HOTEL BUSINESS REVIEW

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Steven Belmonte

The consumer marketplace is being transformed by a generation of socially-aware individuals who would like to see companies they patronize and work for take the lead in making the world a better place. Surveys have long validated the growing power of the baby boomer generation, and businesses should not dismiss those unique wants and needs. On top of that, the younger Generation Y members are voicing their desire to embrace causes they are passionate about. To the hotelier, this means that guests and employees want a promise of social vision and to be a part of a brand that advocates social improvement. READ MORE

Tom LaTour

In the past five years, the fractional ownership buzz has been amplified within the luxury space -- and throughout popular culture as well (nee Hard Rock "condotels"). The result of this attention? Resort owners and developers around the world are tapping into the fractional ownership trend. By all indications, there's a paradigm shift occurring away from hotel rooms and more toward luxury vacation lifestyle experiences. Consequently, these new ultra-luxe fractional resorts are catching the eye of developers and investors alike who want to be well positioned when the economy regains its strong footing and luxury consumers start flexing their buying power again. READ MORE

Jed Heller

A well conceived and executed marketing strategy can be the key success factor for small hotel owners, whether the property is privately owned or a small franchise within a large chain. In today's uncertain economy, many hotel owners are rethinking their marketing strategy and re-evaluating the magnitude of their financial investment as they can't afford to waste their limited funds allocated to marketing. But, they can't survive without a marketing investment either. Logic dictates that owners must get the biggest bang for their buck with their marketing spending. READ MORE

Joanna Harralson

Whether your property has a morning coffee n' croissant cart or a more extensive food & beverage take-out venue, are you certain that the correct safeguards are in place to protect your profits? Here are some questions that could uncover weaknesses that can result in your venue's bottom line being compromised. READ MORE

Steve Kiesner

In the short term, using natural gas and electricity more efficiently is vital. For the lodging industry, energy conservation is a well-recognized element in lowering costs. On average, America's 47,000 hotels spend $2,196 per available room each year on energy, according to the U.S. Environmental Protection Agency (EPA). There are also a number of quick and easy steps your company can take right now to step up its control over energy use. These are probably already second nature to you, but here are 10 no- or low-cost ideas to start saving energy today: READ MORE

Dennis M. Baker

Companies look to utilize diverse-owned suppliers for a variety of reasons ranging from regulatory requirements to constituency expectations to deep-seeded corporate philosophies. As a provider of supply chain management services to the hospitality industry, Avendra has developed an approach to building relationships between customers and diverse-owned businesses that seems to work for all parties. In order to set up, maintain and monitor a successful supplier diversity program, we believe there are three vital steps. READ MORE

Naseem Javed

There are three types of business names, Healthy, Injured or on Life-Support. Corporations must know the hidden the powers of their names. Each business name has several components often invisible to marketing executives and these characteristics and split personalities determine the success or failure of a name. To measure the effectiveness of a name or to see how much extra luggage a name is burdened with, following are the guidelines for a general check up. READ MORE

Steven Belmonte

For the hotel franchising industry, friendships are most keenly important not with one's workers or lenders, or even with the employees and executives of one's franchise company. Indeed, the most important bonds are to be formed with other entrepreneurs who have cast their lots with that particular franchise company and figuratively or in reality hoist the same franchise flag every morning in order to properly welcome weary travelers to the inn. For it is they who know best the struggles and obstacles to success faced 365 days a year by a hotelier in a franchisor/franchisee relationship. And it is they who are the most likely sources of information and problem solving that eventually can lead to enhanced bottom lines and the attainment of success in the hotel industry. READ MORE

Steven Belmonte

There is no longer a day that passes in which I don't receive a phone call, e-mail or letter from a hotel owner who has a large number of concerns about his or her relationship with a franchise company. Actually, sometimes it is just a prospective hotel owner, but whatever the case, it is always someone who has found frustration and confusion. The source of their problems is the contracts already entered into (or about to be entered) between them and the hotel franchise company. Whether I am in my office or attending a hotel-industry event, the conversation invariably is about problems that crop up between a hotel franchise company and a hotel owner. Inference should not be drawn here that the problem in these matters has anything at all to do with devious franchise companies. While all of them are in the business of making money, none would survive for very long if they engaged in practices that are dishonest, unfair or morally bankrupt. So, it is clear that the problem is not that franchise companies are out to cheat potential and current franchisees. Precisely, the problem is that the franchise agreement is an intricate document designed to deal with as many situations as possible in favor of the side that draws up the contract-namely, the franchise company. READ MORE

