American hotels will benefit from an important update to the Paycheck Protection Program (PPP). Following months of collaboration with the American Hotel & Lodging Association and hotel owners across the country, the Small Business Administration (SBA) issued new PPP eligibility guidelines today.
Milestone Inc. is thrilled to announce the lineup of distinguished speakers for Engage2023, the highly anticipated premier digital marketing summit for marketers, on July 31st and August 1st at Caesars Palace in Las Vegas, NV.
The Meet the Money® 2023 conference wrapped up earlier this month, after 3 days of informative panel discussions exploring opportunities, challenges, and trends in the hospitality industry. The summaries below outline discussions our experts and executives presented to an audience of hotel owners, developers, investors, lenders and operators.
The Canadian gaming industry thrives as one of the most dynamic sectors in the world. Each year, industry professionals, experts, and enthusiasts come together at the Canadian Gaming Summit (CGS)—the country’s premier annual conference and exhibition for Gaming and Sports Betting senior executives from across the globe—to explore the latest trends, innovations, and challenges in the realm of casinos and gaming.
JMBM’s Global Hospitality Group® hosted the 30th edition of Meet the Money® national hotel conference on May 1-3, 2023. Alongside investment boot camps and insightful discussion panels, the conference featured several exciting special presentations interpreting the latest data and industry sector highlights. In Part 4 of this blog series, we highlight the special presentations given by Mike Cahill and Paul Single.
JMBM’s Global Hospitality Group® recently hosted the 30th edition of Meet the Money® national hotel conference. Alongside investment boot camps and insightful discussion panels, the conference featured several exciting special presentations interpreting the latest data and industry sector highlights. In Part 3 of this blog series, we highlight the special presentations given by Warren G. Feldman and Alan X. Reay.
JMBM’s Global Hospitality Group® hosted the 30th edition of Meet the Money® national hotel conference on May 1-3, 2023. Alongside investment boot camps and insightful discussion panels, the conference featured several exciting special presentations interpreting the latest data and industry sector highlights. In Part 2 of this blog series, we highlight the special presentations given by Romy Bhojwani and Ryan Meliker.
JMBM’s Global Hospitality Group® recently hosted the 30th edition of Meet the Money® national hotel conference. Alongside investment boot camps and insightful discussion panels, the conference featured several exciting special presentations interpreting the latest data and industry sector highlights.
The COVID-19 pandemic has had a profound effect on the global economy, leading to widespread inflationary pressures. Governments around the world responded with unprecedented levels of fiscal and monetary support to stimulate their economies, the impact of which was felt months later as economies reopened and consumers once again began spending. This trend, along with supply chain issues, led to a noticeable increase in the cost of goods and services.In response to the inflationary pressures resulting from these factors, the United States Federal Reserve System (known as the Fed) has embarked on an interest rate-hike cycle in an effort to taper inflation. However, the rate increases have been the fastest in recent history, since the federal funds rate (FFR) reached a peak in 1980, as illustrated below by the sharper slope of the recent hike cycle.
The 30th edition of Meet the Money® 2023 national hotel finance and investment conference was held May 1 – 3, 2023 at the Hyatt Regency LAX. Some very insightful and informative presentations were made at the conference about the national economy, the national and California hotel markets, the latest version of the ISHC’s CapEx study, the Lodging Industry Investment Council’s Top 10, and three different views of the lodging industry’s performance and prospects.
Growth Advisors International Network (GAIN), a leading travel and hospitality innovation and growth advisory firm, is pleased to announce that Kim Phoebus has joined as a GAIN Advisor and leader of the new GAIN Hospitality and Finance Advisory Group. Beyond the delivery of industry leading fractional CFO services, Phoebus will be leading a team of fellow experienced finance and business management GAIN Advisors, delivering impactful and specialized advisory to travel and hospitality industry GAIN clients to achieve their financial, business operations and M&A goals.
Automation in the hospitality industry continues to evolve and represents innovation at its finest. Automated processes promote hoteliers to build financial and operational success within hotels that are necessary to remain competitive in the market. Hoteliers can bring their focus back to guests by reducing tasks from their ever-growing to-do list by opting to use automated solutions.
Meet the Money®, the national hotel finance and investment conference, returns for its 30th year on May 1-3, at the Hyatt Regency LAX. Attendees can look forward to three days of deal-making, networking, and high-level presentations from some of the best-known names in the hospitality industry.
