Practice is what we are missing. Practice with the financial piece is somehow a foreign concept. But in the hotel world practice is everywhere, right?
With more businesses reopening and bringing employees back to work, the U.S. economy is on firm footing and could see its fastest growth in more than three decades, National Retail Federation Chief Economist Jack Kleinhenz said today.
Principal Financial Group study signals businesses are hopeful and positive about long-term prospects
The hotel business is a retail business and in order to stay on top of your business, you must fully and completely balance your daily revenues and settlements. This means dotting the eyes and crossing the Ts, examine them. Every day we begin anew and every day is a story unto itself when it comes to the revenues and settlements. I may sound like Im repeating 'revenues and settlements,' but it cannot be emphasized enough.
With two major 'black swan' events within 12 years of each other, we can learn from the 2008 financial crisis to help ensure internal controls and business processes are working properly as the hotel industry ramps back up.
The Baird/STR Hotel Stock Index dipped 0.2% in March to a level of 5,131. Year to date through the first three months of 2021, the stock index was up 12.2%.
Could funding for roads, bridges and even highspeed broadband boost the fortunes of those in commercial real estate?
While February economic data showed decline, a fresh stimulus bodes well for March
Even though the economy is projected to grow at a rate not seen in nearly four decades, it is not yet time to sound the all-clear.
Mass vaccinations are providing the shot in the arm needed to reenergize consumers and the economy