Unit-Level Hotel Marketing: P&L Reveals Changes In Department Functions – By Robert Mandelbaum and Viet Vo

Technology, online intermediaries, social media, revenue management software, shared-services, and the proliferation of market intelligence reports have reshaped the way hotel Sales and Marketing Departments conduct business. These operational changes are evident when evaluating the expenses recorded within the Sales and Marketing Department on a property’s operating statement.

Hospitality Financial Leadership – Roger Penske & The Hotel PMS – By David Lund

I had a chance meeting with Roger Penske in the parking lot behind the paddock in October 1994 at the Indy Car Grand Prix of Monterey in Laguna Seca, California. It was the end of qualifying on Saturday and his pilot and fellow Canadian, Paul Tracy had just won the pole position. For you hoteliers who are not motorsports fans, pole means he was the quickest in qualifying and that means he starts in the first position on Sunday. This is a story about hospitality financial leadership in the face of a challenge and adversity.

International Society of Hospitality Consultants and Hospitality Asset Managers Association Debut ISHC CapEx 2018: A Study of Capital Expenditures in the Hotel Industry

This is the fifth edition of the study with the aim of providing the industry with publicly accessible data on hotel capital expenditures. The book presents data on trends in capital expenditures by various hotel segments, including full-service, select-service and extended-stay. With the data provided in the CapEx 2018 study, industry decision makers can better evaluate and make informed decisions with regard to capital expenditures for their properties and repairs and maintenance spending.

Economic Expectations for China Increase Slightly, But Economic Outlook Still Weak

In the most recent survey for January (9–24 January 2019), expectations regarding the Chinese economy have risen by 2.2 points, to a new reading of minus 18.3 points (December 2018: minus 20.5 points). Despite the renewed increase, the indicator is still clearly in negative territory and remains well below the long-term average of 2.7 points. This sees the CEP Indicator, which reflects the expectations of international financial market experts regarding China’s macroeconomic development over the coming twelve months, pointing to a prolonged period of economic weakness.