Category: Recent News

The value of driving direct bookings is obvious. It means more revenue, less commission paid to online travel agencies (OTAs), better access to guest data and – all going well – longer lasting relationships with guests.

Hospitality Financial and Technology Professionals (HFTP®) announced today a donation of $25,000 to the American Red Cross in support of the relief efforts for communities affected by Hurricanes Debby, Helene, and Milton. This contribution is made through HFTP’s philanthropic initiative, HFTP Helps, which aims to assist those in need.

There’s a common misconception that the Corporate Sustainability Reporting Directive (CSRD) and the Sustainable Finance Disclosure Regulation (SFDR) are interchangeable or always need to be discussed together. While both regulations aim to enhance transparency and sustainability in business practices, they serve distinct purposes and target different audiences. The CSRD focuses on corporate sustainability reporting, applying to a broad range of companies across sectors. On the other hand, the SFDR is specific to financial market participants and advisers (Figure 1), ensuring transparency in how sustainability risks are considered in financial products. Although they complement each other in the EU’s broader sustainability agenda, their scopes and requirements do not inherently overlap, and one does not automatically necessitate mention of the other. There is never enough myth-busting. Therefore, in this article, I will explain what you need to know about the Sustainable Finance Disclo…

Six Senses has been on a journey to eliminate plastic from its properties ever since the brand was founded in the mid-1990s. By the time plastic had become a dirty word in 2016, single use bottles, straws and disposable packaging were long gone, and Six Senses was already taking pioneering steps towards eliminating more complex and challenging plastic items.

In the realm of cocktails and drinks, there exists a fine line between the roles of a mixologist and a bartender. While the two are often used interchangeably, they are actually very different. They require two distinct sets of skills and have different responsibilities. Let’s delve deeper into the world of mixology and bartending to understand the nuances that differentiate these professions.

In today’s competitive job market, where the war for talent has become more intense than ever, that’s the question that every business should be asking itself if it wants to achieve success. The answer, however, isn’t always straightforward. With companies currently facing significant challenges to hiring and retaining talented individuals, it’s essential they adopt innovative strategies to enhance their employer brand, stand out from the crowd and appeal to talented professionals.

Although the coronavirus pandemic is in the rearview mirror, the hotel industry is still rebounding from the financial distress caused by the severely reduced number of travelers during that time. Years later, some positives have emerged for the industry. Lenders are cautiously optimistic about the potential for growth in hotel and hospitality investments. Increased consumer confidence, a rise in domestic travel, and a growing interest in experiential tourism are driving demand for new supply. Spread between cap rates and borrowing costs are narrow, attracting both institutional and non-institutional investors. Even though the gap between borrowing costs and cap rates are narrow, positive trends in hospitality along with projected interest rate declines make hotels an attractive investment compared to a lot of other real estate asset classes that are either overbuilt or suffering due to macro trends.

Mental wellbeing is a priority for spa goers according to the most recent ISPA Consumer Snapshot Report. Here’s how to make the most of this development.

Rather than start with some glowing statistic to show the growth of wellness worldwide across various markets or industries, here’s a more profound statement: If you don’t make time for your wellness, you will be forced to contend with your illness.

Welcome to the “exciting” world of hotel accounting policy manuals and internal control reviews. Having a set of “rules for the road” is an essential tool that any hotel needs to be successful. Join us and explore what you need to know to get cracking!