Hotel brands, owners and management companies have created permutations and combinations of operating models that, when used appropriately, will increase profitability, make a project more attractive to lenders and add value to guests.
A hotel manager's most important tasks are making money for the owner and maintaining the asset. Satisfied guests and motivated employees are among the tools, but cost controls are also critical components of the formula.
This description of a sales tax audit is an opportunity to minimize potential problems with sales taxes. While focused on Minnesota much of it applies to any state with sales taxes. Do not construe this article as legal or tax advice.
Constant questioning and challenging of hotel amenities, services, programs and management practices is critical to discover new ways of elevating the guest experience. Asset managers should encourage management to take risks to innovate.
Hotel stakeholders shared a diversity of insights into U.S. hotel industry trends ranging from innovative brands to today’s tech-savvy travelers. Overall, hotel performance is high, buoying optimism among hoteliers as the industry heads into 2015.
How do you gain the loyalty of millennials? This article analyzes the top two opportunities by segmenting the next generation of travel: millennial business travelers vs. millennial leisure travelers.
This article explores what effects increased visitation and other changes in the market are likely to have on the demand/supply balance in Marrakech's luxury hotel sector. We also provide a performance forecast up to 2016.
An overview of visitation and demand levels and hotel performance, transactions and values in Vienna.
This publication focuses on the market of wellness resorts of Sochi, Russia. In light of heightened media attention to Sochi, we examine the market evolution caused by the recent social & economic changes and development opportunities in the market.
2013 United States Hotel Franchise Fee Reference Guide