Hotels
Xenia Accommodations & Resorts, Inc. (NYSE:XHR) Shares Offered by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its place in Xenia Accommodations & Resorts, Inc. (NYSE:XHR – Get Score) by 3.6% throughout the first quarter, in keeping with its most up-to-date submitting with the Securities and Trade Fee. The institutional investor owned 2,700,274 shares of the true property funding belief’s inventory after promoting 101,395 shares throughout the quarter. JPMorgan Chase & Co. owned roughly 2.36% of Xenia Accommodations & Resorts value $52,088,000 on the finish of the newest reporting interval.

Different hedge funds and different institutional traders have additionally modified their holdings of the corporate. Allegheny Monetary Group LTD bought a brand new place in shares of Xenia Accommodations & Resorts within the 4th quarter valued at $58,000. Prospera Monetary Companies Inc bought a brand new place in shares of Xenia Accommodations & Resorts within the 1st quarter valued at $143,000. Schroder Funding Administration Group grew its place in shares of Xenia Accommodations & Resorts by 31.6% within the 4th quarter. Schroder Funding Administration Group now owns 7,450 shares of the true property funding belief’s inventory valued at $135,000 after shopping for an extra 1,788 shares over the last quarter. Van ECK Associates Corp grew its place in shares of Xenia Accommodations & Resorts by 15.1% within the 1st quarter. Van ECK Associates Corp now owns 10,205 shares of the true property funding belief’s inventory valued at $197,000 after shopping for an extra 1,336 shares over the last quarter. Lastly, M&T Financial institution Corp bought a brand new place in shares of Xenia Accommodations & Resorts within the 1st quarter valued at $197,000. 87.89% of the inventory is presently owned by institutional traders and hedge funds.

Xenia Accommodations & Resorts Inventory Down 0.1 %

XHR inventory opened at $16.16 on Wednesday. Xenia Accommodations & Resorts, Inc. has a one 12 months low of $13.18 and a one 12 months excessive of $20.41. The inventory has a market capitalization of $1.85 billion, a PE ratio of -76.95 and a beta of 1.48. The corporate has a debt-to-equity ratio of 0.97, a fast ratio of three.11 and a present ratio of three.11. The corporate has a fifty day shifting common of $15.93 and a 200-day shifting common of $17.54.

Need Extra Nice Investing Concepts?

Xenia Accommodations & Resorts (NYSE:XHR – Get Score) final launched its earnings outcomes on Wednesday, August third. The true property funding belief reported $0.24 EPS for the quarter, lacking the consensus estimate of $0.39 by ($0.15). Xenia Accommodations & Resorts had a unfavourable return on fairness of 1.57% and a unfavourable internet margin of two.62%. The agency had income of $283.45 million throughout the quarter, in comparison with analyst estimates of $257.47 million. As a bunch, analysts anticipate that Xenia Accommodations & Resorts, Inc. will submit 1.5 EPS for the present 12 months.

Insider Transactions at Xenia Accommodations & Resorts

In different information, insider Barry AN Bloom bought 25,000 shares of the agency’s inventory in a transaction on Tuesday, June seventh. The shares have been bought at a mean value of $19.09, for a complete worth of $477,250.00. Following the completion of the sale, the insider now owns 217,741 shares within the firm, valued at roughly $4,156,675.69. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which could be accessed via this hyperlink. Firm insiders personal 2.40% of the corporate’s inventory.

Analysts Set New Worth Targets

Quite a few analysis analysts not too long ago commented on the inventory. KeyCorp dropped their goal value on shares of Xenia Accommodations & Resorts from $21.00 to $17.00 and set an “obese” score on the inventory in a analysis report on Tuesday, June twenty eighth. B. Riley raised shares of Xenia Accommodations & Resorts from a “impartial” score to a “purchase” score and set a $22.00 value goal on the inventory in a analysis report on Tuesday, Might tenth. Lastly, Wells Fargo & Firm lowered their value goal on shares of Xenia Accommodations & Resorts from $21.00 to $20.00 and set an “obese” score on the inventory in a analysis report on Monday. One analyst has rated the inventory with a promote score, one has issued a maintain score and 5 have issued a purchase score to the corporate. Primarily based on information from MarketBeat.com, Xenia Accommodations & Resorts presently has a consensus score of “Average Purchase” and a consensus goal value of $20.33.

About Xenia Accommodations & Resorts

(Get Score)

Xenia Accommodations & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxurious and higher upscale resorts and resorts, with a give attention to the highest 25 US lodging markets in addition to key leisure locations in the US. The Firm owns 37 resorts comprising 10,749 rooms throughout 16 states.

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Institutional Ownership by Quarter for Xenia Hotels & Resorts (NYSE:XHR)

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Hotels
High 6 Causes Why On-line Ordering is a Hit Amongst Diners & Why You Ought to Enter The Recreation

Within the publish COVID-19 world, on-line meals supply companies picked quick momentum. Clients have develop into extra hygiene acutely aware and are in search of safer eating choices. As per this report by Forbes, by 2023, the meals supply market is anticipated to develop and outstretch as much as $154.34 billion at a CAGR of 11.51%. That is a reasonably loopy quantity!

And the cherry on prime of this excellent news? You may get a chunk of this cake. Listed below are 6 the reason why on-line meals ordering is right here to remain and why it’s the proper time so that you can put money into your individual supply system!

Let’s discover the components apart from security considerations that make on-line meals ordering a transparent favorite.

