Finance

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.

Equipping Hospitality Professionals with Practical Tools & Strategies

We’re excited to share highlights from our recent HVS Hotel Development & Valuation Masterclass. The event took place at the InterContinental Dubai Festival City where Adel, Sonia, Angel and their teams delivered exceptional service, warm hospitality and a world-class networking lunch at the famous Anise Restaurant. 

Live-in Arrangements – Part 1

The hotel business is perhaps the second oldest business in the world. I read that somewhere long ago, and it stuck. The kind of live-in arrangements described in this article are not about that but, rather, what our industry provided in the past to its senior leaders and managers. Some of what you're about to read I experienced first hand and some of it was passed on down to me through stories and folklore. After all we only have our yarns and parables to share and once they’re gone, they're no longer part of our culture. Here is my shot at preserving some of that. I also want to mention that I am in no way complaining or pointing out supposed abuse of power or privilege, it’s just the opposite – I’m celebrating our past.