In business, when we talk about ‘keeping the lights on’, we usually mean it as a metaphor for maintaining the minimum systems and infrastructure required to keep a business operational. At the end of the day, though, part of ‘keeping the lights...
In the world of business, there are essentially two ways to increase profitability: either by increasing revenue or by decreasing costs. And there are a variety of strategies and tactics that business owners can employ toward those ends, but the end goal of any of...
The global COVID-19 pandemic has been a challenge for business worldwide, to say the least. From the stock market fluctuations to employment rates, it’s impacted the bottom line for just about everyone from investors to entrepreneurs to labor. Arguably, though,...
The hotel industry is competitive to say the least. From the rise of Airbnb to changing guest expectations to changing hotel management trends, hoteliers face a variety of new challenges. At the end of the day, though, what will separate the winners from the losers in...
The hotel industry has faced some interesting challenges in recent years. From Airbnb’s impact on bookings to implementing more sustainable practices, the hotel industry is undergoing a number of changes that range from innovative to disruptive. As a result,...
The hotel industry has no shortage of KPIs. From operational to financial to guest experience metrics, hotel operators can track, monitor, and optimize the performance of their properties at a number of levels. Of the many KPIs that hotel operators can rely on,...
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