1. Broad number of selections

On-line ordering has gained mad momentum as a result of prospects are at all times looking out for customizable choices, all kinds of meals selections, and presents or meals combos. On-line ordering platforms allow prospects to order quite a lot of meals with out feeling acutely aware or inconvenient. Moreover, eating places providing these selections could make extra sale and replace their menus to retain greatest promoting objects or create hot-selling combos. With the assistance of digital restaurant administration platforms equivalent to restaurant POS, eating places may also seamlessly combine orders from varied sources equivalent to third occasion aggregators, web sites and apps.

The supply platforms additionally present recommendations primarily based on earlier orders. This makes the consumer expertise seamless. For eg. Weight-reduction plan acutely aware prospects can select from the checklist of wholesome dishes which are being advisable to him. If you happen to do not wish to undergo your entire menu, you’ll be able to decide to repeat your earlier orders.

Learn to get your restaurant’s on-line ordering web site and void aggregator fee.

2. Ease of ordering and reside updates

The comfort of ordering meals from the consolation of your own home is a blessing in disguise through the present occasions.

Whereas visiting a restaurant, there’s at all times the chance that your favourite dishes exit of inventory. Actual-time updates make the consumer expertise extra likeable for patrons ordering meals out of your unbiased platform. Assume that your needs to order Chinese language noodles. If it is out of inventory, they will simply view the standing reside on the net menu. Who is aware of? Possibly your buyer would possibly order the home particular and find yourself constructing loyalty too!

3. Engaging reductions and presents

Via your unbiased on-line ordering platform, you’ll be able to lure meals lovers with large reductions and presents which are arduous to withstand. Frequent restaurant eaters are at all times looking out for excellent reductions, combo presents, and different loyalty packages. Via restaurant loyalty, you’ll be able to goal common eaters and create a customer-base that’s loyal, and frequent. Additional, these prospects at all times depart elaborate critiques, permitting you to face out compared to your rivals.

These days eating places are additionally creating particular presents for corporates. Since most workers are working remotely because of the pandemic, corporates can throw in digital events, order your meals and reward their workers with vouchers and pockets top-ups. This not solely means extra prospects, but additionally larger order sizes!

4. Contactless fee choices

Publish the outbreak of Covid-19, prospects have develop into hesitant to make use of money for funds. The possibilities of contraction are larger with any type of bodily contact between two individuals. As per this report from Livemint, digital fee companies have seen a virtually 50% spike in transactions by their digital wallets because the begin of the covid-19 disaster.

When your prospects order meals on-line, you’ll be able to present straightforward contactless funds equivalent to digital wallets or on-line banking platforms. With engaging cashback presents and reductions by Dineout Pay, you can also make digital funds extra engaging.

5. Opinions add to the credibility

No buyer needs to spend your hard-earned cash on inferior high quality meals. Any buyer for that matter would favor to examine for the critiques earlier than attempting out meals from a brand new restaurant. As per PYMNTS.com, greater than 55 % of customers now take into account on-line critiques influential in choosing eating places. You’ll be able to encourage prospects to publish star scores and trustworthy feedbacks in return for promo codes, vouchers, referral codes, and so on.

6. Wonderful customer support

One of many largest causes for the surge in on-line meals ordering is how handy it’s on your prospects. They do not need to dress or find time for their meal. They’ll order meals of their sweatpants and eat it whereas watching a film or quietly attending a piece Zoom name. Through the pandemic, this safety from the surface world brought about a surge in on-line ordering. Nevertheless, the identical comfort will trigger prospects to maintain ordering on-line even after the world has returned to normalcy.

Half phrases

Covid-19 has led to a drastic change within the eating behavior of restaurant prospects. Eating places have additionally cashed in on the increase in on-line ordering by launching their very own supply arm or getting listed on third occasion aggregator platforms. The components mentioned above make on-line meals ordering a sizzling favourite amongst meals lovers. The convenience of ordering and fast supply positively make this selection extra engaging. The eating places additionally stand equally benefited, as they’re additionally witnessing a surge in gross sales by on-line supply.

Hotels
Methods to Apply in your Restaurant Advertising Automation

If you’re an avid social media consumer, you might need already come throughout numerous campaigns launched by companies the place they invited their clients to create an advert for them. The companies then selected a number of the finest adverts from the inflow of submissions, which gained loopy money prizes and once-in-a-lifetime alternatives.

These campaigns have virtually at all times gone viral and created a loud buzz throughout social media. Course of? The right use of promoting automation with precision.

Advertising automation for eating places entails utilizing new expertise to achieve out to potential clients and preserve a wholesome relationship with the loyal clients to extend income by means of numerous media networks. Using customized content material, catering to particular person wants on a big scale, making the shoppers really feel heard makes restaurant advertising and marketing automation an important facet to adapt in immediately’s social period.

Methods to Apply in your Restaurant Advertising Automation

The web presence by means of common campaigns by way of SMS, emails, and social media posts guarantee communication with the shoppers leaving a long-lasting influence. It helps in creating the restaurant’s fame in addition to new leads. Personalised content material permits the shoppers to dwell upon the provides and act on them. They’re extra more likely to order meals or go to the restaurant steadily if the content material caters to their private wants.

The method turns into simpler when automated, which is finished with the assistance of a number of software program and saves a number of time within the eating places. The eating places can then solely deal with serving the shoppers to the perfect of their capability with out worrying about typing every message individually and sending them out one after the other.

The under information will allow you to with the methods to automate restaurant advertising and marketing or the areas the place you’ll be able to simply belief expertise to return to your rescue.

