Tay Mauro

From varying taxes to legal distinctions, the lodging industry faces complex compliance hurdles. Clarus helps hotels navigate these challenges smoothly. Read our most recent blogs to learn more and reach out to our team if you need help navigating these complexities. https://lnkd.in/ev2_VGXW

6

𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞 𝐓𝐫𝐚𝐯𝐞𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 Incentive travel continues to thrive and evolve, playing a critical role in today's workplace strategies, as highlighted in the newly released 2024 Incentive Travel Index (ITI) presented at IMEX America 2024. Key insights include: 📈Projected Growth Through 2026: Buyers expect increased activity and per-person spending, underscoring the strategic role incentive travel plays in retaining top talent and enhancing employee engagement. 💡Top Trends: Today’s incentive programs are adjusting to key workplace shifts. As Stephanie Harris, IRF President, noted, retaining talented employees and fostering competitive hiring advantages are crucial goals for organizations using incentive travel. 🌐New Destinations & Experiences: According to SITE CEO Annette Gregg, over 70% of incentive buyers are seeking unique, fresh destinations. All-inclusive resorts and destinations close to participants' origins are gaining popularity, showing that diversity and convenience are major considerations for travel planners. 📊 Challenges on the Horizon: Rising costs, talent attraction, and safety remain top of mind for industry professionals, emphasizing the importance of adaptable, innovative solutions. At Adria Events, we’re tuned into these trends and ready to craft experiences that align with today’s incentive travel priorities. Contact us to learn more about our tailored incentive programs and new destination options. #IncentiveTravel #AdriaEvents #TravelIndustry #MICE #IncentiveTrends #Croatia #Montenegro

8

🥳 We're back with another series of IMEX Insights, kicking things off with leadership expert Holly Ransom. Holly spoke to us after moderating the new - Emergent Leadership Day - which brought together CEO’s and senior leaders from Hilton, Las Vegas Raiders, Cirque du Soleil Entertainment Group, Live Nation Entertainment and more! Find out what they had to say here ⬇️ Stay tuned as we will be sharing more fresh insights from speakers and industry leaders at IMEX America.

26

In the dynamic world of hospitality, staying ahead of talent acquisition trends is crucial for businesses aiming to attract and retain top talent. The industry faces unique challenges, from high turnover rates to the need for diverse skill sets. Learn more in our latest post: https://lnkd.in/gJtCHT2q #Recruitment #HospitalityTrends #HR

5

In a #podcast interview, labor attorney Andria Ryan explains the recent changes to the overtime exemption threshold and banning of non-competes, and why hotel operators need to make plans now. https://bit.ly/3JPie3A #legal #laborlaws #hoteloperations #hospitalitynews

3

In a #podcast interview, labor attorney Andria Ryan explains the recent changes to the overtime exemption threshold and banning of non-competes, and why hotel operators need to make plans now. https://bit.ly/3JPie3A #legal #laborlaws #hoteloperations #hospitalitynews

2

The Hospitality Financial and Technology Professionals (HFTP) recently announced the near final approval of the Uniform System of Accounts for the Lodging Industry (USALI) — 12th Revised Edition! This latest 12th Revised Edition is packed full of updated guiding principles to increase transparency in reporting, expand data sets for better decision-making, and align with modern practices. Members of the Global Finance Committee will be on hand to celebrate by hosting a series of "USALI 12th Revised Edition, Deep Dive" webinars taking place next month through September 2024. In each of the webinars, a different aspect of the new edition will be discussed to provide more insights. The series gets underway with a free Webinar on Rooms – Schedule 1, June 6th. The speakers will delve into the expanded definitions for each rate category used to segment Rooms Revenue, providing clearer insights into revenue streams. Additionally, there will be new guidance aimed at enhancing transparency regarding the costs associated with guest loyalty programs and amenities. Finally, an in-depth look at the newly introduced Executive Lounge – Subschedule 1-1. Don't miss it! Register now and spread the word: https://hubs.ly/Q02zr79T0 #USALI #HFTP #HospitalityFinance #GlobalFinanceCommittee #Hospitality #FinancialLeadership

