Net Oреrаtіng Inсоmе
Net operating income іѕ a mеаѕurе uѕеd ѕресіfісаllу іn rеаl еѕtаtе and is nоt tо bе confused with net іnсоmе. So, what is Nеt Oреrаtіng Inсоmе?
01 Jan 2021
Coworking spaces continue to adapt and thrive during COVID-19
Since March of 2020, working remotely has become a way of life around the world. Many businesses have realized this and adapted accordingly. This has led employers to reconsider how much they need physical office spaces. The majorities have undertaken changes in order to accommodate new needs of workers, in the hope that their workspaces will remain useful.
30 Dec 2020
Hotels need technology more than ever to keep guests safe during the pandemic
Hotels are incorporating technology at every turn to keep guests safe and hopefully feeling comfortable enough to stay at their struggling facilities. Rapidly developing apps and new hotel management software are being created on a daily basis to adapt to consumers' changing needs in the face of COVID-19. Customer service doesn’t mean what it used to. Service with a smile has been covered with a facemask and taken a back seat to service at a safe distance.
28 Dec 2020
Hospitality Industry Workforces Among Hardest Hit by COVID-19
Though the hospitality and leisure industries in America only make up only 11% of the total workforce, their employees have endured over one-third of all job losses in the United States. Hotels, restaurants, bars, clubs, and cafes make up the sector that is struggling more than any at the moment. And their staffs who keep these businesses afloat have been left scrambling, oftentimes forced to focus on new career paths and different opportunities that are conducive to post-pandemic life. More than half of the employees working in hospitality were laid off in March and April. Hiring picked up to two million returning jobs in June, but that number quickly stalled to only 600,000 by mid-summer. These staggering numbers beg the question of what the future of this industry holds. And how will these businesses adapt if they hope to stay in business.
25 Dec 2020
How To Plan An Amazing Event In 6 Steps
When you hear the word events, you will probably think of special moments. Especially when the event is centered around you, you tend to remember every single detail that happens. If you wish to have one of the best events ever hosted, you need lots of preparations ranging from the welcoming, ticket sales, performance, menu, invitation letters, transportation, etc. Everything has to be near perfect, which will last long in the memory of your customers.
21 Dec 2020
Booking Ninjas Helps Realtors Adjust to Covid19 And Climate Change
The future of real estate is being shaped right now. The coronavirus has joined climate change as two of the most dangerous threats to the human population on planet earth. And the ‘twin-crises’ are specifically transforming the real estate sector, just as they have already affected numerous other industries around the world.
16 Dec 2020
How to rank in Google’s “hotel map”
When someone Google’s a term with the formula “hotel in [location]”, for example: “hotel in New York” or “hotel in Miami”, the search engine delivers them a map embedded with the location and prices of hotels in the relevant area.
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14 Dec 2020
The Complete Guide to Pet-Friendly Hotel Chains in the United States
You’ve got your travel plans solidified, a general idea of an itinerary and the suitcases dusted off–but then your eyes land on your favorite furry friend (or friends!). Perhaps you’ve forgotten to ask your relatives to puppy sit in time, your friends are out of town too, or it is too late to book a reservation for your pets to stay at their own resort for the time being. Maybe you plan on taking your dogs or cats with you; whatever the situation may be, it can be difficult to incorporate your pets into your travel plans, particularly when not all hotels allow pets–or even only allow certain kinds.
11 Dec 2020
5 Tips for a Hospitality Business to Survive the Pandemic
Amid the devastation that COVID-19 has brought upon the world, the hospitality industry is trying its hardest to remain upbeat and pull through to the other side. Still, this is easier said than done. Hospitality businesses thrive on bringing people together which to experts, is the antithesis of how to manage the spread of the virus and flatten the curve.
09 Dec 2020
What is Hotel Average Daily Rate(ADR)? Proven Tips to Increase Hotel Performance
If you’ve been in the hotel business for a while, you most likely know what ADR stands for; however, those new to the industry deserve a quick rundown of all of the terms, jargon, and acronyms used. Therefore, we’ve put together a brief guide to understanding one of the most important concepts and datasets in this field.
07 Dec 2020
Top 5 Hotel Technology Trends in 2020
With every passing year comes new technological advancements in most fields. The hotel industry is certainly not left behind in these upgrades, and they consistently output innovative and effective software solutions that deserve some spotlight. These new features cover a wide range of categories in the hotel business, such as (but not limited to) guest services, maintenance, housekeeping, and marketing.