A decision issued this summer by a federal district court in New York provides important lessons for professionals in the food services and restaurant industry regarding employee defection and trade secrets issues.
In today's global competitive hotel market, being part of a group of hotels that share a recognized brand and provide services such as sales and marketing channels, a central reservation system, training, technology savvy and specific operational business protocols could mean the difference between financial success and collapse. (This is part two of a three-part series on Hotel Franchise Investment)
If fear and loathing were any more palpable, American CEOs would be suffocating in their own apprehensions right now.
It’s true that after two years of the Great Recession and another two years of one of the weakest “recoveries” in U.S. economic history, some companies have gotten healthier, and many corporations continue to sit on hordes of cash. However, in industry after industry, at companies both public and privately held—regardless of size, there is one message emanating from CEOs as they look nervously toward 2012: They are basically on hold until something changes. The most important thing that must change, they say almost unanimously, is the awful economic influence of Washington, D.C. And while some fault both political parties, the balance of blame tilts toward the Obama administration.
According to FBI crime reports, approximately 8.1 million people were victims of identity theft in 2010,. Identity thieves are ruthless and shrewd and, worse, without conscience. December is National Identity Theft Prevention and Awareness Month, and thus a very good time to learn to protect yourself
The concept behind incentivizing managers based on free cash flows available to owners is to align the interests of management companies with those of owners. Unfortunately, an even more basic concept is often forgotten─ that managers should be compensated based on how well they manage.
Wrap your head around these numbers: The median cost of managing cybercrime for companies per year has gone from $3.8 million in 2010 to $5.9 million this year, according to a recent study by the Ponemon Institute. Those costs included money spent on security investigations, loss of productivity, software upgrades, and the value of stolen intellectual property.
Meeting sizes may vary, but most large meetings are booked several years in advance. The hotel executive and the meeting professional should remain engaged in regular communication from the moment the contract is signed.
There are many ways to manage a room block effectively. Listed below are best practices on the timing and what to do when, while managing a group room block for a large meeting.
Technology, media and telecom companies (TMT) are generally holding steady as compared to the prior year on their information security activities, budgets, governance, and reporting.
Yet the threats to Information Technology (IT) security are on the rise and the impact of security incidents are ever more significant. TMT organizations are not coping with the evolving environment: More than half (52 percent) of respondents to the DTTL study indicate that their security expenditures are either falling behind or catching up to what is expected.
With the ten year anniversary of the US attack on 9/11/01 in mind, watch this brief video highlighting US hotel security procedures compared to those of countries with higher threats of terrorism.
Hotel Lawyer with updates on hotel cap rates, values and transactions from JMBM's Meet the Money® 2011
Hotel cap rates, hotel values and hotel transaction data are some of the most sought after information as transactions gain momentum in 2011. Fortunately, Suzanne Mellen of HVS is a real expert on these issues and she gave a wonderful presentation on all this at Meet the Money® 2011. Here it is for those who missed it.
