Between sustained closure and limited capacity regulations, COVID-19 restrictions hit overall retailer, restaurant, and hotel revenue. Plus, implementing safe standards amidst the COVID-19 pandemic required increased product spend – ultimately impacting profit. The good news is, between more control over COVID-19 and pent up consumer demand, business is back. And after more than a year of drastically dipping revenues, retailers and, […]
As Hospitality Employees Shift to Other Industries, Hotels Respond with Shift to Automation
Consumer travel confidence and activity continues to rise and it’s a positive sign for hotels world-wide. Over the past month, the hospitality industry witnessed an increase in weekday travel. STR reports that weekday room demand remains above 21. This demand increased by 16% on average over the recent four-week period. Hospitality-related market segments continue to progress into recovery or […]
Modernizing Hotel Accounting: A How-To Kit
Automation, integration, and centralization are quickly becoming standard tools for hospitality finance teams as hotel staff levels continue to shrink to meet environment demands. By leveraging these contemporary accounting tools, hospitality finance leaders can maintain lean staffing levels while simultaneously running multiple operational tasks. This also means leaders are less dependent upon error-prone, manual spreadsheets. Automation, […]
Accounting Automation Facilitates Easy Transition to New 2021 Tip/Gratuity Allocation Regulations
The United States Department of Labor (DOL) recently amended tip and gratuity distribution regulations. These tip and gratuity regulations begin next month. The new tipping regulations narrow the pay gap between front-of-house workers and back-of-house workers. The regulations broaden tip and gratuity distribution to back-of-house workers. Such workers include dishwashers, cooks, and similar. Workers who are not normally tipped directly by […]
How Hospitality Benefits from Tip and Gratuity Automation: A Property’s Perspective
HOST: Hi and welcome to another episode of Automated Back Office Briefings, I’m your host, Claire Kenney, Evention Marketing Communications Manager. I am so excited about our guests today and I am so excited about our topic. Each year, hotels world-wide lose millions of dollars to manual tip and gratuity distribution. Much of this loss stems […]
Evention Selected Best Tech Work Culture Finalist in Timmy Awards Tech in Motion: Announces Top Local Companies to Work at in Tech
Chicago (November 19, 2020) – Tech in Motion named Evention LLC a 2020 finalist for Best Tech Work Culture in the 6th annual Timmy Awards, which recognizes great workplaces for tech professionals. For Evention and all the finalists chosen, it’s about far more than perks when it comes to a rewarding team environment; it’s about a shared mission, meaningful recognition and promoting […]