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Unlocking hidden value in hotel real estate

Hotel profitability is under increasing pressure due to inflationary headwinds and payroll increases. Relying on traditional income sources is no longer enough: owners, operators and asset managers are now identifying alternative sources both within…
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Why Hotel Tech Doesn’t Move Faster

Digital transformation in hotels isn’t stuck because hoteliers are scared of spending. In fact, hotels spend millions every decade on renovations, replacing FF&E (furniture, fixtures, equipment), and upgrading HVAC systems without blinking…
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The virtual cards conundrum

Wayne Lappage loves virtual cards – in principle. “The benefits are huge,” says the global commodity manager for travel and expense at mobility IT systems company Yunex Traffic. “You get enriched data; you’ve got better control in terms of spend…
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Courting conversions

The current pace of hotel conversions “has started to pick up” with owners, developers and investors now looking at this path vis-à-vis PIPs, according to Michael Cummings, senior vice president and divisional leader within the CBRE Hotels Advisory…
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