Today's Hotel Financial News http://www.hotelnewsresource.com Today's Hotel Financial News from Hotel News Resource en-us Hotel News Resource http://www.nevistas.com/nev_logo.gif http://www.hotelnewsresource.com support@nevistas.com IHG Reports Global Q3 Comparable RevPAR Up 2.3%, and Up 2.2% Q3 YTD https://www.hotelnewsresource.com/article96906IHG_Reports_Global_Q__Comparable_RevPAR__Up_______and_Up______Q__YTD.html https://www.hotelnewsresource.com/article96906IHG_Reports_Global_Q__Comparable_RevPAR__Up_______and_Up______Q__YTD.html In Europe RevPAR was up 7.1% in Q3, and 6.6% Q3 YTD. The UK delivered Q3 RevPAR growth of 4.0% with our brands driving outperformance in both London, up 3%, and the provinces, up 5%. Fri, 20 Oct 2017 14:09:19 EST Accorhotels Reports Like-For-Like Third-Quarter 2017 Revenue Up 6.4% to €504 Million https://www.hotelnewsresource.com/article96904Accorhotels_Reports_Like_For_Like_Third_Quarter______Revenue_Up______to___________Million.html https://www.hotelnewsresource.com/article96904Accorhotels_Reports_Like_For_Like_Third_Quarter______Revenue_Up______to___________Million.html Full-year 2017 EBIT expected at the upper end of the €460m to €480m target range Fri, 20 Oct 2017 13:55:47 EST LaSalle Hotel Properties Reports Third Quarter 2017 Results https://www.hotelnewsresource.com/article96900LaSalle_Hotel_Properties_Reports_Third_Quarter______Results.html https://www.hotelnewsresource.com/article96900LaSalle_Hotel_Properties_Reports_Third_Quarter______Results.html Excluding Key West, the Company’s third quarter RevPAR decreased 3.6% to $219.38, driven by a 3.6% decline in average daily rate to $243.31 and flat occupancy at 90.2%. Fri, 20 Oct 2017 13:33:47 EST Hoteles City Express Announces Third Quarter 2017 https://www.hotelnewsresource.com/article96892Hoteles_City_Express_Announces_Third_Quarter_____.html https://www.hotelnewsresource.com/article96892Hoteles_City_Express_Announces_Third_Quarter_____.html Reports Total Revenue Growth of 20.3% and Adjusted EBITDA Margin of 34.8% Thu, 19 Oct 2017 12:53:34 EST Hospitality Financial Leadership - Banquet Plate Covers - By David Lund https://www.hotelnewsresource.com/article96889Hospitality_Financial_Leadership___Banquet_Plate_Covers___By_David_Lund.html https://www.hotelnewsresource.com/article96889Hospitality_Financial_Leadership___Banquet_Plate_Covers___By_David_Lund.html As the Regional Operations Analyst in the mid-90s in the West, my boss and I reviewed the financial performance of all of our hotels pretty much on a quarterly basis. The reviews consisted of a trip to the hotel, a tour of any capital projects, and a sit down with the core executive team to review the financials. Thu, 19 Oct 2017 12:42:48 EST Baird/STR Stock Index Up 5.3 Percent for September 2017 https://www.hotelnewsresource.com/article96692U_S__Hotel_Stocks_Up_____Percent_for_September_____.html https://www.hotelnewsresource.com/article96692U_S__Hotel_Stocks_Up_____Percent_for_September_____.html The Baird/STR Hotel Stock Index increased 5.3% in September, closing the month at 4,318. Year to date through the first nine months of 2017, the index was up 16.6%. Mon, 9 Oct 2017 12:57:12 EST How Can You Turn $250 Savings into $1,000,000 In Asset Value - By David Lund https://www.hotelnewsresource.com/article96606How_Can_You_Turn______Savings_into____________In_Asset_Value___By_David_Lund.html https://www.hotelnewsresource.com/article96606How_Can_You_Turn______Savings_into____________In_Asset_Value___By_David_Lund.html That's right, your eyes and the headline are not fooling you. I learned this from a client in