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New Discipline of Revenue Strategy Takes Center Stage at Industry’s First Revenue Strategy Summit
Duetto | November 14, 2013
More than 200 Leaders Discuss Threats, Opportunities and Disruption, at the Inaugural RSS, Powered by Duetto Thayer Lodging CEO Lee Pillsbury Urges Leaders to Take Risks, Assert Leadership, in Today's "Very Crowded Value Chain" New York, November 14, 2013 ... There was a sense something bigger was at work than "just an industry conference," as 200 leaders from the fields of revenue management, marketing, sales and distribution converged on today's first annual Revenue Strategy Summit at the Affinia Manhattan. That "something" was the birth of a new discipline -- Revenue Strategy -- as leaders from major hospitality brands, academic inst...
Rainmaker Welcomes Former Hilton Revenue Management Executive to Team
Rainmaker | November 11, 2013
New VP Business Consulting for Rainmaker to Help Hospitality Customers Drive Greater Revenue and Profitability ATLANTA, GA - November 11, 2013 - The Rainmaker Group, a world leader in automated revenue management software and services for the multifamily housing and gaming/hospitality industries, is pleased to announce the addition of veteran hospitality executive Erik Browning as Vice President of Business Consulting for Rainmaker's Gaming/Hospitality Division. Browning is an accomplished hospitality industry professional with senior level revenue management and operations experience. He came to Rainmaker after nearly twelve years with...
Hotel Assets Group Closes 5 Hotel Transactions in October
Hotel AG | November 4, 2013
ATLANTA - November 4, 2013 - Hotel AG announced today the firm closed 5 hotel transactions in the month of October. The hotels sold consisted of a Hilton Garden Inn and Hampton Inn & Suites in Nanuet, NY; a StayBridge Suites in Mt. Laurel, NJ; a bank-owned hotel located on the west coast and a Best Western located in Jacksonville, Florida. Hotel AG senior partners involved in the transactions included Andy Broad, Brad Sinclair, Tom Huegel and Michael Bernath. Keith Thompson, principal of the firm, commented, "These 5 recent transactions were all private owned and private buyers and continue to represent the strength of this current ...
AC Hotel in Cincinnati Announces Marriott As Brand
BuildCentral | November 4, 2013
Hotel-Online and BuildCentral Add/Update 136 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. November 4, 2013 - Hotel-Online and BuildCentral have added or updated 136 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: The Vine Inn and Suites (Los Angeles, CA) Dallas Midtown Hotels (Dallas, TX) 8 Maiden Lane Hotel ...
Rainmaker Implements GuestREV® Revenue Management System at Chickasaw Nation Properties in Oklahoma
WinStar World Casino and Resort | November 4, 2013
Two-Way Go-Live at WinStar World Casino and Resort, the Inn at WinStar, and the Artesian Hotel, Casino & Spa ATLANTA, GA - November 4, 2013 - Only weeks after receiving Info-Tech Research Group's Trend Setter Award for its "innovative approach of introducing gaming revenue to the revenue management modeling" and for having the "perfect system for cutting-edge casino-hotels looking to make decisions based on total guest value," The Rainmaker Group today announced that it has successfully implemented its GuestREV® revenue management system at WinStar World Casino and Resort, the Inn at WinStar in Thackerville, Okla., and the Artesia...
HFTP 2013-2014 Global Executive Committee and Board of Directors Begin Term
Hospitality Financial and Technology Professionals (HFTP) | November 1, 2013
AUSTIN, TEXAS, USA (November 1, 2013) - Today, the Global Executive Committee and Board of Directors for Hospitality Financial and Technology Professionals (HFTP) officially begin their 2013-2014 term. The association leaders represent a variety of hospitality industry segments (clubs, hotels, academics and management companies), and will use their professional expertise to help guide the association as it carries out its strategic plan. Upcoming goals for the association include growing globally, successfully serving the current global membership and continued development of the Global Hospitality Accounting Common Practices (GHACP), a...
