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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 LimitedFinance & Accounting
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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Procurement
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Aptech Teams with BirchStreet Systems to Bring Procure-to-Pay Processing to Twenty Four Seven Hotels17 July 2024AptechFinance & Accounting
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 2024NYUFinance & Accounting
NYUSPS Jonathan M. Tisch Center for Hospitality and Tourism
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 groupFinance & Accounting
PKF hospitality group about the new USALI 12th Revised Edition Update – ESG related changes
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