In conjunction with Amazon.com, we have added a bookstore page to our web site as an added resource to hotel advisors, restaurant and nightclub owners and investors. Several choices include publications we have consulted over the years as well as those that may be helpful if you are starting up, investing in or providing advice…
While the lodging industry appears to be in a full recovery, experts on hotel management and room revenue yields have focused back on higher rates as part of their hotel revenue management strategies. Given that new hotel development has either stopped or slowed down significantly and business travel is on the increase in many U.S.…
Many people believe the management of restaurant operations is one of the most difficult challenges one can undertake. In fact, some individuals quote the myth that 90 percent of all restaurants fail in the first year. However, the facts aren’t that grim. A university study cited in Bloomberg Business shows that in the first year, approximately 25…
Hotel search engines seem to be on the minds of hospitality management services as new entrants to the field are getting a lot of press. In particular, are the issues that independent and non-branded hotels will face in trying to gain exposure equal to the chains and major franchises. Here are some excerpts on two,…
Using a green restaurant strategy to increase the value of your business and get a higher price if you are planning to eventually sell it is like adding more rooms to a home to accommodate larger families. The bigger the family means the bigger the home needed and the higher a price someone will expend…
Some of the drivers for a hotel asset manager to maximize returns for its owners and investors are timing and market opportunity. In particular are the when and where given the cyclical nature of hotel investments and the acquisition and disposition timeline in order to get the best return. Get it right and there is…
The use of a limited purpose hotel receivership is sometimes employed where the lodging property owner is diverting funds collected from sale taxes instead of paying the city or county. Another circumstance is when a liquor license may need to be recovered and sold or a certain lump sum for equipment is owed to a…
The revenue pricing cycle is changing in favor of hotels and many a hotel expert and their management peers are suggesting that now is the time to push higher transient room rates. All indications in the hospitality sector point to a stronger travel season this year and next. This is especially true on the domestic…
Restaurant economist outlooks on consumer spending and the casual dining segment all seem weak according to these recent stories. If your food and beverage operation is feeling the pinch, this may be why: New Low for Consumer Confidence! If the political wrangling over our debt issues has put everything on temporary hold in terms of…
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…