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Press Release

Methods in the Madness: Insiders share their budgeting approach

Budgeting is like training for an Olympic marathon. Days are spent creating a plan to address weaknesses, build on strength and endurance, and hedge against unfortunate events. Money is earmarked for activities that hopefully will generate income or...

HotStats Limited
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Revenue Management
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Finance & Accounting
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Methods in the Madness: Insiders share their budgeting approach14 October 2024HotStats LimitedFinance & Accounting
Methods in the Madness: Insiders share their budgeting approach
Press Release

Selkirk College Integrates David Lund’s The Prosperous Hotelier into Resort & Hotel Management Curriculum

Selkirk College Adopts David Lund’s “The Prosperous Hotelier” as Course Textbook Nelson, British Columbia – October 14,2024 – Selkirk College is excited to announce that David Lund’s widely acclaimed book, The Prosperous Hotelier, has been officiall...

David Lund
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Education & Professional Development
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Hotelschools | Universities
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Selkirk College Integrates David Lund’s The Prosperous Hotelier into Resort & Hotel Management Curriculum14 October 2024David LundFinance & Accounting
Selkirk College Integrates David Lund’s The Prosperous Hotelier into Resort & Hotel Management Curriculum
Press Release

Capella Hotel Group Leads Luxury Hospitality into the Digital Age with Acceptance of Digital Payment Tokens

In an industry-leading move, Capella Hotel Group announces the acceptance of Digital Payment Tokens (DPTs) at its flagship properties, Capella Singapore and Patina Maldives, Fari Islands. As a leader in luxury hospitality, Capella Hotel Group recogn...

Capella Hotel Group
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Capella Hotels and Resorts
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Patina Hotels & Resorts
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Blockchain, Crypto, NFT, Metaverse
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Capella Hotel Group Leads Luxury Hospitality into the Digital Age with Acceptance of Digital Payment Tokens 7 October 2024CapellaFinance & Accounting
Capella Hotel Group Leads Luxury Hospitality into the Digital Age with Acceptance of Digital Payment Tokens
Press Release

Capitaland Ascott Trust is the First Lodging Trust to Secure OCBC 1.5°C Loan

CapitaLand Ascott Trust (CLAS) is the first lodging trust to secure an OCBC 1.5°C loan. With this S$165 million sustainability-linked multi-currency revolving credit facility, CLAS will receive interest rate reductions upon meeting the agreed annual...

The Ascott Limited
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Environment & Sustainability
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Finance & Accounting
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Capitaland Ascott Trust is the First Lodging Trust to Secure OCBC 1.5°C Loan 6 August 2024The Ascott LimitedFinance & Accounting
Capitaland Ascott Trust is the First Lodging Trust to Secure OCBC 1.5°C Loan
Press Release

The Road to Hotel Profitability: Adopting Flow Through + Flex Metrics

When measuring hotel profitability, two key metrics stand out: flow through and flex. Flow through measures the percentage of additional profit from each extra dollar of revenue, while flex gauges the ability to save profit during revenue shortfalls...

HotStats Limited
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Revenue Management
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Finance & Accounting
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The Road to Hotel Profitability: Adopting Flow Through + Flex Metrics17 July 2024HotStats LimitedFinance & Accounting
The Road to Hotel Profitability: Adopting Flow Through + Flex Metrics
Press Release

PKF hospitality group about the new USALI 12th Revised Edition Update – ESG related changes

Following the last edition published in 2014, the new 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI) has its debut this year (the e-book version is now available) and will be placed in effect on January 1, 20...

PKF hospitality group
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Environment & Sustainability
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Finance & Accounting
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PKF hospitality group about the new USALI 12th Revised Edition Update – ESG related changes 9 July 2024PKF hospitality groupFinance & Accounting
PKF hospitality group about the new USALI 12th Revised Edition Update – ESG related changes
Ukraine’s Hotel Market: adapting to the realities of today and looking for new opportunities
Press Release

Ukraine’s Hotel Market: adapting to the realities of today and looking for new opportunities

The war in Ukraine has had a profound impact on the economy, including the hotel industry. The year 2022 was challenging, with a significant drop in demand for hotel services and many establishments temporarily closing their doors. However, with its...

Ukrainian Hotel & Resort Association (UHRA)
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Management Companies
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Finance & Accounting
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Ukraine’s Hotel Market: adapting to the realities of today and looking for new opportunities21 June 2024Ukrainian Hotel & Resort Association (UHRA)Finance & Accounting
Ukraine’s Hotel Market: adapting to the realities of today and looking for new opportunities