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What is Corporate Performance Management in Hospitality?
Opinion

What is Corporate Performance Management in Hospitality?

Corporate Performance Management (CPM) refers to the processes and systems used by organizations to monitor, manage, and improve their business performance. CPM encompasses a wide range of activities, including planning, budgeting, forecasting, fina...

Vic Chynoweth
Otelier (formerly myDigitalOffice)
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Property Technology
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Management Companies
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Finance & Accounting
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Asset Management
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Vic Chynoweth
by Vic Chynoweth
27 August 2024Otelier (formerly myDigitalOffice)Finance & Accounting
What is Corporate Performance Management in Hospitality?
Why Smart Hospitality Companies are Accelerating CapEx Digital Transformation
Opinion

Why Smart Hospitality Companies are Accelerating CapEx Digital Transformation

Historically, hospitality professionals have viewed procurement as a cost centre. But now, after years of social, economic, and political upheaval, procurement is evolving into a strategic function that helps hospitality organisations realise their ...

Johannes Vocke
Johannes Vocke
Chief Financial Officer at FutureLog
FutureLog AG
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Finance
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Information Technology
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Finance & Accounting
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Procurement
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Johannes Vocke
by Johannes Vocke
27 August 2024FutureLog AGFinance & Accounting
Why Smart Hospitality Companies are Accelerating CapEx Digital Transformation
From Revenue Management to Profit Management: A Culture Shift in Hotel Commercial Strategy
Opinion

From Revenue Management to Profit Management: A Culture Shift in Hotel Commercial Strategy

We all know the backstory: After COVID forced many hotels to close their doors for months on end, travel came roaring back, and for a few years the industry benefitted from “revenge travel” that paved the way for record-breaking rate growth.

Jason Q. Freed
Jason Q. Freed
Hospitality Data Evangelist
Otelier (formerly myDigitalOffice)
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Property Technology
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Revenue Management
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Finance & Accounting
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Big Data
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Jason Q. Freed
by Jason Q. Freed
31 July 2024Otelier (formerly myDigitalOffice)Finance & Accounting
From Revenue Management to Profit Management: A Culture Shift in Hotel Commercial Strategy
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 2024NYUFinance & Accounting
NYUSPS Jonathan M. Tisch Center for Hospitality and Tourism
Opinion

Assessing The Digital Infrastructure Of Your Hotels

In 2023, U.S. hotels saw their operating efficiency decline as operating expenses increased at a pace greater than revenue growth, resulting in a decline in profit margins. With forecasts of moderate revenue gains for the next few years, hotel owner...

Robert Mandelbaum
Robert Mandelbaum
Director of Research Information Services at CBRE Hotels
CBRE Hotels
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Property Technology
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Finance & Accounting
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Robert Mandelbaum
by Robert Mandelbaum, Adam Barry and John Pomposello
3 July 2024CBRE HotelsFinance & Accounting
CBRE Hotels