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view of a hotel management system dashboard.
Why Hospitality ERP Is No Longer Just Back Office

For years, Enterprise Resource Planning (ERP) systems in hospitality were treated as essential, but mostly administrative. They handled accounting, payroll, reporting, and compliance. While certainly important functions, ERPs were not typically viewed as tools that influenced daily operations. In many organizations, ERP was where data landed after the real action had already taken place. That…

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digital arrows representing increasing costs.
Navigating Rising Insurance Costs in Hospitality

The hospitality industry has faced mounting challenges over the past five years, with insurance costs emerging as one of the most pressing issues for hotel owners and operators. In a recent episode of Withum’s Lodging Insights and Innovations Podcast, Lena Combs, Partner and leader of Withum’s Hospitality Services Team, sat down with Joey Masters, Senior…

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Green Hospitality: Boosting Guest Satisfaction and Profits With Clean Energy

The hospitality industry relies on significant amounts of electricity and gas to ensure their guests feel comfortable and safe. According to EnergyStar.Gov, hotels in America spend an average of $2,196 per available room each year on energy, representing approximately 6 percent of operating costs. Sustainability has become an increasingly important criteria for travelers. According to…

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An AI powered system optimizing hotel management by analyzing guest data, AI-assisted booking optimization, and real-time customer service for better hospitality experiences.
Automation in Hospitality: Transforming Operations and Enhancing Guest Experience

The hospitality industry has long been characterized by its emphasis on customer service, operational efficiency, and adaptability to shifting market conditions. Yet, as margins tighten and guest expectations rise, hotels are increasingly turning to automation and artificial intelligence (AI) to streamline processes, reduce costs, and improve profitability. In a recent episode of Withum’s Lodging Insights…

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Hospitality’s New Tax Playbook: Key Wins from the OBBBA

The hospitality industry thrives on adaptability, and recent legislative changes offer a fresh opportunity to optimize financial strategy and operational planning. The One Big Beautiful Bill Act of 2025 (OBBBA) introduces several tax provisions that directly impact hospitality businesses—from restoring full bonus depreciation to eliminating federal income tax on qualified tips. These updates not only…

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A hospitality business owner in a blue suit reviews his establishment's valuation, hovering a pen over documents before him.
Unlocking Potential: Business Valuation Strategies for the Hospitality Industry

In the dynamic world of hospitality and lodging, understanding the true value of a business is crucial for owners, investors, and stakeholders. Business valuations provide a clear picture of a company’s worth, guiding strategic decisions, transactions, and financial planning. This article delves into the essentials of business valuation, exploring why valuations are needed, the methods…

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