Finance Opinion Articles - Hospitality Net

December 18, 2023

Hospitality Financial Leadership - Explaining Accounting

No one can explain accounting. I have some pretty crazy situations presented to me by potential clients. I say crazy and I what that means is that it is almost unbelievable that anyone would find themselves in such a mess with their business and their books. I also say potential client. Almost always it is never going to be a client, but because I am out there – and in order to find real customers – I must kiss a lot of frogs.

By David Lund, The Hotel Financial Coach, David Lund

Opinion Article

December 4, 2023

Daily Payroll Benefits for Team Members and Your Organization

Ensuring the satisfaction of your team members involves offering benefits that cater to their unique needs. It requires a deep understanding of your workforce and tailoring benefits to different groups within your organization. While your management and sales leaders play a vital role in driving revenue, it’s your team members who interact with guests on a daily basis and hold down the fort overnight, contributing significantly to your bottom line. The satisfaction of your guests is heavily influenced by the interactions they have with these team members. Often, these employees live paycheck to paycheck, which means certain things matter more to them compared to your executive team members. Additionally, many of them work part-time and are unable to take advantage of the benefits offered to full-time employees.

By Nancy Nunn, Chief Financial Officer, Newport Hospitality Group

Opinion Article

December 1, 2023

The Chinese Economy Today and the Specter of a Property Crisis

“The problem is serious.” And when it’s the head economist at the International Monetary Fund who says so, eyebrows are indeed raised. The comments made by Pierre-Olivier Gourinchas in early October at an IMF meeting in Morocco underscored the gravity of China’s current economic balancing act. The world’s second-biggest economy is staring down an unprecedented real estate crisis that could drag the country down with it.

By Dr. Yong Chen and Andrew Brenner

China

Opinion Article

December 1, 2023

Bringing Strength to Soft Brands

‘Another day, another brand’ could well be the catchphrase of our sector, but as with everything in this industry we call home-from-home, it’s never as simple as that. The past couple of decades have seen a rapid evolution away from the owner/operator model, which has kept the sector ticking along for thousands of years, and we’d all be forgiven for feeling dizzy from the shift.

By Alex Sogno and Douglas Louden

Opinion Article

November 30, 2023

Conquering new horizons: How to effectively introduce your hotel and travel technology platform to the Americas

In today's dynamic and complex environment, the task of extending your travel or hospitality services into new markets is fraught with distinct challenges. The hotel and travel industry, characterized by its close-knit community and exclusive dynamics, often poses significant barriers to new entrants. When you introduce your platform into these markets, it's not just about offering a new solution; it's about understanding and integrating into an established ecosystem.

By Alan Young, VP, Strategy | Hospitality, Infor

Opinion Article

November 30, 2023

Hotel Case Study: Executive Search Turned Full Investment Analysis

A 363 room hotel and conference center was purchased early in 2021, but one year later, there remained significant inconsistencies between the expected operational goals by corporate and the actual performance of management. The hotel was located in Clarksville, Indiana, just a few miles from Louisville, Kentucky, the home of the Kentucky Derby.

By Jim Lopolito, Owner of Lopolito Hospitality Consultants, Corp. (LHC), Cayuga Hospitality Consultants

Opinion Article

November 27, 2023

Hospitality Financial Leadership - Closing Costs

In my life, there are few if any financial moments that have created a lasting positive memory. At least that is how it has been for me. Not too many earth-shattering activities, but one on the money side stands out. So that is what this one is about, one of those moments where a financial miracle happens, and it is at the hand of one of my heroes.

By David Lund, The Hotel Financial Coach, David Lund

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Opinion Article

November 24, 2023

When Faced with Complexity, Try Creativity

Switzerland is justly famous for many things; from stunning natural beauty to watches and diplomacy but perhaps most notably are their banks. Inscrutable, discrete and going about their business for centuries with a watchful eye over both profit and risk. Perhaps coincidentally, another great Swiss icon is the eponymous multi-faceted Army Knife; an item noted for versatility and adaptability.

By Robert Walters and Katie Benson

Opinion Article

November 20, 2023

How carrying the founder’s name disciplines Swiss family firms

Credit Suisse’s recent troubles can partly be put down to a series of scandals that have eroded confidence in this banking giant. Indeed, a company’s reputation can be totally ruined by the uncovering of accounting irregularities. If all companies wish to preserve their image, are they all in the same boat?

By Cédric Poretti, Assistant Professor of Accounting, EHL

Opinion Article

November 17, 2023

The Need for Capex and Creating Returns

As an asset manager, it’s my job to create and manage the relationship between owner and brand, to ensure that all parties are working together towards one goal: a profitable property.

By Alex Sogno, CEO, Global Asset Solutions

Opinion Article

November 9, 2023

"Navigating the Hospitality Horizon: Trends, Challenges, and Optimism for 2024"

As we head to the end of 2023 and towards 2024, a certain uneasiness rests in the air. Hotels are budgeting to be up in revenue for 2024, albeit at diminished increases relative to the preceding three years. Operators are cautiously optimistic along with their owners. Buyers and Investors stand by as interest rates remain above the average of the last two decades and the economy shifts between slow and moderate speeds.

