Hospitality Net

MAY 3, 2024

This report highlights the key trends in the Indian hospitality industry in 2023 along with the sector performance metrics, brand signings, and brand openings during the year. It also provides our outlook for the sector for 2024.

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Food Safety Tech

FEBRUARY 27, 2024

The USDA Food Safety and Inspection Services (FSIS) has released a summary of outbreaks investigated during FY 2023. In 2023, FSIS investigated six outbreaks in coordination with local, state, and federal public health partners. The post USDA FSIS Releases 2023 Foodborne Illness Outbreak Report appeared first on FoodSafetyTech.

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Hospitality Net

JUNE 6, 2024

An analysis performed by CBRE in April 2023 found that total hotel revenue increased by 153% from 2020 to 2022, while Gross Operating Profits (GOP) grew by 437%. Prior research conducted by CBRE Hotels Research revealed that hotel management companies were rewarded handsomely as the U.S. lodging industry recovered from the COVID-19 pandemic.

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Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. In 2023, we can anticipate businesses really focusing in on value and doing what they can to attract and retain both employees and guests. For part one, click here.

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Modern Restaurant Management

DECEMBER 29, 2022

Here are six things I see coming in 2023: Labor pressure is easing, but operators are still looking for labor management. A likely recession in 2023 is already leading consumers to cut back on restaurant spending. Technology acquisitions will drive consolidation, which coincides with demand from operators.

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Modern Restaurant Management

DECEMBER 22, 2022

Where do you see the most potential for robotic use in 2023? In 2023, restaurants will focus on scaling and adoption. What’s next for Miso?). We are past the point where it’s a question if robotics and automation are going to be implemented, but rather where in the kitchen.

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Total Food Service

DECEMBER 4, 2023

Advertisements The Total Food Service December 2023 Digital Issue features exclusive Q&A Interviews with influential chefs, hospitality trendsetters, and foodservice operators, as well as the latest foodservice industry news on products, trends, associations, and events. For your free monthly subscription, sign-up here.

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Hospitality Net

MAY 8, 2024

An analysis performed by CBRE in April 2023 found that total hotel revenue increased by 153% from 2020 to 2022, while Gross Operating Profits (GOP) grew by 437%. Prior research conducted by CBRE Hotels Research revealed that hotel management companies were rewarded handsomely as the U.S. lodging industry recovered from the COVID-19 pandemic.

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Fast Casual

FEBRUARY 9, 2024

Placer.ai's Lila Margalit dives into the data behind Shake Shack and Wingstop to reveal why they performed so well during the final quarter of 2023 and what lies ahead for them in 2024.

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Food Safety News

JANUARY 30, 2024

In 2023, the Chinese Center for Disease Control and Prevention (CDC) investigated 505 reports of mushroom poisoning, resulting in 1,303 patients and 16 deaths. Collybia subtropica, Russula brevispora, Russula flavescens, and Russula pseudojaponica were newly described species in 2023.

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Modern Restaurant Management

NOVEMBER 28, 2022

Come 2023, it will be increasingly important for restaurants to factor technology into their budgets to adapt to the changing economic landscape and better meet consumer demand. In 2023, consumers will be more cost-conscious due to inflation and limited wallet share. However, when the pandemic hit, people were less sensitive to prices.

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Hospitality Net

OCTOBER 16, 2023

hotel fundamentals softened in Q2 2023 as more Americans travelled overseas and inbound international travel recovered only modestly. We expect modest RevPAR growth for the rest of 2023 and early 2024, fueled by improved business and group travel and an increase in international visitors.

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FoodDocs

JUNE 7, 2024

We analyzed the 2023 FDA food recalls in the Food & Beverage category and broke down the most common recall reasons, recall frequency patterns, and more.

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Hospitality Net

OCTOBER 31, 2023

in September 2023, which was the strongest year-over-year (YoY) growth of the quarter, even as occupancy continued to decline modestly. hotel revenue per available room (RevPAR) rose 2.9%

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Hospitality Net

FEBRUARY 1, 2024

The Boston/Cambridge lodging market ended 2023 at 76.4% more rooms in 2023 compared to the prior year; 0.6% occupancy, a 6.8% variance over 2022’s 69.6%. This 6-point increase in occupancy is a result of the market accommodating 8.6% more rooms occupied as compared to 2019.

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Hospitality Net

JANUARY 26, 2024

Indian Hotels Company (IHCL), India’s largest hospitality company, marks yet another year of accelerated portfolio expansion in 2023 with 32 new hotels signed and 18 new hotels opened. Reinforcing its position as a leader in the hospitality landscape, IHCL’s portfolio at 285 hotels includes an industry leading pipeline of 85 hotels.

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Hospitality Net

JUNE 3, 2024

The 2022 vintage was of outstanding quality and its release in the spring of 2023 followed several years of rising prices. In this context, the pricing of the 2023 Bordeaux en primeur wines is being watched closely. For the châteaux, setting the right price is a real balancing act.

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Hospitality Net

APRIL 8, 2024

According to BCD Travel’s Cities & Trends 2023 United States edition, Europe accounts for seven of the 10 most visited intercontinental cities for American business travelers, with London being the most popular. The report is based on BCD flight and car rental data in 2023 in the U.S.

