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ZERO-BASED BUDGETING is essential for hotels amid near- and long-term volatility, according to a blog from HotStats. The blog also suggested that hoteliers need to turn to other futureproofing or future-cushioning methods. In a recent blog post, Michael Grove, COO, HotStats said that zero-based budgeting, a method of budgeting in which all expenses must be justified for each new period starting from a zero base, is very necessary given the fluidity of the global economy and, ultimately, its impact on hotel operations. At the recent 2022 M3 Partners meeting, Grove first illustrated the pandemic's effect on worldwide profits and how it's changed the landscape. "It's worth reminding ourselves of the importance and magnitude of the U.S. hotel industry's share on the global scale, which has only grown during the pandemic," Grove said in the article. According to the blog post, almost half of global profits are produced in the U.S. and that share only rose as the pandemic slackened. "A massive 47 percent of hotel profits are achieved in the U.S., up 6.6 percentage points since 2019, the result of myriad variables, including a large domestic market and staycation trend," Grove said in the post. "Meanwhile, severe lockdowns and restrictions in Europe and Asia-Pacific sent their percentages down as the Middle East received a boost in the fourth quarter 2021 from Expo 2020 in Dubai."

HOTEL OWNERS MUST treat young associates better as labor is the hot-button issue in the hospitality industry, according to a blog post by HotStats. Increasing wages for entry-level work and promoting career advancement are also vital toward attracting young talent, it added. The blog post said that total payroll on a per-available-room basis is still around two times less in 2021 compared to 2019, according to HotStats data. Year-to-date October 2021, total payroll PAR in the U.S. is $43.46 compared to $85.86 two years ago. "Not only should a hotel care about customers, its number one target market is internal associates," said Leora Halpern Lanz, assistant dean, academic affairs and associate professor of the practice at Boston University's School of Hospitality Administration, in the blog. "If they're treated well, word gets out that it's a good place to work. The industry needs to evaluate why people are working 14-hour days because they're being worn down. There has to be an element of work/life balance." Kyle Allison, host of the Hospitality MD podcast, said that the hotel industry needs to tweak its legacy messaging.

The fun journey- Travel, explore and feel the new excitement with the Car Travel by Tirupatiholidays. The Tour journey starts from the state's capital, Jaipur. Rajasthan Tour Packages are also available with the car services and many other additional services. For booking this Tour Package or for any other details contact us at http://www.tirupatiholidays.net/blog/experience-the-best-car-journey-in-rajasthan

The fun journey- Travel, explore and feel the new excitement with the Car Travel by Tirupatiholidays. The Tour journey starts from the state's capital, Jaipur. Rajasthan Tour Packages are also available with the car services and many other additional services. For booking this Tour Package or for any other details contact us at http://www.tirupatiholidays.net/blog/experience-the-best-car-journey-in-rajasthan

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THE OMICRON COVID-19 variant could derail the hotel industry's fledgling recovery if countries like the U.S. move forward to tighten testing policies, according to HotStats. Future hotel bookings, meetings and other hotel-related activity will be impacted by the expectation of travel impediments, whether self-imposed, company-imposed or government-mandated, it added. In the U.S., major indices were still down double digits in October 2021 compared to same month two years ago, according to a blog post by HotStats. "Since a rapid uptick in occupancy from the beginning of the year through the summer, hitting an apex in July, occupancy in the U.S. has since more or less flatlined, a signal that the leisure boom could not be sustained at the same levels prior," said HotStats. "Though much maligned, there is propitious data surfacing in corporate travel. In October, corporate ADR was $7 higher than in October 2019 and $35 higher than in the previous month. Corporate volume mix, defined as the proportion of rooms sold at the corporate rate compared to total rooms sold, has grown 6 percentage points since July."

