Next Wednesday – Celebrated Boutique Investment Conference by BLLA
Stay | May 31, 2019
Stay Boutique Live, the Investment Edition, the only conference designed by and for the boutique community, will be held at the Times Center in New York, New York on June 5, 2019, powered by BLLA. Stay Boutique Live, the Investment Edition will feature incomparable networking opportunities amongst members of the boutique community as well as a selection of established speakers on-stage. Registration is open until the morning of June 5th. The conference begins with a networking breakfast at 9am. Unlike the average hospitality conference, Stay Boutique Live powered by BLLA boasts a relaxed, intimate atmosphere conducive to the development of...
20th Century New York Mansion Joins The Ascend Hotel Collection
May 21, 2019
ROCKVILLE, Md., May 21, 2019 -- The Ascend Hotel Collection by Choice Hotels International, Inc. (NYSE: CHH), a portfolio of unique, boutique, and historic hotels and resorts that reflect their surrounding community, now has a century-old mansion in Johnson City, N.Y., among its members. Traditions at the Glen has welcomed the likes of Dwight Eisenhower, Eleanor Roosevelt, and Bing Crosby to its halls, and today, invites all guests to experience its distinguished legacy. The 41-room Traditions at the Glen is located at 4101 Watson Blvd. along the Susquehanna River and 18-hole championship fairways once played by golf legends Ben Hogan a...
Attrition and Cancellation Revenue
Robert Mandelbaum | May 20, 2019
By Robert Mandelbaum Per the Uniform System of Accounts for the Lodging Industry (USALI), the income received from transient and group guests that fail to occupy a room, or cancel a reservation in the prescribed timeframe, and for which payment was guaranteed on an individual basis, is recorded as No Show Revenue in the Rooms Department. This source of revenue is frequently difficult to identify as a discrete source of income on the standard hotel operating statement format. On the other hand, the fees hotels receive from the cancellation of group meetings are typically presented as a separate line item in Miscellaneous Income. Because ...
Revenue Is Rising, But Collecting Is More Challenging
Robert Mandelbaum | April 18, 2019
By Robert Mandelbaum According to STR, U.S. hotels achieved all-time high levels of occupancy, ADR, and RevPAR in 2018. While a record number of guests are staying at hotels, and revenues are flowing in, the ability to collect these funds is starting to become more of a challenge. Per the Uniform System of Accounts for the Lodging Industry, an account entitled "Provision for Doubtful Accounts" has been established in the Administrative and General Department of a hotel operating statement. Each month, hotel managers estimate the portion of their property's receivables that they do not believe will be collectible. The Provision for Doubt...
Best Western® Hotels & Resorts Celebrates Groundbreaking of Vib® Hotel in Orlando, Florida
March 14, 2019
PHOENIX, AZ (March 14, 2019) – In a groundbreaking ceremony held Tuesday, March 12, Best Western Hotels & Resorts celebrated the arrival of its upscale boutique hotel brand – Vīb – in Orlando, Florida. A perfect reflection of what Best Western offers today's travelers with a stylish design and focus on convenience and technology, Vīb Orlando will bring a fresh look and comfortable amenities to the heart of Central Florida's most popular tourism destination. "We are excited to celebrate the groundbreaking of our innovative and sophisticated Vīb brand in Orlando," said Ron Pohl, Senior Vice President and Chief Ope...
Unit-Level Hotel Marketing: P&L Reveals Changes In Department Functions
CBRE | February 22, 2019
By Robert Mandelbaum and Viet Vo Technology, online intermediaries, social media, revenue management software, shared-services, and the proliferation of market intelligence reports have reshaped the way hotel Sales and Marketing Departments conduct business. The traditional organizational structure of assigning personnel by demand segments (commercial, group, leisure) has given way to assignment by function (revenue management, social media, channel distribution, customer relationship management). According to one industry executive, most of the "selling" of hotel rooms has moved from the property level to corporate and regional offices...
Casa Velas Accepted Into the Virtuoso Hotels & Resorts Program
KWE Partners | February 14, 2019
Casa Velas announces it has been accepted into the Virtuoso Hotels & Resorts Program. With Spanish-style architecture and expansive tropical landscaping, the Puerto Vallarta resort has the look and feel of a private hacienda. Located in an upscale residential neighborhood, the resort overlooks the lush greens of the Marina Vallarta golf course – where complimentary unlimited golf is included. All 80 suites are decorated in traditional Mexican colors and furnishings including original artwork by Mexican artist Sergio Bustamante. Among other things, Casa Velas stands out for its designer Handbag Bar and other signature amenities...
Courtyard and Residence Inn by Marriott Debut in Central DC, Managed by Crestline Hotels and Resorts
Crestline Hotels & Resorts, LLC | February 7, 2019
Situated in the Shaw/CBD East End neighborhood, these dual-branded DC hotels feature locally inspired design, 504 beautiful guest rooms, elegant meeting spaces, a new destination restaurant, and sweeping rooftop views of the nation's capital Washington, DC (November 9, 2018) Quadrangle Development Corporation, Capstone Development, and Crestline Hotels and Resorts are pleased to announce the opening of the dual-branded Courtyard and Residence Inn by Marriott Washington Downtown/Convention Center located at 901 L Street, NW, Washington, DC., adjacent to the Walter E. Washington Convention Center. The hotels include a combined 504 guest room...
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