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Hospitality Financial Leadership: What Are CAP Rates and How to Use Them
David Lund | November 4, 2024
A capitalization rate, or cap rate, is a measure of the income return on an asset, such as hotel or rental property, relative to its purchase price. It is calculated by dividing the net operating income (NOI) of the asset by its purchase price. That’s what this piece is all about. It also must be said from the get-go that understanding cap rates is not so difficult. “Normally” NOI is calculated using all income less all operating expenses but does not include costs for debt, depreciation, amortization, reserve for capital expense or income taxes. That’s the typical basis for the calculation of the hotel’s value, est...
Why Smart Hospitality Companies Are Accelerating CapEx Digital Transformation
Johannes Vocke | August 27, 2024
How modern capital expenditure solutions lead to efficiency, savings and long-term growth By Johannes Vocke, FutureLog Chief Financial Officer Historically, hospitality professionals have viewed procurement as a cost centre. But now, after years of social, economic, and political upheaval, procurement is evolving into a strategic function that helps hospitality organisations realise their broader business goals. Look no further than CapEx- Capital Expenditures, funds used to obtain or maintain assets with a useful lifespan exceeding one year. According to McKinsey research, strategic CapEx management can reduce overall capital spen...
Hospitality Asset Managers Association (HAMA) Opens 2024 Student Case Competition
HAMA | August 12, 2024
More than 40 Undergraduate and Graduate-Level Programs Invited to Participate NEWTON, Mass., Aug. 12, 2024—Officials of the Hospitality Asset Managers Association (“HAMA”) today announced that it has now accepting submissions for the 19th Annual HAMA Student Case Competition. Participating students from more than 40 undergraduate and graduate programs nationwide are given a return on investment scenario to analyze and formulate a recommendation to improve the business. This year, HAMA has partnered with HotStats for benchmarking data and LARC for a market forecast of Boston. These industry leading firms have provided critical rep...
RezRecover Celebrates Record-Setting Year With Over $78M in Recovered Bookings for Hotels, 200+ New Implementations, and 143 New Properties
RezRecover by CartStack | April 11, 2023
MINNEAPOLIS, MIN – CartStack, the leading eCommerce technology behind RezRecover, has much more to celebrate than the new year. The company recently announced a landmark year of record-setting reservations recovered, new hotel clients, technology advancements, and key strategic partnerships. Founded in 2013, CartStack developed RezRecover, the first-to-market, enterprise-grade solution to solve this costly $10B booking abandonment problem for hotel operators, resorts, and multi-property groups. The company attributes its trajectory of success to its game-changing reservation recovery solution that is seamless to implement and deliv...
America’s Executives: Face-to-Face Meetings Grow Revenue
U.S. Travel Association | March 29, 2023
Face-to-face meetings and business travel creates measurable benefits for companies and organizations—from increased revenue to lasting and effective professional relationships. This is the message the U.S. travel industry—and meetings professionals around the world—will share March 30 on Global Meetings Industry Day (GMID), the annual international day of advocacy showcasing the value business meetings, trade shows, incentive travel, exhibitions, conferences and conventions bring to people, businesses and the economy. “Business leaders know the most persuasive communication doesn’t happen through a screen—it happens when ...
IDeaS Launches Automated Configuration Feature for G3 RMS
IDeaS | March 29, 2023
Innovation decreases time to value and ensures confidence in data configuration when implementing G3 RMS. MINNEAPOLIS—March 29, 2023—IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, announced today the launch of Automated Configuration for its G3 revenue management system (RMS), decreasing the initial configuration of G3 from weeks to as little as one day, depending on client needs and requirements. By leveraging data science, IDeaS delivers a feature to help its clients realize returns on their technology investment almost immediately. Clients will save time by reducing ...
Mobile Technologies to Drive Operational Focus and ROI
James Houran | January 28, 2022
By James Houran, Thomas Mielke Odds are that your organization has relied on – or presently uses – two traditional business tools: (a) Psychometric Assessments for hiring, training, and development with mission-critical roles, and (b) Annual Team Member Surveys to monitor the engagement of organizational talent and the effectiveness of its leadership. However, many organizations do not suitably link these two approaches in a way that promotes operational excellence. This article therefore reviews the aims of these tools and suggests a simple step-by-step implementation that produces a crafty self-reinforcing loop of ongoing calibration...
The Bottom Line of Hotel Automation Is…..Well…., the Bottom Line!
Jos Schaap | July 14, 2020
By: Jos Schaap, CEO & Co-Founder ROOMDEX Traditionally, hospitality has been a conservative industry when it comes to technology given that the focus has always been on face-to-face service between staff and guest. The central location for the majority of these interactions has been the front desk (or Front Office (FO) department). COVID-19, however, is changing all of this. No one knows for sure what the new normal will look like but hotel stays are likely to be a stripped-down affair, particularly in higher-end hotels where personalized service and amenities have long been part of the draw. Step into any hotel lobby now and you’...