MONITORING GOPPAR PERFORMANCE allows hoteliers to make smart decisions about running their business as they consider all revenue streams and cost variables, according to HotStats. The focus should be on maximizing profit rather than just increasing revenue. GOPPAR is calculated by taking total revenue, subtracting total departmental and undistributed expenses, then dividing by the total number of available rooms, according to a blog post by HotStats. GOPPAR index measurement gives guidance about why a hotel is either outperforming or underperforming its direct competitors, allowing a hotel owner to make critical changes to improve business, it said. In February, GOPPAR for U.S. hotels was down 33 percent compared to February 2019, whereas RevPAR was down 26 percent for the month. It provided evidence that costs were eating farther into the P&L in February.

When you think of Chicago, what comes to mind? Deep-dish pizza and the Willis Tower, perhaps? While there's no question that these activities are staples, they're only part of the fun! After all, Chicago is a city bursting with culture, entertainment, and unique experiences. Ready to explore this vibrant metropolis like never before? If so, then you've come to the right place. In this blog post, we'll be sharing seven fun and unusual things to do in Chicago-from exploring its hidden gems to testing your courage on some extreme attractions. So if you're ready for an adventure unlike any other, let's get started!

THE PERFORMANCE OF U.S. hotels ended strong in the first quarter with March profit surging across most global regions, according to HotStats. The research firm said stronger revenues, better conversion rates and less worry by travelers about a COVID upsurge drove the first quarter surge in performance. During the quarter U.S. hotels saw an increase in its operating fortunes, according to a blog post on the HotStats website. GOPPAR in March 2022 was up $70 over January 2022 and at $90 was closing in on March 2019's level. It was the highest profit month in the U.S. since February 2020, the last normalized month of performance before COVID-19 reframed the world. ADR growth in the U.S. led the way in recovery with March ADR on a nominal basis was at its highest level since October 2018.

When buying any vehicle, consideration of the buyer's anticipation of the vehicle is typically one of the factors that go into effecting his verdict as to choose for an SUV or a smaller vehicle as per his necessities. Choose on where to purchase your vehicle from. With Used Cars for Sale there are primarily two main avenues of purchase - Dealers and Private parties.

When You Visit Dubai Do Not Forget To Visit Authentic Arabic Restaurant As They Can Deliver The Real Taste Of Emirates Since No Tour To Dubai Is Complete Without Its Local Food.

You Can Say That France Has Famous 5 Spots Which Attracts Majority Of Tourist From All Over They Are, The Eiffel Tower, Notre Dame, The Louvre, Palace Of Versailles And Lyon, The Capital Of Gastronomy.

Immigration Departments Are Frequently Changing The Immigration Laws For The Foreign Residents Visiting UAE, So It Is A Good Practice That You Check Updated Laws And Guideline Before Visiting Country.

Have you ever wanted to go to Dubai Desert Safari and if answer is yes than your first step is to get the Dubai Tourist visa and start your journey towards adventure.

Contact us to get your Dubai Visa Instantly without any Proof of accommodation and Flight Booking and we will get things done for you.

Contact us to get your Dubai Visa Instantly without any Proof of accommodation and Flight Booking and we will get things done for you.

Dubai is very strict when it comes to Immigration laws. They have very severe punishments who found traveling in DUBAI without proper authorization. So we kindly ask our tourist to get proper DUBAI VISA based on your purpose of trip.

India is a country whose innumerable diversities make her unique. The country with a huge diversity in cultures, casts and traditions is densely populated all over. We always look to find peace and isolation so visiting India is an ideal choice for serenity. Here are 6 most remote places in India to disconnect from the ...

If you want to apply for a Business Visa, Foreigners needs a sponsor (an Employer or UAE resident) to put together the application for them. All Visa applications should be presented to the closest embassy of the UAE in your country of residence.

If you want to apply for a Business Visa, Foreigners needs a sponsor (an Employer or UAE resident) to put together the application for them. All Visa applications should be presented to the closest embassy of the UAE in your country of residence.

You need to get the French Schengen Visa before you visit the Pink City of France. A world Class city with the historic background. Showing the true spirit of France.

Photography is one of the most outbound hobbies in the current times. Why people enjoy being a photographer is because it brings out your creative side, it is fun, it gives you tremendous opportunities to explore and above all you get to play with hi-fi gadgets and technology.