Hotel Lawyer on the state of the hotel industry. At the ALIS conference last week, Smith Travel gave a great overview on the final results for 2010 as well as its outlook for 2011 and 2012. The numbers are very interesting!
Strategic U.S. Retail Expansion Resumes - Emerging Markets to Drive Profitable International Growth; 1,500 Stores in China by 2015 - Consumer Packaged Goods Growth to Accelerate
As the industry recovers from historical lows in occupancy and ADR, Ive been hearing a common question from many hotels - 'How are we going to grow rate?' Occupancy growth has to come first before rate growth, but in markets that are already seeing occupancy come back, hotels have the ability to achieve ADR increases.
Professional Accounting Solutions (PAS) has just introduced pasExpense, the latest addition to their suite of back-office solutions designed specifically for the hospitality industry.