Jerry Trieber Begins Term as HFTP Global President
Hospitality Financial and Technology Professionals (HFTP) | November 1, 2013
AUSTIN, TEXAS, USA (November 1, 2013) - Today, Jerry Trieber, CPA, CHAE, CFE, CFF, CGMA officially starts his term as Global President for Hospitality Financial and Technology Professionals (HFTP), with a directive to lead the association in carrying out its strategic goals. Trieber is regional director of accounting for Crestline Hotels and Resorts based out of Virginia. A member for 16 years, Trieber was recently honored at the HFTP Annual Convention & Tradeshow this past October in Dallas, Texas. "I am looking forward to working with the Global Board of Directors and Executive Committee to continue 'to lead and advance the hospit...
Thought Leaders Debate the Future of Revenue Strategy, at Inaugural Revenue Strategy Summit (RSS)
Duetto | November 1, 2013
Powered by Duetto, the RSS Will be Held November 12, 2013 at the Affinia Manhattan Hotel New York, November 1, 2013 ... Where can hotel professionals get guidance on how to leverage trends in technology, marketing and distribution to maximize revenue - as they network with the leading lights of the industry in an intimate, business-focused setting? It will be happening at the inaugural Revenue Strategy Summit (RSS), a gathering of thought leaders and practitioners who will examine forces reshaping the hospitality industry and discuss how marketing and technology must evolve to meet new demands. Distinguished speakers and panel participa...
ThistleDown Racino Implements InvoTech Systems to Protect Investment in 10,000 Designer Uniforms
InvoTech Systems | October 31, 2013
At IHM&RS Visit InvoTech in Booth # 3120 with T-Y Group November 9 – 12, Jacob K. Javits Center, NYC ThistleDown Racetrack Reopens as ThistleDown Racino by Caesars Entertainment; InvoTech Tracks New Staff Uniforms for Upscale Racino LOS ANGELES, CA - October 31, 2013 - InvoTech Systems, Inc., a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, and commercial laundry operators, announced ThistleDown Racino implemented its Uniform System to track uniforms for its 900 team members. ThistleDown Racetrack recently reopened as a Racino (racetrack-casino) operated by Caes...
Pebblebrook Reports Q3 2013 Net Income of $11.3M Compared to $7.5M Prior Period, RevPAR up 6.2%
Pebblebrook Hotel Trust | October 25, 2013
BETHESDA, Md.--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today reported results for the third quarter ended September 30, 2013. The Company's results include the following: (1) See tables for this this press release by visiting http://phx.corporate-ir.net/phoenix.zhtml?c=233964&p=irol-news&nyo=0 for a description of same-property information and reconciliations from net income (loss) to non-GAAP financial measures, including earnings before interest, taxes, depreciation and amortization ("EBITDA"), Adjusted EBITDA, Funds from Operations ("FFO"), FFO per share, Adjusted FFO and Adjusted FFO per share. For the details a...
150-Room AC Hotel Development Announced for Miami Beach
BuildCentral | October 21, 2013
Hotel-Online and BuildCentral Add/Update 158 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. October 21, 2013 - Hotel-Online and BuildCentral have added or updated 158 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Upmarket Hotel (Hackensack, NJ) 10-12 Maiden Lane Hotel (New York, NY) Gulfview Hotel Development...
Janelle Schwartz to Lead Sales and Marketing for M&R Hotel Management
M&R Hotel Management | October 16, 2013
GREAT NECK, N.Y. (Oct. 18, 2013) ─ M&R Hotel Management, a fast-growing, owner-operator based in Great Neck, N.Y., today announced the appointment of Janelle Schwartz, a 16-year hospitality veteran, as vice president of sales and marketing to oversee sales, marketing, e-commerce, revenue management, public relations and social media. Brian M. McSherry, M&R chief operating officer, said Schwartz brings "multiple branding skills" to her new role, notably experience marketing hotels under the Starwood, Hilton, Marriott and Leading Hotels of the World brands in the United States as well as destinations including Turks and Caicos a...
