Finance Opinion Articles - Hospitality Net

December 21, 2020

HVS Monday Musings: Granting Industry and Infrastructure Status to the Indian Hospitality Sector is the Need of the Hour

In the past few months, several state governments have been proactively lending a helping hand to the tourism & hospitality sector in their respective states, providing various relief measures to help the sector stay afloat during these trying times. Last month, in a move to reboot the sector, the Maharashtra government conferred 'industry' status to the state's hospitality sector.

By Mandeep Lamba and Dipti Mohan

Maharashtra, India

Opinion Article

December 16, 2020

Paradeplatz versus Brasserie de la Gare: Why are Wall Street and Main Street evolving so differently?

As the world marks the one year birthday of COVID-19, it is reeling from the force of the first wave, battling the second and bracing for a third. Yet, the impact of this pandemic on the real economy (goods and services) remains uncertain. The "Great Lockdown" has resulted in a severe drop in economic activity during the first quarters of the year, but the most recent figures suggest that the economy has since significantly rebounded.

By Philippe Masset and Luciano Lopez

Opinion Article

December 14, 2020

What Exactly Are Owners Looking For From Their GM’s When It Comes To The Operational Finances?

In this hard-hitting interview, you will learn what to tell your owner about how you're going to successfully manage their asset. What are the leadership strategies you will use to generate a superior return on their investment? How will you show up as the number one and instill confidence and lead your team around the money piece? If you're looking for the silver lining in all that is COVID in the hotel industry right now and getting your aspiring career back on track, then you are not going to want to miss this one.

By David Lund, The Hotel Financial Coach, David Lund

Opinion Article

December 10, 2020

Insurance Industry Trends And The Role Of Hospitality Skills

As with many other sectors, the banking and insurance industries have experienced tremendous changes over the past few years. Consumer demands, behavior and expectations have put pressure on these businesses to adjust, adapt and ensure that they remain relevant and helpful for their target customers.

By Eric Debétaz, Consultant

Opinion Article

December 7, 2020

Hospitality Financial Leadership - A Boring Routine Secretly Equals Power

If you wish you could do more each day and you're open to looking at things differently, to consider there may be a stronger system to follow, perhaps this one is for you. Also, if you're a big fan of multi-tasking then YOU HAVE TO read this.

By David Lund, The Hotel Financial Coach, David Lund

Opinion Article

December 7, 2020

HVS Monday Musings: COVID Cost Factor (CCF) - Are we willing to change the status quo in India?

All hotels strive to improve and reduce costs on an ongoing basis. During the normal course of operations, hotels try to achieve this by implementing various techniques, such as using alternate products, implementing process improvements, enhancing inventory management, and evaluating more efficient equipment, which allow them to save certain costs during the year. But the question here is whether these efficiencies are significant enough.

By Ajay Mehtani, Senior Vice President Asset Management South Asia at HVS Anarock, HVS

India

Opinion Article

December 3, 2020

Improving the Hotel Bottom-Line Begins With Knowing How to Read a P&L

Here's the bottom line..." It's a familiar turn of phrase that is succeeded by the speaker getting to the sum or crux of the issue—the overarching point.

By David Eisen, Content Director, Media, Questex

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Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

Opinion Article

November 30, 2020

Hospitality Financial Leadership – A Bit About “You Sally”

By someone's estimate there are roughly one million hotels in the world. I take it that number includes all the different kinds of hotels from small inns and hostels all the way up to your full-service multi-outlet mega hotel operations. For simple math I am going to estimate that half of this number of hotels fall into the small inns and hostels, and that leaves 500,000 of what I'm going to call real hotels.

By David Lund, The Hotel Financial Coach, David Lund

Opinion Article

November 23, 2020

Hospitality Financial Leadership - Moving (Part 1)

In the hotel business if you want to get ahead you better be ready to move. It's the way in which you can multiply your opportunities and increase your chance for greater personal prosperity. That's the way it was explained to me many years ago and it has certainly been my experience. On the flip side, moving is not easy and it can take its toll on you and the people in your relationships.

By David Lund, The Hotel Financial Coach, David Lund

Opinion Article

November 16, 2020

HVS Monday Musings: Hotel Feasibility Study will Become Critical in the COVID era

COVID-19 has dramatically changed every aspect of life as we knew it, including the way we conduct our business. Though demand will be subdued for the near to medium term, we expect the industry to regain its 2019 glory in the next 2-3 years, making this an opportune time to invest in hotels.

By Mandeep Lamba, Dipti Mohan, and Akash Datta

Opinion Article

November 13, 2020

Exchange Rate trends, how do they impact hotel performance?

Switzerland is a very special country because, thanks to its stability, it has always been considered a safe haven where international investors put their resources when there is economic turmoil and uncertainty in the rest of the world. The combination of these two features - a high degree of openness and a currency which has a tendency to appreciate - makes Switzerland a very interesting case study. Why? Because a strong currency reduces the ability of Switzerland to trade.