Milestone Inc, a premiere MarTech software and solutions brand, is announcing a series of technology updates and integrations. Milestone offers a suite of MarTech products, including the proprietary best-in-class, SEO-first CMS platform technology. Additionally, clients benefit from Local, Schema, and FAQ Management solutions as well as Analytics & Business Insights that power search engine optimization for B2C and B2B businesses. Milestone Inc is proud to announce the following technology updates and integrations: Milestone Analytics: With Google Analytics 4 becoming the standard for website and app traffic analysis as Google sunsets Universal Analytics in July 2023, Milestone has completed over 500 successful migrations to help businesses prepare for the cookie-less future. These efforts allow clients to stay ahead of the curve by futureproofing them for the changes that GA4 is poised to bring. With Milestone Analytics, businesses can view granular website traffic data via a set of dynamic widgets to give users a comprehensive view of their online presence across locations and channels. Milestone Menu Manager: Milestone’s Menu Managers offer businesses a scalable solution to manage menus on Google across business profiles. As every menu is optimized for search, it improves a business’ relevance in search for its menu items. Thanks to Milestone Menu Manager, companies can add and publish menus across locations simultaneously, customize menus for select areas, add menu item attributes to drive relevance, reorganize their menus, and more. Milestone Schema Validator: Milestone Schema Manager now supports Schema.org v15.0 vocabulary update. The latest version of Schema.org’s shared vocabulary for structured data has several fixes and potential updates, including eCommerce additions via the pending section and other miscellaneous fixes. With the latest updates, Schema Manager’s feature ‘Drift’ detects changes in vocabulary on pages and alerts users to update their webpage Schema. Implementing Schema.org’s Vocabulary 15 helps users create highly granular structured data for their pages, allowing search engines to quickly categorize pages for various rich results, improving visibility across SERPs (Search Engine Results Pages), and driving traffic to their website. In addition to supporting the vocabulary update, Milestone Inc. has enhanced its Schema management capability with the launch of an easy-to-use tool to validate website Schema for all 800+ Schema types. The Milestone Schema Validator ensures that markup is error-free, making it a valuable tool for B2C and B2B businesses. https://schemavalidator.milestoneinternet.com/ Generative AI: With Generative AI taking center stage in technology over the last few months, Milestone Inc. has announced integrations that leverage generative AI to drive the visibility of businesses on search and improve a business’ speed to market. From using AI/ML to automate key SEO requirements within their CMS platform to the generation of FAQs using URLs or search terms, auto-population of Schema for pages with similar content and DOM structures, and AI/ML trained chatbot for customer support, Milestone's products have adopted AI to make processes seamless and efficient for businesses to meet their visibility and speed to market goals. According to Ritika Chugh, Sr. Director of Products, Milestone Inc., "Our innovation focus is a testament to our commitment to providing our clients with the most comprehensive platform suite that allows them to improve their overall digital presence and reach. With these new investments in Analytics, Menu Manager, Schema Validator, and Generative AI, we bring our best-in-class products and services to customers worldwide." “With the launch of the Milestone Schema Manager and Validation tool and by adding AI-driven capabilities, we continue to push the boundaries of what is possible in digital marketing. Our goal is to help businesses achieve their desired outcomes in the most efficient and effective way possible," said Sathya Krishnamurthy, CPO of Milestone Inc. About Milestone Inc. Milestone drives online discovery and customer acquisition with our digital presence platform and performance marketing services. Over 2,000 companies in Hospitality, Retail, Financial Services, and Automotive industries use Milestone to drive online growth. Customers include global hospitality, banking, retail, and automotive brands, including Marriott, US Bank, One Nevada Credit Union, VMWare, Nissan, Motel6, Preferred Hotels, Sun Outdoors, mid-market companies, and SMBs. Milestone platform provides client solutions via Website CMS, Schema Manager, Local listings, Reviews Management, FAQ Manager, and Analytics. In addition, Milestone offers Performance Marketing Services for Content, Design, SEO, Paid Marketing, and Analytics to our clients. Annually, over 300 million visitors use websites developed on Milestone CMS, 540 million consumers click on content powered by Milestone Schemas, and 3.7 billion consumers search for businesses powered by Milestone Local. The Milestone platform is amongst the highest-rated MarTech platforms recognized by Forrester and awarded by G2, Adrian Awards, US Search Awards, Search Engine Land, CMS Wire, and others. If you wish to learn more about Milestone, book a demo at https://www.milestoneinternet.com/
The energy is building as we prepare for Meet the Money’s return in May! Our registrants can look forward to an exciting conference structured around networking, dealmaking, and gathering insight from the industry’s best minds.
Over the past few decades, we have seen constant advancements in automation technology, particularly when it comes to the hospitality procurement process. Procedures like sourcing, tendering, auctioning, and ordering products have all been adopted into automated systems. And while these advancements have created unmatched levels of consistency, efficiency, and convenience, there’s one area in particular that often gets left out of this automation: payments.
The Meet the Money program is now available on MeetTheMoney.com – take a look and see who’s speaking and what topics they’ll be exploring.
The fall of Silicon Valley Bank and Signature Bank, the largest U.S. banking collapse since the Great Recession, will ultimately lead to a shift in funding sources, difficulty obtaining hotel construction loans and a slowdown in recovery of the already challenging lending environment, say hotel analysts and owners.
The Global Hospitality Group of Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce the completion of $172 million in C-PACE (Commercial Property Assessed Clean Energy) financing transactions for the year 2022. This total includes over $97 million in hotels and condos, more than $58 million in multifamily, and $16 million in senior living facilities.
A recent Gartner report claims that by 2025, quite 50% of organizations around the world will have a cloud-based procure-to-pay suite. Tools like BirchStreet Pay are gaining traction as hotels learn more about the advantages and cost opportunities of using saving procurement solutions.