Tag: budget
The Margin Defense Strategy: Why Operational Efficiency is Your Competitive Advantage
It’s budget season, and if you were among the leaders at The Lodging Conference in Phoenix last month, you heard the same sobering message:...
AHLA Applauds Passage of Budget Resolution
WASHINGTON, D.C.—American Hotel & Lodging Association (AHLA) President & CEO Rosanna Maietta issued the following statement applauding Congress for passing the budget resolution.
“We commend Speaker...
Budget Distributions: Investing in Teams and Technology
As the world enters 2022, many hotel ownership groups are directing marketing budgets to remain flat compared to 2021. With most media costs higher,...
Budgeting for Mobile Key: Operating Expense or Capital Expenditure?
Mobile keyless entry is becoming a hotel industry standard. Every major hotel brand has a mobile key initiative in place. From REITs to independent...
Hoteliers Overestimated 2016 Performance
From 2010 through 2015, U.S. hotels enjoyed above long-run average revenue and profit growth. Over the six-year period, total operating revenue increased at a...