The hospitality industry has been one of the sectors most badly impacted by the Covid-19 pandemic. Across the UK, all pubs, bars and restaurants have had to close their doors and shut up shop, in order to abide by the unprecedented measures ordered by the Government.
Off-plan hotel leases are often complex and lengthy contracts to negotiate. The parties involved generally engage in several rounds of negotiations, and both the owner and tenant must bitterly debate the guarantees imposed by the former, whose financial stakes are high.
Pricing within the travel industry is evolving to match consumers and what they are willing to pay far more accurately as a result of a better understanding of impacting variables and more ability to deploy granular prices across distribution networks. The upshot of this, according to a new report, is that travel brands can continuously adjust their pricing to suit their customers and thus maximize the revenue they get for each route or room.
A proverb states that prudence does not avoid all misfortune, but a lack of prudence never fails to attract it. This is why due diligence is a vital step in buying a hotel. In a hotel acquisition context, the term "due diligence" refers to the investigations carried out by the prospective buyer. These investigations focus both on the hotel assets (i.e. the operating building as a whole) and the company that owns these assets or operates the hotel. Due diligence must also enable the buyer to fully appreciate the hotel's business, understand its structure, environment and market, and analyse the long-term viability of their project.
Delegates at the Hotel Alternatives conference held in London last week were told that UK banks are finding it tougher to compete with alternative lenders who are offering more advantageous terms to increase their share of the debt market. Nevertheless, there is still plenty of opportunity for the traditional UK lending banks to have a major impact on the hotel sector in its many alternative guises.
Hospitality Financial and Technology Professionals (HFTP®), an international nonprofit and producers of the Hospitality Industry Technology Exposition and Conference (HITEC®), is pleased to announce its exclusive CIO/CFO event sponsorship agreement with Fourteen IP Communications Ltd at the upcoming HITEC Amsterdam 2018. The invitation-only event that brings together CIOs and CFOs from leading hotel and hospitality companies from across Europe will take place on 11 April to kick-off HITEC Amsterdam, which is taking place from 11-13 April at the RAI Amsterdam Convention Centre.
Nor1, the leader in hospitality merchandising technology is proud to announce and welcome Stuart Derricott as Director of Business Development for UK and Ireland. Mr. Derricott will be responsible for expanding adoption of the Nor1 Pricing & Merchandising Intelligence Platform and developing and strengthening relationships with hotel groups and Hospitality Industry partners in the region.
Over 80 hotel company CEOs will attend IHIF 2018 taking place at the InterContinental Hotel in Berlin next week. This represents the highest number of hotel company CEOs to attend the event in its 21-year history.
Technology permeates every aspect of the hospitality industry. To reflect this wide spread prevalence and demonstrating their commitment to delivering a relevant and topical event, the International Hotel Investment Forum (IHIF) are launching the IHIF Hotel Tech Hub, new for 2018.
Adria Hotel Forum (AHF) is a leading Southeast European hotel investment conference held every year in Zagreb, Croatia and visited by regional and international hotel industry experts. The sixth edition of AHF will be held on February 14th and 15th 2018 on theme: OUR OWN RESPONSIBILITY
Adria Hotel Forum is the leading Southeast European hotel investment conference held every year in Zagreb, Croatia and visited by international and regional hotel industry experts. The sixth edition of Adria Hotel Forum (AHF) will be held on February 14th and 15th 2018. in Sheraton hotel in Zagreb on the following theme: OUR OWN RESPONSIBILITY
Preparing for the new EU General Data Protection Regulations (GDPR), a framework legislated by all EU member states with a required compliance date of May 25, 2018, international nonprofit association Hospitality Financial and Technology Professionals (HFTP®) recruited a team of experts to develop Hospitality Data Protection Officer (HDPO) guidelines and supporting resources for the industry. In addition, the group is designing a certification program specific for HDPOs to demonstrate their competence with the specialized position. A key requirement of the GDPR is that companies who handle large stores of sensitive personal information must assign a DPO, and it is estimated that this could open approximately 28,000 positions across all industries.
When heads of state come to visit your hotel they usually make a bit of a show. The Russians are no exception, they even bring their own warship, the KGB and a wad of cash!
This March 28–30, HFTP is producing its newest endeavor, HITEC Amsterdam, a smaller, boutique version of the ongoing, popular 45-year event. Helping to guide the educational component is long-time HFTP member, Carson Booth, vice president of global technology for Marriott International (Starwood). Using his expertise in the European, and international, hotel market, Booth leads a council of advisors to make the program uniquely European, with global appeal.
The fifth edition of the international hotel investment conference Adria Hotel Forum will be held held on February 8th and 9th 2017. in Sheraton hotel in Zagreb on the following theme: INVESTMENTS IN HOTEL INDUSTRY: Development and beyond
The Adria Hotel Forum is a leading Southeast European hotel investment conference held every year in Zagreb, Croatia and visited by regional and international hotel industry experts.
Hospitality Financial and Technology Professionals (HFTP®), producer of the Hospitality Industry Technology Exposition and Conference (HITEC®), will kick-off its inaugural HITEC Amsterdam with a pre-conference events program the day prior to the full conference. On 28 March 2017 are the CIO and CFO events, invitation-only round-tables that bring together high-level hospitality CIOs and CFOs from across Europe, for a face-to-face discussion on crucial issues their companies are encountering. Adding to the pre-conference program, HFTP is hosting its successful hospitality technology start-up pitch competition, Entrepreneur 20X (E20X). HITEC Amsterdam is the first of three HITEC events planned for 2017, and will be 28–30 March at the RAI Amsterdam Convention Centre.
Despite much of the coffee break talk being about Donald Trump's election to the White House, this did not overshadow the thread that ran through the day's varied and highly topical agenda at last week's HOSPACE2016 – namely, the impact of Brexit on the UK hospitality industry.
Success in the hospitality industry is becoming ever more elusive: approximately 27 pubs are closing every week; nearly half of the UK's nightclubs have shut down over the past decade and over 40,000 hotel rooms closed in the ten years up to 2013. But it's not all doom and gloom; for example, PWC predicts that this year will see the highest regional hotel occupancy ever and the highest in London this decade.
German business organisation Travel Industry Club (TIC) and Hospitality Sales and Marketing Association International (HSMAI) Region Europe have agreed to join forces to offer top notch advantages to the industry's German professionals, with co-branded gatherings already in the pipeline.