By Isabella Blengini, Associate, EHL

Switzerland

Opinion Article

November 9, 2020

The relationship between the stringency of COVID lockdown measures and GDP

What we have learned from the first COVID-19 wave? Insights into how different European countries reacted to the pandemic and how the diverse coping strategies affected their respective economies in the first half of this year. Interesting lessons to be learnt as we enter into a prolonged period of the pandemic.

By Reza Etemad-Sajadi, Associate Professor, EHL

Opinion Article

November 3, 2020

Hotel industry performance: EHL's Pulse-Taker reveals 5 pain points

The year 2020 will be marked in history, surely for the travel and hotel industry. Most hotels suffer from a sudden disruption due to COVID-19 crisis and the consequent travel regulations. Still during these days of crisis, hotel performance and business continuity varies significantly from one hotel to another.

By Jochen de Peuter-Rutten, Consultant, EHL

Opinion Article

October 27, 2020

EHL launches European Hotel Transaction Price Index

EHL's Real Estate, Finance & Economics Institute presents the first edition of the European Hotel Transaction Price Index. This project aims to contribute to increased transparency in the European hotel industry by publishing the index on an annual basis. This first edition of the index is based on a total of 1247 hotel transactions across Europe between 2007 and 2019. In 2019, European hotel transactions prices increased by 7.7% vs. the prior year on the back of a record transaction volume of EUR 25.6 bn. For the first time, the index clearly surpassed its previous peak from 2007.

By René-Ojas Woltering, PhD, Assistant Professor of Real Estate Finance, EHL

Opinion Article

October 26, 2020

HVS Monday Musings: The Dichotomy between Management Fee and Franchising Fee in India

Asset-light operating models have become the main stay for growth of many of the major hotel companies in India, with Management Agreements being the preferred structure. The other major asset-light model - Franchising - though is yet to gain significant traction in the country. Approximately 14% of the total brand signings in 2019 were franchised properties as compared to 10% in 2018. On the other hand, Management Agreements accounted for 76% of the total brand signings in both 2019 and 2018. In contrast, hotel franchises are the most popular model in mature markets like the US, where almost 80% are franchised.

By Dipti Mohan and Akash Datta

India

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Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

Opinion Article

October 23, 2020

Whose Data Is It Anyway?

As the tourism industry looks to rebuild after the shock of COVID-19, priorities and approaches are being rethought and reinvented. Once again, the big opportunities for disruption appear to be digital.

By Marianna Sigala, Professor of Tourism and Director of the Centre for Tourism & Leisure Management - University of South Australia, University of South Australia

Opinion Article

October 23, 2020

2020 HVS Lodging Tax Report - USA

While prior HVS annual lodging tax studies have looked back on tax rates and revenues across the United States, this ninth annual Lodging Tax Study also looks forward and assesses the impact of the COVID-19 pandemic. This analysis of 25 major US markets illustrates the depth of the impact on the hospitality industry and projects a pattern of recovery over the next few years. HVS also provides historical data on tax rates and the collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest US cities.

By Thomas Hazinski and Joseph Hansel

United States

Opinion Article

October 22, 2020

Starbucks Blockchain Shows How to Grow Restaurant Revenues in the New Decade

Amidst so many sensationalized stories about COVID-19 or politics throughout August, you may have missed the coverage of what is potentially a gamechanger in the foodservice and retail industries. First announced over a year ago, Starbucks is now readying to deploy a blockchain network for end-to-end coffee bean traceability and greater product transparency, and this will soon influence what motivates customers to buy at your restaurant, sundry or store.

By Larry Mogelonsky and Adam Mogelonsky

Opinion Article

October 21, 2020

HVS Guide to Hotel Management Contracts

Among all the many peculiarities of the hotel industry, the hotel management contract is likely the most unique. A binding contract between owners and operators, it has evolved over almost six decades. In fact, the first hotel management contract was signed for the Hong Kong Hilton, which opened in 1963.

By Daniel Voellm and Eunice Wong

Opinion Article

October 19, 2020

Hospitality Financial Leadership – EFTEs, Productivity Measurements – Why Use Both

Most hotels measure payroll as a percentage of revenue or, as it is commonly referred to, labor cost percentage. This is not helpful. Why, you ask? Well, first of all, if sales magically increase because of an increase in the average room rate or average cover, your labor cost will automatically improve. Did anyone actually do anything better with the payroll? No. Or, if there is an increase in wages due to an outside force like the minimum wage increased, then your labor cost will suffer and did anyone actually do anything negative? No. So you see the limitations of labor cost percentage.

By David Lund, The Hotel Financial Coach, David Lund

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