What to Expect in the Hospitality Industry in 2023
Mark D. Podgainy | January 30, 2023
By Mark D. Podgainy Last year was a year of dramatic recovery for the hospitality industry. What’s ahead for 2023? Definitely clouds, but the question is whether the clouds will pass over or they will result in a storm. What’s Ahead High labor costs will persist. While many workers have come back to the hospitality industry after leaving during the Covid-19 pandemic, the industry is still short of employees. This supply-demand imbalance will continue to keep labor costs high and impact margins. As the economy slows the supply of employees will grow (layoff announcements in the news have been increasing), but it is unkno...
Optimizing Sustainability in Hospitality via Supply and Value Chains
Dr Carlos Martin-Rios | January 3, 2023
By Dr. Carlos Martin-Rios The global supply chain disruptions caused by the Covid-19 pandemic have revealed the weaknesses created by our society and economic model's dependence on global trade. This has led to a unique opportunity for businesses and individuals to review and adapt their business models in order to build a more workable and sustainable future. With an increasing number of customers demanding sustainability in hospitality and hotels, innovation of the logistics of supply and value chains demonstrates a committed approach across all processes. Some experts argue that local and human supply chains are the most sustainable ...
Top Concerns and Trends for Hoteliers in 2022
Joseph Pierce | December 20, 2022
By Joseph Pierce As we get ready to flip the calendar to a new year, we are reflecting on the hospitality industry in 2022, which has proven to be a dynamic and interesting year. Many of the challenges that plagued the industry in 2021 still exist but in many instances to a lesser extent. By year-end new challenges such as the highest inflation rate in 40 years and the fear of a recession have started to have an impact. But the industry remains flexible to the needs and desires of the guest and continues to pivot to meet the challenges of the future. H&LA’s consultants have worked on many assignments in 2022, bringing with them th...
Meyer Jabara Hotels Offers Expert Advice on How to Better Manage Hotel F&B Amidst Today’s Labor & Supply Chain Shortages
Meyer Jabara Hotels | May 3, 2022
Operating 30 hotels and 20 restaurants in 12 states, this leading hotel management group sites 7 ways to cut costs, maximize staffing, and emerge profitable in the days ahead [Danbury, Conn., May 3, 2022] — As the hospitality industry continues to deal with the labor crisis, the surmounting lack of truckers is putting even more strain on hotel and restaurant operations. Fewer drivers means an increase in the price of goods and the cost of delivery. With people eager to travel again, hoteliers with food-and-beverage operations are asking “What can we do differently to run our f&b departments more efficiently?” Meyer Jabara Hotels...
Survey: 86% of Hotels Say Supply Chain Issues Impacting Operations
AHLA | December 8, 2021
WASHINGTON – December 8, 2021 – Supply chain disruptions are impacting the operations of more than eight in ten surveyed hotels, and nearly three in four hotel operators say the disruptions are negatively impacting their business revenue, according to a new survey of American Hotel & Lodging Association members. Eighty-six percent of respondents reported that supply chain disruptions were having a moderate or significant impact on their operations. More than half (52%) say the problem has grown worse over the past three months. Seventy-four percent say supply chain issues are having a negative impact on business revenue. The i...
Supply Chain, Inflation Frustrate Hotel Recovery
HotStats | November 17, 2021
The supply chain crunch and inflation are compounding what’s already a nettlesome recovery for hotel owners and operators. Though hotels offer nightly leases, allowing for the repricing of rooms on a dynamic basis, other revenue-generating outlets are more intransigent—a problem when inflation is soaring. “While we can push the envelope with room pricing, there are static parts of our business—such as parking, resort fees and retail—that you can’t reprice,” said Chris Cylke, COO of asset manager RevPAR International. Concurrent supply chain issues impacting OS&E and FF&E and hourly wages rising are taking a t...
BirchStreet Procure-to-Pay Solution is Fully Deployed Across Starwood Hotels & Resorts North American Properties
BirchStreet | August 8, 2016
BirchStreet Deployment in North America is Complete NEWPORT BEACH, Calif. and STAMFORD, Conn. – August 9, 2016 – BirchStreet Systems announced that Starwood Hotels & Resorts Worldwide has fully deployed BirchStreet's Procure-to-Pay Platform across its owned and managed North American properties. As the hospitality industry leader in Procure-to-Pay (P2P) automation, the cloud based BirchStreet platform helps its customers increase efficiency and visibility in all purchasing related activities, drive compliance and financial controls, and improve operations resulting in increased profitability. As of July 5, 2016, Starwood...
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