Watching news about other nightclub management operators can provide fresh ideas and tips on what you can do, both to last and attract new customers. This update highlights one night club who has managed to last 9 years – many barely get past 1 or 2. There is also an opportunity to build off weekday…
What better place for green restaurant tips are there than from the fast food giant McDonald’s. The company recently announced its new store opening in Ohio is all about going “green.” Two of these “green” features the restaurant is touting focus on water. According to The Columbus Dispatch article: “The landscape is equipped with a…
Advice from many a restaurant management consultant would suggest one should write a comprehensive business plan prior to approaching banks, investors and others when trying to raise money. However, sitting down and writing a final draft will require a significant amount of time and effort unless you are hiring a professional to do some or…
Several articles appeared recently in STR (Smith Travel Research) publications that we follow as part of our hospitality consulting services advising clients that suggest the hotel industry is showing more signs of improvement this fall and in the coming year. Some of the noteworthy commentary includes: Earnings Reports- In year-over-year measurements, the USA hotel industry’s…
Buying a night club from the perspective of nightclub consultants requires a close look at the unique marketing, management and liability issues associated with this kind of business. Unlike other non-hospitality related operations, the success and often failure are tied to events from one or more of these realities when owning and operating an alcohol…
As we approach the end of this year, our hotel advisor talk focuses first on whether Facebook has truly delivered on what many hoteliers expected given all of the hype predicted earlier. The second is how the role of the Revenue Manager, who is not associated with a brand or franchise, is evolving and adapting…
Our restaurant advisor focus on food fads is all about what you should not be eating or will at some restaurant chains. It is also about a return to comfort food that is not about eating right but feeling good about what you are eating. As reported in ABC News, this chain is opening a…
Many night club management owners and operators know that violence and bad public relations can be a death knell and fast end to a successful bar and entertainment venue. Getting a reputation that your club is unsafe or that the management is not sensitive and forthright will quickly snow ball into customers going elsewhere, not…
Two news stories that we followed as part of our hospitality asset manager practice suggest hotel room rates will continue to rise even though gas and fuel prices are climbing as well. Here are a few excerpts on that commentary and our take on it: – The GBTA index says that business travel hit its…
Recent reports of hotel defaults declining suggest that the need for hotel receivership services in California will drop as well. Compared to last year, there appears to be less default filings by hotels in the first quarter across the Golden State. However, coupled with this news are reports that CMBS loan delinquencies are rising as well. Just out…