Marriott. Hilton. IHG. Wyndham. Choice. For years these chains have publicized the advantages of working with them: advanced loyalty programs that promise to bring consistent customers, low fees, tough negotiations with OTAs, and preferred financing options. Not so fast.
In the most recent survey for January (924 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 Chinas macroeconomic development over the coming twelve months, pointing to a prolonged period of economic weakness.
PwC's 22nd annual CEO Survey reveals a more cautious outlook for business.
I know there is BIG TIME pushback on the idea of multi-tasking. Being so popular in our modern work society the idea of multi-tasking is more than a fad, more than say IMU (Individual Business Units) or MBWA (Management By Walking Around). These are two of my personal all-time favorite business practices. In the hotel business, we need to be able to differentiate between when it is appropriate to do more than one thing at a time and when it is not.
This article looks at hotel sales and capitalization rate trends, the impact of slowing RevPAR growth on hotel values, and the outlook for 2019.
I tell my Introductory Hospitality Financial Leadership Workshop participants that the concept behind the matching principle is 'the most important concept today.' Why? When it comes to producing financial information, its the cornerstone of understanding why we do almost everything the way we do it in the business world.
US growth is expected to moderate from an estimated 2.8% in 2018 to around 2.3% in 2019 – Labour markets in advanced economies expected to tighten, pushing up wages – India and France could overtake the UK economy in terms of size in 2019
After a decrease in three of the final four months of 2018, the Baird/STR Hotel Stock Index finished the year down 16.8%.
Interviews are tricky, for both the candidate and the interviewer. A GMs job interview is a challenge for the incumbent because they need to be ready for just about anything. This is especially true as it relates to the financial picture of the business as seen through the interviewers eyes.
Year to date through the first 11 months of 2018, the stock index fell 9.0%.