
According to Hotel F&B Magazine, the hotel food and beverage industry declined by an annual rate of 4 percent over the past four years, one of the foodservice industry's greatest declines over that period. However, with an upturn already noticeable, the segment appears poised for above-average growth. The hotel industry is rebounding from the recession; consumers are traveling more often and spending more on hotel foodservice. The long-term forecast indicates that hotel food & beverage will be a high performer over the next five years. The vast majority of new properties and brands entering the U.S. lodging industry offer either limited, or no food and beverage service at all. On the other end of the spectrum are full-service hotels with multiple restaurants, lounges, and banquet facilities. For these full-service hotels, the offering of food and beverage is not just a source of revenue but an amenity used to position the property within the marketplace. The bottom line - a hotel's Food and Beverage department is an exception if profit exceeds 20%. The August Hotel Business Review will provide readers with an in-depth analysis of the trends that are currently shaping hotel food and beverage. We present expert insight from a team of recognized leaders who will guide your food & beverage sales for success and make your profits sizzle!