HOTEL BUSINESS REVIEW

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Arthur Weissman

This article discusses the overall benefits for hotel owners and managers of partnering with their local jurisdiction to promote sustainable tourism. Such a partnership goes beyond the typical relationship with the city's CVB in that it directly includes city departments and ideally the mayor's office. The partnership may take many forms; the type expounded on in this article is based on promoting environmental certification by a third-party to tout the hotels' and city's sustainability credentials. The city's support may come in the form of in-kind service and promotion or actual grants to subsidize program costs, such as for certification fees. READ MORE

Paul van Meerendonk

There's arguably no other four-lettered word that has made quicker—and more impactful—moves in the hospitality industry than “data” has. With the ascension of the Internet igniting a brisk evolution of big data, the hospitality industry now orbits within an increasingly interconnected and technologically-savvy world. Keeping ahead of the curve in the midst of the Internet of Things (IoT) means hotels are not only evolving in how they meaningfully connect with their guests, but they also have to develop short- and long-term revenue strategies to capitalize on the new industry data and insights available to them. READ MORE

David Lund

Do your hotel financial statements give you the information you need to effectively manage your hotel? Are you able to see if your profits are where they should be in an enhanced top line statement? Do your statements measure flow thru? Do you record your rooms business by proper segments and track the rooms occupied, rate and revenue in each segment? Do you record customers served in F&B and do you separate meal periods? Do you record liquor, beer, wine and mineral sales on your financials separately? Do you measure labor productivity in your financials? Do you record hours of work in your financials? Do you have payroll segmented by management and hourly classifications? Do you have a separate supplemental payroll and benefits statement? Do you track arrivals and departures? READ MORE

Deborah Popely

Water scarcity has been identified as among the top five global business risks in the next ten years. Tourism is recognized as a high water-use industry and hotels are some of the most water-intensive operations in the industry. Water scarcity disproportionately affects hotels since some of the most popular tourism destinations are in water-stressed areas, driving up utility costs and creating other challenges. For this reason and other reasons, reducing dependency on fresh water and making the best use of existing supplies makes good business sense. This article explains how hotels can respond to the looming water crisis by incorporating some low-cost best practices and strategies that have proven to save money and generate a return on investment. READ MORE

Wendi Gelfound

Steeped in myth and legend, the ancient springs at Ojo Caliente Mineral Springs Resort & Spa, 60 miles north of Santa Fe in Ojo Caliente, New Mexico, have been a gathering place and source of healing for thousands of years. The use of the waters can be traced back to the earliest human migrations in the region, when ancestors of today's Tewa tribes built large pueblos and terraced gardens overlooking the springs. Now, ruins of these ancient cities are marked by the shadows of walls and a sprinkling of potsherds. READ MORE

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