Five Hotel Operating Metrics You Should Care About
If you pursue a career in the hospitality industry, you’ll need to learn certain terms such as Hotel Occupancy Rate (OR) and Average Length of Stay (LOS). These terms aren’t that complicated to understand, and a computer system will generate the numbers for you. Here are the most common metrics used among hotel management. Average…
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Exciting Tips to Help Enhance Hotel Operations
The hotel industry is a competitive marketplace. Owners are constantly seeking to implement new strategies to help attract customers. Organizing a successful hotel business takes a lot of planning and commitment. While the brainstorming process can be overwhelming at times, these tips can help you gain a competitive advantage. Strong Leadership As the owner of…
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How Hotel Employment Strategies Have Evolved Post-pandemic
Over the past year, the hotel management has been compelled to explore a new approach to hiring and retaining employees. Due to the growing labor shortage, hotel managers must rethink labor, wages, qualifications, and hiring. Here’s a look at the new emerging paradigm of hotel employment strategies. Reward with Higher Pay Much of the labor…
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Why Should You Invest in Hotels or Resorts?
Even though the hotel industry was among the worst affected by the pandemic, it’s poised for a future turnaround for those that invest in a renovation to meet new standards. Entrepreneurs looking to enter the market can be competitive with the right investment choices that modernize the hotel experience. Here’s a look at why hotels…
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Business Travel Post COVID-19: Here’s What You Can Expect
Before the COVID-19 pandemic, Americans made over 400 million long-distance business trips annually. During the pandemic, however, this number reduced drastically due to pandemic-related measures such as travel restrictions and lockdowns. Today, thanks to mass vaccination programs across the country, states have fully reopened, allowing things to return to normal, including business travel. However, while…
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