a backward kind of way and now I want to share it with you. It is a powerful way to justify and prove a return on investment (ROI) for financial leadership training. I use this story as well to show my clients what they are leaving on table in the way of profits and asset value if they are not using financial leadership in their hotel. Mon, 2 Oct 2017 15:00:38 EST Vail Resorts Reports Fiscal 2017 Fourth Quarter https://www.hotelnewsresource.com/article96555Vail_Resorts_Reports_Fiscal______Fourth_Quarter.html https://www.hotelnewsresource.com/article96555Vail_Resorts_Reports_Fiscal______Fourth_Quarter.html Net income attributable to Vail Resorts, Inc. was $210.6 million for fiscal 2017, an increase of 40.6% compared to fiscal 2016. Thu, 28 Sep 2017 08:27:03 EST The Third Pillar - By David Lund https://www.hotelnewsresource.com/article96516The_Third_Pillar___By_David_Lund.html https://www.hotelnewsresource.com/article96516The_Third_Pillar___By_David_Lund.html In the hotel business, there are three pillars: the guests, the colleagues, and the money. They are not equal. They are not equal because we ignore the third pillar and we do so at our own peril and out of a bad habit. Tue, 26 Sep 2017 12:59:54 EST Global Hotel Revenue Management - By David Lund https://www.hotelnewsresource.com/article96410Global_Hotel_Revenue_Management___By_David_Lund.html https://www.hotelnewsresource.com/article96410Global_Hotel_Revenue_Management___By_David_Lund.html Global is a big word and now that we have your attention I want to define global in a hotel setting. Global refers to all sources of revenue and their corresponding profit picture. A global perspective on revenue management yields the highest possible profit because we understand and apply a BIGGER view to our business. Tue, 19 Sep 2017 11:11:46 EST InnSuites Hospitality Trust (IHT) Revenues, Net Income, Cash and Net Income Per Share Grow https://www.hotelnewsresource.com/article96376InnSuites_Hospitality_Trust__IHT__Revenues__Net_Income__Cash_and_Net_Income_Per_Share_Grow.html https://www.hotelnewsresource.com/article96376InnSuites_Hospitality_Trust__IHT__Revenues__Net_Income__Cash_and_Net_Income_Per_Share_Grow.html InnSuites Hospitality Trust reported revenues of approximately $5.46 million for the six months ended July 31, 2017 compared to revenues of approximately $4.70 million for the six months ended July 31, 2016, an improvement of approximately $760,000 or 16%. Fri, 15 Sep 2017 11:44:13 EST Fibra Inn Reports 6.2 Percent RevPar Increase for August 2017 https://www.hotelnewsresource.com/article96298Fibra_Inn_Reports_____Percent_RevPar_Increase_for_August_____.html https://www.hotelnewsresource.com/article96298Fibra_Inn_Reports_____Percent_RevPar_Increase_for_August_____.html The 6.2% increase in Revenue per Available Room was due to a moderate increase of 4.3% in rates, which includes the effect of the average exchange rate appreciating by 3.6% and an increase in occupancy rate of 110 bps. Tue, 12 Sep 2017 09:45:30 EST How to Set Up and Report Food and Beverage in Your Hotel Financials - By David Lund https://www.hotelnewsresource.com/article96291How_to_Set_Up_and_Report_Food_and_Beverage_in_Your_Hotel_Financials___By_David_Lund.html https://www.hotelnewsresource.com/article96291How_to_Set_Up_and_Report_Food_and_Beverage_in_Your_Hotel_Financials___By_David_Lund.html That is a long title and it is fitting because F&B reporting in your financials is the longest part of your hotel financial reporting process. Every other department except for benefits is a single shot. In F&B you need allocations and a roll