Video Report: InvoTech Demonstrates Automated Linen Operations using UHF-RFID Technology
InvoTech Systems | October 16, 2013
Laundry Cart Reading Station Counts and Records High-Volume Linens Instantly; Automatically Emails Production Reports to Housekeeping and the Laundry Manager with Real-Time Accurate Information LOS ANGELES, CA - October 16, 2013 - InvoTech Systems, Inc., a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, and commercial laundry operators, produced a video demonstration of its Linen Management System's UHF-RFID Laundry Cart Reading Station. InvoTech is recognized globally for its reliable, easy-to-use systems that save companies time and money. Click here for more informa...
Prosperity Equals Accuracy When it Comes to Hotel Budgets / Robert Mandelbaum & Viet Vo
Robert Mandelbaum and Viet Vo of PKF Hospitality Research | October 15, 2013
Since 2001, PKF Hospitality Research, LLC (PKF-HR) has assessed the accuracy of hotel budgets. Over the past 12 years, one trend has become very predictable. During times of industry prosperity, hotel budgets are extremely accurate. During the depths of the 2001 and 2009 industry recessions, hotel managers underestimated their revenue levels by an average of 10.4 percent, while the profit deficits averaged 23.4 percent. Conversely, when market conditions were on the rise, the budget variance for revenues was a positive 1.2 percent on average, while profit goals were exceeded by 3.4 percent. For the purpose of this analysis, profits are ...
1375-Room Luxury, New York Hotel Confirms General Contractor and Brand
BuildCentral | October 7, 2013
Hotel-Online and BuildCentral Add/Update 193 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. October 7, 2013 - Hotel-Online and BuildCentral have added or updated 193 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Johnnie Dodds Hotel (Mount Pleasant, SC) Boutique Hotel (Ocala, FL) Saxony Life Advocate Center ...
Revenue Strategy and Innovation Focus of the First Hotel Revenue Strategy Summit (RSS)
Duetto | October 3, 2013
Includes an Unprecedented Group of Speakers, Thought Leaders Powered by Duetto, the RSS Will be Held November 12, 2013 at the Affinia Manhattan Hotel New York, October 3, 2013 ... Silver Hospitality Group, LLC (SHG) announced selected speakers and session topics for the inaugural Revenue Strategy Summit (RSS), a gathering of thought leaders and practitioners who will examine forces reshaping the hospitality industry and discuss how marketing and technology must evolve to meet new demands. Distinguished speakers and panel participants will include: Lee Pillsbury, Chief Executive Officer of Thayer Lodging Cindy Estes Green, CEO and Co-...
Death by Data: How Misusing Hotel Analytics Data Can Hurt Your Revenue / Vikram Singh
Vikram Singh | October 2, 2013
Analytics is an amazing and powerful tool. Voltaire/FDR/Stan Lee (depends who you ask) has said, "With great power comes great responsibility." This is particularly relevant to Analytics users in the hotel industry who are making marketing decisions. Unfortunately, a lot of people misuse the power of hotel analytics, and end up hurting their hotel asset by limiting its online revenue or wasting precious time and marketing dollars. Here are some changes you should make in your online marketing strategy to avoid common, yet costly, mistakes. Note: Google Analytics is one of my favorite Google products of all time. I have been evangelizing...
Andaz Maui Wailea Opens with Staff of 300 and InvoTech for Fast, Reliable RFID Uniform Management
Andaz Maui at Wailea Resort & Spa | October 2, 2013
Luxury Property Uses InvoTech Systems' Wireless Handheld Readers to Manage 3,000 Uniforms. Operates with Less Labor; Counts and Tracks Hundreds of Uniforms in Seconds. LOS ANGELES, CA - October 2, 2013 - InvoTech Systems, Inc. announced Hyatt's Andaz Maui at Wailea installed the InvoTech UHF-RFID Uniform System to automate management of 3,000 uniforms for its staff of 300. The uniform management system is integrated with the U-Pick-It automated uniform delivery system from White Conveyors that puts uniforms in employees' hands quickly. InvoTech's system includes UHF-RFID handheld readers that enable instant uniform tracking via the prop...
