CBRE Forecasts Enhanced RevPAR Growth in 2023 Despite Economic Headwinds
Written by: Rachael Rothman and Matt Mowell Despite projections of persistent inflation and a moderate economic recession, CBRE’s November 2022 Hotel Horizons® forecast calls for a 5.8 percent increase in rooms revenue per available room (RevPAR) in 2023. This is…
The Lag in Food and Beverage Recovery
Written by: Robert Mandelbaum and Andrew Hartley According to CBRE’s September 2022 Hotel Horizons® forecast for the overall U.S. lodging industry, rooms revenue per-available-room (RevPAR) will exceed 2019 annual levels in 2022. This is driven by the accelerated recovery of…
HFTP Foundation Seeks Input for 2022 Compensation and Benefits Report
As it has done every other year for the past 30 years (save for a brief hiatus caused by the sudden pandemic in 2020), the HFTP Foundation will lead the production of a new biennial Compensation and Benefits Survey Report…
Destination Club Summit 2022: See You in San Antonio for Advanced Club Strategies in March
The HFTP Club Advisory Council has been hard at work for the past few months on the HFTP 2022 Club Summit — planning a comprehensive educational agenda packed with the latest trends and information for clubs at a time when…
Considerations for Hotel Profitability Trends, Re-opening and Work from Home
Round 1 – U.S. and European Hotel Performance Trends in a Downturn The latest round of HFTP Hangouts kicked off this week with a data-driven session presented by HotStats. This session provided an in-depth overview of current operational and profitability…
Tech Trends of 2020: Where Innovation Lies
Facial recognition. Robotics process automation (RPA). Voice assistance. As technology becomes the cornerstone for the way we do business and a key driver for the guest experience, we have all become relatively familiar with tech terms like these — but…
Sentiment Survey Reveals Top Hospitality Technology Decisions in 2020
The results are in for the inaugural Hospitality Technology Sentiment Survey, co-produced by HFTP and Hospitality Net. This survey sponsored by Shiji with partners EHL and Puzzle Partner serves as an indicator of pertinent technology trends in the hospitality industry. The report uncovers some surprising insights based on the…
Food for Thought at #HITEC: Is AI like Kale?
Written by: Jennifer Jones — Official HITEC® Minneapolis 2019 Guest Blogger The big buzz word this year at HITEC is all about AI. It is the latest trend in the hospitality tech stack and as you walk the aisles on the show…
Vacation Time: You’ve Earned It, So Why Not Take It?
By Sunny Wang When was the last time you took a vacation? Let me rephrase that. When was the last time you took a vacation without thinking about work or checking work emails? I would not be surprised if some…
Revenue Optimization: Driving the Bottom Line
By Sherry Marek In today’s competitive world, a great management team focuses on optimizing revenue in every department — including rooms, spa, ski, golf, ticketing, food and beverage, and retail. Where is the additional revenue going to come from? You need…