1. Social Media Promance

Social media presence in immediately’s time has turn into virtually equally essential as having a bodily presence. The automation course of permits you to schedule your posts to create your content material in a single go after which put up it utilizing automation instruments everytime you schedule them. The content material have to be partaking and user-friendly to garner a large attain on social media. This protects a number of time for handles reminiscent of Instagram and Twitter, which don’t enable scheduling in any other case. Automation makes use of the content material you created after which posts it repeatedly as and when scheduled, sustaining an internet presence and communication.

You’ll be able to outsource social media advertising and marketing options on your restaurant. Corporations like inresto create posts and run social media adverts for eating places that garner outcomes. To interrupt the ceiling, we recommend restaurateurs put money into their very own restaurant web sites and on-line supply techniques. These two can catapult the outcomes introduced in by your advertising and marketing efforts.

2. Buyer Critiques

The very first thing everybody notices after trying to find a restaurant on-line are critiques. They assist in making a huge effect on the shoppers. The automation course of lets you filter out the critiques as quickly as you obtain them and even helps you discover the point out of your restaurant anyplace on-line. Well timed motion on constructive and demanding critiques permits you to construct a fame that you simply worth your clients and reply and take heed to suggestions. It’s also possible to put your aspect of the story to unfavorable suggestions to make sure that the opposite folks studying critiques get to learn either side.

3. Restaurant Loyalty Ppackages

The Loyalty Program works the identical approach as a Debit/Credit score Card reward level system. The extra a selected buyer spends along with your restaurant, the extra reward factors they obtain, which they’ll redeem with totally different provides or packages pre-decided by the restaurant. inresto Loyalty program helps you create customized loyalty packages on your clients. These packages might be spend based mostly, or go to based mostly.

The loyalty factors might be recorded with a selected identification like an e mail deal with or the client’s cellphone quantity, and the identical medium can be utilized to remind them of the factors they’ve earned up to now. Nonetheless, the principle focus ought to be on protecting in contact with the shoppers with thrilling provides they’ll avail by means of the already earned reward factors with the restaurant.

Previous orders and ordering patterns of the shoppers might be thought of when sending out customized SMS or e mail. For instance, if one buyer orders solely on weekends, you’ll be able to set out an automation reminder for that exact buyer on Fridays about ordering out of your restaurant the subsequent day. You’ll be able to even ship out reductions for being a loyal buyer and need them a contented weekend to offer a customized expertise.

4. Promotional Campaigns

SMS and Emails can be utilized to ship out promotional campaigns to loyal clients. The information might be collected whereas they order meals. It could actually then be used to make them conscious of latest offers and reductions or the modifications within the menu. Merely sending out the perfect sellers of the month additionally works wonders. The content material needs to be created upfront, which may then be despatched out with the automation course of repeatedly to clients. The messages and intervals are correctly recorded within the automation system, and you should have the info at your fingertips. Instruments just like the restaurant marketing campaign module can do the job for you.

5. Desk Administration

Automating the reservation course of and desk administration eases the duty of the in-house workers and permits them to prioritize customer support. As well as, it maximizes the desk turnaround effectivity and permits you to streamline reservations from a number of sources. inresto has diminished the client ready time by a whopping 200% for eating places by means of their desk administration Visitor and Reserve. The restaurant assigns a desk based on real-time availability, however all the info is supplied on-screen very systemised.

Conclusion

Advertising Automation has labored as a really useful gizmo for eating places, and above, we have now mentioned easy methods to automate your restaurant advertising and marketing. If executed proper, it may possibly increase the client base and income. Additionally, it is vitally essential to make well timed modifications to your automation methods and your content material. You’ll be able to simply discuss with eating places on your advertising and marketing automation wants which embody app-based advertising and marketing, social media promotions, and media protection, amongst different actions.

Hotels
7 Tips to help prepare for restaurant patio season

As the temperature rises, diners start looking for ways to enjoy their meals in the sunshine. If your restaurant doesn’t have an outdoor dining area, now’s the time to build one — a patio helps you adapt to warmer weather and increase profitability during one of the busiest times of the year. With the right restaurant patio ideas, you can transform any space into a beautiful, breezy retreat.

How can a patio benefit my restaurant?

Customers love al fresco dining — it’s a chance to enjoy the fresh air and make the most of warm weather. This is particularly true for people with kids; outside, parents don’t need to worry as much about keeping the little ones quiet. A patio is a great way to attract these sun-seeking diners, all while continuing to serve people who prefer to eat inside.

On a practical level, patios expand your restaurant’s seating capacity and enable you to serve more diners. If your city sees an increase in foot traffic during the summer months, this is an effective way to reduce wait time and increase revenue. In fact, research shows that an outdoor patio can increase gross profits by up to 65%.

A patio can also help you keep up with competitors. In a 2023 National Restaurant Association survey, 90% of restaurant owners with outdoor dining are planning to keep it. That’s because customers are demanding it; about 82% of diners would like to see growth in outdoor seating options, and 75% of adults feel safer when dining out.

When your patio is attractive and visible from the street, it serves as an advertisement for your restaurant. Add live music and a special seasonal menu to intensify the impact — the festive atmosphere draws in new patrons and encourages them to stay for after-dinner drinks.

10 tips for making the most of patio season

Whether you have a small dining area next to the street or a rooftop patio with breathtaking views, there are a few things you can do to get the most from your outdoor space.

1. Check local laws and regulations

If your restaurant doesn’t already have a dedicated outdoor dining space, check state and local laws before construction starts. Many areas regulate factors such as patio capacity, location, enclosure, signage and proximity to the restaurant. You’ll likely need to get special permits, especially if you’re planning to build an outdoor bar or other new structures.

