Diane Black as Director of Sales, Greg Proechel as Executive Chef, and Charles Seich as Food and Beverage Partner. Brian Fahey, General Manager With more than a decade of experience in leading first-class operations in the hotel industry, Brian Fahey welcomes his new leadership role at MADE. Previously, Fahey held Front of House Manager roles at the Crosby Street Hotel, Four Seasons Hotel New York, Lanhgam Place Fifth Avenue, and the The Setai Fifth Avenue. Fahey got his start ...
iRiS Software Systems Platform Evolves With Launch of Hospitality API Library
iRiS | June 27, 2017
London 27th June 2017: iRiS, the leading platform provider to the hospitality industry, will today launch its Hospitality API Library at HITEC in Toronto. Following the successful launch of the enterprise-ready Guest Experience Platform (GXP®) at HITEC 2016, this launch continues a strategic shift in focus by iRiS to a platform as a service provider, delivering modular platform capabilities with open API's that can be configured to suit the requirements of every hospitality business. Since its founding, iRiS have created innovative solutions to meet the changing digital needs of the hospitality industry. With the launch of the Hospi...
Hotel Cap Rates Inching Up: Is It a Good Time to Sell Hotels?
Hans Detlefsen | June 7, 2017
By Hans Detlefsen Introduction For the past seven years, hotel capitalization rates (cap rates) have generally declined, according to investor surveys. The last time hotel cap rates increased for consecutive survey periods was in 2008, as the investment community realized the U.S. economy was in the early stages of a severe economic recession. From 2008 through early 2010, hotel cap rates jumped roughly 150 to 250 basis points, depending on which survey and hotel chain scale you observed. Since then, hotel cap rates have declined roughly 200 to 300 basis points, according to the same surveys. At the beginning of 2017, hotel cap rates st...
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