Insights on Increasing the Hotel Asset Value During Post-Closing Adjustments
Negotiating post-closing price modifications can safeguard and increase the value of real estate. Ambiguity makes potential problems with post-closing price adjustments worse, particularly in specific markets. Therefore, planning and strategy are vital. Be strategic from the beginning and appoint independent auditors or asset managers who are familiar with handling potential pressure spots and can give…
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Building Your First Home? Avoid These Common Mistakes
Home building is one of the most exciting decisions you can make. However, people face challenges throughout the building process, and not acknowledging them beforehand can ultimately taint dream houses with shades of disappointment. Let’s look at common mistakes of first-home building and how to avoid them. Assuming Your Builder Will Take the Lead Communicating…
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Exciting and Engaging Content Marketing Trends to Expand Your Hospitality Business
Hotel marketing tactics shifted dramatically during the pandemic. Consumer behavior, lockdowns, and travel limitations have impacted hotel marketing. Now that the industry is returning and more people want to travel, it’s time to be creative with your hospitality brand’s content. Here are some entertaining and engaging hospitality content marketing trends: Staying visible to Travelers Brands…
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How Bias Is Impacting the Hotel Industry
A recent study has exposed some of the biases in the hotel industry. Research conducted by the Harvard Business School and the University of Virginia-Darden found that many hotels and other businesses in the hospitality industry treat customers differently based on racial bias. The study exposed that many hotels are more likely to provide excellent…
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Hospitality Sector Faces Tourism Boom While Desperately Short-Staffed
One of the biggest challenges a hospitality organization can face is being unprepared for a tourism boom. Lacking sufficient staff and resources to accommodate guests can lead to dissatisfaction and lost revenue opportunities. Here are helpful strategies for hospitality sector managers to deal with staff shortages as tourism increases. Replacing Lost Workers During the pandemic…
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