Airbnb booked more than $1 billion in third quarter revenue

Airbnb is one of the big anticipated IPOs of next year and it's finally giving the public a taste of its revenue for the first time in its ten year history. The home-sharing startup recognized "substantially more" than $1 billion in revenue in the third quarter, according to a memo to be publicly released by Airbnb Friday. That would make it the company's strongest quarter since it was established in 2008. While other large private companies like Uber and WeWork have started to release more of their financial information ahead of public market debuts, Airbnb has held back. The company wouldn't comment on profitability or other data points, though a spokesperson told CNBC, "we'll continue to provide updates regarding our work as we go forward." But according to one person close to the company's financials, Airbnb is on track to be profitable for the second straight year, as measured by earnings before interest, taxes, depreciation and amortization. In 2017, the company posted $100 million in profit on $2.6 billion in revenue, said the source. Airbnb has been without a CFO since February when Laurence Tosi left, raising questions about who might help take Airbnb public when it is ready. He was highly regarded by Wall Street and helped turn the start-up profitable on an EBITA basis during his tenure. CEO Brian Chesky said the company would be ready to go public by mid-2019, but the company hasn't decided when. Airbnb is one of the most valuable start-ups in the US at $31 billion.

Hidden camera in a 5 star hotel: Failure to observe health tips!

Stout School of Hospitality Leadership, University of Wisconsin (USA)

Djubo Hotel Management Software

DJUBO is the world's only fully integrated hotel technology suite which offers OPERATIONS, DISTRIBUTION, MARKETING, REVENUE MANAGEMENT and INTELLIGENCE solutions in a single , easy to use and intuitive software.  Djubo's Product Universe includes the following products seamlessly integrated with each other:     DJUBO PMS - Property Management System     DJUBO POS - Point of Sale      DJUBO INSTACONNEKT - Channel Manager     DJUBO DIRECT - Booking Engine      DJUBO CEREBRUM - Revenue Manager     DJUBO FORESIGHT - Rate Shopper      DJUBO STARSIGHT - Reputation Manager Djubo comes powered with new age cutting edge technology which not only helps a hotel increase revenues but also reduce workload and cost significantly. Djubo requires no hardware installation or costs. It is a plug and play software which comes in extremely attractive quarterly and yearly pricing plans. Djubo Hotel Management Software Djubo Hotel Management Software

Qatar considers Iran offer to host World Cup teams

Qatar is considering offers from Iran to host teams during the 2022 World Cup, as an alternative to the boycotting GCC countries which it had originally planned on working with. According to the chief organiser of the event, Hassan Al Thawadi, Iran has recently offered to host teams who will play in tiny Qatar in the World Cup which starts in four years time. When asked whether teams could be based in Iran, Mr Al Thawadi said Qatar had received "numerous proposals from countries with regard to hosting teams" around the time of the tournament. Mr Al Thawadi said he hoped Qatar's neighbours would lift a ban on their citizens visiting Qatar in time for the World Cup, which kicks off on November 21, 2022. The country's original pitch in its bid to host the tournament included plans to use facilities elsewhere in the Gulf. "I hope the blockading nations can see the value of this major tournament and can allow for their people to benefit from this tournament," he said.

Luxury hotel built in former pit mine to open in China

Meliá Hotels Signs New Three Hotels in Vietnam and Thailand

Mr. Gabriel Escarrer Jaume, Executive Vice Chairman and CEO of Meliá Hotels International, the group’s Chief Operating Officer, Mr. André Gerondeau, and the Regional Vice President Asia Pacific, Mr. Bernardo Cabot, recently ended their Asia Pacific tour, during which they visited China, Thailand, Vietnam and Indonesia. During Mr. Escarrer’s trip, the company signed three new hotels: Meliá Hoi An and Meliá Phu Quoc in Vietnam, and Meliá Phuket Karon in Thailand. These new properties take Meliá Hotels International’s portfolio in Asia Pacific to 51 hotels, all scheduled to be fully operational by 2022. The company has seen spectacular growth over the last 6 years, growing from 6 operating hotels to 51 hotels in operation and pipeline. Since opening Meliá Bali in 1985, its first international hotel, Meliá has had a very strong focus on Asia, where it now has an extensive portfolio in 7 countries. In the medium term, the company expects that the growth of its Gran Meliá Hotels & Resorts, Meliá Hotels & Resorts, Sol by Meliá and INNSIDE by Meliá brands in the region may contribute to financial results and importance similar to that of their well-established and renowned Caribbean hotels. Furthermore, the company would like to bring other brands like ME by Meliá and Paradisus by Meliá from its portfolio to key destinations in APAC region. Over the last decade, the company has also focused heavily on China, a huge market in which it continues to make firm and consistent progress in increasing its hotel portfolio.