23

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

2

Leaders in #hotel revenue management say they must identify the strengths and weaknesses of new hires in order to make them more well-rounded. https://bit.ly/4digdtq #revenuemanagement #hiring

2

Efficiency is Everything! Especially when pursuing efficiency also results in greater accuracy, more transparency, and more satisfying job roles. Especially in hospitality where things move fast and labor is tight. Interested in more information? Check out our article "Why AP Automation is a Must for Hotels" https://lnkd.in/eaZiWFYM #hotelmanagement #hospitalityERP #hotelaccounting #APautomation #accountspayable #hospitalitytechnology #hoteltechnology #automation

2

A change in the National Labor Relations Board (NLRB) under a new administration could significantly impact the hotel industry, reversing multiple pro-labor policies enacted during the Biden era. In this alert, Labor & Employment partner Kristin Michaels examines essential areas of potential change, including rules on union elections, collective bargaining units, independent contractor classifications and employer communication practices. This alert also emphasizes that hoteliers must stay informed about current NLRB decisions, ensure compliance and prepare for probable labor policy shifts that could affect their operations. Read the full alert here: https://lnkd.in/gR4cBzif #hospitalityindustry #NLRB

7

Are you a hotel owner, executive, or managing partner returning after the holiday break? The new year is the perfect time to refocus on your business. In our latest blog, we share five must-do strategies to help you: 👏 Reengage your team after a busy holiday season 🧠 Analyze critical performance metrics to uncover revenue opportunities 💡 Refresh your marketing and sales approach for 2025 success Ready to dive in and start the year strong? Read the full article on Inn-Flow.com to discover the full list and start your new year strong! https://lnkd.in/eWji-8md #HotelOwners #HotelManagement #Hospitality #Inn-Flow

11

Feeling bogged down by the complexity of your hotel’s financial statements? You’re not alone. Today, we’re diving into the essential yet often misunderstood world of the hotel chart of accounts—and specifically, how detailed it really needs to be. Here’s the thing: while the Uniform System allows for removing unnecessary accounts, it advises caution when adding new ones. Even if you do add accounts, they must be rolled up into a standard USALI category to ensure comparability with other hotels. But before you make any changes, consider whether additional accounts will truly benefit your financial reporting—or just create more headaches. Watch this video to explore some common pitfalls to avoid.   If you find this video helpful, follow us for more tips on building your team and improving your financial statements.   And if you’d like more than tips, you’d like an actual trusted team of industry experts to produce your hotel financial statements monthly, we’re here for you!   You can simply outsource the monthly financial process to us so you can focus on the parts of the hotel business that you love!   #hotelaccounting #platformbusinessadvisors

1

1 Comment

Feeling bogged down by the complexity of your hotel’s financial statements? You’re not alone. Today, we’re diving into the essential yet often misunderstood world of the hotel chart of accounts—and specifically, how detailed it really needs to be. Here’s the thing: while the Uniform System allows for removing unnecessary accounts, it advises caution when adding new ones. Even if you do add accounts, they must be rolled up into a standard USALI category to ensure comparability with other hotels. But before you make any changes, consider whether additional accounts will truly benefit your financial reporting—or just create more headaches. Watch this video to explore some common pitfalls to avoid. If you find this video helpful, follow us for more tips on building your team and improving your financial statements. And if you’d like more than tips, you’d like an actual trusted team of industry experts to produce your hotel financial statements monthly, we’re here for you! You can simply outsource the monthly financial process to us so you can focus on the parts of the hotel business that you love! #hotelaccounting #platformbusinessadvisors

3

1 Comment

Exciting News for Hoteliers! The American Hotel & Lodging Association has launched the Hospitality Law Database. This powerful tool provides quick access to state and local laws affecting hotel operations across the U.S. Stay compliant and navigate the legal landscape with ease! Learn more: https://ow.ly/qtou50SVRKh #AHLA #HospitalityLaw #HospitalityNews #HotelOperations

7