In news we monitor as part of our resort consultant group, AAA is predicting more travelers will drive rather than fly over Thanksgiving. This number is up over last year and the main reason appears to be higher airfares coupled with a struggling economy. According to the report by Travel tracker AAA: “4 percent more…
Recent reports by analysts we follow as hotel investment advisors continue to be positive for both domestic and international hotel markets going forward. Overall statistics for hotel occupancies and average room rates, at least in major cities, remains positive for this year and next. In the “USA” and according to the folks at PKF Hospitality…
If your engagement as a bar and nightclub consultant is to increase marketing pull, whether it be through an eco-friendly change or redirecting business via the Internet, the challenge is ever changing considering the hype both get. Then again, why reinvent the wheel so-to-speak if you can mirror what others who already have had success…
More reports by hotel consultants, management executives and real estate brokers suggest that the lodging and hospitality industry is continuing to improve and more rapidly in some U.S. cities. For example, San Francisco is at the top of the list in rebounding since the recession began in 2007 according to one news story. In a…
As part of our foodservice consulting, we regularly follow certain new trends at restaurants. The recent add-on of alcohol service at chain quick service restaurants (QSR) is one worth watching. In particular is whether it will become a conflict with customers and a potential liability issue. In the New York Times this week, several industry…
In part one and part two on this subject about interim hotel management, the circumstances, typical users, types of assignments and when it does and does not make sense were addressed. In this part, the importance of planning from a shorter term perspective is looked at and why it is a critical aspect at the…
Closing and getting your deal done by a hotel investment advisor for their clients may be getting easier with these two new financing programs. One is specific to immigrants and will appeal to Asian investors. The other is for current owners of a Choice hotel brand. Here are excerpts and links to the full articles:…
Hotel asset management and owners representative executives with multiple hotel properties will need to scramble to meet the approaching deadline for ADA pool regulations by March 15 of this year if their properties are not already in compliance. Many lodging industry groups such as the American Hotel & Lodging Association (AH&LA) have been trying to get…
Many a sustainable restaurant advisor will tell you that reducing your carbon footprint is already part of the green practices employed to be a sustainable foodservice operation. However, there is some merit in making the case that quantifying and defining this for your customers will go a long way toward them understanding your overall contribution.…
When a crisis hits your hotel property, the first impulse may be to panic. This can often involve a loss or firing of your current management team which, while necessary, leaves the potential for a rudderless ship at the worst time. Under these circumstances, interim hotel management might be an ideal solution. The right interim manager can…