Finance Opinion Articles - Hospitality Net

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Opinion Article

January 24, 2022

HVS Monday Musings: Indian Hotel Sector’s Wish List for the Union Budget, 2022-23

COVID-19 and the ensuing travel restrictions have wreaked havoc on the travel and hospitality industries all over the world. To mitigate the impact, governments around the world have taken a variety of measures over the last two years, ranging from prioritizing vaccination for tourism employees to providing financial and liquidity support as well as making policy changes to aid the recovery of their respective travel and hospitality sectors. In fact, with low international travel demand, governments in some countries like Singapore, Hong Kong, Slovenia, Switzerland, and Thailand, have even introduced incentives and refunds to encourage citizens to travel within their own country.

By Mandeep Lamba and Dipti Mohan

Opinion Article

January 17, 2022

Hospitality Financial Leadership – Why is Hotel Accounting Different?

I heard this about 40 years ago and it has stuck with me. I was a newbie cocktail waiter working part time in my hometown hotel. One of my regular weekend customers was the controller and he was telling me he needed an income auditor for the summer line-up. I suggested my brother who was recently out of work at his articling job at a CA firm.

By David Lund, The Hotel Financial Coach, David Lund

Opinion Article

January 13, 2022

Finance, Technology and Service Will Dominate

Interest rates are low, consumer confidence is stronger, oil prices are high and employment is very uneven. The Purchasing Managers Index (PMI) is at 58.7 in December 2021, down from 60 in November and 61 in October. Any number over 50 shows that the economy is expanding so the PMI is good news. Threats from COVID-19 variant Omicron should peak this month. Perhaps the biggest threat is inflation as that is starting to impact the middle class as well as the poor. The silver lining is that this inflation might cause hotel room rates to grow beyond the 6% inflation rate.

By Bob Rauch, President of RAR Hospitality, R.A. Rauch & Associates, Inc.

Opinion Article

December 28, 2021

Distressed Hotels: Financial Restructurings and Bankruptcy

COVID-19 has been devastating for the hospitality industry. Hotel occupancy rates are still well below normal. While some lenders are still granting relief to borrowers, lenders increasingly have been foreclosing on properties.

By Kenneth A. Rosen and Jennifer Kimble

Opinion Article

December 23, 2021

The State of the Hotel Industry Going Into 2022

Interest rates are low, consumer confidence is stronger, oil prices are high and employment is very uneven.

By Bob Rauch, President of RAR Hospitality, R.A. Rauch & Associates, Inc.

Opinion Article

December 22, 2021

The Hoteliers' Roundup of 2021

At the start of this year, we predicted our top 10 Hotel Trends to Watch in 2021. But after 12 months of unexpected twists and turns, which of those trends actually held strong this year? Keep reading this article to find out.

By Pedro Colaco, CEO, GuestCentric Systems

Opinion Article

December 16, 2021

Opportunity Analysis: An effective 3-step approach

In the hospitality and travel industries, experts can perform an opportunity analysis of a hotel or property. This is a helpful tool that shows more about the value and risk of the property. Let’s take a look at what an opportunity analysis precisely entails and how to go about it through a three-step approach.

By Jochen de Peuter-Rutten, Consultant, EHL

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Radical Innovation Hospitality TECHNOLOGY

Radical Innovation is an initiative that challenges creative thinkers and visionaries in hospitality TECH to pioneer compelling innovations that fuel the future of the hospitality and travel industries.

Radical Innovation

Opinion Article

December 9, 2021

A Practical Guide to Hotel Appraisals

As hotel lodging performance continues to recover from the effects of Covid-19, there have been increasing signs that investors are again buying, selling or refinancing of hotel assets. This comes sometimes in spite of mixed messages as to the speed and strength of this recovery.

By Stephen Dietrich, Managing Member of Southwest Hospitality Advisors, and consultant with Cayuga Hospitality Consultants, Cayuga Hospitality Consultants

Opinion Article

November 22, 2021

Hospitality Financial Leadership – Top 10 List for Controlling Labor Costs

Managing labor costs is a never-ending battle in any hotel. No wonder it adds up to on average 50 percent of the total revenue in hotels around the world. To say labor cost is important is an understatement so in this piece, I will highlight the key controls and features to make sure you are on the right track with this all-important aspect of hospitality.

By David Lund, The Hotel Financial Coach, David Lund

Opinion Article

November 17, 2021

Supply Chain, Inflation Frustrate Hotel Recovery

The supply chain crunch and inflation are compounding what’s already a nettlesome recovery for hotel owners and operators.