That’s not all — local laws will also affect your patio’s smoking policy and your ability to serve alcohol outdoors. If you’re thinking about hosting live music, check the local noise ordinances. Finally, look into laws and regulations regarding pet policies at restaurants; certain states allow it, but you may need to establish rules regarding leashes, hand-washing and waste management.

2. Deck out your patio with the latest decor

The look and feel of your patio has a direct impact on the customer experience. Ideally, your outdoor space should feel like an extension of the indoor dining room but with a slightly more casual vibe. If your restaurant has a romantic atmosphere, for example, you might recreate the effect outside with hurricane candles and white string lights.

As you consider restaurant patio ideas, look for ways to incorporate the latest restaurant decor trends:

  • Comfortable mix-and-match outdoor furniture
  • Bold lettering and murals
  • Photogenic backgrounds for social media
  • Warm, comforting tones
  • Lush greenery

3. Keep your furniture flexible

Maximize patio space with lightweight, stackable patio furniture. When employees can move tables and chairs easily, they can adjust the seating to accommodate large groups, private events or live music.

Of course, comfort should also be a top priority. Avoid patio chairs that are too delicate; small, hard seats or flimsy frames can be uncomfortable for guests. Instead, look for wide, deep seats that work for a range of body sizes and table styles that hold food easily.

4. Establish ambiance with decorative lighting

Lighting sets the mood; it’s a critical aspect of restaurant patio design. Choose lights that match your restaurant’s aesthetics and atmosphere. Options include:

  • Wall sconces
  • String lights
  • LED strip lights
  • Hanging lanterns or pendants
  • Globe lights in planters
  • Landscape spotlights
  • Tiki torches

Aim to fill the space with lighting that isn’t too bright or too dark — while sitting in their chairs, guests should be able to read the menus clearly.

5. Embrace your greenery

Plants are a perfect fit for an outdoor dining area; greenery enhances the natural vibe of the patio and brings life to an urban space. You can also use plants to beautify the commercial patio enclosure, create private dining areas, or conceal fixtures unsightly. Some plants can even repel mosquitoes, which creates a better patio dining experience.

When choosing greenery, consider the required upkeep. Sturdy, low-maintenance plants can stand up to heavy traffic and reduce the workload for your staff.

6. Prepare for inclement weather

Get more use from your patio by preparing the space for different weather conditions. Large patio umbrellas or sun sails provide shade on hot days and light rain protection when it’s drizzling. If space allows, you can also create shade and ambiance with a pergola covered in climbing vines.

To encourage guests to dine outdoors regardless of the weather, invest in temperature-control devices. Roofline fans can create ample airflow, and standing outdoor heaters add just the right amount of warmth on cool, crisp fall days.

7. Designate an area for pickup and delivery

Is your outdoor dining area located near the restaurant’s main entrance? You may need to establish a separate pickup point — especially if you’re listed on a service like Grubhub Marketplace. By distancing the to-go area from regular restaurant traffic, it’s easier to ensure diners and staff aren’t affected by the influx of pickup orders that come with nicer weather.

8. Create a seasonal menu

A seasonal menu refreshes the dining experience, giving loyal patrons a reason to drop in. It can also set the tone for your patio. If you’re going for a classic summer vibe, you can keep it traditional with burgers, corn dogs, and fried chicken. For a lighter, modern-bistro approach, try creative salads, shareable charcuterie boards, or gourmet nachos. Make sure to put your new menu items into the POS system before the patio space opens for easy ordering.

Don’t forget to update your alcohol menu — delicious, summery drinks are perfect for happy hour or afternoon cocktails. Consider options such as craft beer, sparkling wine, margaritas, and fruit-based mixed drinks.

9. Promote your patio on social media

Your patio should be the star of your summer social media marketing plan. After all, there’s no better marketing tool than a lively, vibrant outdoor space. Show patrons what they can expect with beautiful sunset photos, short clips of live music, or shots of people enjoying Sunday brunch in the sunshine.

Showcase your seasonal menu on social media, too. Post photos of new menu items, or plan your posts to coincide with the latest food trends or food holidays.

10. Hire seasonal staff

Additional seating capacity can increase your business; it also means that you’ll need to hire more staff. Bringing on a few extra servers, bussers and kitchen crew members can prevent your full-time employees from getting stretched too thin. An adequate team can deliver fast, friendly service and maintain a top-notch dining experience for guests dining indoors or in the patio space.

Prepare for patio season with Grubhub

Patio season is an opportunity to bring in first-time diners and build loyalty among existing patrons — and increase profits in the process. Grubhub can help your restaurant reach new customers and showcase your new outdoor dining experience. To start boosting your visibility, join Grubhub today.

Hotels
FY2024 EPS Estimates for Host Hotels & Resorts, Inc. Raised by Analyst (NASDAQ:HST)

Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) – Zacks Research increased their FY2024 earnings estimates for shares of Host Hotels & Resorts in a note issued to investors on Thursday, June 22nd. Zacks Research analyst N. Dass now anticipates that the company will post earnings per share of $1.87 for the year, up from their previous estimate of $1.86. The consensus estimate for Host Hotels & Resorts’ current full-year earnings is $1.91 per share.

