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Performance

UK Hospitality sector insolvencies suffers most insolvencies amidst sector struggles

In the last 12 months, company insolvencies have increased in the hospitality sector more than in any other sector, according to the latest insolvency figures for England and Wales. In fact, the sector comprises 16% of all recorded company insolvenc...

PKF - Hotel Consultancy Services (UK)
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Finance & Accounting
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Markets & Performance
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UK Hospitality sector insolvencies suffers most insolvencies amidst sector struggles19 July 2024PKFFinance & Accounting
UK Hospitality sector insolvencies suffers most insolvencies amidst sector struggles
Press Release

The Road to Hotel Profitability: Adopting Flow Through + Flex Metrics

When measuring hotel profitability, two key metrics stand out: flow through and flex. Flow through measures the percentage of additional profit from each extra dollar of revenue, while flex gauges the ability to save profit during revenue shortfalls...

HotStats Limited
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Revenue Management
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Finance & Accounting
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The Road to Hotel Profitability: Adopting Flow Through + Flex Metrics17 July 2024HotStats LimitedRevenue Management
The Road to Hotel Profitability: Adopting Flow Through + Flex Metrics
Supplier News

Aptech Teams with BirchStreet Systems to Bring Procure-to-Pay Processing to Twenty Four Seven Hotels

Aptech has teamed with BirchStreet Systems to deliver efficiency and automation where it is most needed – the procure-to-pay (P2P) process. Based on customer demand, this collaboration brings together the best in cloud-based enterprise accounting an...

Aptech Computer Systems Inc
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Finance
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Property Technology
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Finance & Accounting
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Aptech Teams with BirchStreet Systems to Bring Procure-to-Pay Processing to Twenty Four Seven Hotels17 July 2024AptechFinance
Aptech Teams with BirchStreet Systems to Bring Procure-to-Pay Processing to Twenty Four Seven Hotels
Opinion

Should restaurant owners encourage customers to pay by credit cards?

A recent discussion on LinkedIn prompted this post. There is a noticeable and growing trend to charge customers paying by credit card an additional fee. Yesterday, the restaurant I had lunch at, had a 4% surcharge if you paid by credit card. Last we...

Max Starkov
Max Starkov
Hospitality & Online Travel Tech Consultant
NYU
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Food & Beverage
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Finance & Accounting
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Max Starkov
by Max Starkov
12 July 2024NYUFood & Beverage
NYUSPS Jonathan M. Tisch Center for Hospitality and Tourism
HFTP, AHLA and GFC Unveil Groundbreaking 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI™)
Press Release

HFTP, AHLA and GFC Unveil Groundbreaking 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI™)

A newly-revised edition of the Uniform System of Accounts for the Lodging Industry (USALI™) is now available, published by Hospitality Financial and Technology Professionals (HFTP®). The publication is available for purchase and download here.

Hospitality Financial and Technology Professionals (HFTP)
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Finance
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Lodging Industry
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HFTP, AHLA and GFC Unveil Groundbreaking 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI™)11 July 2024HFTPFinance
HFTP, AHLA and GFC Unveil Groundbreaking 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI™)
Why a Data Strategy Is Key to Menu Engineering Success
Opinion

Why a Data Strategy Is Key to Menu Engineering Success

Amid a growing travel market and steady inflation, hoteliers are under increased pressure to differentiate themselves from competitors and remain profitable. While room rentals are often considered the greatest source of hotel revenue, your culinary...

Johannes Vocke
Johannes Vocke
Chief Financial Officer at FutureLog
FutureLog AG
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Finance
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Property Technology
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Food & Beverage
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Johannes Vocke
by Johannes Vocke
10 July 2024FutureLog AGFinance
Why a Data Strategy Is Key to Menu Engineering Success
HFTP Launches Clubs-Online, Offering Exclusive Content for the Club Industry to Power Management Decisions
Press Release

HFTP Launches Clubs-Online, Offering Exclusive Content for the Club Industry to Power Management Decisions

Hospitality Financial and Technology Professionals (HFTP®) is expanding its news and information distribution arm with the launch of Clubs-Online™, a newsletter catering to club professionals. The newsletter, available to HFTP members and subscriber...

Hospitality Financial and Technology Professionals (HFTP)
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Finance
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Clubs
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HFTP Launches Clubs-Online, Offering Exclusive Content for the Club Industry to Power Management Decisions 9 July 2024HFTPFinance
HFTP Launches Clubs-Online, Offering Exclusive Content for the Club Industry to Power Management Decisions
Press Release

PKF hospitality group about the new USALI 12th Revised Edition Update – ESG related changes

Following the last edition published in 2014, the new 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI) has its debut this year (the e-book version is now available) and will be placed in effect on January 1, 20...

PKF hospitality group
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Environment & Sustainability
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Finance & Accounting
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PKF hospitality group about the new USALI 12th Revised Edition Update – ESG related changes 9 July 2024PKF hospitality groupEnvironment & Sustainability
PKF hospitality group about the new USALI 12th Revised Edition Update – ESG related changes