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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
Archive
Tag: Hotel Asset Management

Managers Get Creative to Cope with Labor Shortages

Managers Get Creative to Cope with Labor Shortages It’s hard to find workers willing to scrub bathrooms and wash pots and pans. With the U.S. national unemployment rate at a 50-year low and properties opening every month, hotel operators are scrambling to recruit workers and keep them engaged. Shortages for housekeepers and kitchen staff are..
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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..
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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..
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Labor, Airbnb Top of Mind for Asset Managers

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 to a group of hotel..
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hotelAVE’s Key Conference Takeaways from the 2018 Americas Lodging Investment Summit (ALIS)

Did you miss the 2018 Americas Lodging Investment Summit (ALIS)? Read hotelAVE’s 2018 Key Conference Takeaways to catch up on the latest insights. ALIS Takeaway #1: Top Line Outlook. Unchanged despite tax reform-2018 RevPAR growth forecast ranges from 2.5% to 2.7%. ALIS Takeaway #2: Margin Erosion. Rising labor costs, real estate taxes and insurance and..
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