Nearly 400 students are competing in our National ProStart Invitational. There, students put their culinary and management skills to the test.
The U.S. hotel industry reported mostly positive results in the three key performance metrics during the week of 16-22 April 2017, according to data from STR. Performance on Sunday and Monday of the week was lower due to a comparison with a non-Easter time period last year. In an overall comparison with the week of 17-23 April 2016, the industry reported the following:
As North American hoteliers forge ahead in 2017, average daily rates (ADR) are holding strong in both the second and third quarters of 2017 despite declines in committed occupancy*, according to new data from TravelClick's April 2017 North American Hospitality Review (NAHR).
Atlanta-based Hotel Equities (HE) has been selected to manage the 107-room Home2 Suites by Hilton hotel in Carbondale, Illinois. Starting immediately, Hotel Equities will partner in a supportive role to help manage the final construction and development phase of the property. The firm will begin hotel operations during the pre-opening stage with scheduled opening expected to be in August 2017. Hotel Equities continues its growth strategy in the mid-west with its first hotel in the state of Illinois. The HE portfolio now numbers over 100 hotels coast to coast.
The FDA has submitted an interim final rule to the White House Office of Management and Budget, signaling a delay in enforcement.
Operators can stay on top of the trends at this year’s Non-Commercial Summit during NRA Show 2017 in Chicago.
Get ready to honor the industry’s very best at the International Foodservice Manufacturers Association’s 63rd annual Gold & Silver Plate Awards in Chicago.
Once upon a time guests would feel compelled to sign up for loyalty programs with their preferred hotels and earn some real privileges. The more stays a person had within a year, the more points he earned; the more free offers he received. But due to increased competition within the hotel industry and numerous other factors, these hotel loyalty offers have gotten … shall we say, stale(?).
Hampton by Hilton debuts 11 properties to its portfolio along the country's East and West coasts this spring. The new hotels, including Hampton Inn & Suites by Hilton Los Angeles/Santa Monica in California, Hampton Inn & Suites by Hilton Seattle/Redmond in Washington, Hampton Inn by Hilton Wilmington Downtown in North Carolina and Hampton Inn & Suites by Hilton Charleston Airport in South Carolina, will offer travelers value-driven amenities and quality accommodations in seaside destinations.
Hilton (NYSE: HLT) today announced it will hire an additional 20,000 veterans, spouses, dependents and caregivers by 2020. The company has already achieved 10,000 military hires in the United States since 2013, exceeding its initial goal two years ahead of schedule. Hilton's combined commitment is the largest in the hospitality industry, and one of the largest in the U.S. private sector.
Starwood Capital Group today announced the launch of Uptown Suites, a nationwide brand of upscale, economy-priced extended-stay suites for families, business travelers and long-term visitors. Uptown Suites will be managed by InTown Suites, an owner-operator of extendedstay properties in 188 locations in 22 states with more than 24,000 rooms.
Say it ain't so: The House is talking repeal of debit card swipe-fee protections, which keep transaction costs fair and reasonable for restaurants.
Our new research finds that consumers expect technology to be part of their dining experience, but the human element is still important to them.
RobertDouglas announced today that it advised VanTrust Real Estate LLC on the sale of Hotel Sorella Country Club Plaza. Hotel Sorella was acquired by a partnership between a real estate investment management firm and a privately-held hotel management company.
Canada's hotel industry reported positive year-over-year results in the three key performance metrics during the first quarter of 2017, according to data from STR. Compared with Q1 2016:
President's pick to head USDA confirmed as Gottlieb, Acosta and Lighthizer each await their turns.
U.S. hoteliers enjoyed a seventh consecutive year of increasing profits in 2016 despite a slowdown in the rate of revenue growth. According to the recently released 2017 edition of Trends® in the Hotel Industry by CBRE Hotels' Americas Research, total operating revenue, driven by a 0.2 percent rise in occupancy and a 2.5 percent growth in average daily rate (ADR), increased by 2.4 percent in 2016 for the average hotel in its survey sample. However, by limiting the growth in operating expenses to just 1.6 percent, managers at the Trends® properties were able to extract a 3.7 percent increase in gross operating profits (GOP) for the year.
Results from STR's 2017 HOST Almanac indicate that U.S. hotel industry revenue and house profit reached all-time highs in 2016. Revenues topped an estimated US$199 billion in 2016, increasing nearly US$9 billion from 2015. Total industry-wide house profit exceeded US$76 billion, a per-available-room increase of 2.0% from 2015. Even though records were set in each category, STR's Consulting & Analytics team notes that growth was much lower than the levels experienced in 2015. House profit increased 4.0% compared with 11.1% in 2015. Total revenues increased 4.5% in 2016 after rising 8.1% in 2015. "Inflation-adjusted revenues topped the previous peak, and real house profit levels were the second-highest we've seen," said Joseph Rael, STR's director of financial performance. "However, in the past year, we've also seen revenue growth slow considerably throughout the country. With RevPAR (revenue per available room) growth forecasted below 3% for the next couple of years, we only expect modest profit increases in the short term."
Older adults are projected to represent a much larger share of the U.S. labor force in the years ahead, and the restaurant industry workforce will likely evolve accordingly.
M&R Hotel Management today announced the appointment of Fran Ramos as general manager of the 88-room Comfort Inn Midtown West at 548 West 48th St., where she has been assistant general manager since 2015.