According to research from Starfleet Media, almost one-quarter (23%) of restaurateurs who have not purchased a new POS System within the past 3 years plan to do so in the next 12 months.
According to a new survey from CareerBuilder, 65 percent of employers say they plan to hire recent college graduates this year, up from 57 percent last year and the highest outlook since 2007. One third will offer higher pay than last year, and 1 in 4 will pay $50,000 or more.
In year-over-year measurements, the industry's occupancy increased 9.4 percent to 68.8 percent. Average daily rate increased 8.3 percent to finish the week at US$121.20. Revenue per available room for the week was up 18.5 percent to finish at US$83.43.
Value Place announced today that it changed its name to WoodSpring Suites, effective immediately. As well, it is developing a brand extension with a more enhanced offering, WoodSpring Suites Signature, designed to appeal to less price sensitive guests.
According to research conducted by Starfleet Media, the implementation of Hospitality Revenue Management results in a 10 percent average increase in revenue per available room (RevPAR) for large and very large hotels, potentially translating into millions of dollars in additional profit for these companies.
The American Hotel & Lodging Association (AH&LA) Stars of the Industry Awards honors outstanding accomplishments, service, and leadership in the hospitality and lodging industry. In an awards ceremony on April 14, Steve Blum of Washington DCs Willard InterContinental was awarded as Outstanding Manager of the Year, Large Property.
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