HST has been the subject of several other research reports. Morgan Stanley upped their price objective on shares of Host Hotels & Resorts from $18.00 to $19.00 in a research report on Friday, May 12th. StockNews.com started coverage on Host Hotels & Resorts in a report on Thursday, May 18th. They issued a “hold” rating for the company. Citigroup lowered their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, March 3rd. Wells Fargo & Company cut their price target on shares of Host Hotels & Resorts from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, March 30th. Finally, Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, May 5th. Three equity research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.86.

Host Hotels & Resorts Trading Down 1.6 %

Want More Great Investment Ideas?

HST stock opened at $16.24 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 5.44 and a quick ratio of 5.44. The company has a fifty day moving average price of $17.10 and a two-hundred day moving average price of $16.46. Host Hotels & Resorts has a one year low of $14.51 and a one year high of $19.76. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of 14.50 and a beta of 1.29.

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds have recently modified their holdings of the stock. Ronald Blue Trust Inc. increased its position in Host Hotels & Resorts by 96.7% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,617 shares of the company’s stock valued at $25,000 after acquiring an additional 795 shares during the last quarter. Allworth Financial LP lifted its stake in Host Hotels & Resorts by 82.3% in the first quarter. Allworth Financial LP now owns 1,506 shares of the company’s stock worth $25,000 after acquiring an additional 680 shares during the period. GPS Wealth Strategies Group LLC purchased a new stake in Host Hotels & Resorts in the first quarter worth about $26,000. Brown Brothers Harriman & Co. lifted its stake in Host Hotels & Resorts by 1,921.5% in the first quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock worth $26,000 after acquiring an additional 1,249 shares during the period. Finally, Belpointe Asset Management LLC lifted its stake in Host Hotels & Resorts by 66.2% in the first quarter. Belpointe Asset Management LLC now owns 1,871 shares of the company’s stock worth $31,000 after acquiring an additional 745 shares during the period. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Insider Transactions at Host Hotels & Resorts

In related news, Director Walter C. Rakowich sold 3,688 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $17.47, for a total transaction of $64,429.36. Following the completion of the sale, the director now directly owns 58,616 shares in the company, valued at $1,024,021.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible via this link. Company insiders own 1.20% of the company’s stock.

Host Hotels & Resorts Increases Dividends

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.69%. Host Hotels & Resorts’s payout ratio is currently 53.57%.

About Host Hotels & Resorts

(Get Rating)

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 41,900 rooms.

Further Reading

Earnings History and Estimates for Host Hotels & Resorts (NASDAQ:HST)

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Hotels
A 5-star restaurant kitchen cleaning checklist

Next to cooking, cleaning is the most important process in your restaurant. Rigorous cleaning and sanitization helps kill bacteria, which prevents a variety of contact and food-borne illnesses. When the procedure is compliant with federal, state and local food codes, it’s easier to maintain a high restaurant health score, even after a surprise health inspection.

Cleanliness also benefits your bottom line — when diners can enjoy their meals in a fresh, spotless setting, they’re more likely to give you positive reviews and repeat business.

Need help with consistency and accountability? Try standardizing the process with a restaurant cleaning checklist. That way, employees don’t need to rely on memory after a long shift; they can simply work through the list and sign off on each task.

Front-of-house cleaning checklist

The commercial kitchen is often the focus of a restaurant cleaning procedure, but the front-of-house matters, too. Because this is the only part that restaurant customers see, it shapes their opinion of your business. For most establishments, it makes sense to separate the cleaning procedure into daily, weekly and monthly tasks. This ensures high-contact areas are always fresh; it also prevents dirt buildup, so deep-cleaning days are easier.

Before you start, make sure to have common cleaning supplies on hand:

  • Cleaning gloves
  • Surface cleaner
  • Disinfectant spray
  • Cleaning cloths
  • Sponges
  • Paper towels
  • Glass cleaner
  • Brooms
  • Vacuum
  • Fool
  • Buckets
  • Floor cleaners
  • Scrub brushes
  • Garbage bags
  • degreasing solution

Daily front-of-house restaurant cleaning checklist

During each shift, perform these tasks as needed:

  • Wipe down and sanitize tables, counters and seats
  • Clean and sanitize bathrooms
  • Sweep or vacuum floors
  • Wipe food and drink off of the menu
  • Wipe down condiments

At the end of the day, do the following:

  • Clean and sanitize tables, counters and seats
  • Clean and sanitize bathrooms
  • Clean and sanitize railings and door handles
  • Clean and sanitize menus
  • Sweep and mop hard floors
  • Vacuum rugs and carpeted areas
  • Clean streaks, fingerprints and smudges from windows
  • Refill disposable supplies
  • Wipe down walls if needed
  • Take out the trash
  • Take out recycling
  • Sanitize recycling containers
  • Send dirty linens to the laundry

Weekly front-of-house restaurant cleaning checklist

  • Clean and sanitize doors
  • Wash windows
  • Wash mirrors
  • Dust light fixtures
  • Dust decor and signs
  • Deep-clean toilets and sinks
  • Dust liquor bottles behind the bar, if applicable
  • Clean draft lines, if applicable

Monthly front-of-house restaurant cleaning checklist

  • Deep-clean all bathrooms
  • Clean and dust light fixtures
  • Clean and dust ceiling fans
  • Vacuum all carpet thoroughly
A 5-star restaurant kitchen cleaning checklist

Back-of-house cleaning checklist

Cleaning a commercial kitchen requires constant attention — in this fast-paced environment, it’s best to clean regularly throughout the day to prevent big messes. In the process, you’ll increase food safety and reduce the risk of cross-contamination and food-borne illness. Regular cleaning can also improve restaurant kitchen safety, which protects your employees and your business.

