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USALI Changes Offer New Benchmarks for Hoteliers

USALI Changes Offer New Benchmarks for Hoteliers

Every 10 years or so, the Financial Management Committee (FMC) of the American Hotel & Lodging Association revises the Uniform System of Accounts for the Lodging Industry (USALI). The USALI serves as the industry standard for reporting hotel revenues and ...

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Hospitality Financial Leadership: Making the Numbers Matter

Hospitality Financial Leadership: Making the Numbers Matter

The finances of your hotel should be as important as guest service and colleague engagement. You are probably thinking that’s pretty obvious, right? The financial performance is equally, or most would argue, even more important than service or colleague engagement. ...

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Reviewing Upper-Midscale Hotel Performance

Reviewing Upper-Midscale Hotel Performance

The largest chain scale in the United States is made up of hotels in the upper-midscale segment. Comprised of 9,100 hotels with almost 900,000 rooms, upper-midscale properties represent 18 percent of all hotel rooms and 26 percent of all chain-affiliated ...

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2016 Hotel Performance Still Backed by Digital

2016 Hotel Performance Still Backed by Digital

NEW YORK—Consistent with Q1 2016, hotel industry performance is continuing to strengthen, with Q2 2016 revenue per available room (RevPAR) increasing 3.8 percent year-over-year. According to data from TravelClick’s North American Distribution Review, bookings through online travel agents (OTAs), hotel ...

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Radisson at Star Plaza Closing for New Complex

Radisson at Star Plaza Closing for New Complex

Merrillville, Ind.—The Radisson at Star Plaza and the adjacent Star Plaza Theatre complex, which has been an icon of the Merrillville community and Northwest Indiana for decades, will be permanently closing its doors in the coming months to make way ...

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