Driftwood Capital gears up for ‘tsunami of deals’
Driftwood Capital expects a wave of distressed assets to hit the market within the next three to six months as government funding runs out…
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Columbia Hospitality Program Places Executives With Clients
Management and consulting firm Columbia Hospitality, based here, has created an executive search program designed to place highly skilled and qualified candidates into positions in the hospitality industry…
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Gavin Royster: In Light of Pandemic, New Markets Emerge for Hotel Development
Although the coronavirus pandemic brought the tourism industry to a grinding halt, certain areas of the hotel development sector have continued to progress despite the disruption brought on by the virus…
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Asset managers: Owners must be the focus of comeback
While hoteliers would like to see a return to a robust demand environment sooner rather than later, asset management experts said it will be important to embrace cost cutting measures to ensure a return to profitability…
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An inside look at revenue management from a CCO’s perspective
I had the pleasure of speaking with Kym Kapadia, chief commercial officer and head of hotels for Aprirose Real Estate Investment…
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Accor Just Restructured the Company in the Middle of a Pandemic: Why Now?
A corporate reorganization at Accor pushes some power away from corporate headquarters and leaves the Paris-based hotel company without four of its top executives, according to an internal memo sent this week by the company’s CEO Sebastien Bazin…
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Maldives resort launches $23,250 luxury remote working package
A desk with an ocean view, a "dedicated" personal assistant, non-stop refreshments and a complimentary laundry service.
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Hoteliers plan for a budget season unlike any other
With even less certainty about future performance than normal, hoteliers are changing how they prepare a budget as they get ready for 2021.
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Larry Mogelonsky: To upsell or not to upsell a COVID amenity
Hoteliers might be able to upsell pandemic-related services as add-ons to position hotels in an attractive light and at lower prices while maintaining healthy margins above costs.
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What employers can do about employees' social media posts
In times of crisis, people often turn to social media to express their displeasure. Unfortunately, some of these posts are inflammatory, derogatory, offensive or racist…
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Real Time Pricing: Why It's Like F1 For Revenue Managers
The hotel next door is pricing their rooms faster than you and it’s eating your profits without you ever even noticing. Faster yield management software and real time pricing is like a secret weapon for revenue managers…
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The Future of Revenue Management in a Post-COVID-19 World
The emergence of COVID-19 has turned everyone’s expectations on their heads. Revenue managers, hotel owners and operators who previously expected steady or growing demand for 2020 have a much less predictable future ahead of them now…
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Revenue Management in a Crisis or Economic Downturn
The unofficial definition of Revenue Management used by insiders is ‘the art of turning away business’…
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Revenue Management visionaries join forces to deliver unique global event
Three of Europe's leading and most respected Revenue Management conferences will come together in early 2021 to deliver an exclusive one-day conference designed to support and unify the revenue management community…
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Park Inn Heathrow splits into two Radisson hotels
Radisson Hotel Group has officially announced the rebranding of its existing Park Inn hotel at London Heathrow airport, splitting the property into two hotels under its Radisson and Radisson Red brands…
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Hoteliers plan for a budget season unlike any other
With even less certainty about future performance than normal, hoteliers are changing how they prepare a budget as they get ready for 2021.
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US hotels employ fewer workers but at higher wages
Data shows most rooms-division workers have received pay raises, averaging around 4%.
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US hotel profits at best level since start of pandemic
The latest P&L data from STR shows that U.S. hotel profitability picked up in July as more segments started to record positive performance.
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