As with front-of-house cleaning, there are some tasks you should do every day. Others, you can do every week or month. To help your staff clean efficiently, stock up on these key cleaning supplies:

  • Cleaning cloths
  • Steelwool
  • Scrub brushes
  • Fool
  • Brooms
  • Cleaning gloves
  • degreasing spray
  • Disinfectant spray
  • Surface cleaner
  • Commercial floor cleaning solutions
  • Commercial dishwasher detergent
  • Dish detergent
  • hand soap
  • hand sanitizers

Daily restaurant kitchen cleaning checklist

During the day, keep the kitchen clean by running through this restaurant cleaning checklist as often as necessary:

  • Wash hands frequently
  • Clean surfaces before switching foods or dishes
  • Clean and sanitize food-prep areas after preparing raw meat
  • Wipe up messes
  • Clean and dry spills on the floor
  • Scrape the griddle
  • Brush the grill
  • Move utensils and dishes to the dishwashing area between tasks
  • Package ingredients safe for storage
  • Mark ingredients and prepared dishes with the date
  • Run the dishwasher

At the end of the shift or the day, do the following:

  • Clean and sanitize counters and food-prep areas
  • Clean and disinfect cutting boards
  • Degrease and wipe down appliances
  • Clean the surface of the ice machine
  • Clean and sanitize sinks
  • Clean the grill, griddle, range and fryer
  • Empty drip trays
  • Filter the oil in the fryer
  • Clean and sanitize handles and knobs
  • Send all dishes, pots and utensils for dishwashers
  • Put away clean items
  • Send uniforms, aprons and towels to the laundry
  • Clean floor mats
  • Clean beverage-dispenser heads
  • Take out the garbage
  • Sweep and mop the floors

Weekly restaurant kitchen cleaning checklist

  • Go through inventory and dispose of expired items
  • Delime sinks, faucets and coffee makers
  • Clean coolers and refrigerators
  • Clean ovens
  • Boil out the fryer
  • Switch out the oil in the deep fryer
  • Wipe down vent hoods
  • Pour drain cleaner in floor and sink drains

Monthly restaurant kitchen cleaning checklist

  • Clean vent hoods and fans
  • Clean behind major appliances
  • Clean and sanitize the interior of the ice machine
  • Empty and clean the grease traps
  • Wash the walls and ceiling
  • Deep clean the floors
  • Clean and sanitize inside refrigerators and freezers

7 Restaurant cleaning tips

Every restaurant will have a slightly different commercial cleaning checklist — a takeout sandwich shop requires a different process than a family pizza place. As you design and implement a custom procedure, use these tips to improve everyday cleanliness.

  1. Encourage frequent handwashing

Ask your staff to wash their hands regularly to prevent the spread of germs. At a minimum, they should wash before and after preparing food, after coming back from a break or the bathroom and after handling potentially dangerous foods such as raw meat. It’s also important to wash your hands after touching garbage, coughing, sneezing or blowing your nose. According to the CDC, the process should involve at least 20 seconds of scrubbing with soap.

  1. Follow the state food code

In most states, health inspectors visit restaurants one or more times per year and any time someone makes a complaint. To make sure you’re prepared, design your restaurant cleaning checklist to match your state’s food code; the city or county health department can provide a local inspection standards guide.

  1. Store foods quickly and correctly

Don’t leave ingredients or cooked food on the counter — instead, put them in the refrigerator quickly. By keeping the food below 40 degrees Fahrenheit, you can prevent the growth of harmful bacteria. And when foods are off the counter and safely in storage, they’re less likely to be cross-contaminated. This can help you limit food waste.

  1. Store cleaning supplies safely

When storing cleaning chemicals, consider your kitchen layout. Your storage area should be located away from heat, food-prep and storage areas and air intake vents. Ideally, choose a space with ventilation to prevent the buildup of fumes. Keep your restaurant kitchen cleaning checklist in mind, and place items when workers can get to them without interrupting the rest of the team.

  1. Delegate cleaning tasks

One of the best ways to clean a restaurant is to spread out the tasks. When everyone knows exactly what they’re responsible for, your team is less likely to skip steps. Consider creating individual commercial kitchen cleaning checklists for different employees or teams to streamline the process.

  1. Focus on daily cleaning

When your employees clean the kitchen and front-of-house on a daily basis, it’s easier to prevent dirt, dust and grease build-up. Over time, small cleaning tasks become a habit that’s tightly woven into your regular workflow.

  1. Minimize cell phone use

Cell phones are covered in bacteria — in fact, the University of Michigan found that phones are often 10 times dirtier than the average toilet seat. To prevent employees from transferring germs from their phones to food or appliances, ask them to minimize phone use while on the job. If they must touch the phone, ask them to wash their hands afterwards.

The importance of a clear cleaning checklist

A restaurant cleaning checklist is a simple tool, but it can transform your kitchen and front-of-house operations. When employees have a clear list of duties, they never need to wonder what’s been done; it’s easy to identify outstanding daily cleaning tasks at a glance.

This process benefits your restaurant by:

  • Standardizing a compliant cleaning process
  • Ensuring key areas are cleaned regularly
  • Improving food safety
  • Helping new employees contributing effectively
  • Reducing the risk of missed cleaning tasks, even during busy shifts
  • Holding employees accountable for assigned tasks
  • Tracking weekly and monthly cleaning jobs

Without a checklist, it’s easy to skip small jobs — especially during busy shifts. This situation tends to have a snowball effect that affects cleanliness, food safety and the customer experience.

