The U.S. in October shed the ignominy of being the only global region to have not recorded a positive month of profitability since the start of the COVID-19 pandemic. The country finally reached gross operating profit per available room (GOPPAR) abo…
What Is Project Risk Management?
Risk Management in Development Projects (308)The development manager has overall responsibility for the control of project risks and any actions associated with them throughout the project life cycle. The development management agreement (DMA) gover…
Gearing Up for a Heated Holiday Getaway Season
While drive market couple and family retreats have dominated the summer of COVID-19, new challenges will present themselves as the weather cools. But we may still realize brisk business for the forthcoming holiday season. Unless you have space heate…
Hyatt Announces Hyatt Loves Local Initiative in Support of Local Small Businesses Across the Globe
Driven by Hyatt’s purpose to care for people so they can be their best, Hyatt Hotels Corporation (NYSE: H) announces today the Hyatt Loves Local initiative, a global effort by Hyatt hotels to uplift and collaborate with small businesses that have be…
BCG Targets Travel for Intensive CO2 Reduction
Global management consultancy Boston Consulting Group has pledged to cut its business travel-related carbon emissions at least 30 percent per full-time employee by the year 2025 from 2018 levels. The target is part of a commitment BCG announced in S…
Newport Hospitality Group, Inc. Assumes Management of Two Additional Hotels
WILLIAMSBURG, VA —Newport Hospitality Group Inc., (Newport), a leading hotel management company, has recently been selected to manage two additional hotels. Hampton Inn Elkton, Maryland—With 1,120 sq. ft. of meeting space, this 71—room hotel located…
Buying a hotel: never without a good liability guarantee agreement!
With an asset and liability guarantee agreement (Garantie d’actif et de passif, or GAP, under French law), the buyer obtains a contractual warranty for ensuring that the price it is paying matches the value of the company being sold. A post-sale tax…
Top 10 hotel trends in 2020: Are they here to stay?
As H&LA’s consultants have continued to work on assignments in 2020, we have had the opportunity to see firsthand some of the new trends in response to the pandemic, and we have compiled our top 10 list. While some trends will not likely outlast the…
Accor doubles down on lifestyle and enters into exclusive negotiations with Ennismore
Accor & Ennismore today announced they are entering into exclusive negotiations to form the world’s leading lifestyle operator in the hospitality sector, focusing on one of the fastest growing segments of the industry. Through this all-share merger,…
Oaky Provides Oracle Cloud and Opera Cloud Property Management System Customers with Automated Digital Upselling
Oaky, the leading upselling tool for hotels and a member of Oracle PartnerNetwork (OPN), announced today that they have achieved Integrated with Oracle Cloud Expertise. Oaky is now available in the Oracle Cloud Marketplace offering added value to Or…