The hospitality industry's focus on operating costs and the lessons learned in 2024
How hotels managed rooms, food and beverage and labor expenses
Hotel profit margin, which measure profits as a percent of revenue, is considered a good indicator of the efficiency of hotel operations.
Vetting and Re-vetting Your Hotel Budget
Vetting and re-vetting a budget requires nimbleness, creativity and collaboration—and the work carries over far after budget season ends.
Vetting the budget and reaching consensus is an effort that plays a crucial role in setting a property up for success the following year.
How to Co-brand so Everyone Benefits
When two or more hotel brands share operations, staff, amenities or common spaces, how do you negotiate an arrangement that results in a win-win situation?
Co-branding (also referred to as dual- or multi-branding) might not be a wholly new concept in the hospitality industry, but it’s one that has increasingly gained greater interest ...