Advice from a restaurant safety expert can lower the risk of foodservice lawsuits and makes your restaurant safer for customers and staff. This also lowers a restaurant risk of failure. But, you don’t have to be an expert to take some sensible precautions. In 8 years covered by a California OSHA study, 135 workplace injuries…
There are two recent trends reported by this restaurant expert on growth in both jobs and the lack there of in independent restaurants that are worth reading. In terms of the economy, the recession has helped stabilize some of the turnover amongst hourly employees in the food service business. However, the same economic downturn has…
The recent report by PKF Hospitality Research on increased demand, coupled with higher average rates, suggest from our viewpoint that hotel workout services may be favored by banks with non-performing hotel loans in the coming months. Added to that is the report from STR on construction starts being now predominately low, which suggests values will…
Now that hotel occupancies and average daily rates are on the rise, bank foreclosure alternatives such as a receivership may be another option. Of course, using the courts to agree to your appointing a receiver to potentially sell the hotel asset(s) during it may make sense if a number of factors look to support it…
Several important components from a restaurant advisor perspective when starting a new restaurant venture are planning, capital and timing. However, opening a new food and beverage business and keeping it growing and profitable will also require attention to other key areas and more. Here are five pitfalls along with tips to help you grow and…
Many hotel advisors and senior management of lodging property companies here in the USA have been wondering about what to expect this year given the mixed signs about the economy. Last month, a hotel capitalist and principal of a major investment banking firm offered up his Dr. Doom predictions that uncertainty in 2012 is as…
If you are a hotel asset manager and investor representative working with owners and operators to improve their hotel room occupancies, now is the time to target both business and leisure guests coming from mainland China. Unlike the United States, the Chinese economy has been growing almost 10% per year and there is a strong…
As part of our hotel management consultant updates for legal professionals and their clients, a major chain and operator made the news again on two separate lawsuits. Of particular interest is the first allegation involving its sales force practices regarding a Virginia hotel near DC. The second involves a Hawaii property and also the subject…
A failing restaurant causes a lot of frustration to the owner. Are you running a restaurant or bar and it seems no matter what you do you just cannot seem to rake in more customers? Chances are the only customers you have are the loyal few who have been with you from the very beginning,…
Hotel experts are not fully comfortable with the status of the market enough to recommend a strong buy. STR’s chairman and founder, Randy Smith, says – “We have never seen supply growth this low when we’ve seen demand this high” (04 June 2013). For some reason, the market is not rushing to invest in that demand…