Hospitality Other Articles

Hotel Spas - Not Just For Resorts Anymore - By Mark VanStekelenburg and Jenna Finkelstein
March, 25 2019
According to the December 2018 edition of CBRE’s Hotel Horizons®, the annual growth in RevPAR for U.S. hotels is forecast to decelerate from 2.8 percent in 2018 to 0.1 percent in 2021. As the main source of hotel revenue is plateauing, hoteliers are looking up and down their operating statements to find alternative sources of income. For hotels that operate a spa, this department has stood out as a bright spot not only for growth in revenue, but gains in profits as well. continue reading →

Personalization, Mobile Technology, and Networking Drive Attendee Engagement at Events, According to New Report
February, 27 2019
With nearly 70 percent of marketing leaders stating that events play a significant role in accelerating sales, meetings and events continue to be key business drivers for organizations around the world. According to a new report by Cvent and Edelman Intelligence, event professionals can deliver more impactful and profitable events through enhanced technology, tailored communication, and networking opportunities. continue reading →

Horwath Industry Report: MOUs Explained - By Cl�mence Derycke
February, 4 2019
The negotiation of a hotel management agreement is a complex process, typically preceded by the negotiation of a memorandum of understanding (MOU) or a letter of intent. The MOU sets out the prime commercial terms presented by the operator on which the hotel management agreement package will later be drafted. Missing out on resolving issues at this preparatory phase may lead to either party finding itself in an unfavorable position when the management agreement package arrives. continue reading →

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