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Category: Industry Insights

The Next Frontier in Revenue Management

By  Romy Bhojwani Article published by Hotel News Now. Savvy revenue managers should look for opportunities beyond just room revenue, such as in group meeting and banquet spaces. Here are some things to consider when refining the M&E strategy. In their quest for revenue per available room Index, most revenue managers miss other high profit..

Owners Adopt New Practices With Fees and Surcharges

Article published by Hotel News Now. Asset managers and owners recognize that amenity and resort fees are a viable source of revenue. Now the trend is expanding into urban luxury and full-service hotels, but experts urge hoteliers to take a careful approach. REPORT FROM THE U.S.—Surcharge fees collected by U.S. hotels are on the rise..

Numbers-savvy Hotelier Builds on a Legacy

Article published by Hotels Magazine. A self-proclaimed “egghead,” Andrea Olshan knows her numbers, but she also gets the soft side of the business. Olshan is CEO of Olshan Properties, which owns and runs six hotels in Ohio, Georgia, Illinois and Florida, part of a broader commercial portfolio that includes retail, office and residential holdings. She..

Labor, Airbnb Top of Mind for Asset Managers

Published by Hotel News Now. Hotel asset managers shared what they believe to be the biggest obstacles facing the hotel industry along with some cost-cutting measures they suggest hoteliers pursue. LEESBURG, Virginia—A tightening labor market and the ever-encroaching presence of alternative-accommodation platforms, such as Airbnb, are the biggest obstacles the hotel industry faces today, according..

The Important Decisions of the Brand-Removal Process

Article published by Hotel News Now.  When de-flagging a branded hotel to an independent, there are many things to consider, such as timing, vision of the asset and collaboration with management companies. REPORT FROM THE U.S.—Taking a branded property and converting it to an independent is no easy process, and it comes with several risks,..

HAMA Names 2018 Board of Directors

Article published by LODGING Magazine. ATLANTA, Ga.—Officials of the Hospitality Asset Managers Association (HAMA) today announced their new board of directors for 2018. Recently appointed at the group’s semi-annual conference, the new members include: CHMWarnick’s Maxine Taylor as president Three Wall Capital’s Tim Dick as vice-president Fulcrum Hospitality’s Larry Kaminsky as secretary Host Hotels &..

ILHA’s 6th Annual Hospitality Conference Wrap-Up

Article published by the International Luxury Hotel Association. Nearly 400 investors, owners, executives, and operators from the leading luxury hospitality organizations convened together at the Four Seasons Hotel Miami to collaborate, learn from each other, and make meaningful connections. Full article available here.