eTip Platform Adds Cashless Tip Payouts for Restaurant Workers
Category: Back of House, Food and Beverage
eTip announced it added instant cashless tip payouts for restaurant workers to its platform. With this new feature, eTip allows food service establishments to provide real-time, cashless tip payouts directly to their employees’ existing bank accounts. U.S. diners are carrying less cash, which presents a dilemma for restaurants and food service businesses. While credit card transactions are more convenient for customers, with 75 percent of U.S. diners preferring to pay by card, tips made on
CoStar: U.S. Hotel Labor Costs Reflect Normalized Business Mix
Category: Featured, Finance, Finance & Development, Market Reports
WASHINGTON—A recent increase in U.S. hotel labor costs reflects a normalizing business mix and significant gains in group demand, according to September year-to-date P&L data from CoStar. U.S. Hotel Performance September 2023 YTD Per-Available-Room Metrics (Percentage change from September 2022 YTD)GOPPAR: $75.74 (up 6.2 percent)TRevPAR: $208.34 (up 8.6 percent)EBITDA PAR: $52.95 (up 5.1 percent)LPAR (Labor Costs): $69.36 (up 13.1 percent) “September labor costs were higher than the summer months even though overall demand was lower.
Commonly referred to by many as the ‘darling’ of the hotel industry in recent years, the extended-stay segment has risen to new heights on the strength of widespread growth and stellar performance outpacing all other chain scales. Demand continues to grow at unprecedented levels for the segment, which was established some 30 years ago and has upped the ante for both large brand companies and owner/operators looking for increased profitability. Demand for extended-stay lodging is
This Week’s Comings & Goings
Category: Comings & Goings, People
McNeill Investment Group named Annie Mulvanny as its new vice president, investments and asset management. Mulvanny will contribute to the current expansion of the firm’s investment management platform. KSL Resorts announced the addition of Frank Rodgers as global sales director. Overseeing leisure sales, the wholesale market, consortia, and tour groups, Rodgers will play a role in the company’s overall sales strategy. Green Park Management named James Lalanne general manager of the Aloft Fort Lauderdale Airport,
The Evolution of Key Control
Category: Featured, Operations, Supply Line
Managing the distribution and availability of hotel keys to staff is a basic but sometimes underappreciated aspect of building security. Speaking with LODGING, Tim Purpura, VP global sales & marketing, Morse Watchmans, explained how far tech-enabled key control has come in recent years. Founded in 1882, Morse Watchmans has made several advancements in key management in recent decades, beginning with the introduction of the KeyWatcher in 1993. The first standalone key management system, the KeyWatcher
