It sounds so simple, doesnt it? You want to make more money? Just increase your rates. However, finding ways to maximize and continually grow rates while maintaining high occupancy is, and will always be, the biggest challenge any property faces.
The U.S. hotel industry reported occupancy dipped 0.5% to 73.8% during July 2017, while ADR rose 1.4% to $130.85 and RevPAR rose just 0.8% to $96.62.
JV to Acquire Hotel Assets in Hawaii, California, Mexico and Japan
Venues at all resorts dedicated to learning and celebrating sustainability
This introductory hospitality accounting textbook accentuates the relationship between business principles and accounting in hotel and restaurant operations. Students will learn accounting information that can be applied in hotel and restaurant environments.
Data Security remains a concern for many F&B operators who are used to managing their systems and data in-house.