News

7 Daily Revenue Audit Must Do’s

The hotel business is a retail business and in order to stay on top of your business you must fully and completely balance your daily revenues and settlements. Every day we begin anew and every day is a story unto itself when it comes to the revenues and settlements. I may sound like I’m repeating “revenues and settlements,” but it cannot be emphasized enough.

Hospitality Financial Leadership – The Secret That Hotel Brands Don’t Know

What hotel brands don’t know is that they can create great financial bench strength in their hotels and their owners will pay 100% of the cost. Brands also don’t know that they can create this bench strength with resources that are readily available. Lastly, brands don’t know that their non-financial managers are literally dying to get these financial skills and abilities now and they want to apply them.

Airbnb Has Generated $13.5B in Tourism Taxes for Communities around the World

Airbnb hosts play a vital role in local economies around the world, welcoming billions of guests, helping big cities and small communities benefit from big events, and dispersing travel outside of traditional tourism hubs. Critically, hosts and the guests they welcome support communities by generating an influx of tourism taxes for local governments at a time when jurisdictions are facing budget shortfalls.

IHG Unveils Strategic Overhaul of its Upper-Midscale segment in Greater China’s Hotel Market

IHG Hotels & Resorts has recently announced a bold strategic overhaul of its four upper-midscale brands in Greater China — Atwell Suites, EVEN Hotels, Holiday Inn, and Holiday Inn Express. Focused on optimizing investment structures and ongoing brand refreshments, the upgraded strategy is designed to deliver high-efficiency, high-return solutions for hotel owners in this fast-evolving market.