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Hospitality Net

NOVEMBER 3, 2023

The current market has seen RevPAR and overall revenue in the 12 months ending June 2023 reach a historical peak, just three years from the initial decline. Prior declines due to economic and business “black swan” events required four to eight years for RevPAR to recover.

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Hospitality Net

FEBRUARY 13, 2024

In 2023, we witnessed our industry make an extraordinary shift from resilience to flourishing, we all wrapped our heads around the explosion of generative AI and accompanying technology innovations, and we continued to relish the opportunity to meet in person.

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Hospitality Net

OCTOBER 31, 2023

Findings from the Cushman and Wakefield Operator Beat 2023 indicate that capital cities throughout Europe continue to hold their allure for operators, with the recent addition of Vienna to this esteemed list. Notably, City markets in France, Germany, Benelux, and Turkey have experienced a surge in operator interest since 2021.

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Hospitality Net

MAY 9, 2023

One quarter of the way through 2023, industry results reflect a shift in mindset to a true post-COVID environment, with 2.8% demand growth and 7.8% ADR growth leading to respectable 10.4% RevPAR growth year over year.

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Total Food Service

DECEMBER 8, 2023

Independent restaurant owners and operators report lower profits amid an increase in business The James Beard Foundation ® recently announced the findings of its 2023 Annual Industry Report , providing a data-driven look at the current state of the independent restaurant industry. Only 16% of respondents did not raise wages.

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Fast Casual

DECEMBER 27, 2023

The holidays are upon us and 2023 is almost over, which means it's time for us to reveal the year's most-read stories.

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Modern Restaurant Management

DECEMBER 21, 2023

In 2023, we saw sellers increasing throughput utilizing the “experience creates consumption” strategy and we predict an increase in draft program profitability in 2024 as more on-premise professionals embrace the needs of the highly coveted craft beverage loyalists.

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Hospitality Net

JUNE 16, 2023

London, June 16, 2023 – Europe experienced healthy hotel investment activity with €4.1 billion transacted in Q1 2023, according to global real estate services firm Cushman & Wakefield. This represents an 18% increase on Q1 2022 despite high financing costs and economic and geopolitical concerns.

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Hospitality Net

APRIL 15, 2024

Hilton revealed its 2023 Americas Development Awards which recognize the achievements of owners, development partners, and hotel teams in the Americas across several categories.

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Hospitality Net

FEBRUARY 26, 2024

In 2023, outbound travel registered double-digit growth year-on-year, marking another big step in returning to the travel volume of 2019. Compared with 2022, this was a 33 per cent increase, only 12 per cent short of the base year level before the pandemic.

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Hospitality Net

APRIL 4, 2024

High inflation and consequential rises in interest rates had major impacts on investment markets throughout 2023, including slowed hotel transaction activity in Europe. There were 6% fewer transactions than in 2022, indicating that the average price per room was also down in 2023. Reaching €10.7

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Hospitality Net

JUNE 9, 2023

Specifically, April 2023 demand was down 1.2% hotel demand declined year over year for the first time since February 2021, which if you recall, was the last month with a pre-pandemic comparable the prior year. from last year, leaving occupancy at 64.4%.

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Hospitality Net

JANUARY 28, 2024

The popularity of nature getaways is also apparent through Airbnb’s top Instagram posts of 2023, featuring stays immersed in lush woodland and situated on stunning coastlines. According to our recent trend forecast for 2024, national parks, amazing views, and beach categories rank amongst the top booked categories for the year ahead.

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Hospitality Net

JULY 18, 2024

Hotel Pipeline June 2024 (percentage change from June 2023) CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.U.S.

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Hospitality Net

MAY 9, 2023

For the first time since the onset of the COVID pandemic, CBRE is forecasting the 2023 aggregate revenue per available room (RevPAR) for the nation’s 65 major markets to return to 2019 levels. In 2022, RevPAR recovered nationally but continued to lag in the major markets. through New York.1

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Burkett Restaurant Equipment

DECEMBER 8, 2023

Whether they’re seasoned restaurateurs or passionate home chefs, finding... The post 2023 Holiday Gift Guide For The Home Chef appeared first on Burkett Restaurant Equipment. And what better way to spread cheer than with the perfect kitchen-inspired holiday gift?

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Hospitality Net

FEBRUARY 15, 2024

M3”), North America’s #1 provider of accounting software and services, has been awarded Most Innovative Cloud-Based Financial Platform 2023 - North America in the 2023 Technology Innovator Awards. M3 Accounting Solutions, Inc. (“M3”),

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Hospitality Net

FEBRUARY 6, 2024

Curacity, a hospitality technology company with an award-winning guest acquisition platform, is proud to share "Curacity Booked," a wrapup of its 2023 performance results. The company’s innovative approach led to a banner year, with the platform driving more than $300 million of revenue to its hotel partners in 2023.

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Hospitality Net

JANUARY 4, 2024

As we reflect back on the year 2023, we want to share the articles that resonated most with our readers on Hospitality Net throughout this past year. We’ve curated a list of the most engaging opinion articles on our website.

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Hospitality Hospitality 110