Robert Rauch

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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📢 Top 3 News from Wynn Resorts : • Wynn Resorts has reported impressive Q2FY24 financial results, showcasing significant revenue growth and successful strategic initiatives in key markets. • On August 6, 2024, the Board of Directors of Wynn Resorts declared a cash dividend of $0.25 per share on its common stock. This dividend is scheduled to be paid on August 30, 2024, to shareholders who are recorded as of August 19, 2024. • Wynn Resorts has set a goal to increase its renewable energy procurement to at least 50% of its total energy consumption by 2030 💥Don’t miss the chance to acquire this report ! #data40 #dataset #dataanalytics #igaming #gaming https://lnkd.in/eNif-JES

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What behaviors do Americans find acceptable or unacceptable in hotels? The latest YouGov survey on hotel etiquette unveils the answers. Full story: #HOTELS #hotelnews #hospitality #hospitalityindustry #hotelindustry #hospitalitynews #etiquette #survey

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Lower Hawaii Hotel Occupancy with Higher Revenue is Good News for some: The Hawaii Tourism Authority releases its latest report on hotel occupancy in the Aloha State. SOURCE: Lower Hawaii Hotel Occupancy with Higher Revenue is Good News for some BY: eTurboNews | eTN #travelnews

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Independent hoteliers are rewriting the rules of hospitality. Unlike their branded competitors, independents aren’t bound by rigid standards—they have the freedom to design tech stacks tailored to their unique vision. This freedom allows independent operators to adopt scalable, future-ready technology that fits their needs—on their timeline. By investing in tools like advanced automation and seamless integrations, they’re staying agile and ahead of the competition. Discover how independents are leveraging their flexibility to thrive. #HotelTech #DataAnalytics #HospitalityInnovation https://lnkd.in/gvvRCfwX

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Hey hotel industry friends! 🏨 Guess who's making waves? Hyatt is shaking things up with a bold move into the mid-market! Hyatt Hotels is making a strategic move into the mid-market segment with the launch of Hyatt Studios, aiming to expand its presence in suburban areas with streamlined, cost-effective hotel concepts. This initiative reflects a shift from their traditional luxury and urban-centric properties, targeting practical travelers seeking quality without unnecessary frills. Here's the scoop on Hyatt's latest power play: - Expansion into Suburbs: Hyatt is focusing on suburban locations to reach travelers in areas where they previously had limited presence. - Hyatt Studios Launch: The introduction of Hyatt Studios marks Hyatt's entry into the upper-midscale market, offering more affordable options. Their first midscale brand, with 4,000 rooms in development - Increased Select-Service Pipeline: Over the past three years, Hyatt has reported a 25% increase in its select-service pipeline in the Americas, now comprising over half of its total pipeline in the region. - Cost-Effective Development: These new properties are quicker to build and more economical to operate, benefiting both the company and its guests. - Broader Market Reach: By diversifying its portfolio, Hyatt aims to attract a wider range of travelers, enhancing its competitive edge in the hospitality industry. What do you think about Hyatt's new direction? #HyattHotels #HospitalityTrends #HotelIndustry #MidmarketHotels

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Sharing knowledge is the most valuable gift you can offer to yourself and others. #hospitality #growth #buildingcoachingcultures #coaching

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Want to make the most out of budget season? Ryan Zarb of Carpedia International shares how. Full story: #HOTELS #hotelnews #hospitality #hospitalityindustry #hotelindustry #hospitalitynews #budgettips

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In his latest monthly column, Larry Korman, CEO of AKA Hotels+Hotel Residences, discusses why hotels should rethink traditional loyalty programs

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Thanks for the shout out, BizBash, in this great article on the emerging hotel trends for 2024.

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Big changes are coming to California’s hotel industry with the introduction of two crucial laws: California Senate Bill 644 and California Assembly Bill 537. 🛏️ California Senate Bill 644 mandates penalty-free cancellations within 24 hours after booking confirmation for reservations made at least 72 hours before check-in. 💰 California Assembly Bill 537 requires all advertised room rates to include mandatory fees (excluding government taxes and fees), eliminating hidden resort fees. 🗓️ Both laws take effect on July 1, 2024, ushering in a new era of transparency and operational adjustments in the hospitality sector. 💼 What does this mean for hoteliers? 🔍 Our latest blog post breaks down the essentials of these new regulations and explores their potential impacts on your operations. Stay ahead of the curve and ensure your hotel is prepared for these changes. Read our blog for more insights! 👉 bit.ly/3VgaCOe #HospitalityIndustry #HotelLegislation #Cendyn #CaliforniaHotels #FutureReady

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In the crowded space of digital marketing, finding an agency that not only understands your brand’s essence but also enhances its market presence effectively is crucial, especially for luxury hotels and resorts

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https://lnkd.in/geKrES6p  STR and Tourism Economics made significant downward adjustments to the 2024-25 U.S. hotel forecast. The latest revision reflects lower-than-expected performance thus far in 2024 as well as lessened growth projections for the remainder of the year. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were downgraded 1.0 percentage points and 2.1 ppts, respectively. Occupancy for the year is now expected to decline after the previous forecast projected year-over-year growth in the metric. For 2025, an occupancy growth projection was kept in place, but downward adjustments were once again made to ADR (-0.8 ppts) and RevPAR (-0.9 ppts).

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How Hoteliers Can Manage Overtime Threshold Change, Non-Compete Ban "Employers in the hotel industry have two new federal regulations to navigate, each of which have fast-approaching deadlines. On April 23, the U.S. Department of Labor announced its final rule raising the overtime exemption threshold to an equivalent annual salary of $43,888, effective July 1, from the current level of $35,568. The second deadline is Jan. 1, 2025, when that threshold rises again to $58,656. On the same day, the Federal Trade Commission issued a final rule banning most existing non-compete agreements as well as the creation and enforcement of new non-competes. This rule goes into effect 120 days after publication in the Federal Register." Read more: https://ow.ly/8Q5250RzXpE via Costar Fisher Phillips #Hospitality #HospitalityIndustry #LaborLaw #HotelIndustry #DOL #HotelOperations #Non-Compete

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