Times are tough out there for small businesses, but the hospitality industry is seen as a steady and growing part of the wholesale B2B market.
The hotel and lodging industry can claim numerous reasons why it is one of the most successful fields of operation in the world of businesses.
Many industries pose considerable risk to investors. Between lack of experience in the field to consumer whims changing, and every reason in between, businesses often
Tourism is Everywhere It’s not just the big hotel chains that are profiting from the increase of tourism. Smaller hotels and purely local players are
If you have been to one of today’s trendy bed and breakfast-style accommodations or boutique hotels, you have no doubt experienced the benefits of these
In the nearly 100 years since its opening, it is safe to say that the Hotel Figueroa has been the backdrop for many a scene.
You’ve found some hotel real estate for sale, and after your purchase, you’re trying to think of new ways to enhance the visitor experience. You
Although we’ve relied on hotels and other means of lodging for centuries, that doesn’t mean this sector has no need to innovate. On the contrary,
Beyond the obvious goal of contributing to the welfare of the planet and its natural resources, hotels that meet sustainability goals experience many business benefits
More and more high-net worth investors plan on putting their money in value-add assets. As a wealth-management strategy, investing in high-value real estate is an
Amenities continue to be a significant draw for hotel guests. By providing clients with spaces where they could plan and organize events, hotels can generate
It takes an enormous amount of water—about 2,800 gallons of it—to wash a queen-size bed sheet. Factor in the chemicals needed to sanitize the sheets
Sedona has plenty of breathtaking views, given its well-known red rocks, fantastic sunsets, and some of the best resorts the country has to offer. With
Being in the hospitality business means you’ll need to stay on top of trends and challenges. If you are on the hunt for a new
Hotel investors are taking advantage of opportunity zones, and rightly so. Opportunity zones are a win-win for both low-income neighborhoods and investors, which is why
As guests become more demanding in the type of services they want, hotel properties will need to keep up to meet their demands. That includes
The revenue growth forecast for hotels is expected to slow down, indicating that profits may be harder to hit this year. Revenue gains may have
Hyatt is set on a worldwide expansion, announcing plans to build hotels in locations such as Philadelphia, Portland, Senegal, El Salvador, Los Angeles, and Australia.
Hotels are finding it hard to control salaries, with higher pay, wages, as well as benefits taking a chunk out of the company’s revenue. As
The growing trend of convergence between retail and hospitality isn’t anything new. Hotel brands that work with retail brands provide a personalized experience for customers,
While expenses for hotel businesses continue to rise, 2018 turned in stronger profits than expected. That bodes well for the future of hotel owners and
Star ratings matter. In an age where consumers check reviews and feedback online before they buy a product or try out a service, ensuring that
Experts in the hospitality industry foresee a strong performance for U.S. hotels in 2019. Property owners and those looking to invest will not need to
Rising costs mean that a lot of hotel property owners are finding ways to better manage their finances-such as imposing attrition and cancellation fees. Why
Buying a hotel can be a brilliant investment move. However, finding the right hotels for sale can present quite a challenge. One of the many
Connected technology is quickly becoming the newest addition to hotel guest rooms. By investing in multiple device integration with in-room technology, hotels will start to
The hotel industry is booming. More people are traveling and they’re happy with the accommodations they’re getting. At the rate it’s going, we can only
The first opportunity zone project breaks ground in Phoenix, with the development project on the 130-room Springhill Suites by the Marriott in the suburb of
While the economic outlook continues to be positive, the CFO Signals points out expectations for a slow-down by the end of 2020, one that could
When it comes to selling services or products, it’s nothing new that you, as the owner, would want to turn it into a brand that
Hotel giant Marriott outlined a three-year plan to launch more than 1,700 hotels all over the globe. They also aim to return up to $11
Accurate forecasts are an essential part of revenue management for hotels. Property owners who have adopted a more holistic approach to revenue strategy will find
Hotel ownership is an excellent revenue source. If you’re looking for ways to diversify your portfolio, then investing in a hotel property can be the
More American workers may qualify for overtime pay this year. Under the current enforced law, only employees with a salary below $455 every week are
The Standard International’s hotels have always been a byword for trendy rooms and late-night party spots. Now, it sets to add incubator to its list
Global Hotel Investment Volume Prediction: $67B Could 2019 possibly be the year for hotel investments? Studies say, yes. The market is ripe for the hotel
Has business been feeling slow lately? Despite the influx of customers, has it been more difficult to breakeven? Don’t worry. You’re not alone. 2018 wasn’t
The key components to helping a business succeed in the hospitality industry is a smart financial plan, a solid background in the business, and perhaps
Now is the best time to refinance hotels. But while conditions are ripe for borrowers, that does not automatically mean that your application will be
The time to prepare for a flat tire is not after running over a nail. The same can be said for those who run hotels—the
Environmental consciousness is not a new trend—in fact, it is at the forefront of the minds of more and more consumers every day. Smart businesses,
You’re in the market to buy a hotel—maybe a smaller hotel listed for sale by the owner. One of the first things you’re going to
If you are looking to build property, market figures indicate that this is not a good time. If you want to refinance a property, though,
As we move forward into 2019, investors in hospitality and lodging want an idea of what they can expect. It’s important for hotel investors to
The Opportunity Zones program may pose some limitations, but it brings seriously lucrative tax benefits to the table for hotel owners and investors who may
Measuring hotel performance can be difficult. There are several factors that need to be considered when looking at how well a hotel is performing. This
Opportunity Zones may be the biggest news in the world of economic development since the establishment of the 1031 Exchange. The Tax Cuts and Jobs
From immigration policies to healthcare and tax reform to a government shutdown, U.S. President Donald Trump has had his fair share of challenges since taking
The world of commerce is an ever-growing and expanding one. The fight to stay relevant, successful, and efficient is a reality that drives many companies
So, you’re looking to sell your hotel. You have a great property in a fantastic location with updated rooms and equipment, and you expect to