by Ray Hader | Oct 10, 2023
An investment property is real estate purchased with the primary intention of generating income and potentially appreciating in value over time. An investment property is not intended for personal use but rather for renting out or reselling. Investors aim to generate...
by Ray Hader | May 1, 2023
Usually expressed as a percentage, Labour Cost Ratio provides revenue managers with a key performance indicator to compare labour costs to hotel revenue. It shows the amount of labour costs required to produce each dollar of sales. Employee salaries or wages are...
by Ray Hader | Oct 10, 2023
A lease agreement is a legally binding contract between a landlord and a tenant that outlines the terms and conditions under which the tenant can rent and occupy a property. Lease agreements specify details such as the rental duration, rent amount, payment schedule,...
by Ray Hader | Oct 10, 2023
A lease option, also known as a rent-to-own agreement, is a real estate arrangement where a tenant leases a property from a landlord with the option to purchase the property at a predetermined price within a specified time frame. During the lease period, the tenant...
by Ray Hader | May 1, 2023
Market Penetration Index (MPI) is a key hotel performance metric that measures how a hotel’s occupancy rates compare to those of its competitors. More specifically, it compares a hotel’s average occupancy rate to the average occupancy rate of similar hotels in your...
