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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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Ramble Hotel to Open in Denver’s RiNo Neighborhood

Ramble Hotel to Open in Denver’s RiNo Neighborhood

DENVER—The Ramble Hotel, an independently owned, three-story hotel, will open in late 2017 with 50 guestrooms; an intimate theater and bar; flexible meeting space; a small retail outlet; an outdoor courtyard; an independently owned restaurant; and a marquee lobby bar, ...

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Element Huntsville Opening in 2017

Element Huntsville Opening in 2017

Huntsville, Ala.—At a special event, plans for the formerly vacant top floors of the Westin Huntsville were just revealed. Element Huntsville, from the high-end brand of boutique hotels by Starwood, will open on floors 7-11 as a separate extended stay ...

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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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