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Property Management Systems – A New Beginning
Jos Schaap | January 11, 2018
By Jos Schaap CEO and Founder - StayNTouch "Super easy to navigate. Which makes it easy to train new front desk agents on how to use the system. They support crew are helpful with answering your questions." "The system is simple and makes training new team members easy. No need to endless hours of "computer training" before taking someone new to the desk. With SNT you can hire for personality and trust that training the skills will be a breeze." "You have to keep up-to-speed with technology and not let interfaces and needless restrictions sit around for a decade untouched. This system pushes you to stay current and flexible." ...
Bank of America Downgrades Hotels Due to Threats Like Airbnb Reports Bloomberg
May 20, 2016
It's changing the industry. Bank of America analysts just checked out of the hotel industry. In a note published on Thursday, BofAML analysts led by Shaun Kelley cited a raft of pressures on the lodging sector, such as "soft" corporate demand, a glut of brick-and-mortar hotels, and pressure brought to bear by the Internet, including the rise of home-sharing startup Airbnb Inc. The team is downgrading Hilton Worldwide Holdings Inc., Hyatt Hotels Corp., and Hersha Hospitality Trust from "buy" to "neutral" and cutting RLJ Lodging Trust from a "buy" to "underperform." The analysts estima...
Marriott’s Bid for Starwood Challenged in Lawsuit by Hotel Owners
May 11, 2016
Owners of hotels in Chicago and New York filed suit Tuesday Plaintiffs say deal would violate exclusivity agreements by Chris Dolmetsch Marriott International Inc.'s acquisition of Starwood Hotels & Resorts Inc. was challenged by the owners of hotels in Chicago and New York who say the merger would violate exclusivity agreements. Cityfront Hotel Associates Limited Partners, the owner of the Sheraton Grand Chicago, and Dream Team Hotel Associates LLC, which owns the Westin Times Square in New York, sued Marriott and Starwood in New York state court Tuesday, arguing the merger would unfairly eat into their business. Sheraton and W...
Miami Suddenly Has a Glut of Plush Hotel Suites
May 9, 2016
by Hui-Yong Yu Rates decline during what is typically busiest season Mild U.S. winter also limits demand from the Northeast Hotels in sun-drenched Miami are getting burned by a pullback in Brazilian travel and a building boom that has added thousands of rooms to the market. Nightly room costs are dropping. Greater Miami's revenue per available room -- a key measure of rates and occupancies known as revpar -- has fallen each month this year, and in April was the worst of the top 25 U.S. markets, according to STR, a data provider for the lodging industry. Marriott International Inc., set to become the world's largest hotel operator, ...
