Mother Nature’s wrath can be manifested in any size, shape or form. Whether it be from hurricanes, tornadoes, earthquakes, snowstorms, fires, or floods, the impact of a natural disaster can be immeasurable, and impact the hospitality industry greatly.
Unfortunately, it is oftentimes only after a disaster strikes that management begins to think about a disaster plan. The stakeholders, including management, vacationers, residents, and owners alike, are left thinking “what could we have done differently?”
In this guide, you’ll learn how to create a disaster plan, prepare for business continuity in the event of a disaster, managing the aftermath, and more!
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A great hotel stay is not just about clean rooms or friendly service. Guests today want to feel welcome and cared for. Whether they travel for work or fun, they want the stay to feel easy and personal. The best hotels make guests feel comfortable from the moment they arrive until the moment they leave….
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…
Partnership transactions typically begin with the expectation that contributions and distributions will be respected for federal income tax purposes. That expectation can erode quickly, however, when cash and property change hands in close succession. The disguised sale rules under Internal Revenue Code (IRC) Section 707(a)(2) continue to represent one of the most challenging and heavily scrutinized…