up of all outlets into a total F&B profit statement. This is the single biggest area where I see hotels get their statements wrong. In this article, I am going to lay out how to set up your statements and general ledger to provide you strong financial reporting for your food and beverage department. Mon, 11 Sep 2017 13:53:39 EST Baird/STR Stock Index Down 1.9 Percent for August 2017 https://www.hotelnewsresource.com/article96243U_S__Hotel_Stocks_Down_____Percent_for_August_____.html https://www.hotelnewsresource.com/article96243U_S__Hotel_Stocks_Down_____Percent_for_August_____.html Despite a 1.9% decline in August, the Baird/STR Hotel Stock Index is still up 10.7% year to date. Thu, 7 Sep 2017 11:55:59 EST Miramar Hotel and Investment Company, Limited Announces 2017 Interim Results https://www.hotelnewsresource.com/article96005Miramar_Hotel_and_Investment_Company__Limited_Announces______Interim_Results.html https://www.hotelnewsresource.com/article96005Miramar_Hotel_and_Investment_Company__Limited_Announces______Interim_Results.html Recorded Satisfactory Overall Performance; Having Slight Increase in Revenue to HK$1,559 Million Mon, 21 Aug 2017 12:24:19 EST American Hotel Income Properties REIT LP Reports Q2 56 Percent Total Revenues Increase https://www.hotelnewsresource.com/article95896American_Hotel_Income_Properties_REIT_LP_Reports_Q_____Percent_Total_Revenues_Increase.html https://www.hotelnewsresource.com/article95896American_Hotel_Income_Properties_REIT_LP_Reports_Q_____Percent_Total_Revenues_Increase.html Total revenues for the quarter increased by 56.0% to $69.5 million compared to $44.5 million for the same quarter last year as a result of the acquisition of new hotels between reporting periods. Mon, 14 Aug 2017 15:23:25 EST Fibra Inn 3.4% RevPar Increase for July 2017 https://www.hotelnewsresource.com/article95872Fibra_Inn______RevPar_Increase_for_July_____.html https://www.hotelnewsresource.com/article95872Fibra_Inn______RevPar_Increase_for_July_____.html Fibra Inn Announces Hotel Indicators for July 2017 Fri, 11 Aug 2017 12:28:18 EST FelCor Reports Second Quarter 2017 Earnings https://www.hotelnewsresource.com/article95852FelCor_Reports_Second_Quarter______Earnings.html https://www.hotelnewsresource.com/article95852FelCor_Reports_Second_Quarter______Earnings.html Same-store RevPAR was $161.98 compared to $163.62 for the same period in 2016. Net loss attributable to FelCor common stockholders was $8.0 million, or $0.06 per share, versus net income of $7.1 million, or $0.05 per share, for the same period in 2016. Thu, 10 Aug 2017 11:53:28 EST Baird/STR Stock Index Up 2.1 Percent for July 2017 https://www.hotelnewsresource.com/article95824U_S__Hotel_Stocks_Up_____Percent_for_July_____.html https://www.hotelnewsresource.com/article95824U_S__Hotel_Stocks_Up_____Percent_for_July_____.html The Baird/STR Hotel Stock Index increased 2.1% in July, closing the month at 4,177. Year to date through July, the index was up 12.8%. Wed, 9 Aug 2017 10:56:31 EST Xenia Hotels & Resorts Reports Second Quarter 2017 Results https://www.hotelnewsresource.com/article95820Xenia_Hotels___Resorts_Reports_Second_Quarter______Results.html https://www.hotelnewsresource.com/article95820Xenia_Hotels___Resorts_Reports_Second_Quarter______Results.html Same-Property RevPAR decreased 1.4% compared to the second quarter of 2016 to $166.18, as occupancy decreased 120 basis points and ADR increased 0.1%. Excluding the Company's Houston-area hotels, Same-Property RevPAR increased 0.3%, as occupancy declined 4 basis points and ADR increased 0.4%. Wed, 9 Aug 2017 10:25:25 EST