Many hotels are lacking in their procurement due diligence, creating lucrative opportunities for fraudsters. It's estimated that hotels lose between 5% and 6% of their annual revenue due to fraud.
Fairfield by Marriott expands its global footprint with the opening of Fairfield by Marriott Copenhagen Nordhavn, marking its first hotel opening within Europe
Challenges, trends, duets, hashtags - TikTok is taking over the social media landscape. Read on to learn more about the growing importance of TikTok marketing for hotels, how to get started on TikTok, what types of content to post, and 9 best practices.
The hotel distribution channel landscape is undergoing a seismic shift. Online travel agencies (OTAs) that once leveled the playing field for independent properties now dominate, their economic muscle squeezing hotel margins. Metasearch engines commoditize the search experience, making standalone properties indistinguishable. Meanwhile, the growth in alternative lodging threatens hotels' grip on the accommodations sector.
Originally built in the 19th century and located in the heart of the popular Tuscany region, Anglo American Hotel Florence, Curio Collection by Hilton is now open following an intensive renovation project curated by Italian architect Chiara Caberlon, after the acquisition in 2021 by the Fund Star II.
The two companies allinvos and FutureLog, specialising in digital processes and solutions for the hospitality industry, have entered into a new strategic partnership as of April 2024. Customers will benefit from digital solutions for the entire procure-to-pay process from a single source: from digital ordering to digital invoice processing.
One of the biggest challenges for many businesses is the growing gap between what business leaders think good customer service is and what customers want. In this article, we'll cover a few basics, discuss how customers' and leaders' perceptions often differ, and provide tips to close the gap and get your CX strategy back on track.
Located in the exclusive Alta Barcelona neighborhood, Grand Hyatt Barcelona is only a stone's throw away from the most iconic spots in the city
High inflation and interest rate rises had a major impact on the European hotel investment market last year, slowing transaction activity and taking volumes 19% lower than in 2022, the second lowest level of investment in the past decade, according to our HVS European Hotel Transaction Report, published this week in partnership with our European hotel brokerage arm HVS Hodges Ward Elliott.
Brand marks Hilton's debut in fast-growing luxury lifestyle category
Nestled in the heart of Rome's historic city center, the hotel is situated in a prime location near the iconic Altare della Patria, the Pantheon, Piazza Venezia, and ancient ruins of Largo di Torre Argentina, Capitolium Hill.
Match days are driving big hotel room price increases in host cities across Germany, but many fans are waiting to see how their team progresses before pressing the button to book.
Accor's new Employee Value Proposition is built with the ambition to bring back enchantment to the hospitality industry.
The findings suggest hostels are outpacing other accommodations in terms of occupancy rates, while average daily rates (ADR) for private rooms have grown globally.
Leading hospitality P2P provider achieves the highest standards of efficiency, control and security of services, systems, processes, and client data
In this episode we tackle: Some industry news including Late's pricing, Agent debt and industry associations - Spring Budget UK - The UK Government announced a range of measures to keep Britain financially fluid…we’ll analyse what they mean to the industry - In our monthly feature - we’re joined by Joss Croft, CEO of UKInbound, to look at trends of the international traveller market to the UK
The impact of the increase in the National Living Wage (NLW) on labour costs in 2024 is forecast to hit UK hotels, particularly in the regions. This will put the spotlight once again on the need for top line growth and smarter cost control to maintain or improve profitability.
E-procurement has a new ally in AI. Recently introduced generative AI tools, like ChatGPT, have taken the business world by storm. And they have the potential to supercharge e-procurement and potentially even make up for a significant part of the losses that were inevitably incurred by the impact of the last few years.
Known for being one of the main industries that is easily impacted by external forces, many questions have recently come up regarding the state of hospitality today. What trends are shaping its future? What makes it still one of the world's fastest-growing industries? How can it remain competitive? How to deal with the post-Covid staff shortages?
Climate change is driving record transaction levels in high-altitude, luxury hotels
Globalization, increasing freedom of movement between countries, and the growing interdependence of national economies have boosted cultural diversity in many industries. Nowhere is this paradigm shift more evident than in hospitality. How to manage cultural diversity effectively in hospitality is crucial in light of these changes.
Key platform advancements included the launch of its Contract Management module, enhanced Recipe Management functionality and a Business Intelligence (BI) reporting suite. Additional developments included a streamlined goods-receiving process, free-text ordering, invoicing customisations, POS integrations, product certification handling and UX design overhauls.
A summary of European hotel transactions provided by HVS
With Asia all wrapped up, Taylor touches down in Europe soon and, if anything, the Swift effect is even bigger for many European cities than any of her previous legs.
This expansion comes in response to the emerging demand for FutureLog's cutting-edge P2P software in the hospitality and gastronomy market. With over 2000 customers in 50 countries, FutureLog currently has 7 global offices and hosts a network of over 14000 suppliers representing 1.5 million products.