Editorial Board   Guest Author

Mr. Bailey

John Bailey

Chief Financial Officer, Prism Hotels & Resorts

John Bailey is the Chief Financial Officer (CFO) with Prism Hotels & Resorts, an award-winning, full-service hotel management, investment and advisory services company. As Prism's CFO, Mr. Bailey leads the various financial management functions of Prism's management and investment business, including risk management, legal, and receivership administration.

Mr. Bailey's professional responsibilities also include providing valuable support for Prism's new business development team, serving as a court-appointed restructuring officer for high profile bankruptcies, and serving in a leadership capacity as the chair of Prism's investment committee.

Prior to joining Prism, Mr. Bailey served as the Senior Vice President/Chief Accounting Officer for ClubCorp, Inc., a position where he was responsible for the accounting, financial planning and analysis, and human resources functions for the world's largest owner/operator of private golf and business clubs. He has also served as the Senior Vice President/Chief Financial Officer for HQ Global Workplaces, Inc., and as the Director of Finance and Vice President/Corporate Controller and Chief Accounting Officer for Bristol Hotels & Resorts.

With more than four decades of high-level accounting experience at a range of different positions in the industry, Mr. Bailey brings a rare combination of perspective and hands-on experiences to his work at Prism. His insight, expertise, and deep understanding of the financial contours and complexities of the hospitality sector are an invaluable asset to the organization.

A certified public accountant, Mr. Bailey graduated from Texas Tech University in 1979, where he earned a degree a Bachelor of Business Administration (BBA) in accounting.

Please visit http://www.prismhotels.com for more information.

Linkedin Profile: https://www.linkedin.com/in/john-bailey-ab326911/

Mr. Bailey can be contacted at +1 214-987-9300 or john.bailey@prismhotels.com

Coming up in August 2020...

Food & Beverage: New Technological Innovations

In the past few years, hotel food and beverage departments have experienced significant growth. Managers are realizing just how much revenue potential this sector holds, both in terms of additional revenue and as a means to enhance the guest experience. As a result, substantial investments are being made in F&B operations as a way to satisfy hotel guests but also to keep pace with the competition. Though it has been a trend for many years, the Farm-to-Table movement shows no signs of abating. Hotel chains are abandoning corporate restaurants and are instead partnering with local chefs to create locally-influenced dining options. Local, farm-sourced ingredients paired with specialty beverages or local wine also satisfies the increasing demand from Millennial travelers who are eager to travel sustainably and contribute to a positive impact. A farm-to-table F&B program also helps to support the local economy, which builds community goodwill. Also popular are "Self-Serv" and "Grab & Go" options. These concepts stem from an awareness that a guest's time is limited and if a hotel can supply them with fast, fresh, food and beverage choices, then so much the better for them. Plus, by placing these specialty kiosks in areas that might be traditionally under-utilized (the lobby, for instance), they can become popular destination locations. Of course, there are new technological innovations as well. In-room, on-screen menus allow guests to order from any restaurant on the property, and some hotels are partnering with delivery companies that make it possible for guests to order food from any restaurant in the area. Also, many hotels are implementing in-room, voice-activated devices, so ordering food via an AI-powered assistant will soon become mainstream as well. The August issue of the Hotel Business Review will report on these developments and document what some leading hotels are doing to expand this area of their business.