If you’re looking for ways to improve your restaurant’s cleaning process, a checklist is a simple and affordable solution. By designing it to match the state food code and dividing tasks among the kitchen and front-of-house staff, you can create a better system with minimal costs and little to no training.

Hotels
Park Hotels & Resorts Inc. (NYSE:PK) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in Park Hotels & Resorts Inc. (NYSE:PK – Get Rating) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,908,699 shares of the financial services provider’s stock after selling 148,720 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Park Hotels & Resorts were worth $34,293,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Treasurer of the State of North Carolina boosted its position in shares of Park Hotels & Resorts by 1.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 96,741 shares of the financial services provider’s stock worth $1,141,000 after purchasing an additional 1,230 shares in the last quarter. HighTower Advisors LLC raised its stake in Park Hotels & Resorts by 35.9% in the 4th quarter. HighTower Advisors LLC now owns 25,685 shares of the financial services provider’s stock worth $305,000 after acquiring an additional 6,790 shares during the last quarter. Coombe Bender & Co LLC raised its stake in Park Hotels & Resorts by 2.3% in the 4th quarter. Coombe Bender & Co LLC now owns 269,042 shares of the financial services provider’s stock worth $3,172,000 after acquiring an additional 6,082 shares during the last quarter. Van ECK Associates Corp raised its stake in Park Hotels & Resorts by 79.9% in the 4th quarter. Van ECK Associates Corp now owns 23,250 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 10,326 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Park Hotels & Resorts by 2.4% in the 4th quarter. Russell Investments Group Ltd. now owns 482,138 shares of the financial services provider’s stock worth $5,684,000 after acquiring an additional 11,212 shares during the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equity analysts recently issued reports on the company. Truist Financial raised their target price on Park Hotels & Resorts from $19.00 to $20.00 in a research note on Tuesday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Park Hotels & Resorts from $20.00 to $21.00 in a research note on Tuesday, May 2nd. TheStreet upgraded Park Hotels & Resorts from a “d+” rating to a “c” rating in a research note on Wednesday, February 22nd. Morgan Stanley reduced their price objective on Park Hotels & Resorts from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, April 17th. Finally, Wells Fargo & Company cut Park Hotels & Resorts from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $17.00 to $12.50 in a research report on Thursday, March 30th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.55.

Park Hotels & Resorts Trading Up 0.4 %

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PK stock opened at $12.99 on Friday. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.09. Park Hotels & Resorts Inc. has a 12-month low of $10.70 and a 12-month high of $19.47. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.70 and a beta of 1.95. The business’s 50-day moving average is $12.46 and its 200 day moving average is $12.70.

Park Hotels & Resorts (NYSE:PK – Get Rating) last issued its earnings results on Monday, May 1st. The financial services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.17). The company had revenue of $648.00 million for the quarter, compared to analyst estimates of $617.04 million. Park Hotels & Resorts has a return on equity of 5.90% and a net margin of 9.44%. The company’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. On average, sell-side analysts anticipate that Park Hotels & Resorts Inc. will post 1.93 EPS for the current fiscal year.

Park Hotels & Resorts Cuts Dividends

The business also recently announced a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Thursday, March 30th. Park Hotels & Resorts’s dividend payout ratio is currently 54.05%.

Park Hotels & Resorts Profile

(Get Rating)

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts includes the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.

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Institutional Ownership by Quarter for Park Hotels & Resorts (NYSE:PK)

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Hotels
10 Restaurant Sustainability Tips | Grubhub

The US Department of Agriculture (USDA) estimates that 30% to 40% of the food supply in the United States goes to waste each year. Restaurants are a significant contributor; in fact, between 4% and 10% of the food in commercial kitchens is thrown out before it’s even prepared. That’s a lot of meals thrown in the trash.

If you run a restaurant, this issue may already be on your radar. By finding ways to reduce food waste in your organization, you can ease the financial and environmental impact and set a good example for other businesses in the industry.

But how can your restaurant reduce food waste while maintaining quality? Read on to find out.

The impact of food waste

For restaurant owners, reducing food waste is a financial priority. After all, the ingredients you don’t use can come with significant costs. If you spend $100,000 on food and 4% of it goes to waste, you’re losing $4,000 — plus the costs of labor and storage that come with ordering, handling, and managing inventory.

On a grand scale, wasted food has more serious effects, both for the planet and the human race.

  • environmental impacts: The US Environmental Protection Agency (EPA) estimates that food waste accounts for 21.6% of municipal solid waste. Most of that waste ends up in landfills; this cycle wastes all the energy that went into growing, producing, and transporting the food. Because food emits methane as it decays, it contributes to climate change.
  • Food insecurity: The USDA found that 13.5 million households in the United States were food insecure in 2021, which means they didn’t have access to enough food at some point during the year. Wasted food can’t be rerouted to families in need.

The causes of restaurant food waste vary. Some food spoils before it can be used, often due to ineffective storage or poor inventory management. In some cases, your kitchen team might prepare too much of a certain dish; if you can’t serve it in time, it ends up in the trash. The same thing happens when customers don’t finish their meals.

7 restaurant sustainability tips to reduce food waste in restaurants

Here’s the good news: There are plenty of things you can do to improve food waste reduction at your restaurant. With small adjustments to your operational practices, you can cut waste, save money and reduce your ecological footprint.

