When hoteliers like you are asked what their primary concerns are in successfully running their businesses and increasing their profit margins, some of the answers are expected: keeping guests happy, matching the competition's prices, acquiring more market share. What is unexpected is the number who cite unfair and confusing card processing fees as something they are forced to contend with as they look to grow and maintain a successful business. Consider how much of your total revenue comes from payments made on your guests' credit and debit cards. It is very possible you could increase your profit margin on every transaction by taking a closer look at the costs incurred with processing those payments. READ MORE

In the hyper-competitive hotel business, keeping pace with the major flags and industry giants can be a daunting task for small hoteliers and franchise operators. Banks and other lenders take very close and careful assessments of the small hoteliers' track record and personal credit history when considering financing. Access to capital, which is essential for the small hotel owner/operator to maintain and enhance their property and amenities, is extremely difficult, and ultimately this prevents many of these smaller businesses and properties from reaching their fullest potential. One of the best solutions for the small owner/operator is the Small Business Administration's 504 loan program, which enabled 753 hoteliers to borrow $802 million during the 2006 federal fiscal year. READ MORE

Cookies upon arrival won't do it. A bag of "stuff" - not good enough. Tickets to attractions that may not be of interest to your guests (or might be dependent on the weather) is not the answer. So what is necessary to create a perfect family package that will attract customers and keep them coming back again and again? Well... it doesn't require an advanced degree to understand that families look for a package that combines activities and amenities that are both educational and entertaining for themselves and their kids. The bag of "stuff" provides 20 minutes of activity at best and an "unhealthy" snack at check in might have a negative impact on parents who are encouraging healthy diets and lifestyles for their kids. This article will provide you with the information and insights you need to create the perfect family package. READ MORE

By following basic accounting principles, hotel owners and managers have the information they need to identify trends before they can have a negative impact on the business. They can reduce expenses, readily accommodate anticipated peak business times, and scale back operations during slow periods. Rather than relying on intuition and reacting to events, successful owners have the financial facts they need on a daily basis to proactively make the right decisions at the right time. Staying on top of the hotel financials also provides an accurate measurement of management performance in every operational area and gives owners a mechanism to see where they stand against the competition. READ MORE

There's no denying that credit card fraud is on the rise. A 2007 report from the Association for Payments Professionals found 72 percent of 3,000 members surveyed had been victims of actual or attempted fraud in 2006. That's up from 68 percent in 2005. Unfortunately, 80 percent of data compromises originate through small merchants - those generating less than 20,000 e-commerce transactions or a million total transactions annually - according to Visa USA. These smaller merchants - such as independently owned hotels - don't always have the technology to provide the secure systems needed in today's increasingly risky financial world. Worse, many hotel owners dismiss the problem because they think they are protected by their merchant acquirers. But they are not. READ MORE