By Tim Dick, MAI, CRE, PhD, Executive Vice President of CBRE Hotels Valuation & Advisory, East Division, CBRE Hotels

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Opinion Article

November 8, 2023

2024 Budgeting: How to Improve Hotel Performance in Uncertain Times

In our previous article, we shared insights and advice from global hospitality experts on how to make the 2024 hotel budget process as smooth and painless as possible. Here, we share five ways to improve budget accuracy and performance in uncertain times.

By Tanya Venegas, Director of Customer Success, HotStats

Opinion Article

November 2, 2023

Building Hotels in a Challenging Environment | FHS 2023

Hala Matar Choufany, President & Managing Partner, Middle East, Africa & South Asia at HVS, together with Engr. Suwaidan Al Dhaheri, CEO Imkan Properties, Fahad Abdulrahim Kazim, CEO Lakhraim Group & Millenium Hotels MEA, and Michael McGovern, Director Compass Project Consulting, discuss the topic of building hotels in a challenging environment within the Middle East. Hala Matar Choufany shares her view on the current and future hospitality market in the region. The main takeaways are:

By Hala Matar Choufany, President - HVS Middle East, Africa and South Asia, Dubai, HVS

Opinion Article

November 1, 2023

Highlights from the 7th Hospitality Finance & Economics Conference

In this piece, you will discover highlights from the 7th Hospitality Finance & Economics Conference jointly organized by NUS Institute of Real Estate & Urban Studies and EHL Hospitality Business School, including research paper presentations, panel discussions, fireside chats, and a keynote address exploring the latest advancements in hospitality and real estate.

By Masaki Mori, PhD, Associate Professor, EHL

Opinion Article

October 25, 2023

How Artificial Intelligence is Redefining Modern Hospitality Procurement

E-procurement has a new ally in AI. Recently introduced generative AI tools, like ChatGPT, have taken the business world by storm. And they have the potential to supercharge e-procurement and potentially even make up for a significant part of the losses that were inevitably incurred by the impact of the last few years.

By Johannes Vocke, Chief Financial Officer, FutureLog AG

Opinion Article

October 19, 2023

Hotel Development: Pencils Down

Hotel supply grew a meager 0.5% in 2022 and is forecasted to grow just 1% on average for the next three years, according to a CBRE June report.Meanwhile, demand is expected to exceed supply with some projections showing demand increased as high as 2%.

By Jon Peck, President of Peck Hotel Consulting and active Consultant with Cayuga Hospitality Consultants, Cayuga Hospitality Consultants

Opinion Article

October 18, 2023

5 Strategies for Navigating Financial Challenges in the Hospitality Industry

The hospitality industry has long been a cornerstone of the global economy, providing millions of jobs and contributing significantly to local economies.

By Alicia Rother, Freelance Content Strategist, David Lund

Opinion Article

October 17, 2023

Navigating Economic Uncertainty: A Look at the Lenders' Market in Q4 2023

Heading into the fourth quarter of 2023, economic uncertainty and cautious optimism can characterize the past nine months. Many are becoming increasingly frustrated by the ongoing transition into a lenders’ market (compared to the borrowers’ market we have experienced for over a decade). We continue to navigate in real time the commercial real estate industry’s reaction to the Fed’s decision to raise rates by more than five percentage points over the past 16 months. Increased borrowing costs combined with strong consumer spending and historical lows in unemployment have created a unique and challenging environment for investors and capital providers alike.

By Lawrence Britvan, Vice Chairman, Hotels Debt & Structured Finance, CBRE Hotels

Opinion Article

October 12, 2023

There is Money in those Greens – Cost Segregation Studies of Golf Courses, Golf Resorts and Golf Communities

As the saying goes, especially in this competitive market, ‘you need to make money and save money’ in order to survive! As a golf professional, you are the expert at ‘making money’ but there is another type of professional who can assist you with ‘saving money’.

By Walter O'Connell, Managing Director of Hotel Valuation & Cost Segregation Services, LLC (HVCSS) and a consultant, Cayuga Hospitality Consultants

Opinion Article

October 5, 2023

Control the Process to Get the Best Deal on Hotel Insurance

A common question for hotel and restaurant operators is: How do I get insurance that effectively covers my operation for the lowest price available? While insurance is a complex topic with many intricate layers, the answer to this specific question is simple – control the process.

By Thomas Cleary, Hospitality Practice Leader, The Loomis Company, and a consultant of Cayuga Hospitality Consultants, Cayuga Hospitality Consultants

HN Original

World Panel

The End of "Pay at Hotel"?

By Mark Fancourt

Expert Views (7)

Pablo Torres

The most significant impact might not be operational, but psychological. Why? Because it's the hotel industry's fault. Let me explain:For years, hotels have trained guests to treat bookings as placeholders: reserve today, decide later.

View all Answers

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