1. Conduct a food waste audit

A food waste audit is one way to track the food that’s thrown out at your restaurant. During the audit period, staff should dispose of all food waste — including kitchen scraps, spoiled food and plate scrapings — into designated bins. In the process, ask your team members to make notes of the following:

  • Ingredients, dishes or items that appear frequently
  • Items that could be donated
  • Food that’s thrown out before it’s used

At the end of the audit, weigh the food waste. Write down the amount, along with the number of meals you served and the revenue you brought in. These numbers serve as a baseline for future comparisons.

The results of the audit can help you find opportunities to reduce waste. If you notice that customers almost always throw out a certain vegetable or side dish, for example, it’s a sign to replace it with something else. If you have a high volume of spoiled food, consider revising your inventory and storage strategy.

2. Recycle used cooking oil

Restaurants use an average of 35 pounds of cooking oil per day. Disposing of it can be a hassle; an environmentally friendly solution is to recycle the oil. Get in touch with an oil-collection company that can pick up your used oil and transport it to a recycling facility. There, the oil is transformed into biodiesel fuel, animal feed, fertilizer and other products.

To reduce the amount of oil you send out for recycling, extend the life of your cooking oil by skimming it every 2 hours. It’s also a good idea to filter it at least twice a day to remove extra food particles and contaminants.

3. Optimize your restaurant storage

A poorly planned storage system can cause food to go to waste before you have a chance to use it. Here are some steps you can take to successfully optimize your restaurant storage:

  • Designate storage tasks to specific employees.
  • Create a shelf-life chart for quick reference.
  • Store and label products immediately after delivery.
  • Use ingredients on a first-in, first-out basis.
  • Use perishable items as soon as possible.

If you notice that certain items go in the trash frequently, it might be time to remove them from the menu or order them in lower quantities.

4. Donate food whenever possible

Speak to local food banks, soup kitchens, and homeless shelters to identify the foods you can donate. Most organizations have specific rules; for example, they probably won’t accept prepared food that’s been on a buffet line. However, they can typically take non-perishable goods and packaged foods that aren’t expired.

Donating food doesn’t cut your costs, but it can help you earn tax credits. It also keeps food waste out of landfills.

5. Give leftovers to employees

When your restaurant has left over food that can’t be safely stored, donated or used in another dish, invite your employees to take it home. This is a great way to reduce food loss when a specific item doesn’t sell or the kitchen makes too much. It also helps boost employee morale.

To protect your employees, it’s important to follow safe food-handling practices. Don’t let them take food that’s been sitting out too long, and always make sure it’s packaged and stored properly.

6. Consider composting

There’s not much you can do to salvage food scraps left over from food preparation or customer meals. Instead of throwing them in the garbage, turn them into compost. One option is a commercial composter, which works quickly and accepts most types of food. Alternatively, you might be able to send your scraps to an industrial composting company.

If you have the space — and if the local health department allows — you might be able to build a traditional compost bin outdoors. Then, simply donate the compost to a local farm or community garden.

What can be composted in a restaurant kitchen?

  • Food and vegetable scraps
  • Coffee grounds and paper filters
  • Paper tea bags (no staples)
  • Eggshells (crushed)
  • Shredded paper and cardboard

Meat, dairy products and oils cannot be composted. Cooked food also will not be composted.

7. Reduce portion sizes

Does most of your restaurant’s waste come from customer plate scrapings? Your portion sizes might be too big. Reducing portions is particularly effective if your customers can’t easily take leftovers to go; this is a common issue for restaurants located near hotels and airports. Alternatively, offer popular dishes in multiple size options so customers can order the one that best fits their appetite.

Before you start offering smaller portions, take time to train the staff. Teach them how to measure the correct amount of each item and how to plate it attractively. Depending on current sizes, you might consider using smaller plates or getting creative with presentation.

Additional restaurant sustainability tips

Reducing food waste in restaurants is just the first step toward sustainability. If you want to make a bigger change in your business, try these tips:

  • Turn off equipment. By shutting down some kitchen equipment when orders begin to dwindle, you can save hundreds of dollars each year.
  • Replace pre-rinse spray valves. Swap them with efficient models that use 20% less than the federal standard of 1.6 GPM; it can help you save $115 to $240 annually on water and energy costs.
  • Insulate your water pipes. This low-cost strategy reduces energy loss.
  • Become a certified green restaurant. Work with the Green Restaurant Association to get personalized sustainability recommendations. When you meet them, you’ll receive a certification that can be used on your website and marketing materials.
  • Invest in sustainable packaging. Swap out plastic and foam options for sustainable to-go containers
  • Reduce single-use plastic cutlery. You’ll save money and reduce overall waste. To help, Grubhub has joined the #CutOutCutlery campaign. In addition, delivery orders automatically default to zero utensils, so customers can opt in only if needed.

Grubhub for Restaurants is committed to driving sustainability across the restaurant industry

As a trusted delivery and mobile ordering platform, Grubhub is taking action to boost sustainability and food waste reduction. When you sign up with Grubhub for Restaurants, you’ll gain access to features that include:

  • Quick menu edits. It’s easy to remove dishes when an ingredient runs out or you switch to a seasonal menu.
  • Promotions. Use sales to move inventory before it expires.
  • Virtual restaurants. A virtual restaurant is delivery-only; it gives you the freedom to adjust your menu, ordering and food-prep strategy to reduce waste and use fewer resources.
  • Tech integrations. Grubhub uses the latest technology to allow accurate ordering and reduce errors.

When you’re trying to cut back on food waste, every action helps. Whether you choose to compost food scraps or find a food-donation option for surplus food, your efforts can cut costs and help the planet. If environmentally friendly delivery is part of your sustainability plan, Grubhub can help. To try Grubhub for Restaurants, sign up today.