Technology has changed our lives for the better, but like every other development it has its downside. Data breaches have become common news, and the latest victim is the hospitality industry. The 2016 Trustwave Global Security Report has found the hospitality industry to be the second-most vulnerable to security breaches behind the retail industry. The ...Read more
2016 Marketplace Realities Spring Update A complex commercial insurance market is slowing the pricing declines most buyers have enjoyed for several renewal cycles and raising the likelihood that companies will experience some price increases in various commercial lines of insurance, according to Willis Towers Watson’s 2016 Marketplace Realities Spring Update report. The report, a line-by-line ...Read more
Effective February 16, 2015, the Texas State Securities Board (the “Securities Board”) adopted a new rule, Section 139.27 of Title 7 of the Texas Administrative Code (the “Rule”), that exempts certain mergers-and-acquisitions brokers from dealer registration under the Texas Securities Act. An exempt mergers-and-acquisitions broker is defined in the Rule as an “M&A Dealer.” The ...Read more
Restructuring Hotel Landscape Models: Can’t scare me! When considering restructuring hotel landscape models worldwide, there are “three major models” that consistently co-exist. These cover “a specific strategy that is part of the hotel industry’s recent history.” Georges Panayotis of MKG Group uncovers the new landscape by looking at and exploring these different schemes. Highlighting real ...
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Explore the Hospitality Industry Opportunity for Growth in Asia Pacific FIU’s School of Hospitality & Tourism Management has released a white paper emphasizing the opportunity for growth in Asia Pacific. Authored by Simone Champagnie, this white paper includes “ideas on what can be done to address the challenges to stay relevant, competitive, and profitable” regarding ...
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“A modest tempering of enthusiasm for development, performance, and the near future of the U.S. hotel industry was prevalent among delegates at the 2016 ALIS conference in Los Angeles, which traditionally sets the tone for the present year of lodging news and forecasts. Forecasts call for a continuing rise in hotel RevPAR and NOI; however, ...Read more
Hotel owners are beginning to see the opportunities that come with choosing independence over brands. It’s fairly clear in this new age our guests are looking for an authentic, personal experience. Many travels prefer to eat and stay in locally-inspired areas and avoid the stigma attached to the idea of “tourists”. This has inevitably lead ...Read more
Recent guidance issued by the Department of Labor ensures that, like 2015, joint employment will remain a hot topic for franchisors in 2016. Last year, the National Labor Relations Board (NLRB) captured the full attention of the franchise industry by “restating” the standard for finding joint employment in Browning-Ferris Industries of California, Inc., 362 N.L.R.B. ...Read more
As the so-called “sharing economy” continues to expand with new technology and willing consumers, so too do the risks associated with this new terrain. These firms are leveraging online applications to bring services and consumers together for everything from home rentals, to ride shares to food delivery and child care. Regardless of convenience or demand, ...
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Practical Law Real Estate On November 16, 2015, Marriott International announced its $12.2 billion acquisition of Starwood Hotels and Resorts Worldwide. The deal is the largest acquisition in the hospitality industry since Blackstone Group bought Hilton Hotels & Resorts for $26 billion in 2007. If the deal goes through (as is expected in mid-2016), the ...Read more