For hotel owners thinking about selling their businesses, it might seem like now is a bad time to list a business for sale. In reality, many potential business buyers are looking, but the businesses for sale that include an offer of seller financing are the ones getting buyers to take notice. If hotel owners are willing to finance at least part of a business sale, they are much more likely to sell the business, as today's economy has made it difficult for buyers to finance an entire business purchase through traditional methods. Read my article below to find out everything you need to know about seller financing in business-for-sale transactions. READ MORE

It's no secret that the most successful projects consist of teams that communicate well and work seamlessly together. Having a clear vision for a project is critical for success. It is vitally important that the design and procurement professionals work in a collaborative manner to ensure design continuity. When the design and procurement aspects of a given project are combined under one umbrella, you create a synergy in achieving the right design at the right cost. READ MORE

There isn't a business that isn't being challenged by our current economy, and hospitality is certainly no exception. During these stressful times, your guests - many of them business travelers struggling with these financial challenges, will need the therapeutic qualities of fitness and exercise more than ever. Neglecting an emphasis on fitness services could be a big mistake, that jeopardizes customer satisfaction and loyalty. Check out national fitness business expert Bryan Green's story "Keep Fitness Strong During a Weak Economy" where he'll tell you how you can "pump up" your business through fitness, in the face of today's economic challenges. READ MORE

It is widely known that the Chinese beauty and wellness market is very large and growing fast. The 370,200 salons and spas in the US are dwarfed by China's 1.72 million salons/spas with their 9 million employees. In addition, it has also been turning in double digit growth rates for many years now and is shortly expected to overtake France as a purchaser of cosmetic products. READ MORE

For obvious reasons, cost cutting is at the top of every business owner's to-do list. Surprisingly, energy expenses are often overlooked as operating costs are evaluated for their impact on a company's bottom line. Energy expenses can be a controllable cost when consumption behaviors are evaluated. According to ENERGY STARR, typical energy expenses account for more than 6 percent of a hotel's total operating costs. These costs have increased approximately 25 percent from 2004 to 2008. By investigating procurement options, analyzing a history of utility invoices, exploring what rates you should be paying, and implementing green energy practices, operators can drive down utility costs without negatively impacting the comfort of their hotels or quality of the guest accommodations. READ MORE

In the current state of fitness in the hospitality industry it is not enough to offer a bare bones non-staffed fitness center consisting of a select few pieces of exercise equipment. To set themselves apart, hotels must now reinvent the whole concept of the hotel fitness center, shying away from the old concept of creating an environment where the avid fitness enthusiast can supplement their at-home workout and try to draw in a new demographic of guests many of whom are intimidated by the traditional gym setting. READ MORE

The outlook for the coming years show countries such as India, Brazil, China & Russia having the largest impact on the consumer market. China is the largest population in the world and recent statistics indicate that 1 out of every 6 people on earth are living in China. This will have a drastic effect on the travel industry and the luxury market. Analysts also forecast that China will be the world's most important luxury market by 2011. As more products become available to more people, the pressure increases to offer something truly special. READ MORE

From the looks of it, doom and gloom seem to surround us at every turn. We hear and read about the downturn in the economy in the newspapers, on the evening news, from the Sunday morning "talking heads", at cocktail parties and business events, around the water cooler and even in supermarket tabloids. This economic downturn is affecting every industry - including the hospitality industry. More and more hotel owners may begin to find themselves in financial turmoil and may have to turn to bankruptcy as a solution to a very difficult set of circumstances. READ MORE

Some soar 30 stories high. With banks of elevators around the perimeter. Towering palms or pines or lush flowering tropical plants. And "surround-sound" and showcase lighting. Others are much more reserved and sedate. Elegant, with exotic Persian rugs, expensive tapestries and museum quality artifacts. While others tastefully blend accents of marble and onyx with clean, contemporary furnishings. Whether you favor grandiose atrium style lobbies, smaller, club-style lobbies or scaled-down, simplistic but ultra-sleek foyers, one thing is certain: lobbies have the power to charm, dazzle and entice you... luring you in and seducing you to stay. Guests' impressions of what they are about to experience both start and end with the hotel lobby. That's why lobby design - the visual images, the total sensory experience - is so important. READ MORE

Have you ever had an annual review and was surprised at the fact that your performance was not up to par? Have you ever given an annual review to a surprised and disappointed employee? All too often employees have no idea how their managers see them or what they can do to improve until it is too late. This practice of yearly or semi-yearly reviews that are subject to surprise is quite ineffective and uninspiring. Ongoing coaching is the perfect remedy. Many managers believe that they already coach, but all too often their idea of coaching is telling people what to do. Good coaching utilizes a specific set of questions and inspires self-discovery, resulting in employees taking personal responsibility for their behavior. READ MORE

More than ever the spa industry has embraced technology to create better guest experiences and maintain more efficient business operations. In this article, we look at what a spa operator should know and ask before deciding which spa software platform would be best for his or her spa. The key message here is to be prepared before you go shopping. READ MORE

The competitive environment in the hotel industry is undergoing increasing change. Beyond mergers and consolidations, hotel and management companies are seeking to leverage their existing brand portfolios through "brand extensions" or "co-branding" relationships, particularly in the luxury segment of the market. These new relationships will almost certainly have an impact on the so-called territorial restriction provision commonly found in a management agreement - the provision that most often dictates if, and how, a hotel operator can compete with a hotel owner. In considering what that impact might be in this evolving legal landscape, owners and operators should ask themselves three basic, but critically important questions. READ MORE

Bamboo is one of, if not the fastest growing plant on earth and wherever it grows it's been used as building material for as long as humans have been building. But now that it's been certified that properly treated Structural Bamboo meets international building codes, bamboo has become one of the fastest growing structural building materials in the worldwide sustainable construction industry. The largest modern bamboo building built so far: 55,200 Sq Ft. The International Code Council (ICC) certified in 2004 that Structural Bamboo Poles produced by Hawaii-based Bamboo Technologies comply with International Building Code (IBC), International residential Code (IRC) and Uniform Building Code (UBC) standards and since then over 100 building-code compliant bamboo structures used as homes and vacation resorts have been pre-fabricated and shipped from the BT factory in Viet Nam to be re-assembled on sites all around the world. READ MORE

Because parking is not a core focus in the hospitality industry, the strategic planning and analysis often found in other areas of hotel management are rarely found in parking operations. There is a tremendous opportunity to improve overall effectiveness and financial performance in every phase of the hotel life cycle. In this article we explain some of the mechanisms for improving your operation through strategic management of your asset. With the industry facing such challenging times, hotel parking is an unexplored area ripe for the financial gains desperately needed by most properties. READ MORE

There are certain catchy phrases that seem to be automatic in service delivery. The problem is that they are automatic. How do the words we choose and the phrases we say impact the service experience? Are these expressions mundane collections of words provided to or thought of by employees as simple solutions to common situations? Or could they be opportunities to capture the attention and favor of guests who want to be surprised and delighted? Words and expressions can make a powerful difference in how guests perceive messages and communication. READ MORE