The International Network of Hospitality Consulting Professionals

5 Ways to Combat Hotel Fraud

Nearly $4,000,000,000,000 (trillion) dollars were lost from businesses around the world due to fraud in 2016. The typical organization loses 5 percent of revenue each year to fraud (see source*). How much is 5 percent of your company’s revenue? I bet it’s not a small amount. This article examines 5 ways to combat hotel fraud, […]

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Hotel owner frustratingly looking over hotel loss projection reports.

How to Avoid Lost Hotel Revenue After a Disaster

Disasters are inevitable. So, do you know what reports you will need to determine lost revenue after a disaster?  From a hotel owner perspective, coming up with fact-based hotel projections for lost revenue in the event of a disaster will ensure smooth discussions with your insurer and moving on with rebuilding your business as quickly […]

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restaurant and hotel safety: preventing and managing accidents and inury

 Restaurant and Hotel Safety: Preventing and Managing Accidents and Incidents

When it comes to restaurant and hotel safety, hospitality owners must be proactive in addressing the threats to their business. In terms of preventing and managing accidents and incidents, this means developing and implementing a system of safeguards that minimize exposure. This article will focus on accidents and incidents due to slips and falls, cuts and burns and foreign objects found in food.

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Control the Process to Get the Best Deal on Hotel Insurance

A common question for hotel and restaurant operators is: How do I get insurance that effectively covers my operation for the lowest price available? While insurance is a complex topic with many intricate layers, the answer to this specific question is fairly simple – control the process. When you ask for a certain grade of […]

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Bundling a Portfolio to Reduce Onerous Insurance Requirements

Hospitality operators borrow money from lenders in various manners. Whether you borrow from a local community bank or complete a commercial mortgage backed securities (CMBS) transaction on Wall Street, in the loan documents you will be required to maintain a certain level of insurance. And with this comes stipulations that may be a tad burdensome […]

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Israel’s Hospitality Industry And Today’s Growing Terrorism Threat by Dov Shiloah & James C. Braver

Over the past several years, it has become obvious that terrorism has become a permanent and constant threat. Governments, businesses, institutions, schools and society in general now realize that life as it used to be is no longer with us: Security is not just an issue relating to crime. Counterterrorism is a word that has […]

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