Edward Donaldson

In the world of hotel consortiums, a brand is only as good, or in the case of Small Luxury Hotels of the World, as great, as its member hotels. In order to maintain the supreme quality and service that makes a "Small Luxury Hotel stay" an unmatched travel experience, SLH employs stringent processes for evaluating both prospective hotels and existing member hotels. When guests look through the beautiful color directory of our hotels, they expect and deserve a guarantee that all 300 plus properties across the globe will deliver the same high level of service and quality. To that end, the evaluation process for admitting new members involves a deep consideration of how the prospective hotel fits with and enhances the SLH brand. I will take you through the process of becoming a member of one of the elite hotel memberships in the world and provide you with an insight into how we choose our new hotels, as well as ensure that our existing members continue to meet the lofty SLH standards. READ MORE

Robert Trainor

You don't have to be very old to remember a time in the hospitality industry when baptism by fire was considered a rite of passage for kitchen staff. There were no training sessions, no orientation periods, and you were probably lucky if the top chef actually told you where the salt was. Too often, hazing and public humiliation were the "training tools" of choice. Many chefs thought: "Hey, I went through it and came out just fine. Why shouldn't my staff?" Today, that environment is fast becoming extinct. Kitchen employees and many in the top corporate offices of the hospitality industry have all arrived at the same business-building conclusion: Satisfied, motivated employees are productive, loyal employees. Today's cooks are not only concerned with the cuisine and what they can expect to learn from the chef; they are also interested in paying off student loans, health insurance coverage, 401k plans and a balanced personal life. So how does an executive chef attract and keep good people? How can we inspire, educate and motivate our staff while keeping true to our main objective of creating a dining experience and operating a profitable business? READ MORE

Tyler Tatum

I found a little secret about energy cost in your hotel rooms. Did you know that 30% of the energy cost in your property is used by your HVAC units? Did you know that you could reduce the energy consumption of your HVAC unit just be keeping it clean? Once clean, your guest complaints will go to zero, and you will be shocked at how many guests show up at your property. You may ask why I am so excited about this idea. First, I hate that moldy smell that hits me as I walk into the majority of the hotel rooms I have visited. Second, I am all for any idea that has a 6-month ROI on energy savings alone. Third, this solution cuts down severely on the amount of perfumes and chemicals used in the room. READ MORE

Robert Trainor

For a long time, the hotel industry's interpretation of "vegetarian cuisine" was a sad selection of scantily seasoned grilled or steamed vegetables, or ethnic dishes denuded of their spices to make them more palatable to an American marketplace. Vegetarian cuisine was perceived as a time-consuming specialty that really had little place in the high-volume, bustling kitchens of a busy hotel industry. Changes in Americans' awareness of healthful cuisine, as well as the industry's movement toward spas in hotels, are creating a need for better-tasting, interesting and cost-effective vegetarian alternatives. Raw cuisine is an ideal solution. READ MORE

Steve Kiesner

For the lodging industry, energy conservation is a well-recognized element in lowering costs. With energy typically accounting for three to five percent of a hotel's total operating expenses, getting the most value out of every energy dollar can improve profitability. A comprehensive plan can lower energy use by up to 20 percent. America's electric companies encourage you to explore new ways to use energy more wisely. Power companies are promoting the wise use of electricity because it benefits hotels and all their customers. They are also doing so because it helps electric generating plants and transmission wires to operate more effectively. This can improve the reliability of electricity supplies, especially during peak electricity demand periods such as the summertime. Encouraging the efficient use of electricity also helps the power company to conserve natural resources and protect the environment. Many energy-saving measures cost little or nothing. But the returns could surprise you. Here are some easy-to-implement tips that can be put in use today... READ MORE

Edward Donaldson

As hotel guests in every sector of the industry, whether it is middle market or luxury, become more and more educated and discerning, there are two key elements that guests look for and will make a property stand out: personalized service and perceived value. Not only do guests want to feel special but they want to think they are getting value. In this case it is not necessarily about financial savings but about an experience worthy of those hard earned dollars. With the hotel industry beginning to show signs of an overall recovery and travel options abound, guest service and satisfaction will be critical elements in not only maintaining current guests, but attracting new ones. READ MORE

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