Secretary General of the World Tourism Organization: Iran is renowned for its rich and famous tourism.

Hotel News - The head of the Cultural Heritage, Handicrafts and Tourism Organization of Iran, Dr. Ali Asghar Monesan, and UNWTO Secretary-General Zurab Pololikashvili, had a conference meeting today at noon at the Golestan Palace in Tehran. Secretary-General of the World Tourism Organization (UNWTO), in a gathering of journalists and media representatives, said: "The hospitality is one of the main components of the tourism industry, which is also important in Iran. On the other hand, Iran is a country that is rich in tourism and everyone should visit this country.” “Zurab Pololikashvili " said: Our presence and the presence of representatives from 27 countries around the world in Iran and the city of Hamedan are proofs that Iran has many tourist attractions. He added that these 27 countries can have 27 trade ties and so I am very happy that this event will be held tomorrow in Hamadan because it can be a new tourist destination apart from Tehran, Isfahan and Shiraz. We are here to help tourism in Iran and help tourism, develop and prosper.

Timeshare Management

Vacation ownership is becoming a mainstream travel product. Continued growth based on number of units sold and an increasing number of international brands has placed this segment in a very strong position. As the market continues to grow, there is an increasing demand for clear and engaging sources of information on the key issues and components of vacation ownership, from both hospitality management students and the public. This book updates hospitality students in this vacation sector, provides the key background information, explanation of the growth, the components to vacation ownership management and an overview of opportunities in vacation ownership management. Timeshare Management provides the understanding of the financing, marketing, sales, management, and human resource issues surrounding the subject vital to any hospitality and tourism student.

40th UNWTO Affiliate Members Plenary Session - Nov 12 - 14,2018 - Hamedan - Iran

criticisms of the Executive Director of the Iranian Hoteliers Community on how the Cultural Heritage, Handicrafts and Tourism Organization of Iran works against hoteliers

The manager of the Iranian Hoteliers Community, in a report on Hotel Directors' emphasis on “two rates for hotels”, said: despite many adversaries even in the Cultural Heritage, Handicrafts and Tourism Organization of Iran, hotel management has become an enduring and challenging job due to increased and abnormal costs. On the other hand, the hotel's pricing is not free in Iran, and it is totally within the Cultural Heritage, Handicrafts and Tourism Organization of Iran’ discretion. Referring to the Cultural Heritage, Handicrafts and Tourism Organization of Iran’ instructions on the issue of room rates for foreigners which can be in foreign currencies, Abbas Bidgoli said: "Visitors should pay attention to the Nima system for foreign currencies, which is a significantly different in exchange rate with the free market in Iran. They should be aware of all people who offer them hotel discounts instead of exchanging currencies for them! He argued that the only offer by the Iranian hoteliers’ community to the Cultural Heritage, Handicrafts and Tourism Organization of Iran is to make a rule for hotels to receive room rates at foreign currencies. If this offer is not applicable, at least they should let hotels be free to change the currencies themselves based on free market and out of NIMA system. He continued: "The costs of goods and energy carriers, including water, electricity and gas have been multiplied in hotels, but hoteliers do not want to compensate this increase by increasing rates.

Catering Insight

Throughout decades of growth, contraction, swerves and surges, the bedrock of the multi-billion pound British foodservice industry has remained the community of equipment suppliers, prime importers, designers, specifiers and trade associations that collectively create the kitchens and counters that serve the nation . Now, for the first time, there will be a dedicated magazine and web site written specifically for this community of professionals. Catering Insight, which launches in January, will provide a unique opportunity for equipment manufacturers and prime importers to speak directly to the thousands of wholesalers, dealers and designers that specify what goes into most commercial kitchens . Catering Insight is the monthly business magazine and daily-updated web site for this vibrant and influential community of catering professionals, delivering vital news and analysis. Catering Insight Code: iranhotelnews.com