Hotel AG Closes 5 Hotel Transactions in September
Hotel AG | October 1, 2013
ATLANTA - October 1, 2013 - Hotel AG announced today the firm closed 5 hotel transactions in the month of September. The hotels sold consisted of a large Hampton Inn & Suites in the Northeast, a 12-story Fairfield Inn & Suites located in a top 25 CBD market, a Sleep Inn in Florida, a university-owned boutique asset in the Southeast and a high-end independent hotel located in an affluent beach resort. Keith Thompson, principal of Hotel AG, commented, "These recent transactions represent a fairly broad ownership base and continue to demonstrate the strength of today's hotel transaction market." ...
Developers Revealed for Boomerang Lodge Redevelopment Hotel in Aspen, Colorado
BuildCentral | September 23, 2013
Hotel-Online and BuildCentral Add/Update 145 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. September 23, 2013 - Hotel-Online and BuildCentral have added or updated 145 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: La Quinta Inn & Suites (College Station, TX) Philadelphia Avenue Hotel (Ocean City, MD) 233...
NOW is the Best Time to Buy or Sell a Hotel in Many Years
September 23, 2013
For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 23 September 2013 A version of this article was first published in the September 21, 2013 issue of Hotel Business. The number of hotel transactions is up by more than 50% for the first 6 months of 2013 over the comparable period last year, and is expected to top $18 billion for 2013, according to Jones Lang LaSalle. And HVS reports that the sales transaction volume of hotels is now intersecting its 22-year moving average, and predicts that hotel values will continue to grow at an average o...
Robert T. Koger—Hotel Lawyer with the FBI Affidavit that Helped Put Koger Behind Bars
September 20, 2013
For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 20 September 2013 The hotel world has been fascinated by the civil litigation and criminal actions swirling around the former President and owner of Molinaro Koger, Robert T. Koger. In response to many inquiries, the hotel lawyers of JMBM's Global Hospitality Group® has posted the 17-page affidavit sworn to by an FBI special agent with more than 17 years of experience, most of it in investigating white collar crimes like those charged against Koger. If you just want the highlights, see th...
How to Drive Data for Better Decision-Making and Customer Fit
EyeforTravel | September 19, 2013
Sep 19, 2013 - Setting up a data infrastructure and reaping the benefits is a journey. However, if you use data efficiently to react to market conditions faster, then chances are you could understand your customers better, while also driving incremental revenue. EyeforTravel's Ritesh Gupta investigates If there is one thing that travel suppliers and intermediaries can agree on it is that data is central to decision-making. Furthermore, while it is difficult to define what makes a company truly data-driven, it is also clear that the industry is moving toward measurable ROI-driven models. For instance, in the past it would be acceptable f...
Hyatt Regency Houston Installs InvoTech Uniform System
Hyatt Regency Houston | September 17, 2013
InvoTech Creates "100% More Efficient Operation;" High-Occupancy Business Hotel Automates Uniform Management for Staff of 400; Tracks 2,000 Uniforms with Easy-to-Use System LOS ANGELES, CA - September 17, 2013 - InvoTech Systems, Inc. announced that the Hyatt Regency Houston installed the InvoTech Uniform System for more efficient uniform tracking for its staff of 400. The 947-room business hotel uses InvoTech to reduce labor hours and uniform losses through its management of more than 2,000 uniforms. Click here for more information on InvoTech's Linen, Uniform, Laundry, and Security Systems. "Hyatt Regency Houston has a large staff. So...
