Training investment leads RANZ’ Budget wish list –
The Restaurant Association of New Zealand has produced its own budget wish list ahead of Thursday’s 2023 financial announcements from the Government. “While the hospitality industry itself is leading the long-term work that will make our sector more resilient, we also know that ongoing skills shortages, increased costs of doing business and the ever-changing regulatory environment only add to the pressures we have experienced over the past three years. “Increased investment in training to address the national skills shortage is one of our top priorities, so we would like to see investment in work-based training initiatives, to both fill the…
What does a NSF certification mean for your restaurant?
When you operate a commercial kitchen, hygiene and safety are top priorities. You’ve probably implemented strict food safety practices, but when was the last time you evaluated your kitchen equipment? The design, materials and functionality of your refrigerators, water heaters and beverage dispensers can have a big impact on overall sanitation. That’s where National Sanitation Foundation (NSF) certification comes in. Buying NSF-certified food equipment is one way to ensure your restaurant kitchen meets the highest safety standards. What is NSF International? NSF International, previously known as the National Sanitation Foundation, is an independent certification organization. It develops strict standards for…Home Improvement Concepts
Home Improvement English That Means If you’re renewing by mail, solely certified checks or money orders could be accepted. Any different form of payment, together with cash, or personal or business checks, will be returned as ineligible. Explore our interactive detached and terrace houses, store or flat to search out out information on many widespread householder tasks, together with storage and basement conversions, new outbuildings and extensions. Renovations and additions to single detached and semi-detached homes and row houses as a lot as four items might require home improvement permits and inspections. He did not return to the present for…
West Auckland Trust plans $40m investment with 10 new hospitality venues –
A $40 million plus investment over the next five years to expand the hospitality and retail infrastructure of one of NZ’s largest population centers is set to help address future demand from increased housing density and regeneration around transport hubs. West Auckland has a population of 311,000+ spread over a 578 km2 area and is expected to grow by tens of thousands of residents over the coming years. The Trusts, which has a community mandate to operate liquor licenses in the region, is aiming to grow annual revenues by 23% to $160 million within five years. According to a new…
Ubud Village Jazz Festival is back in July
The much-anticipated international UBUD VILLAGE JAZZ FESTIVAL (UVJF) is entering its 10th consecutive year. This year it will be held on Friday and Saturday July 28 and 29 and at a new location. Yuri Mahatma, the festival co-founder explains. “We’ve been holding the festival in ARMA for nine years, and the number of attendees has steadily grown, with no sign of slowing down. We want to keep the audience comfortable and comfortable at the festival, and keep surprising them with new experiences. So, we decided to move on with the event at STHALA Ubud Portfolio Hotel by Marriot. The hotel’s…
InterContinental Hotels Group PLC (NYSE:IHG) Receives $5,466.67 Consensus Target Price from Analysts
InterContinental Hotels Group PLC (NYSE:IHG – Get Rating) has received an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $5,466.67. A number of equity analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February…
Total Revenue Management and the Mi$$ed Opportunities
Written by: Katerina Papadima Total revenue management is not a new concept, but it is one that hoteliers will embrace more for the years to come. To implement it, though, we first need to define it. What is total revenue management? Extending Revenue Strategy Across All Departments and Guest Journeys Revenue managers have been focused on maximizing room revenue, and for a good reason: it is the highest contributing revenue stream. In the post-pandemic era, as travel levels surged and properties were running below full capacity given the staff shortages, we saw hoteliers pushing rates. As the effect of revenge…