By Rayna Katz, Writer, HotStats

Opinion Article

November 15, 2021

HVS Monday Musings: Hotel Development Feels the Heat of Rising Input Costs

The Indian hotel sector is finally breathing a sigh of relief as demand has recovered dramatically in recent months, even helping push occupancy and average rates closer to pre-pandemic levels in a few markets. However, the hotel sector, like most others, is reeling under the pressures of rising prices, affecting not only operations but also hotel development plans in the country.

By Mandeep Lamba and Dipti Mohan

Opinion Article

November 10, 2021

New Capital and Strategies Targeting Hospitality

Given the significant traction in distribution of the COVID-19 vaccines throughout the United States and general international travel restrictions, leisure travel has begun to recover in 2021 and is expected to continue increasing, with Americans seeking so-called “revenge travel” to a domestic getaway. Business travel is also beginning to show signs of recovery, and some group business related to conference attendance is returning.

By Brad Hoban and Daniel MacDonnell

Radical Innovation Hospitality TECHNOLOGY

Radical Innovation is an initiative that challenges creative thinkers and visionaries in hospitality TECH to pioneer compelling innovations that fuel the future of the hospitality and travel industries.

Radical Innovation

Opinion Article

November 9, 2021

Hospitality Financial Leadership – How Can You Turn $250 Savings into $1 Million in Asset Value

That’s right, your eyes and the headline are not fooling you. I learned this from a client in a backwards kind of way and now I want to share it with you. It is a powerful way to justify and prove a return on investment (ROI) for financial leadership training. I use this story as well to show my clients what they are leaving on table in the way of profits and asset value if they are not using financial leadership in their hotel.

By David Lund, The Hotel Financial Coach, David Lund

Opinion Article

November 1, 2021

Five Tips to Tackle Hotel Costs

Between the rising cost of labor, decreased demand and ever-changing COVID-19 protocols, hotels have taken numerous hits to profitability. Conditions likely are going to remain challenging for some time to come, but Chris Cylke, COO of asset manager RevPAR International, has a quintet of tips for hoteliers to manage costs more effectively.

By Rayna Katz, Writer, HotStats

Opinion Article

November 1, 2021

Hospitality Financial Leadership - The ROI for Financial Leadership Skills

When it comes to investing in oneself many times people overlook the outcome and instead concentrate on the up-front cost. When we look at the opportunity to improve our own personal prosperity, we need to see the full picture. We need to realize in life we have a window that opens and closes on our career and its fortunes. It reminds me of a line from Shakespeare:

By David Lund, The Hotel Financial Coach, David Lund

Opinion Article

October 11, 2021

Hospitality Financial Leadership – Money Never Looks After Itself

I do not know about your experience, but for me growing up in the hotel world, and especially my first decade working in F&B and rooms, the adage, “Look after the guests and the money will look after itself,” was literally beat into my head.

By David Lund, The Hotel Financial Coach, David Lund

Opinion Article

October 1, 2021

Hotels Owners Interested in Interest

Hotels Owners Interested in Interest To analyze the impact that declining EBITDA levels had on the ability of hotel owners to pay their interest expense, CBRE studied a sample of 1,121 hotels that reported interest payments in their operating statements for the years 2019 and 2020.

By Robert Mandelbaum and Mark Owens

Opinion Article

September 27, 2021

Here’s What It’s Like to Renovate a Hotel Amid a Pandemic

Overseeing a large hotel renovation is no easy feat. Complicating matters: a pandemic.

By Rayna Katz, Writer, HotStats

Opinion Article

September 23, 2021

The Road Ahead for Hotels in 2022 and Beyond

Before we jump into 2022 plans, please take the quick survey/debate above of how you view the business and feel free to opine on why. Answers will appear on sided.co and on the hotelguru.com website.

By Bob Rauch, President of RAR Hospitality, R.A. Rauch & Associates, Inc.

Opinion Article

August 30, 2021

Hospitality Financial Leadership – Critical Importance of Accruals and Deferrals

A lot gets written about certain things in the hotel industry and others not so much as a mention. I am not saying it is simply a matter of blatant favoritism or anything like that but it is not lost on me that certain items get the limelight. In this piece, I am going to shine a light on two of the hotel team’s third-line mainstays. This pair keeps us on track month after month and they need a little more respect.

By David Lund, The Hotel Financial Coach, David Lund

The End of "Pay at Hotel"?

By Mark Fancourt

Expert Views (7)

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.

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