California said goodbye to hidden fees, following the state's new legislation demanding that hotels reveal all costs upfront. In this HNN article, Trevor Simpson explains what this means for travelers and hoteliers. Read more: https://bit.ly/3W8SQMb
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🎲 Hotel contracts are like high-stakes bets on the future, and the unpredictability of economic cycles can make these bets even riskier. Both hotels and meeting planners aim to mitigate risks, but how can this be done when economic downturns are factored in? Sean Whalin Whalin (Co-founder and CEO of HopSkip) sits down with legal experts Barbara Dunn (attorney representing groups) and Lisa Sommer Devlin (attorney representing hotels) to discuss the complexities of incorporating economic downturn clauses in hotel meeting and event contracts. 👇Check out the full recap to learn more! https://hubs.li/Q024rX5q0
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What has been your experience in getting properly reimbursed for legitimate business expenses? If you are spending your own money, is it because you knowingly exceeded the limits? And if so, is that because it is harder to stay within the hotel and dining limitations? Have you ever had legitimate expenses approved only to have accounting fight you later after the trip? U.S. corporate travelers spend an average of $700 of their own money out-of-pocket per trip, with that money most frequently going toward dining expenses, according to a Booking.com for business survey of 502 U.S. professionals who travel for business. The survey, conducted from Nov. 22 to Dec. 4 in 2023, showed U.S. domestic travelers typically spend $500 of their own money per trip, while international travelers spend up to $2,000 per person. Sixty-three percent said they spend out-of-pocket on dining expenses. Other frequent expenses in the survey include entertainment (57 percent), tips and gratuities (55 percent) and souvenirs or gifts (48 percent). https://buff.ly/3VsXfsH
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The U.S. House of Representatives has passed the No Hidden FEES Act, a major hospitality industry legislative priority that would ensure cost transparency for guests, establishing a comprehensive single standard for transparent and mandatory fee displays across the lodging industry, including short-term rental platforms and online travel agencies. Related legislation is waiting on the Senate for passage. Read more details about this significant win for hoteliers at bit.ly/4cr1PPi.
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Understanding California’s New Hotel Industry Legislation and Its Impact The implementation of these laws brings a new era of transparency and operational adjustment to the hospitality sector. https://lnkd.in/ea_mQVri
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Policymakers have rightly focused on combating hidden fees and providing greater price transparency. Legislation like the Hotel Fees Transparency Act has been introduced in Congress to address surprise resort fees. The Federal Trade Commission has studied the harm to consumers when the total price is not presented in their search for accommodations, and it has proposed a similar but economy-wide Unfair or Deceptive Fees Rule. However, unless a common-sense provision is added, these efforts will hinder, not help, consumers’ access to accurate resort fee information from hotels no matter where they shop for accommodations. Via Inside Sources, Travel Technology Association CEO Laura Chadwick discussed the need for hotel fee transparency to travel industry partners to ensure transparency for the benefit of customers. https://lnkd.in/ekexBBAY
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Hotel operators: now is the time to reevaluate your property tax strategy. How to prepare: https://hubs.ly/Q02b25PL0 #propertytax #hotels
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Hotel Tips: Understanding ADR (Average Daily Rate) is crucial for hotels to optimize pricing strategies, maximize revenue, and enhance overall financial performance.
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Introducing "The Leisure Law Insider" - your quarterly source for leisure and hospitality law updates, brought to you by Akerman's Chambers-ranked Hospitality Sector Team. Visit the link below for our first issue and stay in the legal know with our insights on hotels, regulations, and more. #LeisureLawInsider #HospitalityLaw #LegalUpdates https://lnkd.in/gD3vZVHV
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How is the Irish hotel sector performing currently? The supports rolled out by the government to help hotels and businesses deal with the elevated energy price pressures have helped but the sector still faces challenges. Tom McCabe, CFA FRM is back this morning to tell you all. For an even more detailed breakdown read the Irish Hotel Market report here: https://lnkd.in/e-_r7Hgx Ryan Murphy Emma Reardon Linda Boyle George Saurin #hotelindustry #researchreport #commercial #CWIreland
How is the Irish hotel sector performing?
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Showing business owners how to reduce taxes and expenses and expand benefits within their firm to hold on to great employees that make their businesses work and possibly expand their work offerings..
This year, $2.3 trillion is available for hotels/properties and other small businesses. I've added a quick calculator on my website so you can see how much you qualify for. There are different amounts for different industries. The whole process only takes about 60 seconds... https://lnkd.in/g-59uzD9 #hotelmanagement #costsegregation #vacationproperties
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